🏆 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 RequirementBest PicksWhy
Beginner, no-codeAngel One, Alice Blue, 5paisaEasy APIs, no fees
Cost-effective intraday tradingProStocks, Fyers, DhanLow per-order cost
Strong infrastructure & docsZerodha, UpstoxMature platforms with community support
Advanced algo/AI useMotilal Oswal StratX, IBAI integration, global standards
Global multi-asset tradingInteractive BrokersForex, 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

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