Brokerage Charges, Margin, Trading & Demat Account (2024)

Pros

Advantages and Strengths of this broker.

1. Shoonya provides commission-free trading on all segments and all exchanges.
2. No hidden charges or fees.
3. Shoonya provides user-friendly trading platform.
4. Free demat and trading account opening.
5. Zero charges on call and trade services.
6. Access customer service via phone, email, live chat, and the option to create a support ticket.

Cons

Disadvantages of this broker that it needs to improve upon.

1. Shoonya does not offers 3-in-one account.
2. Although there is no brokerage fee, and there aren't any software charges, you still have to pay for depository charges, taxes, etc.
3. Shoonya does not provide margin funding.
4. Shoonya is an online broker. It doesn't have branches for local support.

Charges

(4)

Usability

(4)

Customer Service

(3.5)

Verdict

Shoonya by Finvasia is a discount broker launched in 2016 that offers commission-free trading on all segments and all exchanges in India. Apart from brokerage, there are no other hidden charges or fees.

Overall, Shoonya Broker is a good option for both investors and traders. It offers a variety of features and benefits that can help investors and traders achieve their financial goals.

However, it is important to note that Shoonya Broker is a discount broker. This means that it does not offer the same level of services as a full-service broker. For example, Shoonya Broker does not offer investment advice or financial planning services.

If you are looking for a full-service broker, consider a different broker. However, if you are looking for a discount broker that offers commission-free trading and a variety of other benefits, Shoonya Broker is a good option.
If you are a trader, Shoonya provides you with:

• Shoonya offers commission-free trading on all segments and all exchanges in India. This means that you can trade stocks, derivatives, commodities, and currencies without having to pay any brokerage fees,
• TradingView charts to analyze market data and make informed trading decisions,
• Order slicing to efficiently place a big order into Child orders, improve liquidity, and execute their orders effectively,
• Bracket orders and Cover orders to protect your losses, lock in your profits, and close out your positions,
• Pledging and unpledging of shares to avoid losing trade opportunities.

If you are an investor, Shoonya provides you with:

• Zero ac opening charges,
• Zero brokerage for a lifetime across all segments,
• SIP in stocks and ETFs,
• eDIS facility to sell shares more conveniently, quickly, and cost-effectively,
• 3000+ Direct Mutual Funds,
• Dedicated customer support that ensures investors get quick responses and assistance when they need it, helping them make informed decisions and address any problems promptly.

Trading Tools

Shoonya Trading Platform

Shoonya is a zero-commission trading app that offers a variety ofservices to its users via application and the web. It aims to simplify investing by offering intuitive tools that add efficiency to your trading. Some of its features are:

• Multiple charts on a single screen in trading that provide efficient comparison, pattern recognition, and correlation analysis for informed decision-making,
• Multi-assets platform that allows traders to diversify their portfolio and access a wide range of investment opportunities, including stocks, derivatives, currencies, commodities, mutual funds, SIP, bonds, and ETFs, all from a single unified interface,
• Historical data to plan your next trade andanalyse the markets with access to historical trading data and multiple time intervals,
• AccesstoOption Chain to quickly manage expirations with visibility to strike prices & quotes,
• Available on Desktop, web and mobilefor ultimate performance, flexibility and speed.

PRISM

PRISM is a customized client portal by Shoonya, India's first commission-free broker.It allows clients to view and analyze their investments under a single login.You can raise a ticket for any query, request, complaint, modification, or suggestion. Your query will be resolved within 24 hours.

I Know First- AI Stock Trading Tool

I Know First is an AI stock trading tool that provides daily predictions for the stock market, commodities, ETFs, interest rates, currencies, and world indices. The predictions are generated by an algorithm that analyzes a variety of factors, including news, social media, and financial data. Some of its key features include:

• Algorithmic forecasts thatprovides data-driven daily predictions, enhancing decision-making with quantitative insights,
• Heat maps that offer a visual representation of data, allowing quick identification of trends, patterns, and variations in complex datasets.

Charges Details

For Equity

For Commodity

For Currency

🙋‍♂️ Read Shoonya FAQ

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