Broker integration · Shoonya API
Algo trading with Shoonya, without writing code
Last updated:
Shoonya, by Finvasia, built its name on zero brokerage and remains the lowest-cost broker in the discount pack — free equity delivery and orders capped at ₹5 on intraday and F&O (per its published schedule, September 2026) — and it ships a full trading API at no extra charge. For systematic traders that pricing changes the math of every backtest: strategies with thin per-trade edges that fail at ₹20-flat brokers can clear the bar here. INDfolio AI makes the setup no-code end to end.
- Official API
- Shoonya API
- Segments
- NSE equity, F&O
- Connection
- API credentials — password never shared
- Brokerage
- ₹0 delivery; ₹5-capped intraday and F&O orders
How to connect Shoonya in three steps
- 1
Enable the Shoonya API on your Shoonya account
Generate API credentials from Shoonya's developer/API console. You keep full control — credentials can be revoked from your broker at any time.
- 2
Connect the broker in INDfolio AI
Paste your API credentials into INDfolio AI's broker settings. Credentials are stored encrypted (256-bit, in transit and at rest); your broker password is never asked for or stored.
- 3
Deploy a validated strategy
Pick a strategy that has passed backtesting and paper trading, set position limits and a daily loss cap, and switch it live. Orders flow through the official API; funds stay in your own broker account.
Near-zero brokerage and what it means for strategies
Brokerage is only one line in the Indian cost stack — STT, exchange charges, GST, stamp duty and slippage still apply — but for high-frequency intraday systems it is often the decisive line, and Shoonya’s ₹5-capped orders cut it to a quarter of the usual ₹20. INDfolio AI’s backtester models the full stack per broker-style cost profile, so you can see precisely how much of a strategy’s edge survives at Shoonya’s pricing versus a standard discount structure.
The Shoonya API covers order placement, positions and monitoring; INDfolio AI supplies the strategy engine, risk controls and cloud execution on top.
What you can automate on Shoonya
Intraday, swing and positional strategies across NSE equity, futures and options, plus TradingView alert and Chartink scanner automation — with position limits, daily loss caps and automatic square-off on every order path.
FAQ
Frequently asked questions
Is Shoonya really zero brokerage for algo trading?
Not fully any more. Per its published schedule (September 2026), equity delivery is ₹0 but intraday and futures cost 0.03% or ₹5 per order (whichever is lower) and options a flat ₹5 — still the lowest per-order pricing among major brokers. Statutory charges (STT, exchange fees, GST, stamp duty) apply in full, and INDfolio AI’s backtests model them.
Does Shoonya have an official API?
Yes — Finvasia provides the Shoonya trading API at no additional charge, and INDfolio AI connects through it.
Do I need coding for Shoonya algo trading?
No. INDfolio AI handles the API integration; you build strategies in plain English or with visual blocks.
Is my Shoonya account safe with INDfolio AI?
INDfolio AI stores only encrypted API credentials — never your password — and access is revocable from Shoonya at any time. Funds remain in your own account.
Describe your strategy. Backtest it in minutes.
Start on the free plan — AI strategy builder and NSE backtesting included, no card required.