Details About Top Commodity Brokers Available In India

by Tonya Callison Author

Introduction

Although it may not be as popular as equity, index, or forex trading, commodity trading is growing. It continues to be a well-liked substitute for currency trading. It is an excellent tool for portfolio diversification because it offers hedging options. Do you wish to begin trading commodities? Could you view our most reputable brokers? Here are the 5 Best Commodity Brokers in India 2022 to give you the best reference.

List of top commodity brokers in India 2022

Commodity exchanges are places where people try to buy and sell commodities, and several broking companies will allow people to buy and sell several products per their needs. So, some of the top commodity brokers available in India are

1.     Zerodha Commodity broker

2.     Upstox Commodity broker

3.     Angel Broking Commodity broker

4.     TradePlus Online Commodity broker

5.     TradeSmart Online Commodity broker

So, these companies will be the top 5 best commodity brokers in India 2022, and each of these companies will have several features that make them reach this position.

1. Zerodha Commodity broker

This Zerodha commodity broker company is the one that introduced discount broking in India and even to the entire market. The traditional brokers will get a commission according to the percentage of the total trade value. But, in this discount brokering, this company will get only Rs.20 per trade and will not change according to the trade size.

This company has a different trading platform, KITE, and the attractive, user-friendly interface of the app is the most popular. People need to pay Rs.200 as charges to open their commodity accounts. These details will explain the popularity of this company and its online trading platform, which makes trading more simple and pocket friendly.

2. Upstox Commodity broker

Upstox is India's fastest-growing commodity broker application and was previously known as RKSV securities. This company is a Mumbai-based brokering company that allows people to trade only with MCX exchange through the application. This company has a unique record of opening a 1lakh Demat account in a month, and this company gets funds from India's one of most popular business personalities like MR. Ratan Tata. The commodity account opening charge for this company is Rs. 150, and Upstox Pro is one of the leading trading platforms available for people to use.  

3. Angel Broking Commodity broker

This company is a well-established organization with over 900 branches all over India, most of which are in main cities and towns. Similarly, they also have 8500 sub-brokers who are working under this company. So, these features make them eligible for a place in top commodity brokers.

Initially, they used the old charge per the trade size concept and changed that into Rs.20 per executed order. The cost of opening an Angel broking account is about Rs. 600, and it has various attractive features that help reach the top 3 places for India's best commodity brokers.

4. TradePlus Online commodity brokers

Among all the commodity brokering companies in India, this is the only company that provides the lowest brokerage charges for unlimited trading. So, people who need to be part of this company should pay a monthly subscription of about Rs.99 per month, and people can also choose the Rs.9 per order option according to their requirements.

This company is a subsidiary of MAvia markets, working from Chennai as its base. These features are the reason behind the popularity of this company, and it also gets a place in the top 5 best commodity brokers in India 2022. It also has several benefits, like more prominent brands in this field.

5. Tradesmart online Commodity broker

This company is one of the top-rated online brokerage companies which works as the arm of VNS finance, a famous Mumbai-based full-service broker company. This company offers its services in various trading like commodities, currency, F&Q, and equity. For every executed order, this company will charge Rs.15, which will not be according to the trade size.

Similarly, this company has another option: the value plan in which the charges will be 0.007% from the commodity futures. Opening an online account will charge up to Rs. 200. These are some facts about the trademark online commodity broker company. Like all other brokering companies, it also has its unique trading platform, which helps to trade faster.

Conclusion

In this list of the top 5 best commodity brokers in India 2022, all the companies are more effective in commodity brokering. People choosing these companies will have several remarkable benefits with low trading charges. Only some companies charge high, but they also provide several advantages according to their costs, making them worth the money people spend on these brokering companies. 

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Created on Nov 5th 2022 04:05. Viewed 194 times.

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