Best Brokers for Algo Trading India

 

Best Brokers for Algo Trading India

There are many stock brokers in India that provides various trading services and algo trading is one of therm. Algo for trading is favorite among almost all traders in India. It works automatically using some algo trading setup. Before stepping into algo trading, it is important to choose the brokers that supports algorithmic trading and choose the best algo trading broker in India according to your requirements.

What is Algo Trading?

Algo trading is also known as Algorithmic Trading. In algo trading, the computer uses pre-defined program and codes to analyze and executes the trades automatically in your trading account whenever a trading signal is received by the system. These algo trading signals are received whenever the stock market algorithms fulfill the requirements of trading strategy which was already fed to the system.

An API or API key is required to authenticate users for various programs and commands. API is provided by the stock brokers. It enables the automatic trade execution in your stock broker’s account whenever an algo trading signal is received. List of Broker for algo trading API is given below as well.

Best Broker for Algo Trading 2022

As there are many algo trading brokers in India. Before choosing broker for algo trading system, find the broker for algo trading guide below:

Broker

API

API Pricing

Brokerage Charges

Broker Review

Request Call back

Angel Broking

Angel One Smart API

Free

₹20 per executed order

Review

Call back

Alice Blue

Alice Blue Ant API

Free

₹15 per executed order

Review

Call back

5paisa

5paisa API

Free

₹20 per executed order

Review

Call back

Fyers

Fyers API

Free

₹20 per executed order

Review

Call back

Zerodha

Kite Connect API

₹2000 per month

₹20 per executed order

Review

Call back

Upstox

Upstox API

₹750 per month

₹20 per executed order

Review

Call back

Kotak Securities

Kotak Trade API

Free

Free

Review

Call back

IIFL Securities

IIFL Trading API

Free

₹20 per executed order

Review

Call back

Sharekhan

TradeTiger API

Free

0.03% onwards

Review

Call back

Samco

StockNote API

Free

₹20 per executed order

Review

Call back

Zebu Trade

Zebu API

Free

0.03% onwards

Review

Call back

Aditya Birla

Aditya Birla API

Free

0.03% onwards

Review

Call back

Paytm Money

Paytm Money API

Free

₹10 per executed order

Review

Call back

ProfitMart

ProfitMart API

Free

0.03% onwards

Review

Call back

API for Algo Trading Pricing is different for different stock brokers. There are many free algo trading broker that provides free algo trading API while some brokers have charges for it. Algo trading broking angel broking and algo trading broker Alice blue provides free API for algo trading and are among the most used API for trading.


Also read: Algo Trading API Bridging Software


Related Articles