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Bonanza Online Vs Upstox – Share Brokers Comparison
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Bonanza Online Vs Upstox
Here is a point by point comparison of Bonanza Online Vs Upstox. 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.
Upstox is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Discount brokers such as Upstox 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 Upstox 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
 |  | |
| Bonanza Online Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1994 | 2012 |
| Number of branches across India | 1784 | 3 |
| Exchanges | NSE, BSE, MCX, MCX – SX, ICEX, USE | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹250 | ₹150 |
| Transaction Charges | Bonanza Online Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | ₹0 |
| Intraday Delivery | 0.005% | ₹20 per executed order |
| Equity Futures | 0.005% | ₹20 per executed order |
| Equity Options | ₹15 per lot | ₹20 per executed order |
| Currency Futures | 0.0025% | ₹20 per executed order |
| Currency Options | ₹5 per lot | ₹20 per executed order |
| Commodity | 0.004% | ₹20 per executed order |
| Brokerage Calculator | Bonanza Online Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for intraday, Delivery@interest | Upto 20 times Intraday |
| Equity Futures | Upto 3 times for intraday | Upto 4 times for Intraday |
| Equity Options | No leverage for buying, upto 2 times for shorting | Upto 4 times for Intraday |
| Currency Futures | Upto 2 times for intraday | Upto 4 times for Intraday |
| Currency Options | No leverage for buying, upto 2 times for shorting | Upto 4 times for Intraday |
| Commodities | Upto 3 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) | My E-Trade, Nest Trader, My E-Trade Mobile App | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.05% | 0.12% |
| 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 Upstox for the benefits of other readers. Please feel free to share in the comments below.
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Date
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Bonanza Online Vs Upstox
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