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Not Regulated
Score
1.48 /10
Danger
Shoonya
2-5 yearsQuestionable Regulatory License
Self-developed
High Potential Risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.89
Risk Management Index0.00
Software Index4.74
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2026-05-07
- This broker lacks valid forex regulation. Please be aware of the risk!
WikiFX Verification
| Shoonya Review Summary | |
| Founded | 2016 |
| Registered Country/Region | India |
| Regulation | No regulation |
| Market Instruments | Stocks (Indian), Futures, Options, Commodities, Currencies (INR pairs), Mutual Funds |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | Shoonya Desktop App, Shoonya Web Platform, Shoonya Mobile App |
| Minimum Deposit | ₹0 |
| Customer Support | Phone: +91 9779 902 002 |
| Email: clientsupport@shoonya.com | |
Shoonya Information
Shoonya is situated in India and started in 2016. It is not a regulated financial broker and does not have to follow SEBI rules. The platform gives you cheap access to Indian market instruments like stocks, futures, options, commodities, currencies, and mutual funds on desktop, online, and mobile devices.
Pros and Cons
| Pros | Cons |
| Zero brokerage on equity delivery | No regulation |
| Clear fee structure | No demo accounts |
| No MT4/MT5 | |
| No info on deposit and withdrawal |
Is Shoonya Legit?
No. Shoonya is not a financial broker that is licensed or regulated. Even though it looks like it's based in India, it isn't registered with the Securities and Exchange Board of India (SEBI) or any other official Indian financial regulatory body. Please be aware of the risk!
WHOIS records show that the domain shoonya.comwas registered on November 15, 2007, and it is still operational. The domain will run out on November 15, 2025, and the last time it was updated was on October 31, 2024. “Client transfer prohibited” is its current status.
What Can I Trade on Shoonya?
Shoonya provides access to a wide range of Indian market products, such as stocks, futures, options, currencies, commodities, and mutual funds. Trading is offered on major Indian exchanges like the NSE, BSE, MCX, and NCDEX.
| Tradable Instruments | Supported |
| Stocks (Indian) | ✔ |
| Futures | ✔ |
| Options | ✔ |
| Commodities | ✔ |
| Currencies (INR pairs) | ✔ |
| Mutual Funds | ✔ |
| Indices | ✘ |
| Cryptocurrencies | ✘ |
| Bonds | ✘ |
| ETFs | ✘ |
Investor Type
| Investor Type | Suitable for |
| Retail | Standard account for individual resident investors in India |
| NRIs | For Non-Resident Indians—allows trading in Indian markets under RBI & FEMA guidelines |
| FPIs | For Foreign Portfolio Investors—institutional access to Indian capital markets |
| HNIs | For High Net-Worth Individuals—tailored services, higher exposure, personalized support |
Shoonya Fees
Shoonya's fees are among the lowest in the business, distinguishing it as a budget-friendly broker. It pioneered the zero-brokerage strategy for equity delivery and maintains fees low in other categories, making it extremely competitive, particularly for retail investors.
| Segment | Brokerage |
| Equity Delivery | ₹0 (Zero Brokerage) |
| Equity Intraday | 0.03% or ₹5 (whichever is lower) |
| Equity Futures | |
| Equity Options | Flat ₹5 + GST |
| ETF Intraday | 0.03% or ₹5 (whichever is lower) |
| Currency Derivatives | ₹5 per order |
| Commodity Derivatives |
| Non-Trading Fees | Amount |
| Account Opening | ₹0 |
| Annual Maintenance (AMC) | |
| Call & Trade | |
| Platform Charges | |
| DP (Depository Participant) | ₹9 + GST per scrip |
| Pledge Charges | ₹20 per instruction |
| Un-Pledge Charges | |
| Clearing Charges (NSE/BSE) | ₹0 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Shoonya Desktop App | ✔ | Windows, macOS | / |
| Shoonya Web Platform | ✔ | Web (Chrome, Firefox, etc.) | / |
| Shoonya Mobile App | ✔ | iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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