Commodity trading is subject to high risk, but at the same time, it can deliver high returns. Commodity traders must do prior research to figure out the best commodity broker. Do you trade in commodities? Or a prospective commodity trader, find the best commodity trading brokers in India based on the large customer base, the cheapest brokerage, best online commodity trading platform (desktop trading software or mobile app), and excellent customer support.
Commodity trading refers to buying and selling various types of commodities. MCX and NCDEX are the two popular commodity trading exchanges in India. Brokers who are registered members of the two exchanges can offer online trading in commodities like gold, silver, copper, zinc, crude oil, and agriculture or agro commodities. Commodity trading is possible in two ways;commodity futures trading and commodity options trading. Now, BSE and NSE also started offering commodity futures trading services.
One who wishes to start commodities trading in India must open a commodity trading account with a broker. Many discount and full-service brokers offer commodity trading services to customers. Discount brokers such as Zerodha, Upstox, and 5paisa charge flat Rs. 20 brokerage on MCX trading, whereas full-service brokers like Motilal Oswal, HDFC Securities, and Sharekhan charge a % based brokerage fee based on trade volume. Some full-service stock brokerage firms like ICICI Direct, and Kotak Securities levy a fixed flat brokerage fee of Rs. 20 per order on trading in commodity derivative segment.
If you want to trade in different commodities yourself, then discount brokers are the best option to enjoy low-cost trading benefits. However, if you are new to the commodity derivative market, then better to go with full-service brokers who offer commodity research & advisory services. Find below a list of the top or the best brokers for commodity trading in India considering critical factors such as brokerage, commodity trading platforms, active users base, and customer support channel. You must select the right broker based on your specified requirements.
Broker | Brokerage | Transaction charges | Review | Request Callback |
---|---|---|---|---|
Zerodha | Flat Fee Rs 20 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
Upstox | Flat Fee Rs 20 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
5paisa | Flat Fee Rs 20 | Rs 260 Per Cr | ![]() | Open Account ![]() |
Angel One | Flat Rs 20 or 0.25% whichever is lower | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | ![]() | Open Account ![]() |
Alice Blue | Flat Fee Rs 15 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
Zerodha Free Demat Account | ||||
Sharekhan | 0.1% or 10 paisa | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | ![]() | Open Account ![]() |
Motilal Oswal | Futures: 0.02%| Options: Rs 200 Per Lot | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | ![]() | Open Account |
Pros/Advantages | Cons/Disadvantages |
---|---|
|
|
Zerodha is the best broker for commodity trading with Rs. 20 flat brokerages charged on commodity F&O trading. The broker offers superfast and easy-to-use Kite web and mobile app-based online commodity trading platforms. Upstox and 5paisa are the other top discount brokers to open commodity trading accounts with. However, if you are a newcomer and want to look for commodity research then ICICI Direct and Kotak Securities are the two top full-service brokerage firms to trade in commodities.
There are many factors to be checked before selecting the best broker to start commodity trading. If you are a commodity trader, then here is a list of pointers prepared for you to choose the best commodity trading broker;
If you're looking to start online trading in the commodity at the minimum brokerage, then Zerodha is undoubtedly the best commodity broker. It is India’s largest discount brokerage firm that charges Rs. 20 flat fee on MCX futures & options trading regardless of the trade value. Its Kite platform is a superfast, multi-linguistic, intuitive UI, and feature-rich commodity trading platform available in web and mobile app versions.
To trade in commodities, you must open a Zerodha commodity trading account. The broker charges Rs. 200 commodity trading account opening fees from clients.
Zerodha Commodity Trading Review
Likewise, stock market trading is where you purchase and sell a company’s shares, in commodity trading, you buy and sell commodity products such as metal commodities, energy commodities, and agro commodities. Although trading in commodities helps in portfolio diversification and hedge against risks, however, at the same time, it is subject to a high degree of risk. Therefore, beginners must have a basic understanding of the commodity market segment including what are the types of commodities available, and how to trade in commodities. Newbies can consider full-service brokerage firms that offer commodity trading research & advisory services to make a better d
If you are new to the commodity trading market, you must go with full-service brokerage firms. Before starting, it is advisable to learn about commodity market basics such as commodity futures and commodity options, commodity trading process, etc. You can open a commodity trading account with top full-service commodity brokers who offer commodity research services to customers.
ICICI Direct, Sharekhan, Kotak Securities, and Motilal Oswal are the recommended full-service commodity traders to open an account with. ICICI Direct , the top full-service brokerage firm with the highest customer base, has a fixed brokerage plan at a flat brokerage fee of Rs. 20 per order commodity trading.
No feedback found for this broker. Be the first to post the review.