Shoonya Review: Unveiling the Pros and Cons of this Broker on Garv Thakur's Platform
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Shoonya Review | Brokerage Charges, Account Opening
‘Simply Commission Free’ is a tagline of Shoonya which strongly believes that adding value & quality to the products & services will have more meaning in the future rather than charging brokerage. Shoonya financial services private limited is an Indian Fintech company started by Shoonya founder or Shoonya owner Ex Wall Street banker Mr. Tajinder Pal Singh and his brother Mr. Sarvjeet Singh in 2009 in Canada and after registering with SEBI as Foreign Institutional Investor (FII), Shoonya securities private limited ventured into India and now having a good Shoonya active clients.
Shoonya broker review
Shoonya history: In 2013, Shoonya broker entered into the retail brokerage market after receiving regulatory approvals from NSE and MCX. Later on, in 2015, it became the member of BSE and The Association of Mutual Funds in India (AMFI). In 2016, Shoonya was named among the 20 most promising banking solution companies by Silicon India. By proper Shoonya api documentation you can trade by using Shoonya API to write your own computer programs for trading or using the third-party trading platform.
Shoonya NRI account offers trading services for NRIs in Indian stock market. Shoonya open account is totally free of cost. download shoonya Shoonya and from google play store.
Shoonya Review
The company was growing day by day. In 2018, Shoonya became member of NCDEX and got the approval from SEBI to allow its clients to trade on BSE, NSE, MCX and NCDEX from a single trading account. In the brokerage industry, Shoonya Shoonya review presents that it is one of the trustworthy brokers who does not have Shoonya brokerage charges in any segment i.e. Rs.0 brokerage on trading. As well as provide Shoonya hedge margin to hedging traders.
Shoonya funding does not charges any Shoonya fees for the demat and trading account i.e. Rs.0 charges on opening of demat and trading account and Rs.0 Account Maintenance Charges (AMC). You can check your holdings and Shoonya statement or different Shoonya reports or Shoonya tax report through Shoonya back office or back office Shoonya or Shoonya login.
Shoonya intraday margin or Shoonya intraday leverage will be 20% of the trade value based on the volatility of the stock From Shoonya API or API Shoonya review that its offer free API for advance level trading experience. Shoonya charges per month fee for using most of the trading software. You can trade with btst in Shoonya by using Shoonya back office login in prism Shoonya with baske¬t order in Shoonya and amo order Shoonya.
Shoonya order types
With brokers like Shoonya you can earn profit through algo trading Shoonya by using API Bridge which enables your trading with intelligence for strategy management, order management, risk management and portfolio management. There are no fees for Shoonya bracket order charges or Shoonya bracket order and Shoonya basket order. You can check your all order buy /sell transcations in Shoonya ledger received on your registered mail id.
Account opening in Shoonya
You don’t need to pay any amount for Shoonya account opening as Shoonya demat account.
• Shoonya Trading Account Opening Charges - ₹0
• Shoonya Demat Account Opening Charges - ₹0 (₹199 for Power of Attorney)
• Shoonya Trading AMC or - ₹0
• Shoonya demat charges or Shoonya amc charges - ₹0 (₹1000 for corporate clients)
• DP charges in Shoonya is Rs 9+GST per scrip.
• Shoonya account opening time takes upto 24 hours.
Shoonya dp charges
Shoonya HUF account is available to its customers and Shoonya bo id or bo id Shoonya is an owner Identification Number or Demat Account Number which is of 16 digits consisting of 08 digits Shoonya dp id and 08 digits Client ID. There are some Shoonya fund transfer charges if you transfer through payment Gateway: Rs 7+GST / transaction charges. Shoonya is safe so you can easily place request for Shoonya f&o activation.
Shoonya brokerage
While buying and selling of stocks, traders need to pay brokerage to the broker which can be variable from one broker to another.
• Futures – Equity / Currency / Commodity: ₹0
• Options – Equity / Currency: ₹0
• Delivery – Equity: ₹0
• Intraday – Equity: ₹0
• Call and Trade – Free
• DP charges for delivery-based equity selling - ₹9 per transaction
For Shoonya brokerage calculator and Shoonya leverage plans charges and brokerage calculator Shoonya you can visit to the Shoonya website. Refer Shoonya to your friends and family to participate in Shoonya refer and earn programme with zero Shoonya hidden charges and Shoonya trading charges.
