FAQs

SpeedBot is a new way to trade on the stock market using Automatic trading strategies - AI-powered algo engines that only need to point and click when you create a strategy. Once created, it will trade for you without any need of human interaction.

> Analysis and execution together on the same platform.

> End-to-end seamless management of the users. e.g. one bot in multiple accounts and multiple bots in common accounts setup

> Order precision

> "No code" Strategy builder - to build future and option strategies without any programming knowledge.

> Users can trade in India and US both markets with one account profile.

> Precise Backtesting Report

> Options trading

> Strategy Builder

> Backtesting Engine

> Automation Execution

> Risk Management Tools

> Ready-Made Templates 

> Learning Resources

Basically SpeedBot has 2 types of plans.

1) Pay as You Go

2) Choose Subscription Plan

If you choose a plan then for India it starts with 500 INR per month and for the USA it starts with $90 per month.

> Yes, SpeedBot is the platform which is specially designed to work with both experienced and newbie traders.

> SpeedBot’s pre-built strategies and templates are user-friendly and provide a good starting point for new traders to experience algo trading. We also offer educational resources to help you learn and grow as a trader.

No, Speed Plans once charged are not refundable. Still you can go through our refund policy section or contact our team.

Yes, You can cancel your annual plan and upgrade to a higher or lower plan than your current plan.

SpeedBot is a Cloud-based Algo Trading Platform. You can access your plan either through Web App or Mobile App.

Yes, SpeedBot accepts payments made via UPI in India.

Yes if you purchased our subscription then you can access our platform with both locations and you can use it for Indian market trades and US market trades as well.

Algorithmic trading or automated trading is a method of determining the execution, entry, or exit of a financial transaction without human interaction. It is characterised by high speed and high frequency and can be applied to both manual and automated trading strategies using algo trading software.

Yes algo trading and automated trading both are similar.

Yes. You can start with the minimum investment mentioned while and can also enter it at the time of Strategy Building. Also, for the strategies listed on Marketplace, you can check the 'Initial Capital' under each strategy, and must add at least similar Funds into your brokerage account while making that strategy LIVE.

 Algo trading is a legal, legitimate, and unique way to trade in India and USA using SpeedBot’s algo trading software.

 Yes, As traditional trading can be pursued full-time, Technical Analysts can master Strategy building on Algo Trading app platforms and Offer their Strategies/Services to target customers who are looking for someone who can help them invest their capital.

To create strategies on algo trading software like SpeedBot you all have to choose your approach like you will choose No-code builder or Pre-built templates. After that, you can build your strategy, Backtest and Optimise it, and just make it live.

You will need an Options Trading Account; Targeted options to trade upon; Market Knowledge and Strategies for Buy/Sell. Too much, right? Use SpeedBot to automate your Options Trading Strategy. Just connect your Brooker App with SpeedBot and let the Algorithm work for you.

There is no specific experience required to start with trading options. Basic knowledge is required about the trading options which you can get easily from our Youtube channel or from our Learn section.

Options trading carries inherent risks due to the potential for significant losses if the market moves unfavourably. The level of risk is influenced by factors like volatility, time decay, and the complexity of the chosen options strategies. Thus, it is difficult to categorise specific trading strategies as inherently less or more risky than others.

 SpeedBot Algo Trading provides the most competitive pricing to complete the trades. Placing trade orders is Quick, Precise, and Emotionless (there is a high chance of execution at the desired levels). To prevent material price movements, trades are executed immediately and at the proper time.  It can reduce the Brokerage expenses.

In SpeedBot users can create their own bots as per their requirement or we have many ready-made bots which users can start using directly.

No, there is no coding knowledge required to develop a bot in SpeedBot. We are a no-code platform where users can create their own bots without any knowledge of coding technology.

Strategy Builder is a backtesting and execution tool specifically for options strategies in Nifty & Bank Nifty Options. Strategy creators can backtest options strategies with the on historical data from 2019. Also it allows deploying your Options trading algo on SpeedBot Algo Platform with just a few clicks.

SpeedBot does not provide strategy. However, if one wishes to understand how algo works then you can explore ready-to-use strategy templates whose trading logic are already disclosed.

In case you are unable to build your bot in the Builder then you can take our Experts help by clicking on “Develop with Experts”. You can add your query and get it resolved.

Yes, we do offer customer support. You can create a support ticket at https://speedbot.tech/helpdesk/.

No, there are no limitations in deploying your bots simultaneously. You can deploy as many bots as you want.

The historical data on SpeedBot is on 1 minute candle closing. That means whatever candle timeframe you mention the bot will check the conditions on that timeframe but the calculations will be done on a 1 minute closing basis.