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)

Broker Brokerage Future Margin Active Clients Request Callback Review
ZerodhaRs 20 per executed order or .03% whichever is lowerIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span2,923,141Open AccountZerodha Review
UpstoxRs 20 per executed order or 0.05% whichever is lowerBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x1,623,515Open AccountUpstox Review
5paisaRs 20 per executed order793,518Open Account5paisa Review
Alice BlueRs 20 per order or 0.01% whichever is lowerIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x106,680Open AccountAlice Blue Review
Master TrustRs 20 per executed order44,744Open AccountMaster Trust Review
TradeSmartRs 15 per executed orderMIS: 2X | BO: 6X | CO: 6X34,705Open AccountTradeSmart Review
FyersRs 20 per executed order or .03% whichever is lowerNA29,255Open AccountFyers Review
TradeplusRs 99 per month (unlimited trading)Intraday Leverage of 2X21,917Open AccountTradeplus Review
FinvasiaRs 02x10,070Open AccountFinvasia Review
Wisdom CapitalRs 9 per executed order5x to 20x (dependent on brokerage plan)8,028Open 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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