Bonanza Portfolio Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Bonanza Portfolio Review here. The term “My Etrade,” powered by “Bonanza Portfolio Ltd,” is well-known in the trading community.

This firm has been a leader in the discount broker industry for over 25 years, making it the most notable in the country.

It’s one of the country’s top five fastest-growing financial services organizations. 1994 the corporation was founded, with its headquarters in Mumbai.

It was founded by Shiv Kumar Goel & Satya Prakash Goel. This article aims to provide in-depth information on its brokerage, support, etc.

We will also talk about the various Bonanza Portfolios charges.

Why Trade or Invest with Bonanza Portfolio?

Here are some of the reasons to trade or invest with a Bonanza Portfolio Account:

• Bonanza is a reputable Full-Service Broker, and there are several benefits to trading or investing with them.
• Bonanza offers a wide variety of services to its more than 50,000 customers.
• A one-time fee of Rs. 300 to open the account and an AMC of Rs. 400 yearly.
• Trading with them can save you money because their delivery and intraday fees are only 0.25 per cent and 0.02 per cent of the transaction amount, respectively.
• Investors looking for extensive support and low transaction costs will find Bonanza a compelling alternative because of the company’s full-service business strategy.

The Bonanza Portfolios brokerage charges are as follows:

• There are no monthly fees for Bonanza’s Basic Plan. The brokerage fee for stock delivery is 0.25% of the transaction amount.
• Also, it is just 0.025% for equity intraday, equity futures, commodity futures, and currency futures.
• There is a flat brokerage fee of Rs. 25 per lot for trading equity, commodities, and currency options.
• The prices for individual trades may affect the total cost of trading on Bonanza’s platform.

Bonanza Portfolio Calculator

Calculate Brokerage Charges of Bonanza Portfolio.

How to Open a Bonanza Portfolio Demat Account?

For opening a Bonanza Portfolio Demat Account, you need not look further. Here is how you have to do it:

• Include your name, phone number, email address, and city in the account opening form below.
• After some time, a Bonanza Portfolio executive will contact you to assist you in creating an account.
• You must provide proof of identity through a valid passport, driver’s license, AADHAAR card, bank statement, or other official document.
• When this is complete, they will activate your account and send your login details to the address you provided at signup.

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Bonanza Portfolio review also states that you can trade with their Android and iOS apps. Both apps are developed for traders seeking a feasible solution for daily trading activities.

Also, traders who prefer to trade from their computers can use a web platform or a trading terminal. Bonanza Portfolio provides a place for people who want to invest in mutual funds.

Bonanza Portfolio is a brokerage firm that offers investors and traders various trading platforms and tools to meet their needs.

Let’s look at the Bonanza Portfolio app, trading platforms, and their features in more depth.

Bonanza Portfolio App:

The Bonanza Portfolio app is handy for keeping tabs on the markets from any location. Many individuals can use its functions because it is compatible with Android and iOS smartphones.

The app’s intuitive design makes it simple for traders to place orders, research the market, and oversee their holdings from any mobile device.

• The app includes many of the same tools found on the trading terminal and website.
• With just one app, you may trade whenever and anywhere you choose from the convenience of your mobile device. These are some of the features:
• Check the market in real-time with this live feed.
• Recent news articles are available.
• The mobile app allows for trading across all market segments.
• It may be accessed from any Android device.
• Notifications can be sent by email or text message.

Bonanza Portfolio Web Trading Platform:

• Using our online platform, you may trade stocks from any location during market hours.
• It provides one of the quickest and most trouble-free trading experiences globally at the lowest possible price and with the most flexibility. Its unique qualities include –
• You may use this medium to participate in any of the markets where Bonanza participates. Thus, this online platform enables trading in any market category.
• The site’s technical analysis charts and historical data are among the most reliable.
• If you need assistance with trading, please contact the helpdesk.
• Video tutorials are available to help you get familiar with the platform and the trading procedure.
• You can access it via a mobile phone, a tablet, a desktop computer, or a laptop.

