There was a time when trading in commodities was limited to seasoned traders and required complex setups. Today, even young investors are participating in markets like gold, silver, and crude oil. Along with a shift in interest, something that has changed is how traders access commodity markets. You can now participate in commodity trading through a few taps on your phone.
Digital platforms for trading in commodities look appealing. However, it’s easy to overlook brokerage costs. Even a small difference in fees can add up significantly over several trades. That’s why the choice of the right commodity trading broker matters.
In this blog, we have curated six of the most popular commodity trading platforms in India with the lowest brokerage charges.
Top brokers with the lowest charges on commodity trading
Based on the lowest charges and the availability of essential features, we have shortlisted six popular platforms for commodity trading online in India.
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Dhan
Dhan is one of the top choices for traders looking for cost-efficiency and features. The platform clearly defines its pricing strategy, with futures charged at INR 20 or 0.03% per trade, whichever is lower, and options priced at INR 20 per trade. As a result, traders can easily estimate costs before they place their orders.
The platform offers several tools that assist you during active trading. Some of these include TradingView charts, a built-in option chain, and instant margin through pledged stocks. Traders can make decisions faster with the feature-packed platform. When you trade volatile instruments like silver and crude oil, these features particularly prove useful.
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Groww
Groww simplifies the approach to commodity trading with its predictable pricing structure. The platform charges INR 20 per executed order or 0.03%, whichever is lower.
You can also access live commodity markets through Groww, which includes daily traded instruments like gold and crude oil.
The interface is mobile-friendly, which helps users buy or sell contracts directly from the app. Traders can also manage commodities along with equities and other investments through Groww.
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Zerodha
The competitive pricing of Zerodha makes it a popular choice among commodity traders. The platform charges commodity futures at 0.03% or INR 20 per order, whichever is lower. It has priced options at INR 20 per executed order.
Those looking for predictable costs, particularly when they trade frequently, find this pricing structure convenient. Zerodha also provides you with access to charting tools and market data in real time.
You can also trade across multiple commodity segments through Zerodha. This helps you act quickly when prices move fast.
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Angel One
Angel One offers commodity trading facilities along with other options for investment. The brokerage platform charges a flat fee of INR 20 per order after giving 30 day no brokerage for upto INR 500.
The digital execution on Angel One allows you to trade commodities like gold, silver, and crude oil through a streamlined interface. If you are looking for a platform to trade in multiple assets, Angel One can be a decent choice. Both active and occasional traders find the pricing simple on this platform.
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5paisa
5paisa is another cost-effective broker, charging a flat fee of INR 20 per order. Traders looking for a simpler pricing model may consider this brokerage platform.
It allows you to trade in commodity markets, including futures contracts for assets like gold and crude oil. With the simple pricing structure, traders can work on execution without worrying about high brokerage rates.
This platform may not offer highly advanced tools compared to some of the other platforms. However, you get access to commodity markets at a low cost. Traders who look for affordability and basic functions often find 5paisa a practical option.
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Upstox
When it comes to commodity trading, Upstox charges a reasonable fee of INR 20 per executed order or 0.05%, whichever is lower. Those looking for transparency may use Upstox as it clearly distinguishes brokerage from additional statutory charges like GST, transaction fees, and stamp duty. With this transparency, traders can understand how much they are paying for each trade.
Apart from gaining access to commodity markets, you can also use different tools to track trades and execute them efficiently. Upstox also provides exposure to gold and silver through ETFs. Those planning to invest beyond futures and options, therefore, may consider Upstox.
This platform has gained popularity due to its clarity in pricing and smooth experience through the app. With Upstox, you gain a balanced approach to trading in commodities.
Conclusion
When you look for the right broker for commodity trading, it’s crucial to look beyond the lowest brokerage costs. Ultimately, it’s the features and convenience on the platform that define your trading experience.
Most of the platforms offer a similar pricing of around INR 20 per trade. However, the difference lies in how efficiently you can trade through the best commodity trading app. As a trader, you should be looking for a platform that provides both cost-effectiveness and consistency. Open a demat account in any of these low-cost brokerage platforms to capitalise on opportunities in the commodities market.
