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NSE NOW Vs HDFC ProTerminal Options Trading Platform Comparison

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

NSE NOW Vs HDFC ProTerminal

  NSE NOW HDFC ProTerminal
NSE NOW Logo HDFC ProTerminal 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.

HDFC Pro Terminal is a web-based trading platform developed for traders and analysts and offers a range of essential and advanced features for fast and reliable trading. The platform offers some unique features like sentiment analysis and predictive data analysis to help you accurately gauge the market sentiment and predict the market trends.

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

Equities, Currency and Derivatives

Equities, Currency, Derivatives, Mutual Funds and Bonds

Products Offered What is this parameter?

EXE version, WEB version, Mobile version, NOW Touch

Pro Terminal App

Order Type Offered What is this parameter?

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

Limit, Market, StopLoss, StopLoss-Market

Supported Exchanges What is this parameter?

NSE, BSE

NSE, BSE

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

Trading Platform Review

  NSE NOW HDFC ProTerminal
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.

HDFC Pro Terminal is an advanced trading platform built for faster trading and deep analysis of stocks. Some of the key highlights of the platform are-

  • Sentiment analysis- To understand the sentiments behind a stock movement and take an informed trade call.
  • Predictive data analysis- To predict the future of the market leveraging data.
  • Strategy screen- To analyze probability for price forecast, and evaluate various options trading strategies based on your risk and reward preferences.
  • Advanced charting- To deeply analyze a stock or a contract.
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.

Major features of the HDFC Pro Terminal platform are-

  • User-defined watchlists to build your own watchlists and keep track of the desired stocks.
  • Technical signals when a particular stock breaks important levels on key technical indicators.
  • 8 different types of charts including Line, Area, Candlestick, Line Break, OHLC, Range Bars, Heikin-Ashi, and Renko for comprehensive analysis.
  • Directly place an order from the Chart screen.
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
  • Advanced trading platform that leverages high-end technology.
  • Unique features like sentimental analysis and predictive data analysis.
  • Strategy screen to evaluate option strategies.
Disadvantages
  • Average User Interface
  • Requires good processing power to run
  • Brokers are charged usage charges which most pass it on to customers

Subscription fee to access the platform.

Features of Trading Platform

  NSE NOW HDFC ProTerminal
Installable Trading Terminal What is this parameter? Yes No
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 No
Online IPO Application What is this parameter? Yes No
Online Mutual Funds What is this parameter? Yes Yes
Integrated Backoffice What is this parameter? No No

Charts Related Features

  NSE NOW HDFC ProTerminal
Chart Types Supported What is this parameter? 15 8
Chart Indicator What is this parameter? 80
Place Orders from Chart What is this parameter? No Yes

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