Bonanza Online Review 2021, Brokerage Charges, Trading Platform and More

Bonanza Online was founded in 1994 and it is one of the oldest Indian share brokers. Bonanza Online portfolio ltd is a registered member of all exchanges like NSE, BSE, MCX, ICEX & USE. It is registered as a depository participant with an NSDL/CDSL.

Bonanza Online is a full-service broker and offers research & Tips, Training & Education, 3 in 1 account, Relationship managers to its customers. They have a huge network of Branches & franchise in all across India.

Customer care support provided by bonanza is very good and they offer a product like Currency Derivatives, Mutual Fund, IPO, Insurance, Fixed Deposit, PMS, Equity & Derivatives, Institutional Broking, Depository, E-broking.

Key Features:

  • Multiple investment options with a single window.
  • High-quality research and advisory.
  • Trading software is fast and easy to operate.
  • Branches are avaialble in majors cities.
Demat AccountNSDL/CDSL.
Trading ExchangesNSE,BSE,MCX-SX,MCX,NCDEX.
Broker TypeFull-Service Broker.

Bonanza Online Account opening fees.

Trading Account.NA.
Demat account.Rs 950.
Commodity Account.Rs 150.
Trading Annual maintenance charges (AMC).Rs.o.

Bonanza Online Brokerage Charges.

Bonanza online offers 5 different brokerage plans. All 5 plans are based on upfront subscription cost. Each brokerage plan reduces your brokerage charges. Available plans are Default plan, Plan 1000, Plan 3000, Plan 7500, Plan 27000.

Bonanza Online Brokerage charges Plan

Default Plan:

This plan will automatically activate after opening an account. No need to pay any subscription charges but brokerage is a little bit higher as compared to other plans.

Equity (Intraday).0.01% for Intraday.
Equity (Delivery).0.10% of Delivery.
Equity Futures.0.01% of Turnover.
Equity Options.Rs.20 per lot
Currency Futures.0.005% of Turnover.
Currency Options.Rs. 7 Per lot.
Commodity.0.06% of Turnover.
Commodity Delivery.0.04% of Turnover.

Plan 1000:
Subscription charges of Rs.1000 to activate this plan. The customer can some brokerage charges by using this plan. Useful for those trades having small trading volume.

Equity (Intraday).0.005% for Intraday.
Equity (Delivery).0.01% of Delivery.
Equity Futures.0.005% of Turnover.
Equity Options.Rs.15 per lot
Currency Futures.0.0025% of Turnover.
Currency Options.Rs. 5 Per lot.
Commodity.0.004% of Turnover.
Commodity Delivery.0.025% of Turnover.

Plan 3000:
Pay upfront Rs.3000 for a subscription charge. This plan offers low brokerage charges as compared to plan 1000.

Equity (Intraday).0.00375% for Intraday.
Equity (Delivery).0.03% of Delivery.
Equity Futures.0.00375% of Turnover.
Equity Options.Rs.12 per lot
Currency Futures.0.002% of Turnover.
Currency Options.Rs. 5 Per lot.
Commodity.0.0025% of Turnover.
Commodity Delivery.0.02% of Turnover.

Plan 7500:
Subscription charges of Rs. 7500 and offers you below brokerage charges for all segments. Currency traders can reduce Rs.1 per lot as compare to plan 1000 & plan 3000.

Equity (Intraday).0.00312% for Intraday.
Equity (Delivery).0.025% of Delivery.
Equity Futures.0.00312% of Turnover.
Equity Options.Rs.10 per lot
Currency Futures.0.0015% of Turnover.
Currency Options.Rs. 4 Per lot.
Commodity.0.00208% of Turnover.
Commodity Delivery.0.0166% of Turnover.

Plan 27000:
Pay Rs.27000 for subscription and get highest lowest brokerage plan of bonanza online. If your trading volume is high then this plan will save you lots of money.

Equity (Intraday).0.00281% for Intraday.
Equity (Delivery).0.0225% of Delivery.
Equity Futures.0.00281% of Turnover.
Equity Options.Rs.9 per lot
Currency Futures.0.00135% of Turnover.
Currency Options.Rs. 3.6 Per lot.
Commodity.0.00187% of Turnover.
Commodity Delivery.0.015% of Turnover.

Margins or leverage.

Equity (Intraday).Up to 10 times for intraday, Delivery@interest.
Equity (Delivery).Up to 10 times for intraday, Delivery@interest.
Equity Futures.Up to 3 times for intraday.
Equity Options.No leverage for buying,
up to 2 times for shorting.
Currency Futures.No leverage for buying,
up to 2 times for shorting.
Currency Options.Up to 2 times for intraday.
Commodity.Up to 3 times for intraday.

Trading Platforms or Software.

Bonanza online provides all three version of trading portal for online trading. Desktop based, Web-based & mobile app android and IOS users.

