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Angel One Commodity Trading 2022

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Angel One Commodity Trading

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Angel One, being a registered trading member of commodity exchanges – Multi Commodity Exchange (MCX) and National Commodity and Derivative Exchange (NCDEX) allows trading in commodity segment. To trade-in commodities with Angel One, the broker mandates investors to open a Commodity Trading Account.Notably, the brokerage house only facilitates residents and not NRIs to trade-in commodity market. Prior to opening a commodity account, you must be familiar about the commodity trading process. There are mainly two derivative products - futures & options to start trading in commodities. The former gives the right to buy or sell a specific amount of commodity at a predetermined future date whereas options gives the right but not the obligation to buy or sell a specified commodity at a future date. At Angel One, you can also access regular market updates on commodity market and commodity research reports to trade successfully.

Angel One Commodity Trading Types

The full service broker offers trading in various kinds of commodities that are listed below:

  • Precious metals i.e. Gold, silver, etc.
  • Metals and minerals: Copper, Zinc, Nickel, Aluminum, etc.
  • Energy: Crude oil, natural gas, etc.
  • Agricultural products: Wheat, Soya bean, Soya oil, Turmeric, Chana, etc.

Angel One Commodity Trading Account Benefits

The first question is that why to choose Angel One to trade-in commodities segment, then its justification is provided below:

  • Internationally recognized and award-wining broker.
  • Highest exposure as it offers upto 40 times leverage.
  • Hassle-free online account opening process.
  • Commodity trading at a flat brokerage of just Rs. 20 per order.
  • No additional commodity trading account opening charges
  • Free access to trading platforms; Angel One App, Angel One Trade, and Angel SpeedPro.
  • Access commodity research reports by Angel One.
  • Dedicated relationship manager and dealers.
  • Strong brand equity and geographical presence.

Angel One Commodity Trading Account Opening Process

As mentioned earlier, that commodity trading with Angel One in products such as precious metals, minerals, agriculture, etc. requires a Commodity Trading Account.

    Online commodity trading account opening process

    To open a commodity trading account online with Angel One, same steps while opening a trading account requires to be followed with an only key point that is you’ve to select the commodity trading segment as well.

    • Fill an online account opening form providing all your details.
    • Upload necessary documents including PAN card, Aadhaar number, passport, voter ID, and income proof as well.
    • Submit a member-client agreement.
    • If all the details found appropriate, then the account will be opened same day and log in credentials will be sent on your registered email address.

    If you are an existing customer and already have a demat and trading account with the broker, then you just need to activate the commodity trading segment to start online trading in commodities. It requires several steps to be followed, provided below:

    • Visit the broker’s website.
    • Download the Segment Activation Request Form available on the website.
    • Fill the form by entering details such as your name, client code, and sign the relevant segment that you wish to trade in whether cash, F&O, commodity or currency. To trade-in commodities, sign the MCX and NCDEX commodity segment boxes.
    • Submit the duly filled segment activation form to the broker along with the required document.

    Offline commodity trading account opening process

    Angel One has a widespread geographical presence through branches, sub brokers and PAN India presence across 900+ cities all over the country from where the broker serves offline services to their customers. To open a commodity trading account offline, you can visit the nearest branch, fill necessary physical forms, sign it and submit it by attaching required documents. The team will verify the documents and details provided in the form and if everything seems perfect, then the account will be opened.

Angel One Commodity Segment Activation Form

    The full-service broker provides the segment activation request form online on its website in the pdf form. To download it, users can visit its official website and under the “Important documents”, all the forms are available. To get the form, you have to provide your name and e-mail, and then, the broker will send the requested form on your respective mail address.

    Download Angel One Segment Activation Form

Angel One Commodity Trading Account Opening Charges

    The broker necessitates clients who wish to trade in commodities to open a Commodity Trading Account with Angel One. However, there are no additional charges on the same, as clients just have to open a 2-in-1 account; demat and trading account and activate commodity segment to trade on MCX.

Angel One Commodity Trading Documents

To trade in commodity derivative segment, along with the other documents, the broker also demands an income proof and therefore, client has to provide any of the below documents as a financial proof along with the segment activation request form.

  • Latest 6 months bank statement.
  • Latest salary slip.
  • Copy of last income tax return.
  • Copy of latest form 16.
  • Net worth certificate.
  • Demat account holding statement with holding value above Rs. 5,000.

Angel One Commodity Trading Brokerage

    Angel One has a discount brokerage plan, called “Angel iTrade Prime”, that charges a fixed brokerage fee to trade across different segments. As per the plan, trading in commodity segments on MCX is charged at a flat fee of Rs. 20 per executed order.All customers are levied with a fixed brokerage charges regardless the volume of trading. Thus, there is no percentage based brokerage plan exist, under which, brokerage increases with the trading volume or vice-versa.

Angel One Commodity Trading Platforms

    All trading platforms including online trading website, mobile trading application, and application based software allows commodity trading services.

  • Angel One App: The downloadable mobile application on Android and iOS allows users to trade-in commodities on fingertips anytime anywhere.
  • Angel One Trade: It is the browser-based platform wherein customers can access their trading account online on any supported browser i.e. chrome, internet explorer, etc. After login, they can start online commodity trading on MCX.
  • Angel SpeedPro: The application based trading terminal can be installed on desktop or laptop from the official website of the broker. It is particularly useful for high-level traders, the software allows trading across all segments i.e. equity, derivatives, commodities, currencies, etc.

Angel One Commodity Call & Trade

    The broker facilitates customers to call the customer service desk and let them know your trading requirement, as per your order, the representative will place buy and sell order on your behalf. It is noteworthy that call & trade services at Angel One is not free and charged at Rs. 20 per order.

Angel One Commodity Customer Care

    If you find any sort of difficulty while trading in commodities, then you can connect with the broker through the following ways:

    S. No. Angel One helpline desk Number
    1. Angel One customer care number 022-33551111/022-42185454
    2. Angel One customer care Email [email protected]

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Last Updated on 2022-06-15