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)

Rank Broker Brokerage Active Clients Request Callback Review
1ICICI DirectRs 20 per order1,580,233Open Account ICICI Direct Review
2Angel BrokingFlat Rs 20 per executed order1,564,667Open Account Angel Broking Review
3HDFC Securities0.02% for Intraday / 0.025% for positional957,085Open AccountHDFC Securities Review
4Kotak Securities0.070%743,206Open AccountKotak Securities Review
5Sharekhan0.03%679,333Open AccountSharekhan Review
6Motilal Oswal0.05% (both side)564,034Open AccountMotilal Oswal Review
7AxisDirect0.03%454,882Open AccountAxisDirect Review
8IIFL SecuritiesRs 20 per order291,730Open Account IIFL Securities Review
9SMC Global0.03%135,863Open AccountSMC Global Review
10Religare0.05%132,939Open AccountReligare Review

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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