QuantConnect vs Testfol.io comparison

QuantConnect focuses on Quant, Backtesting, and Paper Trading while Testfol.io specializes in Backtesting, Correlation, and Risk Metrics. They overlap in 2 categories, so choose based on your preferred workflow and pricing.

Good news—both QuantConnect and Testfol.io offer free plans. You can try each platform without commitment and only pay when you need premium features.

QuantConnect is more beginner-friendly with an approachable interface. Both can work for intermediate users.

QuantConnect provides API access for programmatic data retrieval and custom integrations. Testfol.io doesn't currently offer an API, so you'll need to use their web interface.

Choose QuantConnect if you need Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers., and Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud.. Go with Testfol.io if Portfolio Backtester for constructing multi-asset portfolios (tickers like ETFs, mutual funds, and stocks) with cashflow legs and rebalancing controls (incl. rebalance bands)., and Backtest results include performance & risk statistics such as cumulative return, CAGR, MWRR, max drawdown, volatility, Sharpe/Sortino, beta, etc. better fits how you invest.

Both cover Stocks, and ETFs. QuantConnect also includes Options, Futures, Currencies, and Cryptos. Testfol.io adds coverage for Mutual Funds.

QuantConnect offers real-time data feeds, which is essential for active traders. Testfol.io uses delayed or end-of-day data, which works fine for longer-term investors who don't need up-to-the-second quotes.

Both platforms let you export data to spreadsheets (CSV). This is useful for custom analysis or record-keeping.

QuantConnect connects with brokers for portfolio syncing. Testfol.io requires manual portfolio entry or data import.