Shoonya Forex Broker

Shoonya Review Summary Founded2016 Registered Country/RegionIndia RegulationNo regulation Market InstrumentsStocks (Indian), Futures, Options, Commodities, Currencies (INR pairs), Mutual Funds Demo Account❌ Leverage/ Spread/ Trading PlatformShoonya Desktop App, Shoonya Web Platform, Shoonya Mobile App Minimum Deposit₹0 Customer SupportPhone: +91 9779 902 002 Email: clientsupport@shoonya.comShoonya Information Shoonya is situated in India and started in 2016. It is not a regulated financial broker and does not have to follow SEBI rules. The platform gives you cheap access to Indian market instruments like stocks, futures, options, commodities, currencies, and mutual funds on desktop, online, and mobile devices.Pros and Cons ProsCons Zero brokerage on equity deliveryNo regulation Clear fee structureNo demo accounts No MT4/MT5 No info on deposit and withdrawalIs Shoonya Legit? No. Shoonya is not a financial broker that is licensed or regulated. Even though it looks like it's based in India, it isn't registered with the Securities and Exchange Board of India (SEBI) or any other official Indian financial regulatory body. Please be aware of the risk! WHOIS records show that the domain shoonya.comwas registered on November 15, 2007, and it is still operational. The domain will run out on November 15, 2025, and the last time it was updated was on October 31, 2024. “Client transfer prohibited” is its current status.What Can I Trade on Shoonya? Shoonya provides access to a wide range of Indian market products, such as stocks, futures, options, currencies, commodities, and mutual funds. Trading is offered on major Indian exchanges like the NSE, BSE, MCX, and NCDEX. Tradable Instruments Supported Stocks (Indian)✔ Futures ✔ Options✔ Commodities✔ Currencies (INR pairs)✔ Mutual Funds✔ Indices✘ Cryptocurrencies✘ Bonds✘ ETFs✘Investor Type Investor TypeSuitable for RetailStandard account for individual resident investors in India NRIsFor Non-Resident Indians—allows trading in Indian markets under RBI & FEMA guidelines FPIsFor Foreign Portfolio Investors—institutional access to Indian capital markets HNIsFor High Net-Worth Individuals—tailored services, higher exposure, personalized supportShoonya Fees Shoonya's fees are among the lowest in the business, distinguishing it as a budget-friendly broker. It pioneered the zero-brokerage strategy for equity delivery and maintains fees low in other categories, making it extremely competitive, particularly for retail investors. SegmentBrokerage Equity Delivery₹0 (Zero Brokerage) Equity Intraday0.03% or ₹5 (whichever is lower) Equity Futures Equity OptionsFlat ₹5 + GST ETF Intraday0.03% or ₹5 (whichever is lower) Currency Derivatives₹5 per order Commodity Derivatives Non-Trading FeesAmount Account Opening₹0 Annual Maintenance (AMC) Call & Trade Platform Charges DP (Depository Participant)₹9 + GST per scrip Pledge Charges₹20 per instruction Un-Pledge Charges Clearing Charges (NSE/BSE)₹0Trading Platform Trading PlatformSupportedAvailable DevicesSuitable for Shoonya Desktop App✔Windows, macOS/ Shoonya Web Platform✔Web (Chrome, Firefox, etc.)/ Shoonya Mobile App✔iOS, Android/ MT4❌/Beginners MT5❌/Experienced traders