Broker comparison

Dhan vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared

Q: Dhan vs Shoonya (Finvasia): which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" 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.

Q: Does Dhan or Shoonya (Finvasia) have a trading API?

Both have documented APIs at review time: Dhan (DhanHQ API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Dhan or Shoonya (Finvasia)?

Dhan publishes 95% < 25 ms (DEXT, self-reported); 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.

Q: Is Dhan cheaper than Shoonya (Finvasia)?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 0, Shoonya (Finvasia) on 3, and 1 are tied. Statutory charges are identical, so any difference comes from brokerage.

Q: 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.

Side-by-side comparison of Dhan and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

0 – 3Cheaper on example trades (Dhan – Shoonya (Finvasia))
7 – 6Published features (of 9)

Dhan vs Shoonya (Finvasia) — published pricing and features (official sources at last review)
Metric	Dhan	Shoonya (Finvasia)
Delivery brokerage	₹0 (free)	₹0 (free equity delivery)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	₹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	₹0 (individuals & HUFs)	₹0 (individuals; ₹900 for corporate, trust and LLP accounts)
Account opening	Free (online)	Free (online)
Trading API	DhanHQ API — Free trading API; Data API ₹499 + taxes per month	Shoonya API — Free (per official page)
Reported execution speed	95% < 25 ms (DEXT, self-reported)self-reported	≈ 140 ms (median)
Algo support	Yes - free DhanHQ API; native TradingView charts and order placement	Yes - free API
Platforms	Dhan app, Dhan web, TradingView integration, Options Trader app	Shoonya app, Shoonya web, Shoonya desktop
Best for (published)	Options traders and TradingView users who want modern tooling at flat-fee pricing.	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

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Dhan	Shoonya (Finvasia)	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹47.57	Shoonya (Finvasia) (saves ₹35.4)
Delivery: ₹50,000 buy & sell	₹131.78	₹131.78	Tie
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	Dhan	Shoonya (Finvasia)
Free delivery	✓	✓
Zero AMC	✓	✓
Free API	✓	✓
TradingView	✓	–
MCX commodity	✓	✓
Mutual funds	–	✓
IPO	✓	–
Research desk	–	–
Published speed	✓	✓

What the published data shows

Both publish execution-speed figures (Dhan: 95% < 25 ms (DEXT, self-reported); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Dhan vs Shoonya (Finvasia): which has lower delivery brokerage?

At our last review, Dhan published delivery brokerage as "₹0 (free)" 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 Dhan or Shoonya (Finvasia) have a trading API?

Both have documented APIs at review time: Dhan (DhanHQ API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Dhan or Shoonya (Finvasia)?

Dhan publishes 95% < 25 ms (DEXT, self-reported); 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 Dhan cheaper than Shoonya (Finvasia)?

On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 0, Shoonya (Finvasia) on 3, and 1 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

Dhan - official website - https://dhan.co
Dhan - official pricing - https://dhan.co/pricing/
Shoonya (Finvasia) - official website - https://shoonya.com
Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing