Are you searching for the best Commodity Broker in India (Full-Service Brokers) but feeling confused by all the options? Whether you’re a beginner or a seasoned trader, choosing the right broker can make or break your trading journey. This guide will help you understand everything about full-service commodity brokers, highlight the top picks for 2025, and show you why Upstox stands out as the top choice for Indian traders.
Introduction
Have you ever wondered why some traders consistently succeed in commodities while others struggle? The answer often lies in their choice of broker. The right Commodity Broker in India (Full-Service Brokers) offers not just a trading platform, but also expert research, advisory, and seamless support. In a market regulated by SEBI and evolving rapidly, picking a reliable broker is crucial for safety and growth.
This article is formed by financial experts and draws on the latest industry data, competitor analysis, and regulatory updates. We’ll break down the top full-service commodity brokers, compare their features, and answer your pressing questions in simple language that’s easy to understand.
Top 7 Commodity Brokers in India (Full-Service Brokers) for 2025
Below are the leading full-service brokers offering commodity trading in India. Each broker is evaluated based on platform features, research quality, customer support, and pricing.
1. Upstox (Our Top Pick)
Product Introduction
Upstox is a leading name in India’s commodity trading landscape, known for its robust technology, transparent pricing, and user-friendly app. It offers a unified platform for trading commodities, stocks, derivatives, mutual funds, and IPOs in one place.
Why Choose Upstox?
- Low Brokerage: Trade commodities at just ₹20 per order (futures & options).
- Zero Account Opening Charges: Open your demat and trading account online, paperless, and free.
- Fast Onboarding: Same-day account activation for instant trading.
- Advanced Tools: Access to Options Chain, Strategy Builder, Trade from Charts, and TV Terminal for technical analysis.
- All-in-One Platform: Manage stocks, derivatives, IPOs, and commodities seamlessly.
Key Features
- Trade commodities on MCX with real-time data.
- Free access to advanced charting tools and technical indicators.
- Dedicated customer support via call, chat, and email.
- Regular webinars and educational resources for traders.
Pros & Cons
| Pros | Cons |
|---|---|
| Flat ₹20 brokerage per order | No offline branches |
| Free demat account opening | Research limited to online |
| Fast, paperless onboarding | |
2. Sharekhan
Product Introduction
Sharekhan is a well-established full-service broker with a strong presence in commodity trading. It offers powerful desktop, web, and mobile platforms, along with research-backed strategies and customer support.
Why Choose Sharekhan?
- Free research and recommendations.
- Teacher-led learning modules for beginners.
- Call-and-trade facility for convenience.
Key Features
- Trade commodities on MCX from 9 am to 11:55 pm.
- Access to both fundamental and technical calls.
- Customer support and educational resources.
Pros & Cons
| Pros | Cons |
| Strong research and advisory | Higher brokerage charges |
| Multiple trading platforms | Account opening charges |
| Offline branches available |
3. ICICI Direct
Product Introduction
ICICI Direct is a trusted name in the Indian financial sector, offering commodity trading alongside equities, F&O, and more. It is known for its research advisory and seamless integration with ICICI Bank accounts.
Why Choose ICICI Direct?
- Trade commodities like gold, silver, crude oil, and agri-products.
- Detailed research reports (daily, weekly, monthly).
- Integrated 3-in-1 account for easy fund management.
Key Features
- Trade on MCX with advanced risk management.
- Access to research and advisory services.
- Secure and regulated by SEBI.
Pros & Cons
| Pros | Cons |
| Trusted brand and secure platform | Higher brokerage (0.3–0.5%) |
| Comprehensive research | Account opening charges |
| 3-in-1 account convenience |
4. FYERS
Product Introduction
FYERS is a modern fintech broker offering a single margin account for trading both commodities and equities. It is popular among tech-savvy traders.
Why Choose FYERS?
- Single margin accounts for all segments.
- Margin up to 3X on MIS orders.
- User-friendly interface.
Key Features
- Trade precious metals, agri-commodities, and energy products.
- No need for a separate commodity account.
- Advanced charting and analytics.
Pros & Cons
| Pros | Cons |
| Single account for all segments | Limited offline support |
| High margin for intraday | Research is basic |
| Modern trading platform |
5. TradePlus
Product Introduction
TradePlus is known for its affordable, flat-fee brokerage plans and online trading facilities across segments.
Why Choose TradePlus?
- Unlimited trading at ₹99/month per segment.
- Flexible brokerage plans starting at ₹9/order.
- Online-only, cost-effective model.
Key Features
- Trade commodities, equities, currencies, and more.
