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Sharekhan Vs Bonanza Online
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Sharekhan Vs Bonanza Online is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Sharekhan Vs Bonanza Online so that you get a 360-degree view about which broker to go ahead with.
Here is a point by point comparison of Sharekhan Vs Bonanza Online.
Sharekhan is one of India’s leading full-service brokers. Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks second in retail stockbroking in India. The stockbroker has been recently sold out to BNP Paribas for INR 2000 crore.
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 Sharekhan or 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 Sharekhan 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.
 |  | |
| Bonanza Online Review | Sharekhan Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 2000 |
| Number of branches across India | 1784 | 1950 |
| Exchanges | NSE, BSE, MCX, MCX – SX, ICEX, USE | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹250 | ₹450 |
| Transaction Charges | Bonanza Online Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | 0.5% |
| Intraday Delivery | 0.005% | 0.1% |
| Equity Futures | 0.005% | 0.1% |
| Equity Options | ₹15 per lot | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | 0.0025% | 0.1% |
| Currency Options | ₹5 per lot | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | 0.004% | 0.1% |
| Calculate Brokerage | Bonanza Online Brokerage Calculator | Sharekhan Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for intraday, Delivery@interest | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 3 times for intraday | Upto 2 times for Intraday |
| Equity Options | No leverage for buying, upto 2 times for shorting | No Leverage |
| Currency Futures | Upto 2 times for intraday | No Leverage |
| Currency Options | No leverage for buying, upto 2 times for shorting | No Leverage |
| Commodities | Upto 3 times for intraday | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | Sharekhan Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat |  | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | Sharekhan Customer Care | |
| 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 | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage of Active Clients | 0.05% | 0.01% |
| Complaints | Sharekhan Complaints | |
| 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.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
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 Sharekhan or Bonanza Online for the benefits of other readers? Please feel free to share in the comments below.
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Broker Name
Sharekhan Vs Bonanza Online
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