Broker comparison
Shoonya (Finvasia) vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Shoonya (Finvasia) and IIFL Securities from published official pricing and features — no affiliation with either broker.
- 3 – 0Cheaper on example trades (Shoonya (Finvasia) – IIFL Securities)
- 6 – 5Published features (of 9)
| Metric | Shoonya (Finvasia) | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹0 (free equity delivery) | 0.25% per order (Investor Plan - Online Plus, per official rate card) |
| Intraday brokerage | ₹5 or 0.03% per order (whichever is lower) | 0.025% per order (Investor Plan - Online Plus) |
| F&O brokerage | ₹5 per order (options); ₹5 or 0.03% per order for futures (whichever is lower) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) |
| AMC | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) | Free first year, then ₹250 + GST per year |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | Shoonya API — Free (per official page) | IIFL Securities API |
| Reported execution speed | ≈ 140 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - free API | Yes - via IIFL trading API |
| Platforms | Shoonya app, Shoonya web, Shoonya desktop | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | High-frequency, cost-obsessed traders who accept a smaller platform. | Investors who want a full-service broker with in-house research and wide product coverage. |
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 | Shoonya (Finvasia) | IIFL Securities | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹47.57 | ₹95.06 | Shoonya (Finvasia) (saves ₹47.49) |
| Delivery: ₹50,000 buy & sell | ₹131.78 | ₹441.53 | Shoonya (Finvasia) (saves ₹309.75) |
| Options: premium ₹100 × 75 | ₹31.03 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,031.75 | ₹2,083.06 | Shoonya (Finvasia) (saves ₹1,051.31) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Shoonya (Finvasia) | IIFL Securities |
|---|---|---|
| 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; IIFL Securities does not (per official pricing at review). Both publish execution-speed figures (Shoonya (Finvasia): ≈ 140 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Shoonya (Finvasia) full profile
- IIFL Securities full profile
- Shoonya (Finvasia) brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Shoonya (Finvasia) vs IIFL Securities: which has lower delivery brokerage?
At our last review, Shoonya (Finvasia) published delivery brokerage as "₹0 (free equity delivery)" and IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Shoonya (Finvasia) or IIFL Securities have a trading API?
Both have documented APIs at review time: Shoonya (Finvasia) (Shoonya API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Shoonya (Finvasia) or IIFL Securities?
Shoonya (Finvasia) publishes ≈ 140 ms (median); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Shoonya (Finvasia) cheaper than IIFL Securities?
On our four example trades (intraday, delivery, options and futures), Shoonya (Finvasia) is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges