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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 | 4,543,870 | Open Account  |  |
| 2 | Upstox | Rs 20 per executed order or 0.05% whichever is lower | 3,310,215 | Open Account | |
| 3 | Angel Broking | Flat Rs 20 per executed order | 2,152,468 | Open Account | |
| 4 | 5paisa | Rs 20 per executed order | 1,089,828 | Open Account | |
| 5 | Alice Blue | Rs 15 per order or 0.01% whichever is lower | 141,760 | Open Account | |
| 6 | Fyers | Rs 20 per executed order or .03% whichever is lower | 55,902 | Open Account | |
| 7 | Master Trust | Rs 20 per executed order | 51,878 | Open Account | |
| 8 | TradeSmart | Rs 15 per order | 36,808 | Open Account | |
| 9 | Tradeplus | Rs 99 per month (unlimited trading) | 21,164 | Open Account | |
| 10 | Finvasia | Rs 0 | 15,767 | Open Account | |
| Subject | Discount Broker | Full-service Broker |
|---|---|---|
|
Online Commodity Trading |
Yes |
Yes |
|
Offline Trading (local branch) |
No |
Yes |
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Trading Advisory |
No |
Yes |
|
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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Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
