End of zero Brokerage - Shoonya by Finvasua
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As per recent email Shoonya has announced a new fee structure effective from 2 December 2024. .
,Shoonya will charge an annual maintenance fee (AMC) of Rs 499 per year (plus GST) for all active accounts, a trading fee of Rs 5 per order (plus GST) for intraday, futures and options (F&O), and commodity derivatives trades, and an API trading fee of Rs 1,999 per month (plus GST). What is maintained is zero brokerage on delivery trades, ETFs, bonds, IPOs, mutual funds, and several other services.
In my view 499+ GST yearly amc is too much especially for very small traders. Guys please suggest any better alternative
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Api charges are not mandatory .. only those use their api will have to pay most like me trade using their free shoonya app or web.
Those have multiple accounts for buyback or ipo will have to close now as it is becoming difficult for discount brokers due to govt policy chsnges and they started charging
Did not receive any email. Time to close the account. Not sure if anyone would trade on it I don't like the UI.
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Api charges are too much rest are fine