Shoonya and SBI Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Shoonya is listed as a Private Discount Broker , established in 2020 and headquartered in Punjab, while SBI Securities is listed as a Public Discount Broker , established in Arun Mehta and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Shoonya or SBI Securities is a better fit for your investment style, platform preference, and budget.
Shoonya is listed as a Private Discount Broker established in 2020 with headquarters in Punjab and founded by Sarvjeet Singh Virk and Tajinder Virk. 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, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard brokerage structure.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Standard Plan.
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.
Shoonya vs SBI Securities — A Comprehensive Company Overview
| Company Overview | Shoonya | SBI Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Punjab | Mumbai |
| Founder | Sarvjeet Singh Virk and Tajinder Virk | Arun Mehta |
| Establishment Year | 2020 | Arun Mehta |
| Brokerage Plan | Standard | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Shoonya and SBI Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Shoonya charges Zero while SBI Securities charges 0.50% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Shoonya charges 0.03% or Rs. 5.00 whichever is low while SBI Securities charges 0.075% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Shoonya charges 0.03% or Rs. 5.00 whichever is low while SBI Securities charges 0.05% of Transaction Value.
Equity options: This charge applies to equity option contracts. Shoonya charges Flat ₹5 plus GST on per executed order while SBI Securities charges Rs.50 to Rs.100 per lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Shoonya charges 0.03% or Rs. 5.00 whichever is low while SBI Securities charges 0.05% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Shoonya charges Flat ₹5 plus GST on per executed order while SBI Securities charges Rs.50 to Rs.100 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Shoonya charges 0.03% or Rs. 5.00 whichever is low while SBI Securities charges 0.05% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Shoonya charges Flat ₹5 plus GST on per executed order while SBI Securities charges Rs.20 to Rs.30 per lot.
Shoonya vs SBI Securities — Detailed Brokerage Comparison
| Brokerage | Shoonya | SBI Securities |
|---|---|---|
| Brokerage Plan | Standard | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Zero | 0.50% of Transaction Value |
| Equity Intraday | 0.03% or Rs. 5.00 whichever is low | 0.075% of Transaction Value |
| Equity Future | 0.03% or Rs. 5.00 whichever is low | 0.05% of Transaction Value |
| Equity Option | Flat ₹5 plus GST on per executed order | Rs.50 to Rs.100 per lot |
| Commodity Future | 0.03% or Rs. 5.00 whichever is low | 0.05% of Transaction Value |
| Commodity Option | Flat ₹5 plus GST on per executed order | Rs.50 to Rs.100 per lot |
| Currency Future | 0.03% or Rs. 5.00 whichever is low | 0.05% of Transaction Value |
| Currency Option | Flat ₹5 plus GST on per executed order | Rs.20 to Rs.30 per lot |
Shoonya provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. SBI Securities provides mobile app access, web trading and desktop terminal access for its users.
Android app: Shoonya and SBI Securities both list an Android trading app.
iOS app: Shoonya and SBI Securities both list an iOS trading app.
Web trading platform: Shoonya and SBI Securities both list a web trading platform.
Desktop trading terminal: Shoonya and SBI Securities both list a desktop trading terminal.
Algo trading: Shoonya lists algo trading support, while SBI Securities does not currently mention it.
Basket trading: Shoonya and SBI Securities both list basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Shoonya and SBI Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities lists a bonds investment platform, while Shoonya does not currently mention it.
Shoonya vs SBI Securities — Complete Comparison of Trading Platforms
| Trading Platform | Shoonya | SBI Securities |
|---|---|---|
| Android App | Download | SBI Securities Android App Link |
| iOS App | Download | SBI Securities iOS App Link |
| Web Trading Platform | Shoonya Trade | SBI Securities Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | Available | NA |
| Foreign Stocks Platform | No | NA |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | No | NA |
| Bonds Platform | No | Available |
Shoonya highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while SBI Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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 Shoonya and SBI Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Shoonya and SBI Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Shoonya and SBI Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Shoonya and SBI Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Shoonya and SBI Securities offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Shoonya offers this; SBI Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Shoonya and SBI Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Shoonya and SBI Securities offer this feature.
Live market: Live updates on market movements and trends. Both Shoonya and SBI Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Shoonya and SBI Securities offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Shoonya and SBI Securities offer this feature.
Shoonya vs SBI Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Shoonya | SBI Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | 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 Shoonya and SBI Securities.
Free account opening: Shoonya lists free account opening, while SBI Securities does not currently mention it.
Free AMC: Neither broker currently highlights free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Neither broker currently highlights flat brokerage pricing.
Flexible brokerage plans: Shoonya and SBI Securities both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Shoonya lists free delivery trading, while SBI Securities 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 and SBI Securities both list free research reports.
Free trading calls: SBI Securities 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.
Referral offers: SBI Securities offers Upto Rs.700 per Client for referrals; Shoonya does not currently list a referral offer.
Shoonya vs SBI Securities — Comparison of Latest Offers
| Offer | Shoonya | SBI Securities |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | No | |
| Free Brokerage | No | No |
| Flat Brokerage | No | No |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | Yes |
| Free Trading Calls | Yes | |
| Referral Offers | Upto Rs.700 per Client | |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | Yes | |
| Zero Brokerage for Loss-Making Trades | No |
Product availability determines whether a broker can support your preferred markets. Shoonya highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while SBI Securities 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, foreign stocks, mutual funds, banking services, insurance, corporate bonds, government bonds and bonds.
