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 positionalNil675,448Open AccountHDFC Securities Review
Kotak Securities0.070%NA538,909Open AccountKotak Securities Review
Sharekhan0.03%Upto 2x for Intraday520,546Open AccountSharekhan Review
Angel BrokingFlat ₹20 per executed order3x505,144Open AccountAngel Broking Review
Motilal Oswal0.05% (both side)Upto 3x for Intraday350,068Open AccountMotilal Oswal Review
Karvy0.03%Upto 4x255,684Open AccountKarvy Review
IIFL0.05%Upto 3x205,171Open AccountIIFL Review
Religare0.05%Upto 3x108,581Open AccountReligare Review
SMC Global0.03%Upto 2x107,049Open AccountSMC Global Review
Nirmal Bang0.01%Upto 3x90,971Open AccountNirmal Bang 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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