Commodity trading refers to buying and selling of commodities or various financial instruments based on commodities. Commodities trading is similar to equity trading. Traders trade on the contracts of commodities future. Commodities future is an agreement to buy or sell a specific quantity of a commodity at a set price at a future time. It gives a exposure to a global market and helps in diversification of portfolio. Following are the best Commodity Trading Platforms in India.
1. Zerodha Commodity Broker
Zerodha provides the most modern and efficient commodity trading platform. It has easy to use interface. Zerodha charges Rs. 200 for commodity account opening charges. The platform is known as Zerodha Kite, the platform helps in accessing and managing portfolio, managing trade and analysis. It has superior trading platform for both desktop and mobile. It has one of the lowest and fixed charges for commodity trading in India.
| Description | Commodity Futures | Commodity Options |
| Brokerage | 0.03% or Rs. 20 per executed order whichever is lower | 0.03% or Rs. 20 per executed order whichever is lower. |
| Commodity transaction charges
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(CTT) | 0.01% on sell side (non-agri) | 0.05% on sell side. |
| Transaction charges | 0.0026% | 0 |
| SEBI Charges | Agri : Rs 1/ crore Non-Agri : Rs 10/crore | Rs 10/crore |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
2. Upstox
Upstox is an emerging Mumbai based broker, it was previously known as RKSV securities. The users can trade only at MCX exchange through Upstox. The commodity opening charges on Upstox pro is Rs. 150. Upstox are backed by famous personalities like Ratan Tata.
| Description | Commodity Futures | Commodity Options |
| Brokerage | Rs. 20 per executed order or 0.05% (whichever is lower.) | Flat Rs. 20 per executed order |
| Commodity transaction charges (CTT) | 0.1% on both Buy and Sell | 0.05% on sell trade. |
| Transaction charges | Non-agri: Exchange turnover charge 0.0026% clearing charge 0.0005% | Exchange turnover charge : 0 clearing charge : 0.002% on buy + sell [Rs 200/ Cr] |
| SEBI Charges | Rs 15/crore | Rs 15/crore |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
3. Angel Broking Commodity Broker
Angel Broking is a well established full service broker in India. They have branches in 900 cities and towns. The Angel Broking Commodity account opening charges is Rs 600. Earlier, they used to charge percentage based brokerage charges.
| Description | Commodity Futures | Commodity Options |
| Brokerage | Rs. 20 per order | Rs. 20 per order |
| Commodity transaction charges (CTT) | 0.01% on sell side (non-agri) | 0.05% on sell side. |
| Transaction charges | MCX Rs 150/Cr | NCDEX Rs 300/Cr | MCX Rs 150/Cr | NCDEX Rs 300/Cr |
| SEBI Charges | 0.001% of turnover | 0.001% of turnover |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
4. Trade Plus Online
Trade Plus Online provides one of the lowest brokerage charges for commodities in India. They are based out in Chennai and are a subsidiary of Navia markets. They have been in brokerage business from three decades. They do not provide any relationship manager and they do not share research reports and tips.
| Description | Commodity Futures | Commodity Options |
| Brokerage | Plan 1 : Rs 9/order Plan 2 : Rs 99/ order | Plan 1 : Rs 9/ order Plan 2 : Rs 99/ order |
| Commodity transaction charges (CTT) | 0.01% | 0.05% on sell side. |
| Transaction charges | Exchange charge : 0.0026% Clearing charge : 0.0014% | Exchange charge : 0 Clearing charge : 0.05% |
| SEBI Charges | 0.001% of turnover | 0.001% of turnover |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
5. Trade Smart Online
Trade Smart Online is top rated online brokerage arm of VNS Finance who is a famous full-service broker in Mumbai. They have plan called Value plan which charges 0.007% for commodity charges. It charges Rs. 200 for opening of Trade Smart Online Account.
| Description | Commodity Futures | Commodity Options |
| Brokerage | 0.03% | 0.03% |
| Commodity transaction charges (CTT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side. |
| Transaction charges | MCX (Non- Agri) Rs 230 per cr (0.0023%) | MCX (Agri) Rs 95 cr (0.00095%) | MCX (Non- Agri) Rs 230 per cr (0.0023%) | MCX (Agri) Rs 95 cr (0.00095%) |
| SEBI Charges | 0.001% of turnover | 0.001% of turnover |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
6. FYERS Securities
Focus Your Energy and Reform Self is based in Bengaluru. The trading platforms are top notch and are known as FYERS One and Fyers Market. The FYERS commodity trading account is Rs 400.
| Description | Commodity Futures | Commodity Options |
| Brokerage | Rs 20 per executed order or 0.03% whichever is lower. | Rs 20 per executed order |
| Commodity transaction charges (CTT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side. |
| Transaction charges | Rs 390/crore | Rs 2000/crore |
| SEBI Charges | 0.001% of turnover | 0.001% of turnover |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
7. Sharekhan
Sharekhan is leading commodity broker in India. They have portfolio management service. Account opening charges are zero at Sharekhan. Annual maintenance charges are zero for the first year then Rs 400 from the next year.
| Description | Commodity Futures | Commodity Options |
| Brokerage | Rs 15 per order | Rs 20 per order |
| Commodity transaction charges (CTT) | Rs 1000/crore | Rs 5000/crore |
| Transaction charges | Rs 390/crore | Rs 2000/crore |
| SEBI Charges | 0.001% of turnover | 0.001% of turnover |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
FAQS
Q.) Which is the best platform for commodity trading?
Answer : Zerodha is the best platform for commodity trading.
Q.) Is commodity trading in India profitable?
Answer : Careful use of margin trading commodities can make it profitable business In India.
Q.) Does Zerodha allow commodity trading?
Answer : Users can open commodity account by enabling the commodity segment from console.
Q.) Which commodity trading is best for beginners?
Answer : CFDs or Contracts For Difference is one of the most straightforward trading options in commodities.
Q.) What is the safest commodity to Trade?
Answer : Gold. The gold market boasts of growth and diversity.
Following are the best commodity brokers in India. We hope you liked the article and found it to be informative. Please share the article with your friends and check out our website for new articles.