|
|
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.
| Rank | Broker | Brokerage | Active Clients | Request Callback | Review |
|---|---|---|---|---|---|
| 1 | Zerodha | Rs 20 per executed order or .03% whichever is lower | 6,277,434 | Open Account  |  |
| 2 | Upstox | Rs 20 per executed order or 0.05% whichever is lower | 5,215,523 | Open Account | |
| 3 | Angel One | Rs 20 per executed order | 3,060,398 | Open Account | |
| 4 | 5paisa | Rs 20 per executed order | 1,754,330 | Open Account | |
| 5 | Alice Blue | Rs 15 per order or 0.01% whichever is lower | 149,397 | Open Account | |
| 6 | Fyers | Rs 20 per executed order or .03% whichever is lower | 124,152 | Open Account | |
| 7 | SAMCO | Rs 20 per trade or 0.02% (whichever is lower) | 77,730 | Open Account | |
| 8 | TradeSmart | Rs 15 per order | 44,826 | Open Account | |
| 9 | Tradeplus | Rs 99 per month (unlimited trading) | 19,934 | | |
| 10 | RMoney | Rs 18 per executed order or .01% whichever is lower | 3,956 | |
| 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 |
Add a public comment...
|
|
