When it comes to stock trading, choosing the right platform can significantly impact your success as an investor. In the Indian financial market, Shoonya and Zerodha are two leading players. Both offer a range of services and features for traders.
This article will look at the two platforms across various parameters to help you determine which one is better suited for your needs. Let’s take a look at Shoonya vs Zerodha.
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About Shoonya
Shoonya is a discount brokerage platform that aims to provide customers with simple, transparent, and affordable trading services. Founded in 2018, Shoonya has quickly gained popularity due to its low brokerage charges and user-friendly interface. The platform offers services in equity, currency, and commodity trading.
About Zerodha
Zerodha, founded in 2010, is India’s largest stockbroker by the number of active clients. The platform offers various services, including equity, currency, commodity trading, and direct mutual funds. Zerodha is known for its low-cost brokerage model and advanced trading platforms like Kite and Coin.
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Shoonya vs Zerodha
- Account Opening Charges and AMC
- Shoonya: Account opening charges are ₹150, and the annual maintenance charge (AMC) is ₹0.
- Zerodha: Account opening charges are ₹200 for equity and ₹300 for commodity accounts. The AMC is ₹300 per year.
- Brokerage Plans
- Shoonya: Offers a single brokerage plan with a flat ₹20 charge per executed order across all segments.
- Zerodha: Provides a single brokerage plan with zero brokerage for delivery trades and ₹20 or 0.03% (whichever is lower) for intraday trades, and F&O trades.
- Account Opening Request
- Shoonya: Customers can open an account online in just a few minutes.
- Zerodha: The account opening process is entirely online and takes about 5-10 minutes to complete.
- Brokerage Charges
- Shoonya: Charges a flat ₹20 per executed order across all segments.
- Zerodha: Charges zero brokerage for delivery trades and ₹20 or 0.03% (whichever is lower) for intraday trades, and F&O trades.
- Account Features
- Shoonya: Offers services in equity, currency, and commodity trading, along with a user-friendly interface and low brokerage charges.
- Zerodha: Provides services in equity, currency, commodity trading, and direct mutual funds. It offers advanced trading platforms like Kite and Coin, along with other features such as Console and Sentinel.
- Trading Platform
- Shoonya: The platform provides a user-friendly interface with an easy-to-navigate website and mobile app.
- Zerodha: Offers advanced trading platforms like Kite for web and mobile, and Coin for mutual funds. Kite provides various features such as advanced charts, indicators, and technical analysis tools.
- Investment Offerings
- Shoonya: Focuses on equity, currency, and commodity trading.
- Zerodha: Provides a comprehensive suite of investment offerings, including equity, currency, commodity trading, direct mutual funds, government securities, and bonds.
Shoonya vs Zerodha: At a Glance
| Parameters | Shoonya | Zerodha |
| Account Opening Charges | Zero | Zero |
| Annual Maintenance Charges (AMC) | Zero | ₹300 + 18% GST |
| Brokerage Plans | Single, zero-brokerage plan | Multiple plans, including flat fee per executed order |
| Account Opening Process | Fully online | Online with possible video verification |
| Brokerage Charges | Zero for all segments (Equity, Derivatives, Currency, Commodities) | User-friendly web platform with a highly-rated mobile app (Zerodha Kite) |
| Account Features | Basic (order placement, portfolio tracking, margin funding) | Wider range (advanced charting, research reports, educational resources) |
| Trading Platform | Web-based with mobile app | User-friendly web platform with highly-rated mobile app (Zerodha Kite) |
| Investment Offerings | Equity, Derivatives, Currency, Commodities | Equity, Derivatives, Currency, Commodities, Mutual Funds |
Which one is better?
Ultimately, the choice between Shoonya and Zerodha depends on your preferences and trading requirements. Shoonya might be suitable for those who prioritize simplicity and low-cost trading. On the other hand, Zerodha is a better option for traders who require advanced trading platforms, direct mutual funds, and a wide range of investment offerings.
Both platforms offer competitive pricing and are well-respected within the industry, so it is important to assess your needs carefully and choose the one that aligns with your investment goals and priorities.
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Frequently Asked Questions
Shoonya is suitable for simplicity and low-cost trading, while Zerodha offers advanced platforms, direct mutual funds, and a wide range of investment offerings.
Customers pay no commissions while dealing with Finvasia. Brokerage-free trading is provided across all exchanges and sectors. Finvasia also doesn’t impose a clearing fee.
Yes, Zerodha is 100% safe to use. They are regulated by SEBI and have a strong track record of customer satisfaction.
