Rating:** 3.5/5 based on user reviews

Type of Account Offered: 2-in-1 trading and demat account for both residents and NRI customers

As a leading full-service broking house, Bonanza Portfolio provides e-trading services to its clients, offering a range of financial products, including stocks, derivatives, commodities, currencies, mutual funds, fixed-income products like debts & bonds, and PMS. With over 3 decades of experience, the brokerage firm has established itself as a reliable and trustworthy player in the Indian financial market.

Bonanza Portfolio Trading & Demat Account:

The broker offers a 2-in-1 account feature that facilitates trading and demat services for its clients. The Demat account is zero-account-opening fee-based, with no maintenance charges. This makes it an attractive option for investors who want to start trading and investing without incurring additional costs.

Bonanza Portfolio NRI Trading Account:

The broker caters to the investment requirements of NRI customers by providing a dedicated NRI trading account feature that offers:

  1. Investing in stocks listed on BSE and NSE
  2. Investment in IPOs
  3. Investment in mutual funds
  4. Portfolio management services (PMS)

How to Open Bonanza Portfolio Account Online:

To open an online trading and demat account with Bonanza, follow these steps:

  1. Visit the official website or download the Bonanza app
  2. Tap on the "Open an Account" option
  3. Register with your mobile number, name, and email ID
  4. Verify your mobile number with OTP
  5. Upload scanned copies of required documents
  6. E-sign the account opening form with Aadhaar-based OTP

Alternatives to Bonanza Portfolio:

  1. Zerodha - No. 1 Broker in India with free demat account, 100% free delivery trade, and online account opening.
  2. Upstox - A popular discount broker offering a range of trading products and services.

Bonanza Portfolio Trading Pros:

  1. Complete spectrum of trading and investing products
  2. MyEtrade trading platform
  3. Competitive brokerage at Rs 18 per executed order
  4. Advanced intraday & historical charts
  5. Select Advantage, a bucket of quality stocks curated by the Bonanza research team
  6. Trading tips, positional calls, investment ideas, and mutual fund research
  7. Facilitates NRI trading
  8. Place after-market order (AMO)

Bonanza Portfolio Trading Cons:

  1. No bracket order (BO) and cover order (CO) facility
  2. No 3-in-1 account opening facility
  3. No GTT order

Bonanza Portfolio Customer Care Info:

The broker offers a range of customer care channels, including:

  1. Customer care phone number: 022-68363775 | 022-68363739 | 022-68363708
  2. Customer support email: [email protected]
  3. Toll-free number: Not available
  4. Offline branch support at over 560 cities across India and the UAE

Final Thought about Bonanza Portfolio:

With a rating of 3.5/5 based on user reviews, Bonanza Portfolio can be considered a trustworthy and reliable financial brokerage house. However, it still lags behind in terms of client base. To expand its customer base, the broker must work on the quality of its customer service.

Last Updated: August 21, 2023