Broker comparison
Fyers vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Fyers and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
- 0 – 4Cheaper on example trades (Fyers – Shoonya (Finvasia))
- 6 – 6Published features (of 9)
| Metric | Fyers | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 or 0.3% per order (whichever is lower) | ₹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 (options); ₹20 or 0.03% 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 (₹0 account opening) | Free (online) |
| Trading API | Fyers API — Free (per official API page) | Shoonya API — Free (per official page) |
| Reported execution speed | p99 < 7 ms (processing, self-reported)self-reported | ≈ 140 ms (median) |
| Algo support | Yes - free API; TradingView-based platform | Yes - free API |
| Platforms | Fyers app, Fyers Web, TradingView charts | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Chart-driven and algorithmic traders who live in TradingView. | 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 | Fyers | 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 | Fyers | 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; Fyers does not (per official pricing at review). Both publish execution-speed figures (Fyers: p99 < 7 ms (processing, self-reported); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Fyers full profile
- Shoonya (Finvasia) full profile
- Fyers brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Fyers vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Fyers published delivery brokerage as "₹20 or 0.3% 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 Fyers or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Fyers (Fyers API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Fyers or Shoonya (Finvasia)?
Fyers publishes p99 < 7 ms (processing, 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 Fyers cheaper than Shoonya (Finvasia)?
On our four example trades (intraday, delivery, options and futures), Fyers 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
- Fyers - official website - https://fyers.in
- Fyers - official pricing - https://fyers.in/pricing/
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing