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Bonanza Portfolio Review 2024

Rated 3.5/5 by InvestorGain Team
Last updated on: 21-Aug-2023
Bonanza Portfolio Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Bonanza Portfolio Review 2024 - Quick Summary

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.


Bonanza Portfolio Top Highlight for 2024

  • A plethora of product offerings.
  • Free demat account opening.
  • Trade at just Rs 18 per order.
  • Web, mobile app, and an installable desktop terminal for trading.
  • PMS and Select Advantage (bucket of stocks) investing products.
  • Free research and advisory services.
  • Robust PAN-India presence.

About Bonanza Portfolio

Established in 1994, today Bonanza has established itself as one of the largest full-service broking houses in India. The broker is affiliated with BSE, NSE, MCX, NCDEX, NMCE, and ICEX to present you with a perfect blend of all types of financial services right from equity trading to derivatives, commodities, and currency trading, IPO, mutual funds, and fixed income products.

Bonanza Portfolio caters to all types of customers including retail clients to NRIs, corporate houses, and large institutions. It also offers institutional broking and investment banking services backed by insightful research.

The brokerage should not be a concern while trading with Bonanza as it charges the lowest flat brokerage fee of Rs 18 per executed order across segments.

Besides, the team of dedicated experts and researchers provides in-depth research reports covering trading tips, positional calls, research reports (equity, commodity, and currency), and mutual funds research.

It provides MyEtrade, an integrated and technologically advanced platform for tech-savvy customers to trade online. Customers can trade via mobile app, web, and desktop platforms.

The broking house provides online as well as offline customer support via 1784 branch offices, partners, and sub-broker offices across 560 cities. Read the complete details to know more about the Bonanza Portfolio Review 2023 including demat & trading account opening fees, brokerage charges, trading platform features, and pros & cons.

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  • Free Delivery Trading
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Bonanza Portfolio Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3.5/5

Thanks to the flat brokerage model at Bonanza that looks really competitive in line with other full-service brokers and discount brokers as well. The particular fixed pricing model charges a flat fee of Rs 18 per executed order from clients on equity intraday (MIS), equity delivery (CNC), equity derivatives, commodity derivatives, and currency derivative trading segments regardless of the trading volume.

Bonanza Portfolio Account Opening Charges

Trading Account Opening Charges: Rs 999
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Free

Bonanza Portfolio Brokerage Plan with closest competitors

Here we are comparing Bonanza Portfolio with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Bonanza Portfolio 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 18 flat brokerage Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Flat Fee Rs 18 Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 18 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 18 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 18 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 18 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Flat Fee Rs 18 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 18 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating

Other Charges

  • Call & Trade Charges: NA
  • RMS Auto Square Off Charges: NA
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Bonanza Portfolio Brokerage Charges.

Please refer unique and accurate Bonanza Portfolio Brokerage Calculator


Type of Account offered by Bonanza Portfolio

Bonanza Portfolio facilitates e-trading services to both residents and NRI customers by providing a 2-in-1 account feature.

Bonanza Portfolio Trading & Demat Account

  • Bonanza is a DP with CDSL and NSDL to provide Demat along with trading account opening services to all residents in India. The broker is an active trading partner of exchanges including NSE, BSE, MCX, and NCDEX to offer online trading in stocks, derivatives, commodities, and currencies. It further offers mutual funds, fixed-income products like debts & bonds, and PMS to clients.
  • You are not just offered an online trading platform but also provided with comprehensive research offerings across all segments. The team of dedicated researchers provides trading ideas, tips, positional calls, technical calls, and mutual fund research. It further provides a Select Advantage investment product, a bucket of fundamentally strong quality stocks selected by experts following a bottom-up approach.
  • Does Bonanza offer a free Demat account? Yes, Bonanza Portfolio charges zero account opening fees, and also there are no maintenance charges on the Demat account.

Bonanza Portfolio NRI Trading Account

Bonanza Portfolio is a one-stop solution that caters to all investment requirements of NRI customers including the e-broking services in stocks listed on the BSE and NSE, investment in IPO, mutual funds, bonds, and portfolio management services.

Bonanza Portfolio NRI trading features;

  • Invest in stocks, IPO, and mutual funds.
  • Dedicated relationship managers.
  • Dedicated NRI service desk.
  • 24*7 Back office support.
  • Equity research reports & advisory facility.
  • Portfolio management services (PMS).

How to open Bonanza Portfolio Account online?

Complete eKYC digitally to open online trading and demat account with Bonaza, and start trading instantly within 24 hours.

