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.
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.
Current promotion offer from Zerodha for InvestorGain Visitors:
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.
|Trading Account Opening Charges:||Rs 999|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
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|
Bonanza Portfolio facilitates e-trading services to both residents and NRI customers by providing a 2-in-1 account feature.
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;
Complete eKYC digitally to open online trading and demat account with Bonaza, and start trading instantly within 24 hours.
You can also choose to open an account offline by visiting any of the nearest branch or franchisee offices.
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.
For detail review of mobile app and download please visit Bonanza Portfolio Trading Platform Review.
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.
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.
Last updated on: 2023-08-21
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