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NSE NOW Vs Upstox Pro Options Trading Platform Comparison

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

NSE NOW Vs Upstox Pro

  NSE NOW Upstox Pro
NSE NOW Logo Upstox Pro 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.

Upstox Pro is a free web-based trading platform that facilitates trading across Stocks, Futures and Options, and Currencies in NSE and BSE. The platform is developed using HTML5 technology and offers high speed and ease of use to traders.

Platform Owner What is this parameter? National Stock Exchange of India Ltd. RKSV Securities India Private Limited
Trading Segments Offered What is this parameter?

Equities, Currency and Derivatives

Equities, Currency and Derivatives

Products Offered What is this parameter?

EXE version, WEB version, Mobile version, NOW Touch

Pro Web, Pro Mobile, Algo Lab, Developer, Dartstock, Nest Trader, Fox Trader

Order Type Offered What is this parameter?

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

Limit, Market, StopLoss, StopLoss-Market, StopLoss-Limit, Cover, Bracket, After 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)

Omnesys NEST OMS

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

Omnesys NEST RMS

Trading Platform Review

  NSE NOW Upstox Pro
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.

Upstox is a powerful trading platform. Some of the major highlights of the platform are-

  • Used by over 100K+ traders
  • Built using HTML5 technology
  • Powerful and easy to use
  • Advanced charts with 100+technical indicators
  • Highly customizable as per trading needs
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.
Upstox Pro Features

Source: Upstox

Upstox pro is available in web and mobile version and offers fast trading experience to users. The platform offers a range of features to traders such as-

  • Universal search tool to search for desired stocks.
  • Single platform for trading in Stocks, Futures and Options, and Currencies
  • Powerful charting tools with over 100 technical indicators to apply
  • Charts of multiple intervals, types and drawing styles
  • Facility to trade directly from charts
  • Create unlimited price alerts and get instant updates
  • Create unlimited customized watchlists
  • Get real-time market feeds to be updated on your scrips
  • Get access to predefined watch-list of Nifty 50 and other indices
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
  • Good charting features
  • Good customization options
  • Frequent updates to the product
  • Fast trading experience
Disadvantages
  • Average User Interface
  • Requires good processing power to run
  • Brokers are charged usage charges which most pass it on to customers
  • The platform doesn't allow direct investing in mutual funds.
  • It has limited features when compared to other platforms available in the market.
  • The user experience of the app is better than the web version.

Features of Trading Platform

  NSE NOW Upstox Pro
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 Yes
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 No

Charts Related Features

  NSE NOW Upstox Pro
Chart Types Supported What is this parameter? 15 13
Chart Indicator What is this parameter? 80 100
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







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