When you opt Upstox as your discount broker, then Upstox offers you a number of commodities to trade-in. After opening a online commodity account with Upstox, you are allowed to trade in commodities such as gold, silver, crude oil, copper etc. Upstox commodity account opening charges are Rs. 150 for MCX. There are Rs. 0 maintenance charges annually for the commodity account.
Upstox commodity account is a rightful commodity trading account for the rational investors who want to pay less brokerage to the commodity brokers. The scope of the Upstox is immensely wide and offers trading on various segments namely equities, commodities, and currency etc. These plethora of segments are prudently managed via Upstox app, i.e., Upstox Pro Web and Upstox Pro Mobile trading platforms.
Upstox offers commodity futures and options for the trading to its investors. Below mentioned are the Upstox commodity charges to be paid by investors if they want to trade in the commodity segment:
There are two ways via which you can open Upstox Commodity Account. Below are mentioned both of the processes:
Upstox serves its customers very well. You can interact with Upstox support through below-mentioned information:
There are a number of Upstox order types in which you can invest and earn the profits. Other than normal order types, Upstox offers Cover order for the commodity segment. Bracket Orders are not available with Upstox for Commodity.
Upstox offers the following margin for Commodity Products:
Below mentioned are the advantages for Upstox Commodity Account:
Below mentioned are the disadvantages of Upstox Trading Account:
Upstox has a dedicated commodity trading platform named as Upstox Pro App. Investors can download the application on their mobile and track their investments. Although, we are considering commodities trading (MCX) right now, but you can also track your trade picks on multiple exchanges (BSE, NSE, NFO, NCD, and BCD). You can enter lots of sizes of the commodities effortlessly; track the market trends in real-time, and manage your commodity picks.
Quick Fact: Upstox Pro App has more than 10 Lakh+ downloads from the Android & iOS play stores.
With the turnover of over Rs. 1 lakh crore on Daily national exchange, 10 lakh+ downloads and the robust client base of more than 7 Lakh, Upstox is surely a superlative discount broker in India. Prominent businessmen, such as Ratan Tata, have infused their capital in this project to propagate commodity trading in India. You don’t have to maintain any minimum balance, smart transfer of the funds is there. Facilities like these will attract more number of users towards it.
No, there aren’t any hidden charges in opening the Upstox commodity account. However, the Upstox commodity account opening charges are Rs. 150 for MCX.
While performing commodity trading with Upstox, you can have the following benefits:
Following the below steps, you can easily withdraw funds from your Upstox commodity account:
Last Updated on 2020-09-17