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 lower3,602,074Open Account Zerodha Review
2UpstoxRs 20 per executed order or 0.05% whichever is lower2,141,095Open Account Upstox Review
35paisaRs 20 per executed order870,405Open Account 5paisa Review
4Alice BlueRs 15 per order or 0.01% whichever is lower125,223Open Account Alice Blue Review
5Master TrustRs 20 per executed order48,645Open AccountMaster Trust Review
6TradeSmartRs 15 per order36,808Open Account TradeSmart Review
7FyersRs 20 per executed order or .03% whichever is lower35,963Open Account Fyers Review
8TradeplusRs 99 per month (unlimited trading)22,257Open AccountTradeplus Review
9FinvasiaRs 012,018Open AccountFinvasia Review
10Wisdom CapitalRs 9 per executed order8,017Open AccountWisdom Capital 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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