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Commodity Discount Brokers in India

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:

  1. Commodity Discount Brokers
  2. 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 Review
1ZerodhaRs 20 per executed order or .03% whichever is lower4,543,870Open Account Zerodha Review
2UpstoxRs 20 per executed order or 0.05% whichever is lower3,310,215Open Account Upstox Review
3Angel BrokingFlat Rs 20 per executed order2,152,468Open Account Angel Broking Review
45paisaRs 20 per executed order1,089,828Open Account 5paisa Review
5Alice BlueRs 15 per order or 0.01% whichever is lower141,760Open Account Alice Blue Review
6FyersRs 20 per executed order or .03% whichever is lower55,902Open Account Fyers Review
7Master TrustRs 20 per executed order51,878Open AccountMaster Trust Review
8TradeSmartRs 15 per order36,808Open Account TradeSmart Review
9TradeplusRs 99 per month (unlimited trading)21,164Open AccountTradeplus Review
10FinvasiaRs 015,767Open AccountFinvasia Review

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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