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NSE NOW Vs HDFC ProTerminal 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 NOWHDFC ProTerminal
NSE NOW LogoHDFC 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 OwnerNational Stock Exchange of India Ltd.HDFC securities Ltd.
Trading Segments Offered

Equities, Currency and Derivatives

Equities, Currency, Derivatives, Mutual Funds and Bonds

Products Offered

EXE version, WEB version, Mobile version, NOW Touch

Pro Terminal App

Order Type Offered

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

Limit, Market, StopLoss, StopLoss-Market

Supported Exchanges

NSE, BSE

NSE, BSE

Brokers using this platform

There are many brokers who offer NSE NOW trading platform to their customers. Some of the prominent brokers offering NSE NOW are-

Tradeplus (online brand of Navia Markets Ltd and Navia Commodities Broker Pvt. Ltd)

Finvasia Securities Private Limited

Prostocks

Order Management System (OMS)NOW (in-built)
Risk Management System (RMA)NOW (in-built)
Trading Platform Enquiry

NSE NOW Vs HDFC ProTerminal Review

 NSE NOWHDFC ProTerminal
Product Highlights

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 FeaturesNSE 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.

Account Opening Enquiry

NSE NOW Vs HDFC ProTerminal Features

 NSE NOWHDFC ProTerminal
Installable Trading TerminalYesNo
Trading WebsiteYesYes
Mobile Trading AppYesYes
API AccessNoNo
Offered by Multiple BrokersYesNo
Equity TradingYesYes
Currency F&O TradingYesYes
Commodity TradingYesNo
Online IPO ApplicationYesNo
Online Mutual FundsYesYes
Integrated BackofficeNoNo
Open an Account

NSE NOW Vs HDFC ProTerminal Charts

 NSE NOWHDFC ProTerminal
Chart Types Supported158
Chart Indicator80
Place Orders from ChartNoYes
Online Account Opening

NSE NOW Vs HDFC ProTerminal Features

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