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Any stockbroker registered with commodity exchanges provides commodity trading services. Do you trade commodities? If yes, here is a complete list of 10 best or most popular commodity trading brokers in India with the cheapest broker fees, best platforms, good client base and commodity research.
Commodity trading means buying and selling various types of commodities or financial instruments of commodities. Commodity traders trade commodity futures and options contracts on commodity exchanges. Traders can trade in commodities such as metals (gold, silver, zinc, etc.), energy, and agricultural commodities.
There are two popular commodity exchanges in India;
A stockbroker who is registered as a member of these two exchanges allows his clients to trade in commodities.
To start trading in commodities, you need to open a commodity trading account with a broker. Many full-service brokers and discount brokers in India offer commodity trading services.
Discount brokers like Zerodha, Upstox, and 5paisa charge Rs 20 flat brokerage fee for MCX trading but do not offer commodity research. On the other hand, full-service brokers like HDFC Securities, Motilal Oswal, Sharekhan, etc. charge a higher percentage of brokerage fees but offer commodity trading tips, research and advisory. They may charge commodity trading brokerage fee of 0.03% to 0.05% of the trading value.
Which one you should choose depends on your requirements. If you are new to commodity trading, you can opt for a full-service broker, while if you are looking for the cheapest commodity trading brokers, you should open an account with a top discount broker.
An indicative list of factors to be checked to select the best commodity trading brokers in India;
On this page, we present you the top 10 most popular brokers for commodity trading including full-service and discount brokers. You can consider these top brokers for opening a commodity trading account.
Broker | Brokerage | Transaction charges | Review | Request Callback |
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Zerodha | Flat Fee Rs 20 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
Angel One | 0.25% or Rs 20 whichever is lower | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | ![]() | Open Account ![]() |
5paisa | Flat Fee Rs 20 | Rs 260 Per Cr | ![]() | Open Account ![]() |
Upstox | Flat Fee Rs 20 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
Alice Blue | Flat Fee Rs 15 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | ![]() | Open Account ![]() |
Sharekhan | 0.1% or 10 paisa | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | ![]() | Open Account ![]() |
Zerodha Trade@20Want to start your investment journey, join India’s number one online broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account |
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Zerodha is ranked on the top commodity brokers with a Rs 20 flat commodity brokerage fee and the super-fast and easy-to-use Kite web and app platform. Angel One is another recommended full-service offering discount broker in the list that offers flat commodity brokerage and also provides commodity research to users.
ICICI Direct, Kotak Securities and Sharekhan are the best full-service brokers for commodity trading. Beginners who want to get into commodity trading can consider these brokers for trading on MCX.
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.