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Motilal Oswal Vs Bonanza Online
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Motilal Oswal 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.
Motilal Oswal Vs Bonanza Online Comparison
Here is a point by point comparison of Motilal Oswal Vs Bonanza Online.
Motilal Oswal is a full-service broker that was incorporated way back in the year 1987. It boasts of 7.5 Lakh customers today with a presence in more than 2200 locations around the country.
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.
Full-service brokers such as Motilal Oswal 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 Motilal Oswal 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
Motilal Oswal Vs Bonanza 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.
 |  | |
| Motilal Oswal Review | Bonanza Online Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1987 | 1994 |
| Number of branches across India | 2200 | 1784 |
| Exchanges | BSE, NSE, NCDEX, MSEI | NSE, BSE, MCX, MCX – SX, ICEX, USE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹1000 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹441 | ₹250 |
| Transaction Charges | Motilal Oswal Transaction Charges | Bonanza Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.50% | 0.1% |
| Intraday Delivery | 0.05% | 0.005% |
| Equity Futures | 0.05% | 0.005% |
| Equity Options | ₹75 per contract | ₹15 per lot |
| Currency Futures | ₹20 per contract | 0.0025% |
| Currency Options | ₹20 per contract | ₹5 per lot |
| Commodity | 0.03% | 0.004% |
| Calculate Brokerage | Motilal Oswal Brokerage Calculator | Bonanza Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 times on Intraday | Upto 10 times for intraday, Delivery@interest |
| Equity Futures | Upto 20 times on Intraday | Upto 3 times for intraday |
| Equity Options | Upto 4 times | No leverage for buying, upto 2 times for shorting |
| Currency Futures | Upto 20 times on Intraday | Upto 2 times for intraday |
| Currency Options | Upto 4 times | No leverage for buying, upto 2 times for shorting |
| Commodities | Upto 4 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) | Motilal Mobile App, Tablet, Desktop, Smart Watch app, Web Platforms | My E-Trade, Nest Trader, My E-Trade Mobile App |
| Total BSE+NSE Complaints | 145 | 53 |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Motilal Oswal Vs Bonanza Online for the benefits of other readers? Please feel free to share in the comments below.
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Date
Broker Name
Motilal Oswal Vs Bonanza Online
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