NSE NOW Vs Upstox Trading Platform Comparison

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

NSE NOW Vs Upstox

  NSE NOW Upstox
NSE NOW Logo Upstox Logo
About Trading Platform

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).

Upstox is a web-based trading platform introduced in 2016. The platform provides a range of features for customers to analyze their trades and trade across stocks, commodities, currencies, futures and options across NSE, BSE and MCX.

Platform Owner National Stock Exchange of India Ltd. RKSV Securities
Trading Segments Offered Equities, Currency and Derivatives

Equities, Currency and Derivatives

Products Offered MIS, CNC, NRML

MIS, CNC, NRML

Order Type Offered Limit Orders, Market Orders, Stop Loss Orders, After Market Order and Cover Orders Limit, Market, Stop Loss, Stop Loss Market, Cover Orders, Bracket Orders
Supported Exchanges NSE, BSE, MCX

NSE, BSE, MCX

Brokers using this platform
Order Management System (OMS) NEAT by NSE

Omnesys NEST OMS

Risk Management System (RMA) NEAT by NSE

Omnesys NEST RMS

Trading Platform Enquiry Open Account Open Account

NSE NOW Vs Upstox Review

  NSE NOW Upstox
Highlights
  • 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.
  • Built in-house by upstox engineers from scratch.
  • HTML5 browser-based trading platform.
  • Mobile trading app for on-the-go trading and monitoring.
  • 100+ technical indicators.
  • 10 drawing tools to make analysis easy.
  • Opens 5 different windows at a time.
  • Customizable workspace.
  • Easy to use interface
  • Doesn't offer installable trading terminal.
  • Uses powerful Omnesys API, RMS and OMS in the background.
Features

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.

Key features of the platform are:

  • Trade in stocks, F&O, currencies and commodities through a single window.
  • Powerful charting tools with 100+ indicators to deeply analyze scrips.
  • Real-time data feeds on the scrips.
  • Access predefined stock list and indices.
  • Universal search tool.
  • Prepare a list of stocks with detailed information in quote panel.
  • Set price alerts for desired scrips.
  • Buy and sell stocks in one click.
  • Customizable workspace.
  • Add widgets to create a personalised experience.
Advantages
  • 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.
  • Built in-house. New features are added frequently.
  • Built using the latest technology.
  • Truly zero brokerage for equity delivery (cash & carry) orders.
  • Flat Rs 20 per trade for orders in all other segments.
  • Advance order type like BO and CO are available.
Disadvantages
  • 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.
  • Installable desktop trading terminal is not available.
  • Mutual funds are not available as part of this trading platform.
  • No trading tips, news or major event alerts in the app.
  • GTC/GTD orders are now available.

NSE NOW Vs Upstox Features

  NSE NOW Upstox
Installable Trading Terminal Yes No
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access No Yes
Offered by Multiple Brokers Yes No
Equity Trading Yes Yes
Currency F&O Trading Yes Yes
Commodity Trading Yes Yes
Online IPO Application Yes No
Online Mutual Funds Yes No
Integrated Backoffice No No

NSE NOW Vs Upstox Charts

  NSE NOW Upstox
Chart Types Supported 15 13
Chart Indicator 80 100
Place Orders from Chart Yes No

Trading Platform Definitions and Abbreviations

  • 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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