RK Global Vs Bonanza Online – Share Brokers Comparison
RK Global Vs Bonanza Online
Here is a point by point comparison of RK Global Vs Bonanza Online. 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. Started in the year 1995 in the quity markets, RK Global opened out to other segments by 2004 with PAN India presence. By 2006, RK Global was already offering e-trading options with unlimited trading plans. Now, as a discount stock broker, they have a huge presence across 24 states and 150+ locations in India.
Discount brokers such as RK Global offer trading services at much cheaper brokerage rates and reasonable customer service. 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 RK Global 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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
R K Global Review | Bonanza Online Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Full Service Broker |
Incorporated In the Year | 1995 | 1994 |
Number of branches across India | 150 | 1784 |
Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX, MCX – SX, ICEX, USE |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹50 | ₹0 |
Demat Account Annual Maintenance Charges | ₹250, First year Free | ₹250 |
Transaction Charges | RK Global Transaction Charges | Bonanza Online Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹9 per executed order or ₹999 per month for unlimited trading | 0.1% |
Intraday Delivery | ₹9 per executed order or ₹999 per month for unlimited trading | 0.005% |
Equity Futures | ₹9 per executed order or ₹999 per month for unlimited trading | 0.005% |
Equity Options | ₹9 per executed order or ₹999 per month for unlimited trading | ₹15 per lot |
Currency Futures | ₹0.99 per lot or ₹999 per month for unlimited trading | 0.0025% |
Currency Options | ₹0.99 per lot or ₹999 per month for unlimited trading | ₹5 per lot |
Commodity | ₹9 per executed order or ₹999 per month for unlimited trading | 0.004% |
Brokerage Calculator | RK Global Brokerage Calculator | Bonanza Online Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 8 to 10 times for Intraday, no leverage for Delivery | Upto 10 times for intraday, Delivery@interest |
Equity Futures | 5 times for Intraday | Upto 3 times for intraday |
Equity Options | 5 times for Intraday | No leverage for buying, upto 2 times for shorting |
Currency Futures | Upto 3 times | Upto 2 times for intraday |
Currency Options | Upto 3 times | No leverage for buying, upto 2 times for shorting |
Commodities | 5 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) | RKG DIET ODIN, RKG MOBILE TRADING | My E-Trade, Nest Trader, My E-Trade Mobile App |
Total BSE+NSE Complaints | 23 | 53 |
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 RK Global Vs Bonanza Online for the benefits of other readers. Please feel free to share in the comments below.
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