DriveWealth API review
Broad brokerage and tax-lot APIs for fintechs that can engage sales.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
DriveWealth API provides cloud-based brokerage-as-a-service infrastructure for fintechs, banks, broker-dealers, asset managers and consumer brands. Its Users and Accounts APIs support customer onboarding, KYC and brokerage account creation, while additional APIs cover funding, trading, custody, clearing, statements and tax reporting. The platform supports US equities, ETFs, mutual funds, options and fixed income, including fractional, dollar-based investing workflows.
Pricing follows a contact-sales model rather than published self-service plans. Integration work can use a sandbox/UAT environment, REST API documentation and asynchronous order and account events through Amazon SQS. Plaid processor-token integration supports ACH funding. The platform also provides equity, mutual-fund and fixed-income quotes and instrument data, along with real-time cash balances, positions, cost basis and performance metrics. SOC 2 and GDPR are listed compliance areas, which may matter to organizations assessing an embedded brokerage provider.
Tax-lot and cost-basis retrieval is a standout capability for products that need portfolio accounting, tax reporting or detailed position views. Trading APIs accept market, limit, stop and market-if-touched orders, while account data APIs extend from balances to performance. Event-driven architectures should account for the absence of webhooks and use Amazon SQS or REST APIs instead. DriveWealth API fits mid-market and enterprise teams seeking broad brokerage infrastructure and willing to engage sales; teams wanting transparent pricing, webhook-based events or support beyond documentation should consider alternatives.
DriveWealth API pros and cons
- Where it wins
- Brokerage account opening, KYC, funding, trading and custody APIs
- Tax-lot, cost-basis, balance, position and performance data
- Fractional investing, sandbox access and asynchronous SQS events
- Where it doesn't
- Pricing requires a contact-sales process
- Webhooks are unavailable; event workflows use SQS or REST APIs
- Support is centered on documentation
DriveWealth API fact sheet, pricing and score →
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