Shoonya by Finvasia Review

By TBS Team | May 18, 2024

In the rapidly changing Indian stock market, Shoonya by Finvasia, one of the best zero-commission discount brokers in the nation, stands as a strong force, reshaping how people trade and invest. Developed by the renowned Finvasia Group, a global financial services company co-founded in 2009 by Sarvjeet Singh and Tajinder Singh (ex-Wall Street banker), Shoonya represents the fulfilment of their vision for a new era of financial accessibility and innovation in the Indian Market. Checkout this Shoonya review to get their services and charges.

Finvasia itself is a rapidly growing entity with a diverse portfolio encompassing institutional services, retail segments, investment banking, real estate, and health tech. In the institutional sphere, Finvasia provides a wide array of services, including clearing, depository, asset management, lending, and brokerage services, along with cutting-edge technology solutions, extending its global footprint to more than 14 countries.

Shoonya stands out in the stock broking field as a zero-brokerage trading platform designed to provide a transparent and affordable platform for both traders and investors to engage in the Indian stock market. It offers commission-free trading across all trading segments, including stocks, mutual funds, bonds, ETFs, futures and options, currency and commodities across all the exchanges, including NSE (National Stock Exchange), BSE (Bombay Stock Exchange), MCX (Multi Commodity Exchange), and NCDEX (National Commodity and Derivatives Exchange), ensuring that users can maximise their returns without worrying about additional fees or hidden costs.

Shoonya’s dedication to transparency in brokerage costs means there are no hidden fees, making it an appealing choice. Its launch in 2013 marked a revolutionary moment in the Indian financial environment as it set itself on a mission to simplify investing, making it accessible and affordable for everyone.

Shoonya By Finvasia’s Brokerage Plans- Zero Hidden Costs

  1. Zero brokerage on equity intraday and delivery.
  • Invest hassle-free with no extra charges.
  1. Zero brokerage on futures and options.
  • Trade Futures & Options without any brokerage fees.
  1. Zero brokerage on currency and commodities.
  • Invest in multiple markets with no fees.
  1. Zero brokerage on mutual funds.
  • Invest in 3000+ Direct Commission-free Mutual Funds via SIP or lump sum.
  1. Zero brokerage on ETFs and bonds.
  • Maximise your portfolio with zero costs.
  1. Zero brokerage on IPOs.
  • Participate in new offerings with zero brokerage.
  1. Zero account opening charges.
  • Zero cost for opening Demat and Trading accounts.
  1. Zero AMC (Annual Maintenance Charges).
  • Zero cost for annual maintenance of Demat and Trading Accounts.
  1. Zero call and trade charges.
  • Place your trades over the phone at zero cost.
  1. Zero hidden charges.
  • Enjoy transparent pricing with no hidden fees.
  1. Zero trading platform charges.
  • Experience seamless trading with a multi-asset trading platform at zero cost.
  1. Zero auto-squared-off charges.
  • Pay no additional charges on auto-squared-off trades.
  1. Zero volume commitment.
  • Trade as much or as little as you want without any commitments.
  1. Zero clearing charges (NSE & BSE).
  • Trade without clearing fees on NSE & BSE.
  1. Zero charges on APIs and Algo trading.
  • Automate trading strategies with Shoonya Developers APIs – build, backtest, and execute for free across multiple assets.
  1. Zero Upfront charges.
  • No initial fees or charges to begin trading.

Charges by Shoonya

CHARGES Details
Account Opening Charges Free
Account Maintenance Charges Zero
Plan Charges Zero
Call & Trade Charges Free

Brokerage Charges by Shoonya

BROKERAGE Charges
Equity Delivery Brokerage Zero
Equity Intraday Brokerage Zero
Equity Futures Brokerage Zero
Equity Options Brokerage Zero
Currency Futures Brokerage Zero
Currency Options Brokerage Zero
Commodity Futures Brokerage Zero
Commodity Options Brokerage Zero

Margin by Shoonya

MARGINS Margin
Equity Delivery Margin 1x
Equity Intraday Margin Upto 5x
Equity Futures Margin 1x
Equity Options Margin 1x
Currency Futures Margin 1x
Currency Options Margin 1x
Commodity Futures Margin 1x
Commodity Options Margin 1x

USPs of the Shoonya Trading Platform

Shoonya solves the problem of high brokerage costs incurred by investors/traders by making financial tools accessible and affordable. It offers first-in-class features, including zero commission, zero upfront charges, zero clearing charges, zero technology fees, zero monthly maintenance charges, etc., to name a few of the 16 aspects that are totally zero. 

