Shriram Insight Vs Bonanza Online – Share Brokers Comparison
Shriram Insight Vs Bonanza Online
Here is a point by point comparison of Shriram Insight 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. Shriram Insight, is a full service stock broker with a presence in around 700 different locations across India. The broker provides free account opening with reasonable brokerage rates but the quality of its service and research can be improved.
Full service brokers such as Shriram Insight 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 Shriram Insight 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
Shriram Insight Review | Bonanza Online Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service Broker |
Incorporated In the Year | 1974 | 1994 |
Number of branches across India | 700 | 1784 |
Exchanges | NSE, BSE, MCX, RCL | 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 | ₹290 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹250 |
Transaction Charges | Shriram Insights 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 | ₹50 per contract | ₹15 per lot |
Currency Futures | 0.03% | 0.0025% |
Currency Options | ₹50 per contract | ₹5 per lot |
Commodity | 0.03% | 0.004% |
Brokerage Calculator | Shriram Insight Brokerage Calculator | Bonanza Online Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Intraday upto 2 times | Upto 10 times for intraday, Delivery@interest |
Equity Futures | Same as margin | Upto 3 times for intraday |
Equity Options | Same as margin | No leverage for buying, upto 2 times for shorting |
Currency Futures | Same as margin | Upto 2 times for intraday |
Currency Options | Same as margin | No leverage for buying, upto 2 times for shorting |
Commodities | Same as margin | 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) | NetPro Desktop, NetPro Browser, Mobile App | My E-Trade, Nest Trader, My E-Trade Mobile App |
Total BSE+NSE Complaints Percentage | 0.05% | 0.05% |
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 Shriram Insight Vs Bonanza Online for the benefits of other readers. Please feel free to share in the comments below.
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