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Bonanza Online Review by A Digital Blogger

Bonanza Online Review

Bonanza Online is one of the prominent full-service broking houses in India with a presence in 560 cities of India in around 1800 outlets (franchises and sub-broker partners). Bonanza online provides a 3-in-1 account to its clients in partnership with few national banks.

Established in the year 1994, Bonanza Online has a membership with different segment indices such as NSE, BSE, MCX, MCX - SX, ICEX, USE along with the affiliation from NDSL and CDSL. With all these memberships, Bonanza Online allows its clients to trade across:

"Bonanza Online has an active client base of 37,115 for this year 2017-18."

Along with trading in these financial segments, Bonanza Online can also help you in:

  • PMS
  • Investment Banking
  • Depository Services
  • Institutional Broking
  • Advisory Services

Bonanza Online Trading Platforms

Bonanza Online provides different trading platforms such as:

Bonanza Online My E-Trade

This is a web-based trading platform where clients can just log in with registered credentials and start trading. It is a responsive and adaptive trading platform which can be accessed through any browser or any device such as web, laptop, desktop or mobile. Some of the features of E-Trade are:

  • Highly interactive charting flows with market trends and indicators
  • The layout can be customized as per user preferences. So you can put out the kind of sectors or stocks you prefer right in front of you and keep an eye on them all the time.

The platform is powered by Omnesys and has the complete backup and support.


Bonanza Online Nest Trader

Nest Trader is the conventional trading terminal employed by multiple stock brokers and powered by Omnesys. It comes with the following features:

  • Trading screens with risk management, heat maps, market depth
  • Charting functionality with historical, intra-day and comparative trends and analysis
  • Alerts management and notifications

This terminal application is relatively bulky in size and thus, requires decent configuration of your laptop or computer for a consistent trading experience. Furthermore, the user experience provided by the application is relatively sub-optimal in nature.

Bonanza My E-Trade Mobile App

Bonanza allows its clients to trade through their mobile app My E-Trade across BSE, NSE, MCX and other registered indices.


  • Charting
  • Live market streaming, Quotes
  • Ordering Reports, Trading Reports

There have been few concerns raised regarding the mobile app speed and order placement. 


Bonanza Online Customer Service

These are the communication channels provided by the full-service stockbroker, Bonanza Online, to its clients:

  • Toll-Free Number
  • Webform
  • Offline branches

Not only the number of communication channels are limited, the full-service stockbroker provides pretty low-quality customer service. For instance, their google play store page does not see any response to the customer issues whatsoever.

Yes, during your account opening process the broker team will seem like one of the most caring ones for you. But once you are done with the account opening, you will be left more or less on your own when you have any queries, concerns, doubts or issues.

Bonanza Online Research

This full-service stockbroker provides research to its clients across different segments at fundamental as well as technical levels. This is how the broker has segregated its research:

  • Equity
    • Trading Ideas
    • Daily market strategy
    • Monthly updates
    • Investment ideas
    • Daily derivatives strategy
    • Event updates
    • Positional technical calls
  • Mutual Funds
    • Daily Reports
    • Weekly Reports
    • Monthly Reports
    • Special Reports
  • Commodity
    • Agri commodity views
    • Non-Agri commodity views
    • Monthly updates
    • Positional Calls
    • Trading Ideas
  • Currency
    • Daily forex insight
    • Trading Ideas
    • Weekly forex insight
    • Positional calls

With clean segregation, the full-service stockbroker offers around average research, recommendations and tips to its clients as far as accuracy and performance are concerned. Users are advised to perform their own analysis as well before executing any orders on the stock market.



Bonanza Online Pricing

Bonanza Online is a reasonable stockbroker when it comes to pricing. Be it account opening, maintenance, brokerage charges etc, Bonanza seems to be relatively easy on your pockets, even though it is a discount stock broker.

Here are the details:

Bonanza Online Account Opening Charges:

Bonanza is one of the very few full-service stock brokers that provide few demat and trading account opening. Furthermore, the annual maintenance charges for your demat account is ₹250, which is a pretty nominal price for AMC.

Bonanza Online Brokerage

In terms of Brokerage, there are multiple plans offered by Bonanza Online depending upon the margin money employed by the client before initiating trading. Here are the details:

Use this Bonanza Online Brokerage Calculator for complete charges and your profit

Without any upfront subscription, you get the above brokerage charges.

Plan 1000

Then there are subscription based plans where you pay a specific upfront cost and accordingly, the brokerage is applied against your trading. It starts with a minimal of ₹1000 and goes until ₹27,000 depending upon your trading preferences, capital and expectations from the stockbroker. 

Plan 3000

Subscription cost of this plan is ₹3000


Plan 7500

Subscription cost of this plan is ₹7500


Plan 27000

Subscription cost of this plan is ₹27000.



For complete information on Pricing and to check the rest of the review, you can check this Bonanza Online Review


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