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Zerodha Kite Vs NSE NOW Trading Platform Comparison

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

Zerodha Kite Vs NSE NOW

  Zerodha Kite NSE NOW
Zerodha Kite Logo NSE NOW Logo
About Trading Platform

Zerodha Kite is the flagship trading platform offered by Zerodha, India's most popular stock broker. Kite platform has a website and mobile trading app which is developed in-house by Zerodha.

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).

Platform Owner Zerodha National Stock Exchange of India Ltd.
Trading Segments Offered NSE Cash, BSE Cash, NSE F&O, BSE F&O, CDS, MCX Equities, Currency and Derivatives
Products Offered CNC, MIS, NRML, BO, CO MIS, CNC, NRML
Order Type Offered Limit, Market, SL, SL-M Limit Orders, Market Orders, Stop Loss Orders, After Market Order and Cover Orders
Supported Exchanges BSE, NSE, MCX NSE, BSE, MCX
Brokers using this platform
Order Management System (OMS) NEST Order Management Systems (OMS) by Omnesys NEAT by NSE
Risk Management System (RMA) NEST Risk Management Services (RMS) by Omnesys NEAT by NSE
Trading Platform Enquiry Open Account Open Account

Zerodha Kite Vs NSE NOW Review

  Zerodha Kite NSE NOW
Highlights
  • Powerful web and mobile trading application
  • Works well in low bandwidth
  • Charts offered from two providers; TradingView and ChartIQ.
  • Extensive charting with over 100 indicators and 6 chart types
  • Advanced order types like Brackets and cover
  • Build on top of Omnesys OMS and RMS
  • 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.
Features

Kite is superior trading platform loaded with many features which are not provided by its competitor.  As Kite is under active development, Zerodha is bringing in 100's of new features every new version released. Here are few key features which make Kite a unique trading experience. 

  1. Dashboard / Account Summary
  2. Market Watches
  3. Streaming Quotes
  4. Browser Notifications
  5. Market Depth View with Streaming Updates
  6. Floating Order Window
  7. Exit multiple orders/positions in one click
  8. Multiple chart view (4 charts on the same screen)
  9. Trade from charts (place trades from popped out charts)
  10. Order Types: Regular, CO, BO, AMO

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.
Advantages
  • Clean & intuitive UI
  • ₹0 brokerage for equity delivery and flat ₹20 for F&O trading.
  • Universal search for all contracts across all exchanges - NSE, BSE, MCX
  • Live Steaming quotes
  • Multiple marketwatch and live market depths
  • Advanced chart with 100+ indicators
  • Advance order types including AMO, BO (Bracket orders), CO (Cover orders)
  • 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.
Disadvantages
  • Not available as installable trading terminal.
  • Option to investing in IPO's online is not available.
  • Mutual Funds investment is not part of this platform.
  • Reporting is part of a seprate backoffice software.
  • Dependency on Omnesys OMS and RMS systems.
  • Can't trade directly from charts.
  • 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.

Zerodha Kite Vs NSE NOW Features

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

Zerodha Kite Vs NSE NOW Charts

  Zerodha Kite NSE NOW
Chart Types Supported 6 15
Chart Indicator 100 80
Place Orders from Chart No Yes

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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