Quick Summary
Modern Algos is a SEBI-registered, non-individual Research Analyst under registration number INH200009935, effective June 30, 2022, operating from Hyderabad, Telangana. It runs an algo-trading platform, bundling automated bots and analytics tools with SEBI-registered research recommendations inside a single subscription. Its pricing shows a gap between its checkout page and its own FAQ, and its bots sit in tension with the rule that a Research Analyst cannot execute trades on a client’s behalf. This guide covers the registration, pricing, and that business model question in full. Complaint data and user reviews are covered separately in a dedicated review.
Modern Algos describes itself as an algo-trading platform built around a strategy builder, scalping tools, and option-chain analytics, bundled together with equity, F&O, and index F&O research recommendations under one SEBI registration.
It maintains an active presence across six social platforms and offers a dedicated mobile app on both iOS and Android.
This review works through what the firm’s own registration record, pricing page, and terms and conditions actually show, point by point.
Modern Algos Private Limited Review
Modern Algos combines two distinct kinds of service inside one platform, and understanding that combination matters before you look at anything else on this page.
- Algo-trading tooling: a strategy builder, scalping features, option-chain analytics, and automated bots designed to place trades on a user’s behalf once connected to a broker.
- SEBI-registered research: delivered as Research Picks across Equity, Stocks F&O, and Index F&O, alongside curated equity baskets.
These two categories of service are regulated differently under Indian securities law, and bundling them into a single subscription is the root of several points covered later in this review.
Is Modern Algos SEBI Registered?
Yes. Modern Algos Private Limited holds a valid, non-individual SEBI Research Analyst registration under number INH200009935, effective June 30, 2022, and also holds BSE Enlistment Number 5592.
Being a registered body corporate rather than an individual RA means the firm operates through a formal company structure, with a Startup India registration number on file alongside its SEBI and BSE credentials.
This distinction matters for accountability.
A non-individual registration means regulatory obligations sit with the company as a legal entity, which typically means a documented escalation chain rather than one person handling every function personally.
The Startup Registration number, DIPP123032, is issued by India’s Department for Promotion of Industry and Internal Trade and confirms the company is recognised under the government’s Startup India initiative, separate from and in addition to its SEBI registration.
This is a business-recognition credential, not a securities-market one, and it should not be mistaken for an additional layer of SEBI oversight.
What Does Modern Algos Charge?
The platform displays one visible pricing plan on its checkout page, the Advance Plan, priced at ₹1,999 per month before GST, with 18% GST bringing the total to ₹2,358.82.
What’s included: unlimited backtesting for index and stocks, equity baskets, Research Picks across Equity, Stocks F&O, and Index F&O, plus the Strategy Analyzer and Strategy Scanner.
Three specific issues came up while checking this pricing, worth reading in order.
1. Research and Trading Tools are Priced as One Bundle
The RA-research component, Research Picks across three categories, is not priced separately from the non-research tooling like backtesting and the Strategy Analyzer.
A subscriber cannot tell how much of the ₹1,999 covers regulated research versus unregulated trading tools.
2. The Same Plan is Listed at Two Different Prices
The checkout page shows ₹1,999 per month.
The firm’s own FAQ page states the advanced subscription plan costs ₹999 per month, roughly half.
3. No Account Number or UPI ID Appears before Payment
There is no visible “pay now” option. Clicking “Subscribe Now” redirects to a login page requiring a mobile number, and at no point does the site display an account number or UPI ID.
This matters beyond convenience. When paying any Research Analyst, confirming payment goes to the firm’s official account, not a personal one, is a basic protection.
A flow that never shows an account number or UPI ID makes that check harder to do upfront.
This is worth repeating for anyone in a hurry to subscribe: SEBI’s own rules require Research Analysts to accept fees only through specified modes such as cheque, bank transfer, or UPI, directly into the firm’s registered account, and cash payment is not permitted at all.
A checkout flow that never surfaces this detail leaves a subscriber unable to confirm, before paying, that the transaction is even going where it is supposed to.
Does Modern Algos’ Business Model Match SEBI’s Research Analyst Rules?
This is the most important structural question in this review, and it comes directly from the firm’s own published terms.
- The rule: Point 1 of Modern Algos’ own MITC states that the Research Analyst “cannot execute/carry out any trade on behalf of the client,” and advises clients not to permit this.
- The product: the platform’s own marketing describes Automated Bots built to execute trades automatically, using broker-issued access tokens, once a user configures their account.
These describe opposite functions. One document says the RA cannot execute trades on a client’s behalf.
The platform’s own product does exactly that, automatically, once configured.
One development is worth crediting directly: live trading through the platform is currently suspended site-wide, explicitly tied to SEBI’s new Algo Trading Framework.
Pausing a feature rather than quietly continuing to run it while the regulatory picture is unsettled is a responsible step.
