Broker comparison
Angel One vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Angel One and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
- 0 – 4Cheaper on example trades (Angel One – Shoonya (Finvasia))
- 6 – 6Published features (of 9)
| Metric | Angel One | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹0 (free equity delivery) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | ₹5 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹5 per order (options); ₹5 or 0.03% per order for futures (whichever is lower) |
| AMC | Free first year, then ₹60 + GST per quarter (non-BSDA) | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) |
| Account opening | Free (online) | Free (online) |
| Trading API | SmartAPI — Free (per official SmartAPI page) | Shoonya API — Free (per official page) |
| Reported execution speed | ≈ 95 ms (median) | ≈ 140 ms (median) |
| Algo support | Yes - free SmartAPI with multi-language SDKs | Yes - free API |
| Platforms | Angel One app, Angel One web, SpeedPro | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Traders who want flat-fee pricing plus research, or a free multi-language API. | 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 | Angel One | 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 | Angel One | 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; Angel One does not (per official pricing at review). Both publish execution-speed figures (Angel One: ≈ 95 ms (median); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Angel One full profile
- Shoonya (Finvasia) full profile
- Angel One brokerage calculator
- Shoonya (Finvasia) brokerage calculator
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Frequently asked questions
Angel One vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Angel One published delivery brokerage as "₹20 or 0.1% per order (whichever is lower), minimum ₹5" 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 Angel One or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Angel One (SmartAPI), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Angel One or Shoonya (Finvasia)?
Angel One publishes ≈ 95 ms (median); Shoonya (Finvasia) publishes ≈ 140 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Angel One cheaper than Shoonya (Finvasia)?
On our four example trades (intraday, delivery, options and futures), Angel One 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
- Angel One - official website - https://www.angelone.in
- Angel One - official pricing - https://www.angelone.in/pricing
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing