This guide provides a detailed comparison of the top 10 algorithmic trading platforms available in India as of 2025.
Each software is reviewed based on its functionality, broker compatibility, SEBI compliance, pricing, and coding requirements.
Whether you’re seeking a no-code interface or advanced API access, this list helps you identify the platform best suited to your trading needs.
India’s 10 Best Algo Platforms at a Glance
A concise overview of the top 10 algo trading software in India, including their core purpose, pricing, best-fit users, and broker/SEBI compatibility.
| Platform | USP | Price | Best For | Broker / SEBI Tag |
| Zerodha Streak | No-code automation for Zerodha users | ₹500/month | Beginners using Zerodha | Zerodha / SEBI Compliant |
| Tradetron | Marketplace + strategy builder platform | Free + Paid | Passive + semi-automated use | Multi-broker / SEBI Reg. |
| AlgoTest | Backtesting + live deployment tool | ₹500–₹2,500/month | Strategy testers, intraday | Zerodha, Angel / SEBI Reg. |
| AmiBroker | Custom scripting with AFL language | One-time license | Technical coders | Broker integration needed |
| QuantConnect | Open-source quant platform with Python | Free (Cloud $) | Advanced coders, quants | IBKR, FXCM / Global Only |
| MetaTrader 5 | Multi-asset trading with Expert Advisors | Free (via brokers) | Forex + derivatives traders | Broker-dependent |
| FYERS API | Native algo integration via API | Free | Developers using FYERS | FYERS / SEBI Compliant |
| SmartAPI (Angel) | REST API + Python SDK for automation | Free | Coders on Angel One | Angel One / SEBI Compliant |
| AlgoTrader | Institutional-grade trading infrastructure | Custom pricing | HFT, quant teams | Multi-broker / SEBI Reg. |
| TradingView + Webhook | Visual strategies + webhook alerts | Free + Paid | Manual strategy traders | Via brokers / SEBI status varies |
Notes:
- Platforms like Zerodha Streak and Tradetron are preferred for no-code users.
- Tools like QuantConnect and AmiBroker require strong programming or scripting knowledge.
- SEBI compliance refers to either direct registration or indirect regulation via broker integration.
Top 10 Algo Trading Software – In-Depth Reviews (2025)
Find out which algo platform best fits your trading needs, whether you’re a beginner, passive investor, or coder.
Zerodha Streak
What It Does:
Zerodha Streak is a no-code algorithmic trading platform built specifically for Zerodha users. It enables traders to create, backtest, and deploy strategies using a visual interface without any programming knowledge.
Best For:
Retail traders and beginners who want to automate trading strategies on Zerodha without writing code.
Pricing:
- ₹500/month – Basic Plan
- ₹900/month – Premium Plan
- Free trial available for limited use
Broker Support:
Exclusively compatible with Zerodha
No-Code or Requires Coding?
No-code platform using visual strategy builder with technical indicators
SEBI Compliance:
Yes, SEBI compliance is ensured via integration with Zerodha, a registered broker.
Pros and Cons:
| Pros | Cons |
| Simple and intuitive interface for non-coders | Only works with Zerodha |
| Built-in backtesting with visual result graphs | Limited to technical indicators (no fundamentals) |
| Mobile app available | No support for options multi-leg strategies |
| Strategy deployment in live markets | No scripting or advanced logic support |
| Real-time alerts and notifications | Not suitable for professional or high-frequency use |
Final Verdict – Should You Use It?
Zerodha Streak is well-suited for beginners and casual traders who operate within the Zerodha ecosystem. It offers a clean, guided experience for creating and deploying strategies, but lacks flexibility and multi-broker support required by advanced or institutional users.
Tradetron
What It Does:
Tradetron is a cloud-based algo trading platform that allows users to build, deploy, and even sell trading strategies without writing code. It offers a visual rule builder and integrates with multiple Indian brokers.
Best For:
Passive traders, strategy creators, and users looking to generate income via marketplace subscriptions.
Pricing:
- Free Plan (1 live strategy)
- Paid Plans: ₹300/month to ₹2,900/month
- Charges may apply per executed trade (broker-side)
Broker Support:
Supports Zerodha, Angel One, Alice Blue, FYERS, 5paisa, Kotak Securities, and more.
No-Code or Requires Coding?
Primarily no-code. Also allows advanced scripting for custom conditions via its proprietary logic blocks.
