Bajaj Broking and Shoonya are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra, while Shoonya is listed as a Private Discount Broker , established in 2020 and headquartered in Punjab.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Broking or Shoonya is a better fit for your investment style, platform preference, and budget.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Freedom Pack, Professional Pack, Signature Pack brokerage structure.
Shoonya is listed as a Private Discount Broker established in 2020 with headquarters in Punjab and founded by Sarvjeet Singh Virk and Tajinder Virk. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Standard.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Bajaj Broking vs Shoonya — A Comprehensive Company Overview
| Company Overview | Bajaj Broking | Shoonya |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune, Maharashtra | Punjab |
| Founder | Jamnalal Bajaj | Sarvjeet Singh Virk and Tajinder Virk |
| Establishment Year | 2010 | 2020 |
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | Standard |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Broking and Shoonya.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges Zero.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Equity options: This charge applies to equity option contracts. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges Flat ₹5 plus GST on per executed order.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while Shoonya charges Flat ₹5 plus GST on per executed order.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Broking charges N/A ; Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Broking charges N/A ; Shoonya charges Flat ₹5 plus GST on per executed order.
Bajaj Broking vs Shoonya — Detailed Brokerage Comparison
| Brokerage | Bajaj Broking | Shoonya |
|---|---|---|
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | Standard |
| Subscription Charges | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year | Zero |
| Equity Delivery | Starting ₹10 per order (Freedom Pack ₹20) | Zero |
| Equity Intraday | Starting ₹10 per order (Freedom Pack ₹20) | 0.03% or Rs. 5.00 whichever is low |
| Equity Future | Starting ₹10 per order (Freedom Pack ₹20) | 0.03% or Rs. 5.00 whichever is low |
| Equity Option | Starting ₹10 per order (Freedom Pack ₹20) | Flat ₹5 plus GST on per executed order |
| Commodity Future | Starting ₹10 per order (Freedom Pack ₹20) | 0.03% or Rs. 5.00 whichever is low |
| Commodity Option | Starting ₹10 per order (Freedom Pack ₹20) | Flat ₹5 plus GST on per executed order |
| Currency Future | N/A | 0.03% or Rs. 5.00 whichever is low |
| Currency Option | N/A | Flat ₹5 plus GST on per executed order |
Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Shoonya provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Bajaj Broking and Shoonya both list an Android trading app.
iOS app: Bajaj Broking and Shoonya both list an iOS trading app.
Web trading platform: Bajaj Broking and Shoonya both list a web trading platform.
Desktop trading terminal: Bajaj Broking and Shoonya both list a desktop trading terminal.
Algo trading: Bajaj Broking and Shoonya both list algo trading support.
Basket trading: Shoonya lists basket trading, while Bajaj Broking does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Broking and Shoonya both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Bajaj Broking lists a bonds investment platform, while Shoonya does not currently mention it.
Bajaj Broking vs Shoonya — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Broking | Shoonya |
|---|---|---|
| Android App | Yes | Download |
| iOS App | Yes | Download |
| Web Trading Platform | Yes | Shoonya Trade |
| Trading Terminal | Yes | Available |
| Algo Trading Platform | Yes | Available |
| Foreign Stocks Platform | N/A | No |
| Basket Trading Platform | N/A | Available |
| Mutual Fund Platform | Yes | Available |
| Digital Gold Platform | N/A | No |
| Bonds Platform | Yes | No |
Bajaj Broking highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Shoonya promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Broking and Shoonya offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Broking and Shoonya offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Broking and Shoonya offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Bajaj Broking and Shoonya offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Bajaj Broking and Shoonya offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Shoonya offers this; Bajaj Broking does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Bajaj Broking and Shoonya offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Broking and Shoonya offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Broking and Shoonya offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Shoonya offers this; Bajaj Broking does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Shoonya offers this; Bajaj Broking does not currently highlight it.
Bajaj Broking vs Shoonya — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Broking | Shoonya |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | N/A | |
| Customised Recommendations | N/A | Yes |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | N/A | Yes |
| Robust & Secure Platform | N/A | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Broking and Shoonya.
Free account opening: Bajaj Broking and Shoonya both list free account opening.
Free AMC: Bajaj Broking lists free Demat AMC, while Shoonya does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Broking lists flat brokerage pricing, while Shoonya does not currently mention it.
