Zerodha
Edelweiss
ICICI Direct
HDFC Sec
Aditya Birla
SBI Capital
Axis Direct
Kotak Sec
5Paisa
Motilal Oswal
Sharekhan
Indiabulls
SMC Global
ProStocks
Trade Smart
SASOnline
Fyers
Upstox
Alice Blue
IIFL
Angel Broking
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 ₹9 to ₹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 | ₹20 per executed order or .01% whichever is lower | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span | 1,257,180 | Open Account |  |
| Upstox | ₹20 per executed order | Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x | 555,302 | Open Account | |
| Master Trust | ₹10 per executed order | 37,120 | Open Account | | |
| Alice Blue | ₹20 | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | 33,114 | Open Account | |
| TradingBells | ₹20 per trade | Intraday: 3x | Carry: 1x | 26,916 | Open Account | |
| Trade Smart Online | ₹15 per executed order | MIS: 2X | BO: 6X | CO: 6X | 23,794 | Open Account | |
| Tradeplus | ₹99 per month (unlimited trading) | Intraday Leverage of 2X | 10,757 | Open Account | |
| Wisdom Capital | ₹9 per executed order | 5x to 20x (dependent on brokerage plan) | 6,888 | Open Account | |
| Finvasia | ₹0 | 2x | 5,318 | Open Account | |
| Tradejini | ₹20 per executed order | 5x with SL, 3x without SL | 4,923 | 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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