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 .03% whichever is lowerIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span1,746,614Open AccountZerodha Review
Upstox₹20 per executed order or 0.05% whichever is lowerBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x729,858Open AccountUpstox Review
5paisa₹20 per executed order534,655Open Account5paisa Review
Alice Blue₹20 per order or 0.01% whichever is lowerIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x50,803Open AccountAlice Blue Review
Master Trust₹20 per executed order39,880Open AccountMaster Trust Review
TradeSmart₹15 per executed orderMIS: 2X | BO: 6X | CO: 6X27,104Open AccountTradeSmart Review
Tradeplus₹99 per month (unlimited trading)Intraday Leverage of 2X16,392Open AccountTradeplus Review
Wisdom Capital₹9 per executed order5x to 20x (dependent on brokerage plan)7,472Open AccountWisdom Capital Review
Fyers₹20 per executed order or .03% whichever is lowerNA7,099Open AccountFyers Review
Finvasia₹02x6,580Open AccountFinvasia 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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