Flexible brokerage plans: Bajaj Broking and Shoonya both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Shoonya lists free delivery trading, while Bajaj Broking does not currently mention it.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Shoonya lists free research reports, while Bajaj Broking does not currently mention it.
Free trading calls: Bajaj Broking lists free trading calls, while Shoonya does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Bajaj Broking vs Shoonya — Comparison of Latest Offers
| Offer | Bajaj Broking | Shoonya |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | N/A | |
| Free Delivery Trading | N/A | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | N/A | Yes |
| Free Trading Calls | Yes | |
| Referral Offers | N/A | |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | N/A | |
| Zero Brokerage for Loss-Making Trades | N/A |
Product availability determines whether a broker can support your preferred markets. Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while Shoonya highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, corporate bonds, bonds, currency futures, currency options and foreign stocks.
Bajaj Broking vs Shoonya — Complete Comparison of Products
| Product | Bajaj Broking | Shoonya |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | N/A | Yes |
| Currency Future | N/A | Yes |
| Foreign Stocks | N/A | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | Yes | No |
| Government Bonds | N/A | No |
| Digital Gold | N/A | No |
Demat services: Bajaj Broking and Shoonya both list Demat services.
Trading services: Bajaj Broking and Shoonya both list trading services.
Intraday services: Bajaj Broking and Shoonya both list intraday trading services.
F&O services: Bajaj Broking and Shoonya both list F&O services.
IPO services: Bajaj Broking and Shoonya both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Bajaj Broking and Shoonya both list stock research.
Stock recommendations: Shoonya lists stock recommendations, while Bajaj Broking does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Bajaj Broking and Shoonya both list share pledging.
PMS or PCG: Bajaj Broking lists PMS or PCG support, while Shoonya does not currently mention it.
NRI services: Bajaj Broking lists NRI services, while Shoonya does not currently mention it.
Bajaj Broking provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Shoonya offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Bajaj Broking vs Shoonya — In-Depth Comparison of Services
| Service | Bajaj Broking | Shoonya |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | |
| Stock Research | Yes | Yes |
| Stock Recommendations | N/A | Yes |
| Trading Education | N/A | |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | |
| NRI Services | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Broking and Shoonya.
Bajaj Broking and Shoonya — Detailed Comparison of Advisory Services
| Advisory | Bajaj Broking | Shoonya |
|---|---|---|
| Fundamental Reports | N/A | Yes |
| Research Reports | Yes | Yes |
| Company Reports | N/A | Yes |
| Annual Reports | N/A | Yes |
| IPO Reports | N/A | Yes |
| Technical Reports | N/A | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | N/A | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | N/A | |
| Weekly Review | N/A | |
| Relationship Manager | N/A | |
| Robo Advisory | N/A |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Broking and Shoonya across different segments.
Bajaj Broking and Shoonya — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Broking | Shoonya |
|---|---|---|
| Equity Delivery | 1x (MTF up to 3.5x in selected stocks) | 1x |
| Equity Intraday | Up to 5x | 2x |
| Equity F&O Carry Forward | 1x (no additional margin) | 1x |
| Equity F&O Intraday | 1.3x | 2x |
| Commodity F&O Carry Forward | 1x (no additional margin) | 1.5x |
| Commodity F&O Intraday | 1.3x | 1.5x |
| Currency F&O | N/A | 1.5x |
Bajaj Broking provides support through trading desk support, call support, email support and website support. Shoonya provides support through trading desk support, call support, email support, website support and Facebook support. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches. Shoonya operates Mumbai branches.
Bajaj Broking and Shoonya — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Broking | Shoonya |
|---|---|---|
| Trading Support | Yes | +91 9779 902 002 |
| Dedicated Dealer | N/A | |
| Call Support | Yes (1800-833-8888) | +91 1726 670 000 |
| Email Support | Yes ([email protected]) | [email protected] |
| WhatsApp Support | N/A | |
| Website Support | Yes (https://www.bajajbroking.in/knowledge-center) | https://shoonya.com/ |
| Facebook Support | — | https://www.facebook.com/ShoonyaApp/ |
| Twitter / X Support | — | https://twitter.com/shoonyaapp |
| Telegram Support | — | https://t.me/Shoonya_App |
| Branches / Offices | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra | Mumbai |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Broking carries an overall rating of 3.6 / 5, while Shoonya carries an overall rating of 4/5.
