Bonanza Broker Review

　　

Bonanza 2025 Review: Everything You Need to Know

　　In the competitive landscape of stockbroking in India, Bonanza Portfolio stands out as a notable player. Established in 1994, Bonanza has carved a niche for itself as a full-service broker, offering a range of financial services including equity trading, advisory services, and portfolio management. This review synthesizes various insights from multiple sources to provide a comprehensive overview of Bonanza's offerings, user experiences, and overall reputation in the market.

　　Note: It is important to be aware that Bonanza operates under different entities across regions, which may affect the services and regulatory compliance experienced by users in various jurisdictions.

　　

Ratings Overview

Category	Rating (out of 10)
Account Conditions	8
Tools and Resources	7
Customer Service and Support	6
Trading Setup	7
Trust Level	7
User Experience	6

　　We score brokers based on a combination of user reviews, expert opinions, and factual data.

　　

Broker Overview

　　Bonanza Portfolio is a well-established financial services provider based in Mumbai, India. Founded by Shiv Kumar Goel and Satya Prakash Goel, it has grown to operate over 1784 branches across 560 cities in India. Bonanza offers a variety of trading platforms, including the web-based Bonanza My E-Trade and mobile applications for both Android and iOS. The broker facilitates trading in equities, derivatives, commodities, and currencies, and is registered with the Securities and Exchange Board of India (SEBI).

　　

Detailed Breakdown

　　

Regulated Regions

　　Bonanza primarily operates within India and is regulated by SEBI. However, its operations may vary in other regions, which could lead to discrepancies in user experience and service availability.

　　

Deposit/Withdrawal Currencies

　　Bonanza accepts deposits in Indian Rupees (INR) for trading. However, it does not support cryptocurrency transactions, which may limit options for users interested in digital assets.

　　

Minimum Deposit

　　While Bonanza does not specify a minimum deposit requirement for opening an account, users should be aware of the trading costs associated with each transaction.

　　

Promotions

　　Bonanza does not currently offer any significant promotional bonuses or incentives, focusing instead on competitive brokerage rates, which are set at a flat rate of ₹18 per executed order across various segments.

　　

Tradable Asset Classes

　　Users can trade in a diverse range of asset classes, including:

• Equities
• Currency and commodity derivatives
• Mutual funds
• Initial Public Offerings (IPOs)

　　

Costs (Spreads, Fees, Commissions)

　　Bonanza's structure is straightforward, charging ₹18 per trade for various asset classes, including equity delivery, intraday, and derivatives. Additionally, it imposes transaction fees and GST, which should be factored into total trading costs.

　　

Leverage

　　Bonanza offers leverage options, allowing traders to amplify their market exposure. For instance, equity delivery can go up to 8x leverage, while intraday trading can reach up to 12x.

　　

Allowed Trading Platforms

　　Bonanza supports various trading platforms, including its proprietary web and mobile applications. However, it does not offer popular platforms like MT4 or MT5, which some traders might prefer.

　　

Restricted Regions

　　While Bonanza primarily operates in India, it does not facilitate trading in foreign stocks or cryptocurrencies, which may limit its appeal to international investors.

　　

Available Customer Service Languages

　　Bonanza provides customer support primarily in English and Hindi, catering to a broad audience in India.

　　

Repeated Ratings Overview

Category	Rating (out of 10)
Account Conditions	8
Tools and Resources	7
Customer Service and Support	6
Trading Setup	7
Trust Level	7
User Experience	6

　　

Detailed Analysis of Ratings

• 　　Account Conditions (8/10): Bonanza offers a competitive account setup with zero account opening charges for trading and demat accounts. The annual maintenance charge (AMC) for the demat account is ₹250, which is reasonable compared to industry standards.

• 　　Tools and Resources (7/10): The broker provides a variety of trading tools and resources, including market research reports and trading software. However, the absence of advanced platforms like MT4 or MT5 may deter some traders.

• 　　Customer Service and Support (6/10): While Bonanza has a robust presence across India, user feedback indicates that customer service could be improved. Many users report delays in response times and limited support options, which can be frustrating.

• 　　Trading Setup (7/10): The trading experience with Bonanza is generally positive, thanks to its user-friendly platforms. However, some users have noted occasional technical glitches that can disrupt trading.

• 　　Trust Level (7/10): Bonanza is a SEBI-registered broker, which adds a layer of trust. However, there have been complaints regarding customer service and unresolved issues, which may affect overall trustworthiness.

• 　　User Experience (6/10): Overall user experience is mixed, with many appreciating the low brokerage fees but expressing concerns over customer support and technical issues.

　　In conclusion, the Bonanza review indicates that while the broker has many strengths, such as competitive pricing and a wide range of asset classes, there are areas that require improvement, particularly in customer service and technology. Investors should weigh these factors carefully when considering Bonanza as their brokerage partner.