Shoonya vs Zerodha Review & Brokerage Charges

In India, Shoonya and Zerodha are two well-known online trading platforms that offer no-brokerage services in a number of fields. But they are not the same in many ways, such as the trading features, pricing, user experiences, and customer service. The following are some ways that we will compare Shoonya vs Zerodha in this article:

• Trading Platform
• Brokerage Charges
• Margin Requirements
• Algorithmic Trading
• Mutual Fund Investments
• Customer Support

Shoonya vs Zerodha: Trading Platform

Shoonya has a complete and easy-to-use trading platform with advanced charting tools, market insights, research reports, and expert analysis. Additionally, Shoonya offers more than 100 technical indicators that can be changed to suit the needs of the user. Chart IQ also has powerful charts and screeners that traders can use to their advantage.

The trading platform that Zerodha uses, called Zerodha Kite, is famous for making trading easy and smooth. Traders can get real-time data, different types of orders, and market watchlists that they can customize. Zerodha Kite also has a quick and dependable system for executing orders that makes sure there is little slippage and latency.

Shoonya vs Zerodha: Brokerage Charges

Shoonya and Zerodha both offer free brokerage services for all types of trades, such as delivery of stocks, intraday trading of stocks, futures and options, and commodities. Of course, they charge different fees for things like opening an account, annual maintenance charges (AMC), transaction fees, stamp duty, GST, and so on.

Shoonya charges ₹0 to open an account and ₹0 AMC. It also charges transaction fees of 0.00325% of the turnover for intraday and delivery trades in stocks. It charges 0.0021% of the turnover as transaction fees for trades in futures and options. It also charges GST at 18% of the brokerage fee plus transaction fees, as well as stamp duty based on the user’s home state.

Zerodha charges Rs. 200 to open an account and ₹0 AMC. It also charges transaction fees of 0.00325% of the turnover for intraday and delivery trades in stocks. It charges 0.0021% of the turnover as transaction fees for futures trades. It also charges GST at 18% of the brokerage plus transaction fees and stamp duty.

Shoonya vs Zerodha: Margin Requirements

Shoonya supports algorithmic trading, which lets traders make their trading strategies more efficient by automatically making trades based on rules and conditions that have already been set. With this feature, traders can quickly take advantage of market opportunities without having to do anything manually.

Through its platform, Zerodha does not offer algorithmic trading. Zerodha does, however, offer an API service called Kite Connect that lets users connect their own trading apps to the platform. Third-party platforms, like Streak or Sensibull, that offer algorithmic trading solutions can also be used by users.

Shoonya vs Zerodha: Mutual Fund Investments

Users of Zerodha can invest in mutual funds directly through the platform, and there are no fees or commissions for doing so. Users can pick from more than 3,000 mutual fund schemes from a wide range of fund houses and categories. Zerodha Coin also lets users keep an eye on how their portfolios are doing and get tax report as well.

On its platform, Shoonya does not offer direct investments in mutual funds. People who want to invest in mutual funds through Shoonya must use a separate app called Finvasa MF.

Shoonya vs Zerodha: Customer Support

You can get help from Shoonya’s customer service team by phone, email, chatbot, social media, and online forums. Users can also find answers to their questions in Frequently Asked Questions (FAQs), tutorials, videos, blogs, webinars, and other places.

Zerodha has ways for customers to get help: by phone, email, social media, and online forums. Users can also find answers to their questions in Frequently Asked Questions (FAQs), tutorials, videos, blogs, webinars, and other places. Zerodha doesn’t provide Chatbot.

Who should choose what?

Both Shoonya and Zerodha are great online trading platforms that offer services across a wide range of markets with no brokerage fees. They do, however, have different pros and cons that may make them better for certain types of traders and investors.

Regular traders will find Shoonya useful if they want to improve their trading strategies with advanced charting tools and algorithmic trading features.

Zerodha is great for people who want to buy mutual funds through their platform without having to pay any fees or commissions.

Shoonya vs Zerodha: All charges