Zerodha Commodity Trading 2022

No, you cannot transfer funds from the equity trading account to Zerodha commodity trading account. If you want to transfer funds to a commodity account, then you have to withdraw funds from your equity account and then add it to your commodity account.

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If you no more trade-in commodities then you can close the Zerodha Commodity Trading Account without even closing the Demat and equity trading account. To close your account online, your aadhaar card must be linked with the mobile number.

Steps to close Zerodha Commodity Account online:

• Head to the broker’s website and get the Zerodha Account Closure form.
• Tick the checkbox respective to the Zerodha Commodity Account and close the account option.
• Enter details like name, client ID, and reason to close the Zerodha MCX account.
• Login to digio and upload the closure form.
• Click on e-sign, enter VID (aadhaar number), and the OTP sent to your registered mobile number.
• Once OTP is entered correctly, the closure form will be digitally signed.
• Now, raise a ticket at Zerodha support by attaching the duly filled and signed closure form.
• Zerodha commodity account closure request will be processed within 5-7 working days.

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If you enable the MCX segment online on the Console then the commodity account in Zerodha will be activated within 48 hours. However, offline MCX segment activation requires sending a duly filled commodity form along with an income proof to the Zerodha Bangalore office, therefore, may take some time in details verification.

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Yes, Zerodha discount broking firm is an MCX and NCDEX member to offer commodity trading services. The broker allows online trading in various commodities like precious metals (gold, silver, etc.), base metal (copper, zinc, etc.), energy (crude oil, etc.), and others.

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If you are a new customer and looking to start commodity trading at the cheapest brokerage then you can open a commodity account in Zerodha.

Steps to open Zerodha Commodity Trading Account Online:

1. Visit Zerodha's official website.
2. Click on the “Sign up Now” and enter the mobile number, e-mail, and the OTP to sign-in.
3. Provide PAN number and date of birth.
4. Pay the account opening fee. Make sure to select the commodity option as well.
5. Enter aadhaar number, personal information, and bank details.
6. Complete Zerodha IPV process.
7. Upload bank proof, PAN card, aadhar card, signature, and income proof.
8. Complete e-sign with aadhar.
9. Once details are verified, the equity + commodity + Demat account will be activated.

Note: Zerodha charges Rs. 100 to open an online commodity account while the offline account opening fee is Rs. 200.

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To trade in commodities, you have to maintain the required balance in your commodity trading account as you cannot use the equity trading account funds for commodity trading. Zerodha allows free fund transfer through UPI.

Steps to add funds to Zerodha Commodity Account with UPI:

1. Log in with the Zerodha Kite web or mobile app.
2. On the top menu bar, go to the “Funds” tab and click on the “Add Funds” option.
3. Enter the amount, UPI ID, and under the “segment”, make sure to select the “MCX” segment.
4. Press the “Continue” button and accept the fund transfer request on your UPI app.
5. Once the payment request is accepted, the amount will be transferred to the Zerodha commodity account.

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If you already have an equity trading + Demat account with Zerodha then you only need to activate or enable the commodity trading segment to start MCX trading. To activate the MCX segment online, your aadhar card must be linked with your registered mobile number.

Steps to activate Zerodha commodity trading account online:

• Log in with the Kite.
• Go to the Zerodha Console.
• On the Dashboard, under the “Commodity”, click on the “Activate segment” option.
• Enter gross income, trading experience, and upload income proof.
• Provide aadhar number and verify with OTP to complete the e-sign process.
• Once clicked, the MCX segment will be activated.

Steps to activate commodity segment in Zerodha offline:

• Download the Zerodha Commodity Account form from the website.
• Fill in the details and sign the form.
• Attach an income proof to trade in the commodity derivative segment.
• Courier the duly filled form with income proof to Zerodha head office.

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Yes, Zerodha offers commodity trading services to its clients. To trade on MCX, you must have an activated Zerodha commodity trading account. The broker offers the lowest brokerage commodity trading of Rs. 20 or 0.03% whichever is lower.

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If you have opened a Zerodha commodity account then you can start online trading on MCX through the Zerodha Kite web or mobile app.

Steps to start commodity (MCX) trading in Zerodha Kite:

• Login with the Zerodha commodity account.
• Add the particular commodity derivative contract, you want to trade-in to the watchlist.
• Use the Zerodha margin calculator to calculate the margin required.
• Tap on the “Buy” (If you want to buy commodity) or “Sell” (If you want to sell commodity).
• Select order type i.e. MIS or NRML and enter quantity and price.
• Press the “Buy” or “Sell” option to place the commodity trading order on Kite.

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Commodity trading is all about trading means buying and selling of different types of commodities i.e. gold, silver, fuel, metals, and agriculture commodities like cotton, wheat, rice, etc. Zerodha discount broking firm is registered with Multi Commodity Exchange of India (MCX) to offer commodity trading services to its clientele base at flat brokerage of Rs. 20 per executed order.

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One who has opened a Zerodha commodity account can start trading in commodity futures & options on Zerodha Kite (Web and Mobile App) platform. Here are the steps to start commodity trading in Zerodha Kite:

1. Login to the Zerodha commodity account on the Kite.
2. Go to the watchlist, search for the commodity you want to trade in, and add it to the watchlist.
3. Press on the “Buy” or “Sell” option, as per your trading requirements.
4. Select the right order type (NRML and MIS) and enter price and quantity.
5. Recheck all the details entered and confirm the “Buy” or “Sell” order.

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Yes, Zerodha discount broker facilitates its customers to trade in MCX derivative segment on the Kite web as well as Kite Mobile App. The Kite app facilitates commodity trading at their fingertips anytime anywhere. The mobile app is downloadable on android as well as iOS devices from the Google play store and the App Store.

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