Shoonya’s key features include a simple online trading platform, advanced trading tools, and technical indicators to make trading a hassle-free experience.

  • Zero Brokerage Across All Segments: Shoonya allows commission-free trading across various segments, including equity intraday, delivery, futures, options, currency, commodities, mutual funds, ETFs, bonds, and IPOs.
  • Hassle-Free Account Setup: Experience an easy account setup process with no charges for opening an account and also enjoy zero annual maintenance fees.
  • Advanced Trading Tools: Gain access to a wide range of advanced trading tools, including TradingView charts, order slicing, bracket orders, basket orders, option chains, and more, empowering you to execute precise trading strategies.
  • Responsive Customer Support: Contact their customer support team via phone, email, or live chat. Additionally, you also have the option to create a support ticket for any assistance you may need.
  • User-Friendly Platform: Enjoy a seamless trading experience on the intuitive Shoonya trading platform, which is accessible on desktop, web, and mobile devices (compatible with both Android and iOS).

Products and Services Offered by Shoonya by Finvasia – Exploring the Product Basket

Shoonya by Finvasia is not your ordinary trading platform; it’s a comprehensive financial ecosystem that caters to a diverse range of investment needs. You can enjoy trading across multiple platforms, including Mobile, web and desktop EXE versions. The features remain the same for your convenience.

Here’s a closer look at the products and services it brings to the table:

Equity

  • Zero Brokerage on Equity Intraday and Delivery: Trade in equities without worrying about brokerage charges.

Commodity

  • Commission-Free Commodity Trading: Engage in commodity trading without any brokerage costs, ensuring cost-effective participation in the commodities market.

Currency

  • Currency Trading at No Extra Cost: Enjoy currency trading with zero brokerage, making it a cost-efficient option for forex traders.

Futures

  • Cost-Effective Futures Trading: Shoonya offers zero brokerage on equity futures, providing traders with a competitive edge in the derivatives market.

Options

  • Options Trading Without Fees: Trade options without incurring any brokerage charges, enabling you to explore versatile trading strategies without additional costs.

Other Investment Options Available

  • Mutual Funds
  • IPOs 
  • Bonds & Debt
  • Exchange Traded Funds

Services Offered by Shoonya Trading Platform

Shoonya by Finvasia goes beyond being just a trading platform; it’s a one-stop financial solution. Here’s what it has in store for you:

  • Depository Services: It serves as a Depository Participant with CDSL (Central Depository Services Limited), offering secure and efficient handling of your securities.
  • Asset Variety: Trade a diverse range of assets, including stocks, derivatives, currencies, commodities, direct mutual funds, bonds, and ETFs, all from a single platform.
  • Comprehensive Analytics: Shoonya offers multiple charts for efficient analysis, historical data, and an Option Chain for managing expirations, empowering you with the insights needed to make better investment decisions.
  • Margin Benefits: Use the pledging and unpledging facility to access margin benefits, allowing you to optimise your trading strategies.
  • Transparent Pledge Facility: Shoonya’s pledge facility allows users to pledge their shares, mutual funds, ETFs, and G-Securities, streamlining their trading strategies and optimising their investments.
  • Advanced Trading Features: Shoonya provides advanced features such as Smart Order Routing, One-Click Trading, Algo Trading, and a user-friendly interface, catering to both beginners and advanced traders, along with NRIs.
  • Advanced Technical Analysis: Equip yourself with over 100 technical indicators for in-depth analysis, giving you the edge in exploring the markets.
  • AI-Powered Insights: Gain an upper hand in your trading experiences with AI-powered stock trading predictions and signals provided by I Know First for up to 1,500 Indian scrips with daily top picks across long, mid and short caps.

Things that You Can Expect from the Shoonya App- Accessible on Mobile, Desktop and Web

  1. Advanced Security: The Shoonya App incorporates advanced login functionality and a multi-layered security system to safeguard users’ investments, ensuring a secure trading environment.
  2. Diverse Mutual Funds: Users can access a vast selection of over 3000+ direct mutual funds, including options for both SIP (Systematic Investment Plan) and lump-sum investments, allowing for flexible investment choices.
  3. Investment Flexibility: Investors can easily modify their investments as needed, allowing them to adjust their portfolios based on changing financial goals and market conditions.
  4. Multiple Payment Methods: The platform offers various pay-in and payout options, including UPI, payment gateway, virtual account, RTGS, and cheque, providing convenience in managing funds.
  5. Advanced Charting and Analytics: Users can access advanced charts and analytics tools, including historical trading data, multiple time intervals, and over 100 technical indicators and studies, aiding in informed decision-making.
  6. Special Order Types: The Shoonya App supports special order types such as GTT (Good Till Triggered) and equity SIPs, allowing traders to implement specific trading strategies and automate recurring investments.
  7. Customer Support Channels: To enhance customer service, the app provides various support channels, including live chat, telephonic support, email, and the option to raise a ticket, ensuring prompt assistance for user concerns and queries.

