TradeSmart API (Algo Trading) Review

TradeSmart’s API (Application Programming Interface) is a set of tools and services that enable users to access real-time data, place orders, manage portfolios, and run automated trading systems. With these APIs, users can build their own trading platforms, integrate with third-party applications, or automate their trades using algorithmic strategies.

Key Features

1. Tradesmart offers API for FREE
2. Available in four languages - Python, Node.js, Java, C#
3. Real-Time Data Streaming
4. Secure Authentication
5. Traders can develop personalized trading interfaces tailored to their specific requirements
6. Advanced Order Types – Trailing Stop Loss, Cover Order, Bracket Order available via API
7. Seamlessly integrates with platforms like AlgoTest, Tradetron, Quantman, and more, allowing for strategy backtesting and deployment.
8. The API comes with clean and comprehensive documentation. Tradesmart also offers support channels for developers and fintech startups, which makes onboarding and troubleshooting easier.

Charges and Pricing

API Access: TradeSmart offers its API services free of cost, eliminating additional expenses for traders.

Brokerage Plans:

Value Trading Plan: Charges 0.007% per executed order, suitable for regular and low-volume traders.

Power Trading Plan: Flat fee of ₹15 per executed order, ideal for high-volume traders

API Performance Metrics

Order Throughput

1. Orders: 25/sec
2. Order Modifications: 10/sec
3. Daily Order Limit: Unlimited

Market Data

1. OHLC (Open, High, Low, Close): 25 calls/sec
2. HTTP Requests: Unlimited per day

API Response Latency < 250 milliseconds

Available APIs

1. Order Management API – Place, Modify, Cancel, Execute orders
2. Portfolio API – Fetch Holdings and Positions
3. Order Book – Access real-time order details
4. Funds API – View account balances, available funds & margin
5. Price Feed API – Get real-time market prices & market depth

Check the API Documentation here.

API Support

The API comes with clean and comprehensive documentation. Tradesmart also offers support channels for developers and fintech startups, which makes onboarding and troubleshooting easier. Tradesmart provides API support via email (support@vnsfin.com) to resolve any issues related to the API.

List of integrations

1. Stratzy
2. Quantman
3. Quantower
4. Algomojo
5. Tradetron
6. InstaOptions
7. Valuestock
8. Strike
9. Stolo
10. Tradingview
11. Algotest
12. Marketmaya
13. Algoji
14. Gocharting
15. 5nance
16. 5nance