Are you searching for the best broker for commodity trading in India but feeling overwhelmed by the choices? With so many brokers promising the lowest charges and best platforms, it’s easy to get confused. Choosing the right commodity broker in India can make a big difference in your trading journey. This guide uses the latest 2025 data from trusted sources and official broker websites to help you find the top brokers. We highlight the strengths of each, compare their pricing, and explain why Upstox is the best choice for most traders today.
Why Choosing the Right Commodity Broker in India Matters
Commodity trading is about speed, transparency, and access to the right products. If your broker charges hidden fees or has a clunky platform, your profits can vanish. The best broker for commodity trading in India gives you:
- Low, transparent brokerage charges
- Fast and reliable trading platforms
- Access to MCX and NCDEX markets
- Strong customer support
- SEBI registration and compliance
Whether you’re new or experienced, the right broker helps you trade confidently and avoid costly mistakes.
Top 7 Brokers for Commodity Trading in India (2025)
Here are the best brokers for commodity trading in India this year. Each has unique strengths, but Upstox leads for its pricing, technology, and support.
1. Upstox – Best Overall for Commodity Trading
Upstox is a leading commodity broker in India, recognized for its flat-fee model and user-friendly online platform. It offers trading in all major commodities on MCX, with fast execution and transparent pricing.
Why Choose Upstox:
- Flat ₹20 per executed order or 0.05% (whichever is lower) for commodity futures and options
- Zero account opening charges
- Fully online, paperless onboarding
- SEBI-registered and highly rated for security
- Real-time price alerts and advanced charting tools
Key Features:
- Trade on MCX with a single account
- User-friendly mobile and web app
- Free fund transfers and instant withdrawals
- 24/7 customer support
- Transparent brokerage calculator for all charges
Latest Data (2025):
- Brokerage: ₹20 per order or 0.05% (whichever is lower)
- Account Opening: ₹0
- Transaction Charges: Group A – ₹260 per crore (0.0026%)
- GST: 18% on brokerage + transaction charges
- SEBI Charges: ₹10 per crore
- Stamp Duty: 0.002% (₹200 per crore) on the buy side.
2. Zerodha
Zerodha is India’s largest discount broker, offering commodity trading on MCX with a flat-fee model.
Why Choose Zerodha:
- Flat ₹20 or 0.03% per executed order (whichever is lower) for commodity trades
- Transparent pricing and no hidden charges
- Advanced Kite platform for easy trading
Key Features:
- Fast order execution
- Detailed reporting and analytics
- Free direct mutual fund investments
Latest Data (2025):
- Brokerage: ₹20 per order or 0.03% (whichever is lower)
- Account Opening: ₹200
- AMC: ₹300 per year
- Transaction Charges: 0.002% (commodity futures).
3. Angel One
Angel One is a full-service broker with a strong presence in commodity trading, offering both research and low brokerage.
Why Choose Angel One:
- Flat ₹20 per executed order or 0.25% (whichever is lower)
- Free equity delivery trades
- Research-backed recommendations
Key Features:
- Full-service advisory
- Robust trading platforms
- Free educational resources
Latest Data (2025):
- Brokerage: ₹20 per order or 0.25% (whichever is lower)
- Account Opening: ₹0
- Transaction Charges: MCX 0.002%
4. ICICI Direct (Full-Service Broker)
ICICI Direct is a leading full-service commodity broker in India, offering a wide range of products and research support910.
Why Choose ICICI Direct:
- ₹20 per order for commodity futures and options
- Integrated 3-in-1 account (bank, demat, trading)
- Comprehensive research and advisory
Key Features:
- Premium customer support
- Wide branch network
- Advanced trading tools
Latest Data (2025):
- Brokerage: ₹20 per order (futures & options)
- Account Opening: ₹0 (with select plans)
- Transaction Charges: 0.002% (commodity futures)
5. HDFC Securities (Full-Service Broker)
HDFC Securities is a trusted commodity broker in India, known for its bank-backed security and research.
