Shoonya App Review: An In-Depth Look at What Traders Really Think

The Indian trading app ecosystem has grown rapidly in recent years. From Zerodha and Groww to newer players like m.Stock and Kotak Neo, traders now have many options. Amid this competitive landscape, Shoonya has positioned itself as a bold innovator with a clear message—zero brokerage across all segments.

That claim sounds like a dream for cost-conscious traders. But does Shoonya actually deliver on performance, reliability, and user experience? Or is the low-cost appeal outweighed by hidden trade-offs? To find out, it helps to dive into real user reviews, app store feedback, and community discussions across forums like Reddit and Quora.

Shoonya at a Glance

According to the official Shoonya website (shoonya.com), the app offers zero brokerage on equity delivery, intraday, F&O, commodities, and currencies. It also promises no hidden charges, making it stand out in a market where most brokers still charge per executed order or percentage-based fees.

But every trading app is more than its pricing. A strong platform needs:

• Fast order execution during volatile hours
• Stable servers when market volume surges
• User-friendly design that simplifies navigation
• Advanced tools like charting, screeners, and analytics
• Responsive customer support to solve issues quickly

So, how does Shoonya stack up in these areas?

Pricing Model: Is Zero Brokerage Really Zero?

Shoonya’s biggest draw is its pricing. Unlike brokers such as Zerodha (₹20 per order) or Groww (₹20 per order on intraday and F&O), Shoonya charges no brokerage fee at all.

This makes a big difference for high-frequency traders. For example:

• A day trader placing 50 trades in a session with Zerodha would pay around ₹1,000 in brokerage.
• With Shoonya, that same session would theoretically cost ₹0 in brokerage.

On paper, the savings are huge. However, users on Reddit’s r/IndianStockMarket (discussion on Shoonya by Finvasia) point out that while brokerage is zero, traders still pay statutory charges like STT, GST, SEBI fees, and stamp duty, something often misunderstood by new users.

So, Shoonya’s claim is accurate, but the total cost of trading isn’t completely “free.” It just removes the brokerage portion, which is still a major cost saver compared to rivals.

Order Execution: The Real Test

Order execution speed is critical, especially for intraday traders and those using strategies like scalping.

Reviews on the Google Play Store (Shoonya Android app) show a split opinion. Many users praise the lightweight app design, saying orders go through quickly when markets are calm. But during high-volume trading hours, some traders complain of lag and delayed order execution.

On the App Store (Apple Shoonya app reviews), similar feedback appears. Positive reviews highlight the intuitive interface, but negative ones mention glitches during market volatility, leading to missed trades or execution errors.

This inconsistency is also echoed in Reddit threads like "How is the Shoonya app?", where users debate whether the zero-brokerage benefit is worth occasional execution issues.

In short, Shoonya performs well most of the time, but traders relying on split-second executions may find the stability less reliable compared to established brokers.

Platform Features: What’s Inside the App

Interface and Usability

Shoonya’s interface is minimalist and clean, making it beginner-friendly. However, advanced traders sometimes find it lacking in features. Tools like TradingView-style charting, heat maps, and advanced screeners are limited compared to platforms like Zerodha Kite.

Charting and Analysis

Charting is functional but basic. Technical traders relying heavily on multiple indicators and drawing tools often migrate to third-party charting apps. This is where Shoonya lags; while the app does enough for casual or intermediate traders, heavy technical analysts may feel constrained.

Research and Insights

Unlike full-service brokers, Shoonya does not provide in-depth research reports or recommendations. This aligns with its discount broker identity, but it may not appeal to investors seeking research-backed guidance.

Customer Support: A Work in Progress

Customer service often makes or breaks the trading experience. In this area, Shoonya receives mixed reviews.

Some users report quick responses via email and chat, while others complain of slow ticket resolution and difficulty reaching support during peak hours. On Quora (Which broker is best among Shoonya, Groww, Mstock, and Kotak Neo?), several responses suggest that customer support at competitors like Kotak Neo and Groww feels more robust and polished.

This gap is significant because during high-stakes trading moments, delayed support can mean real financial losses. Shoonya is still building credibility in this space.

Community Sentiment: What Traders Are Saying

One of the most interesting parts of researching Shoonya is how divided user sentiment is.

• On Reddit, many traders admire the zero-brokerage model but caution about occasional technical glitches.
• On the App Store and Play Store, reviews range from “smooth and reliable” to “buggy and unreliable.”
• On Quora, traders often compare Shoonya to Groww and Zerodha, acknowledging its cost advantage but questioning its stability and ecosystem depth.

This diversity of feedback suggests Shoonya is not a one-size-fits-all solution. It seems best suited for traders who prioritize cost savings and can tolerate minor inconveniences, rather than those who demand top-tier reliability.

Shoonya vs Competitors

Here’s how Shoonya stacks up against popular rivals:

From this comparison, it’s clear that Shoonya’s unique advantage is pricing, while competitors dominate in areas like research, stability, and advanced features.

Who Should Use Shoonya?

Based on user experiences across Reddit, Quora, and App Store reviews, Shoonya works best for:

• Cost-sensitive traders who make frequent trades and want to save brokerage fees.
• Beginner traders who value a simple, clutter-free app.
• Investors with external research tools who don’t rely on the broker for insights.

It may not be the best fit for:

• High-frequency professional traders need ultra-reliable execution.
• Heavy technical analysts who depend on advanced charting and in-app tools.
• Investors want in-depth research and advisory services.

Final Verdict

Shoonya is an ambitious trading app shaking up the market with its zero-brokerage promise. For many traders, that translates into significant savings over time. But as user feedback from the App Store, Google Play, Reddit, and Quora shows, the platform isn’t without challenges. Stability issues, limited features, and customer support gaps still hold it back from being a complete package.

For now, Shoonya seems best suited as a secondary trading account—a low-cost option to complement a more stable primary broker. Traders who value cost above all else may find Shoonya a game-changer, while others might see it as a work in progress.