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Top 5 Commodity Discount Brokers in India


This list of Top 5 Commodity Discount Brokers in India is prepared with the current data available on the NSE website with active customers. The Discount Brokers offer online trading services on fixed brokerage prices. All brokers listed below are providing the MCX trading (Futures and Options) in various MCX Scripts. Zerodha is the number one broker in India.

    Best Brokers for Commodity Trading have following attributes:

  • For trading in MCX with discount brokers, one needs to pay Fixed brokerage which does not depend on trading volume. In the below table, you can clearly see that†the brokerage is maxed Rs 20 per order only.
  • The second point is that discount brokers have a very strong Risk Management System, so you can limit your losses. As we see the commodity market fluctuates a lot so a strong risk management system will help you in that scenario.
  • All discount brokers offer the best trading platforms with a mobile app, so you donít have to wait for any trade, you can do trade on your own.
  • The fourth point is, most of the discount brokers offer Cover Orders and Bracket Orders facility for Commodity trading, that you can use to limit your losses.

We have published one more article related to this report which will give you more insight into Best Broker for Commodity Trading. Below is the list of Top 5 Commodity Discount Brokers in India.

Top 5 Commodity Discount Brokers in India-Report

seq Broker Name Detail Active Clients Invest Now
1ZerodhaZerodha is over all number 1 broker in India with active customer count - 1414376. Zerodha offers commodity trading in just ₹20 per order.1414376Enquire
2UpstoxUpstox is the 2 largest discount broker in India with active customer count - 619305. Upstox offers MCX trading ₹20 Per order.619305Enquire
35paisa5Paisa ranked number 3 discount broker in India with active clients - 434036. 5paisa allow to trade in MCX ₹20 per order.434036Enquire
4Alice BlueAlice Blue ranked number 4 discount broker in India with active clients - 37295. One of the biggest name in South for MCX trading offer online trade ₹20 per order and percentage based tradition plan.37295Enquire
5FyersFyers ranked number 5 discount broker in India with active clients - 14189. Fyers offers MCX Trading ₹20 Per Order.14189Enquire

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Last updated on 05-Aug-20


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