Alpaca MCP Server
Official Alpaca MCP server enabling AI assistants to trade stocks, ETFs, crypto, and options, manage portfolios, access real-time and historical market data, and handle watchlists through natural language.
Score Breakdown
⚙ Agent Friendliness
🔒 Security
FINRA/SEC regulated broker but MCP has no scope granularity - single API key grants full trading access. Paper/live toggle via env var is a configuration risk. No confirmation mechanism before trade execution.
⚡ Reliability
Best When
You have an Alpaca brokerage account and want an AI assistant to execute trades and monitor positions through natural language.
Avoid When
You need multi-broker support, backtesting capabilities, or are not comfortable giving an AI agent access to real trading endpoints.
Use Cases
- • Place and manage stock, ETF, crypto, and options orders via AI assistant
- • Monitor account balances, positions, and buying power
- • Retrieve real-time quotes, historical bars, and options Greeks
- • Manage watchlists and track corporate actions
- • Build AI-powered trading workflows with paper or live accounts
Not For
- • Backtesting historical strategies
- • Non-Alpaca brokerage accounts
- • High-frequency or ultra-low-latency trading
Interface
Authentication
Requires ALPACA_API_KEY and ALPACA_SECRET_KEY env vars. ALPACA_PAPER_TRADE env var toggles between paper and live mode.
Pricing
Agent Metadata
Known Gotchas
- ⚠ CRITICAL: Order placement is not idempotent - retries can create duplicate orders with real financial consequences
- ⚠ Paper/live toggle is a single env var - misconfiguration could execute real trades
- ⚠ close_all_positions is extremely destructive and should never be auto-invoked by agents
- ⚠ Options trading (multi-leg) is complex and errors could be costly
- ⚠ No built-in confirmation step before trade execution
Alternatives
Full Evaluation Report
Detailed scoring breakdown, competitive positioning, security analysis, and improvement recommendations for Alpaca MCP Server.
Scores are editorial opinions as of 2026-03-06.