Quick Summary
Modern Algos Pvt Ltd’s own SEBI complaint disclosure shows 124 total complaints since 2022, all resolved, with zero currently pending. Its monthly and annual trend tables reconcile cleanly, but its homepage complaint widget shows a different number than its own detailed table for the same month. Its Google Play Store app carries a 3.9-star rating, with multiple detailed one-star reviews describing stop-loss and execution problems. This page covers the complaint tables, the specific reporting mismatch found, and every review referenced here in full.
Modern Algos Pvt Ltd Reviews covers the side of this firm that its registration certificate alone cannot show you: what its own complaint disclosures actually contain, and what real subscribers say about using the platform.
For the firm’s SEBI registration, pricing structure, and the tension between its automated trading bots and its Research Analyst obligations, the companion Modern Algos review covers that ground in full.
This page focuses entirely on the numbers and the reviews, read in detail rather than summarised.
Modern Algos Pvt Ltd Complaint Data For March 2026
SEBI requires every registered Research Analyst to publish a monthly complaint disclosure, and Modern Algos Pvt Ltd’s own table for March 2026 breaks down as follows.
| Source | Pending at End of Feb. | Received | Resolved | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|---|
| Directly from Investors | 0 | 2 | 2 | 0 | 0 | 0 days |
| SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 days |
| Other Sources | 0 | 0 | 0 | 0 | 0 | 0 days |
| Grand Total | 0 | 2 | 2 | 0 | 0 | 0 days |
Both complaints received directly from investors in March 2026 were resolved the same month, with nothing carried into April.
Modern Algos Pvt Ltd Monthly Complaint Disposal Trend
Reading the month-by-month record shows the full pattern behind that single snapshot.
| Month | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| April 2025 | 0 | 2 | 2 | 0 |
| May 2025 | 0 | 4 | 4 | 0 |
| June 2025 | 0 | 5 | 4 | 1 |
| July 2025 | 1 | 3 | 4 | 0 |
| August 2025 | 0 | 3 | 3 | 0 |
| September 2025 | 0 | 5 | 5 | 0 |
| October 2025 | 0 | 0 | 0 | 0 |
| November 2025 | 0 | 1 | 1 | 0 |
| December 2025 | 0 | 1 | 1 | 0 |
| January 2026 | 0 | 0 | 0 | 0 |
| February 2026 | 0 | 1 | 1 | 0 |
| March 2026 | 0 | 2 | 2 | 0 |
| Total | 1 | 27 | 27 | 0 |
This table reconciles cleanly on its own terms. One complaint was carried forward from June into July, and it was resolved that same month alongside three new complaints.
Every one of the 27 complaints received during FY 2025-26 was resolved, leaving no pending complaints at year-end.
Modern Algos Pvt Ltd Annual Complaint Disposal Trend
Zooming out to the full multi-year record shows a firm with a consistently strong disposal rate.
| Financial Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2022-23 | 0 | 13 | 13 | 0 |
| 2023-24 | 0 | 15 | 15 | 0 |
| 2024-25 | 0 | 69 | 69 | 0 |
| 2025-26 | 0 | 27 | 27 | 0 |
| Total | 0 | 124 | 124 | 0 |
Three things stand out from this table, each worth its own explanation.
1. The Disposal Record Is Genuinely Strong
The firm reported resolving all 27 complaints received during FY 2025-26, with zero pending complaints at the end of March 2026 and zero complaints aged beyond three months.
2. There Was Only a Temporary Backlog, Not a Persistent One
The only pending complaint recorded during the year appeared in June 2025, when 5 complaints arrived, and 4 were resolved.
The one outstanding case carried into July and was closed alongside three new complaints that same month.
The data does not show a recurring or growing backlog anywhere in the record.
3. Complaint Volume Declined Substantially Year Over Year
Complaints fell from 69 in FY 2024-25 to 27 in FY 2025-26, a decline of roughly 61 percent.
This is a positive signal on its own, though complaint volume alone cannot confirm whether the underlying conduct or service quality actually improved, since fewer complaints can also reflect fewer active subscribers.
A few caveats are worth holding alongside these positive numbers, rather than instead of them.
- The zero-day average resolution time shown for March 2026 is difficult to independently verify, since the disclosure table does not provide individual complaint receipt and resolution dates.
- Zero complaints were routed through SEBI SCORES during March 2026, but this alone does not confirm that no grievances existed that could have escalated there.
- Complaint data, however clean, cannot by itself confirm full regulatory compliance. It says nothing about the quality of research reports, the accuracy of advertising claims, or other investor-facing disclosures covered separately in the companion review.
Why Does Modern Algos Pvt Ltd’s Homepage Complaint Count Not Match Its Own Table?
This is a specific, checkable inconsistency found directly on the firm’s own site.
