Alpaca · Pricing Plans

Alpaca Markets Plans Pricing

Alpaca separates trading from market data in its pricing. Trading itself is commission-free for US stocks, ETFs, and options, and a full paper-trading sandbox is free forever. Market data is where the paid tiers live: a free Basic plan (real-time IEX equities over WebSocket, 15-minute delayed SIP over REST, indicative options, crypto, 200 requests/minute) and Algo Trader Plus at $99/month (full real-time SIP across all US exchanges, real-time OPRA options, unlimited WebSocket symbols, up to 10,000 requests/minute). Business and enterprise market-data agreements are negotiated. The Broker API is a B2B product with commercial pricing agreed with Alpaca. Numbers reflect Alpaca's published pricing at review time and are not otherwise reconciled.

Alpaca Markets Plans Pricing is the machine-readable pricing-plan profile for Alpaca on the APIs.io network, conforming to the API Commons Plans specification.

It defines 5 plans, covering free, paid, and enterprise tiers, with named plans including Paper Trading (Sandbox), Commission-Free Trading (Live), Market Data - Basic, Market Data - Algo Trader Plus, Broker API (Business).

Tagged areas include Market Data, Trading, Brokerage, Stocks, and Crypto.

5 Plans API Commons Plans
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Market DataTradingBrokerageStocksCryptoPlans

Plans

Paper Trading (Sandbox) free

A free, funded-with-virtual-cash paper account at paper-api.alpaca.markets that mirrors the live Trading API exactly. No cost, no live money; ideal for building and testing strategies.

Paper Trading (orders · month) free USD
Commission-Free Trading (Live) free

Commission-free trading of US stocks and ETFs on a funded live account. Fractional shares supported. Options and crypto trading may carry per-contract or spread fees per Alpaca's fee schedule.

Stock and ETF Commissions (trades · month) $0 commission (regulatory/exchange fees may apply) USD
Market Data - Basic free

Free market data tier, the default for all accounts. Real-time IEX equities over WebSocket, 15-minute delayed full-market data over REST, indicative options quotes, and crypto. Capped at 200 API requests/minute and limited WebSocket symbol subscriptions.

API Requests (requests · minute) free USD
Market Data - Algo Trader Plus paid

Paid market-data tier for algo traders and quants. Full real-time SIP data across all US exchanges, real-time OPRA options data, unlimited WebSocket symbol subscriptions, and up to 10,000 API requests/minute.

Monthly Subscription (subscription · month) $99 per month USD
API Requests (requests · minute) included USD
Broker API (Business) enterprise

B2B product for businesses building brokerage and trading services for their own end users. Commercial terms (per-account, revenue-share, or platform fees) are negotiated with Alpaca. A free sandbox at broker-api.sandbox.alpaca.markets is available for development.

Broker Agreement (contract · year) contact sales USD

Sources