"Finvasia is a discounted stock broker that offers lifetime zero brokerage on all equity delivery and intraday trades on BSE, NSE, NCDEX, and MCX. In addition to that, Finvasia offers a free Demat account, unlimited call & trade, and zero clearing fees for trading on NSE & BSE irrespective of the trade volume. "
Why FINVASIA?
- The first discounted stockbroker in India offers lifetime brokerage free Demat + Trading account with Zero AMC, Free call & trade services, zero clearing services, and lowest transaction charges on equity delivery, intraday, and F&O.
- Finvasia offers a wide range of products under one roof — stock trading, commodities, currencies, mutual funds, IPOs, FPI (Foreign Portfolio Investors), NRI trading, wealth management to High Net Worth Individuals (HNIs), investment in real estate, and many more.
- Finvasia offers five excellent trading platforms to cater to different types of traders — ScalperT, NEST (Omnisys Powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), and Symphony Presto.
- Finvasia offers quick paperless online account opening within 5 minutes.
- Finvasia trading platforms are available on Windows, MacBook, Android, and iOS platforms.
- Other features: advanced market search, live streaming prices, quick order execution, interactive charts, global indices, and many more.
- Finvasia offers a user-friendly trading platform with a global buy and sells window.
- Finvasia offers financial trading services to the NRIs, PIO (Person Indian Origin)/OCI (Overseas Citizens of India), Foreign Nationals, and QFI (Qualified foreign investor) that are interested to invest in the Indian market.
- Finvasia offers FPI (Foreign Portfolio Investors) from globally. FPI is offered by limited brokers in India and Finvasia is one of them even being a discounted broker.
- Finvasia offers excellent wealth management resolutions to High Net Worth individuals based in India and NRIs.
Positives
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✔ What Shoonya Does Well
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Needs Improvement
✘ Where Shoonya Falls Short
| ✗ | No MTF (Margin Trading Facility) — no leveraged delivery |
| ✗ | No GTT (Good Till Triggered) orders |
| ✗ | Smaller client base (1.42 lakh active) vs Zerodha's 75+ lakh |
| ✗ | Platform less polished than Zerodha Kite or Fyers Curve |
| ✗ | No physical branches — 100% online |
| ✗ | NRIs cannot trade currency or commodity segments |
| ✗ | December 2024 pricing changes created uncertainty |
| ✗ | DDPI physical courier to Chandigarh for some users |
| ✗ | Customer support capacity limited vs larger brokers |
| ✗ | No research or investment advisory |
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SHOONYA
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Shoonya by Finvasia Review 2026 — ₹5 Brokerage, ₹0 AMC, ₹9 DP Charge & Honest AssessmentBy CompareShareBrokers Editorial Team | Last updated: March 2026 | Affiliate disclosure
✔ Verified March 2026 ✔ Lowest DP Charge in India
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Open Free Account →
Free • ₹0 AMC forever
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₹0
Delivery brokerage
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₹5
Intraday / F&O / Commodity
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₹9
DP charge — lowest in India
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₹0
AMC — permanently free
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₹0
API + Call & Trade
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4.2/5
CSB Rating
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| Year of Incorporation | 2013 |
| Products | Mutual Fund, Broking , NPS , Global Stocks, ETF |
| Demat Services | No |
| Active Exchange Memberships | BSE, NSE, MCX |
| Website | https://finvasia.com/ |
| Contact Details | +911726670000 |
| Total Number of Clients | |
| Total Number of Branches | 1 |
Finvasia is a FinTech company based in Mohali (Punjab, India), founded in Canada, offering excellent financial services as a discounted stock broker that aims to develop an affordable and accessible financial ecosystem by providing investors lifetime free brokerage on unlimited trading.
Finvasia offers stock trading, asset management, currency hedging, advisory, and investment banking. In addition to this, Finvasia offers various other financial services such as IPO, mutual funds, NRI services, corporate services, and many more.
Finvasia was founded in 2009 but entered the brokerage market in 2013, offering to trade in MCX and NSE. After two years, Finvasia became a member of BSE. In 2018 Finvasia became a member of NCDEX allowing the traders to trade in NSE, MCX, BSE, and NCDEX. Finvasia is one of the fastest-growing financial companies in India that offers a wide range of services under one roof with zero fees and some services at discounted rates.
