AlgoTest vs. Stratzy | Which is Better for SEBI-Registered RAs' Strategies?
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.
Related: Automate SEBI Registered Analyst Strategies (No Coding Algo Trading)
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:
600+ 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
Learn how to use RA Algos on AlgoTest.
📊 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.