Quantconnect Reviews

Industry standard tools thriving community passionate team

I joined QuantConnect back in 2018 as a hobbyist trying to learn the basics of algorithmic trading Three years later and countless hours spent on LEAN and QuantConnect I can only speak highly of this platform that helped me make the career change I was looking for Complexity This is not some drag-and-drop platform to build out-of-the-box trading bots Yes the API takes some time to learn but I think that should be expected of any serious software that offers this level of flexibility and robustness Community I ve seen the community grow over the years and become this amazing mix of backgrounds that share creative ideas and help each other AlphaStreams Marketplace I ve personally been developing and submitting alphas to the marketplace from the beginning some of which got licensed by clients The criteria to enter is strict to ensure statistical significance of results and competition is fierce but this growing marketplace has the potential to revolutionize the open-source quant scene by providing a stable income to alpha developers Team I ve worked closely with the QuantConnect team over the years and their professionalism and integrity are out of the question Not only I trust them with holding my algorithms but so do my institutional clients for whom I work in QuantConnect All in all a fantastic platform for anyone looking for institutional-grade software a thriving community of like-minded algo traders and a hard-working trustworthy team of professionals

Algorithmic trading soup to nuts

QuantConnect enables algorithmic traders of all experience levels to turn an idea into a reality I first found QuantConnect many many years ago while contemplating building my own backtesting platform I was relieved to find QuantConnect and its open sourced LEAN project The engineering philosophy that underpins the platform is one of unlimited customizability while also making the most common tasks simple or automatic The full QuantConnect platform provides its users many tools that improve the efficiency and most importantly reduce the time between idea and feasibility testing As with any software product time needs to be spent learning the APIs but with documentation for the entire platform available directly in the browser combined with QuantConnect s algorithm bootcamp and extensive documentation of recipes detailing how to use each and every feature this spinup time is greatly reduced especially if you re already confident with your programming skills QuantConnect even provides a free tier which is awesome You can test your trading ideas using free backtesting and when you ve built something worth trading you can run it through paper trading to make sure you haven t overfit your algorithm and then run it against your real brokerage account Even if you don t have your own capital to trade if you ve built a great algorithm you can license it out to other investors using QuantConnect s new Alpha Streams Marketplace All software products have bugs What differentiates the good from the bad is the response From everything I ve heard QuantConnect support is very timely with their responses and it s usually not a bug but rather a coding error When bugs are found they are fixed in github and once the fix is merged its available on the QuantConnect platform within about 5 minutes

Recommended

I have been programming on my bot for over 2 years In the beginning it was difficult to get to know the platform because there is a lot of possibilities coming at you But once you understand how this platform works and were to find the information It s a pleasure to work on your bot Pros - Strong community that mostly answers your questions in 24h or max 48 hours - Working locally or on the platform - Possibility of coding 100 your own strategy - Live Trading with a lot of markets Equity Crypto Forex Futures - They listen to proposals to improve the platform and take immediate action - If using the bronze membership your getting professional help within an hour It s normal they charge an amount for the professional help nothing is free these days - Implementing email sms telegram messages of the orders the bot is making Cons - If u have zero experience programming in Python or C it s hard to program your own bot despite their learning center - Maybe an app on the cellphone would be nice So you can check your bot code anytime you want not would be something extra A tip Keep persevere once your bot is trading live it s a reward for all the hard work

Great technology accessible team invaluable supporters of the ecosystem

QuantConnect has been an invaluable partner for my personal trading and for a university class that I teach The community is incredibly supportive and the leadership team are accessible which is almost unheard of in trading platforms these days In my class my graduate level students have been able to personally engage and implement constructs like Fama French factors and QuantConnect has been an active supporter to facilitate my students learning It s incredible to join the community have access to a variety of detailed trading algorithms instructional videos and see my students feel confident implementing week-to-week I don t think there s anything like QuantConnect out there today and I m a big supporter of their efforts I can t imagine my own trading or teaching my class without it

I have been using QuantConnect for over

I have been using QuantConnect for over a year now I started out using their free tier which basically lets you do everything that you need to do to get started and more coding backtesting access to historical data Due to this I was able to learn how to use platform at my own pace without feeling pressured by any fees or costs When I first started the documentation was still pretty spotty and it was difficult at first but I have always received fast and detailed replies by their staff and other community members they have since improved their documentation and I have improved from being a beginner on the platform to being one of the helpful community members I couldn t be happier with how QuantConnect and my own trading journey is evolving

I wasn t a programmer

I wasn t a programmer took a python basics course on youtube and their free bootcamp course and I was surprised how quickly I picked up object oriented programming and algorithmic trading coding on their platform The stocks data is free up to seconds timeframe after a long research on competitors I choose quantconnect and it was up to my expectations

Long time believer first time promoter

I ve been using Quantconnect for about two years but they ve just released new capabilities for options research based on user feedback that prompted me to add a review They listen to care about and build new features for their users free features Highly recommend

Scalable from individual to hedge fund great support and community

Hello I ve read all the reviews to date and thank those who contributed While I understand some of the negative sentiments I strongly disagree with them While many years ago I had more than a decade of paid software engineering coding experience I m not the smartest or best I ve ever met and I mostly worked in VBA with a smattering of C Java and various scripting languages My situation is that I evaluated numerous back testing platforms including those on popular trading applications and others and none offered everything I needed Quantconnect was the only platform which allowed me to import essential data from outside sources Ex-Dividend dates and amounts from IEX Cloud I use QuantConnect in conjunction with an options-hedged dividend stock fund My needs are to evaluate different fundamental statistics and technical measures and to correlate those to profit loss where the downside is protected by puts We sell calls to offset the cost of the puts but these can limit our upside Thus we need to tune the trade So with that background let me get to the point I ve been a minimum-charge account user for 4 years and recently upgraded The entire team from Jared and Alex to so many others have been impressively responsive incredibly knowledgeable and reassuringly passionate every step of the way Yes Quantconnect can be daunting and I agree the documentation may seem cumbersome at first However if your needs are a step beyond what the top 5 trading platforms offer in backtesting or you don t want to pay extra for data or expend the time learning and setting up such a platform then QuantConnect is for you Pros---Scalable I ve run a universe of 700 stocks for 2 years as of writing this with Options - 4 strikes and 1 year expiration QC processed over a 2 billion data points and completed in 90 minutes -Support As other reviewers noted there is complexity and often more than one approach The support engineers have been great They re attentive and patient and have ALWAYS found a solution - Comprehensive I have found no other platform that allows the complexity breadth and depth that QuantConnect does Cons - none that I can think ofWish List -- I would like to understand better the inner workings or how the sausage is made That would probably help me develop faster but at the same time LEAN is open source on GitHub I could should acquire the understanding I need I hope this helps you evaluate QuantConnect for your needs Thank you Craig

Shady site

QuantConnect review QuantConnect is one of the great platform to implement automated quant trading strategies However what makes me unhappy with this platform is that it is very slow at times Refer to screenshot link below showing the wait time more than 1800 seconds https ibb co BLBg52D