Fyers vs Shoonya – Compare Charges, Trading Features, Offers & More

Overview — Fyers vs. Shoonya

Fyers is listed as a Private Discount Broker established in 2015 with headquarters in Bangalore and founded by Tejas Khoday, Shreyas Khodey & Yashas Khodey. 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, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. 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.

Brokerage charges comparison — Fyers vs. Shoonya

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Fyers and Shoonya.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Fyers charges Free while Shoonya charges Zero.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Fyers 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. Fyers 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. Fyers 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. Fyers 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. Fyers 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. Fyers 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. Fyers charges Rs.20 per Trade while Shoonya charges Flat ₹5 plus GST on per executed order.

Trading platforms comparison — Fyers vs. Shoonya

Fyers 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: Fyers and Shoonya both list an Android trading app.

• iOS app: Fyers and Shoonya both list an iOS trading app.

• Web trading platform: Fyers and Shoonya both list a web trading platform.

• Desktop trading terminal: Fyers and Shoonya both list a desktop trading terminal.

• Algo trading: Fyers and Shoonya both list algo trading support.

• Basket trading: Fyers and Shoonya both list basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Fyers 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.

Fyers vs. Shoonya — Comparison of trading features

Fyers highlights trading features including watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts, 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 Fyers and Shoonya offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Fyers and Shoonya offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Shoonya offers this; Fyers does not currently highlight it.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Shoonya offers this; Fyers does not currently highlight it.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Fyers and Shoonya offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Fyers and Shoonya offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Fyers and Shoonya offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Fyers and Shoonya offer this feature.

• Live market: Live updates on market movements and trends. Both Fyers and Shoonya offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Shoonya offers this; Fyers does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Fyers and Shoonya offer this feature.

Fyers vs. Shoonya — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Fyers and Shoonya.

• Free account opening: Fyers and Shoonya both list free account opening.

• Free AMC: Fyers lists free Demat AMC, while Shoonya does not currently mention it.

• Free brokerage: Fyers lists free brokerage, while Shoonya does not currently mention it.

• Flat brokerage: Fyers lists flat brokerage pricing, while Shoonya does not currently mention it.

• Flexible brokerage plans: Shoonya lists flexible brokerage plans, while Fyers does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Fyers 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 Fyers does not currently mention it.

• Free trading calls: Neither broker currently highlights free trading calls.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Fyers offers 20% of Revenue for referrals; Shoonya does not currently list a referral offer.

Offered products comparison — Shoonya vs. Fyers

Product availability determines whether a broker can support your preferred markets. Fyers 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, government bonds and foreign stocks.

• Demat services: Fyers and Shoonya both list Demat services.

• Trading services: Fyers and Shoonya both list trading services.

• Intraday services: Fyers and Shoonya both list intraday trading services.

• F&O services: Fyers and Shoonya both list F&O services.

• IPO services: Fyers 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 Fyers does not currently mention it.

• Stock recommendations: Shoonya lists stock recommendations, while Fyers does not currently mention it.

• Trading education: Fyers lists trading education, while Shoonya does not currently mention it.

• Share pledging: Fyers 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.

Offered services comparison — Fyers vs. Shoonya

Fyers 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.

Stock advisory service comparison — Fyers vs. Shoonya

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Fyers and Shoonya.

Exposure comparison — Fyers vs. Shoonya

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Fyers and Shoonya across different segments.

Comparison of programs — Fyers vs. Shoonya

Fyers lists a sub-broker program, while Shoonya does not currently mention it. Fyers lists a partner program, while Shoonya does not currently mention it. Fyers lists a referral program, while Shoonya does not currently mention it.

Customer support comparison — Fyers vs. Shoonya

Fyers provides support through trading desk support, call support, email support, website support and Facebook support. Shoonya provides support through trading desk support, call support, email support, website support and Facebook support. Shoonya operates Mumbai branches.

Ratings — Fyers vs. Shoonya

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Fyers carries an overall rating of 8.20 / 10, while Shoonya carries an overall rating of 4/5.

Complaints — Fyers vs. Shoonya

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.

Transaction charges comparison — Fyers vs. Shoonya

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Fyers and Shoonya.

Pledge charges comparison — Fyers vs. Shoonya

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.

Hidden charges comparison — Fyers vs. Shoonya

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Fyers vs Shoonya

Fyers lists account opening charges of Free and Demat AMC of Free (limited period offer). Shoonya lists account opening charges of Free and Demat AMC of Zero.

Fyers vs Shoonya — Compare STT & CTT

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.

Compare stamp duty — Fyers and Shoonya

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.

User experience: buying stocks