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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)

Rank Broker Brokerage Active Clients Request Callback Review
1ZerodhaRs 20 per executed order or .03% whichever is lower6,583,612Open Account Zerodha Review
2UpstoxRs 20 per executed order or 0.05% whichever is lower5,462,001Open Account Upstox Review
3Angel OneRs 20 per executed order4,025,199Open Account Angel One Review
45paisaRs 20 per executed order1,652,702Open Account 5paisa Review
5Alice BlueRs 15 per order or 0.01% whichever is lower144,702Open Account Alice Blue Review
6FyersRs 20 per executed order or .03% whichever is lower142,962Open Account Fyers Review
7SAMCORs 20 per trade or 0.02% (whichever is lower)74,222Open Account SAMCO Review
8TradeSmartRs 15 per order44,909Open Account TradeSmart Review
9TradeplusRs 99 per month (unlimited trading)15,514Open Account Tradeplus Review
10RMoneyRs 9 per executed order4,087RMoney 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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