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NSE NOW Vs Fyers One Options Trading Platform Comparison

Compare Trading Platform NSE NOW and Fyers One. Find similarities and differences between NSE NOW and Fyers One Trading Softwares. Find the most powerful trading platform. Find which trading software is better among NSE NOW and Fyers One.

NSE NOW Vs Fyers One

  NSE NOW Fyers One
NSE NOW Logo Fyers One Logo
About Trading Platform

NSE NOW is an installable trading platform owned by NSE. It facilitates trading in multiple segments across multiple exchanges in addition to allowing traders to invest in IPOs and Mutual Funds. The platform is known for its speed and comprehensive set of features. It is a licensed platform used by over 100 brokers in the country.

Fyers One is a trading platform launched in May 2016. The platform comes in 3 versions- an installable trading platform, a web trading platform, and a mobile app.

Platform Owner What is this parameter? National Stock Exchange of India Ltd. Fyers securities
Trading Segments Offered What is this parameter?

Equities, Currency and Derivatives

Equities, Currency, Commodities and Derivatives

Products Offered What is this parameter?

EXE version, WEB version, Mobile version, NOW Touch

Fyers One, Fyers Markets, Fyers Web

Order Type Offered What is this parameter?

Market, Limit, Stoploss, StopLoss (Market), Basket, Spread, After Market Orders

Limit, Market, StopLoss, Cover

Supported Exchanges What is this parameter?

NSE, BSE

NSE, BSE, MCX

Brokers using this platform What is this parameter?
Order Management System (OMS) What is this parameter? NOW (in-built)

Omnesys OMS

Risk Management System (RMA) What is this parameter? NOW (in-built)

Omnesys RMS

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Trading Platform Review

  NSE NOW Fyers One
Product Highlights What is this parameter?

NOW trading platform is licensed to over 100 brokers and used by millions of traders. The platform is known for its top speed and reliable execution. Some of the major highlights of the platform are-

  • Exhaustive Administration features
  • A robust risk management system
  • high speed and reliability
  • Day-wise and net- wise reports.
  • Advanced graphs and charts.

Some of the major highlights of the Fyers One trading platform are-

  • Highly advanced charting with over 60 indicators
  • Inbuilt stock screeners to identify profitable opportunities
  • Advanced EOD Reports
  • Portfolio Tracker and Simulation
Key Features What is this parameter? NSE NOW Platform Features

Source:Asthatrade.com

NSE NOW trading platform is perfect for all types of traders. Here are some of the major features-

  • Single platform to trade hassle free across all asset classes (Equities, Derivatives, Currencies, Commodities, Offer for Sale).
  • Fastest order execution
  • Real-time streaming quotes and market data
  • Facilitates Portfolio and Holdings Tracking
  • Market watch Groups creation
  • More than 15 charts with 80+ technical indicators
  • Fund Transfer and Monitoring Margin utilization.
Fyers One Features

Source: Fyers One

Fyers One is a robust platform that offers a comprehensive set of features like-

  • Advanced Charting with a facility to directly trade from the chart
  • Price Ladder Trading for intraday traders.
  • Technical screeners to keep a track on the trends, intraday movements, support and resistance levels, circuit breakers, etc.
  • FnO Analysis tools for making speedy trading decisions.
  • Market data on global equity indices, commodities, currencies, and ADRs.
  • EOD reports and analysis after market hours.
  • Ten uniquely styled customizable workspaces.
  • Portfolio tracker and simulation
Advantages
  • Fast and reliable trading platform
  • Licensed by over 100 brokers
  • Comprehensive set of features
  • Robust risk management system
  • Access to suite of data feed products of NSE
  • In-house developed powerful trading platforms
  • Facility for Thematic investments
  • Trading platforms available for free of cost.
  • Advanced Charts
  • Price Ladder Trading for intraday traders
Disadvantages
  • Average User Interface
  • Requires good processing power to run
  • Brokers are charged usage charges which most pass it on to customers
  • Bracket orders (BO) / cover orders (CO) are not available.
  • Exchange transactions charges are slightly higher than other discount brokers.
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Features of Trading Platform

  NSE NOW Fyers One
Installable Trading Terminal What is this parameter? Yes Yes
Trading Website What is this parameter? Yes Yes
Mobile Trading App What is this parameter? Yes Yes
API Access What is this parameter? No No
Offered by Multiple Brokers What is this parameter? Yes No
Equity Trading What is this parameter? Yes Yes
Currency F&O Trading What is this parameter? Yes Yes
Commodity Trading What is this parameter? Yes Yes
Online IPO Application What is this parameter? Yes No
Online Mutual Funds What is this parameter? Yes No
Integrated Backoffice What is this parameter? No Yes
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Charts Related Features

  NSE NOW Fyers One
Chart Types Supported What is this parameter? 15 4
Chart Indicator What is this parameter? 80 60
Place Orders from Chart What is this parameter? No Yes
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Trading Platform Related Abbreviations / Definitions

  • Back-Office - The back office application facilitate trade analysis, managing funds in the trading account, managing portfolio, pledged holdings, P&L Statements, reports related to tax filings, end of day reports and historical data.
  • OMS – An Order Management System is a software program developed to execute market transactions in an efficient and cost-effective manner. Stockbroker uses OMS to manage orders received from customers.
  • RMS - The risk management system of Trading Platform. This core component manages various risk components while trading. This includes making sure that customer has enough margin available for open positions and take the required actions in case of short of capital.
  • Trading Product Types
    • MIS - Margin Intraday Square-off
    • CNC - Cash n Carry
    • NRML - Normal F&O trades
    • BO - Bracket Order
    • CO - Cover Order
    • AMO - After Market Order
  • Order Types
    • Market Order
    • Limit Order
    • SL Order - Stoploss or trigger
    • SL-M Order - Stoploss Market
  • Exchanges
    • BSE - Bombay Stock Exchange
    • NSE - National Stock Exchange
    • MCX - Multi Commodity Exchange