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Open Instant and Online account with IIFL Securities in 15 mins.IIFL Securities, one of the renowned name in the Indian brokerage industry is a registered MCX and NCDEX brokerage to offer online commodity trading services to its clients. To start commodity trading on MCX, one has to open an IIFL commodity trading account. The account facilitates users to trade across different types of commodities such as metal, energy, and agriculture commodities. IIFL commodity brokerage charges vary across its different brokerage plans such as Flat Brokerage Plan, Variable Brokerage Plan, and Advanced Brokerage Plan. If you want to start commodity trading with IIFL Securities then scroll down the page further to get the complete information on how to open IIFL commodity trading account, IIFL commodity brokerage, commodity trading margin, IIFL commodity trading software, and more.
IIFL Commodity Trading Account can be opened either online or offline. Opening IIFL Commodity Trading Account online is an instant and hassle-free process as users don’t have to go anywhere and complete all the account opening formalities online.
To open a commodity account offline, you have to get the IIFL Commodity Trading Account Opening Form from the website, fill the information, attach documents, and submit it to the broker. If all the details and documents are found appropriate and verified then your commodity account will be opened.
The broker charges a one-time account opening fee of Rs. 500 on IIFL Commodity Trading A/c. Thus, if you want to start online trading in commodities then you have to pay an account opening charge of Rs. 500.
IIFL has a number of brokerage plans that charges different brokerage charges on commodity trading. Here are the details;
S. No. | Particulars | Brokerage charges |
---|---|---|
1. | IIFL Investor Plan (Online Plus) | |
(i) | Commodity futures | 0.025% or 2.5 paisa |
(ii) | Commodity options | Rs. 10 - Rs.125 per lot |
2. | IIFL Premium Plan (Dedicated RM) | |
(i) | Commodity futures | 0.05% or 5 paisa |
(ii) | Commodity Options | Rs. 15 - Rs.150 per lot |
3. | IIFL Super Trader Plan (Pro Traders) | |
(i) | Commodity futures | 0.015% or 1.5 paisa |
(ii) | Commodity Options | Rs. 5 - Rs.80 per lot |
Commodity trading is done through futures & options contracts that require margin. It is the minimum balance that a commodity trader must have in his IIFL commodity trading account to trade-in commodity futures & options. IIFL offers up to 3x margin for trading in the commodity futures segment.
All IIFL trading platforms whether IIFL mobile app, IIFL desktop trading software and IIFL web trading platform are available for commodity trading.
IIFL in-house research team provides regular commodity market reports to keep users updated with the commodity market happenings.
If you face any issue with IIFL commodity trading then you can get-in-touch with the IIFL commodity customer care team.
S. No. | Particulars | IIFL Commodity customer support |
---|---|---|
1. | IIFL Commodity Customer Care Number | 18602673000 |
2. | IIFL Commodity Customer Care E-mail | [email protected] |
You can also get 24*7 voice message services even after office hours or visit any of the IIFL branches to resolve your commodity trading query offline.
The commodity trading account by IIFL allows commodity trader to trade-in below products;
Yes, one can open IIFL Securities Commodity Trading account online. The online process is speedy and saves users time. Here is the process to open IIFL Commodity A/c online;
Yes, IIFL offers both the online as well as offline commodity account opening service. Here is the step-by-step process to open IIFL commodity trading account offline;
IIFL Commodity Trading Account Opening Form
Yes, IIFL Securities being a full-service broker has an in-house research team that offers free commodity research and commodity trading tips to its customers.
If you have only opened IIFL equity account and not opened a commodity trading account. Then you have an option to activate the commodity trading segment too through the below process;
Steps to activate IIFL Commodity Trading
Once the broker receives the form and verifies it, later the commodity trading segment will be activated.
IIFL Commodity Trading Segment Activation Form
Last Updated on 2023-09-14