Trading Platform or Software.ODIN Diet.
Web-based.ODIN Diet.
Mobile Application.Yes.

Desktop Based Trading Platform: Odin Diet is the trading portal for the desktop. High edge-cutting technology. Highly recommended for active traders.

  • Multiple exchanges Real-time market data.
  • Both Single & Multi-leg Order Entry.
  • Unlimited Portfolios & Bulk Order Entry.
  • Intraday charts with so many technical indicators.

Web-Based Trading Portal: Browser-based trading platform and it is operating in all browsers like google chrome, internet explorer. firefox etc.

Mobile Applications: Bonanza Wave is the official mobile app of bonanza online. Available in both Andriod and IOS version. Available in google play store. Wave received ave 3.8-star rating from more than 100 reviews.

Bonanza Online Mobile Trading App

Open Demat Account Now

Just submit your details below. we will take care of rest.

  • lowest Brokerage
  • Highest Margin Across All Segments
  • Great Customer Care Support
  • Fast Trading Platform

Some Useful Services.

Online Trade Reports.YES.
Online PNL Reports.YES.
Intraday Chart Facility.5 Days on ODIN.
End of Day Chart Facility.5 Years on ODIN.
3 in 1 Account.NO.
Instant Fund withdrawal.NO.
Relationship Managers.YES.

Useful Details.

Price (Broker Type).Percentage-Based.
Headquarters City (Head Office).New Delhi.
Total Branches (Presence).1700 + bank branches.
Research & Tips.Yes, Research Provided.
Total Experience in Broking.21 Years of experience.
Year of Incorporation.1994.

Client Info & NRI Account opining Regulations.

Current Active Client Base?More Than 5,00,000.
NRI Account Opening Allowed Or Not.YES, It is Allowed.

Fund Transfers Service.

Number of banks linked to account.15+
Mode of payment (Withdraw &Deposit).ATOM gateway & no info for other details.
Fund Payin processing time.Instant by Payment Gateway ATOM.
Fund Payout processed (Working Days).1 Day.

Turnover & Other Charges.

Equity (Cash & Delivery).NSE: 0.00358% , BSE: 0.00358%.
Equity Futures.NSE: 0.0021% , BSE: 0.0017%.
Equity Options.NSE: 0.05515% , BSE: 0.02210% on premium.
Currency Futures.NSE: 0.00133% , MCX-SX: 0.00127%.
Currency Options.NSE: 0.04633% on premium.
Dial & Trade charges.Rs.0.
DP Transaction charge.Only Rs 25 / Per Debit Transaction.

Support & Tools Available.

Brokerage calculator.Not Available.
Margin Calculator.Not Available.
Bracket orders & Trailing stoploss.Not Available.
Cover order.Not Available.
User guide & remote end support.YES.

Reports & Confirmation.

Contract notes on Email.Yes (Register Email ID).
Contract notes online.Yes (Register Email ID).
Periodical statement on Email.Yes (Register Email ID).
Trade confirmation on Email.Yes (Register Email ID).
Trade confirmation on SMS.Yes (Register Email ID).

Additional Features.

Charting (Intraday & EOD).YES.
Coding or Backtesting (Algo Trading).Not Available.
Referral program (Affiliate).Not Available.
Training & Education.Yes, Knowledge center.
Online trading community.Not Available.

Customer Care.

Contact Details.Registered Office.
4353/4C, Madan Mohan Street,
Ansari Road, Daryaganj,
New Delhi-110002.
Tel No:- 91-11-23242022 to 26.
Corporate Office.
Bonanza House, Plot No. M-2,
Cama Industrial Estate,
Walbhat Road, Behind The Hub,
Goregaon (East), Mumbai – 400 063.
Tel No:-+91-22-30863700.
Call.Customer Care.
Call Bonanza Online Portfolio Ltd on our toll-free.
1800220252, 022-39704040.
Complaints Or

Advantages and Disadvantages of Bonanza Online


  • Multiple brokerage plan.
  • Instant fund transfer from bank account to trading account.
  • Online mutul fund.
  • High-Performance online Trading Platforms.


  • Average customer support.
  • Bracket order, Trailing stoploss orders not available.
  • Referral programm is not available.

Bonanza Online Review & Ratings

On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Bonanza Online.

Customer Experience4.5 / 5
Trading Platform / Mobile APP4.9 / 5
Services4.5 / 5
Brokerage Charges5 / 5
Fund Add / Withdrawal5 / 5 
Overall Rating4.5 / 5
Star Rating★★★★★
Review Counts1356

Sebi Registration.

NSE CM: INB 230637836.
NSE F&O: INF 230637836.
NSE CDS: INE 230637836.
BSE CM: INB 011110237.
BSE F&O: INF 011110237.
MCX-SX: INE 260637836.
USE: INE 270637833.
NSE CM: INB 230637836.

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BONANZA ONLINE full service stock broker logo


  1. pawan kumar jain
    • pawan kumar jain

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