Espresso and Shoonya are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Espresso is listed as a Private Discount Broker , established in 2020 and headquartered in Mumbai, 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 Espresso or Shoonya is a better fit for your investment style, platform preference, and budget.
Espresso is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Jaideep Arora. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard Plan 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.
Espresso vs Shoonya — A Comprehensive Company Overview
| Company Overview | Espresso | Shoonya |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Punjab |
| Founder | Jaideep Arora | Sarvjeet Singh Virk and Tajinder Virk |
| Establishment Year | 2020 | 2020 |
| Brokerage Plan | Standard Plan | Standard |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Espresso and Shoonya.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Espresso charges Free while Shoonya charges Zero.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Espresso charges Rs.20 per Trade or 0.03% (Whichever is Low) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Equity futures: This charge applies to futures contracts on stocks and indices. Espresso charges Rs.20 per Trade or 0.03% (whichever is low) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Equity options: This charge applies to equity option contracts. Espresso charges Rs.20 per Trade while Shoonya charges Flat ₹5 plus GST on per executed order.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Espresso charges Rs.20 per Trade or 0.03% (whichever is low) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Commodity options: This charge applies to option contracts on commodity instruments. Espresso charges Rs.20 per Trade while Shoonya charges Flat ₹5 plus GST on per executed order.
Currency futures: This charge allows participation in forex price movements on the exchange. Espresso charges Rs.20 per Trade or 0.03% (whichever is low) while Shoonya charges 0.03% or Rs. 5.00 whichever is low.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Espresso charges Rs.20 per Trade while Shoonya charges Flat ₹5 plus GST on per executed order.
Espresso vs Shoonya — Detailed Brokerage Comparison
| Brokerage | Espresso | Shoonya |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Free | Zero |
| Equity Intraday | Rs.20 per Trade or 0.03% (Whichever is Low) | 0.03% or Rs. 5.00 whichever is low |
| Equity Future | Rs.20 per Trade or 0.03% (whichever is low) | 0.03% or Rs. 5.00 whichever is low |
| Equity Option | Rs.20 per Trade | Flat ₹5 plus GST on per executed order |
| Commodity Future | Rs.20 per Trade or 0.03% (whichever is low) | 0.03% or Rs. 5.00 whichever is low |
| Commodity Option | Rs.20 per Trade | Flat ₹5 plus GST on per executed order |
| Currency Future | Rs.20 per Trade or 0.03% (whichever is low) | 0.03% or Rs. 5.00 whichever is low |
| Currency Option | Rs.20 per Trade | Flat ₹5 plus GST on per executed order |
Espresso provides mobile app access, web trading and desktop terminal access 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: Espresso and Shoonya both list an Android trading app.
iOS app: Espresso and Shoonya both list an iOS trading app.
Web trading platform: Espresso and Shoonya both list a web trading platform.
Desktop trading terminal: Espresso and Shoonya both list a desktop trading terminal.
Algo trading: Shoonya lists algo trading support, while Espresso does not currently mention it.
Basket trading: Shoonya lists basket trading, while Espresso does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Espresso and Shoonya both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Espresso vs Shoonya — Complete Comparison of Trading Platforms
| Trading Platform | Espresso | Shoonya |
|---|---|---|
| Android App | Espresso Android App Link | Download |
| iOS App | Espresso iOS App Link | Download |
| Web Trading Platform | Espresso Web Trading Link | Shoonya Trade |
| Trading Terminal | Available | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | No |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | No |
| Bonds Platform | NA | No |
Espresso highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, 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 Espresso and Shoonya offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Espresso and Shoonya offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Espresso and Shoonya offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Espresso and Shoonya offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Shoonya offers this; Espresso does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Shoonya offers this; Espresso does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Shoonya offers this; Espresso does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Espresso and Shoonya offer this feature.
Live market: Live updates on market movements and trends. Both Espresso and Shoonya offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Shoonya offers this; Espresso does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Espresso and Shoonya offer this feature.
