Oh no! Finvasia Shoonya is not free anymore! This news has shocked many traders in India. They were known as the champions of zero brokerage, but now they’ve started charging fees. Why did this happen? Let me explain everything step by step.
What Was So Special About Finvasia Shoonya?
Finvasia is the company, and Shoonya is the name of their app. They were like a dream broker for traders because they didn’t charge anything for trading. You didn’t have to pay to start trading with them. Unlike other brokers, they didn’t ask for yearly maintenance fees.
It was all FREE. Whether you traded stocks, options, or futures, Finvasia Shoonya didn’t charge a single penny.
What Changed?
Well, everything changed after a new rule from SEBI in May 2024. SEBI said that exchanges cannot give brokers discounts based on their trading volumes. This was a big blow to brokers, including Finvasia. Brokers rely on these discounts to keep their costs low. Without them, they are losing thousands of crores. To survive, brokers like Finvasia had no choice but to start charging fees.
How Much Are They Charging Now?
Now, Finvasia Shoonya charges ₹5 per executed order. This is still very cheap compared to most brokers. But for people who loved the zero-brokerage feature, it feels disappointing.
What’s the Better Choice?
Finvasia Shoonya is good, but let me tell you about something even better – Angel One. Angel One is a well-established broker that gives you just ₹20 per executed order. They’ve been around for a long time and know how to take care of their customers.
If you want a reliable broker with no sudden changes, Angel One is the way to go. Click here to learn more about Angel One https://tinyurl.com/29sj4kaq
The Final Thought
Finvasia Shoonya was once the hero of zero brokerage, but times have changed. SEBI’s new rule has forced them to start charging fees. Don’t take chances with your trading journey. Go with a wise decision and make every trade a winning trade.
Finvasia Shoonya
