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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
1ICICIdirectRs 20 per order3,031,192Open Account ICICIdirect Review
2Kotak SecuritiesDelivery: Rs 20 per trade | Intraday: Free1,256,001Kotak Securities Review
3IIFL SecuritiesRs 20 per order1,132,766Open Account IIFL Securities Review
4Motilal Oswal0.05% (both side)896,851Motilal Oswal Review
5Sharekhan0.03%764,250Open Account Sharekhan Review
6AxisDirect0.03%422,358AxisDirect Review
7Anand Rathi0.008% - 0.05%104,677Open Account Anand Rathi Review
8Aditya Birla Money0.03%68,292Aditya Birla Money 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


1 Comments

1. c.v.lashmi   I Like It. | Report Abuse |   Link | Nov 10, 2021 6:23:46 AM Reply
which brokers service nse commodity goldm,crude,silver