AlgoTest

India’s leading Full Stack Algo Trading Platform

Fintech

Investing

SaaS

AlgoTest was born after a major market incident known as the #freaktrade on September 3, 2021. During this event, the BankNifty 37100 PUT—fairly valued around ₹450—spiked to nearly ₹1900 within seconds. Many retail traders who believed their stop losses would protect them ended up buying back at extremely high prices, leading to losses of over ₹1.2 crore in just a second. This incident exposed a deeper problem: most backtesting and trading tools were giving retail traders a misleading sense of security. Strategies that looked profitable in backtests often behaved very differently in live markets. Seeing this gap, the founders—coming from professional trading and technology backgrounds—set out to build a better solution. Within three months, they launched AlgoTest, India’s first free platform designed to help traders build, test, and evaluate options strategies more realistically.