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IDBI Direct Vs Bonanza Portfolio: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Bonanza Portfolio offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for Bonanza Portfolio is 51,989. IDBI Direct is serving more customer compare to Bonanza Portfolio.

Here we present side-by-side comparison of IDBI Direct vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Bonanza Portfolio's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Bonanza Portfolio's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Bonanza Portfolio on Service

  IDBI Direct Compare
IDBI Direct
Bonanza Portfolio Compare
Bonanza Portfolio
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 54,478 51,989
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Open an account with Bonanza Portfolio full-service broking house to trade and invest across multiple asset classes at flat discount brokerage rates at Rs 18/order on the advanced trading platforms, and get trading tips, research, and PMS services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Bonanza Portfolio on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Bonanza Portfolio on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Bonanza Portfolio charges Rs 999 for account opening. Demat AMC charges - Bonanza Portfolio offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Bonanza Portfolio
Charges IDBI Direct Bonanza Portfolio
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes No
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About Brokerage Plans

Compare IDBI Direct vs Bonanza Portfolio on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Bonanza Portfolio. This section compare on high level about type of plans offered by brokers. Multiple Plans - Bonanza Portfolio provides Multiple Plans where IDBI Direct doesn't offer. Monthly Plans - Bonanza Portfolio provides Monthly Plans where IDBI Direct doesn't offer

Compare IDBI Direct with Bonanza Portfolio on Plan Options
Plan Types IDBI Direct Bonanza Portfolio
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Bonanza Portfolio on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Bonanza Portfolio Brokerage Plan detail - This is a flat brokerage plan of Rs 18 to be charged irrespective of the trade vale and/or Lot size

Brokerage Charges - Compare IDBI Direct with Bonanza Portfolio
Brokerage Charges Compare IDBI Direct Bonanza Portfolio
Plan Name Flat Brokerage PLan My E Trade - Flat Rs 18 Brokerage Trading Plan
Equity Delivery 0.20% Flat Fee Rs 18
Equity Intraday 0.02% Flat Fee Rs 18
Equity Futures Flat Rs 15 per order Flat Fee Rs 18
Equity Options Flat Rs 15 per order Flat Fee Rs 18
Currency Futures Flat Rs 15 per order Flat Fee Rs 18
Currency Options Flat Rs 15 per order Flat Fee Rs 18
Commodity Trading NA Flat Fee Rs 18
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Bonanza Portfolio
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Share Broker's Transaction Charges

Compare IDBI Direct vs Bonanza Portfolio on Transaction Charges

Compare IDBI Direct with Bonanza Portfolio on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Bonanza Portfolio
Transaction Charges Compare IDBI Direct Bonanza Portfolio
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for bonanza-portfolio
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Account Features

Compare IDBI Direct vs Bonanza Portfolio on Account Features

Compare IDBI Direct with Bonanza Portfolio on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Bonanza Portfolio offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Bonanza Portfolio
Account Features Compare IDBI Direct Bonanza Portfolio
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Bonanza Portfolio on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Bonanza Portfolio. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Bonanza Portfolio
Trading Platform Compare IDBI Direct Bonanza Portfolio
Desktop Trading Platform Infinity E-Trade(NestTrader)
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ Aero Web Trading Platform
Web Trading Demo Info Not Available Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Bonanza WAVE MyEtrade
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Bonanza WAVE MyEtrade Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download iOS Bonanza WAVE MyEtrade Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Bonanza Portfolio
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Bonanza Portfolio
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for bonanza-portfolio

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Broker Ratings by Users

Compare IDBI Direct vs Bonanza Portfolio on User Rating

  IDBI Direct Bonanza Portfolio
  31 Customer Reviews    Rate IDBI Direct 3 Customer Reviews    Rate Bonanza Portfolio
Fees Ratings 3.0 4.7
Trading Brokerage Rating 2.5 4.7
Trading Platform Usability 2.6 5.0
Customer Service Ratings 2.7 4.3
Overall Ratings 2.7 4.7
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare IDBI Direct vs Bonanza Portfolio on Investment Offerings

