Prostocks API (Algo Trading) Review

ProStocks provides a set of APIs (Application Programming Interface) to its clients through Star API. Star API is a collection of APIs that allows you to trade using your own trading systems as per your ideas and goals.

Prostocks Star API is lowest-cost trading API in India available to all retail and NRI customers to trade at NSE and BSE. Prostocks offers unlimited monthly brokerage trading plans at Rs 899 per month (Equity and F&O) and Rs 499 (Currency).

Star API by ProStocks is a set of simple Rest like HTTP APIs that enables users to build customized trading platforms as per their requirements. Star API gives programmatic access to all the data and functionalities that allow users to place and manage orders, access to live market data, historical data, view positions, holdings, enquire order margin, and much more.

Star API supports all the segments (Equity, Derivatives, and Currency) on NSE. However, for BSE, the APIs are currently available only for the Equity segment.

Refer to ProStocks Star API documentation/sample code for more details.

Prostocks Star API Benefits

1. Unlimited monthly trading plan is available for API customers. This reduces the trading cost significantly.
2. Accessible by all Retail and NRI customers.
3. Bracket order is available in API. No other brokers offer BO in API.
4. User-friendly and simple to use.
5. Real-time trade execution.
6. Integration with Third-Party trading platforms like Fox Trader.
7. Advanced Order Types available in API viz. Bracket Order (BO), Cover Order (CO), Good Till Triggered Orders (GTT), Basket Order.
8. Supports End-to-End trading cycle.
9. Available in .Net wrapper and Python.
10. Access to 24x7 User Acceptance Test (UAT) environment to test your application.

Prostocks Star API Cost

Star API is available at a monthly fee of Rs 1,000 that provides access to Star API with Interactive, Broadcast, and Publisher API. These charges do not include historical data API. To access the Historical data API, you need to pay additional charges of Rs 1,000 per month.

You do not have to pay any charges during the testing phase. You need to pay once you decide to go live with the APIs.

ProStocks Star API Limit

ProStocks has the following rate limits on the Star API:

• Order placement API rate limit: 10 requests per second.
• Order modification API rate limit: 10 requests per second.
• Order cancellation API rate limit: 10 requests per second.
• Historical API rate limit: 10 hits per second
• LTP Data request rate limit: 10 requests/second
• Orderbook/Tradebook API rate limit: 10 request/second
• Holding/Position API rate limit: 10 request/second

ProStocks Star API Login

ProStocks offers Star API to all the clients having an account with ProStocks. If you do not have a trading and Demat account with ProStocks, open an instant account with ProStocksto access Star API.

Star API gives users access to the live infrastructure of ProStocks's trading platform that can help order placement, modification, cancellation, faster trade execution, margin inquiry, access to user position, holdings, and much more.

Currently, the access request to API is given through email. ProStocks is developing the feature to grant Star API access from the Star Web Trading Login Page itself.

To request access to Star API, drop a mail to support@prostocks.com with ProStocks Client code in the subject line.

Type of ProStocks Star API

1.ProStocks API for trading (Trading APIs)

ProStocks offers different APIs to its users through Star API that supports a complete trade life cycle. Star API allows users to place, modify and cancel orders, enquire margins, access user positions and holdings, and access live market data. It also allows placing trade orders using various order types that include regular orders, after-market orders, cover orders, bracket orders, intraday orders, basket orders, and GTT orders. The Star trading APIs are currently available for NSE Equity, F&O, and Currency, and in the case of BSE, it is available only for Equity.

Star API can help build an algorithmic trading system. Using Star API, you can convert your trading ideas into trading strategies and create your own algos.

You can also use the ProStocks Star APIs to connect with third-party algo trading software - Fox Trader to set up your trading strategies and automate trading.

2. ProStocks WebSocket API

ProStocks WebSocket API allows you to receive market updates and order updates for all instruments across NSE and BSE during live market hours. The market updates include fields like open, close, high, low, last traded price, and market depth view for the top five orders.

3. ProStocks Historical data API

Star API historical data provides users with back-dated data spanning back to 10 years. The one month data is available in 1 minute fraction and 10 year data is available as end-of-day price. It is available for NSE/BSE Equity segment. The historical data contains the timestamp, Open, High, Low, Close, Volume, and volume and is presented in the form of a candle for the requested period.

The historical data is critical for back testing purposes to provide correct trading signals in the case of algo trading. The historical data API is available at Rs.1000 per month.

4. ProStocks Publisher API

Star API Publisher API enables users to add one-click buttons to the apps or webpages that allow order placement and trade execution. The app users/website visitors can use the embedded buttons to place an order directly from there, rather than leaving the website/app and logging into the ProStocks account separately to place the order.

This feature is beneficial for both parties as it enhances the user experience and increases website traffic.

ProStocks Star API Example

You can use ProStocks API for different activities that can make trading easy and convenient for you as per your requirement. Let us see a simple example of ProStocks Star API usage.

Example: Currently, you may be monitoring the markets manually to wait for the right entry/exit point and then place manual trade order based on your trading strategies. However, with Star APIs, you can build your own algos based on the trading strategies formulated. The algos can automatically place orders for you when the required conditions get met without the need to track the markets manually.

ProStocks API Support

ProStocks provides support over phone and email for any queries or issues related to Star API. You need to mention your ProStocks Client Code while contacting ProStocks support team for any queries, issues or guidance.

• ProStocks Star API Support Email ID: support@prostocks.com
• ProStocks Star API Support Contact No: +91-22-62434343 (Press 3 for Tech support)

Conclusion

Prostocks Star API is a collection of user-friendly and simple-to-use APIs for trading at BSE and NSE. It is available in unlimited monthly trading plan which make it's the lowest-cost API in India. The API offers advance order types, UAT environment for testing and historic data up to 10 years.

Frequently Asked Questions

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Information on this page was last updated on Friday, November 17, 2023