SEBI Compliance:
Yes, Tradetron operates through SEBI-registered brokers and lists compliance information per broker integration.
Pros and Cons:
| Pros | Cons |
| No-code strategy builder with rule-based logic | Complex UI for first-time users |
| Supports multiple brokers | Platform fee + broker commission can stack up |
| Marketplace for monetizing strategies | Delay in trade execution during peak hours (reported) |
| Auto-execution, paper trading, and backtesting | No direct scripting with standard languages like Python |
| Strategy deployment across multiple accounts | Needs stable internet for live trading via web interface |
Final Verdict – Should You Use It?
Tradetron is one of the most versatile no-code algo platforms in India. It’s ideal for users who want to automate and monetize their strategies across brokers without writing code. However, the UI complexity and occasional execution delays may not suit intraday scalpers or high-frequency traders.
AlgoTest
What It Does:
AlgoTest is a web-based platform focused on backtesting, options strategy deployment, and fully automated trading for Indian markets. It supports both no-code strategy creation and direct execution via broker APIs.
Best For:
Options traders, strategy testers, and semi-automated intraday traders looking for fast execution and historical data analysis.
Pricing:
- Free Plan: Limited backtests and paper trading
- Paid Plans: ₹500 to ₹2,500/month depending on features (live execution, premium data, etc.)
Broker Support:
Zerodha, Angel One, Dhan, 5paisa, and more
No-Code or Requires Coding?
Both. Offers no-code options strategy builder, but also supports Python API integration for advanced users.
SEBI Compliance:
Yes, Works via SEBI-registered brokers and discloses integration terms.
Pros and Cons:
| Pros | Cons |
| Quick and accurate options backtesting | Limited to Indian markets |
| Live execution through integrated brokers | UI can be unintuitive for beginners |
| Strategy deployment with stoploss and target settings | No public strategy marketplace |
| Intraday and historical options data available | Lacks mobile app support (as of 2025) |
| Offers both no-code and API-based workflows | Advanced features locked under higher plans |
Final Verdict – Should You Use It?
AlgoTest is a solid choice for retail and semi-professional options traders who value detailed backtesting and direct broker execution. Its combination of no-code and coding support makes it flexible, though the platform may require a learning curve for new users.
AmiBroker
What It Does:
AmiBroker is a professional-grade charting and backtesting software used for developing custom technical trading systems. It relies on its own scripting language, AFL (AmiBroker Formula Language), and is installed locally on Windows systems.
Best For:
Advanced traders, technical analysts, and quants who want full control over backtesting and strategy logic.
Pricing:
- Standard Edition: ~$279 one-time
- Professional Edition: ~$339 one-time
- Requires separate broker plugin/API (third-party cost may apply)
Broker Support:
Indirect — integration via third-party bridges for Zerodha, Angel One, FYERS, etc.
No-Code or Requires Coding?
Requires coding. Strategies must be written in AFL.
SEBI Compliance:
Yes, via SEBI-registered broker integration. AmiBroker itself is not SEBI-registered as it’s a global tool.
Pros and Cons:
| Pros | Cons |
| Highly customizable with full control over strategy logic | Not beginner-friendly — coding is mandatory |
| Fast, accurate backtesting engine | Requires third-party bridge for live execution |
| Supports custom indicators and optimization | Windows-only (no native web or mobile version) |
| Large global user base and active forums | No marketplace or ready-to-use templates |
| One-time license — no recurring fees | SEBI compliance depends on broker bridge used |
Final Verdict – Should You Use It?
AmiBroker is best suited for experienced traders or programmers building complex rule-based systems. It offers unmatched flexibility but demands technical skill and external setup for execution in Indian markets.
QuantConnect
What It Does:
QuantConnect is an institutional-grade, open-source algorithmic trading platform built on the LEAN engine. It supports strategy development in C# and Python and allows global backtesting and live deployment via supported brokers.
Best For:
Quantitative traders, programmers, and hedge-fund level users needing multi-asset and global market access.
Pricing:
- Free: Access to IDE and backtesting
- Paid (Cloud Compute, Backtest Nodes): Starting from $8/month
- Custom plans for teams and research groups
Broker Support:
Interactive Brokers, TD Ameritrade, Coinbase, FXCM, OANDA
(Not natively connected to Indian brokers)
No-Code or Requires Coding?
Requires coding in Python or C# via an integrated development environment.
