Canara Bank vs Shoonya by Finvasia – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Shoonya by Finvasia 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 Canara Bank and Shoonya by Finvasia.

Background

Year of Incorporation 1996 2020
Website https://www.canmoney.in/ https://shoonya.com/
Phone 1800-22-0369 +91-172-474-0000
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX BSE, NSE, NCDEX, MCX
Demat (NSDL/CDSL) CDSL and NSDL CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0
Equity Futures 0.04% 0
Equity Options Rs.50 per Lot 0
Currency Futures 0.04% 0
Currency Options Rs.50 per Lot 0
Commodity Rs.50 per Lot 0
Account Opening Costs

Trading only Free Free
Trading & Demat Free Free
Commodity Free Free
Transparency & other costs

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

Equity 0.00325% 0
Futures 0.00325% 0
Options 0.00325% 0
Commodities 0.00325% 0
AMC charge Rs.500 per Annum 0
DP Transaction Charge Rs 9 + GST Rs 9 + GST
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days Yes
End of Day 5 Years Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 1x on Delivery & Upto 2x on Intraday
Equity Futures Upto 3X Upto 1x
Equity Options Upto 5X Upto 1.5x
Currency Futures Upto 2X Upto 1.2x
Currency Options Upto 2X Upto 1.5x
Commodity Upto 2X Upto 1.5x
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 Rs 3283 Crores 0
Profit after Tax FY12/13 Rs 2872 Crores 0
Profit after Tax FY13/14 Rs 2438 Crores 0
Profit after Tax FY 14/15 Rs 2703 Crores 0
Profit after Tax FY 15/16 Rs (2813) Crores 0
Profit after Tax FY 16/17 Rs 1122 Crores 0
Profit after Tax FY 17/18 Rs (4222) Crores 0
Profit after Tax FY 18/19 Rs 347 Crores 0
Profit after Tax FY 19/20 Rs (2236) Crores Rs 140 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 225.12 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 248.93 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 451.24 Crores
Debt FY11/12 Rs 4.7 Lakhs 0
Debt FY12/13 Rs 5.2 Lakhs 0
Debt FY13/14 Rs 5.6 Lakhs 0
Debt FY14/15 Rs 6.1 Lakhs 0
Debt FY15/16 Rs 6.8 Lakhs 0
Debt FY16/17 Rs 7.2 Lakhs 0
Debt FY17/18 Rs 8.3 Lakhs 0
Debt FY18/19 Rs 7.9 Lakhs 0
Debt FY19/20 Rs 9.4 Lakhs Rs 5.31 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 6.45 Crores
Debt FY21/22 Rs 10 Lakhs Rs 7.63 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 6.85 Crores
Profit to Equity(%) FY11/12 74.10 0
Profit to Equity(%) FY12/13 64.83 0
Profit to Equity(%) FY13/14 54.48 0
Profit to Equity(%) FY14/15 11.06 0
Profit to Equity(%) FY15/16 (10.69) 0
Profit to Equity(%) FY16/17 4.15 0
Profit to Equity(%) FY17/18 (16.74) 0
Profit to Equity(%) FY18/19 1.40 0
Profit to Equity(%) FY19/20 (8.05) 3.12%
Profit to Equity(%) FY20/21 6.71 2.75%
Profit to Equity(%) FY21/22 12.82 3.94%
Profit to Equity(%) FY22/23 19.49 4.31%
Balance Sheet Size FY11/12 Rs 156538,78.76 0
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores 0
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores 0
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores 0
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores 0
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores 0
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores 0
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores 0
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 1503 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 2314 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 3287.21 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 4821.39 Crores

Comparison Link:

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Canara Bank Vs Nirmal Bang Shoonya by Finvasia Vs Nirmal Bang
Canara Bank Vs Master Trust Capital Shoonya by Finvasia Vs Master Trust Capital
Canara Bank Vs Kotak Securities Shoonya by Finvasia Vs Kotak Securities
Canara Bank Vs Interactive Brokers Shoonya by Finvasia Vs Interactive Brokers
Canara Bank Vs IIFL Securities Shoonya by Finvasia Vs IIFL Securities
Canara Bank Vs Dhani Shoonya by Finvasia Vs Dhani
Canara Bank Vs IDBI Capital Shoonya by Finvasia Vs IDBI Capital
Canara Bank Vs HDFC Securities Shoonya by Finvasia Vs HDFC Securities
Canara Bank Vs Geojit Shoonya by Finvasia Vs Geojit
Canara Bank Vs Fyers Securities Shoonya by Finvasia Vs Fyers Securities
Canara Bank Vs Edelweiss Capital Shoonya by Finvasia Vs Edelweiss Capital
Canara Bank Vs Easytradez Shoonya by Finvasia Vs Easytradez
Canara Bank Vs Rupeezy Shoonya by Finvasia Vs Rupeezy
Canara Bank Vs Anand Rathi Shoonya by Finvasia Vs Anand Rathi
Canara Bank Vs Aditya Birla Money Shoonya by Finvasia Vs Aditya Birla Money
Canara Bank Vs Achiievers Shoonya by Finvasia Vs Achiievers
Canara Bank Vs Angel One Shoonya by Finvasia Vs Angel One
Canara Bank Vs Motilal Oswal Shoonya by Finvasia Vs Motilal Oswal
Canara Bank Vs ICICI Direct Shoonya by Finvasia Vs ICICI Direct
Canara Bank Vs Sharekhan Shoonya by Finvasia Vs Sharekhan
Canara Bank Vs Groww Shoonya by Finvasia Vs Groww
Canara Bank Vs Tradesmart Online Shoonya by Finvasia Vs Tradesmart Online
Canara Bank Vs Upstox Shoonya by Finvasia Vs Upstox
Canara Bank Vs Zerodha Shoonya by Finvasia Vs Zerodha

Frequently Asked Questions

Is Canara Bank better than Shoonya by Finvasia ?

Canara Bank and Shoonya by Finvasia 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 better than Canara Bank ?

Canara Bank and Shoonya by Finvasia 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 Canara Bank cheaper than Shoonya by Finvasia ?

Canara Bank and Shoonya by Finvasia 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 Shoonya by Finvasia cheaper than Canara Bank ?

Canara Bank and Shoonya by Finvasia 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 Canara Bank vs. Shoonya by Finvasia ?

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