Why choose Alpaca Trading
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, ETFs and crypto.
BrokerChooser gave Alpaca Trading a 4.4/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Great API trading service
- Free stock & ETF trading
- Fantastic charting tools
Fees
- Commission-free stock and ETF trading
- No inactivity fee
- No withdrawal fee
We compared Alpaca Trading's fees with two similar brokers we selected, moomoo and Webull. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Alpaca Trading alternatives.
Commission-free stock and ETFs
It’s extremely great as Alpaca Trading has commission-free US stock trading.
Broker | US stock |
---|---|
Alpaca Trading | $0.0 |
moomoo | $0.0 |
Webull | $0.0 |
Low margin rates
Alpaca Trading USD margin rate fees are lower than the industry average. USD margin rate fees are calculated as follows: Flat Rate of 8.5%
Broker | USD margin rate |
---|---|
Alpaca Trading | 8.5% |
moomoo | 6.8% |
Webull | 9.7% |
No inactivity fee, no withdrawal fee
There are no fees for inactivity or account maintenance, and deposits are also free.
ACH withdrawals are free of charge, but wire withdrawals will cost $25 for domestic and $50 for international transfers.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
Alpaca Trading | $0 | |
moomoo | $0 | |
Webull | $0 |
Other commissions and fees
Low spot crypto fees: at Alpaca Trading, crypto trading costs 0.25% of trade value.
Broker | Mutual fund | US micro e-mini stock index futures |
---|---|---|
Alpaca Trading | - | - |
moomoo | - | - |
Webull | - | - |
Safety
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
Deposit and withdrawal
- Free withdrawal
- No deposit fee
- User-friendly
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Two-step (safer) login
- Order confirmation
Web trading platform
- User-friendly
- Two-step (safer) login
- Modern design