Bonanza Portfolio has been in the business for a very long time and has created an extraordinary impact on the industry.
They have been providing unparalleled support to the traders and helping them to trade profitably. The broker house is counted amongst the top ones in the country and has a large client base.
In this article, Bonanza Portfolio Review is discussed very nicely, covering all the essential points. Here you can learn about the brokerage charges, account opening charges, services, products, offers, research and advisory, customer care details, advantages, trading platforms, and their features, ratings, etc. of the broker house.
|Bonanza Portfolio Highlights|
|Broker Type||Discount Broker|
|Demat Account AMC||Rs.250 per annum|
|Intraday Brokerage||0.01% of Rs.18 per Trade|
|Delivery Brokerage||0.1% or Rs.18 per Trade|
What do you know about Bonanza Portfolio?
In this section of the Bonanza Portfolio Review, we shall discuss the company profile. It is a privately-owned company of India and has its headquarter in Mumbai, Maharashtra. Bonanza Portfolio is a discount broker house that has been providing commendable services.
It was jointly established by Shiv Kumar Goel and Satya Prakash Goel in 1994. Bonanza Portfolio owns some of the best business strategies that help the clients in earning good profit.
|About Bonanza Portfolio|
|Know few details about Bonanza Portfolio|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Discount Broker|
|Where is the registered office of Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Shiv Kumar Goel, Satya Prakash Goel|
|When did the company started?||1994|
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What are the various Demat Account Opening Charges levied by Bonanza Portfolio?
You will get some of the best facilities for trading if you Open Bonanza Portfolio Demat Account. The Depository Participant involved with the broker house is CDSL which is registered with SEBI. The Bonanza Portfolio Account Opening charge is zero.
The company levies only Rs. Two hundred fifty as the annual maintenance charge for DEMAT account and that for the Trading account is free.
There is no mandatory initial margin amount that a client needs to maintain with the broker house. Bonanza Portfolio does not offer the facility of dematerialization to its clients.
|Bonanza Portfolio Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Bonanza Portfolio|
|Which is the Depository Participant involved?||CDSL|
|What are the Demat account opening charges?||Free|
|How much is the Demat AMC?||Rs.250 per annum|
|What is the Trading AMC?||Free|
|What is the initial Margin amount required?||Zero|
|Is dematerialization available?||No|
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Does Bonanza Portfolio provide any Offers to their Clients?
Offers are meant for attracting more number of clients, and Bonanza Portfolio does not refrain from providing them. There are advantageous offers of free DEMAT and trading accounts of the company.
Bonanza Portfolio Offers discounts on brokerage charges. Traders are also offered with flexible brokerage plans so that they can trade as per their wish.
|Bonanza Portfolio Offers|
|Here are the various offers provided by Bonanza Portfolio|
|Does the broker provide Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides flexible brokerage plan?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by Bonanza Portfolio on various Segments?
Bonanza Portfolio Brokerage Charges are very less in amount and can be easily afforded by any trader. Charges levied on equity intraday are 0.1% or Rs.18 per transaction. Brokerage on each trade of equity intraday is 0.01% or Rs. 18.
The brokerage house charges 0.01% or Rs.18 on each purchase of commodity trading and equity futures. Bonanza Portfolio levies Rs. 18 for trading a single lot of equity options and currency options.
Brokerage fees on currency futures are Rs.18 or 0.01% per trade. There is a percentage of brokerage charged on each transaction by the company.
|Bonanza Portfolio Brokerage Charges|
|Here you will find details of brokerage levied by Bonanza Portfolio on all segments|
|What are the Equity Delivery Charges?||0.1% or Rs.18 per Trade|
|What are the Equity Intraday Charges?||0.01% of Rs.18 per Trade|
|How much brokerage charged for Commodity Trading?||0.01% of Rs.18 per Trade|
|What is the brokerage on Equity Futures?||0.01% of Rs.18 per Trade|
|How much brokerage charged for Equity Options?||Rs.18 per lot|
|What is the brokerage on Currency Futures?||0.01% of Rs.18 per Trade|
|What is the brokerage on Currency Options?||Rs.18 per lot|
|How much is the Minimum Brokerage requires?||As per Transaction|
|What is the Demat AMC?||Rs.250 per annum|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||Zero|
Does Bonanza Portfolio levy any other charges apart from Brokerage?
Yes, the broker house does levy some very minimal percentage of charges besides their brokerage fees. Bonanza Portfolio Charges 0.00275% of the total profit on each transaction.