Bajaj Broking vs Shoonya — Ratings Comparison
| Rating Parameter | Bajaj Broking | Shoonya |
|---|---|---|
| Overall Rating | 3.6 / 5 | 4/5 |
| Customer Support | 3.5 / 5 | 4/5 |
| Technology | 3.5 / 5 | 4/5 |
| Charges | 3.5 / 5 | 4/5 |
| Products & Services | 4.0 / 5 | 4/5 |
| Experience | N/A | 4/5 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Bajaj Broking & Shoonya — Comparison of Customer Complaints
| Complaint Metric | Bajaj Broking | Shoonya |
|---|---|---|
| Total Complaints Lodged | 34 (NSE, FY 2026-27, against 65,587 active clients) | |
| Total Complaints Resolved | N/A | |
| % of Resolved Complaints | N/A | |
| Non-Actionable Complaints | N/A | |
| % of Non-Actionable Complaints | N/A |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Broking and Shoonya.
Bajaj Broking vs Shoonya — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Broking | Shoonya |
|---|---|---|
| Equity Delivery | NSE 0.00345% | BSE varies by scrip group | 0.00297% |
| Equity Intraday | NSE 0.00345% | BSE varies by scrip group | 0.00297% |
| Equity Future | NSE 0.002% | BSE Nil or 0.05% of traded value | Exchange txn charge: 0.00173% |
| Equity Option | NSE 0.053% on premium | BSE Nil or 0.05% of traded value | txn charge: 0.03503% (on premium) |
| Commodity Future | N/A | MCX: 0.0021% |
| Commodity Option | N/A | MCX: 0.0418% |
| Currency Future | N/A | Exchange txn charge: 0.00035% |
| Currency Option | N/A | Exchange txn charge: 0.0311% |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Bajaj Broking & Shoonya — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Bajaj Broking | Shoonya |
|---|---|---|
| Pledge Creation Charges | ₹40 + GST | Rs 20 + GST per ISIN |
| Pledge Invocation Charges | ₹50 + GST per ISIN | |
| Margin Trading Interest | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Broking and Shoonya — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Broking | Shoonya |
|---|---|---|
| SEBI Turnover Charges | ₹10 per crore (0.0001%) | ₹10/crore |
| DP Charges | ₹30 per ISIN per debit transaction | Rs 9 + Gst |
| GST | 18% on brokerage, transaction charges and SEBI fees | 18% on ( transaction charges) |
| Account Closure Charges | N/A | |
| Reactivation Charges | N/A | |
| Dematerialisation Charges | ₹100 per request + ₹100 per certificate + GST | |
| Call & Trade Charges | ₹20 + GST per executed order | Zero |
Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0. Shoonya lists account opening charges of Free and Demat AMC of Zero.
Bajaj Broking vs Shoonya — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Broking | Shoonya |
|---|---|---|
| Account Opening Charges | ₹0 | Free |
| Annual Maintenance Charges (AMC) | ₹0 | Zero |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Bajaj Broking vs Shoonya — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Broking | Shoonya |
|---|---|---|
| Equity Delivery | 0.1% on both buy and sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell side | 0.025% on the sell side |
| Equity Future | 0.05% on sell side | 0.02% on the sell side |
| Equity Option | 0.15% of premium on sell side | 0.1% on sell side |
| Commodity Future | 0.01% on sell side (non-agri) | 0.01% on sell side |
| Commodity Option | 0.01% on sell side (non-agri) | 0.05% (of Selling Value) |
| Currency Future | No STT | Zero |
| Currency Option | No STT | Zero |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Bajaj Broking and Shoonya — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Broking | Shoonya |
|---|---|---|
| Equity Delivery | 0.015% (buy side) | 0.1% on buy & sell |
| Equity Intraday | 0.003% (buy side) | 0.025% on the sell side |
| Equity Future | 0.002% (buy side) | 0.02% on the sell side |
| Equity Option | 0.003% (buy side) | 0.1% on sell side |
| Commodity Future | 0.002% (buy side) | 0.002% or ₹200 / crore on buy side |
| Commodity Option | 0.003% (buy side) | 0.003% or ₹300 / crore on buy side |
| Currency Future | 0.0001% (buy side) | 0.0001% or ₹10 / crore on buy side |
| Currency Option | 0.0001% (buy side) | 0.0001% or ₹10 / crore on buy side |