WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Bonanza

India|5-10 years|
High potential risk|

https://www.bonanzaonline.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

India 6.04

Surpassed 15.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+91 11 40748700
customercare@bonanzaonline.com
https://www.bonanzaonline.com/
4353/4C, Madan Mohan Street Ansari Road, Daryaganj New Delhi-110002

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Bonanza · WikiFX Survey

Users who viewed Bonanza also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

FP Markets

8.88
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

IC Markets Global

9.10
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

Bonanza · Company Summary

Bonanza Information

Bonanza is an unregulated brokerage company registered in India. This firm provides a swath of investment options with its advanced trading platform (MyEtrade). Bonanza gives you optional trading fee models and round-the-clock customer support. However, its website is not intuitive compared to some other brokerages.

Bonanza Information

Pros and Cons

ProsCons
Wide selection of investment choicesNo valid regulatory certificates
Managed portfolio services availableBonanza's website can be a little confusing to navigate if you've never used it before
Multiple account types
A flat brokerage fee option (Rs 18 per executed order in spite of the trading volume)
Advanced trading platform (MyEtrade)
24/7 customer support

Is Bonanza Legit?

Bonanza currently does not hold any valid regulatory certificates. Although it is incorporated in India, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

Is Bonanza Legit?

What Can I Trade on Bonanza?

Bonanza provides a wide selection of investment options for both retail and institutional investors. Depending on your goals and risk tolerance, you can invest in:

  • Indices: Nifty 50 Index, Nifty Bank Index, Nifty IT Index, BSE Index, BSE India 50, etc
  • Stocks: India INX, NSE IFSC, Global Stocks
  • Commodities: gold, silver, copper, and crude oil
  • Currencies: Euros – US Dollars, Pound – US Dollars, Japanese Yen – US Dollars, Indian Rupees – US Dollars, etc
  • Fixed-income: Perpetual Bonds, Fixed Maturity Bonds/ Debentures, Tax-Free Bonds, Capital Gain Bonds, etc
  • Mutual funds: open-end funds, closed-end funds, equity funds, debt funds, etc

Besides, Bonanza also provides managed portfolio services and merchant banking services.

Tradable InstrumentsSupported
Indices
Currencies
Commodities
Stocks
Fixed-income
Mutual Funds
Bonds
ETFs
What Can I Trade on Bonanza?

Account Types

Bonanza offers various account types to serve investors' different needs. Here are some of its account types:

  • Demat account: this account is used to hold securities in electronic form.
  • Trading account: this account allows investors to trade in multiple asset classes, including securities, commodities, and currencies.
  • NRI trading account: this account is designed for Non-Resident Indians (NRIs) who want to invest in the Indian stock market.
  • Portfolio management service account: This account is suitable for investors who prefer professional portfolio management services.
Account Types

Bonanza Fees

Investment fees can dip into your returns, so keeping costs low might be a priority. Bonanza gives you two options to pay brokerage fees.

  • Option one: you can pay a flat brokerage fee of Rs 18 per executed order in spite of the trading volume.
  • Option two: you can pay brokerage rates which are as follows:
SegmentPer CroreIn %
Intra Day10000.01%
Futures10000.01%
Delivery100000.10%
Equity Options20 per lot
Currency5000.01%
Currency option10 per lot
Commodity6000.01%
Commodity Delivery40000.04%

Trading Platform

Bonanza offers access to equity, derivatives, currency, and commodities on a single platform, namely, MyEtrade. This platform is available on Windows, MAC, IOS, and Android devices. It offers intraday & historical charts with configurable intervals and back data.

You can get deep insights into markets and acquire information such as Market Map, Top Gainers & Losers, Most Active, etc. With its Event Calendar, you can also track upcoming results, corporate actions, and economic events.

Bonanza's website doesn't look user-friendly at first glance, Unless you know exactly what you're looking for, you might have to spend time clicking around to find what you need.

Trading PlatformSupportedAvailable DevicesSuitable for
MyEtradeWindows, MAC, IOS, AndroidInvestors of all experience levels
MT5
Proprietary platform
Trading Platform

Customer Support Options

For any questions you might have, help is available 24/7 by online chat, phone (+91 022-68363775 / 739 / 708) or email (cs.myetrade@bonanzaonline.com). You can also dig into their social media channels (Facebook, YouTube, Twitter, etc).

Contact OptionsDetails
Phone+91 022-68363775 / 739 / 708
Emailcs.myetrade@bonanzaonline.com
Support Ticket System
Online Chat
Social MediaFacebook, Twitter, YouTube, etc
Supported LanguageMultiple
Website LanguageEnglish
Physical AddressBonanza House, Plot No. M-2,Cama Industrial Estate, Walbhat Road,Goregaon (East), Mumbai 400063
Customer Support Options

The Bottom Line

Bonanza makes building a diversified portfolio easier with its wide selection of investment options. This firm could be a good option if you're looking for low-cost investing, with managed portfolios as an option. It might also catch your eye if you're interested in trading mutual funds. However, the regulatory hurdle is the biggest drawback and its website is not easy to navigate for beginners.

FAQs

Is Bonanza a regulated brokerage?

No, Bonanza is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

What account types does Bonanza offer?

Bonanza offers various account types, including Demat accounts, trading accounts, NRI trading accounts, and Portfolio management service accounts.

Does Bonanza offer managed portfolios?

Yes, Bonanza provides managed portfolio services.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.

Broker Information

Company Name

Bonanza Portfolio Limited.

Abbreviation

Bonanza

Regulatory Status

No Regulation

Platform registered country and region

India

Company address
  • 4353/4C, Madan Mohan Street Ansari Road, Daryaganj New Delhi-110002

  • 2/2 A, First Floor, Lakshmi Insurance Building Asaf Ali Road New Delhi-110002

  • Bonanza House, Plot No. M-2,Cama Industrial Estate Walbhat Road,Behind The Hub, Goregaon (East) Mumbai - 400 063

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • customercare@bonanzaonline.com

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com