SnapTrade
vs Plaid:
Which API Solution is
Right for You?
SnapTrades specializes in retail brokerage accounts aggregation.
When it comes to connectivity to retail brokerage accounts, SnapTrade and Plaid are two solutions. Both offer robust APIs that allow developers to access and manage financial data, but they cater to slightly different needs and use-cases.
SnapTrade’s API is designed specifically for retail brokerage
account aggregation and trading. Whereas Plaid’s API is a more general-purpose API used for connecting bank accounts,
credit cards, investment accounts and other financial services.
If you’re building tools or websites that require connectivity to
your end users’ brokerage accounts, SnapTrade is likely the better option because its focus is on retail brokerage account
aggregation and trading.
SnapTrade vs. Plaid: A Detailed Comparison
| Features | SnapTrade | Plaid |
|---|---|---|
| Free to get started |  | |
| Balances | | |
| Holdings | | |
| Transactions | | |
| Orders | |  |
| On-demand syncing | | |
| Trading | | |
| Hands-on support | | |
| Developer friendly pricing | | |
If you’re trying to decide between SnapTrade and Plaid, this comparison will help you understand the key differences, use cases, and benefits of each platform.
3 Reasons to
Choose SnapTrade
Build without the limitations
SnapTrade’s API enables developers to build beautiful and engaging products without the limitations of traditional aggregators. With SnapTrade developers can let users submit trades in their brokerage accounts from within their platform, instantaneously share their trades with a community in real-time, pull transaction history that goes as far back as possible, and more.
Get hands on support every step of the way
SnapTrade performs connectivity testing pre and post launch using real accounts. Enterprise clients get access to a dedicated Slack channel, account manager, and has direct access to SnapTrade’s developers.
Work with a team that specializes in broker connectivity
Support major brokerages in North America and other international markets in a single integration. SnapTrade’s focus on retail brokerage accounts enables its team to
deliver a better quality service. SnapTrade is constantly selling brokerages on the benefits of being supported on the network and the apps using its.
Support major brokers around the world
SnapTrade's API provides seamless integration with major brokerages in North America and around the world. Serve a global audience of retail investors with a single integration.
Frequently asked questions
What is SnapTrade’s connection success rate?
On average and across the entire network SnapTrade’s connection success rates are X. Last measured on XX/XX/XXXX
How is SnapTrade’s pricing more developer friendly compared to Plaid?
Individuals can use SnapTrade’s API with their own accounts for free. Indie developers can getting started without any monthly minimums. Established companies can customize their plans with monthly minimums starting at $500 per month.
SnapTrade offers the following plans:
1- A limited access free tier
2- A pay-as-you-go option with no monthly minimums
3- A custom plan starting at $500/month
Is SnapTrade cheaper than Plaid?
It depends on your needs, the number of refreshes per day your app needs, and the average number of accounts a single user connects.
Contact sales and we'll do our best to match or beat your pricing with Plaid.