Broker comparison
5paisa vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of 5paisa and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
| Metric | 5paisa | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 per order (flat) | ₹0 (zero brokerage, per official site) |
| Intraday brokerage | ₹20 per order (flat) | ₹0 (zero brokerage, per official site) |
| F&O brokerage | ₹20 per order (flat) | ₹0 (zero brokerage, per official site) |
| AMC | ₹0 for BSDA; up to ₹300 + GST per year on higher holdings | ₹0 |
| Account opening | Free (online) | Free (online) |
| Trading API | 5paisa Xtream API — See official developer page | Shoonya API — Free (per official page) |
| Reported execution speed | ≈ 85 ms (median) | ≈ 140 ms (median) |
| Algo support | Yes - via Xtream API | Yes - free API |
| Platforms | 5paisa app, 5paisa web, FnO 360 | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Cost-conscious traders comfortable with a subscription add-on model. | 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
Shoonya (Finvasia) publishes free equity delivery; 5paisa does not (per official pricing at review). Both publish execution-speed figures (5paisa: ≈ 85 ms (median); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- 5paisa full profile
- Shoonya (Finvasia) full profile
- 5paisa brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
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Frequently asked questions
5paisa vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, 5paisa published delivery brokerage as "₹20 per order (flat)" 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 5paisa or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: 5paisa (5paisa Xtream API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — 5paisa or Shoonya (Finvasia)?
5paisa publishes ≈ 85 ms (median); 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
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing