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Tradelab Pi Vs Upstox Trading Platform Comparison

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

Tradelab Pi Vs Upstox

 Tradelab PiUpstox
Tradelab Pi LogoUpstox Logo
About Trading Platform

Tradelab Pi is a front-end stock trading platform. It offers web, mobile and desktop-based trading applications for retail traders. Designed for beginners to advanced traders, these trading apps are simple yet very powerful in terms of speed of execution and rich features.

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 OwnerTradelab Software Pvt. Ltd.RKSV Securities
Trading Segments OfferedEquity, Equity F&O, Commodity F&O, Currency F&O

Equities, Currency and Derivatives

Products OfferedCNC, MIS, NRML, BTST, BO, CO

MIS, CNC, NRML

Order Type OfferedLimit, Market, SL, SL-M, CO, BO, AMOLimit, Market, Stop Loss, Stop Loss Market, Cover Orders, Bracket Orders
Supported ExchangesBSE, NSE, MCX

NSE, BSE, MCX

Brokers using this platform
  • Discount Broker: Zerodha, Aliceblue, Trustline, SASOnline

  • Full-service Brokers: Adroit, Religare, MasterTrust

RKSV Securities
Order Management System (OMS)Omnesys OMS

Omnesys NEST OMS

Risk Management System (RMA)Omnesys RMS

Omnesys NEST RMS

Trading Platform EnquiryOpen Instant Account with Tradelab PiOpen Instant Account with Upstox

Tradelab Pi Vs Upstox Review

 Tradelab PiUpstox
Highlights
  • Pi is designed, built and maintained by Tradelab Software Pvt Ltd.
  • Pi is front-end trading software only. It uses Omnesys RMS and OMS which makes it secure and powerful.
  • Pi is available as a mobile app, desktop trading terminal, and browser-based trading website.
  • Pi's user interface is simple, fast and elegant.
  • Pi is offered by multiple stock brokers including Zerodha, Aliceblue, Trustline, SASOnline, Adroit, Religare and MasterTrust.
  • It supports multiple exchanges (NSE, BSE, and MCX) and segments (Equity, F&O, Currency, Commodity).
  • Advance order types such as Bracket Order, Cover Orders and After Market Orders are available.
  • 80+ Technical Indicators for Technical Analysis.
  • 10 types of charts such as Candle, Bar, Heikin-Ashi, etc.
  • 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
  • Switch seamlessly between web, mobile and desktop.
  • Get real-time market information about market indices, stocks and F&O contracts.
  • Create customize market watch and see market depth with just one click.
  • Trade across asset classes and stock exchanges (i.e. BSE, NSE and MCX) from the single trading platform.
  • Trade using advance order types i.e. CO and BO.
  • View reports including open positions, trade history and order history. Manage all your orders in one place.
  • Analyse stocks using candle charts with various studies to analyze the market.
  • Create custom alerts.
  • The Pi Installable Trading Terminal has advanced features including
    • Advanced charting
    • Keyboard shortcuts
    • Strategy back-testing
    • Consensus report,
    • Multiple window cascading
    • Order from charts
    • Technical analysis with 80+ technical indicators
    • Free historic data for back testing.

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
  • Tradelab Pi is simple, fast and elegant trading software for online trading.
  • It was built in 2015. Tradelab is adding many new features to it.
  • Pi software uses low CPU resources and memory, allowing trade with desktop and laptop with basic configuration easily.
  • It can work at a low internet bandwidth as well.
  • 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
  • It's 3rd party software rented by stock brokers.
  • 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.
Broker Account EnquiryOpen Instant Account with Tradelab PiOpen Instant Account with Upstox

Tradelab Pi Vs Upstox Features

 Tradelab PiUpstox
Installable Trading TerminalYesNo
Trading WebsiteYesYes
Mobile Trading AppYesYes
API AccessNoYes
Offered by Multiple BrokersYesNo
Equity TradingYesYes
Currency F&O TradingYesYes
Commodity TradingYesYes
Online IPO ApplicationNoNo
Online Mutual FundsNoNo
Integrated BackofficeNoNo
Open an AccountOpen Instant Account with Tradelab PiOpen Instant Account with Upstox

Tradelab Pi Vs Upstox Charts

 Tradelab PiUpstox
Chart Types Supported1013
Chart Indicator80100
Place Orders from ChartYesNo
Online Account OpeningOpen Instant Account with Tradelab PiOpen Instant Account with Upstox

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