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 Zerodha
Shoonya lands on Depends, and Zerodha lands on Worth it.
Zerodha
Worth it
Confidence: Medium
Buy if you are an India-based retail investor or trader who wants low flat fees and a mature, beginner-friendly platform.
| Compare | Shoonya | Zerodha |
|---|---|---|
| Verdict | Depends | Worth it |
| Best for | Cost-conscious active traders | Beginner Indian investors |
| Who it's not for | Long-term investors who trade rarely | US/global investors . India-only accounts; use Interactive Brokers instead |
| Privacy | No known public vulnerabilities found in the sources reviewed.13 | SEBI-regulated broker with segregated client funds and Cloudflare WAF; one reported cybersecurity incident and a 2021 platform outage. |
| Support quality | Only ticket-tracking FAQ found | 2021 glitch drew public investor fury |
| Public sentiment | Reddit traders weigh Shoonya mainly on its low brokerage, with some threads actively hunting for alternatives.⁹ | Users praise Zerodha as a cheap, beginner-friendly broker while grumbling about per-order charges and occasional outages. |
| Biggest gotcha | April 2023 bogus-order glitch reportedly caused trader losses; ask about current safeguards⁶ | A 2021 exchange glitch froze the platform during market hours; plan for downtime risk |
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 Zerodha when
- Beginner Indian investors
- Cost-conscious active traders
- DIY long-term investors (ETFs, mutual funds)
- Intraday and F&O traders
When Zerodha is not a fit
- US/global investors . India-only accounts; use Interactive Brokers instead
- Anyone wanting advisory or robo guidance . it is just a broker
- Uptime-critical day traders . live outages have happened
- Foreign nationals without Indian PAN/KYC
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
- Zerodha homepagezerodha.comofficial
- Zerodha productszerodha.comofficial