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Zerodha Trade@20
Zerodha is a trading member of MCX and NCDEX to offer an online commodity trading facility to its clients. To start trading on MCX, you have to open a Zerodha Commodity Trading Account that allows users to buy and sell different types of commodities. The discount broker charges flat Rs. 20 per order brokerage or 0.03% whichever is lower on commodity trading. Zerodha Kite commodity trading app and the web is the platform for MCX trading. The broker also provides a margin facility on commodity trading in Zerodha. Let’s get the complete Zerodha Commodity Trading Review including brokerage charges, commodity trading platform, margins, orders, and more.
You can trade-in commodities with Zerodha by opening a commodity trading account. If you have an activated commodity account, then you can trade-in the following types of commodity futures & options contracts on MCX.
S. No. | Particulars | Fee |
1. | Zerodha Commodity Trading Account opening fee [Online] | Rs. 100 |
2. | Zerodha Commodity Trading Account opening fee [Offline] | Rs. 200 |
3. | Zerodha Commodity Account Maintenance Charges | Nil |
A commodity account in Zerodha can be opened online or offline as per your choice and start online trading on MCX.
Zerodha charges a maximum of Rs. 20 per executed order brokerage on commodity futures & options trading.
S. No. | Particulars | Brokerage |
1. | Commodity Futures trading brokerage | Rs. 20/executed order or 0.03%, whichever is lower |
2. | Commodity Options trading brokerage | Rs. 20/executed order or 0.03%, whichever is lower |
S. No. | Particulars | MCX margin |
1. | Zerodha commodity intraday margin [MIS] | 2X or 50% of NRML margins |
2. | Zerodha commodity cover order margin | 3.33X (30% of NRML margins) |
To start commodity trading on MCX, existing Zerodha clients just have to enable the commodity segment that can be done online or offline.
The commodity account opening form is available on the broker’s website. Steps to download Zerodha commodity form:
Download Zerodha Commodity Form
Zerodha Kite is the platform for online trading in commodities that is available in web and mobile versions. Zerodha Kite app (Android and iOS) is a commodity trading app that allows commodity trading at your fingertips.
Users don’t need separate login credentials to access commodity account. You can use the same Zerodha Kite login credentials i.e. user ID and password to login to the Zerodha commodity account for trading on MCX. The account can be logged in either on the Kite web platform or Kite mobile app on android and iOS devices.
Pros | Cons |
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Helpline no. | |
Zerodha Commodity Helpline number [New A/c opening] | 080 4719 2020/ 080 7117 5337 |
Zerodha commodity customer support number | 080 4718 1888/ 080 4718 1999 |
Zerodha commodity call & trade | 080 4718 1888 |
No, it is not possible to transfer the funds internally from your equity trading account to your commodity trading account. The reason for that is that Zerodha is registered as two different companies for two different segments.
For equity, the company name is Zerodha Broking Limited, and for commodity, the registered company is Zerodha commodities Private limited.
To transfer the funds from equity to commodity or vice versa, you have to withdraw first to your bank account and then transfer the funds back to your chosen segment.
Yes, you can close your commodity account without even closing your Demat and Trading account.
Zerodha doesn’t charge you an account maintenance charge for maintaining the commodity and trading account, it only takes the AMC for using the Demat account. So you can disable the commodity segment by using the kill switch(from console), if you want to trade no further.
To close the commodity account online follow the step mentioned below.
The account closure will be processed within 5-7 working days.
Once the commodity segment activation request is placed from the console, it will take the next 48 working hours for the segment to be activated.
You can also send the commodity trading form offline and it will be activated within 48 working hours after the application form reaches the Zerodha head office.
Yes, you can trade in metals, oil, and Agri commodities on the MCX exchange through Kite-Zerodha. You can trade in all the commodity derivatives (i.e futures and options). You have to separately add funds to your commodity account to trade in it.
Zerodha doesn’t charge you an annual maintenance charge (AMC) for maintaining the commodity account. Trading in NCDEX exchange contracts is not possible in Zerodha, as recently Zerodha returned its NCDEX membership license because of illiquidity in NCDEX contracts, as illiquid scrip increases the risk for the trader as well as broker.
If you are a new customer and looking to start commodity trading at the cheapest brokerage then you can open a commodity account in Zerodha.
Steps to open Zerodha Commodity Trading Account Online:
Note: Zerodha charges Rs. 100 to open an online commodity account while the offline account opening fee is Rs. 200.
You have to maintain a separate fund balance in your commodity account. The equity fund balance can’t be used for your commodity trading.
You can add the funds using UPI. The UPI fund transfer is completely free and it is not chargeable in Zerodha. The fund needs to be transferred from your registered bank account with Zerodha. To do the same you have to follow the following steps.
Then the fund will instantly reflect in your commodity account, “payin” section.
Yes, you can trade in the commodities via KITE. You can trade in all MCX-listed commodities (Metal, Bullion, Agro Commodities, and Energy).
The brokerage charge for commodity options/futures is 0.03% or 20 Rs whichever is lower.
To trade in commodities, you need to have your commodity account activated in Zerodha. You can activate your commodity segment from the console>Accounts if you have already opened an equity account.
In case the commodity account is already opened, you can start trading by searching the respective commodities in the KITE watchlist.
You can trade in commodities such as metals, oil, and Agri commodities on the MCX exchange through Kite-Zerodha. You can trade in all the commodity derivatives (i.e futures and options). You have to separately add funds to your commodity account to trade in it.
Zerodha doesn’t charge you an annual maintenance charge (AMC) for maintaining the commodity account. Trading in NCDEX exchange contracts is not possible in Zerodha, as recently Zerodha returned its NCDEX membership license because of illiquidity in NCDEX contracts, as illiquid scrip increases the risk for the trader as well as broker.
You have to activate the commodity account if not opened at the time of Account opening to start trading in commodity. Zerodha Commodity trading account can be opened online, by placing a segment activation request from the console. Follow the below-mentioned steps to do so.
Yes, you can do commodity trading in Zerodha on the kite mobile app. You have to go to the watchlist and search for commodities you want to trade. The MCX contracts are available in derivatives such as futures and options.
Last Updated on 2024-03-28