NSE NOW Vs Zerodha Kite 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).

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.

Almost all discount brokers and many traditional brokers offer NOW trading platform.

• 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.

• Invest in stocks, bonds, ETFs, IPOs, government bonds, and gold bonds with zero brokerage fees.
• The Zerodha Kite platform offers powerful trading tools, including charting, analytics for futures and options, investment research, and backtesting.
• Zerodha Kite provides easy-to-read tax reports that can be used to file tax returns without hassle.
• Zerodha Kite portfolio tab gives Filtered and curated updates for the investments.
• Free access to products like Sensibull, Tijori, Streak, Quicko, and more.
• No gimmicks, spam, "gamification," or annoying push notifications.
• Trade futures and options (F&O) on the NSE and BSE, such as Nifty, Sensex, FinNifty, BankNifty, etc.
• Trade from charts and manage positions from the charting window.
• Commodities futures and options (F&O) contracts on MCX, such as Crude Oil and Gold.
• Currency futures and options (F&O) on Dollar (USDINR), Euro (EURINR), Yen (JPYINR) and Pound (GBPINR).
• Option Chain with real-time option prices, Implied Volatility (IV), IV percentile, Open Interest (OI) and OI change.
• Day’s high-low bar on the Kite app- The High-Low bar shows you where the share is trading compared to the high and low of the day
• Take a break from using Kill Switch, which instantly disables trading if you are overtrading and stressed.
• Virtual contract note to get a breakdown of brokerage costs and taxes for the day.

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.

Kite is Zerodha’s trading platform, with many features that its competitors do not offer. Zerodha brings 100 new functions to the market with every new Kite platform version. Here are a few key new features from Zerodha that make Kite a unique trading experience. 

1. Dashboard, Market Watches Streaming Quotes, Browser Notifications Market Depth View with Streaming Updates
2. Floating Order Window, Exit multiple orders/positions in one click, Multiple chart view (4 charts on the same screen).
3. Order Types: Brackets Orders, Cover orders, GTT Orders, After Market Orders.
4. Apply Mainboard and SME IPO Using BHIM UPI.
5. Universal instrument search: (search more than 90,000 stocks and F&O contracts) Level 3 data: Includes exclusive access to level 3 data, or 20 market depth
6. Advanced charting: Includes hundreds of indicators, studies, and tools on a customisable charting interface
7. Multilingual trading (trade in 11 regional languages).
8. Quick Order WIndow on Kite- Buy and sell securities in just two clicks. Simply enter the amount you want to invest or the number of shares you want to buy.
9. Invest in National Pension Scheme (NPS), Government Securities and SIPs
10. Gift Nifty on Kite-Track the Gift Nifty on Kite by searching for it. It is a futures contract based on the Nifty 50 index and trades for 20 hours on the NSE International Exchange.
11. Zerodha Minor Account Opening-Zerodha now offers free online minor account opening, allowing parents to easily invest in stocks, mutual funds, and bonds for their kids' future.

• 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.

• 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)

• 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.

• 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.