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Bonanza Online Vs Prostocks – Share Brokers Comparison
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Bonanza Online Vs Prostocks
Here is a point by point comparison of Bonanza Online Vs Prostocks. 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.
Prostocks, relatively a new entrant into the Indian stock market, is a discount broker that charges a flat fee per transaction from the customers. This stock broking firm was founded recently in February 2016.
Discount brokers such as Prostocks offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as 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 Bonanza Online Vs Prostocks 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
 |  | |
| Prostocks Review | Bonanza Online Review | |
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2016 | 1994 |
| Number of branches across India | 2 | 1784 |
| Exchanges | BSE, NSE | NSE, BSE, MCX, MCX – SX, ICEX, USE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹250 |
| Transaction Charges | Prostocks Transaction Charges | Bonanza Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | 0.1% |
| Intraday Delivery | ₹15 per executed trade | 0.005% |
| Equity Futures | ₹15 per executed trade | 0.005% |
| Equity Options | ₹15 per executed trade | ₹15 per lot |
| Currency Futures | ₹15 per executed trade | 0.0025% |
| Currency Options | ₹15 per executed trade | ₹5 per lot |
| Commodity | NA | 0.004% |
| Calculate Brokerage | Prostocks Brokerage Calculator | Bonanza Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 10 times for intraday, Delivery@interest |
| Equity Futures | Upto 1.5 times | Upto 3 times for intraday |
| Equity Options | Upto 1.5 times | No leverage for buying, upto 2 times for shorting |
| Currency Futures | NA | Upto 2 times for intraday |
| Currency Options | NA | No leverage for buying, upto 2 times for shorting |
| Commodities | NA | 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) | ProStocks Web, ProStocks Mobile and ProStocks Desktop | My E-Trade, Nest Trader, My E-Trade Mobile App |
| Complaints Percentage of Active Clients | 0.15% | 0.05% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Bonanza Online Vs Prostocks for the benefits of other readers. Please feel free to share in the comments below.
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Bonanza Online Vs Prostocks
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