Shoonya is the retail trading platform of Finvasia — a global fintech group co-founded by Sarvjeet Virk (MD) and Tajinder Singh/Natty Virk (CEO), incorporated in Canada in 2009 and operating in India since 2013. The Shoonya brand was launched to bring institutional-grade trading infrastructure to retail Indian investors. With 1.42 lakh active clients as of June 2025, it is a smaller broker by volume but occupies a unique and critical position: the most cost-transparent discount broker in India with the lowest verified charges across DP fees, AMC, API, and several other cost heads.
The Shoonya story has a critical inflection point. Until December 2024, Shoonya charged absolutely zero brokerage on every segment — delivery, intraday, F&O, currency, and commodity alike. This model was funded by exchange turnover rebates paid to brokers by NSE/BSE. In July 2024, SEBI banned these rebates. From December 2, 2024, Shoonya introduced ₹5 or 0.03% (whichever lower) on intraday, futures, and currency/commodity; ₹5 flat on all options. Delivery remains free. When Shoonya simultaneously proposed a ₹499/year AMC and ₹1,999/month API fee, user backlash was immediate and decisive — both were fully withdrawn. AMC remains ₹0 permanently. API remains free.
Even after December 2024, Shoonya's cost structure remains the most competitive in Indian retail broking: ₹5 max brokerage (vs ₹15–₹20 elsewhere), ₹9 DP charge (lowest in India, verified), ₹0 Call & Trade, ₹0 auto square-off, ₹0 AMC, and free API access. Add SensAI — a proprietary multi-agent AI that analyses stocks across technicals, fundamentals, news, and sentiment — and you have a broker that punches significantly above its size.
| Brokerage charges |
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4.8 |
| Trading platform |
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3.7 |
| Mobile app |
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3.6 |
| Customer support |
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3.5 |
| Account opening |
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4.3 |
| NRI & algo friendliness |
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4.4 |
| Transparency |
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4.5 |
| Research & tools |
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3.8 |
| Overall Rating |
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4.2 |
Ratings based on independent testing, verified user reviews, SEBI complaint data, and platform benchmarking. Updated March 2026.
All charges verified from faq.shoonya.com (official FAQ), AlgoTest documentation, and GarvThakur as of March 2026.
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹0 Free | Permanently free. No conditions. Confirmed official FAQ. |
| Equity Intraday | ₹5 or 0.03%, lower | Whichever is lower. On ₹10,000 trade: 0.03% = ₹3 → pay ₹3. On ₹20,000: 0.03% = ₹6 → pay ₹5 cap. |
| Equity Futures | ₹5 or 0.03%, lower | Per executed order. Confirmed official FAQ. |
| Equity Options | ₹5 flat per order | Flat ₹5 regardless of premium or lot size. +GST. Confirmed official FAQ. |
| Currency Futures | ₹5 or 0.03%, lower | Per executed order. |
| Currency Options | ₹5 flat per order | Flat ₹5 per executed order. |
| Commodity Futures (MCX) | ₹5 or 0.03%, lower | MCX fully available. Gold futures ₹50,000: 0.03% = ₹15 → pay ₹5 cap. |
| Commodity Options (MCX) | ₹5 flat per order | Flat ₹5 per executed order. |
| Direct Mutual Funds | ₹0 Zero commission | Direct plans. Zero commission. SIP available at ₹0. |
| ETF (Delivery) | ₹0 Free | ETF intraday: ₹5 or 0.03% (noted on official pricing page). |
| Bonds & G-Secs | ₹0 Free | Zero commission on bonds and government securities. |
| IPO applications | ₹0 Free | Zero charge for IPO applications. |
| Charge | Amount | Notes |
|---|---|---|
| Account opening | ₹0 Free | Free for all account types including NRI. Fully online, paperless. |
| Demat + Trading AMC | ₹0 Permanently free | ₹499/yr AMC proposed Dec 2024 then fully withdrawn after user backlash. LLP accounts: ₹900+GST/yr. |
| DP charge (delivery sell) | ₹9+GST per scrip | Lowest DP charge among all Indian discount brokers. Fyers ₹12.50, ProStocks ₹13.50, Zerodha ₹15.34, Groww ₹20, BlinkX ₹25. |
