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Alpaca

Commission-free US brokerage built around trading and market data APIs

About Alpaca

Alpaca is an API-first brokerage for US stocks, ETFs, options and crypto, with paper trading and market data APIs. Individuals use it for algo trading; businesses can build brokerage products on top. It advertises no commissions on US-listed securities for self-directed individual accounts.

Best for: Developers who want a broker with a clean REST API and free paper trading.

Pros

  • Simple, well-documented API
  • Free paper trading
  • Commission-free US trading

Cons

  • Mostly US securities
  • Best real-time data costs extra
  • Little traditional platform tooling

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