Why Choose HDFC Securities:
- ₹20 per order for commodity trades
- Strong research and advisory services
- Secure, bank-linked accounts
Key Features:
- Real-time trading on MCX
- Multiple investment products
- 24/7 customer care
Latest Data (2025):
- Brokerage: ₹20 per order
- Account Opening: ₹750
- Transaction Charges: 0.002% (commodity futures)
6. Anand Rathi (Full-Service Broker)
Anand Rathi is a full-service broker offering commodity trading with personalized advisory and a wide product range.
Why Choose Anand Rathi:
- 0.02% brokerage for commodity futures
- Personalized advisory and research
- Wide branch network
Key Features:
- Advanced trading platforms
- Portfolio management services
- No charges on advisory services
Latest Data (2025):
- Brokerage: 0.02% for commodity futures
- Account Opening: Varies by plan
- Transaction Charges: As per MCX rates
7. Motilal Oswal (Full-Service Broker)
Motilal Oswal offers commodity trading with a focus on research and customer support11.
Why Choose Motilal Oswal:
- 0.02% brokerage for commodity futures
- Strong research and advisory
- Advanced trading platforms
Key Features:
- Comprehensive customer support
- In-depth research reports
- Multiple investment options
Latest Data (2025):
- Brokerage: 0.02% for commodity futures
- Account Opening: ₹0
- Transaction Charges: 0.002% (commodity futures)
Comparison Table: Top Commodity Brokers in India (2025)
| Broker | Brokerage (Commodity) | Account Opening | Transaction Charges (MCX) | Key Features |
| Upstox | ₹20/order or 0.05% (lower) | ₹0 | 0.0026% | Flat fee, fast platform |
| Zerodha | ₹20/order or 0.03% (lower) | ₹200 | 0.002% | Kite app, transparent pricing |
| Angel One | ₹20/order or 0.25% (lower) | ₹0 | 0.002% | Research, full-service |
| ICICI Direct | ₹20/order | ₹0* | 0.002% | 3-in-1 account, research |
| HDFC Securities | ₹20/order | ₹750 | 0.002% | Bank-backed, research |
| Anand Rathi | 0.02% | Varies | MCX rates | Advisory, portfolio mgmt |
| Motilal Oswal | 0.02% | ₹0 | 0.002% | Research, customer support |
How to Choose the Best Commodity Broker in India
When picking the best broker for commodity trading in India, consider:
- Brokerage Charges: Lower is better for frequent traders. Flat-fee brokers like Upstox and Zerodha are cost-effective.
- Platform Quality: Look for a broker with a fast, reliable mobile and web platform.
- Full-Service vs. Discount: Full-service brokers offer advisory and research, while discount brokers focus on low costs.
- Product Range: Ensure access to MCX and NCDEX, plus other investment options.
- Support: Responsive customer care is crucial for resolving issues quickly.
- SEBI Registration: Always choose a SEBI-registered broker for safety.
FAQs: Best Broker for Commodity Trading in India
Which is the best broker for commodity trading in India?
What are the brokerage charges for commodity trading at Upstox?
Do full-service brokers offer commodity trading?
Is commodity trading safe in India?
Trading with a SEBI-registered broker is safe. Always check the broker’s credentials before opening an account1.
Can I trade commodities online?
Which broker has the lowest commodity trading charges?
What is the minimum amount needed to start commodity trading?
Are there any hidden charges in commodity trading?
Can I open a commodity trading account online?
Conclusion
Choosing the best broker for commodity trading in India is vital for successful trading. In 2025, Upstox stands out with its flat ₹20 per order pricing, zero account opening charges, and robust online platform. Whether you want low fees, speed, or strong support, Upstox delivers across the board. Compare your options, use the latest data, and pick the broker that fits your trading style.
Ready to trade commodities with confidence? Open your free Upstox account today and start your journey with India’s leading commodity broker!
