What happens when institutional traders build products for the retail?

AlgoTest was built on real market experience to level

the playing field for retail traders.

₹ 1.2 Cr was lost by retail traders in 1 second!

It all started with a #freaktrade

On September 3, 2021, the 37100 PUT was sold by a lot of retail traders, they thought that they were protected with stop losses in the system.

Many still ended up overpaying when buying back this put as BANKNIFTY made a move down.

The fair value?
₹450

How much did it trade for?
All the way upto ₹1900 rupees.

As a result,
₹1.2 Cr was lost by retail traders in that 1 second!

Tweet about freak trade

the very first tweet that shared data on this from a brand new twitter account Raghav made that very day

But Why?

“Because they were playing with fire and didn’t know it”

This incident was a wake-up call for us. We saw how existing backtesting and execution tools were misleading retail traders, offering incomplete information and presenting a rosy picture that backtested strategies would always be profitable live. But as any experienced trader knows, trading isn’t that simple.


And we wanted to address this gap.


With backgrounds in professional trading and technology, we skipped building a social media presence and went straight to building a solution. Just three months later, we launched India’s first free options backtester.

Meet our Founders

Raghav Malik

Raghav Malik

CEO

Raghav, a former options market-maker on top exchanges, saw how retail traders were left behind. To change this, he co-founded AlgoTest to democratize access to institutional-grade trading tools.

Rajat Jaiswal

Rajat Jaiswal

CTO

Rajat, an ex-quant developer and IIT Delhi alum, leads AlgoTest’s engineering, building a scalable, low-latency platform to deliver powerful, user-friendly tools for retail traders.

A Vision for Empowerment

To correct the informational and knowledge asymmetry in Indian financial markets
and help retail traders achieve their financial goals

Hedge funds may have the best tools, but retail traders deserve the same. Still, trading success isn’t about flashy dashboards, it’s about following a disciplined process.

A Proven Track Record

45%

of AlgoTest users were profitable during the 2023-24 fiscal year


—a stark contrast to SEBI’s report indicating that only 11% of traders were profitable this year.

This isn’t a fluke, but the result of a disciplined, process-first approach that helps traders make better decisions and manage risk.

Our Process in Action

Idea

Shape your strategy using flexible templates or simulate historical performance.

Strategy

Build no-code strategies easily.

Backtest

Validate ideas with our Backtester or simulate discretionary trades.

Forward Test

Test in live markets without risking capital.

Live Trade

Automate or manually execute with our optimized engine.