The homepage displays a “Rest Assured” complaint summary widget showing just 1 complaint received and 1 resolved during the month. Clicking through to the detailed complaint table for the same period shows 2 complaints received and 2 resolved, not 1.
Two different numbers for the same reporting period, shown on two different parts of the same website, is the kind of detail worth the firm correcting, since an investor scanning only the homepage widget would come away with a different picture than one who checks the full table.
A second reporting gap sits alongside this one. SEBI requires a registered Research Analyst to update its monthly complaint data by the 7th of every month.
At the time of this review, no such update had been made for the current reporting period.
What Do Modern Algos Pvt Ltd App Reviews Say?
The Modern Algos app carries a 3.9-star rating on Google Play, with a number of detailed critical reviews sitting alongside the positive ones.
We are reporting what these named reviewers said on a public platform, in our own words rather than theirs. We are not independently verifying these individual accounts, and no SEBI order confirming this conduct has been issued as of this writing.
1. “Entertainment Ka Boss,” 11 September 2024
This reviewer questioned why the app carries such a high average rating at all, describing losses using its algo trading feature.
They said stop-loss settings did not apply the way they were configured, and that trades closed at the platform’s own execution price rather than the levels actually set.
Their overall view was that manual trading would have produced a better result. This review was marked helpful by 14 people.
2. Deepak Gupta, 21 January 2024
This reviewer described a profit target and stop-loss on an intraday options trade that did not execute correctly.
When they contacted customer support, they were told the order executed at the prevailing market price rather than the specific target and stop-loss levels configured beforehand.
3. “Pwrntsh,” 21 February 2023
This reviewer said the algo feature did not function properly and that customer support did not help resolve the issue.
They described trying, without success, to reach someone who could help fix a technical error or improve their strategy, and were critical of the support they received.
Modern Algos itself replied to this review on 10 January 2024, acknowledging the concern and asking the reviewer to contact support directly with their details.
The reply also noted the app had recently been updated with new features, and invited the reviewer to try the updated version.
A recurring theme runs across all three reviews:
- Stop-loss and target execution not behaving as configured.
- Difficulty reaching a knowledgeable support contact when something goes wrong.
These are specific, functional complaints worth raising directly with the firm’s support team before you rely on the platform’s automated features with real capital.
How to File a Complaint Against Modern Algos Pvt Ltd?
If your own experience matches the execution or support issues described above, document what happened as specifically as possible: screenshots of the configured stop-loss or target, the actual executed price, and any support correspondence.
The general complaint against SEBI registered research analyst process explains what to expect at each stage of escalation, regardless of which specific issue you are raising.
Send your complaint in writing to the firm’s support email first, referencing the specific trade or dates involved, and keep a copy of what you sent.
If the firm’s response does not resolve things, the SEBI SCORES portal is where you file formally, citing registration number INH200009935 and attaching your evidence.
Keep the acknowledgement SEBI issues once your complaint is filed, since you will need that reference number if you escalate further.
Should SCORES not bring resolution, the SMART ODR login offers structured online conciliation between you and the firm.
This route generally moves faster than a formal hearing, since it is built around reaching an agreement both sides accept.
If conciliation does not resolve your dispute, formal stock market arbitration remains the final step available to you.
Had a stop-loss or execution issue with Modern Algos Pvt Ltd that support never resolved?
We review your trade logs, configured settings, and support correspondence to identify exactly where things went wrong, then help you build a complaint SEBI will actually act on. Register with us for a free consultation.
Disclaimer: This review is based on Modern Algos Pvt Ltd’s own published complaint disclosures and publicly visible Google Play Store reviews, and does not constitute a SEBI finding. Individual reviewer accounts have not been independently verified and should be weighed alongside the firm’s own disclosure data.
Conclusion
Modern Algos Pvt Ltd’s own SEBI complaint disclosure shows a genuinely strong disposal record: 124 complaints resolved out of 124 received since 2022, with no persistent backlog and a sharp year-over-year decline in volume.
At the same time, its homepage complaint widget does not match its own detailed table for the same reporting period; its monthly disclosure had not been updated by the required date at the time of this review; and its app carries specific, detailed user complaints about stop-loss and target execution alongside its 3.9-star rating.
Weigh the strong disposal numbers against the specific execution complaints and the homepage discrepancy before deciding how much weight to place on the complaint data alone.
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Frequently Asked Questions
Its own SEBI disclosure shows 124 complaints received since FY 2022-23, all resolved, with zero pending as of March 2026.
The homepage widget showed 1 complaint received and resolved for the period, while the detailed table for the same period showed 2. This is a reporting inconsistency worth the firm correcting.
The app holds a 3.9-star rating on Google Play. Several detailed one-star reviews describe stop-loss and target orders executing at different prices than configured, and difficulty reaching knowledgeable customer support.
Yes, in at least one instance the firm replied publicly to a critical review, asking the user to contact support directly and noting the app had recently been updated with new features.
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