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Broker profile

Arrow Review (2026): Brokerage, Platforms, API & Execution - The Published Facts

Arrow is a low-latency retail broker (the retail platform of iRage Broking) that markets itself on order-execution speed, stating on its website that 95% of its orders execute in under 2.9 ms and 99% in under 4 ms - figures it self-reports, measured by placing orders from the AWS Mumbai region. It offers free equity delivery, flat ₹20-or-0.03% intraday and ₹20-per-order options pricing, zero account-opening and AMC charges for individuals, and Python/Go API clients. Because these speed figures are self-reported rather than independently audited, we label them accordingly.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

At a glance

Arrow brokerage calculator · Compare Arrow with other brokers

Type
Discount broker (low-latency)
Official website
https://arrow.trade
Delivery brokerage
₹0 (free)
Intraday brokerage
₹20 or 0.03% per order (whichever is lower)
F&O brokerage
₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
Account opening
₹0 (free)
AMC
₹0 (individual accounts; ₹500/year for non-individual accounts)
Platforms
Arrow mobile app (iOS/Android), Arrow web, Python & Go clients
Trading API
Arrow API - See official docs (docs)
Products
Equity, Futures, Options
Exchanges
NSE, BSE, MCX, MSEI
Algo support
API with Python & Go clients; in-house algo tools “Coming soon” per official site
Reported execution speed
95% < 2.9 ms · 99% < 4 msself-reported
Margin
Per SEBI peak-margin rules
Research
Advanced option-chain analytics for professional traders

Strengths (published)

  • Markets ultra-low order-execution latency - 95% of orders under 2.9 ms, 99% under 4 ms (self-reported, measured from AWS Mumbai)
  • Zero account-opening charge and zero AMC
  • Flat ₹20 per-order F&O pricing
  • Python and Go API clients for developers
  • NSE, BSE, MCX and MSEI membership

Limitations

  • Speed figures are self-reported on the broker’s own website, not independently audited
  • In-house algo tools are still “Coming soon” at review time
  • Non-individual accounts (Partnership/LLP/HUF/NRI/Corporate) pay ₹500/year AMC

Who is it best for?

Latency-sensitive and professional traders who prioritise order-execution speed.

This profile is compiled only from the sources listed below. Fields marked Not Disclosed mean no verifiable published figure existed at review time - we never estimate or infer. This is information, not investment advice, and this site has no relationship with Arrow.

Frequently asked questions

What brokerage does Arrow charge?

Per its official pricing at our last review: delivery ₹0 (free); intraday ₹20 or 0.03% per order (whichever is lower); F&O ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower). Statutory charges apply on top. Verify the current schedule on the official pricing page, as rates change without notice.

Does Arrow offer a trading API?

Yes - Arrow API. Published pricing: See official docs. See the official documentation for rate limits and terms.

How fast is Arrow's order execution?

The published figure is 95% < 2.9 ms · 99% < 4 ms, self-reported by the broker on its own blog. It is approximate, not independently audited, and varies with device, network and market conditions.

Who is Arrow best suited for?

Latency-sensitive and professional traders who prioritise order-execution speed.

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Sources

  1. Arrow - official website - https://arrow.trade
  2. Arrow - official pricing page - https://arrow.trade/pricing
  3. Arrow - official API page - https://docs.arrow.trade
  4. Arrow - official website - https://arrow.trade (Self-reported by the broker on its own website, measured by placing orders from the AWS Mumbai region. Not independently audited.)