Fyers⭐ 9.4/10
Shoonya (by Finvasia)⭐ 8.5/10Fyers vs Shoonya (by Finvasia) Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Fyers is the Clear Winner
Fyers is the superior choice for most traders and investors due to its higher overall rating of 9.4/10 compared to Shoonya (by Finvasia)'s 8.5/10. Key strengths include Excellent TradingView integration (Fyers Web) and A robust platform beloved by technical analysts..
📊 Charges & Pricing Comparison
| Fee / Segment | Fyers | Shoonya (by Finvasia) |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Free | Free |
| Equity Delivery | Rs 0 | Rs 0 |
| Intraday Brokerage | Rs 20 or 0.03% | Rs 0 |
| Futures & Options | Rs 20 per order | Rs 0 |
| Commodity Trading | Rs 20 per order | Rs 0 |
| Other / DP Charges | DP charges apply | Exchange transaction charges only |
| Account Opening Time | 15 Minutes | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Fyers | Shoonya (by Finvasia) |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Fyers Pros & Cons
Pros
- ✅ Excellent TradingView integration (Fyers Web)
- ✅ Free API
- ✅ Thematic investing included
Cons
- ❌ No mutual fund SIPs integrated natively
- ❌ Smaller community vs Zerodha
Shoonya (by Finvasia) Pros & Cons
Pros
- ✅ 100% Zero Brokerage no strings attached
- ✅ Free API access
- ✅ Zero AMC
Cons
- ❌ UI is dated compared to modern fintechs
- ❌ Customer service heavily delayed
❓ FAQs: Fyers vs Shoonya (by Finvasia)
Which is cheaper between Fyers and Shoonya (by Finvasia)?
Fyers charges Rs 0 for delivery trades and Rs 20 or 0.03% for intraday, with an AMC of Free. Meanwhile, Shoonya (by Finvasia) charges Rs 0 for delivery and Rs 0 for intraday, with an AMC of Free. In terms of onboarding costs, Fyers is Free compared to Shoonya (by Finvasia)'s Free.
Who has a better mobile app: Fyers or Shoonya (by Finvasia)?
Fyers's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Shoonya (by Finvasia)'s mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Fyers safer to use than Shoonya (by Finvasia)?
Both Fyers and Shoonya (by Finvasia) are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Fyers has a rating of 9.4/10, reflecting their complaint ratio and client size, while Shoonya (by Finvasia) has a rating of 8.5/10.