Shoonya Broker Review on Regulatory & Exchanges charges
Type of Charges | Transaction Charges | STT/CTT |
Currency Options | ₹4000/Cr of premium | No STT |
Equity Futures | ₹325/Cr | 0.01% on Sell Side |
Equity Intraday | ₹325/Cr | 0.025% on the Sell Side |
Equity Options | ₹5000/Cr | 0.05% on Sell Side (on Premium) |
Commodity | ₹260/Cr | 0.01% on sell side (Non-Agri)/ 0.05% on sell side |
Currency Futures | ₹115/Cr | No STT |
Equity Delivery | ₹325/Cr | 0.1% on both Buy and Sell |
Note – Stamp duty for all states will be charged as per UT Chandigarh except for Maharashtra, Gujarat, Andhra Pradesh, Kerala, Karnataka, West Bengal, Telangana, Tamil Nadu, Haryana, Delhi and Rajasthan.
Shoonya Trading Platform Review and Charges
Shoonya App review that it charges some amount on using of trading software which are as follows
• ScalperT – Free
• NSE NOW – NSE: ₹0 | BSE: ₹149 per segment per month
• NEST - ₹49 per exchange per month, ₹99 for bracket order
• Presto - ₹1599
• Blitz Trader - ₹2999
Leverage in Shoonya
Shoonya leverage for different segments or Shoonya intraday leverage are mention below:
Segment | Margin |
Equity Options | 1x (100% of NRML margin (Span + Exposure) |
Equity Intraday | 5x (Up to 20% of trade value) |
Currency Options | 1x (100% of NRML margin (Span + Exposure) |
Commodity Options | 1x (100% of NRML margin (Span + Exposure) |
Commodity Futures | 1x (100% of NRML margin (Span + Exposure) |
Equity Delivery | 1x (100% of trade value) |
Currency Futures | 1x (100% of NRML margin (Span + Exposure) |
Shoonya margin funding offers Shoonya collateral margin of up to 10x for equity intraday trading. Shoonya reviews that Shoonya india provides a wide range of software and tools for Shoonya trading, technical & fundamental analysis such as ScalperT, Omnesys NEST, NSE Now, Symphony, Amibroker etc. For Shoonya option margin calculator and Shoonya option selling margin or Shoonya margin calculator you can visit the website.
Shoonya Securities Review and its Advantages & Disadvantages
Shoonya is enhancing their services day by day, let us focus on pros & cons of Shoonya.
Advantages
Shoonya users may have the following advantages:
• Shoonya web trading is a full-secure platform.
• 100% paperless account opening facility.
• NRIs can trade in Indian share market through Shoonya.
• Shoonya mutual funds has zero Brokerage.
• Shoonya mobile app offers online IPO application facility.
• Real-time updates on Shoonya ipo apply or Shoonya ipo, closing, bidding and listing information.
• Zero Account Opening charges.
• Shoonya web platform provide free call & trade facility.
• Offer tools for algo trading for retail customers.
• 24/7 customer support.
• Wide range of trading software & tools.
• Shoonya desktop app also support online chat support.
• Hassle-free and ultra-fast Shoonya app.
• Offers Shoonya api key for Shoonya algo trading to its users.
• Trading with basket order in Shoonya.
• GTT order in Shoonya makes trading easier.
• Zero Shoonya trading platform charges.
Disadvantages of Shoonya
• ScalperT trading website has only 1-minute time frame.
• Does not offer 3-in-1 account.
• Does not have branches for local support.
• Some trading platforms are chargeable.
There are no Shoonya withdrawal charges so you can place Shoonya withdrawal pay out request in between of Shoonya withdrawal time 08.30 AM to 5:00 PM, to get process your payout on the same day (subject to the peak margin). Shoonya fund withdrawal request may take up to 24 hours in certain cases as applicable.
How to close Shoonya account?
Please find below the process to close Shoonya account.
1. Log in to your PRISM
2. Go to the "Services" icon from the left side.
3. Click on "Online Account Close".
4. Fill up the required details and submit.
5. We will check and verify your ticket.
6. After verification, you need to digitally e-signed Shoonya account closure form
by entering the Aadhaar OTP.
7. After the E-signed, the account will be closed within 7 days.
Customer care number of Shoonya
You can register Shoonya complaints and for more information about Shoonya Wikipedia you can Shoonya contact to Shoonya helpline details:
• Shoonya customer care: +919779097777
• Shoonya toll free number: +919098001001
• Shoonya whatsapp number: +911724740000
• Shoonya email address: complaints@Shoonya.com.
• Shoonya email: contactus@Shoonya.in
• Shoonya head office: Plot No D-179 Shoonya Centre Phase 8b Industrial
Area G F Sector 74
Sas Nagar Mohali
Mohali 160054
Punjab
Comments for Shoonya Review: Unveiling the Pros and Cons of this Broker on Garv Thakur's Platform
2 comments
Frequently Asked Questions
No because profits of the F&O segment used to credited to the ledger’s next working day, so, you can’t use the profit amount on the same day for new positions.
