Reviews from actual traders
Love Alpaca I wish it had more support by places like Plaid. I also wish it had bracket orders for after hours. Otherwise absolutely love it!
Absolutely DO NOT USE Alpaca if you trade crypto! I have experienced multiple instances where I have set stop-limit orders 20-30% below the current market price and a price glitch on their end caused those stop-limit orders to execute despite being 20-30% below the current market price. I have reached out to their support to work with them to get this resolved, but they have been absolutely terrible to work with and left me out to dry for THOUSANDS of dollars.
Issue 1: Orders executed at the incorrect price
YFIUSD: My stop limit was set to $10,115. Looking at the minute chart on Alpaca’s website on 12/12/24 05:37, you can see that the price experienced an obvious pricing glitch where it opened at $11,469, dipped 14.25% down to $9,835, then rose back up 16.36% to close at $11,444, all in the span of 60 seconds. This was an obvious pricing glitch that triggered my stop limit order 14% below the current market price and caused my position to get incorrectly liquidated.
SUSHIUSD: My stop limit was set to $1.88. Looking at the minute chart on Alpaca’s website on 12/11/24 19:19, you see that the price experienced an obvious price glitch where it opened at $2.5, dipped 24.8% down to $1.88, then rose back up 34.57% to close at $2.53, all in the span of 60 seconds. This was an obvious pricing glitch that triggered my stop limit order 25% below the current market price and caused my position to get incorrectly liquidated.
I had asked that they honor the sale as if they took place at the current market price at the time of the sale. But instead, they waited a few weeks and just reopened positions in my account without telling me which cost thousands of dollars. I reached out to them, and they acknowledged they should not have done that. And then they reopened positions again, and I lost more money .After reaching out to them for a third time about this, then opened short positions without telling me. I've lost THOUSANDS because of them and they just stopped responding to me.
great broker with no transaction fees and fast trade execution.
not sure yet
I love it and there's so much you can do , its took my trading to another Level . Thank you
not easy to use took 3 days to connect to trading view
Love the simplicity of Alpaca, with TradingView integration, just awesome.
not sure
Sucks ass. You people really need to learn what "seamless integration" is. You know how much of a pain in the ass it is JUST to find my account because theres no app on the store? Not to mention you have to go through a maze to find the settings in TV to get to your settings. It's just clunky as hell and I'm not a fan.
I have been using Alpaca for a little over 8 Months and I have to say I'm a little disappointed with the way account works. The instant deposit can take some time to take out of your bank account and if the Deposit gets rejected 1 time then its going to lock your account and your not going to be able to use that feature ever again.
The withdraw fees are pretty pricey as well. It's $20 to withdraw for any type of transfer and the money that is deposited takes 6 business days to process no matter what. So while you are trading and making profits you still have to wait to withdraw.
The customer service response time is decent. its takes them about 15-30 mins on average to respond and they do try to help with the questions you have. I will have to say at times it does take a few back and forth emails but all together they do get the job done
The Leverage I will have to say has to be the best thing about the account. you have a 4:1 ratio on your investment and the timeframe of using this broker I will have to say has been pretty steady. I would recommend that you use trading view for your platform because the link is strong between broker and trading tool. As well as the time it takes to link is very very fast. no complaints is the area.
with everything added together I would have to rate this service at a 3.7. its good and it works but they could be way better. there are way better trading services out there. I just have been using this one for such a long time and my banking info is in the system already so it works for me.
Thanks for reading.
Nice to write its wonderful platform.
difficult repetative login. difficult to withdraw funds and deposit to bank.
Easy to use with TradingView
amazing
Support is very vague . there is a delay on time frame historical data
Is not working
New to alpaca.. giving it a try so wish me luck
supposedly does crypto but you can't buy any BTCUSD in the USA??