That said, the underlying structural overlap between operating as a Research Analyst and operating a trade-execution platform is worth understanding fully before you subscribe, regardless of whether live execution is currently paused or active.
This is not a problem unique to Modern Algos. SEBI’s Algo Trading Framework was introduced specifically because a growing number of firms in this space combine research and recommendation services with automated execution tools, and the regulator is still working through how existing RA rules apply to that combination.
Until that framework fully settles, any platform advertising both roles is worth reading through this same lens: which specific feature is the RA function, which is the execution function, and are they actually kept separate in practice.
Is Modern Algos’ “Best Trading Platform” Award Independently Verified?
The homepage displays a badge stating “Recognised as BEST TRADING PLATFORM,” linking through to a Silicon India feature.
The underlying recognition is a “Startup City: 10 Best Market Trading Platform Startups, 2023” listing from a startup-focused magazine, describing itself as an annual rating of ten companies in the category.
This is a paid or nominated magazine feature, not an independent regulatory or exchange-issued recognition.
It should not be read as any form of SEBI or stock exchange endorsement, even though the badge is styled to look like a formal award.
Modern Algos’ Social Media and App Presence
Modern Algos maintains an active, linked presence across six platforms directly from its website footer: Facebook, X, LinkedIn, YouTube, Instagram, and Stocktwits.
A dedicated mobile app, “Modern Algos, Easy Algo Trading,” is available on both the iOS App Store and Google Play Store, positioned as the primary way subscribers interact with the platform’s tools.
A firm running this many active channels alongside a dedicated app is investing meaningfully in its public presence, which makes it easier to verify this is an active, ongoing operation rather than a one-page site with no real activity behind it.
Modern Algos Reviews and Complaint Data
A full breakdown of Modern Algos’ SEBI complaint disclosure, its monthly and annual trends, a reporting inconsistency found on its own homepage, and real user reviews from the Google Play Store is covered in full in the dedicated Modern Algos Pvt Ltd reviews piece.
That page is worth reading before you subscribe, particularly given the specific complaint-count discrepancy and user feedback documented there.
How to File a Complaint Against Modern Algos?
If your experience did not match its pricing page, or you were routed toward a payment method that never identified the firm’s official account, start by saving screenshots of the checkout flow, your payment confirmation, and any support correspondence.
Reading through the general complaint against SEBI registered research analyst process first will help you understand what to expect at each stage, regardless of which firm you are dealing with.
Raise your concern in writing with the firm’s support email directly before escalating further, and keep a dated copy of what you sent.
If that does not resolve the matter, the SEBI SCORES portal is where you file formally, citing registration number INH200009935 and attaching your documentation.
Keep the acknowledgement SEBI issues once your complaint is registered, since you will need that reference number for any further escalation.
Should SCORES not bring resolution, the SMART ODR login offers structured online conciliation between you and the firm.
This stage generally moves faster than a formal hearing, since it focuses on reaching an agreement both sides accept rather than a contested proceeding.
If conciliation does not resolve your dispute, formal stock market arbitration remains the final step available to you.
Not sure whether Modern Algos’ pricing or automated-trading setup matches what SEBI actually permits?
We review the firm’s public disclosures against your own subscription and help you build a complaint SEBI will actually act on. Register with us for a free consultation.
Disclaimer: This review is based on publicly available information from Modern Algos’ own website and SEBI’s public register, and does not constitute a SEBI finding or investment advice. Verify all current details directly with the firm and with SEBI before making any decision.
Conclusion
Modern Algos Private Limited holds a genuine, valid SEBI Research Analyst registration under INH200009935, operating as a registered body corporate combining algo-trading tools with bundled research recommendations.
At the same time, this review found an unresolved pricing gap between its checkout page and its own FAQ, no visible account number or UPI ID at payment, and a direct tension between its MITC’s “cannot execute trades” clause and its own Automated Bots feature.
The firm’s decision to pause live trading while SEBI’s Algo Trading Framework settles is a genuine point in its favour, but the pricing and payment-transparency issues are worth resolving with the firm directly before you subscribe.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes, registration number INH200009935 is valid and active as a non-individual, body corporate registration. Genuine registration does not resolve the pricing or business-model questions this review covers.
Its checkout page lists the Advance Plan at ₹1,999 per month, while its own FAQ states the advanced subscription plan costs ₹999 per month. Confirm the correct current price directly with the firm before paying.
Its own MITC states the Research Analyst cannot execute trades on a client's behalf, yet its platform features Automated Bots built to do exactly that. Live trading is currently suspended site-wide pending clarity under SEBI's Algo Trading Framework.
A full breakdown of its SEBI complaint disclosure, monthly and annual trends, and real Google Play Store reviews is covered separately in the dedicated Modern Algos reviews page.
No. The Startup Registration number (DIPP123032) is a separate government business-recognition credential, distinct from and in addition to its SEBI Research Analyst registration (INH200009935). Only the SEBI number relates to its regulated research activity.
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