AlgoTest vs QuantPower at a glance
| AlgoTest | QuantPower | |
|---|---|---|
| Main use | Options backtesting, forward testing and live execution | Options analysis, backtesting, algo bots and signal trading |
| Pricing model | Credits, spent per backtest and per strategy | Standard free during the Beta; see pricing |
| Free use | 25 backtests every week | Free trial |
| Backtesting | A core strength | Standard free during the Beta; see pricing |
| Practice before going live | Forward testing | Paper trading |
| Live strategies | Paid per strategy, per 28-day cycle | Standard free during the Beta; see pricing |
| TradingView signals | Separate Signals plan | Standard free during the Beta; see pricing |
| Stop losses | Strategy-level stop loss and target | Strategy exits plus an MTM stop loss on combined positions |
| Brokers | More than 20 Indian brokers in its setup guides | 100+ Indian brokers, including Wisdom Capital, Zerodha, Upstox, Fyers and IIFL Capital |
| Who it suits | Heavy backtesters, a handful of live strategies | Many live strategies at a fixed price |
How AlgoTest pricing works
AlgoTest sells credit packs. The smallest pack works out at about ₹1 a credit, and larger packs give more credits for each rupee. You then spend credits on each product:
| Product | Credits |
|---|---|
| 100 backtests | 100, with no expiry |
| Unlimited backtests | A 7-day pass, or a monthly pass of about 1,500 |
| One strategy live | 100 per 28-day cycle |
| One strategy in forward testing | 50 per 28-day cycle |
| Signals plan | A separate 28-day plan, with live trades and forward tests of signals included |
Every account also gets 25 free backtests each week, which is enough to try a few ideas before you buy credits. Check the current credit price of each pass on AlgoTest's pricing page before you buy.
How QuantPower pricing works
| Plan | Monthly price | Main features |
|---|---|---|
| Standard | Proposed ₹299, GST extra | Final allowance pending; see pricing |
| Professional | Proposed ₹499, GST extra | Final allowance pending; see pricing |
| Ultimate | Proposed ₹999, GST extra | Final allowance pending; see pricing |
QuantPower prices exclude GST. Yearly billing is also offered, and there is a free trial. The QuantPower Standard plan is free during the Beta (₹299/month after); Professional is ₹499/month and Ultimate ₹999/month, GST extra. See pricing.
Cost for the same use
These estimates value AlgoTest credits at the Starter rate of about ₹1 each, for one month of use.
| Use | AlgoTest | QuantPower |
|---|---|---|
| 2 live strategies | About ₹200 in credits | Standard free during the Beta; see pricing |
| 5 live strategies | About ₹500 in credits | Standard free during the Beta; see pricing |
| 10 live strategies | About ₹1,000 in credits | Standard free during the Beta; see pricing |
| 10 live strategies with unlimited backtests | About ₹2,500 in credits | Standard free during the Beta; see pricing |
| TradingView signals for 28 days | A separate Signals plan, bought with credits | Standard free during the Beta; see pricing |
A cost ranking needs confirmed current prices and matched strategy/test allowances. QuantPower's Standard plan is free during the Beta, so compare it with AlgoTest's free allowance first, then the paid plans for your strategy count. Compare taxes on the same basis.
Neither column includes brokerage. The Standard plan is free during the Beta; see pricing for each plan's daily allowances.
Forward testing and paper trading
Both platforms let you watch a strategy on live prices before real money is involved. AlgoTest calls this forward testing and charges 50 credits per strategy per 28-day cycle. QuantPower calls it Forward test (paper trading): live prices with no real money. Simulated fills are not proof of live execution.
Whatever you call it, this step catches problems a backtest cannot, such as wide spreads at your chosen strikes or rules that fire at the wrong time of day. The backtesting vs forward testing guide explains what each kind of test can and cannot tell you.
How QuantPower places automated orders
QuantPower is trading software. It is not a broker or an adviser, and it gives no tips or calls. Every strategy is your own set of rules, fully visible to you.
Orders go from your own broker account through the broker's official API, using your own API key, from a static IP registered with your broker. They begin only after your daily broker login with two-factor authentication. Self-built strategies stay within SEBI's order-rate limit for them, fewer than 10 orders a second, and your funds and securities stay with your broker.
Moving a strategy from AlgoTest
- Note the setup. Legs, strikes, entry and exit times, stop losses and targets.
- Connect your broker with your own API key and a static IP registered with it.
- Rebuild the strategy in the strategy builder.
- Backtest it and compare the results with AlgoTest's.
- Paper trade it for a few weeks on live prices.
- Stop the AlgoTest deployment before going live on QuantPower, so the strategy does not trade twice.
For a wider look at other platforms, see the AlgoTest alternative guide.
Related guides
- AlgoTest alternative: other platforms, including ones without credits
- Backtesting: testing rules on past data
- Backtesting vs forward testing: what each test tells you
- QuantPower pricing: plans and what each includes
- QuantPower vs other platforms: every comparison in one place
Start your free trial
Connect your broker, build a strategy and test it on paper before a single live order goes out.
Frequently asked questions
Is AlgoTest free?
AlgoTest gives every account 25 free backtests a week. Live trading, forward testing and extra backtests use credits, which you buy in packs at about ₹1 a credit or less.
Which is cheaper, AlgoTest or QuantPower?
The Standard plan is free during the Beta; see pricing for each plan's daily allowances.
Can I use TradingView alerts on AlgoTest and QuantPower?
Yes. AlgoTest sells a separate Signals plan. The Standard plan is free during the Beta; see pricing for each plan's daily allowances.
Does QuantPower charge per backtest?
The Standard plan is free during the Beta; see pricing for each plan's daily allowances.
Can I run AlgoTest and QuantPower on the same broker account?
Yes, but make sure the two platforms never run the same strategy, or your positions will double.
Sources
- AlgoTest: pricing docs, credit pages and broker setup guides at algotest.in and docs.algotest.in (checked 20 October 2026)
- QuantPower: plans and features on the pricing page (checked 20 October 2026)
- Zerodha: Kite Connect API charges and credits for active users from October 2026, on support.zerodha.com (checked 20 October 2026)
- TradingView Help Center: documentation on alerts and webhooks (tradingview.com)
- SEBI: circular on safer participation of retail investors in algorithmic trading, 4 February 2025