Shoonya
Depends
Confidence: Medium
A fit for cost-sensitive Indian active traders and algo traders who prioritize low brokerage over everything else.
Comparison
Shoonya vs Groww
Shoonya and Groww both land on Depends.
Groww
Depends
Confidence: Medium
A solid pick for first-time Indian investors wanting simple stock and direct mutual fund investing in one app.
| Compare | Shoonya | Groww |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Cost-conscious active traders | First-time Indian investors |
| Who it's not for | Long-term investors who trade rarely | Active F&O traders needing advanced tools |
| Privacy | No known public vulnerabilities found in the sources reviewed.13 | One public CVE (Android app auth bypass); company runs a bug bounty, employs a CISO, and publishes security practices. |
| Support quality | Only ticket-tracking FAQ found | 'Very bad experience' and 'most poor service' reviews |
| Public sentiment | Reddit traders weigh Shoonya mainly on its low brokerage, with some threads actively hunting for alternatives.⁹ | Users praise Groww's simplicity but frequently complain about hidden charges and poor customer support.15 |
| Biggest gotcha | April 2023 bogus-order glitch reportedly caused trader losses; ask about current safeguards⁶ | Multiple Reddit threads allege total costs land higher than marketing implies; verify each trade's breakdown. |
Pick Shoonya when
- Cost-conscious active traders
- Indian F&O and intraday scalpers
- Algo traders wanting cheap API execution
When Shoonya is not a fit
- Long-term investors who trade rarely
- Beginners wanting guided, hand-holding support
- Traders needing glitch-free execution guarantees
- US and global-market investors
Pick Groww when
- First-time Indian investors
- Direct mutual fund SIPs
- Mobile-first casual traders
- One-app stocks + MF portfolio
When Groww is not a fit
- Active F&O traders needing advanced tools
- Anyone needing fast, reliable support
- Cost-sensitive traders wary of hidden charges
- Users wanting deep charting and pro order types
Sources
- Shoonya: Demat & Trading Accountshoonya.comofficial
- Shoonya Pricing & Brokerage Chargesshoonya.comofficial
- Shoonya Brokerage Calculatorshoonya.comofficial
- Shoonya brokerage FAQshoonya.comofficial
- Shoonya F&O tradingshoonya.comofficial
news
- Shoonya Review: Brokerage Charges, Margins & Tradingselect.finology.inreview
review
- How is Shoonya App?reddit.comreview
- Shoonya By Finvasia | Algo Trading docsdocs.algotest.inreview
- SHOONYA - App Storeapps.apple.comreview
- Shoonya product security pageshoonya.comsecurity
security
- Groww Trustpilot reviewstrustpilot.comreview
- Groww hidden fees threadreddit.comreview