Bonanza Portfolio Trading Terminal:

• It’s a consolidated trading platform for all your financial products in one convenient location.
• With a few clicks, users get access to a plethora of resources, including research papers, fundamental calls, intraday calls, and many more facilities.
• With the platform’s built-in technical indicators, charts, and historical data, you can make more informed trading decisions and better predict market movements.
• You may add or remove as many stocks as you like from your market watch, and you can make changes whenever you choose.

The Bonanza Portfolio offers that are exciting are as follows –

• Bonanza Portfolio has different brokerage plans that are easy to change.
• There are also free research reports and trading calls.
• They offer options for margin funding and pledging, paying Rs.250 per client referred.
• There is no free account opening, no free AMC, and no free brokerage.
• There is also no zero brokerage for trades that lose money and no free trading at certain times.

Bonanza Portfolio SWOT Analysis

Here is the detailed analysis for SWOT analysis for Bonanza Portfolio:

Strength

• Clients may diversify their portfolios using Bonanza Portfolio’s many investing opportunities across equities, commodities, currencies, and options.
• They may attract frugal traders and investors because no membership fees are associated with their Basic Plan.
• The cheap brokerage fees for equities intraday and futures trades may entice frequent traders, increasing the number of trades executed.
• Bonanza is a well-known name in financial services, and its customers know they can put their trust in the company.
• They help customers make educated financial selections by providing research reports and consulting services.

Weakness

• Poor management of customer services can hurt satisfaction and loyalty.
• Clients’ trading experiences might be negatively impacted by their platform’s technological or user interface flaws.

Opportunities

• Bonanza can benefit from the rising number of retail investors interested in the stock market.
• To compete in today’s digital marketplace, businesses must embrace digital transformation by investing in cutting-edge trading technology and user-friendly platforms.
• Expanding advisory services is one way Bonanza may set itself apart from the competition and better meet the needs of customers looking for expert advice.

Threat

• Changing rules in the financial sector could affect how the company runs and what it needs to do to stay in compliance.
• Changes in the financial markets can affect trading volumes and revenues, hurting a company’s ability to make money.

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The Bonanza Portfolio trading account states that:

• Bonanza Portfolio has detailed fundamental and research reports, reports on initial public offerings (IPOs) and technical information.
• Even though they don’t offer company-specific or annual reports, they offer stock tips and a relationship manager service.
• But they don’t do market reviews or robo-advisory services every day, week, or month.

The Bonanza Portfolio margin is as follows:

• Different trading segments in Bonanza Portfolio have other margin multiples.
• A margin of 1x is given for Equity Delivery.
• Equity intraday trading lets you use up to 5x margin leverage, depending on the stock. The margin for Equity F&O Carry Forward is 1x, while the margin for Equity F&O Intraday trading is 1.3x.
• There is a 1x margin for Commodity F&O Carry Forward and a 1.3x margin for Commodity F&O Intraday. A margin multiple of 1x is used for currency F&O trading.

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If you have any questions or concerns with trading, you may contact Bonanza Portfolio Customer Care for assistance.

However, there is a fee associated with that. The specialized assistance for dealers is also chargeable. You may contact us by calling 8045025790 or sending an email to [email protected].

You can connect with Bonanza Portfolio through social networking platforms, including Facebook, Twitter, LinkedIn, and Telegram.

Only 23 Bonanza Portfolio Complaints have been lodged, out of which 21 have also been resolved. The ratio of resolved complaints is 91.30%, which is close to industry standards.

Bonanza Portfolio Charges

When a new client opens an account with Bonanza Portfolio, they must pay Rs. 300 for Bonanza Portfolio account opening charges.

They also charge an Annual Maintenance Charge (AMC) of Rs. 400 per year to keep the trading account running.