SEBI Compliance:
No direct SEBI integration. Compliance depends on how execution is routed (e.g., via IBKR or FIX bridge).
Pros and Cons:
| Pros | Cons |
| Powerful open-source engine for strategy development | No direct support for Indian brokers |
| Multi-asset support: equities, forex, crypto, options | Requires strong programming skills |
| Institutional-level backtesting with historical data | SEBI compliance not applicable in Indian retail context |
| Git-based workflow, supports collaborative strategy dev | Cloud costs can rise with usage volume |
| Active community and documentation | Steep learning curve for new retail traders |
Final Verdict – Should You Use It?
QuantConnect is ideal for professional quants and programmers operating in global markets. For Indian retail traders, it lacks local broker connectivity and SEBI alignment, making it impractical unless paired with institutional access or advanced API routing.
MetaTrader 5 (MT5)
What It Does:
MetaTrader 5 is a multi-asset trading platform widely used for forex, commodities, and indices. It offers algorithmic trading through Expert Advisors (EAs) written in MQL5 and supports advanced charting and indicators.
Best For:
Forex and derivatives traders, especially those working with international brokers or prop firms.
Pricing:
- Free via most brokers
- No direct platform fee unless using premium indicators or VPS
Broker Support:
Global forex brokers (e.g., IC Markets, Exness, FXTM, Pepperstone)
No official support for Indian equity brokers
No-Code or Requires Coding?
Requires coding — Automated trading requires MQL5 scripting for EAs
SEBI Compliance:
Not SEBI-compliant. MT5 is not approved for use with Indian stock exchanges or brokers.
Pros and Cons:
| Pros | Cons |
| Free access via most international brokers | Not compatible with Indian brokers or SEBI framework |
| Built-in strategy tester and real-time charting | Requires MQL5 scripting to automate trades |
| Large marketplace for indicators and EAs | Risk of using unverified third-party scripts |
| Supports VPS hosting for uninterrupted execution | Primarily used in forex and CFD markets, not equities |
| High-speed execution and mobile access | SEBI restrictions limit usage for Indian retail traders |
Final Verdict – Should You Use It?
MetaTrader 5 is a powerful tool for algorithmic trading in global markets. However, its lack of SEBI compliance and Indian broker support makes it unsuitable for retail traders focused on NSE/BSE unless trading offshore via legal structures.
FYERS API
What It Does:
FYERS API is a free trading API provided by FYERS Securities. It enables developers to automate orders, manage portfolios, and build custom trading systems using Python, REST, or webhooks.
Best For:
Retail algo traders, coders, and small teams looking for a free, SEBI-compliant API to trade on NSE.
Pricing:
- Completely free (for FYERS account holders)
- No platform charges or API fees
Broker Support:
Only works with FYERS, a SEBI-registered broker
No-Code or Requires Coding?
Requires coding — Works via Python or REST APIs
SEBI Compliance:
Yes, FYERS is SEBI-registered and the API is compliant for Indian markets
Pros and Cons:
| Pros | Cons |
| Free access with FYERS account | Requires programming skills |
| Real-time market data and full order management | No built-in UI or visual strategy builder |
| Supports full automation via Python and REST | No native backtesting engine |
| Webhook integration possible (for TradingView alerts) | Limited to FYERS — not multi-broker |
| Community support and sample code on GitHub | No mobile app or plug-and-play tools |
Final Verdict – Should You Use It?
FYERS API is an excellent choice for coders seeking a free, SEBI-compliant gateway to automate trades on Indian exchanges. However, it lacks UI tools and no-code options, making it unsuitable for beginners or non-technical users.
SmartAPI (Angel One)
What It Does:
SmartAPI is the official trading API offered by Angel One for retail users to build and automate trading systems. It supports Python, Node.js, and REST integrations for live order execution, strategy logic, and portfolio control.
Best For:
Programmers, algo developers, and retail traders using Angel One who want low-cost, SEBI-compliant access to the Indian markets.
Pricing:
- Free access with Angel One account
- No separate SmartAPI charges
- Brokerage applicable as per Angel One plan
Broker Support:
Exclusive to Angel One, one of India’s largest discount brokers
No-Code or Requires Coding?