| Call & Trade | ₹0 Free | Phone-based order placement at zero charge. Vs Zerodha ₹50+GST, Fyers ₹50+GST, Paytm Money ₹100. |
| Auto square-off | ₹0 Free | No charge for system square-off of intraday positions. Vs BlinkX ₹50+GST per order. |
| API access | ₹0 Free | ₹1,999/month API fee proposed Dec 2024, put on hold permanently. Python, NodeJS, .NET SDKs available. |
| Platform | ₹0 Free | Web platform, mobile app, all charting tools are free. No premium tier. |
| Clearing charges | ₹0 Free | Unlike some brokers who add clearing charges, Shoonya charges zero. |
| Tax | Equity Delivery | Intraday | F&O (Budget 2026) |
|---|---|---|---|
| STT | 0.1% buy+sell | 0.025% sell | Fut: 0.05% sell Opt: 0.15% sell (premium) Effective April 1, 2026. |
| GST | 18% on brokerage + exchange charges + SEBI charges | ||
| SEBI charges | ₹10 per crore (0.0001%) | ||
| Stamp duty | 0.015% (buy) | 0.003% (buy) | Fut: 0.002% Opt: 0.003% (buy) |
Shoonya offers a web trading platform (trade.shoonya.com) and a mobile app (Android/iOS), both with TradingView-integrated charting, real-time market data, and F&O tools. The interface is built for traders rather than beginners — it prioritises information density and speed. Multiple order types are supported including market, limit, stop-loss (SL and SL-M), and after-market orders (AMO). The platform integrates NSE, BSE, MCX, and NCDEX in a unified interface.
SensAI is Shoonya's standout feature — a proprietary multi-agent AI that analyses individual stocks simultaneously across four dimensions: technical indicators, fundamentals, news sentiment, and market behaviour. The output is a synthesised, data-backed view on a stock. This is more sophisticated than single-dimensional research at most discount brokers. Available within the Shoonya app as an analytical tool — not a buy/sell recommendation service.
Shoonya provides fully documented API access at zero cost with official SDKs for Python, NodeJS, and .NET (GitHub). Combined with ₹5 brokerage, Shoonya is the most cost-effective platform for retail algo traders in India. Contact Shoonya support to activate API access on your account.
Shoonya offers NRI demat and trading accounts with zero account opening, zero AMC, and the same ₹9+GST DP charge as residents. NRIs get access to equity delivery (₹0 brokerage), F&O, direct MF, and Bonds. Per RBI guidelines, NRIs cannot trade currency derivatives or commodity derivatives.
| Segment | NRI Access | Notes |
|---|---|---|
| Equity delivery (BSE+NSE) | ✔ Yes | ₹0 brokerage. Requires PIS account with designated bank. |
| Equity F&O | ✔ Yes | ₹5 brokerage. NRIs can trade F&O on Shoonya. |
| Direct Mutual Funds & Bonds | ✔ Yes | Zero commission. |
| Currency derivatives | ✗ Not allowed | Per RBI guidelines. |
| Commodity trading | ✗ Not allowed | Per RBI guidelines. |
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Visit shoonya.com or prism.shoonya.com/register — Enter mobile number, verify OTP, enter email. |
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PAN verification — Enter PAN number. Verified instantly. |
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3
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Aadhaar eKYC — Aadhaar-linked OTP for identity verification. Paperless. |
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Bank details & selfie IPV — Bank account linking and selfie for in-person verification. |
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5
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Account activation — Within 24–48 hours. Credentials via email. Note: DDPI for some users requires physical courier to Chandigarh; verify with Shoonya support. |
- You want the absolute lowest brokerage in India — ₹5 max per order across intraday, F&O, currency, and commodity. No subscription plan needed. Every single trade is already capped at ₹5.
- You sell delivery shares frequently — ₹9 DP charge is ₹6.34 cheaper per scrip than Zerodha and ₹16 cheaper than BlinkX. Meaningful savings for investors selling 50+ different stocks per year.
- You are a retail algo trader — free API + ₹5 brokerage = the most cost-effective algo trading setup in India.
- You trade commodities (MCX) — ₹5 commodity brokerage is cheaper than any other broker. MCX, NCDEX, and CMCE all available.
