Shoonya (by Finvasia)⭐ 8.5/10
Fyers⭐ 9.4/10Shoonya (by Finvasia) vs Fyers 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 | Shoonya (by Finvasia) | Fyers |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Free | Free |
| Equity Delivery | Rs 0 | Rs 0 |
| Intraday Brokerage | Rs 0 | Rs 20 or 0.03% |
| Futures & Options | Rs 0 | Rs 20 per order |
| Commodity Trading | Rs 0 | Rs 20 per order |
| Other / DP Charges | Exchange transaction charges only | DP charges apply |
| Account Opening Time | 15 Minutes | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Shoonya (by Finvasia) | Fyers |
|---|---|---|
| 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. |
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
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
❓ FAQs: Shoonya (by Finvasia) vs Fyers
Which is cheaper between Shoonya (by Finvasia) and Fyers?
Shoonya (by Finvasia) charges Rs 0 for delivery trades and Rs 0 for intraday, with an AMC of Free. Meanwhile, Fyers charges Rs 0 for delivery and Rs 20 or 0.03% for intraday, with an AMC of Free. In terms of onboarding costs, Shoonya (by Finvasia) is Free compared to Fyers's Free.
Who has a better mobile app: Shoonya (by Finvasia) or Fyers?
Shoonya (by Finvasia)'s mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Fyers'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 Shoonya (by Finvasia) safer to use than Fyers?
Both Shoonya (by Finvasia) and Fyers are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Shoonya (by Finvasia) has a rating of 8.5/10, reflecting their complaint ratio and client size, while Fyers has a rating of 9.4/10.