Searching for the best free algo trading software in India and finding the details difficult to understand, there may be hidden costs or the features are not what you need, this article can help you. Many people experience these challenges. Traders in India hope to use platforms in 2025 that are reliable, affordable and easy to manage their strategies automatically. The article explains the main features of free algo trading software, gives recent statistics and points out why Upstox suits all types of traders. After that, you can open a demat account and begin using automated trading.
What Is Free Algo Trading Software?
By using free algo trading software, users can let their trades operate automatically according to the rules, formulas or indicators they choose. They usually have features such as:
- No-code or low-code approach to creating strategies
- Testing strategies using old historical data
- Simulated trading is known as paper trading.
- Trading was done using the live platform on NSE, BSE and MCX.
- Support for leading brokers
The biggest advantage is that people can practice, learn and develop their strategies without risking a lot of money or paying too much for software.
Top Free Algo Trading Software in India (2025)
Here’s a deep dive into the leading free algo trading platforms, their features, and why they stand out.
1. Upstox Algo Lab
Upstox Algo Lab is a robust, free algo trading tool offered by one of India’s largest brokers. It allows users to automate trading strategies with minimal coding and integrates seamlessly with the Upstox API for live order execution.
Why Choose Upstox:
- No Cost: The Algo Lab platform is free for all Upstox clients.
- API Integration: Use Upstox’s free API to connect with Python, Excel, or third-party tools.
- Backtesting: Test your strategies with historical data before going live.
- Multi-Asset Support: Trade equities, commodities, and currencies on NSE, BSE, and MCX.
- Beginner Friendly: Simple interface and educational resources make it easy to start.
- SEBI Registered: Upstox is a leading Commodity Broker in India (Full-Service Brokers), ensuring security and compliance.
Key Features:
- Free API access for automated trading
- Supports Python-based scripting
- Backtest with historical market data
- Trade stocks, commodities, and currencies
- Flat ₹20 per order after free trial period
- 90 days of zero brokerage for new API users (2025 data)
2. Zerodha Streak
Zerodha Streak is a popular no-code algo trading platform that lets users build, backtest, and deploy strategies without programming.
Why Choose Zerodha Streak:
- No coding required
- Backtest with historical data
- Live deployment with Zerodha accounts
- Free trial available; subscription needed for advanced features
Key Features:
- Point-and-click strategy builder
- Supports NSE, BSE, MCX
- Limited free backtests and deployments
3. Alice Blue Ant API
Alice Blue’s Ant API is a free service for clients to build and automate trading strategies.
Why Choose Alice Blue Ant API:
- Free real-time market data
- Beginner-friendly API access
- Supports integration with Amibroker and other platforms
Key Features:
- Free API access
- Supports NSE, BSE, MCX
- Subscription required for premium features
4. 5paisa Algo Trading
5paisa offers free algo trading through its Trader Terminal, allowing users to automate basic strategies.
Why Choose 5paisa:
- No coding required for basic strategies
- Free backtesting tool
- Supports multiple asset classes
Key Features:
- Free API for basic use
- Limited free backtests
- Paid plans for advanced features.
5. uTrade Algos (Share India)
uTrade Algos provides a web-based algo trading platform with a 14-day free trial.
Why Choose uTrade Algos:
- No commitment, free trial
- Pre-built strategies available
- Detailed reports and analytics
Key Features:
- Create up to 5 algorithms in trial
- 2 backtests per day
- Access to uTrade Originals
Comparison Table: Best Free Algo Trading Software in India (2025)
| Platform | Free API | No-Code Builder | Backtesting | Asset Classes | Free Trial/Use | Unique Features |
| Upstox Algo Lab | Yes | Basic | Yes | Equity, F&O, Commodity | 90 days zero brokerage | Python scripting, multi-asset support |
| Zerodha Streak | No | Yes | Yes | Equity, F&O, Commodity | Limited free trial | No-code, easy for beginners |
| Alice Blue Ant | Yes | No | Yes | Equity, F&O, Commodity | Free API | Real-time data, Amibroker integration |
| 5paisa Terminal | Yes | Yes | Yes | Equity, F&O, Commodity | Free for basic use | No coding for basics |
| uTrade Algos | No | Yes | Yes | Equity, F&O, Commodity | 14-day free trial | Pre-built strategies, analytics |
Limitations of Free Algo Trading Software
- Feature Restrictions: Free plans often limit the number of strategies, backtests, or live deployments.
- Broker Dependency: Some platforms require you to use a specific broker account.
- Advanced Features: Full automation, real-time data, and premium analytics may require a paid plan.
- Support: Free users may get limited customer support.
How to Choose the Best Free Algo Trading Software
- Free APIs for automating your trades are available with Upstox, Alice Blue and 5paisa.
- Both no-code and low-code platforms are suitable for those who are just starting out (Zerodha Streak, uTrade Algos).
- Ensure that the platform can be used to test your strategies with past data.
- You should find a platform that allows you to trade stocks, commodities and currencies.
- Look for an inexpensive brokerage after you use up the free period (Upstox has a low brokerage of ₹20 and 90 days of no charge for API users).
- It is important to use SEBI-registered brokers for your safety and to avoid any hidden issues.
All About Demat Account for Beginners
A demat account is essential for trading in India. Here’s what you need to know:
What is a Demat Account?
A demat (dematerialized) account holds your shares and securities electronically, making trading and investing paperless and secure.
How to Open a Demat Account
- Choose a Broker: Select a SEBI-registered broker like Upstox.
- Fill Application: Complete the online form with your details.
- Upload Documents: PAN, Aadhaar, and bank proof are required.
- Complete e-KYC: Most brokers offer instant video KYC.
- Get Credentials: Receive your demat account number and trading login.
Demat Account Charges (2025)
| Broker | Account Opening | AMC (Year 1) | Brokerage (Equity) |
| Upstox | ₹0 | ₹0 | ₹20/order |
| Zerodha | ₹0 | ₹300 | ₹20/order |
| Alice Blue | ₹0 | ₹0 | ₹15/order |
| 5paisa | ₹0 | ₹300 | ₹20/order |
Frequently Asked Questions (FAQs): Best Free Algo Trading Software in India
Which is the best free algo trading software in India for 2025?
Upstox Algo Lab leads with free API access, multi-asset support, and 90 days of zero brokerage for API users.
How quickly can I open a demat account?
Most brokers, including Upstox, offer instant online account opening with e-KYC.
What are the brokerage charges after the free period?
Upstox charges ₹20/order after 90 days of zero brokerage for API users (as of 2025).
Can I use these platforms for live trading?
Yes, after backtesting, you can deploy strategies for live automated trading.
Are these platforms safe?
Always use SEBI-registered brokers for security and regulatory compliance.
Is backtesting available for free?
Most platforms offer limited free backtesting; paid plans unlock more features.
Do I need coding skills to use free algo trading software?
Platforms like Zerodha Streak and uTrade Algos are no-code, while Upstox Algo Lab requires basic Python for advanced strategies.
Can I automate commodity trading with free software?
Yes, leading brokers like Upstox are SEBI-registered Commodity Brokers in India (Full-Service Brokers) and support commodities.
Conclusion
In 2025, the top free algo trading software for Indian users should be user-friendly, automated, cover a wide range of assets and be free or very affordable. What makes Upstox Algo Lab unique is its free API, ability to trade multiple assets and 90 days of no brokerage fee for new API users which is why it is preferred by all traders. Get your demat account, explore these websites and begin automating your strategies now.
What is your favorite platform? Let us know about your experience or sign up for trading with Upstox.