Shoonya vs SBI Securities — Complete Comparison of Products
| Product | Shoonya | SBI Securities |
|---|---|---|
| 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 | Yes | No |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Shoonya and SBI Securities both list Demat services.
Trading services: Shoonya and SBI Securities both list trading services.
Intraday services: Shoonya and SBI Securities both list intraday trading services.
F&O services: Shoonya and SBI Securities both list F&O services.
IPO services: Shoonya and SBI Securities both list IPO services.
3-in-1 account: SBI Securities lists 3-in-1 account support, while Shoonya does not currently mention it.
Stock research: Shoonya and SBI Securities both list stock research.
Stock recommendations: Shoonya and SBI Securities both list stock recommendations.
Trading education: SBI Securities lists trading education, while Shoonya does not currently mention it.
Share pledging: Shoonya and SBI Securities both list share pledging.
PMS or PCG: SBI Securities lists PMS or PCG support, while Shoonya does not currently mention it.
NRI services: SBI Securities lists NRI services, while Shoonya does not currently mention it.
Shoonya provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while SBI Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
Shoonya vs SBI Securities — In-Depth Comparison of Services
| Service | Shoonya | SBI Securities |
|---|---|---|
| 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 | Yes | |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | Yes, Investor Sarathi | |
| 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 Shoonya and SBI Securities.
Shoonya and SBI Securities — Detailed Comparison of Advisory Services
| Advisory | Shoonya | SBI Securities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | |
| Weekly Review | Yes | |
| Relationship Manager | Yes | |
| Robo Advisory | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Shoonya and SBI Securities across different segments.
Shoonya and SBI Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Shoonya | SBI Securities |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | 2x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1X |
| Equity F&O Intraday | 2x | 1.3x |
| Commodity F&O Carry Forward | 1.5x | 1x |
| Commodity F&O Intraday | 1.5x | 1.3x |
| Currency F&O | 1.5x | 1x |
SBI Securities lists a sub-broker program, while Shoonya does not currently mention it. SBI Securities lists a partner program, while Shoonya does not currently mention it. SBI Securities lists a referral program, while Shoonya does not currently mention it.
Shoonya vs SBI Securities — Comparative Analysis of Programs
| Program | Shoonya | SBI Securities |
|---|---|---|
| Sub-Broker Program | Yes | |
| Partner Program | Yes | |
| Referral Program | Yes |
Shoonya provides support through trading desk support, call support, email support, website support and Facebook support. SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Shoonya operates Mumbai branches. SBI Securities operates Available branches.
Shoonya and SBI Securities — Comprehensive Comparison of Customer Support
| Support Channel | Shoonya | SBI Securities |
|---|---|---|
| Trading Support | +91 9779 902 002 | Available, Free |
| Dedicated Dealer | Available, Free | |
| Call Support | +91 1726 670 000 | 022-68545555 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | ||
| Website Support | https://shoonya.com/ | Website Link |
| Facebook Support | https://www.facebook.com/ShoonyaApp/ | Facebook Support Link |
| Twitter / X Support | https://twitter.com/shoonyaapp | Twitter Support Link |
| Telegram Support | https://t.me/Shoonya_App | Telegram Support Link |
| Branches / Offices | Mumbai | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Shoonya carries an overall rating of 4/5, while SBI Securities carries an overall rating of 8.95 / 10.
Shoonya vs SBI Securities — Ratings Comparison
| Rating Parameter | Shoonya | SBI Securities |
|---|---|---|
| Overall Rating | 4/5 | 8.95 / 10 |
| Customer Support | 4/5 | 8.92 / 10 |
| Technology | 4/5 | 9.06 / 10 |
| Charges | 4/5 | 8.99 / 10 |
| Products & Services | 4/5 | 8.90 / 10 |
| Experience | 4/5 | 8.88 / 10 |
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.
Shoonya & SBI Securities — Comparison of Customer Complaints
| Complaint Metric | Shoonya | SBI Securities |
|---|---|---|
| Total Complaints Lodged | 182 | |
| Total Complaints Resolved | 162 | |
| % of Resolved Complaints | 89.01% | |
| Non-Actionable Complaints | 11 | |
| % of Non-Actionable Complaints | 6.04% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Shoonya and SBI Securities.
Shoonya vs SBI Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Shoonya | SBI Securities |
|---|---|---|
| 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.
Shoonya & SBI Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Shoonya | SBI Securities |
|---|---|---|
| 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.
Shoonya and SBI Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Shoonya | SBI Securities |
|---|---|---|
| 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 |
Shoonya lists account opening charges of Free and Demat AMC of Zero. SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
Shoonya vs SBI Securities — Detailed Comparison of Demat Charges
| Demat Charges | Shoonya | SBI Securities |
|---|---|---|
| Account Opening Charges | Free | Rs.850 |
| Annual Maintenance Charges (AMC) | Zero | Rs.750 |
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.
Shoonya vs SBI Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Shoonya | SBI Securities |
|---|---|---|
| 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.
Shoonya and SBI Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Shoonya | SBI Securities |
|---|---|---|
| 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 |