NSE NOW Vs Fyers One Trading Platform Comparison

NOW (NEAT on Web) is the flagship online trading platform offered by National Stock Exchange (NSE). NOW is a shared platform which is offered to the customer of many brokers. NSE exchange runs on a fully automated trading system named NEAT (National Exchange for Automated Trading).

Launched in May 2016, Fyers One is an installable trading terminal for online trading. It offers trading across multiple segments including commodity, equity cash, F&O, and currency derivatives. With advanced charting features, market scanners, technical indicators, and customizable workspace, it is a platform designed for professional traders.

• NOW is build and maintained by NSE.
• The servers are co-located in NSE datacenters which makes it fast.
• The RMS and OMS are the inbuilt part of NOW.
• Available for free of charge to brokers who are the member of NSE.
• NOW have 3 versions - installable trading terminal, trading website, and mobile trading app.
• NOW mobile app is available for Android as well as iOS phones.

Highlights of the Fyers One Trading Terminal are mentioned below:

• In-house built trading platform.
• The trading platform built on active feedback from customers.
• Trading charts powered by Tradingview
• Advanced charting with more than 65 technical indicators
• In-built Live Scanner & Trend Scanner
• 10+ workspaces
• Multi-time frame charts
• F&O Analysis tool available
• EOD reports
• Range of shortcut keys are available

NOW offers a wide range of functions which are critical for trading in the stock market. NOW Website and the Mobile app is designed for casual stock market investors. The trading terminal the powerful trading software for frequent traders. Here are some of the key features of NOW Trading Platform:

• Online trading through desktop, web and mobile app.
• Trade at multiple exchanges and across multiple trading segments.
• In-build OMS and RMS makes it faster.
• NOW trading platform is maintained by NSE. No installation is needed on broker side. No security issues on the broker side.
• A wide range of shortcut keys are available for frequent traders.
• Live quotes, stock analysis, historical data, reports etc are available.
• Custom stock alerts/notifications can be set up.
• Additional plug-ins are provided by NSE for specific needs.

• Advanced charting providing intraday data and historical EOD data.
• Inbuilt stock screeners to find real-time opportunities.
• 65+ technical indicators to provide 3-dimension analysis.
• Charts with multiple time frame options to spot indices.
• Stock screeners to analyse a trend, view intraday moments, etc.
• Market Meter to gauge stocks responsible for the market up/down.
• F&O Analysis for the informed traders to make trading decision speedily.
• 10+ different types of workspaces.

• Available for free for trading at NSE.
• Fast execution of orders. The servers are co-located with NSE Exchange.
• Trade at BSE, NSE, MCX, and NCDEX across all segments.

• Advance charting
• Advanced EOD reports of up to 10+ years.
• Stock screeners to filter, track and research stocks.
• 65+ technical indicators for advanced charting.

• Most stockbrokers do not offer to trade at BSE and MCX through NOW.
• Advanced charting features are not available.
• Bracket order is not available.
• The user interface is not as intuitive as other trading platforms.

• Fyers One is not available for Mac iOS users.
• Requires high system requirements to run smoothly.