Table of Contents
Formed by a team of fintech experts, Alpaca is an online trading broker that was launched in 2015 in California, USA. Alpaca operates using the STP execution model, which offers access to the interbank markets. The broker provides traders with a web-based trading platform and various API tools to ensure the ease of carrying out algorithmic trading of stocks and ETFs. The minimum deposit required to start trading is just $1, and no commission is charged on trades. In addition, the broker’s clients are provided with various useful trading tools, educational resources, and the services of a reliable client support team.
Alpaca Platforms & Tools
Alpaca allows traders to buy and sell the available financial instruments using their proprietary trading platform. The Alpaca trading platform is web-based, and as such, it runs directly on modern web browsers, such as Chrome, Firefox, Mozilla, and Edge. Thus, the web platform eliminates the need to download or install any additional software. The platform also allows traders who implement trades using codes to be able to quickly check on them, cancel them, or duplicate them. A mobile version of the Alpaca trading platform is also available; it is compatible with mobile smartphone devices, running on Android and iOS. Additionally, traders are provided with some useful trading tools, including the FIX API and others.
Alpaca Research & Education
The following educational resources are available on the broker’s website: videos, step-by-step guides for investing, detailed manuals, blogs, and news that keeps traders up to date with the latest events in the financial markets. In addition, there is a well-defined FAQ section that is explicitly designed for beginners, and it answers some of the most common questions of amateur traders.
Alpaca Trading Accounts
There are two live trading account types at Alpaca, and they include the Individual and Corporate live trading accounts. The accounts have a shallow minimum deposit of just $1.
Alpaca Account Funding
Alpaca processes all clients’ deposit and withdrawal requests using bank transfers only.
Other payment methods, such as credit/debit cards, and online payment gateways, such as Neteller and Skrill, are not allowed by the broker.
Alpaca Customer Service
Alpaca offers a client support team that is available 24/5 to respond to traders’ general, trading, and technical inquiries. In addition, the support team can be contacted via email and social media.
Alpaca is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Alpaca Review Summary
Founded in 2015, Alpaca is a retail trading broker that is headquartered in California, USA. They provide traders with an in-house-developed trading platform that is available in web and mobile versions. Also, Alpaca traders are provided with various learning resources, useful trading tools, and a knowledgeable client support team. No minimum deposit is required to start trading, and the broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.