Compare IDBI Direct with Bonanza Portfolio on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Bonanza Portfolio offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Bonanza Portfolio
Investment Offerings Compare IDBI Direct Bonanza Portfolio
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Bonanza Portfolio on Order Types

Order Type - Compare IDBI Direct with Bonanza Portfolio on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - IDBI Direct provide Cover Orders (CO) where Bonanza Portfolio doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - IDBI Direct provide Bracket Orders (BO) where Bonanza Portfolio doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Bonanza Portfolio
Order Type Compare IDBI Direct Bonanza Portfolio
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Bonanza Portfolio on Customer Service

Compare IDBI Direct with Bonanza Portfolio on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Bonanza Portfolio
Customer Service Compare IDBI Direct Bonanza Portfolio
24/7 Customer Service IDBI Direct vs Bonanza Portfolio - 24x7 customer support No No
Email Support IDBI Direct vs Bonanza Portfolio - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Bonanza Portfolio - Onine Live Chat No Yes
Phone Support IDBI Direct vs Bonanza Portfolio - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Bonanza Portfolio - Toll Free Number Yes No
Through Branches IDBI Direct vs Bonanza Portfolio - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Bonanza Portfolio - Customer Care Number 022-3913 5001 022-68363775 | 022-68363739 | 022-68363708
Account Opening Process IDBI Direct vs Bonanza Portfolio - Account Opening Process Info Not Available Info Not Available
Customer Support Email IDBI Direct vs Bonanza Portfolio - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Bonanza Portfolio - Knowledge Center/Education Info Not Available https://www.bonanzaonline.com/blog/
Head Office Address IDBI Direct vs Bonanza Portfolio - Head Office Address/Corporate Address Info Not Available Info Not Available
Website IDBI Direct vs Bonanza Portfolio - Company Website https://www.idbidirect.in/ https://www.bonanzaonline.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Bonanza Portfolio on Research Reports, Tips

Compare IDBI Direct with Bonanza Portfolio on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Bonanza Portfolio
  IDBI Direct Bonanza Portfolio
Research Mutual Funds IDBI Direct vs Bonanza Portfolio - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Bonanza Portfolio - Research Equity Reports Yes No
Research ETF IDBI Direct vs Bonanza Portfolio - Research ETF Yes No
Daily Market Report IDBI Direct vs Bonanza Portfolio - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Bonanza Portfolio - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Bonanza Portfolio - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Bonanza Portfolio - Yes Yes
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Demat Account

Compare IDBI Direct vs Bonanza Portfolio on Demat Account

Compare IDBI Direct with Bonanza Portfolio on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Bonanza Portfolio is ₹250 pa where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Bonanza Portfolio is ₹12 per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Bonanza Portfolio
  IDBI Direct Bonanza Portfolio
DP Source CDSL CDSL
DP ID IDBI Direct vs Bonanza Portfolio - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹250 pa
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹12 per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.01% of transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Bonanza Portfolio on Special Offers and Promotion

Compare IDBI Direct with Bonanza Portfolio on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Bonanza Portfolio on Special Offers and Promotion
  IDBI Direct Bonanza Portfolio
Pay In and Pay Out Options IDBI Direct vs Bonanza Portfolio - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time IDBI Direct vs Bonanza Portfolio - Payout Time Info Not Available Info Not Available
Bank Supported and Charges IDBI Direct vs Bonanza Portfolio - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • A complete spectrum of trading and investing products.
  • MyEtrade trading platform.
  • Competitive brokerage at Rs 18 per executed order.
  • Advanced intraday & historical charts.
  • Select Advantage, a bucket of quality stocks curated by the Bonanza research team.
  • Trading tips, positional calls, investment ideas, and mutual fund research.
  • Facilitates NRI trading.
  • Place after-market order (AMO).
  • Dedicated RMs and helpdesk.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • Does not provide bracket order (BO) and cover order (CO) facility.
  • No 3-in-1 account opening facility.
  • No GTT order.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00