Bulls AI is gaining attention as an AI-powered algo trading tool promoted through Springpad AI’s workshops and paid courses. If you’ve seen it advertised in a webinar or been told it can simplify stock market analysis using artificial intelligence, this page gives you the complete picture before you pay.
We cover what Bulls AI actually is, how it connects to Springpad, its SEBI registration status, real user complaints, and what to do if you’ve already paid and feel misled.
Bulls AI Algo Trading Platform
Bulls AI is an algorithmic trading tool developed and operated within the Springpad AI ecosystem, officially SpringPad Wealth Solutions Private Limited, a SEBI-registered Research Analyst (INH000022950).
It is not an independently SEBI-registered product. The registration belongs to Springpad, not to Bulls AI as a standalone entity.
The platform provides predefined algorithmic trading strategies in a catalogue format called the Vault, where users can browse strategies by segment, minimum capital required, and strategy logic. Examples include Volatility Trend ATR, Nifty 50 Short Straddle with Stoploss, and Nifty Breakout Precision.
Minimum capital requirements range from approximately ₹10,000 to several lakhs, depending on the strategy chosen. Most strategies are designed for intraday trading in indices, equities, futures, or options.
In simple terms, Bulls AI is the technology layer of Springpad’s broader trading education ecosystem. Springpad teaches the concepts; Bulls AI is the tool they introduce for applying them.
Pratik Chakraborty and Rahul Chandra: The Founders
Bulls AI is co-created and promoted by the founders of Springpad AI:
Pratik Chakraborty: over a decade of experience in global trading, Springpad co-founder
Rahul Chandra: CFA, FRM, and CAIA credentials, Springpad co-founder
Both founders are the public face of Bulls AI’s promotional webinars and are the named responsible persons under Springpad’s SEBI registration. If you have a complaint about Bulls AI, it must be filed against Springpad Wealth Solutions Private Limited, the registered entity they operate under.
Is Bulls AI SEBI Registered?
No, Bulls AI does not hold an independent SEBI registration.
It operates under Springpad Wealth Solutions Private Limited’s SEBI Research Analyst registration number INH000022950. The regulatory accountability lies with Springpad, not with Bulls AI as a separate product.
This matters for two reasons:
First, a SEBI Research Analyst registration permits publishing market research, sharing analysis, and providing educational content. It does not automatically authorise automated trade execution or algo-based signal services as a standalone product.
Second, Springpad does not publicly display a Broker API approval or an Exchange-compliance certificate for Bulls AI. If the platform is being positioned as an automated trading execution tool, rather than just a strategy analysis tool, that’s a regulatory gap worth understanding before you commit funds.
You can independently verify Springpad’s SEBI registration status using INH000022950 on SEBI’s official intermediary search portal.
For full registration details of the parent entity, read our Springpad AI review
The Springpad AI Funnel: How Bulls AI is Marketed
To understand Bulls AI properly, you need to understand how it’s sold.
Springpad AI conducts webinars and workshops teaching AI-based stock market analysis. The platform was co-founded by Pratik Chakraborty and Rahul Chandra, who have backgrounds in trading and financial research.
During these sessions, participants are introduced to Bulls AI as the practical application of what they’re learning. The typical flow works like this:
- Springpad runs a free or low-cost introductory webinar
- Participants are introduced to AI concepts and shown Bulls AI’s strategy catalogue
- Towards the end, they’re pushed toward premium Springpad courses costing upwards of ₹1 lakh for full mentorship and advanced Bulls AI access
- Bulls AI serves as the retention hook, the tool that justifies the ongoing premium subscription
This relationship is important because Bulls AI’s legal pages are hosted within the Springpad website itself, confirming it operates within Springpad’s broader platform structure rather than as a standalone regulated product.
As the screenshot above shows, the Bulls AI terms page appears within the Springpad website structure and displays Springpad branding and navigation menus.
This indicates that the Bulls AI platform operates within the broader Springpad website environment.
