Safer way to trade in options

Try Ready-made Option Strategy


2X leverage on 200+ stocks

Try Margin Trading Facility

Online Trading Platforms in India - Things to look for

Blog | imported-posts

When evaluating which broker to trade with, it is important to give high consideration to the choice of trading platforms offered by the broker. A trading platform is your window to the markets - and it's speed, reliability, availability, and feature set are all critical factors to consider.

Retail trading platforms have evolved considerably over the past dozen years. Today's advanced trading platforms offer a plethora of tools and services, real-time indicators and analytics, and are generally available across a range of desktop and mobile platforms. The better ones are designed to allow you to trade and manage your portfolio from anywhere. Better yet, most of these advanced options are usually cheap if not free!


In today's fast moving markets, high throughput and low latency is of essence. When market making news hit the newswires, prices move within milliseconds. Your broker's platform offering has to be able to keep up with the speed requirements even during peak loads. Ask your broker how they connect to the exchanges, whether they are co-located at a Tier3 or Tier4 datacenter, and whether they have a choice of internet service provider (ISP)'s to choose from so that you get the best possible internet connectivity. Some trading platform technologies are faster at processing data than others, and the more recently developed ones will usually be faster than the older ones. Before finalizing on a broker, it is important that you actually login and test the speed of the platform. Although we like to think of the internet as being ubiquitous and democratic, the sad truth is that some connections are better than others due to factors outside of your control. It is best to actual login and test out connectivity at various points of the day to ensure there are no surprises later.


This point is critical. There is nothing worst than realizing your broker's systems are down or unavailable right when you wish to place your trade! Imagine being in a profit making position when some critical news hits in your favor. You wish to close out your position, but due to increased system and infrastructure load,  you get an error message saying "System unavailable for trading" upon login. By the time you are actually able to login, it could be that your profit making position turns into a loss! Such problems occur when a broker's IT department does inadequate infrastructure load planning and have inadequate backup and redundancy systems in place. A broker's network and server infrastructure is very demanding, and many broker's simply do not budget and account for peak loads. Since it's often times difficult to obtain the details of a broker's server and network infrastructure, it is best to ask around and/or test yourself are various times of the day. You should also directly ask your broker whether they have redundant systems in place. Do they have backup servers and network infrastructure in dual primary mode in case of hardware failure? In case of line failure, in how long can you expect service to be back up online? Are there offline options to place trades if the infrastructure were to go down? (Call & Trade for example). It is important to consider all these points rather than learning the hard way during a time of crisis.


The internet is so ubiquitous and integrated into our lives that we are used to always-on, always-available. This should be no different with your trading platform. Todays' modern trading platforms come in a variety of offerings. A good broker should have all necessary variants to suit your unique trading needs:


The world's leading operating system. There is a high probability your broker will have a Windows variant of their trading platform. It needs to come in the version of Windows you use (XP, Windows7, Windows8). Make sure that the install is not too "thick" (resource intensive), and that the build is not buggy!


Apple's desktop operating system. Although it is relatively less popular than Windows (especially in India), if you use Apple, it is important that your broker offers a variant of OS X for your trading needs. Make sure your broker's platform is compatible with your version of OS X (Leopard, Snow Leopard, Lion, Mountain Lion), and that they continually update it with the same frequency as their Windows offerings.


India's leading smartphone platform. If you are a savvy mobile user, there is a very good chance your smartphone runs Android. If so, mobile trading is probably something you are into. Make sure your broker's Android OS offering is smart and snappy - it should do the basics really well: order placing (limit, market, stop), portfolio management (order book, position book), basic research and even basic charting. The platform should work on a 2G or 3G connection and should not require incessant re-logins which could ruin a good trading opportunity.


Ready-made Option Strategies

The safer way to trade in options



Like the Android above, but with the Apple iOS variant in case you are an Apple iPhone/iPad user.

