🏆 Best Broker for Algo Trading in India – 2025 Guide
If you're on the lookout for the best broker for algo trading in India, these top 10 brokers offer robust APIs, competitive pricing, and strong execution infrastructure:
Zerodha (Kite Connect API)
India’s largest retail broker with ~7.5 million users
Strong API ecosystem; ₹2,000/month API fee + ₹20/order brokerage
Recently slashed API pricing following NSE's new retail algo framework
Dhan (API)
Free API with high rate limits; ₹20/order brokerage
Upstox (Pro Developer API)
Tech-driven discount broker; API subscription ~₹750/month, ₹20/order
Free historical data and waived brokerage during certain periods
Angel One (SmartAPI)
Free API access with ₹20/order brokerage
Supports WebSockets for real-time market data
Fyers (Free API)
Zero API fees, ₹20/order brokerage
Known for clean documentation and reliable connectivity
Alice Blue (ANT API)
Free API with ₹15/order brokerage
Beginner‑friendly with Amibroker integration
5paisa (XTS API)
Free API, ₹20/order; supports multiple asset classes
Motilal Oswal (StratX API)
Full‑service broker; AI‑driven algo platform & Python integration
Interactive Brokers
International broker with India support; free market data, multi-asset algo trading
🔍 Quick Comparison Table
| Broker | API Cost | Brokerage | Pros | Notes |
|---|---|---|---|---|
| Zerodha | ₹2,000/mo | ₹20/order | Strong infra, widespread use | Fee slashed recently |
| Upstox | ₹750/mo | ₹20/order | Free data, good SDK & docs | Occasional reliability issues |
| Angel One | Free | ₹20/order | Free API, real-time WebSocket | |
| Fyers | Free | ₹20/order | Easy-to-use, no fee | |
| Alice Blue | Free | ₹15/order | Low brokerage, Amibroker integration | |
| 5paisa | Free | ₹20/order | Multisegment API access | |
| Dhan | Free | ₹20/order | High rate limits | |
| ProStocks | ₹999/mo | ₹15/order | Unlimited intraday trades | |
| Motilal Oswal | Paid (via StratX) | ~0.05% per order | AI-driven, Python support | |
| Interactive Brokers | N/A (global) | Competitive | Multi-asset, global infra | Free market data |
✅ Who Should Choose Which Broker?
| Your Requirement | Best Picks | Why |
|---|---|---|
| Beginner, no-code | Angel One, Alice Blue, 5paisa | Easy APIs, no fees |
| Cost-effective intraday trading | ProStocks, Fyers, Dhan | Low per-order cost |
| Strong infrastructure & docs | Zerodha, Upstox | Mature platforms with community support |
| Advanced algo/AI use | Motilal Oswal StratX, IB | AI integration, global standards |
| Global multi-asset trading | Interactive Brokers | Forex, equities, derivatives, and more |
🛠 Tips Before You Start
Watch for fee changes: Zerodha recently reduced fees—good time to re-evaluate while other with good tech also have free APIs so good to start like DHAN, Angel, Groww
Check API reliability: Some Platforms may experience occasional service
Know your strategy needs: Intraday vs swing vs F&O vs multi-asset.
Review rate limits: Brokers vary—ensure they meet your execution speed needs .
👉 Start Your Journey Here:
🖥️ Web: stratzy.in
➡️ Playstore: Download Android App
➡️ AppStore: Download iOS App