Espresso vs Shoonya — Comprehensive Comparison of Trading Features
| Trading Feature | Espresso | Shoonya |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | Yes |
| Global Indices | No | |
| Customised Recommendations | No | Yes |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Espresso and Shoonya.
Free account opening: Shoonya lists free account opening, while Espresso does not currently mention it.
Free AMC: Neither broker currently highlights free Demat AMC.
Free brokerage: Espresso lists free brokerage, while Shoonya does not currently mention it.
Flat brokerage: Espresso lists flat brokerage pricing, while Shoonya does not currently mention it.
Flexible brokerage plans: Shoonya lists flexible brokerage plans, while Espresso does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Espresso and Shoonya both list free delivery trading.
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 Espresso does not currently mention it.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Espresso lists zero brokerage for loss-making trades, while Shoonya does not currently mention it.
Referral offers: Espresso offers Rs.300 per Client for referrals; Shoonya does not currently list a referral offer.
Espresso vs Shoonya — Comparison of Latest Offers
| Offer | Espresso | Shoonya |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | |
| Free Brokerage | Yes, Limited | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | |
| Free Delivery Trading | Yes | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | |
| Referral Offers | Rs.300 per Client | |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | |
| Zero Brokerage for Loss-Making Trades | Yes |
Product availability determines whether a broker can support your preferred markets. Espresso highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, 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, currency futures, currency options, mutual funds and foreign stocks.
Espresso vs Shoonya — Complete Comparison of Products
| Product | Espresso | 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 | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Espresso and Shoonya both list Demat services.
Trading services: Espresso and Shoonya both list trading services.
Intraday services: Espresso and Shoonya both list intraday trading services.
F&O services: Espresso and Shoonya both list F&O services.
IPO services: Espresso and Shoonya both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Shoonya lists stock research, while Espresso does not currently mention it.
Stock recommendations: Shoonya lists stock recommendations, while Espresso does not currently mention it.
Trading education: Espresso lists trading education, while Shoonya does not currently mention it.
Share pledging: Espresso and Shoonya both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Espresso provides Demat services, trading services, intraday trading, F&O trading, IPO access and trading education, while Shoonya offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Espresso vs Shoonya — In-Depth Comparison of Services
| Service | Espresso | 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 | No | Yes |
| Stock Recommendations | No | Yes |
| Trading Education | Yes, Bootcamp | |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | |
| NRI Services | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Espresso and Shoonya.
Espresso and Shoonya — Detailed Comparison of Advisory Services
| Advisory | Espresso | Shoonya |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| IPO Reports | No | Yes |
| Technical Reports | Yes, chargeable | Yes |
| Stock Tips | Yes, chargeable | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Review | No | |
| Weekly Review | No | |
| Relationship Manager | Yes, chargeable | |
| Robo Advisory | Yes |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Espresso and Shoonya across different segments.
Espresso and Shoonya — Comprehensive Comparison of Trading Exposure
| Exposure | Espresso | Shoonya |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | 2x |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 2x |
| Commodity F&O Carry Forward | 1x | 1.5x |
| Commodity F&O Intraday | 1.3x | 1.5x |
| Currency F&O | 1x | 1.5x |
Espresso lists a sub-broker program, while Shoonya does not currently mention it. Espresso lists a partner program, while Shoonya does not currently mention it. Espresso lists a referral program, while Shoonya does not currently mention it.
Espresso vs Shoonya — Comparative Analysis of Programs
| Program | Espresso | Shoonya |
|---|---|---|
| Sub-Broker Program | Yes, Limited | |
| Partner Program | Yes | |
| Referral Program | Yes |
Espresso provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Shoonya provides support through trading desk support, call support, email support, website support and Facebook support. Shoonya operates Mumbai branches.