Charges for STT are 0.0126% and that for SEBI turnover is 0.0002% of the total turnover. The stamp duty levied by Bonanza Portfolio is very less in amount, and that depends on the state the transaction is taking place. The company charges 18% of GST on each sale.
|Bonanza Portfolio Charges|
|Get deep understanding of all other charges levied by Bonanza Portfolio|
|How much is the Transaction Charges levied?||0.00275% of Total Turnover|
|What are the STT charges?||0.0126% of Total Turnover|
|What are the SEBI Turnover charges?||0.0002% of Total Turnover|
|How much is the Stamp Duty levied?||Depends on State (very minimal)|
|How are the GST charged?||18% of (Brokerage + Transaction Charges)|
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What is the Limit or Exposure offered by Bonanza Portfolio?
Bonanza Portfolio Exposure on equity delivery is up to 8 times. Leverage on equity intraday is quite high, and it is up to 12 times. Limit on trading equity futures is up to 6 times and that on equity options is up to 5 times.
Bonanza Portfolio Margin allowed on currency futures, and currency options are moderate and are up to 3 times. The brokerage house exerts a limit of up to 5 times on trading commodity.
|Bonanza Portfolio Exposure or Leverage|
|Here you will find the exposure or limit provided by Bonanza Portfolio|
|How much is the limit on Equity Delivery?||Upto 8x|
|What is the limit on Equity Intraday?||Upto 12x|
|How much is the limit on Equity Futures?||Upto 6x|
|What is the limit on Equity Options?||Upto 5x|
|What is the exposure on Currency Futures?||Upto 3x|
|How much is the leverage on Currency Options?||Upto 3x|
|What is the limit on Commodity Trading?||Upto 5x|
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How to Open Bonanza Portfolio Demat & Trading Account?
If you are planning to Open Bonanza Portfolio Demat Account and trading account, then keep a watch on this section. Here you will find all the steps involved in the account opening procedure nicely discussed.
A DEMAT or trading account of Bonanza Portfolio can be easily opened online, and the client does not need to put in much effort. The whole procedure is very much uncomplicated and can be completed within a few minutes.
- Just below the Bonanza Portfolio review, there is a button placed which you will have to click on
- As soon as you click on the button, a pop-up will get opened
- After filling up all the fields of the form submit it in the place allotted
- Then the company will verify your KYC documents
- For KYC verification process, the company will ask to scan and upload the original documents of yours
- The list of KYC documents includes AADHAAR card, Voter ID card, PAN card, address proof, bank account’s summary, etc
- After your KYC documents are verified, the representatives of Bonanza Portfolio will call you and guide you henceforth
- Your DEMAT account will get activated after the whole procedure is completed
To Open Bonanza Portfolio Trading Account follow all the steps carefully as mentioned above
What are the various Trading Platforms provided by Bonanza Portfolio?
There are three types of Bonanza Portfolio Trading Platforms available to the clients. They are the most excellent examples of innovation and prove very helpful for the traders while trading. They have various types of features in-built and are incredibly flexible. Below you will find some useful details about the trading platforms of Bonanza Portfolio.
Bonanza Portfolio Trading Terminal: Bonanza Odin Diet Exe
The Company has designed the Bonanza Portfolio Trading Terminal in such a manner that the traders can use it very easily. It is meant for both Windows and Mac desktops and laptops
Bonanza Portfolio Web Trading Platform: Bonanza My E-Trade Web
The broker house maintains a robust web-based trading platform, but that can only be operated from the computer and not mobile phones. This trading platform operated by Bonanza Portfolio can be opened from any web browser
Bonanza Portfolio Mobile App: Bonanza My E-Trade App
Bonanza Portfolio Mobile App allows the users to get a thorough detail of the whereabouts of the stock market. It is brilliantly designed and works very smoothly
|Bonanza Portfolio Trading Platforms|
|Here you will find all the important trading platforms available with Bonanza Portfolio|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Bonanza Portfolio Trading Applications?
The various features of Bonanza Trading Platforms are provide below.
Bonanza Portfolio Trading Terminal: Bonanza Odin Diet Exe Features
- It is capable of updating the customers with the current status of the stock market
- Portfolio details of the clients are available on this trading terminal
- Traders can go online and buy mutual funds
- Bonanza Portfolio Trading Terminal provides research reports
- Traders can seek personal advice regarding trading various products
- Indices of the whole world can be viewed from this trading terminal
- There are options for managing multiple trading accounts
Bonanza Portfolio Web Trading Platform: Bonanza My E-Trade Web Features
- This web-trading platform works perfectly on personal computers
- It can share the research report prepared by the broker house
- Bonanza Portfolio Web Trading Platform allows clients to buy mutual funds over the internet
- Traders can get the latest updates of the stock market through this online trading platform
- They can also view the indices of other nations
- Clients can opt for receiving SMS and email alerts through this trading platform
Bonanza Portfolio Mobile App: Bonanza My E-Trade App Features
- This mobile app can share live data of the stock market
- It is capable of providing interactive chartings and research reports
- Bonanza Portfolio trading App is very easy to use and runs flawlessly
- Traders can trade in mutual funds directly from their Smartphones through this app
- The broker house sends relevant notifications to the clients in the form of SMS alerts and email alerts through this app
- Indices of all the big nations of the world are available in the app
- Mutual fund trading is made easy through this mobile application
- Multiple trading and DEMAT accounts of a client can be managed
- Bonanza Portfolio allows traders to check their portfolio through the app
|Bonanza Portfolio Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Bonanza Portfolio|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||No|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||No|
|Do this software’s provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||Yes|
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What are the various Products provided by Bonanza Portfolio?