Insufficient margin cause when cash margin is not as required margin.
You can transfer shares from your another demat account to Shoonya demat account by following below two steps:
• Through DIS (Delivery Instruction Slip) – You can transfer your holdings or securities by filling DIS form and need to fill your DP details of Shoonya and submit it to the old broker.
• Through CDSL Easiest – You can transfer your holdings or shares through CDSL Easiest.
Shoonya offered 1times margin in Future and options. Where Shoonya margin for option selling is not provided to its customers.
No, Shoonya only offers 2-in-1 account on its platform.
Yes, any NRI around the world can invest in Indian Share market through Shoonya.
It is totally free; you don’t need to pay single penny for opening of demat and trading account on Shoonya.
If traders trading without sufficient margin then net buy premium, physical delivery margin and market losses as prescribed by the exchanges.
Yes, you can place After Market Order (AMO) on Shoonya.
Margin Call is the value of a trader's margin account falls down then exchange's required amount that is when a margin call occurs.
When traders have not sufficient balance for trading in their account then they get rejection of Insufficient margin. Which they can't be able to trade due to less funds.
Yes, NRE or NRO account is necessary if you want to invest money in India or to collect the income generated in India in INR once you become an NRI.
That Margin what traders need to invest into account before trading on margin and selling short margin.
Insufficient margin cause when cash margin is not as required margin.
Square off timings are variable in different segments:
• NSE CASH – 3:20 PM
• NSE NFO – 3:25 PM
• NSE CDS – 4:45 PM
• NSE CDS cross currency – 4:45 PM
• MCX (MAR to NOV) – 11:15 PM
• MCX (DEC to FEB) – 11:40 PM
Yes, NRI account opening from USA is possible. NRIs in USA can open an NRI account online or by visiting any of the bank branches nearby.
On a repatriable basis, for investing in equity delivery, NRIs can link their trading accounts with Axis bank and Yes bank only while on a non-repatriable basis, for investing in derivative segment, NRIs can link with any bank with us.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank or Yes bank) in a prescribed format for PIS account. After that, bank will issue a PIS approval letter to the investor.
For Calculating Future and Options margin or others Shoonya provided Margin Calculator for calculating the margin in all segments in details.
E- Margin facility available on some limited stocks only offered by stock exchanges.
Yes, Shoonya offers semi and fully Algo trading on its platform.
Peak margin is that minimum margin which clients have in their accounts while placing order.
Traders can calculate Customer margin through using Margin calculator in Shoonya. Where you get details about Span, Exchange exposure and more.
For Calculating Future and Options margin or others Shoonya provided Margin Calculator for calculating the margin in all segments in details.
Option Margin is calculated by using margin calculator and then enter your share details with lot and price and it will update you margin details.
You can say margin shortfall amount the difference value between SEBI mandated margin and available margin. If Margin shortfall amount first time is Shoonya then traders need to pay penalty 1% of the amount.
When traders have not sufficient balance for trading in their account then they get rejection of Insufficient margin. Which they can't be able to trade due to less funds.
Shoonya is equipped with many unique features such as free demat & trading account opening, zero brokerage in every segment, zero clearing charges, zero commission on mutual fund, online account opening facility, trading software & tools etc.
Option Margin is calculated by using margin calculator and then enter your share details with lot and price and it will update you margin details.
Shoonya offered 1times margin in Future and options. Where Shoonya margin for option selling is not provided to its customers.
Insufficient margin cause when cash margin is not as required margin.
Traders can calculate Customer margin through using Margin calculator in Shoonya. Where you get details about Span, Exchange exposure and more.
If traders trading without sufficient margin then net buy premium, physical delivery margin and market losses as prescribed by the exchanges.
No, every service is available online and you can also visit the Shoonya’s head office located in Chandigarh (India) for any offline support.
Penny Stocks are those types of shares that are traded at a very low price below Rs 10 and are usually listed on a smaller exchange. Shoonya does not offer leverage on penny stocks.
First margin call will be given as soon as the MTM loss reaches 50% of the total available margin and client will be asked to submit fresh margin or reduce the positions. One the MTM reaches 80% , position will be squared off.
Shoonya does not offer online IPO application facility but while applying through your bank account, you can enter Shoonya Demat Account Number to get your allotted shares in your demat account.
Shoonya offer following products to NRIs:
• Equity trading in BSE & NSE (Delivery based)
• Trade in F&O segment
• Direct Mutual Fund
• Bonds
No, Shoonya does not charge any extra brokerage on cancelling and modifying an order. Transparency is the key quality of Shoonya.
Yes, Shoonya offers free call and trade facility i.e. you don’t need to pay single penny for call and trade facility.
E- Margin facility available on some limited stocks only offered by stock exchanges.
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