English

Rating Index

Pros

Competitive flat brokerage rate of ₹18 per executed order across all segments.

Extensive network with over 1784 branches in more than 560 cities, providing strong customer support.

Offers a range of financial services including equity broking, advisory, portfolio management, and mutual funds.

Cons

Lacks proper regulation, which may raise concerns for some investors regarding safety and trustworthiness.

Charges ₹25 for call and trade services, which can add up for frequent traders.

Does not offer a 3-in-1 account option, limiting convenience for some investors.

Bonanza broker Accounts

Bonanza Account Type

Bonanza offers a variety of account types to cater to different trading needs, including:

2-in-1 Account: This includes both a trading account and a demat account, allowing seamless trading and holding of securities in electronic format.
NRI Account: Non-Resident Indians can open accounts to invest in the Indian stock market, with dedicated services available for their needs.
Commodity Account: For trading in commodities alongside other asset classes.
Mutual Fund Account: Clients can invest in mutual funds through Bonanza's platform.
Equity Account: This allows clients to trade in equity shares on various exchanges.

Bonanza Broker Account Opening Process

Opening an account with Bonanza is straightforward and can be done online or offline. Here is a step-by-step guide:

Visit the Official Website: Navigate to Bonanza's official website or download their mobile application.
Click on "Open an Account": This option will lead you to the registration form.
Register Your Details: Enter your full name, mobile number, and email address.
Verify Mobile Number: An OTP will be sent to your mobile for verification.
Upload Required Documents: This includes scanned copies of your PAN card, Aadhaar card, a cancelled cheque, and a passport-size photograph.
E-Sign the Form: Complete the e-sign process using the OTP sent to your mobile.
Document Verification: Bonanza's team will verify your documents.
Account Activation: Once verified, you will receive your account details via email, and you can start trading.

The entire process is designed to be completed quickly, often within one working day. There are no charges for opening a trading account or a demat account, and the annual maintenance charges for the demat account are ₹250 per annum.