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:
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.
Broker | Brokerage | Future Margin | Active Clients | Request Callback | Review |
---|---|---|---|---|---|
Zerodha | Rs 20 per executed order or .03% whichever is lower | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span | 2,923,141 | Open Account | ![]() |
Upstox | Rs 20 per executed order or 0.05% whichever is lower | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | 1,623,515 | Open Account | ![]() |
5paisa | Rs 20 per executed order | 793,518 | Open Account | ![]() | |
Alice Blue | Rs 20 per order or 0.01% whichever is lower | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | 106,680 | Open Account | ![]() |
Master Trust | Rs 20 per executed order | 44,744 | Open Account | ![]() | |
TradeSmart | Rs 15 per executed order | MIS: 2X | BO: 6X | CO: 6X | 34,705 | Open Account | ![]() |
Fyers | Rs 20 per executed order or .03% whichever is lower | NA | 29,255 | Open Account | ![]() |
Tradeplus | Rs 99 per month (unlimited trading) | Intraday Leverage of 2X | 21,917 | Open Account | ![]() |
Finvasia | Rs 0 | 2x | 10,070 | Open Account | ![]() |
Wisdom Capital | Rs 9 per executed order | 5x to 20x (dependent on brokerage plan) | 8,028 | Open Account | ![]() |
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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