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Product Details
Brokerage and Fees
  • Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 0

  • Brokerage Charge For Intraday Trading: INR 0.

  • Brokerage Charge For Options Trading: INR 0 per executed order.

  • Depository Participant Charges: INR 9 + GST per scrip. 

  • Account Opening Charges: INR 0

  • Annual Maintenance Charge: INR 0.

  • Payment Gateway Charges Netbanking: INR 0 each time you add funds to your account. 

  • Payment Gateway Charges UPI: INR 0

  • Overdue Interest Charges: N.A., your positions will be squared off in case of insufficient interest. 

  • Monthly Platform Fee: INR 0 per month

  • Digital KYC Charges: INR 0

  • Physical Settlement Charges: N.A.

  • Call & Trade Order: INR 0.

Account Opening Fees

Free

Eligibility
Be an Indian citizen Be above 18 years of age Have a bank account with an IFSC code
Annual Fees

Free

Shoonya
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Shoonya

Special Features

Zero brokerage: Shoonya offers zero brokerage on all investment categories. 

Features
Cons
  • Shoonya recently faced a technical glitch which caused losses to option traders. Shoonya needs to improve its tech stack. 

  • Limited physical presence. 

  • Not part of any financial conglomerate. 

Pros
  • Clean user interface.

  • Zero brokerage. 

  • Multiple research tools and reports.

  • Zero brokerage mutual fund investment. 

Pros and Cons
How to Apply?

To open an account with Shoonya, you can follow these steps:

  1. Visit the Shoonya website: Go to the Shoonya website at https://shoonya.com/ and click on the "Open Your Account" button.

  2. Fill in your details: Enter your email ID and mobile number. You will receive an OTP (One Time Password) on your email and mobile number.

  3. Verify OTP: Enter the OTPs received on your email and mobile number to verify them.

  4. Provide PAN and Date of Birth: Enter your PAN card number and date of birth. Click on "Submit" to proceed.

  5. Complete the online application form: Fill in all the required details in the online application form. This includes personal information, bank account details, nominee details, and other necessary information.

  6. Upload documents: Upload scanned copies of the required documents. This typically includes your PAN card, address proof, bank statement, and photograph.

  7. E-sign the application: E-sign the application using Aadhaar OTP or electronic signature.

  8. Complete In-Person Verification (IPV): Shoonya requires an In-Person Verification (IPV) to be done through a video call to verify your identity.

After completing these steps, your application will be reviewed by Shoonya. Once approved, your account will be opened, and you will receive the login credentials.

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Documents Required
PAN card Aadhaar card Cancelled cheque from your linked bank account Photograph
Account Opening and Procedures
Shoonya Review

Shoonya has one of the lowest brokerage in India for equity deliver trades (normal stock purchase trades). Shoonay also offers multiple research tools and research reports. It also has a clean and simple interface.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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