The Shoonya App combines advanced features and security measures, making it a comprehensive platform for secure and convenient online stock trading and investment.

Reasons to Choose Shoonya – Shoonya Review

  1. Shoonya is accessible on multiple platforms—desktop, web, and mobile—for utmost performance, flexibility, and speed.
  2. A customised client portal for hassle-free investment analysis and query resolution, typically within 24 hours.
  3. I Know First, an AI-powered tool, provides daily data-driven stock market predictions and signals, enabling you to make better trading choices.
  4. Shoonya provides bracket orders and cover orders to safeguard your investments, secure profits, and manage positions effectively.
  5. For investors, Shoonya offers zero account opening charges, lifetime zero brokerage across all segments, SIP in stocks and ETFs, and eDIS for convenient share selling.

Suitability for Beginners

  • Lifetime Zero-Brokerage: Ideal for newcomers to trading, Shoonya offers commission-free trading, minimising costs.
  • User-Friendly Interface: A beginner-friendly platform with an intuitive interface for easy navigation.
  • Zero AC Opening Charges: Get started without any account opening fees.
  • Multi-Asset Platform: Explore various investment options and diversify your portfolio right from the start.

Suitability for Advanced Traders

  • Trade from Option Chain: Seamlessly trade using Option Chain for a deeper market understanding.
  • TradingView Charts: Access advanced charts for in-depth technical analysis.
  • Pledging & Unpledging of Shares: Utilize advanced features like pledging and unpledging for margin benefits.
  • Order Slicing: Execute precise trades with order slicing.
  • Basket / Bulk Order: Manage multiple positions efficiently.
  • Cover Order & Bracket Order: Secure your gains and minimise losses with these advanced order types.

Pros and Cons of Trading on the Shoonya Trading Platform

Benefits of Using Shoonya by Finvasia’s Services

  • Shoonya offers commission-free trading across all segments and exchanges.
  • There are no concealed charges or hidden fees to worry about.
  • Shoonya provides a user-friendly trading platform for ease of use.
  • Opening a demat and trading account is completely free.
  • Enjoy zero charges on call and trade services.

Some Drawbacks of Trading with Shoonya By Finvasia

  • Shoonya does not offer a 3-in-one account.
  • Margin funding is not provided by Shoonya.
  • Shoonya operates solely online and lacks physical branches for local support.

FAQs about Shoonya:

Are there any costs involved when using Shoonya?

Here are some of the charges that are applicable when you trade on Shoonya by Finvasia’s platform:

DP Transaction Charges: These are fees imposed by the depository participant (DP) when you sell your holdings, totalling Rs 9 plus GST per scrip. These are only applicable to equity segments.

Pledge and Unpledge Charges: Shoonya charges Rs 20 for each Pledge and Unpledge request.

Additionally, it charges usual Govt taxes, which include STT/CTT, Transaction charges, Stamp duty, Sebi fees & GST.

Can I engage in trading through Shoonya on my mobile device?

Yes, Shoonya by Finvasia offers a mobile app which you can easily download from the Google Play Store or the Apple App Store. The mobile app provides a similar user-friendly trading experience to the web-based trading platform. You can access all the assets and charts, execute orders, monitor your positions, and make trades.

How can I get in touch with Shoonya’s customer support?

You have multiple channels to reach out to Shoonya’s customer support:

Phone: You can reach them on 0172-6750000 or 0172-4740000.

Email: Alternatively, you can contact them through email at [email protected].

Additionally, you can also contact their customer support team through live chat or even raise a ticket via the PRISM ticketing system.

Does Shoonya offer any supplementary trading tools?

Shoonya Broker provides a wide range of financial research tools, including:

·        Technical Analysis Tools: Making it easier to spot market trends and patterns.

·        Fundamental Analysis Tools: This allows you to assess a company’s financial well-being and future potential by examining its financial statements and related information.

·        Screeners: With these tools, you can filter stocks based on various criteria like price, industry sector, and technical indicators.

·        APIs: Shoonya even provides APIs, giving you the capability to access their research tools and data programmatically, adding a layer of flexibility to your trading approach.

Is there a fee for opening an account with Shoonya?

No, opening a demat account with Shoonya is entirely free of charge. Also, there are no annual maintenance fees (zero AMC charges) associated with it.

Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.

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