Apart from brokerage charges, and account opening and maintenance charges, there are certain charges such as STT and CTT charges which are –

• The equity delivery fee is 1% levied on buy and sell transactions.
• For equity intraday trades, 0.025% is charged on the sell transaction.
• The charge on sales of equity futures is 0.0125 %.
• There is a 0.125% fee on purchases of the equity option and a 0.0625% fee on sales.
• The sell transaction fee for Commodity Futures is 0.01%.
• The sell transaction fee for a commodity option is 0.05%.
• For the currency F&O segment, there are no STT or CTT charges.

Stamp duty charges vary between 0.0001% and 0.015% depending on the segment you are trading or investing in.

Similarly, transaction charges also vary from 0.0005% to 0.05% depending on the segment and products.

The Bonanza Portfolio hidden charges include SEBI turnover charges at Rs. 10 per crore of trade for all the segments, DP charges, GST, account closure, dematerialization, and reactivation charges.

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Bonanza Portfolio Review – Conclusion

This was a detailed Bonanza Portfolio review, and we hope to have answered most of your queries.

The company aims to continue growing and improving until it is the country’s largest and best stockbroking and financial service.

They make a concerted effort to provide services to as many people as possible. There are a few things that the company can only patch shortly to improve the product for customers.

FAQs on Bonanza Portfolio

Below we have listed the FAQs related to the Bonanza Portfolio Review.

Is Bonanza Portfolio a Safe Broker?

SEBI regulates Bonanza Portfolio & hence they are a very safe broker. Their complaint resolution percentage is above 90%. Hence, they are safe.

Is Bonanza Portfolio Good for Beginners?

Bonanza Portfolio is perfect for beginners because the broker provides attractive offers for newbies.

How many active clients does Bonanza Portfolio have?

Bonanza Portfolio has 50,000+ active clients, and this is a very decent number.

Who is the Founder of Bonanza Portfolio?

Shiv Kumar Goel & Satya Prakash Goel is the founder and promoter of this well-established broker.

Does Bonanza Portfolio provide Free Delivery Trading?

The broker charges 0.25% of the total transaction value for delivery trading; hence, it is not free.

What are Intraday Trading Charges in Bonanza Portfolio?

Intraday trading charges are 0.025% of the transaction value.

What are Bonanza Portfolio F&O Charges?

The broker charges Rs.25 per lot for Equity Options & 0.025% of the transaction value for Equity Futures.

Does Bonanza Portfolio charge for Commodity Trading?

Yes, the brokerage charges for commodity options are Rs.25 per Lot & for Commodity Futures are 0.025% of the total transaction value.

Does Bonanza Portfolio charge for Currency Trading?

Yes, Bonanza Portfolio charges Rs.25 per Lot for Currency Options & 0.025% on Currency Futures.

Does Bonanza Portfolio provide Research?

Yes, the broker provides fundamental reports, research reports, occasional stock tips, IPO reports & also provides RMs.

How to contact Bonanza Portfolio Customer Care?

You can contact Bonanza portfolio via multiple mediums, e.g. Emails, Calls, Facebook, Website & more.

How much is AMC in Bonanza Portfolio?

Bonanza Portfolio AMC is Rs.400 per Year. This is very similar to other brokers.

What is Account Opening Fees in Bonanza Portfolio?

The stock broker charges Rs.300 for account opening.

What are Pledge Creation Charges in Bonanza Portfolio?

Bonanza Portfolio levies pledge creation charges, which is 0.02% of the total transaction value.

How much are Pledge Invocation Fees in Bonanza Portfolio?

The Pledge Invocation Fee is the same as the pledge creation fee, i.e. 0.02% of Value.

Does Bonanza Portfolio levy any Interest on Margin Trade Funding?

The Interest on Margin Trading is 0.07% per day.

What are DP Charges in Bonanza Portfolio?

The DP Charges for Bonanza Portfolio are Rs.25 per Scrip on Sell.

Does Bonanza Portfolio levy any Account Closure Fees?

They charge nothing for account closure.

What are Account Reactivation Fees in Bonanza Portfolio?

The Account Reactivation fees in Bonanza Portfolio are free.

What are Call & Trade Charges in Bonanza Portfolio?

The Call & Trade Charges in Bonanza Portfolio are free.