Upstox API (Algo Trading) Review

Upstox API is a set of REST APIs (Application Programming Interface) that provides users with the required data to build a customized and complete investment and trading platform. By using Upstox API, customers can do Algo trading to create programs and codes for real-time order execution, access live market data, analyse historical data, and manage their portfolios.

Upstox API Uplink Version 2 supports 10+ languages, namely JavaScript, Python, C#, etc. Smallcase, Streak and Sensibull are the partners integrating the Upstox APIs. All requests are made over HTTPS and are sent with the "application/json" content type. Developers have the option to choose JSON or CSV response type for some API calls.

As a trader, you can create apps directly from the Upstox mobile app or desktop platform using the Apps sections on the Account tab. Go to account.upstox.com/developer/apps.
If you are a business looking to integrate the Upstox APIs, please contact the Upstox team who will create a custom app for you in no time.

Refer Upstox API documentation for more details.

Upstox API Benefits

• Allows users to build their platform for convenient trading.
• Customize trading platform as per requirements.
• Users can use any preferred language of their choice - JavaScript, Python, PHP and C#.
• Smallcase, Streak and Sensibull are the partners integrating the Upstox APIs.
• Real-time data and order execution
• Assist in Algo trading.
• Well-documented and detailed API documentation.

Upstox API Charges

All orders placed from UpLink Version 2 from 1st September 2023 till 29th February 2024 will be brokerage-free. Upstox API Subscription Charges are Rs 499 (GST included).

Upstox API Login

With just a few clicks you can create your app for free with Upstox. Below are the steps to use the Upstox API:

1. Sign in to the Upstox mobile app or web platform.
2. Upstox will send you an OTP to verify the mobile number.
3. From the Account tab, go to the Apps section.
4. Click on My Apps.
5. Click on "New App."
6. Create a new app by entering details - app name, description, URL, etc.
7. Get your API key and let the app creation begin.

The existing users need to enter User ID, Password, and Year of Birth in the Upstox API Login URL to access the API services.

Types of Upstox API

1. Upstox Interactive API (Trading APIs)

   Upstox Interactive APIs are the trading APIs that allow users to place, modify and cancel trading orders of various types like regular orders, after-market orders, cover orders, bracket orders, and GTD orders. Upstox Trading API also helps users retrieve their positions, balance, holdings, manage user portfolios, faster order execution, and access Trade book and Trade History.

2. Upstox Historical API

   Upstox Historical API offers OHLC (Open High Low Close) historical data for a range of different time intervals ranging from 1 min to 1 month. It stores back-dated data since 2005. Upstox Historical API helps you to backtest your strategy using relevant data from the past. Users can analyze the market performance of their trading strategies and implement or modify them as per their requirements.

3. Upstox WebSocket API

   Upstox WebSocket API allows you to receive various types of updates like order updates, trade updates, and quote updates for all instruments across NSE, BSE, and MCX.

4. Upstox TradeButton API

   Upstox TradeButton API allows users to add one-click buttons to the apps or webpages that allow order placement and trade execution. You can either add Upstox branded order placement buttons or custom buttons to your webpage. The TradeButton API provides a facility for users to create a buy or sell single or basket order or mixed basket order.

Upstox API Example

Upstox API makes trading easy and convenient for traders. Let us see some examples of how Upstox APIs are useful for traders:

Example 1

The Upstox APIs connect traders directly with the stock markets and view real-time data and prices of stocks. Using Upstox API, you can book a profit on shares by selling them at a specified price even without sitting in front of the screen and tracking markets. Users can create a set of instructions through which the order gets auto executed once the stock reaches your desired target price.

Example 2

API also helps you in margin calculations. Using Upstox APIs, you can know all the margin requirements (viz. Span, Exposure, Option premium, Cash margin, VAR margin, etc.) for a list of stocks together. It becomes significant when users need to know the margins requirements for a list of securities at once as they don't need to put details of each stock one by one.

Upstox API Support

Upstox provides API support via live chat or by raising a ticket. For a live chat with the support team or to submit a ticket, users can log in to their account and provide their account details like UCC and describe the problem to them.

Upstox API vs Zerodha API

Upstox and Zerodha both offer API services to their customers to enrich their trading experience. Let us have a look at some of the key differences in their API service offerings.

Read Zerodha API review for more details.

Conclusion

Upstox API is a collection of simple-to-use APIs for trading at NSE, BSE, and MCX. The API offers advanced order types, backtesting, historical data stored since 2005, faster trade execution, assist Algo trading, and much more at reasonable pricing of Rs 750 per month for Trading APIs and Rs 500 per month for Historical API. However, currently, the API services are not offered to new members. The company is working in this direction and will update when its API offerings are made open for all.

Frequently Asked Questions

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Information on this page was last updated on Friday, October 4, 2024