- You are an NRI who wants low-cost equity delivery — ₹0 delivery + ₹9 DP charge + ₹0 AMC. Better NRI cost structure than most alternatives.
- You need MTF — not available. Use Angel One or Groww.
- You need GTT orders — not available. Use Zerodha, Upstox, or Fyers.
- You want a beginner-friendly app — Groww or Zerodha Kite are more accessible.
- You want research advice — no advisory. Angel One provides free research calls.
| Feature | Shoonya | Zerodha | ProStocks | Fyers |
|---|---|---|---|---|
| Delivery brokerage | ₹0 ✔ | ₹0 ✔ | ₹0 ✔ | ₹20 or 0.3% |
| Intraday/F&O | ₹5 ✔ Lowest | ₹20 | ₹15 | ₹20 or 0.03% |
| AMC | ₹0 lifetime ✔ | ₹300/yr | ₹0 lifetime ✔ | ₹0 lifetime ✔ |
| DP charge | ₹9 ✔ Lowest | ₹15.34 | ₹13.50 | ₹12.50 |
| Call & Trade | ₹0 ✔ | ₹50+GST | ₹10 (F&O) | ₹50+GST |
| Free API | ₹0 ✔ | ₹2,000/month | ₹0 ✔ | ₹0 ✔ |
| Commodity trading | ₹5 ✔ | ₹20 | Not available | ₹20 or 0.03% |
Regulatory standing: Shoonya operates under Finvasia Securities Pvt Ltd, which is SEBI-registered and a member of NSE, BSE, MCX, and NCDEX. Also a CDSL depository participant. Your shares are held in your own CDSL demat account, independent of Finvasia's balance sheet. Finvasia has operated since 2009 internationally and since 2013 in India with a clean regulatory record.
When December 2024 pricing changes received backlash, Shoonya withdrew the ₹499 AMC and ₹1,999 API fee proposals completely and publicly. This responsiveness to user concerns is a positive trust signal for a smaller broker.
Even after the December 2024 pricing change that ended true-zero brokerage, Shoonya remains the most cost-efficient broker in India by a meaningful margin: ₹5 max brokerage, ₹9 DP charge (lowest), ₹0 AMC, ₹0 API, ₹0 Call & Trade, ₹0 auto square-off. The total annual cost of actively using Shoonya is lower than any other Indian discount broker — period.
Overall: 4.2/5 — Highly Recommended for active traders, algo traders, commodity traders, and cost-first investors. Not recommended for those needing MTF, GTT, research advice, or a beginner-friendly interface.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
Frequently Asked Questions:
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1. Is Finvasia a trustable stockbroker?
Finvasia is registered with NSE, BSE, MCX, CDSL, AMFI, NCDEX, NBFC, SEBI, and SEC (US Securities and Exchange). In 2016, Finvasia got FDI funding from top Venture Capitalists against an estimate of 1.5 Billion INR that enabled the company to offer its users flexibility in trading, allowing them to trade on multiple technology platforms with a lifetime zero brokerage.
Finvasia is currently holding a solid place in the Indian stock market for being one of the most trustable discount brokers offering full services.
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2. How to open a Demat and Trading account with Finvasia?
Finvasia offers quick and paperless online account opening by eKYC and eSignature (Aadhar Card-based eSignature).
- Go to Finvasia website https://finvasia.com/
- Enter your email id and mobile number.
- Enter OTP you have received via SMS.
- Enter your PAN number, DOB, your email id, and password.
- Click on submit.
- On the next page, enter your bank details as asked — Bank Name, Account Number, Branch, Bank Account Type, IFSC Code, and MICR code.
- Select Segment — NSE and BSE (Cash, F&O, and CDS), MCX F&O
- Upload the documents as required.
- Select the software you want to perform trading (ScalperT is the only trading software free to use for all users, other trading platforms are chargeable.
- Enter the OTP you have received on your registered mobile number and email id.
- Check your profile information.
- Enter your Aadhaar number for confirmation and eSignature.
- Enter the OTP you have received on your registered mobile number.
- Your account opened in less than 5 minutes.
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3. How to open an NRI account with Finvasia?
- Go to Finvasia NRI site https://www.finvasia.com/nri
- Click on “Open a Bank Account”
- Follow the procedure —provide KYC details along with the attached documentation mentioned.
