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HDFC Securities Vs Bonanza Online
| | Broker Comparison, Trading | No Comments
HDFC Securities Vs Bonanza 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.
HDFC Securities Vs Bonanza Online Comparison
Here is a point by point comparison of HDFC Securities Vs Bonanza Online.
HDFC Securities is the equity trading arm of HDFC Bank. It was founded in the year 2000 as a joint venture between HDFC Limited, HDFC Bank Limited and IndOcean E-Securities Holding limited.
Bonanza Online is a full-service broker with a 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 HDFC Securities or 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 HDFC Securities 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
HDFC Securities Vs Bonanza Online Compare
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.
 |  | |
| Bonanza Online Review | HDFC Securities Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 2000 |
| Number of branches across India | 1784 | 250 |
| Exchanges | NSE, BSE, MCX, MCX – SX, ICEX, USE | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹999 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹250 | ₹750 |
| Transaction Charges | Bonanza Online Transaction Charges | HDFC Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | 0.5% or INR 25 whichever is higher |
| Intraday Delivery | 0.005% | 0.1% |
| Equity Futures | 0.005% | 0.05% or INR 25 whichever is higher |
| Equity Options | ₹15 per lot | INR 100 per lot |
| Currency Futures | 0.0025% | INR 23 per contract |
| Currency Options | ₹5 per lot | INR 20 per contract |
| Commodity | 0.004% | NA |
| Calculate Brokerage | Bonanza Online Brokerage Calculator | HDFC Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for intraday, Delivery@interest | Upto 20 Times for Intraday & 2 Times for Delivery |
| Equity Futures | Upto 3 times for intraday | NA for Intraday |
| Equity Options | No leverage for buying, upto 2 times for shorting | NA for Intraday |
| Currency Futures | Upto 2 times for intraday | NA for Intraday |
| Currency Options | No leverage for buying, upto 2 times for shorting | NA for Intraday |
| Commodities | Upto 3 times for intraday | NA |
| 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 | Blink |
| Total BSE+NSE Complaints | 53 | 88 |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage.
This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers?
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Summary
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Date
Broker Name
HDFC Securities Vs Bonanza Online
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