List of Best Commodity Trading Brokers in India 2021: Commodities are raw materials or agricultural products in simple terms that can be bought and sold. These are some of the basic goods in commerce used as building blocks of the global economy.

Commodity trading refers to the buying or selling of commodities or various financial instruments based on the commodities. Commodities Trading in India is offered by two major exchanges – MCX (Multi-Commodity Exchange) and NCDEX (National Commodity and Derivative Exchange).

Points to keep in mind while choosing best commodity broker:

• Commodity broker must be affiliated with a stock exchange
• Commodity low brokerage
• Broker should provide customer support facilities
• Good reviews and rating among commodity trading brokers

List of Best Commodity Trading Brokers in India

Here is the list of best commodity trading brokers in India based on the above mentioned criteria:

Now, get to know about the above top 10 commodity brokers in detail –

1. Zerodha: Best Commodity Broker in India

Zerodha was the only online trading platform service provider at the time when it was incorporated in 2010. Zerodha provides one of the most efficient and modern commodity trading platforms known as Zerodha Kite.

Zerodha Kite is a sleek trading and investment platform using the latest technologies. It eases customer’s experience to trade and transact in the stock market.

Quick Note: If you want to open a FREE Demat account with Zerodha, here’s the direct link!

2. Angel Broking: Top Commodity Brokers in India

One of the leading broking service providers, Angel Broking is the largest full-service retail broker of India.

Angel Commodities Broking is a member of MCX & NCDEX and allows trading in all the commodities with a free commodity trading account.

Quick Note: If you want to open a FREE Demat account with Angel Broking, here’s the direct link!

3. Sharekhan: One of the Best Commodity Brokers in India

With over 2 million customer base, Sharekhan has been one of the top three stock brokers in India. It is the first stockbroker in India to introduce an online trading website sharekhan.com.

The commodity trading platform provides a wide range of products and services as well namely stock quotes, news alerts on the share market, fundamental and analytical research reports on equity, mutual fund investments, IPOs, and so on.

4. Upstox (RKSV): Top 10 Commodity Trading Brokers

One of the first brokers to start discount broking firm in India, Upstox is a technology-driven discount broking firm that provides 100% online trading and investing platform to its customers.

Upstox provides one of the most comprehensive commodity trading platforms. The broker offers many innovative and powerful tools to assist the commodity traders like the live market data, advanced charting, and top class user experience.

5. ICICI Direct: India’s Top Commodity Trading Brokers

The ICICI Direct which is a part of ICICI Securities ranks number one in the full-service stockbrokers’ list.

The high-quality and customized services along with the 3-in-1 account facility are what the company counts on to be able to capture such a vast number of active clients.

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6. HDFC Securities: Top 10 Commodity Trading Brokers

HDFC Securities Limited is a subsidiary of a top-notch private sector bank HDFC and has been in existence for the last two decades. The company is named as one of the topmost full-service stockbrokers of India.

The large full-service broking firm provides various products that include trading in equity, derivative, commodity, currency, mutual funds, bonds, FDs, NCD, NPS and SIP.

7. Motilal Oswal: Best Commodity Brokers in India

Motilal Oswal Securities Limited is a subsidiary firm of Motilal Oswal Financial Service Limited. Today, this diversified financial service firm holds diversity in the clients too as they have retail customers, foreign institutional investors, High Net Worth Individuals, financial institutions and small and large corporates.

For commodity traders, they offers some exquisite features both on their web as well as an app platform. 100% paperless Demat and trading accounts with expert reviews is what makes them one of the best in the industry.

8. India Infoline (IIFL): Top 10 Commodity Trading Brokers in India

IIFL Securities is one of the biggest retail and commodity brokers which is a part of an IIFL Group, India’s biggest financial service provider.

The Cutting edge technology of IIFL makes it user friendly and easy to trade and invest any time anywhere. The panel of experts produces well-researched reports, charts, tips and recommendations that help investors make efficient decisions.

9. TradePlus Online: India’s Top Commodity Trading Brokers

TradePlus, is a Chennai based discount broker provides commodity trading on MCX at the lowest brokerage cost with a monthly plan.

TradePlus provides an infinite commodity trading plan at ₹99 per month for unlimited commodity trading on MCX. You can also choose their flat brokerage plan in which they charge ₹9/order.

10. Alice Blue: Best Commodity Brokers in India

Alice Blue is one of the best discount and commodity brokers who provide online and offline trading services in India. Based out of Bangalore, the stockbroker has been in existence for more than a decade that helped the firm leverage its brokerage model into a low-cost plan.

Alice Blue offers low-cost brokerage plans that allow investors to trade and invest at a very low cost under Freedom 20 plan as well as Trade Pro Plan.

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Closing Thoughts

We would recommend to anyone who is thinking about starting commodity trading that you should find a commodity trading broker according to your requirements and review its services and charges. You can see their platforms’ demo video as well.

Here we have listed the top 10 commodity brokers in India, which are the best commodity trading brokers in India as well. Hope you have liked the article. You may read our other articles on stockbrokers‘ reviews as well. Happy trading!