• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

"Being of the oldest brokerage firm started in 1994, Bonanza has gained a lot of name &s; fame and won millions of hearts with their dedicative research work and services provided to their clients. Timely adaptability of changes happened in the economy always given Bonanza an upper-hand in comparison with other brokers. But the hidden charges and unfixed brokerage is the matter of concern for investors."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Bonanza Portfolio?

    •  High range of products available with Bonanza.
    •  Strong marketing and back end support.
    •  Dedicated market research, reports and valuable financial advisory.
    •  Huge number of Business associates all across India.
    •  Personalized Mobile application to make Bonanza more accessible.

Positives

    •  Low brokerage rates.
    •  Wide range of product and services for Investment.
    •  Percentage based plan and flat fee plan.
    •  Daily SMS report and good customer support system over call and Emails.
    •  Strong presence across India..

Needs Improvement

    •  Do not provide 3-in-1 account service..
    •  No NRI support..
    •  High Call & Trade charges @ Rs.25
    •  Non- transparent, Trade charges included, hidden charges.
Overview
Bonanza Portfolio Review  
Year of Incorporation 1994
Products -
Demat Services CDSL & NSDL
Active Exchange Memberships NSE, BSE, MCX and NCDEX
Website https://www.bonanzaonline.com/
Contact Details 1800-2666655
Total Number of Clients 34,600+
Total Number of Branches 580 cities

Bonanza is an Indian financial services and brokerage company with long experience in serving the customers all across India. The broker offers a dedicated platform with extensive research and advisory report, e-access to all the markets through single screen and many more features.

Brokerage services Bonanza provides in the areas of equity, indices, commodity derivatives and depository services. It has presence all across India in more than 1784 outlets in 560 cities.

The broker provides all the essential information to their clients on a regular basis like trading ideas, weekly newsletter, daily market strategy, monthly updates, etc. They are registered with the top exchanges for trading such as NSE, BSE, MC, MCX-SX, CDSL, NSDL, ICEX and USE, etc. It also provides a competitive analysis of the broker with other institutions.

Bonanza provides an easy option to their clients for instant credit and transfer using integrated net banking with HDFC, ICICI, etc. They have also been recognized for being Top performer in Equity segment 2012, 2ND best office in India in 2012 and most importantly, India's no 1 Financial Advisory and Stock Broking Company.

Customer care cases are handled through E-mail and phone. Confirmation of daily activities of any transaction passes on with SMS alerts.

Business associate working with Bonanza are highly efficient and provide appropriate solutions for the clients in regards with wealth management, portfolio management. Dedicated market research and analytics results greater speculation.

 

Bonanza Affiliation Details

  1. CIN : U65999DL2002PTC117180
  2. DP ID :
    • NSDL: IN-DP-NSDL-301-477
    • CDSL: IN-DPCDSL- 120-33500
    • Portfolio Manager : INP 000000985
  3. BONANZA BSE Member ID:
    • Capital Market (CM) - INB010770130
    • Future & Options (F&O) - INF010770131
  4. BONANZA MCX-SX id: INE 260637836
  5. BONANZA NSE Member ID:
    • Capital Market (CM) - INB 230637836
    • Future & Options (F&O) - INF 230637836
    • Currency Derivatives (CDS)- INE 230637836

Customers Service options offered by Bonanza

  1. Phone Number :
    • Customer Support : 18002666655
    • Call & trade:
      • 18002001002,1800103333
    • Account opening: 18002666655
  2. Email Support :
  3. Corporate Office : Bonanza House, Plot no. M-2, Cama Industrial Estate, Walbhat Road,
    Behind The Hub, Goregaon (East),
    Mumbai, 400063

Active Client Details Of Bonanza

  • 39,923+ clients.

Bonanza Account Opening & AMC Charges 2020

According to the organisational norms any individual who wants to open an account with Bonanza broker, has to pay account opening charges and annual maintenance charges accordingly as mentioned below

Trading Account / Demat opening is the onetime fee that any broker charges while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charged to maintain your account; this is yearly charges and deduct from your account even if you haven't traded for a year.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account NIL NIL
Demat Account NIL INR250

How to open the account with Bonanza?

Every trader has to create a Demat account for trading and different brokers provide their personalized accounts with different feature, similar way Bonanza broker also follow the same. Following are ways through which you can open the account with Bonanza:

  1. Visit the branch:

    You can visit any of the Bonanza broker's offices and ask them to assist you in opening account with them. Their executive and associates will assist till the end. You have to fill and submit the form and mandatory documents.

  2. Register online:

    One can click on the click mentioned in the bracket (https://www.bonanzaonline.com/myetrade/regulatory-exchange-charges.php) and can register themselves for opening an account with Bonanza brokers. This link also contains the information on the Bonanza brokers as well as MY e-trade (bonanza's extra feature for online registration and single window trading). There executive will call you for verification or to assist you.

  3. Download the form and submit

    If somebody is not comfortable with the online process, they should not worry about anything. As the company provides a better option of downloading a PDF file, filling it and submitting it to any of the Bonanza offices across India by posting it with the help of courier or any of the logistic services make it easier.

The Final Thoughts about Bonanza

With the experience and expertise of 25 years in stock broking market Bonanza brokers is one of the leading brands in India in its segment for everyone. Strong market research and extensive reach to the customers lead the organisation towards quality customer service with heavy product and service line. But somewhere the hidden charges or non-transparent brokerage for opening and managing the account gives a negative marking for Bonanza. Now the decision is upon you weather to opt for Bonanza broking services or not.

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