Feature Set

Trading Platforms come in all shapes and sizes. It is important to survey a trading platform’s features in detail and make sure it has what you need. Here are things that may be of interest and that you should look out for:

  • Charts: This is a must if you trade based on technicals. Make sure you have basic and advanced charts available, with a wide swathe of indicators at your disposal. Make sure the system supports multiple time frames.
  • Keyboard Shortcuts: if you come from the world of operator terminals (Neat and Bolt!), keyboard shortcuts will be a requirement. Make sure the shortcuts are fully customizable and that you can create your own if need be.
  • Customizable Interface: a default layout is usually not best layout for every trader’s needs. Ensure the interface is fully customizable so that the colors, panes, fonts, layouts are all editable to maximize your efficiency.
  • Positon/Order/TradeBook: make sure the basic windows are all as per your requirements and that there is no problem in accessing trade and position level information with ease. This is very important!


A trading platform needs to be thoughtfully considered prior to fully going live with a broker. At Upstox, we spend considerable efforts to ensure that our trading platform offerings are some of the best in the market. The best way to ensure a platform suits your needs is to try it out. So before you settle down with a potential broker, make sure you fire up their trading platform and give it a try!

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 200+ stocks


21 responses to “Online Trading Platforms in India - Things to look for

  1. Hi Ravi,

    What you say is true in theory..
    The real question is how to verify/test it in real life.
    Please post practical write-ups to be useful for the readers.
    Such theory is ALL over internet and in abundance with no room for anyother article.

    Regards, Raksha

    1. yes well said
      unlike foreign countries or even gateway to the globally accessible FOREX market, Metatrader platform, most indian solutions do not even offer demo trading for new willing clients

      one most important aspect that most investors in india are either in dark or have no clear clue about, is, that ALL indian markets rely on MARKET MAKERs [MM] as liquidity providers

      and if anyone has an idea about what that means, well, to put it simply, ALL indian markets are RIGGED, UNFAIR and INEFFICIENT

      BSE, NSE, MCX … each one of them are perfect KILLING FIELDs of small investors

      1. Dear Ranu,

        The retail side of the OTC Forex markets are actually nearly fully operated by market makers. A retail trader does not actually deal with interbank liquidity, but is rather executing against the broker itself. The broker is taking the other side of your trades and is acting as your counterparty. You can read about this in more detail at http://en.wikipedia.org/wiki/Foreign_exchange_market#Retail_foreign_exchange_traders. The broker has no stipulation that he has to offload your trade onto the interbank. A retail OTC Forex broker can essentially play against you, to his advantage.

        An exchange-traded product is a much safer avenue for investment for retail participants. Your counterparty is not the broker, but the exchange itself, who matches your trade against an actual buyer/seller. Even buying & selling currencies via an exchange-traded product (currency futures & options) is going to be a significantly safer avenue for the retail participant as compared to the wild wild west of OTC Forex.

      1. Hello,
        I want to trade fully automated via amibroker, does RKSV support automated trading.
        if yes, please tell me the procedure

        1. Hey Tharun,

          In India, “fully automated” trading is not allowed for retail clients by default. Everything has to be “1 click” — that is, you can have logic that generates a buy or sell signal but it requires a single confirmation click by the user before placing the trade.

          We do have a software tie-up with Amibroker that lets you program strategies + indicators on Amibroker. The buy and sell signals will pop up a window on Upstox Nest Trader. This makes it a semi-automated setup which is legal in India.

  2. hi

    most famous trading platform is AMIBROKER and MT5.But it is completely out of reach for small investor.

    Thanks And Regards

  3. Hi

    we are aware of a small fact that Upstox has a tie up with GDFl.can you tell us the charges for MS12 AMIbroker??

    1. Hi Piyush. Unfortunately, there are no Mac friendly platforms out in India yet. I am myself a fellow Mac user and use Parallels to run NEST. RKSV is currently working on releasing a Mac-friendly platform.

      Thank you.

    2. Dear ravi,
      I kept on asking by emailing that how my simple computer can cope up with high speed Upstox trading platform, i don’t understand how my computer will do high frequency trading. Do Upstox provides trading tips in NEST plan.

  4. Hi ,
    Sorry to say recent outrage at rksv have cost me 10k loss and when i followed up i havent got any response on that .So i think we should implement the things which we are writing in the above blog .

Leave a Reply

Your email address will not be published. Required fields are marked *