Requires coding — APIs available in Python, Node.js, REST
SEBI Compliance:
Yes, Angel One is SEBI-registered and SmartAPI operates within its framework
Pros and Cons:
| Pros | Cons |
| Free access with a verified Angel One account | No GUI or visual strategy builder |
| Active developer community and GitHub SDKs | Limited documentation for complex implementations |
| Supports equity, F&O, commodity segments | Requires cloud/server setup for 24×7 deployment |
| Easy integration with tools like TradingView | Single-broker restriction — no multi-platform support |
| Webhooks, Python SDKs, and fast order routing available | No native backtesting or simulation engine |
Final Verdict – Should You Use It?
SmartAPI is a practical solution for coders trading through Angel One. While it offers powerful access to Indian markets at zero cost, non-programmers will find the lack of a UI or plug-and-play features limiting.
AlgoTrader
What It Does:
AlgoTrader is an institutional-grade algorithmic trading platform built for banks, hedge funds, and proprietary desks. It supports multi-asset trading, FIX integration, and large-scale automation through Java and Python environments.
Best For:
Professional quants, institutional traders, and brokerages looking for a full-stack algo infrastructure.
Pricing:
- Custom enterprise pricing (starts in thousands of USD)
- No free or retail-tier plans
Broker Support:
Supports global FIX-compliant brokers, including Interactive Brokers, Saxo Bank, and others
(No native support for Indian retail brokers)
No-Code or Requires Coding?
Requires coding — Primarily Java-based, also supports Python integrations
SEBI Compliance:
Not retail-SEBI compliant; usage in India requires broker-level SEBI approval and infrastructure registration
Pros and Cons:
| Pros | Cons |
| Enterprise-grade speed, security, and scalability | Not intended for individual or retail use |
| Full support for equities, forex, options, futures, crypto | High setup and licensing costs |
| FIX protocol and broker-agnostic infrastructure | Requires DevOps + technical team for deployment |
| Customizable architecture for funds and quant teams | SEBI compliance requires institutional partnership |
| Compatible with cloud and on-premises deployment | No visual builder or plug-and-play workflows |
Final Verdict – Should You Use It?
AlgoTrader is suitable only for institutions or firms with in-house development and compliance teams. It’s not viable for Indian retail traders due to licensing, infrastructure demands, and lack of direct integration with domestic brokers.
TradingView + Webhook Setup
What It Does:
TradingView, though not an algo platform by itself, allows users to send webhook alerts to broker APIs (like FYERS, Angel One) for basic automation. You can convert TradingView signals into live trades using tools like Pine Script + webhooks + API bridge.
Best For:
Manual strategy creators and semi-automated traders who use TradingView charts for alerts and want lightweight automation.
Pricing:
- Free tier available
- Paid Plans: ₹1,000–₹3,000/month depending on alert limits
- May require third-party middleware (e.g., Webhook.site, Bridge)
Broker Support:
Indirect — works with FYERS, Angel One, Dhan, etc., via webhook integrations
No-Code or Requires Coding?
No-code to low-code — Webhook setup is UI-driven; strategy scripting uses Pine Script
SEBI Compliance:
Yes, when routed through SEBI-registered brokers’ APIs
Pros and Cons:
| Pros | Cons |
| Flexible alert-based automation using webhooks | No native order execution — depends on external API bridges |
| Works with Indian brokers via SmartAPI, FYERS API, etc. | Limited to TradingView’s alert logic and Pine Script |
| Clean UI and easy chart setup | Needs stable webhook bridge; no failover system |
| No-code alert setup for visual traders | Execution delays possible in volatile conditions |
| Can layer manual discretion with automated triggers | Not built for fully automated high-frequency strategies |
Final Verdict – Should You Use It?
TradingView + Webhooks is a lightweight solution for retail traders who rely on charts and want basic automation. While not full-fledged algo trading, it bridges the gap between manual alerts and live order placement for Indian markets.
Comparison Table – Features, Broker Support, and Pricing
This table compares India’s top 10 algo trading platforms across key parameters including broker compatibility, SEBI compliance, pricing, and ease of use.
