Commodity Broker in India (Full-service Brokers)

Commodity Broker in India (Full-service Brokers)

The full-service commodity broker in India offers commodity trading, research and advisory services. Customers can trade in commodity contracts at MCX and NCDEX exchanges.

The commodity trading brokers in India are classified into two categories:

  1. Commodity Discount Brokers
  2. Commodity Full-service Brokers

Unlike a commodities discount broker, the full-service broker offers online as well as offline trading through a network of branch and franchise offices. If you are looking for the best MCX commodity broker in India, then compare brokers below and find the best suitable broker for your trading needs.

The full-service commodity broker fees range from 0.03% to 0.05% of the transaction value. Some broker also charges a flat per trade (i.e. Flat ₹25 per trade Angel Broking) commodity brokerage fees for online commodity trading.

Below is the list of the best commodity broker in India offering full-service to customers.

Top Commodity Broker in India List (Full-service Brokers)

Broker Brokerage Future Margin Active Clients Request Callback Review
HDFC Securities0.02% for Intraday / 0.025% for positionalNil729,868Open AccountHDFC Securities Review
Angel BrokingFlat ₹20 per executed order3x680,090Open AccountAngel Broking Review
Kotak Securities0.070%NA604,820Open AccountKotak Securities Review
Sharekhan0.03%Upto 2x for Intraday552,897Open AccountSharekhan Review
Motilal Oswal0.05% (both side)Upto 3x for Intraday396,575Open AccountMotilal Oswal Review
AxisDirect0.03%3x283,378Open AccountAxisDirect Review
IIFL Securities0.05%Upto 3x228,467Open AccountIIFL Securities Review
Karvy0.03%Upto 4x215,272Open AccountKarvy Review
SMC Global0.03%Upto 2x115,266Open AccountSMC Global Review
Religare0.05%Upto 3x111,931Open AccountReligare Review
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Full-Service Vs Discount Commodity Brokers

Comparison of commodity full-service and discount brokers
Subject Full-service Broker Discount Broker

Online Trading

Yes

Yes

Offline Trading (local branch office)

Yes

No

Trading Tips and Research

Yes

No

Relationship Manager

Yes

No

Personalized support & services

Yes

No

Call & Trade

Yes

Yes (at additional cost)

Brokerage

High (Usually in % of the transaction)

Low (flat fee per trade)

Trading Software

Free Mobile, Web and Exe Terminal

Free Mobile, Web and Exe Terminal


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