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 2022-2023
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 |
Zerodha | Kite Connect API | ₹2000 per month | ₹20 per executed order | Review | Call back |
Upstox | Upstox API | Free | ₹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 |
Paytm Money | Paytm Money API | Free | ₹10 per executed order | 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
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