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Commodity Discount Brokers in India

Commodity broker in India offers trading services in commodity contracts at MCX and NCDEX. Commodity traders can buy/sell contacts including futures and options at commodity exchanges in India.

The commodity broker companies are classified into two categories:

Commodity Discount Brokers
Commodity Full-service Brokers

Commodities discount brokers are ultra-low-cost brokers offering online commodity trading through mobile, website and installable trading terminals. The commodity brokerage fees by discount broker range from flat Rs 9 to Rs 20 per executed order irrespective of the size of the trade.

Below is a list of commodity brokers in India showing top commodity discount brokers.

Cheapest Commodity Broker in India List (Discount Brokers)

Rank	Broker	Brokerage	Active Clients	Request Callback
1	Zerodha	Rs 20 per executed order or .03% whichever is lower	3,602,074	Open Account
2	Upstox	Rs 20 per executed order or 0.05% whichever is lower	2,141,095	Open Account
3	5paisa	Rs 20 per executed order	870,405	Open Account
4	Alice Blue	Rs 15 per order or 0.01% whichever is lower	125,223	Open Account
5	Master Trust	Rs 20 per executed order	48,645	Open Account
6	TradeSmart	Rs 15 per order	36,808	Open Account
7	Fyers	Rs 20 per executed order or .03% whichever is lower	35,963	Open Account
8	Tradeplus	Rs 99 per month (unlimited trading)	22,257	Open Account
9	Finvasia	Rs 0	12,018	Open Account
10	Wisdom Capital	Rs 9 per executed order	8,017	Open Account

Discount Vs Full-Service Commodity Brokers

Comparison of commodity discount and full-service brokers

Subject	Discount Broker	Full-service Broker
Online Commodity Trading	Yes	Yes
Offline Trading (local branch)	No	Yes
Trading Advisory	No	Yes
Personal RM (Relationship Manager)	No	Yes
Broker Assisted Trades	Yes (at additional cost)	Yes
Brokerage Fees	Very low (flat per trade fee)	High (in % of transaction value)
Online Trading Platforms	Free Mobile, Web and Exe Terminal	Free Mobile, Web and Exe Terminal

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