Broker comparison
Paytm Money vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Paytm Money and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
- 0 – 4Cheaper on example trades (Paytm Money – Shoonya (Finvasia))
- 3 – 6Published features (of 9)
| Metric | Paytm Money | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 per order (accounts opened on or after 25 Aug 2023) | ₹0 (free equity delivery) |
| Intraday brokerage | ₹20 per order (flat) | ₹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 demat AMC (per official site) | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) |
| Account opening | See official pricing page | Free (online) |
| Trading API | Paytm Money API | Shoonya API — Free (per official page) |
| Reported execution speed | Not Disclosed | ≈ 140 ms (median) |
| Algo support | Yes - via trading API | Yes - free API |
| Platforms | Paytm Money app, Paytm Money web | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Paytm users who want investing and broking inside one ecosystem. | 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 | Paytm Money | 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 | Paytm Money | 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; Paytm Money does not (per official pricing at review). Shoonya (Finvasia) publishes an execution-speed figure; Paytm Money does not on verifiable sources.
Tools & profiles
- Paytm Money full profile
- Shoonya (Finvasia) full profile
- Paytm Money brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
Related comparisons
- Zerodha vs Paytm Money
- Zerodha vs Shoonya (Finvasia)
- Upstox vs Paytm Money
- Upstox vs Shoonya (Finvasia)
- Groww vs Paytm Money
- Groww vs Shoonya (Finvasia)
Frequently asked questions
Paytm Money vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Paytm Money published delivery brokerage as "₹20 per order (accounts opened on or after 25 Aug 2023)" 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 Paytm Money or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Paytm Money (Paytm Money API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Paytm Money or Shoonya (Finvasia)?
Shoonya (Finvasia) publishes ≈ 140 ms (median). Paytm Money has no verifiable execution-speed figure we could cite.
Is Paytm Money cheaper than Shoonya (Finvasia)?
On our four example trades (intraday, delivery, options and futures), Paytm Money 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
- Paytm Money - official website - https://www.paytmmoney.com
- Paytm Money - official pricing - https://www.paytmmoney.com/stocks/pricing
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing