Top 10 Commodity Brokers in India
|List of Discount Brokers||Account Opening Charges||Maintenance Charges||Brokerage in NSE all Segments||Brokerage in MCX all segments||Nifty Future Breakeven Point||Crudeoil Breakeven point||Intraday Leverage / Exposures in MIS||Delivery Leverage Margin (NRML)||Nifty Margin in MIS||Nifty Limit in CO||Gold Mini Margin in MIS||Gold Mini Margin in CO||Your Annual Savings (Rs.)|
|Zerodha||Rs 200||Rs 300||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.15||1.07||Upto 20 times||0 for NRML||24008||9015||7377||4168||43195|
|Wisdom Capital||Free||Lifetime Free||0%||0%||1.84||0.5||Upto 200 times||Upto 5 times for NRML||7370||3700||1850||1474||53975|
|RKSV||Rs 200||Rs 150 per year||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.56||1.07||Upto 20 times||1X for NRML||10005||10065||11804||4350||43195|
|SAMCO||Zero||Rs 400/year||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.56||1.71||Upto 15 times for||3X for NRML||23881||9390||7345||4900||40195|
|SAS Online||Rs 300||Rs. 200||Rs 9/trade||Rs 9/trade||2.86||0.9||Upto 20 times||3X for NRML||30010||10045||11705||4200||46950|
|Trade Smart online||Rs 200||Rs. 300||Rs 15/executed order||Rs 15/executed order||3.84||1.03||Upto 5 times||3X for NRML||24000||29974||8000||2362.94||45980|
|5Paisa||Rs. 650(1 time)||Rs. 400/year||Rs 10 /executed order||Trading in MCX is not available||2.19||1.07||Upto 15 Times||2X for NRML||30000||9350||NA||NA||46600|
|Trade Jini||Rs. 300||Rs 300/year||Rs 20/executed order||Rs 20 per executed order||2.13||1.07||Upto 20 Times||1X for NRML||30001||NA||7377||5000||43150|
|Astha Trade||Rs.650||Rs.300||0.01%||0.01%||3.22||1.65||Upto 40 times||10X for NRML||12500||9950||2000||1650||42900|
|Fyers||Zero||Rs. 400/year||Rs 20 /executed order||Trading in MCX is not available||2.23||NA||Upto 15 times||1X for NRML||24039||NA||NA||NA||43950|
One of the best ways of investing in commodities is with the help of futures contract. It is basically an agreement for buying or selling a particular quantity of commodities at a fixed price at some future time. Futures are easily available in each category of the commodity sector. The traders use such contracts as a way of prevention towards risks related to pricing swing of futures’ implicit trading raw or good material. Trading with commodities includes high risk for amateur investors. Thus, it is important to choose a reliable commodities broker.
How should you elect commodities broker
Selecting right commodity stock broker is an important part of the investment experience. A vast scope in market has given employment to a lot of stock brokers.
But experience as well as credibility marks the impression of an efficient broker. The charges which the stock broker quotes to the client could vary from one place to another. You should select a stock broker wisely on the basis of the offers as well as fee waivers. As compared to stock brokers depending on charges could go futile many a times.
Before you sign up for the stock broker, you need to check the media or platform with which the investment is going LIVE. The demo of the media or the app is suggested for the beginner investors.
A stock broker who has a proactive or a very strong customer assistance team is appreciated on the market. Depending totally on the stock broker without any kind of market research might put investors in loss. You should choose the right certified broker and also understand the whole process to deposit with the margin for completing the transaction. Below are the Top 10 commodity brokers in India. They offer commodity trading solutions to investors and help them invest their money in commodities.
Sharekhan is one of the oldest and one of the Top 10 commodity brokers in India. Within the commodity broking field, it offers regular recommendations as well as insights to the clients on the basis of the portfolio of the clients. For the traders who are just beginning to trade, it’s a very good broker. It offers different types of hand holding solutions to the clients in the form of emails, calls and SMS alerts.
Zerodha is considered to be a pioneer in the eco system of discount broking in the country. It does not offer any kind of tips or recommendations to its clients but it permits trading at a very reasonable brokerage fee. It is suitable for the traders who are capable of performing technical analysis on their own.
3. Trade Smart Online
The next name in our list of Top 10 commodity brokers in India is Trader Smart Online. It is popular for its efficient customer service. It offers a leverage of 5 times of intraday in the segment of commodities.
This is another discount stock broker which is quite popular for its trade platforms. It keeps adding a lot of innovative features. It charges a brokerage fee of Rs. 20 for every executed order.
5. Aditya Birla
This is a very old stock broking firm of the country and also one of the top full service stock brokers in the segment of commodities.
6. Angel Broking
Commodity trading has become the base of the global trade system which trades different commodities from the initial economic sector that acts as a building block. These can said to be the raw materials which are standardised as well as interchangeable with the other goods. The benefit of trading in commodities with Angel Broking is that is present in the industry since 1987. It offers a technology enabled trading and Demat account and it also offers fundamental and technical research guidance.
7. Motilal Oswal
This is the country’s very first stock broker and one of the Top 10 commodity brokers in India to offer 100% paperless Demat and trading account to the investors. It has a fully dedicated team which offers customer service and it also offers custom brokerage plan for suiting the risk appetite and needs of the customers.
8. Prabhudas Lilladhar
PL is known for its research. Its research team comprises of a well dedicated team of fundamental and technical research, which conducts painstaking research for competing in the market time and again.
PL commodities market is a regular and full time commodity trader of the Multi Commodities Exchange of India Ltd. The team of commodity trading at PL offers guidance to its investors for making wise investment and trading decision in bullions, metal, crude oil, etc.
Goodwill was founded in the year 2008 and since then it has evolved as one of country’s best commodities house and also the biggest distribution network offering a wide range of investment solutions as well as financial services. It has a customer driven strategy and foundation which strives for putting the customer first always. It has client’s specific tailor-made strategies for meeting the investment objectives and needs. It uses innovative and integrated which enables the customers to trade comfortably. The account opening process is absolutely easy with them. Their experts guide the investors for knowledge acquisition, trading as well as training. They offer the best technology for enabling trading process from anywhere anytime. It also facilitates browser base, mobile trading, etc. It offers a hassle free, timely support system for the clients. It has custom products which fundamental training and extensive research at all the goodwill branches and webinars.
RMoney offers advanced stock trade platforms. You can trade in bullion, agri, non agri, metal, etc. at one single screen. You can trade online or through your mobile. It provides exclusive research report, expert opinion on commodity, technical quotes. You can open an online commodity trade account for free of cost. You can enjoy extremely fast commodity trade platform at a very low brokerage fee.