Most broker comparisons rank features and fees. None measure what matters most for automated trading: how fast and how reliably an order actually reaches the exchange. These figures are modelled from simulated retail trading workloads run against the same strategy logic across nine broker integrations — illustrating the kind of comparison the platform produces, not a record of live production traffic.
Results
| Broker | Median latency | p99 latency | Order success | Rejection rate |
|---|---|---|---|---|
| Zerodha Kite | 286 | 441 | 99.7% | 0.21% |
| Upstox | 301 | 458 | 99.6% | 0.27% |
| Angel One | 318 | 472 | 99.5% | 0.33% |
| Fyers | 295 | 449 | 99.6% | 0.24% |
| Dhan | 309 | 463 | 99.5% | 0.29% |
| Alice Blue | 324 | 486 | 99.4% | 0.36% |
| Zebu | 331 | 495 | 99.3% | 0.39% |
| BNR | 342 | 508 | 99.2% | 0.44% |
| Axis Securities | 357 | 521 | 99.1% | 0.51% |
Latency = order-to-exchange round trip in milliseconds. Lower is better for latency and rejections; higher is better for success rate. Values are illustrative (simulated workload), not measured production results.
Methodology
- Basis: illustrative values generated from simulated retail trading workloads — identical strategy logic dispatched across nine broker integrations.
- Metric: modelled time from strategy signal acceptance to broker order-acknowledgement (order-to-exchange round trip).
- Scope: liquid NSE equity and F&O instruments; MARKET and LIMIT orders.
- Important: these are not measured production results. Actual broker performance varies based on market conditions, connectivity, OMS architecture, and exchange load. Verified production telemetry will replace these values in a future edition.
https://www.alphasync.app/research-broker-benchmark.html
Illustrative benchmark values generated from simulated retail trading workloads. Actual broker performance varies based on market conditions, connectivity, OMS architecture, and exchange load. These figures are not measured production results, not a recommendation of any broker, and not a prediction of your results. AlphaSync is a technology platform and does not provide investment advice.