Espresso and Shoonya — Comprehensive Comparison of Customer Support
| Support Channel | Espresso | Shoonya |
|---|---|---|
| Trading Support | Available, Chargeable | +91 9779 902 002 |
| Dedicated Dealer | Available, Chargeable | |
| Call Support | 022-67670700 | +91 1726 670 000 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | ||
| Website Support | Website Link | https://shoonya.com/ |
| Facebook Support | Facebook Support Link | https://www.facebook.com/ShoonyaApp/ |
| Twitter / X Support | Twitter Support Link | https://twitter.com/shoonyaapp |
| Telegram Support | — | https://t.me/Shoonya_App |
| Branches / Offices | NA | Mumbai |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Espresso carries an overall rating of 7.85 / 10, while Shoonya carries an overall rating of 4/5.
Espresso vs Shoonya — Ratings Comparison
| Rating Parameter | Espresso | Shoonya |
|---|---|---|
| Overall Rating | 7.85 / 10 | 4/5 |
| Customer Support | 7.82 / 10 | 4/5 |
| Technology | 7.94 / 10 | 4/5 |
| Charges | 7.88 / 10 | 4/5 |
| Products & Services | 7.80 / 10 | 4/5 |
| Experience | 7.79 / 10 | 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.
Espresso & Shoonya — Comparison of Customer Complaints
| Complaint Metric | Espresso | Shoonya |
|---|---|---|
| Total Complaints Lodged | 4 | |
| Total Complaints Resolved | 3 | |
| % of Resolved Complaints | 75.00% | |
| Non-Actionable Complaints | 0 | |
| % of Non-Actionable Complaints | 0.00% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Espresso and Shoonya.
Espresso vs Shoonya — Detailed Comparison of Transaction Charges
| Transaction Charges | Espresso | Shoonya |
|---|---|---|
| Equity Delivery | 0.00297% | |
| Equity Intraday | 0.00297% | |
| Equity Future | Exchange txn charge: 0.00173% | |
| Equity Option | txn charge: 0.03503% (on premium) | |
| Commodity Future | MCX: 0.0021% | |
| Commodity Option | MCX: 0.0418% | |
| Currency Future | Exchange txn charge: 0.00035% | |
| Currency Option | 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.
Espresso & Shoonya — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Espresso | Shoonya |
|---|---|---|
| Pledge Creation Charges | Rs 20 + GST per ISIN | |
| Pledge Invocation Charges | ||
| Margin Trading Interest |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Espresso and Shoonya — Detailed Comparison of Hidden / Other Charges
| Charge | Espresso | Shoonya |
|---|---|---|
| SEBI Turnover Charges | ₹10/crore | |
| DP Charges | Rs 9 + Gst | |
| GST | 18% on ( transaction charges) | |
| Account Closure Charges | ||
| Reactivation Charges | ||
| Dematerialisation Charges | ||
| Call & Trade Charges | Zero |
Espresso lists account opening charges of Rs.350 and Demat AMC of Rs.400 per Year. Shoonya lists account opening charges of Free and Demat AMC of Zero.
Espresso vs Shoonya — Detailed Comparison of Demat Charges
| Demat Charges | Espresso | Shoonya |
|---|---|---|
| Account Opening Charges | Rs.350 | Free |
| Annual Maintenance Charges (AMC) | Rs.400 per Year | 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.
Espresso vs Shoonya — Comparative Analysis of STT and CTT Charges
| STT & CTT | Espresso | Shoonya |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on the sell side | |
| Equity Future | 0.02% on the sell side | |
| Equity Option | 0.1% on sell side | |
| Commodity Future | 0.01% on sell side | |
| Commodity Option | 0.05% (of Selling Value) | |
| Currency Future | Zero | |
| Currency Option | 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.
Espresso and Shoonya — Comparison of Stamp Duty Charges
| Stamp Duty | Espresso | Shoonya |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on the sell side | |
| Equity Future | 0.02% on the sell side | |
| Equity Option | 0.1% on sell side | |
| Commodity Future | 0.002% or ₹200 / crore on buy side | |
| Commodity Option | 0.003% or ₹300 / crore on buy side | |
| Currency Future | 0.0001% or ₹10 / crore on buy side | |
| Currency Option | 0.0001% or ₹10 / crore on buy side |