AlgoTest vs. Stratzy | Which One Better for SEBI Registered RAs' Algos?

Looking for reliable, SEBI-compliant trade recommendations?

You’ve probably come across both Stratzy and RA Algos by AlgoTest. While both aim to simplify investing, their approach, transparency, and technology differ widely.

Here’s a breakdown to help you decide.

Overview

Key Differences

1. Who Gives the Recommendation?

• Stratzy: All recommendations come from their in-house RA.
• RA Algos by AlgoTest: Features multiple SEBI Registered RAs. You choose whose algos to follow.

2. How Transparent is the Track Record?

• AlgoTest shows daily-level trade logs, allow backtest + forward test for every algo. Making it easier to verify credibility.
• Stratzy also shows per-trade performance.

3. Is It Algo-Based or Manual?

• Stratzy is a passive suggestion platform, you get stock ideas and execute them manually. Algo Trading is also available on Stratzy.
• AlgoTest gives you strategy-based signals with full automation.

4. Can You Test Before You Trust?

• On AlgoTest, you can:
  • Backtest the algo
  • Forward test it with virtual capital
  • Only then subscribe or automate
• Stratzy doesn’t allow testing. You're expected to follow based on description alone.

Who Should Use What?

What is Stratzy?

Stratzy is a SEBI-registered Research Analyst (Stratzy Advisors LLP) that builds in-house strategies across themes like momentum, income, and sector-based investing. They offer a plug-and-play experience with:

• Prebuilt strategies

• Mobile-first interface

• One-click broker execution (Zerodha, Upstox, etc.)

However, Stratzy operates as a closed system:

• You can’t test strategies before running them live

• You can’t mix-and-match or create a portfolio

• You don’t get real-time performance until you deploy real money

What are RA Algos by AlgoTest?

RA Algos on AlgoTest is a marketplace, not a research analyst itself, where SEBI-registered RAs list their strategies that traders can backtest, forward test and trade live.

Here’s what you get:

• 70+ strategies from verified RAs

• Trade-level transparency (win rate, drawdowns, execution costs)

• Free backtesting with realistic costs

• Paper trading (forward testing) before going live

• Broker integration for automation

• Ability to combine multiple strategies into one portfolio

📊 Feature-by-Feature Comparison

Feature Explanations

SEBI Registered?

• AlgoTest: Hosts a marketplace of RAs registered with SEBI under INH codes. AlgoTest itself is not an RA, it just facilitates access to multiple RAs with their own SEBI registrations.

• Stratzy: A single SEBI-registered RA (Stratzy Advisors LLP) that creates and runs all strategies internally.

Strategy Marketplace

• AlgoTest: You can browse, compare, test, and activate strategies from multiple analysts.

• Stratzy: You can only choose from strategies made by their in-house team.

Backtesting

• AlgoTest: All strategies are backtested over 7+ years of historical data, factoring in brokerage, taxes, and slippage. You can run your own backtests for free.

• Stratzy: Shows some basic performance stats (like CAGR), but users can’t view trade-by-trade backtests or test different date ranges.

Forward Testing

• AlgoTest: Offers real-time paper trading. You can activate a strategy using virtual capital and track its current performance before risking real money.

• Stratzy: Doesn’t offer paper trading. You can only see how a strategy performs after going live with actual funds.

Live Execution

• Both platforms allow you to automate execution through popular brokers like Zerodha, Upstox, and Dhan. No need to place trades manually.

Transparency

• AlgoTest: Every strategy shows full trade logs, drawdown curves, win/loss ratio, risk-reward metrics, and more, updated daily.

• Stratzy: Offers a performance summary, but not at the trade-level or with live forward-tested tracking.

Customisation

• AlgoTest: You can choose strategies based on margin, deployment days, and trading instrument, and even mix multiple strategies.

• Stratzy: Offers a simpler plug-and-play interface, but doesn’t allow any logic or structural customisation.

Portfolio Creation

• AlgoTest: Lets you combine multiple strategies into a portfolio, view performance correlations, and optimize based on days, drawdowns, etc.

• Stratzy: You can only run one strategy at a time per account, no multi-strategy portfolios.

Platform Role

• AlgoTest: Works like a research marketplace or software, connects traders to SEBI RAs but is not an advisory entity itself.

• Stratzy: Builds, maintains, and recommends all strategies directly as a SEBI RA.

Final Verdict

Why RA Algos Was Created by AlgoTest?

We built RA Algos to offer an honest, data-driven path for traders:

• Every algo is built by a SEBI Registered RA
• You can backtest it, forward test it, and automate it.
• Slippage, brokerage, and costs can be included in our reports
• Nothing is hidden. No unrealistic promises. No fake win rates.

“90% of retail traders lose money in derivatives.” – SEBI

Yet on AlgoTest, 45% of active users were gross profitable in FY. 2023-24, because we give them real tools, not marketing fluff.

Final Verdict

Both platforms serve very different user needs.

• If you're looking for plug-and-play stock tips, Stratzy may work.
• But if you want real algos, run by SEBI RAs, with backtests, forward tests, and trade-level logs, RA Algos by AlgoTest gives you more control, transparency, and flexibility.

FAQs

Is AlgoTest a SEBI Registered RA?

No. AlgoTest is only a tech platform. All algos are published by SEBI Registered RAs.

Is Stratzy safe?

Stratzy is a SEBI Registered RA, so it complies with regulatory standards. However, no platform can guarantee returns.

Can I automate strategies on Stratzy?

Yes. Stratzy offers strategy automation.

Can I test AlgoTest RA Algos for free?

Yes. You get 25 free backtests every week and 7 free trial of forward tests to see real-time performance before paying.