Shoonya vs Upstox
Comparison of charges, features, and platform quality. Both Shoonya and Upstox are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both Shoonya and Upstox are top-rated Discount brokers.
Shoonya Wins on:
Best For IntradayBetter choice if you prioritize true zero brokerage forever and need zero cost, api.
Upstox Wins on:
Best For IntradayBetter choice if you prioritize fast trading platform (pro) and need fast app, pro tools.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹0 (Lifetime Free) | ₹150/year |
| Equity Delivery | ₹0 | ₹20 or 2.5% |
| Intraday Tradng | ₹0 | ₹20 or 0.05% |
| Active Clients | 1 Lakh+ | 30 Lakhs+ |
| Rating | 3.8 | 4.6 |
| Best For | Intraday, Options | Intraday, Options |
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| Cons |
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Brokerage Charges Explained
Shoonya Fees
For equity delivery, ₹0 applies. If you trade Intraday, you pay ₹0 per order.
This makes it suitable for frequent traders.
Upstox Fees
For equity delivery, ₹20 or 2.5% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for frequent traders.
Trading Platform & App
ShoonyaShoonya's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
UpstoxUpstox's platform focuses on research and data. Users find it powerful for detailed tracking.
Choose Shoonya if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer zero cost features.
Choose Upstox if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer fast app features.
Pros & Cons Comparison
Shoonya
Advantages
- True Zero Brokerage forever
- Zero Clearing charges
- API Trading
Disadvantages
- Tech stack can be unstable
- Customer support is basic
Upstox
Advantages
- Fast trading platform (Pro)
- Good charting tools
- Margin against shares
Disadvantages
- Delivery is charged (₹20)
- Customer support mixed reviews
- Downtime issues occasionally
