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ICICI direct allows traders to trade commodities. Once you enable commodity trading in ICICI direct, you can trade commodities such as: Gold, Energy, Metals, etc. ICICI direct's mobile app and web-based trading platforms provide its users with commodity trading facility for a flat brokerage fee of just Rs 20 per order. ICICI direct provides reports and research based stock recommendations to its users so that they can easily trade in commodity segment and other segments.
ICICI direct charges a flat brokerage fee of Rs 20 for trading in commodities. In addition, GST, CTT (Commodity Transaction Tax), SEBI sales tax, transaction charges and stamp duty are levied through the brokerage. After paying all these brokerage and taxes, traders can successfully place their orders.
At ICICI direct, there is no need to open a separate account for commodity trading. If you have an ICICI direct 2-in-1 or 3-in-1 account, you can start commodity trading by activating the commodity trading section. If you do not have an ICICI direct account, you can open an account either through the ICICI direct online platforms or at an ICICI branch.
The activation process for commodity trading at ICICI direct is very simple. You just need to follow the given procedure to activate commodity trading:
Commodity Trading Process in ICICI DirectCommodity trading through icicidirect is quite simple. First you need to activate your commodity trading option and then follow the steps below to start trading in the commodity market :-
Learn commodity trading more easily with this demo video provided by the ICICI direct
To make trading easy and understandable, ICICI direct has introduced a state-of-the-art trading platform for its clients.
Yes, ICICI direct offers trading in commodities in both futures and options segments.
ICICI direct charges a brokerage of Rs 20 per order for a commodity option. Apart from this brokerage fee, government taxes are also levied on the brokerage fee which are listed below:
Commodity margin is a minimum amount required to trade or invest in the commodity market. It can be considered as a security that enables a trader to trade in commodities.
Timing of commodity trading at ICICI direct is defined as MCX trading hours from Monday to Friday between 9:00 am and 11:30 pm.
If you want to activate a commodity account with ICICI direct, you should fulfil the following requirements:
Once your details are verified by MCX, the commodity trading activation process is complete.
Last Updated on 2023-09-14