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 ₹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.

Cheapest Commodity Broker in India List (Discount Brokers)

Broker Brokerage Future Margin Active Clients Request Callback Review
Zerodha₹20 per executed order or .01% whichever is lowerIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span1,257,180Open AccountZerodha Review
Upstox₹20 per executed orderRegular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x555,302Open AccountUpstox Review
Master Trust₹10 per executed order37,120Open AccountMaster Trust Review
Alice Blue₹20Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x33,114Open AccountAlice Blue Review
TradingBells₹20 per tradeIntraday: 3x | Carry: 1x26,916Open AccountTradingBells Review
Trade Smart Online₹15 per executed orderMIS: 2X | BO: 6X | CO: 6X23,794Open AccountTrade Smart Online Review
Tradeplus₹99 per month (unlimited trading)Intraday Leverage of 2X10,757Open AccountTradeplus Review
Wisdom Capital₹9 per executed order5x to 20x (dependent on brokerage plan)6,888Open AccountWisdom Capital Review
Finvasia₹02x5,318Open AccountFinvasia Review
Tradejini₹20 per executed order5x with SL, 3x without SL4,923Open AccountTradejini 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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