| Platform | Brokers Supported | Free Plan | Code-Free? | Best Use Case | SEBI Compliant | Starting Price |
| Zerodha Streak | Zerodha | Yes | Yes | Beginners using technical indicators | Yes | ₹500/month |
| Tradetron | Zerodha, Angel One, FYERS, etc. | Yes | Yes | Passive income via strategy marketplace | Yes | ₹0 (Marketplace Cut) |
| AlgoTest | Zerodha, Angel One, Dhan, 5paisa | Yes | Yes/Partial | Backtesting and live options strategies | Yes | ₹500/month |
| AmiBroker | All via third-party bridges | No | No | Technical quants and backtesters | Depends | ~$279 one-time |
| QuantConnect | Global brokers (IBKR, FXCM, etc.) | Yes | No | Professional quants (global) | No | $8/month |
| MetaTrader 5 | Global forex brokers | Yes | No | Forex/CFD traders abroad | No | Free via brokers |
| FYERS API | FYERS only | Yes | No | Python-based Indian automation | Yes | Free |
| SmartAPI (Angel One) | Angel One only | Yes | No | REST/Python algo trading in India | Yes | Free |
| AlgoTrader | FIX brokers (institutional only) | No | No | Enterprise-level trading infrastructure | Depends | $$$$ (Custom Quote) |
| TradingView + Webhook | Any broker with webhook-compatible API | Partial | Yes (Low-code) | Semi-auto alerts from chart strategies | Yes | ₹1,000/month + bridge |
Top Picks by Use Case (Quick Recommendation Guide)
Every trader has different goals—whether you’re a beginner, a passive income seeker, or a quant developer. Here’s the best algo trading software for each specific use case:
Best for Beginners (No Coding)
Zerodha Streak makes strategy automation accessible without writing a single line of code. Its drag-and-drop builder, affordable plans, and Zerodha integration make it ideal for learning and testing.
Runner-Up:
Tradetron offers a user-friendly interface and no-code automation, with the added benefit of a marketplace to copy existing strategies.
Best for Passive Income via Marketplace
Tradetron is built for hands-free trading. You can follow or sell strategies, auto-execute trades via supported brokers, and generate passive income through subscriptions.
Runner-Up:
AlgoTest allows users to subscribe to or create options strategies, with transparent metrics and a strong backtesting engine.
Best for Manual Strategy Creators
TradingView + Webhook Setup bridges charting with execution. It’s perfect for traders who spot opportunities visually and want to semi-automate them with alerts and webhook integrations.
Runner-Up:
Zerodha Streak lets manual traders set indicator conditions to trigger trades, without managing scripts or APIs.
Best for Coders / Quantitative Traders
QuantConnect offers institutional-level infrastructure for Python/C# strategy development with deep data access, simulation, and broker connectivity.
Runner-Up:
AmiBroker is ideal for technical quants who want a fast, offline backtesting engine with AFL scripting and custom indicators.
Best for Full API + Broker Integration (Advanced)
FYERS API is the most seamless and cost-effective choice for developers building full-stack, SEBI-compliant automation for Indian markets.
Runner-Up:
SmartAPI (Angel One) is a reliable API platform for coders seeking real-time execution and integration with one of India’s largest brokers.
FAQs
Q1. Which is the most trusted algo platform in India?
Tradetron and Zerodha Streak are widely trusted due to their SEBI compliance, stable broker integrations, and large user bases. Tradetron stands out for its strategy marketplace, while Streak is preferred for simplicity.
Q2. Can I do algo trading without knowing how to code?
Yes. Platforms like Zerodha Streak, Tradetron, and AlgoTest offer no-code tools. You can create, test, and deploy strategies using drag-and-drop logic or subscribe to ready-made strategies.
Q3. What platforms work with Zerodha, FYERS, or Angel One?
- Zerodha: Works with Streak, Tradetron, and indirectly via TradingView webhooks
- FYERS: Supports FYERS API, Tradetron, AlgoTest, TradingView integrations
- Angel One: Supports SmartAPI, Tradetron, and AlgoTest
Q4. Are these platforms SEBI-approved and legal in India?
Yes, platforms like Tradetron, AlgoTest, Streak, FYERS API, and SmartAPI operate through SEBI-registered brokers. However, legality depends on proper routing via approved APIs and not violating SEBI’s algo norms (e.g., unauthorized Telegram bots are not allowed).
Q5. How much do algo platforms cost monthly in India?
Most platforms range from ₹0 to ₹1,500/month, with free access available via broker APIs and paid tiers offering backtesting, execution, or marketplace access.
- Zerodha Streak: ₹500–₹900/month
- Tradetron: Free (with revenue-sharing) or ₹300–₹2,200/month
- AlgoTest: ₹0–₹1,500/month depending on features
- SmartAPI / FYERS API: Free (via broker account)
- TradingView: ₹0–₹3,000/month + optional webhook tool
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