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Company Products Sample pricing
AlpacaAPI-first commission-free stock broker headquartered in Silicon Valley California:

Built specifically for API traders, and offers free paper-trading and free real-time market data

More than few backtesting applications integrated including QuantRocket, Blueshift, Backtrader. [alpaca integration page: https://alpaca.markets/integrations]

Strong integration with TradingView to place trades directly on the TradingView charts [tradingview alpaca link: https://alpaca.markets/docs/alpaca-works-with/tradingview/]

Geography: Available for the U.S. residents, and invite-only beta for non-U.S. residents

User: Individuals and businesses

Assets: Only US Equities and Stocks

Exchanges: IEX (Investors Exchange LLC), NYSE National, Inc, Nasdaq BX, Inc, Nasdaq PSX

NYSE Chicago, Inc.

API type: Restful Web API with clean API documentation

Stock & ETFs Comissions: Free

Account fee: No

Inactivity fee: No

Withdrawal fee: No

Deposit type: Linked bank account (US-only), Wire transfer

Minimum deposit: $0 for U.S. residents and $30k for non-U.S. residents

Margin rate: 3.75%

Leverage: Up to 4X intraday & 2X overnight buying power

Pre market & after hours trading: Yes

Business account on-boarding for proprietary investments firms: Yes, designed for proprietary trading firm or hedge fund

Interactive BrokersOne of the largest online brokerage firms that offers various asset classes:

U.S.-based brokerage firm and operates the largest electronic trading platform in the U.S. by number of daily average revenue trades

API from its installed trading software TWS supports multiple asset classes

Geography: Available for the U.S. residents, and non-U.S. residents from select countries.

User: Individuals and businesses

Asset class: Coverage of 135 markets, 33 countries, 23 currencies

Exchanges: Global

Backtesting: Yes through integration

Paper trading: Yes

API type: Web-based API

Stock & ETFs: $1.0 for US stocks

Account fee: No

Inactivity fee: Yes

Withdrawal fee: No

Deposit type: Bank transfer

Minimum deposit: $0

Margin rate: Between 1.55% and 0.85%

Leverage: Margin account (4x intraday and 2x overnight) and Portfolio Margin account (6.67 – 3.33:1)

Pre market & after hours trading: Yes

Business account on-boarding for proprietary investments firms: Yes

Real-time market data: $200 – 2,000 / month depending of category and market data package

TD AmeritradeOne of the largest online brokerage firms (recently acquired by Charles Schwab):

Its API is built mainly for services to integrate with TD Ameritrade system

Geography: Available for the U.S. residents, and some non-U.S. residents.

User: Individuals

Asset class: US Stocks

Backtesting: Limited integration

Paper trading: No

Data Price: Non-professional clients: Free, Professional clients: $24 – 110 / months depending on market data package

Exchanges: US-focused, Nasdaq Level 1 / 2, Real-time OPRA / AMEX / NYSE quotes, ICE Futures

API type: An official API

Stock & ETFs: Free US stocks

Account fee: No

Inactivity fee: No

Withdrawal fee: No

Deposit type: Bank transfer

Minimum deposit: $0

Margin rate: Between 9.00% and 7.5%

Leverage: Margin account (4x intraday and 2x overnight)

Pre market & after hours trading: Yes

Business account on-boarding for proprietary investments firms: Yes

Drive WealthBuilds API solution to banks and fintech services to offer US stock through them (API-driven brokerage firm):

Offers cloud-based brokerage infrastructure for partner businesses

Offers fractional investing of US stocks

Geography: Available in the US and Non-US depending on its partner regulation and countries of their operation

User: Enterprise-clients (e.g. Neo-banks, Fintech, brokerage)

Asset class: US stocks and ETFs

Exchanges: Non-disclosed part of enterprise subscription

Backtesting: No

Paper trading: No

API type: Closed, only available for enterprise use case

Stock & ETFs: $2.99 per trade and $0.99 per trade for fractional shares or Subscription $4.99 / month or $14.97 / quarter for $0.01 / share

Account fee: n.a.

Inactivity fee: n.a.

Withdrawal fee: n.a.

Deposit type: Linked bank account (US-only), Wire transfer, Charge cards, USD Check, Western Union, SEPA

Minimum deposit: n.a.

Margin rate: Fed Funds plus 4.00%

Leverage: Margin account (4x intraday and 2x overnight)

Pre market & after hours trading: No

Business account on-boarding for proprietary investments firms: No

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