Our research team manually verifies these brokerage rates, rules, and details directly against official SEBI disclosures and the broker's active tariff sheets.
Shoonya (by Finvasia) Review 2026
The pioneer of true zero brokerage in India across all segments and without upfront fees.
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Our Analyst Recommendation
Shoonya (by Finvasia) is rated 8.5/10 and stands out as a leading discount stock broker in India. It is highly recommended for Algo traders and extremely cost-conscious volume traders. However, day traders or long-term investors should consider specific charges: equity delivery is Rs 0 and AMC is Free.
Scorecard Metrics
Corporate Background & History
Finvasia launched Shoonya to democratize trading, offering API access and trading completely free of brokerage.
Who Should Choose Shoonya (by Finvasia)?
Algo traders and extremely cost-conscious volume traders.
Tariff Sheet & Pricing Structure
| Account Onboarding | Free |
|---|---|
| Equity Delivery | Rs 0 |
| Intraday Brokerage | Rs 0 |
| Futures & Options | Rs 0 |
| Commodity Trading | Rs 0 |
| AMC (Annual Fees) | Free |
| Regulatory / DP Charges | Exchange transaction charges only |
*Note: Regulatory GST, Stamp Duty, and SEBI turnover taxes are applied extra. You can calculate your exact transaction-wise costs using our dedicated Shoonya (by Finvasia) Brokerage Calculator →
Trading Platforms & Infrastructure
- Web Browser Interface: Modern, fast, browser-based trading platform with TradingView charts.
- Mobile Trading App: Highly rated mobile app available on iOS and Android with biometric login.
- Desktop Pro Terminal: Installable desktop terminal for high-frequency traders.
App Interface & Charts Gallery
A preview of the high-fidelity chart analytics, buy/sell slips, and portfolio tracker modules available on Shoonya (by Finvasia):
Technical Features Matrix
Broker Strengths (Pros)
- ✅ 100% Zero Brokerage no strings attached
- ✅ Free API access
- ✅ Zero AMC
Broker Limitations (Cons)
- ❌ UI is dated compared to modern fintechs
- ❌ Customer service heavily delayed
The Final Verdict
Who Should Avoid: Beginners needing an intuitive, bug-free, highly polished app experience.
Shoonya (by Finvasia) is a robust and dependable choices for retail investors, but active options scalpers or traditional traders requiring offline branch managers might prefer alternative banking systems.