Broker comparison
Shoonya (Finvasia) vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Shoonya (Finvasia) and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Shoonya (Finvasia) | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹0 (zero brokerage, per official site) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹0 (zero brokerage, per official site) | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹0 (zero brokerage, per official site) | ₹20 per order (flat) |
| AMC | ₹0 | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | Shoonya API — Free (per official page) | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | ≈ 140 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - free API | Yes - via IIFL trading API |
| Platforms | Shoonya app, Shoonya web, Shoonya desktop | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | High-frequency, cost-obsessed traders who accept a smaller platform. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
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
Shoonya (Finvasia) publishes free equity delivery; IIFL Securities does not (per official pricing at review). Both publish execution-speed figures (Shoonya (Finvasia): ≈ 140 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Shoonya (Finvasia) full profile
- IIFL Securities full profile
- Shoonya (Finvasia) brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Shoonya (Finvasia) vs IIFL Securities: which has lower delivery brokerage?
At our last review, Shoonya (Finvasia) published delivery brokerage as "₹0 (zero brokerage, per official site)" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Shoonya (Finvasia) or IIFL Securities have a trading API?
Both have documented APIs at review time: Shoonya (Finvasia) (Shoonya API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Shoonya (Finvasia) or IIFL Securities?
Shoonya (Finvasia) publishes ≈ 140 ms (median); IIFL Securities publishes ≈ 95 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
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges