Upstox Commodity Trading 2024

No, there are no hidden charges in opening a Upstox commodity account. You must pay an account opening charge of 200 Rs inclusive of all taxes. The brokerage charge for trading MCX futures is 0.05% or 20 Rs, whichever is lower per executed order. For MCX options, the brokerage charge is Flat Rs 20 per executed order.

While performing commodity trading with Upstox, you can have the following benefits:

1. Monitor market trends: Upstox offers more than 100 indicators for you to decide whether you want to enter or exit the commodity market.
2. Make fast and precise decisions: Learn about the highs and lows of the MCX market in real-time via study charts and take prudent decisions.
3. Trade from anywhere: Upstox applications are available for web & mobile platforms; you can invest in crude oil, gold, silver & other commodities via applications.
4. Profits Management: Easily track & manage your earnings from the commodities trading in your dashboard.

You can withdraw funds directly from the Upstox commodity account through the Upstox Pro app. Here is the process to withdraw funds from the Upstox account;

1. Log in to the Zerodha Account.
2. Tab on the “balance” section and here, click on the “Commodities” account.
3. Now, click on the “withdraw funds” screen and enter the amount you want to withdraw.
4. Submit the request and the funds will be credited to your primary registered bank account within 24 hours.

You can add funds to your Upstox account via your App and Web platform. To add the funds to your commodity account, follow the below steps.

• Visit upstox.com
• Click on “Funds.”
• You can tap on “Commodities” from the left column.
• Click “Deposit funds.”
• Enter the “Amount to deposit.”
• Select the payment method(UPI/Net banking/ NEFT/IMPS/RTGS)

Through UPI, funds will reflect instantly. However, it will take through 1-10mins for net banking, 30Mins for IMPS, and 3-4 working hours for NEFT/RTGS transfers, respectively.

You can add money instantly in real-time to the Upstox Commodity Trading Account using UPI. Here is the complete process to add funds to the commodity account in Upstox;

1. Log in to the Upstox account.
2. Tap on the “Balance” section and click on the “Commodities” tab.
3. Click on the “Add Funds” option and then select “UPI” as a payment mode.
4. Enter an amount that you want to add and provide UPI ID or virtual ID.
5. Open UPI App and accept the fund transfer request.
6. Upon successful payment, funds will be credited instantly to the Upstox Commodity Account.

The brokerage charges of UPSTOX are lesser than most brokers in the industry. For Futures trading in commodities the brokerage, the charge is Rs. 20 per executed order or 0.05% (whichever is lower). For trading in commodity Options, the brokerage charges are Flat at Rs. 20 per executed order.