Steps to open Bonanza Portfolio Demat & Trading Account Online;

  1. Visit the official website or download the Bonanza app.
  2. Tap on the “Open an Account” option.
  3. Simply register with your mobile number, name, and e-mail id.
  4. Verify your mobile number with OTP.
  5. Upload scanned copies of required documents.
  6. E-sign the account opening form with aadhaar-based OTP.
  7. Post document verification, you will receive a mail to start the hassle-free trading journey at Bonanza! Login to the Bonanza Portfolio trading platforms using the login credentials (unique client code and password) provided in the email.

You can also choose to open an account offline by visiting any of the nearest branch or franchisee offices.

  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Bonanza Portfolio

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Bonanza Portfolio Mobile App and Trading Platforms

Trading Platforms Rated 3.5/5

Bonanza Group offers MyEtrade an online trading platform to allow users to trade on technically advanced channels at the fastest speed. The broker has all types of platforms including a website, mobile trading app, and a desktop trading terminal to enable customers to trade online using all devices like Desktop, Mobiles & Tablets, and Laptop.

Bonanza Wave MyEtrade Mobile App

  • Trade anywhere anytime on BSE, NSE, and MCX using the Bonanza Wave Etrade mobile app. Easy access to market watch, multiple customizable watchlists, simplified order placement, tracking your order book, holdings, net positions, real-time funds view, etc. are the basic features available on the Wave mobile app. It is a free mobile trading app available on Android and iOS devices to trade in multiple segments.

Bonanza Portfolio Aero Web Trading Platform

  • Aero is Bonanza Portfolio’s web trading platform to trade across devices on any supported browser. The web platform has multiple features such as multiple exchange trading, smart screeners, analytical charting, live gain or loss report on portfolio holdings, research calls, and many more.

Bonaza MyEtrade Trading Terminal

  • MyEtrade is a free fully-functional installable trading terminal powered by Omnesys Nest Trader that facilitates fast order execution with real-time monitoring. Live stock market data, comprehensive market details, advanced intraday & historical charts with configurable intervals, FII & DII flows, Rollover analysis, option chain analytics, customer support, etc. are the prominent features available on the Bonanza Portfolio’s desktop trading software. Customers can download the terminal from the broker’s official website.

Bonanza Mutual Fund

  • Bonanza Online Mutual fund and MF-Bonaza App are the dedicated platforms for paperless investment in mutual funds. You can invest in your choice of the scheme across different fund houses, invest in top performers, and new fund offers (NFOs) and shortlist the best funds. Customers can start SIP or invest fixed lumpsum money in any mutual funds at their fingertips.

For detail review of mobile app and download please visit Bonanza Portfolio Trading Platform Review.


Bonanza Portfolio Trading Pros

  • 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.

Bonanza Portfolio Trading Cons

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

Bonanza Portfolio Customer Care info

The full-service broking house has a number of communication channels including a customer care number, a helpline email, and a toll-free number. You can raise your query, doubts, or issues on any of the said mediums. Moreover, offline branch support is available at 1784 outlets in 560 cities across India and the UAE.

Bonanza also has a dedicated NRI service desk to provide assistance to NRI clients.


Final thought about Bonanza Portfolio

Rated 3.5/5 by 20 users

With around 3 decades of experience, Bonanza Portfolio can be considered a trustworthy and reliable financial brokerage house based in Mumbai. All types of trading & investing products to Rs 18/order competitive pricing model, multiple platforms for trading, and trading tips, research & advisory make it a good full-service broker but it still lags far behind in terms of clientele base. The review suggests that the stockbroker must work on the quality of customer service to expand its customer base and thereby become a prominent name in the industry.

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Last updated on: 2023-08-21

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Bonanza Portfolio User Reviews

12. Harshita Dec 09 2019 12:13:57 AM Reply
my experience is quite good with my e trade.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
11. Viru Solanki Nov 25 2019 01:25:03 AM Reply
The best part is they don''t charge AMC and have 2 discounted brokerage plan I chose for flat 18rs. The best part is the research call of the market to maximize my profit

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
10. Vishal Dalal Nov 21 2019 05:20:29 PM Reply
Very Simple To Use Software

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
9. Kumar Vijay Narayan Singh Dec 13 2018 12:53:42 PM Reply
I want to do online buy & sell. I have an a/c no DBP 430333. Please help me & guede.
8. Sonia Sharma Dec 06 2018 02:25:26 AM Reply
It gives more interest and beneficial for long run.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
7. MANAN vasenwala Nov 08 2018 09:41:19 AM Reply
Where is your office located in aligarh.
6. AnuradhaMarwaha Dec 06 2017 11:09:19 AM Reply
Great Broker



Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
5. Davinder Marwaha Dec 06 2017 10:34:54 AM Reply
Best broker in north India.
D K marwaha

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
4. ashok Aug 09 2017 04:47:02 PM Reply
no online trading facilities for small trader, high monthly cdsl charges,poor service

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor