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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 Compare
10TradeSmartRs 15 per order29,627Open Account TradeSmart Review
9TradingoRs 20 per trade or 0.03% (whichever is lower)81,054Open Account Tradingo Review
8SAMCORs 20 per trade or 0.05% (whichever is lower)90,174Open Account SAMCO Review
7Alice BlueRs 15 per order or 0.05% whichever is lower163,460Open Account Alice Blue Review
6FyersRs 20 per executed order or .03% whichever is lower219,169Open Account Fyers Review
5DhanRs 20 or 0.03% of trade value, whichever is lower434,798Dhan Review
45paisaRs 20 per executed order544,270Open Account 5paisa Review
3UpstoxRs 20 per executed order or 0.05% whichever is lower2,401,555Open Account Upstox Review
2Angel OneRs 20 per executed order5,983,067Open Account Angel One Review
1ZerodhaRs 20 per executed order or .03% whichever is lower7,223,525Open Account Zerodha 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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