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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 | 6,583,612 | Open Account  |  |
| 2 | Upstox | Rs 20 per executed order or 0.05% whichever is lower | 5,462,001 | Open Account | |
| 3 | Angel One | Rs 20 per executed order | 4,025,199 | Open Account | |
| 4 | 5paisa | Rs 20 per executed order | 1,652,702 | Open Account | |
| 5 | Alice Blue | Rs 15 per order or 0.01% whichever is lower | 144,702 | Open Account | |
| 6 | Fyers | Rs 20 per executed order or .03% whichever is lower | 142,962 | Open Account | |
| 7 | SAMCO | Rs 20 per trade or 0.02% (whichever is lower) | 74,222 | Open Account | |
| 8 | TradeSmart | Rs 15 per order | 44,909 | Open Account | |
| 9 | Tradeplus | Rs 99 per month (unlimited trading) | 15,514 | Open Account | |
| 10 | RMoney | Rs 9 per executed order | 4,087 | |
| Subject | Discount Broker | Full-service Broker |
|---|---|---|
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Online Commodity Trading |
Yes |
Yes |
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Offline Trading (local branch) |
No |
Yes |
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Trading Advisory |
No |
Yes |
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Personal RM (Relationship Manager) |
No |
Yes |
|
Broker Assisted Trades |
Yes (at additional cost) |
Yes |
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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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