In practical terms, the workflow often described by the platform can be simplified like this:
- Users first learn about AI-based stock analysis through Springpad programs.
- They understand how trading strategies can be built using data and market signals.
- Springpad then introduces Bulls AI as a tool that can help analyse markets or test those strategies.
This structure shows that Springpad teaches AI-based trading concepts, while Bulls AI helps users apply those ideas in market analysis.
Understanding this relationship explains why people often discuss Bulls AI alongside the Springpad platform when researching AI-based trading tools.
Is Bulls AI Good?
When evaluating any AI-based trading platform, it is important to understand both its capabilities and its limitations.
Tools that use artificial intelligence for market analysis often highlight the benefits of automation and data-driven insights. But they do not remove the risks associated with stock market trading.
Some important points to consider include:
- AI tools rely on historical data: Artificial intelligence systems usually analyse past market data to identify patterns. However, many unpredictable factors, such as economic events, global developments, and policy changes, influence financial markets.
- Backtested strategies may not perform the same in live markets: Some platforms display results based on historical simulations or backtesting. Actual market conditions can differ significantly from past data.
- AI analysis does not guarantee trading outcomes: While AI tools may assist in analysing market trends, they cannot predict the market with certainty.
- Users still make the final trading decision: Platforms like Bulls AI generally provide analysis or insights, but the decision to enter or exit a trade typically remains with the user.
In simple terms, platforms like Bulls AI are positioned as tools that assist with market analysis rather than systems that guarantee trading outcomes.
Other than this, it is important to check whether the platform is safe or not. And when it comes to trading, the safety has three dimensions:
Regulatory safety: Bulls AI operates under an SEBI-registered entity, which provides baseline accountability. However, the absence of a separate Broker API or Exchange-compliance certificate raises questions about the scope of what it’s legally authorised to do as an algo tool.
Financial safety: AI tools analyse historical data. Backtested strategies do not account for economic events, policy changes, or market conditions that didn’t exist in the historical data set. The platform does not guarantee trading outcomes, but this is not always communicated clearly during the sales process.
Data safety: As with any financial app, review the data permissions Bulls AI requests on installation. Financial behaviour and trading data are sensitive; understanding how they’re used and stored is reasonable due diligence.
Let’s summarize the overall safety measures of the tool based on the rating and SEBI registration:
|
Factor |
Evidence |
|
SEBI registration |
Operates under Springpad’s RA reg INH000022950, not independently registered |
|
Broker API approval |
Not publicly displayed. Raises questions about automated execution claims |
|
Trustpilot (Springpad) |
~4.7/5 rating but relates to Springpad broadly, not Bulls AI specifically |
|
User complaints |
F&O losses, webinar upselling, limited live performance vs backtested claims |
|
Strategy backtesting |
Available but live results reported to vary significantly |
|
Pricing |
₹1 lakh+ for premium courses; Bulls AI access sold as part of that package |
The honest summary: Bulls AI may serve as a useful learning tool for understanding algo strategy concepts. As a standalone trading signal service expected to generate consistent profits, the user evidence doesn’t match the marketing claims made during webinars and promotions.
Bulls AI Complaints
Beyond Trustpilot’s 4.7 rating for Springpad broadly, specific feedback about Bulls AI and Springpad courses tells a different story:
1. F&O recommendations causing losses: Multiple users specifically flagged the F&O segment. Reviewers report that strategies resulted in significant financial losses, with the risk-to-reward ratio described as consistently poor in live markets, despite strong backtested numbers.
2. Webinar upselling over substance: A detailed LinkedIn post from April 2025 described “scripted FOMO,” fake urgency tactics, and promises of “limited to 50 students” spots.
The three-hour session was described as full of recycled slides and hard-selling tactics pushing ₹1 lakh+ premium courses, not genuine AI trading education.
3. Lifetime membership disappointment: Users who purchased lifetime memberships report finding access limited to a small number of Algos, not the full catalogue implied during the sales process.
