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Karvy Online Vs Bonanza Online
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Karvy Online 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.
Karvy Online Vs Bonanza Online Comparison
Here is a point by point comparison of Karvy Online Vs Bonanza Online.
Karvy Online is the broking arm of Karvy Group and has a presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments.
Incorporated in 1985, Karvy today has a membership with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India.
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 Karvy Online 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 Karvy Online 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 stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Karvy Online Vs Bonanza Online Compare
 |  | |
| Karvy Online Review | Bonanza Online Review | |
| OVERVIEW | ||
| Broker Type | Full Service | Full Service Broker |
| Incorporated In the Year | 1985 | 1994 |
| Number of branches across India | 400 | 1784 |
| Exchanges | BSE, NSE, MCX-SX, MCX and NCDEX | NSE, BSE, MCX, MCX – SX, ICEX, USE |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹420 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹500 (FREE for first year) | ₹250 |
| Transaction Charges | Karvy Online 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 | ₹30 per lot | ₹15 per lot |
| Currency Futures | 0.03% | 0.0025% |
| Currency Options | ₹30 per lot | ₹5 per lot |
| Commodity | 0.03% | 0.004% |
| Brokerage Calculator | Karvy Online Brokerage Calculator | Bonanza Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 20 times, 0 for Delivery | Upto 10 times for intraday, Delivery@interest |
| Equity Futures | Upto 4 times for Intraday | Upto 3 times for intraday |
| Equity Options | No Leverage for buying, upto 4 times for Shorting Intraday | No leverage for buying, upto 2 times for shorting |
| Currency Futures | No Leverage | Upto 2 times for intraday |
| Currency Options | No Leverage | No leverage for buying, upto 2 times for shorting |
| Commodities | Upto 4 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) | NEST, Karvy Web, Trade Mobile App | My E-Trade, Nest Trader, My E-Trade Mobile App |
| Total BSE+NSE Complaints | 229 | 53 |
| OVERALL RATING |  |  |
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
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Karvy Online Vs Bonanza Online
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