- Submit the PIS letter given by your bank.
- Once it’s done, follow the procedure to open a Demat and trading account.
Please note that the NRIs can choose either to open a bank account under the category of NRO — Non-Resident Ordinary or NRE — Non-Resident External. However, NRO allows trading in Equity F&O while NRE allows trading in Equity Delivery only. Therefore, if you wish to trade in both Equity Delivery and F&O, you need to open two accounts — NRO and NRE.
NRE accounts allow the user to repatriate an unlimited amount to India, while the NRO account limits up to USD 1 million/year after taxes.
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4. Why is Power of Attorney (POA) needed to open a Demat account with Finvasia?
Power of Attorney (POA) is needed when opening an account with Finvasia because it gives the broker authority on the trader's behalf to sell the stocks under CNC order type. Hence, it is mandatory to sign a Power of Attorney.
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5. Can I apply for an IPO through a Finvasia stockbroker?
Finvasia doesn't offer online IPO applications on its platform, but the user can apply in IPO through net banking provided by their bank (attached to the Demat account)
- Log in to your bank net banking.
- Click on "online investment."
- Click on "invest in IPO."
- Choose your bank account (in case you have multiple accounts in one bank)
- Confirm your details.
- Select the IPO you wish to apply for.
- Fill in the Demat account details — Depository, Finvasia DP ID (your Demat user ID), DP Account Number (Demat account number), and DP Name-Finvasia Securities Private Limited.
- Confirm and submit the application
Once it's done, the bank will send you the confirmation, and the IPO amount will be in the lock-in period and released once the allotment is done.
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6. What are the Finvasia stockbroker DP charges?
Finvasia DP (Depository Participant) charges are INR 9/script.
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7. How much are the auto-square-off charges in Finvasia?
There is no charge for the auto-square-off in Finvasia.
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8. Is Finvasia suitable for the beginner?
Finvasia offers a user-friendly free trading platform — ScalperT, available on the web and Android OS smartphones. ScalperT fits all the requirements for beginner traders. In addition to this, Finvasia offers lifetime free brokerage that befits the beginner to learn about stock trading with minimal investment.
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9. What is the trading software offered by Finvasia?
Finvasia offers five robust technology-derived trading platforms to cater to different types of traders — ScalperT, NEST (Omnisys Powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), and Symphony Presto.
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10. How much brokerage does Finvasia charge for delivery, intraday, commodity, and F&O?
Finvasia offers lifetime free brokerage to its users on equity delivery, equity intraday, currency, and MCX commodity.
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11. Does Finvasia offer mutual funds?
Yes. Finvasia offers various mutual funds that cater to different investors' interests and goals, such as tax saving schemes and short-term or long-term saving plans. In addition, Finvasia offers zero brokerage on mutual funds investments.
Finvasia’s mutual fund's partners are HDFC Mutual Funds, Birla Sun Life Insurance, SBI Mutual Fund, BOI, AXA Mutual Funds, Edelweiss Mutual Fund, Bajaj Allianz, Reliance Mutual Funds, DSP Black Rock Mutual Fund, IDFC Mutual Funds, and many more.
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12. What are clearing services in Finvasia?
Clearing Services is a process of clearing and settling trades performed by the FPI — Foreign Portfolio Investors and Trading Members (TMs) in Equity F&O, Currency Derivatives segments of BSE and NSE. To avail of the Clearing Services through Finvasia, the trader needs to sign a clearing agreement, submit the required documents, and avail of the cleaning services.
Finvasia offers a detailed report on risk activities, collateral, financial, and positions of the trading members. Finvasia is among a few brokers in India offering clearing services.
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13. What are the other charges in Finvasia?
Finvasia is a discounted broker that has zero brokerage plan for the lifetime, however, Finvasia charge the traders to use their trading platforms:
- NEST (Omnisys Powered Trading Terminal) — Standard Plan INR 149/exchange per month and INR 99 for bracket order | Premium Plan (BSE, NSE, MCX) INR 777 per month and FREE bracket order
- NSE NOW — NSE: FREE | BSE: INR 149 per segment/month
- Blitz Trader (Algorithmic Trading Platform) — INR 7777 + GST/ month
- Symphony Presto — INR 1599
FINVASIA User Reviews
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