The experts in the broker house first research on the products and then offer them to the clients. This helps then clients in making the maximum amount of profit.
Bonanza Portfolio Products include equity, commodity, currency, options, and futures. The company offers to trade in Mutual Funds along with SIP.
|Bonanza Portfolio Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Bonanza Portfolio?
Bonanza Portfolio Services are very helpful in conducting business effortlessly. There are DEMAT and trading services offered by the broker house along with IPO services.
Clients can also avail intraday services from Bonanza Portfolio. The trading exposure provided by the company is quite high, and it can reach up to 12 times.
|Bonanza Portfolio Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||No|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||No|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 12x|
Does Bonanza Portfolio provide Research & Advisory to their clients?
The company shares bonanza Portfolio Research Reports with the client. They also allow the clients to view the fundamental reports and company reports.
The stock reviews prepared by the broker house are shared with the traders that help them in understanding where to invest. Bonanza Portfolio Tips on the stock market is not available to the clients.
The company evaluates and shares IPO reports along with monthly and weekly reports. Clients can seek help from highly-qualified Relationship Managers. Bonanza Portfolio Advisory offline is also available for the traders.
|Bonanza Portfolio Research, Advisory & Stock Tips|
|Here are the various research activities done|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analysing Annual Reports of Companies?||No|
|Do they share Company Stock Review?||Yes|
|Are they sharing Free Stock Tips to their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||No|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of Bonanza Portfolio?
Bonanza Portfolio Customer Care helps clients by providing them with dedicated dealers. The company allows both online trading and offline trading to the clients who can choose according to their convenience.
Customer care team is on call 24 hours a day and solves all the problems very fast. Bonanza Portfolio maintains no branch across the country, and all of its operations take place online.
|Bonanza Portfolio Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||No|
Are there any Complaints filed against Bonanza Portfolio by their clients?
As per the latest record, the total number of Bonanza Portfolio Complaints lodged in BSE is 135. The company has managed to clear off 106 complaints filed in BSE. In NSE, there are 114 complaints, and 89 are resolved amongst them.
|Bonanza Portfolio Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||135|
|How many of these complaints have been Resolved in BSE?||106|
|What is the total number of Complaints Lodged in NSE?||114|
|How many of these complaints have been Resolved in NSE?||89|
What are the Advantages / Benefits of Bonanza Portfolio Trading Account?
- You need not pay any charge for opening a Bonanza Portfolio Trading Account
- The brokerage charges on various segments are unbelievably low
- Traders need not maintain any amount of margin money with Bonanza Portfolio
- Clients get discounts on brokerage fees and are provided with flexible brokerage plans
- The three trading terminals of the company are robust and offers the latest updates of the stock market
- Bonanza Portfolio offers intraday and IPO services to the clients
- Traders get a high trading exposure of up to 12 times
- The customer service team is very helpful and provides dedicated dealers to the clients
- Traders get useful advice from the company when they ask for
What are the Bonanza Portfolio Review & Ratings as per their Customer?
Bonanza Portfolio Ratings for stock market research and broking advisory is 6.2 points, and that for brokerage and other charges are 6.1 points. Ratings received for the products and services are 6.5 points.
Clients have given 6.2 points to the trading platforms of Bonanza Portfolio. The broking experience of the company has fetched 6.5 points.
As per the Bonanza Portfolio Review from traders, the company has got an average rating of 6.3 points and three stars. Six hundred seventy-one people have given their opinion in this survey.
|Bonanza Portfolio Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.2/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||6.1/10|
|Types of Products & Services the Brand provides||6.5/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.2/10|
|Experience in the Broking Business||6.5/10|
|Total Avg. Rating of Broking House||6.3/10|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||671|
Bonanza Portfolio Conclusion
The main aim of this Bonanza Portfolio Review is to enlighten the traders about this broking house. It has nicely explained each and every important detail of the company.
If you are satisfied with the review, then you should hurry up and open a trading account with Bonanza Portfolio.
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