4. Accuracy claims vs live reality: The platform’s stated accuracy benchmarks don’t consistently match user experience, particularly in intraday and F&O segments.
5. Positive feedback does exist: Many users report gaining useful introductory knowledge about AI tools and their application in market analysis through Springpad’s educational content.
The issue is the gap between what’s promised and what’s delivered at the premium course level.
How to File a Complaint Against Bulls AI?
If Bulls AI’s performance didn’t match what you were promised, or if the course fees weren’t worth what was delivered, here’s the correct escalation path:
Step 1: Gather all evidence
Keep payment receipts, course enrollment confirmations, webinar recordings or screenshots, any WhatsApp/email communication with Springpad representatives, and screenshots of the strategy performance claims you were shown.
Step 2: Contact Springpad directly
Raise a written complaint with Springpad Wealth Solutions through their official contact channels. Give them 30 days to respond. Keep all communication documented.
Step 3: File on SEBI SCORES
If unresolved, escalate to SEBI’s SCORES portal. Your complaint is formally recorded and forwarded to Springpad with a mandatory response requirement.
Step 4: SMART ODR
If SCORES doesn’t resolve it, escalate to SMART ODR for online mediation.
Step 5: Arbitration in Share Market
For financial loss disputes that remain unresolved, NSE/BSE arbitration is the final binding step.
Need Help?
Lost money following Bulls AI strategies or Springpad’s recommendations?
Our team helps you build your complaint, file it correctly, and represent your case through arbitration. Register with us now.
Conclusion
Bulls AI is a real platform backed by a SEBI-registered entity with credible-looking founders and polished marketing.
The strategy catalogue is structured, the interface is clean, and the Trustpilot ratings look reassuring at first glance.
But real user feedback, particularly around F&O losses, the gap between backtested and live performance, high course fees, and aggressive webinar upselling, raises genuine questions that the ratings alone don’t answer.
If you’re evaluating Bulls AI before paying: read the strategy terms carefully, understand that backtested results are simulations not guarantees, and assess whether the combined cost of Springpad courses plus Bulls AI access is justified by what you actually receive.
If you’ve already paid and feel misled, SEBI SCORES, SMART ODR, and arbitration all exist for exactly this situation.
Frequently Asked Questions
1. Is Bulls AI SEBI registered?
No, Bulls AI does not hold an independent SEBI registration. It operates under Springpad Wealth Solutions Private Limited’s SEBI Research Analyst registration (INH000022950). The regulatory accountability lies with Springpad as the registered entity.
2. Is Bulls AI the same as Springpad AI?
Bulls AI is the algo trading tool within the Springpad ecosystem. Springpad AI is the broader educational platform. They share the same SEBI registration and the same founders, Pratik Chakraborty and Rahul Chandra.
3. Is Bulls AI good for trading?
Based on user evidence, Bulls AI is more useful as an educational tool for understanding algo strategy concepts than as a reliable signal service for consistent live trading profits. Backtested results have not consistently translated to live market performance according to multiple user reports.
4. Who created Bulls AI?
Bulls AI was created by Pratik Chakraborty and Rahul Chandra, co-founders of Springpad AI (SpringPad Wealth Solutions Private Limited).
5. How do I file a complaint against Bulls AI?
Complaints must be filed against Springpad Wealth Solutions Private Limited, the registered entity. Start with their official support channel, then escalate to SEBI SCORES, SMART ODR, and arbitration if unresolved. We can help you through every step. Register with us for a free consultation.
6. Are Bulls AI’s backtested results reliable?
Backtested results show how strategies would have performed using historical data. They do not guarantee the same performance in live markets, where conditions, volatility, and events are unpredictable. This distinction is a key concern raised by users who followed Bulls AI strategies and experienced losses.
7. Can Springpad or Bulls AI guarantee trading profits?
No. SEBI regulations explicitly prohibit registered research analysts from guaranteeing profits or assured returns. If any representative made such promises during a webinar or sales session, that is a potential SEBI violation worth reporting.
