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Aditya Birla Money Vs Bonanza Online – Share Brokers Comparison
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Aditya Birla Money Vs Bonanza Online
Here is a point by point comparison of Aditya Birla Money Vs Bonanza Online. Aditya Birla Money is part of Aditya Birla Group and is spread across 800 branches and franchises in the country. It is known for its free call and trade facility apart from reasonable brokerage charges. This full service broker has its headquarters in Chennai.
Bonanza Online is a full service broker with presence in around 560 cities with 1800 outlets across the country. It offers multiple brokerage plans depending on the margin money the client is looking to put in while opening the account. This makes Bonanza Online one of the cheapest stock broker in India in terms of brokerage.
Full service brokers such as Aditya Birla Money or Bonanza Online will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Aditya Birla Money Vs Bonanza Online to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Aditya Birla Money Review | Bonanza Online Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 1994 |
| Number of branches across India | 800 | 1784 |
| Exchanges | NSE, BSE, MSEI, MCX and NCDEX | NSE, BSE, MCX, MCX – SX, ICEX, USE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹750 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹250 |
| Transaction Charges | Aditya Birla Money Transaction Charges | Bonanza Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | 0.1% |
| Intraday Delivery | 0.03% | 0.005% |
| Equity Futures | 0.03% | 0.005% |
| Equity Options | ₹50 per lot | ₹15 per lot |
| Currency Futures | 0.03% | 0.0025% |
| Currency Options | ₹20 per lot | ₹5 per lot |
| Commodity | 0.03% | 0.004% |
| Brokerage Calculator | Aditya Birla Money Brokerage Calculator | Bonanza Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 15 times for Intraday and 5 times for Delivery | Upto 10 times for intraday, Delivery@interest |
| Equity Futures | 3 times for Intraday | Upto 3 times for intraday |
| Equity Options | NA | No leverage for buying, upto 2 times for shorting |
| Currency Futures | NA | Upto 2 times for intraday |
| Currency Options | 3 times for Intraday | No leverage for buying, upto 2 times for shorting |
| Commodities | 2 times for Intraday | Upto 3 times for intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat |  | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Express Trade, ETrade, Advanced Web, Mobile Invest | My E-Trade, Nest Trader, My E-Trade Mobile App |
| Total BSE+NSE Complaints | 55 | 53 |
| OVERALL RATING |  | |
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Aditya Birla Money Vs Bonanza Online
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