FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

How to select the best broker for commodity trading?

There are many factors to be checked before selecting the best broker to start commodity trading. If you are a commodity trader, then here is a list of pointers prepared for you to choose the best commodity trading broker;

  1. Registered member or affiliation: Before choosing anyone, make sure to check whether the broker is a registered member of the commodity trading exchange (MCX and NCDEX) or not.
  2. Brokerage fee: Undoubtedly, the brokerage charged on MCX trading is one of the critical factors to check. You may prefer discount brokers or those full-service brokers who charge a flat brokerage price on trading in commodities.
  3. Trading Platforms: Commodity traders must check for a dedicated commodity trading app, while advanced traders can check for the commodity trading software.
  4. Active customers: The customer base is an important factor to measure how reliable or trustworthy a broker can be. A higher active clientele base indicates that a broker is very popular or vice-versa.
  5. Customer support: Check all the possible modes available with your broker to provide customer support such as email, telephonic assistance, chatbot, and offline support.
Answered on

I Like It. 1

  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

User Reviews