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Bonanza Online Vs Trade Smart Online
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Bonanza Online Vs Trade Smart Online comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Bonanza Online Vs Trade Smart Online Comparison
Here is a point by point comparison of Bonanza Online Vs Trade Smart Online.
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.
Trade Smart Online is a discount broker that was incorporated by VNS – a stock broking firm that was founded in 1994.
Discount brokers such as Trade Smart Online 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, handhold 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 Trade Smart 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
Bonanza Online Vs Trade Smart Online Details
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 stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Trade Smart Online Review | Bonanza Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 1994 |
| Number of branches across India | 1 | 1784 |
| Exchanges | NSE, BSE, MCX, MCX-SX and NCDEX | NSE, BSE, MCX, MCX – SX, ICEX, USE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹200 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹200 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹300 | ₹250 |
| Transaction Charges | Trade Smart Online Transaction Charges | Bonanza Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed order or 0.07% depending on the plan | 0.1% |
| Intraday Delivery | ₹15 per executed order or 0.007% depending on the plan | 0.005% |
| Equity Futures | ₹15 per executed order or 0.007% depending on the plan | 0.005% |
| Equity Options | ₹15 or ₹7 per executed order depending on the plan | ₹15 per lot |
| Currency Futures | ₹15 per executed order or 0.007% depending on the plan | 0.0025% |
| Currency Options | ₹15 per executed order or 0.007% depending on the plan | ₹5 per lot |
| Commodity | ₹15 per executed order or 0.007% depending on the plan | 0.004% |
| Brokerage Calculator | Trade Smart Online Brokerage Calculator | Bonanza Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 30 times | Upto 10 times for intraday, Delivery@interest |
| Equity Futures | Upto 5 times | Upto 3 times for intraday |
| Equity Options | Upto 5 times | No leverage for buying, upto 2 times for shorting |
| Currency Futures | Upto 3 times | Upto 2 times for intraday |
| Currency Options | Upto 3 times | No leverage for buying, upto 2 times for shorting |
| Commodities | Upto 5 times | 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) | NOW, Nest, Spin | My E-Trade, Nest Trader, My E-Trade Mobile App |
| Total BSE+NSE Complaints | 14 | 53 |
| OVERALL RATING |  | |
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Bonanza Online Vs Trade Smart Online
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