Broker comparison
Alice Blue vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Alice Blue and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
- 0 – 4Cheaper on example trades (Alice Blue – Shoonya (Finvasia))
- 5 – 6Published features (of 9)
| Metric | Alice Blue | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | ₹0 (free equity delivery) |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | ₹5 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) | ₹5 per order (options); ₹5 or 0.03% per order for futures (whichever is lower) |
| AMC | ₹0 (zero AMC) | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) |
| Account opening | Free (online) | Free (online) |
| Trading API | ANT API — Free (per official page) | Shoonya API — Free (per official page) |
| Reported execution speed | Not Disclosed | ≈ 140 ms (median) |
| Algo support | Yes - free ANT API; partnerships with algo platforms | Yes - free API |
| Platforms | ANT Mobi, ANT Web | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Price-sensitive algo traders exploring beyond the biggest names. | High-frequency, cost-obsessed traders who accept a smaller platform. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | Alice Blue | Shoonya (Finvasia) | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹47.57 | Shoonya (Finvasia) (saves ₹35.4) |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹131.78 | Shoonya (Finvasia) (saves ₹47.2) |
| Options: premium ₹100 × 75 | ₹66.43 | ₹31.03 | Shoonya (Finvasia) (saves ₹35.4) |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹1,031.75 | Shoonya (Finvasia) (saves ₹35.4) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Alice Blue | Shoonya (Finvasia) |
|---|---|---|
| Free delivery | – | ✓ |
| Zero AMC | ✓ | ✓ |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | – |
| Research desk | – | – |
| Published speed | – | ✓ |
What the published data shows
Shoonya (Finvasia) publishes free equity delivery; Alice Blue does not (per official pricing at review). Shoonya (Finvasia) publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Alice Blue full profile
- Shoonya (Finvasia) full profile
- Alice Blue brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Alice Blue vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Alice Blue published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Shoonya (Finvasia) as "₹0 (free equity delivery)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Alice Blue or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Alice Blue (ANT API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Alice Blue or Shoonya (Finvasia)?
Shoonya (Finvasia) publishes ≈ 140 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Is Alice Blue cheaper than Shoonya (Finvasia)?
On our four example trades (intraday, delivery, options and futures), Alice Blue is cheaper on 0, Shoonya (Finvasia) on 4, and 0 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing