- forex trading 4.4/5
- equity trading 4.3/5
Alpaca Trading review summary
Alpaca Securities LLC is US-based broker providing commission-free API stock trading. Alpaca Trading provides great API tools for algorithmic trading, zero-commission stock and ETF trading, and great charting tools through a web platform. Users dedicated to learning how to use the API and the programs will find that Alpaca provides a unique service. It is a good choice for beginner investors. On the other hand, Alpaca Trading relies heavily on its GitHub/Slack/other community forums for user support, as there is only extremely limited customer service. Furthermore, deposit or withdrawal is only possible via bank transfer. Finally, the product selection covers only US stocks and ETFs. Broker Chooser gave Alpaca Trading a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Is Alpaca Trading a legit broker?
See how Alpaca Trading is regulated and whether you should have any concerns using it.
Alpaca Trading is available in Pakistan
74-85% of retail CFD accounts lose money
Alpaca Trading pros and cons
Alpaca Trading main highlights
🗺️ Country of regulation
💰 Trading fees class
💰 Inactivity fee charged
💰 Withdrawal fee amount
💰 Minimum deposit
🕖 Time to open an account
🎮 Demo account provided
🛍️ Products offered
Stock, ETF, Crypto
Alpaca Trading offers zero-commission stock and ETF trading and low margin rates. Non-trading fees are also competitive as no fee is charged for inactivity or most withdrawals
Opening an account with Alpaca is quick, and requires no minimum deposit. Integrating your account with third-party softwares can be tricky, but Alpaca offers great guidance.
Deposit and withdrawal
Bank transfer deposit/withdrawal is easy and free, but like other US brokers, Alpaca doesn’t support multiple currencies or credit/debit card funding, and wire withdrawal is costly. Crypto transfer is available.
Web trading platform
Alpaca’s web trading platform feels safe, user-friendly, and visually pleasing. However, it does not allow customization, there are no price alerts, and the search function is limited.