Broker comparison
Dhan vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Dhan and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
| Metric | Dhan | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹0 (free) | ₹0 (zero brokerage, per official site) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹0 (zero brokerage, per official site) |
| F&O brokerage | ₹20 per order (flat) | ₹0 (zero brokerage, per official site) |
| AMC | ₹0 | ₹0 |
| Account opening | Free (online) | Free (online) |
| Trading API | DhanHQ API — Free (per official DhanHQ page) | Shoonya API — Free (per official page) |
| Reported execution speed | 95% < 25 ms (DEXT, self-reported)self-reported | ≈ 140 ms (median) |
| Algo support | Yes - free DhanHQ API; native TradingView charts and order placement | Yes - free API |
| Platforms | Dhan app, Dhan web, TradingView integration, Options Trader app | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Options traders and TradingView users who want modern tooling at flat-fee pricing. | High-frequency, cost-obsessed traders who accept a smaller platform. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Both publish execution-speed figures (Dhan: 95% < 25 ms (DEXT, self-reported); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Dhan full profile
- Shoonya (Finvasia) full profile
- Dhan brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Dhan vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Dhan published delivery brokerage as "₹0 (free)" and Shoonya (Finvasia) as "₹0 (zero brokerage, per official site)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Dhan or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Dhan (DhanHQ API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Dhan or Shoonya (Finvasia)?
Dhan publishes 95% < 25 ms (DEXT, self-reported); Shoonya (Finvasia) publishes ≈ 140 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Dhan - official website - https://dhan.co
- Dhan - official pricing - https://dhan.co/pricing/
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing