Shoonya review
Independent review of Shoonya — brokerage, app, account opening, customer support and the kind of investor it actually fits. Shoonya is the trading and investing platform of Finvasia Securities Private Limited, a discount broker headquartered in Mohali, Punjab.
Verdict
Frequent intraday and options traders, including API users, who want brokerage capped at ₹5 per order along with free equity delivery and no demat AMC.
Brokerage at a glance
Headline brokerage on the default Shoonya flat ₹5 plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Shoonya
Shoonya is the trading and investing platform of Finvasia Securities Private Limited, a discount broker headquartered in Mohali, Punjab. Equity delivery is brokerage-free; intraday and futures cost 0.03% or ₹5 per executed order (whichever is lower) and options a flat ₹5 per order. Account opening and AMC are free for individuals, and the DP charge is ₹9 + GST per scrip.
The Shoonya trading app
- Trade stocks, F&O, currency and commodity derivatives, IPOs, ETFs and direct mutual funds
- TradingView charts with 100+ technical indicators
- Trade from the option chain, with order slicing
- Basket and bulk orders
- Screeners and analytics
- Same account on web, Windows desktop, Android and iOS
Opening a Shoonya account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at shoonya.com.
Customer support
Shoonya support is available support line: mon-fri 09:00 am - 6:30 pm, sat 10:00 am - 5:00 pm (except public holidays). For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Shoonya customer care page.
Alternatives to Shoonya
By active client count, Shoonya is the #27 largest of 40 retail brokers on the NSE (as of 2026-08-31). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Shoonya.
Shoonya is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Frequent intraday and options traders, including API users, who want brokerage capped at ₹5 per order along with free equity delivery and no demat AMC.
Equity delivery is Free. Equity intraday is ₹5 / 0.03%. Equity options is Flat ₹5. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Shoonya is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Trade stocks, F&O, currency and commodity derivatives, IPOs, ETFs and direct mutual funds. TradingView charts with 100+ technical indicators. For a full feature list and download links see the Shoonya app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://shoonya.com.
Discount brokers comparable to Shoonya include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.