Indira Securities Commodity Trading 2024

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Indira Commodities Pvt Ltd (ICPL), a venture of Indira Group is an authorized trading member of MCX and NCDEX to facilitate customers to start commodity trading with Indira Securities. ICPL offers clients a golden opportunity to start online trading in the commodity market. To trade-in commodities, you must open a commodity trading account with Indira Securities which is available at zero account opening charges.

Here, the page provides you a quick update on Indira Securities Commodity Trading, brokerage charges, margins, and others.

Indira Securities Commodity Trading

• The broker allows trading in different types of commodities including but not restricted to gold, silver, zinc, crude oil, natural gas, and energy commodities. Recently, on 26^th May 2020, the broker also started trading in Agri commodities (AGRIDEX).

Indira Securities Commodity Trading Account Opening Process

There’re two ways including both the online as well as offline to open a commodity trading account with Indira Securities, each of them are presented below;

• Online Account Opening Process

  To open a commodity trading account online, the procedure is the same as of online account opening but make sure you’ve selected the commodity segment as well for trading. Follow this process to open an online commodity account with IndiraTrade;

  • Go to the broker’s website.
  • Sign-up by providing your name, mobile number, and E-mail address that you want to register.
  • Enter personal information such as name, PAN number, date of birth, residential status, etc.
  • Add bank details i.e. account number, IFSC code, type of account, etc.
  • Select the segment, you would like to trade-in.
  • Upload required documents i.e. residential proof, income proof, ID proof, etc.
  • Once everything is done well, then your account will be opened.

  Offline Account Opening Process

  There’re several possibilities that customers might be less comfortable with the online process henceforth, they may prefer opening account offline. To open a commodity trading account offline, clients can visit any of the nearest branch of the Indira Securities branches, let the team know your account opening requirements, and the representative will help you throughout to open an offline commodity account. Under this process, you have to fill physical account opening forms and submit them to the broker. After the submission of the documents, it will go under the verification process and if everything is appropriate, then the commodity trading account will be opened.

Indira Securities Commodity Account Opening Charges

• The broker provides doesn’t charge any commodity trading account opening charges. In other words, you can open a free commodity trading account with IndiraTrade.

Indira Securities Commodity Trading Brokerage

At IndiraTrade, the broker provides flexible brokerage plans wherein both the traditional % based brokerage as well as currently popular discount based plans are being available. The commodity trading brokerages under both of these plans are discussed below:

• Traditional Plan - Percentage based brokerage: This plan was much popular in the earlier period where traders have to pay a fixed percentage brokerage of their trading volume. It means that a person with a higher volume of trade is charged with a higher brokerage or vice-versa. Under this plan, Indira Securities charges 1 paisa means 0.01% brokerage on trading in commodity futures and options.
• Discount Brokerage Plan: This is another plan wherein a fixed fee is charged, which means whether the trading volume is high or low, it doesn’t matter as every client has to pay a fixed brokerage. Indira Securities, under its discount brokerage plan, charges a flat fee of Rs. 20 per executed order on commodity trading.

Indira Securities Commodity Trading Margin

• The broker offers margin trading facilities to all customers. On commodity trading on MCX, Indira Securities provides up to 4X margin. The margin trading facility allows customers to borrow the required sum from the broker up to a specified extent, thus, clients don’t need to pay the full amount required to buy a commodity.

Indira Securities Commodity Trading Platforms

• All of the trading platforms including web trading, mobile application and trading terminal offered by the broker are available for the commodity trading, pointed below;

• Indira TradeInsta: The mobile app is an all-in-one mobile application that mitigates all trading and investment requirements of people. It is one of the best trading and analytical app that anyone can use to trade-in commodities.
• Indira Trader Terminal: ODIN software is the trading terminal by IndiraTrade that can be downloaded on your desktop or laptop.
• Indira Investor Terminal: It is the online or web-based trading platform that facilitates trading and investment in equity, commodity, currency, IPO, and others.

Indira Securities Commodity Call & Trade

• Indira Securities facilitates free call & trade thus, commodity traders can avail such facility by calling the broker’s commodity customer service desk and let them know your trade requirements, and accordingly, the team will place commodity buy or sell orders.

Indira Securities Commodity Trading Customer Care

The full-service brokerage house has a separate customer service desk for every product & service offered i.e. equity, commodity, currency, depository, MF & IPO, etc. If you have any difficulty while trading in commodities with Indira Securities, then you can immediately connect with the IndiraTrade commodity customer care team to resolve the issue.

• Indira Securities commodity customer care number: +91-0731-4797224
• Indira Securities customer care e-mail: [email protected]