Broker comparison
Alice Blue vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Alice Blue and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
| Metric | Alice Blue | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan | ₹0 (zero brokerage, per official site) |
| Intraday brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹0 (zero brokerage, per official site) |
| F&O brokerage | ₹15–₹20 per order depending on plan - see official pricing | ₹0 (zero brokerage, per official site) |
| AMC | ₹0 (zero AMC) | ₹0 |
| Account opening | Free (online) | Free (online) |
| Trading API | ANT API — Free (per official page) | Shoonya API — Free (per official page) |
| Reported execution speed | Not Disclosed | ≈ 140 ms (median) |
| Algo support | Yes - free ANT API; partnerships with algo platforms | Yes - free API |
| Platforms | ANT Mobi, ANT Web | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Price-sensitive algo traders exploring beyond the biggest names. | 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 an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Alice Blue full profile
- Shoonya (Finvasia) full profile
- Alice Blue brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Alice Blue vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Alice Blue published delivery brokerage as "₹20 or 2.5% per order (whichever is lower); ₹0 on the Freedom (F20) plan" 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 Alice Blue or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Alice Blue (ANT API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Alice Blue or Shoonya (Finvasia)?
Shoonya (Finvasia) publishes ≈ 140 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
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
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing