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Shoonya by Finvasia vs ICICI Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of Shoonya by Finvasia vs ICICI Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Shoonya by Finvasia and ICICI Direct.

Background

Year of Incorporation 2020 2000
Website https://shoonya.com/ https://www.icicidirect.com/
Phone +91-172-474-0000 022 3355 1122
Exchanges enabled BSE, NSE, NCDEX, MCX NSE & BSE
Demat (NSDL/CDSL) CDSL NSDL & CDSL
Brokerage

Equity 0 0.05% Equity Intraday
Equity Futures 0 0.05% or Rs 50 per Trade
Equity Options 0 0.05% or Rs 50 per Trade
Currency Futures 0 Rs 20 per executed order
Currency Options 0 Rs 20 per executed order
Commodity 0 Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Free Rs 975 for 3 in 1 Account
Commodity Free Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0 0.00325% of Turnover
Futures 0 0.0019% of Turnover
Options 0 0.05% of Turnover
Commodities 0 0.05% of Turnover
AMC charge 0 Rs 700 per Year
DP Transaction Charge Rs 9 + GST Rs 25/Transaction or 0.05% whichever higher
Offline order placing Charge 0 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 20 Days
End of Day Yes 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 2x on Intraday Upto 1x on Delivery & Upto 5x on Intraday
Equity Futures Upto 1x Upto 4x
Equity Options Upto 1.5x Not for buying but upto 2x for shorting
Currency Futures Upto 1.2x 1x
Currency Options Upto 1.5x 1x
Commodity Upto 1.5x 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 0 Rs 77.1 Crores
Profit after Tax FY12/13 0 Rs 68.2 Crores
Profit after Tax FY13/14 0 Rs 74.9 Crores
Profit after Tax FY 14/15 0 Rs 79.52 Crores
Profit after Tax FY 15/16 0 Rs 96.88 Crores
Profit after Tax FY 16/17 0 Rs 132.64 Crores
Profit after Tax FY 17/18 0 Rs 100.80 Crores
Profit after Tax FY 18/19 0 Rs 134.63 Crores
Profit after Tax FY 19/20 Rs 140 Crores Rs 123.16 Crores
Profit after Tax FY 20/21 Rs 225.12 Crores Rs 85.59 Crores
Profit after Tax FY 21/22 Rs 248.93 Crores Rs 105.82 Crores
Profit after Tax FY 22/23 Rs 451.24 Crores Rs 115.43 Crores
Debt FY11/12 0 Rs 209 Crores
Debt FY12/13 0 Rs 219 Crores
Debt FY13/14 0 Rs 317 Crores
Debt FY14/15 0 Rs 350.83 Crores
Debt FY15/16 0 Rs 462.09 Crores
Debt FY16/17 0 Rs 335.99 Crores
Debt FY17/18 0 Rs 555.66 Crores
Debt FY18/19 0 Rs 559.36 Crores
Debt FY19/20 Rs 5.31 Crores Rs 389.28 Crores
Debt FY20/21 Rs 6.45 Crores Rs 536.48 Crores
Debt FY21/22 Rs 7.63 Crores Rs 598.99 Crores
Debt FY22/23 Rs 6.85 Crores Rs 582.15 Crores
Profit to Equity(%) FY11/12 0 32%
Profit to Equity(%) FY12/13 0 21%
Profit to Equity(%) FY13/14 0 27.07%
Profit to Equity(%) FY14/15 0 29.22%
Profit to Equity(%) FY15/16 0 30.63%
Profit to Equity(%) FY16/17 0 32.89%
Profit to Equity(%) FY17/18 0 41.55%
Profit to Equity(%) FY18/19 0 40.19%
Profit to Equity(%) FY19/20 3.12% 26.41%
Profit to Equity(%) FY20/21 2.75% 33.02%
Profit to Equity(%) FY21/22 3.94% 41.00%
Profit to Equity(%) FY22/23 4.31% 43.78%
Balance Sheet Size FY11/12 0 Rs 908 Crores
Balance Sheet Size FY12/13 0 Rs 948 Crores
Balance Sheet Size FY13/14 0 Rs 1620 Crores
Balance Sheet Size FY14/15 0 Rs 1857.26 Crores
Balance Sheet Size FY15/16 0 Rs 1903.86 Crores
Balance Sheet Size FY16/17 0 Rs 1983.64 Crores
Balance Sheet Size FY17/18 0 Rs 2222.18 Crores
Balance Sheet Size FY18/19 0 Rs 2350.41 Crores
Balance Sheet Size FY19/20 Rs 1503 Crores Rs 2470.58 Crores
Balance Sheet Size FY20/21 Rs 2314 Crores Rs 2747.85 Crores
Balance Sheet Size FY21/22 Rs 3287.21 Crores Rs 2921.25 Crores
Balance Sheet Size FY22/23 Rs 4821.39 Crores Rs 3061.50 Crores

Comparison Link:

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Frequently Asked Questions

Is Shoonya by Finvasia better than ICICI Direct ?

Shoonya by Finvasia and ICICI Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is ICICI Direct better than Shoonya by Finvasia ?

Shoonya by Finvasia and ICICI Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Shoonya by Finvasia cheaper than ICICI Direct ?

Shoonya by Finvasia and ICICI Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is ICICI Direct cheaper than Shoonya by Finvasia ?

Shoonya by Finvasia and ICICI Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Shoonya by Finvasia vs. ICICI Direct ?

To find out the better of the two stockbrokers Shoonya by Finvasia and ICICI Direct, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.