- Direct mutual fund and IPO investments.
- User-friendly web and mobile platforms.
Pros & Cons
| Pros | Cons |
| Lowest brokerage plans | Limited research/advisory |
| Multiple investment options | No offline branches |
| Easy online account opening |
6. Angel One
Product Introduction
Angel One is a leading full-service broker with a strong presence in both online and offline channels. It offers commodity trading, research, and advisory services.
Why Choose Angel One?
- Comprehensive research and advisory.
- Multiple trading platforms (web, app, desktop).
- Large network of branches.
Key Features
- Trade all major commodities on MCX.
- Personalized relationship manager for premium clients.
- Regular market updates and reports.
Pros & Cons
| Pros | Cons |
| Strong research and advisory | Brokerage is higher than discount brokers |
| Multiple platforms and branches | Account opening charges |
| Good customer support |
7. HDFC Securities
Product Introduction
HDFC Securities is another trusted full-service broker, offering commodity trading with the benefit of HDFC Bank integration.
Why Choose HDFC Securities?
- Integrated 3-in-1 account.
- Research-backed recommendations.
- Secure and regulated.
Key Features
- Trade commodities, equities, and more.
- Access to research reports and advisory.
- Offline and online support.
Pros & Cons
| Pros | Cons |
| Trusted brand | Higher brokerage |
| Integrated account | Account maintenance charges |
| Research and advisory |
Comparison Table: Top Commodity Broker in India (Full-Service Brokers)
| Broker | Account Opening | Brokerage (Commodity) | Research & Advisory | Trading Platforms | Offline Support |
| Upstox | Free | ₹20/order | Limited | Web, App, Desktop | No |
| Sharekhan | Charges apply | 0.3%–0.5% | Strong | Web, App, Desktop | Yes |
| ICICI Direct | Charges apply | 0.3%–0.5% | Strong | Web, App, Desktop | Yes |
| FYERS | Free | ₹20/order | Basic | Web, App | No |
| TradePlus | Free | ₹9/order or ₹99/mo | Basic | Web, App | No |
| Angel One | Charges apply | 0.3%–0.5% | Strong | Web, App, Desktop | Yes |
| HDFC Securities | Charges apply | 0.3%–0.5% | Strong | Web, App, Desktop | Yes |
How to Choose the Best Commodity Broker in India (Full-Service Brokers)
When selecting a Commodity Broker in India (Full-Service Brokers), consider the following factors:
- Brokerage Charges: Compare flat fees and percentage-based charges.
- Account Opening & Maintenance: Look for free or low-cost options.
- Research & Advisory: Essential for beginners and those needing expert guidance.
- Platform Features: Advanced tools, real-time data, and ease of use.
- Customer Support: Availability of call, chat, and offline support.
- Regulation & Security: Ensure the broker is SEBI-registered and follows strict compliance.
- Additional Services: Margin trading, educational resources, and integrated accounts.
Frequently Asked Questions (FAQs)
What is a full-service commodity broker?
A full-service commodity broker offers trading, research, advisory, and customer support for commodities and other financial products.
How is Upstox different from other brokers?
Upstox offers flat ₹20 brokerage, free account opening, advanced trading tools, and a unified platform for all asset classes.
Are full-service brokers better than discount brokers?
Full-service brokers provide research and advisory services, while discount brokers focus on low-cost trading. Choose based on your need for guidance and support.
Is commodity trading regulated in India?
Yes, SEBI regulates commodity trading to ensure fairness, transparency, and investor protection.
What are the trading hours for commodities?
Commodity trading is allowed Monday to Friday, typically from 9 am to 11:55 pm.
Do I need a separate account for commodity trading?
Most brokers offer a combined account for equities and commodities, but check with your broker for details.
What are the charges for commodity trading?
Charges include brokerage, transaction fees, and regulatory charges. Upstox charges a flat ₹20 per order for commodities.
Can I trade commodities online?
Yes, all leading brokers offer online platforms for commodity trading.
Which broker is best for beginners?
Upstox is recommended for beginners due to its easy onboarding, low fees, and educational resources.
How do I open a commodity trading account?
You can open an account online by submitting KYC documents and completing the verification process. Upstox offers instant, paperless account opening.
Conclusion
Choosing the right Commodity Broker in India (Full-Service Brokers) can significantly impact your trading success. While there are several reliable brokers, Upstox leads the pack in 2025 with its affordable pricing, advanced technology, and seamless trading experience. Whether you’re just starting or looking to upgrade your trading journey, Upstox offers a powerful, user-friendly platform for all your commodity trading needs.
Ready to start trading? Open your free account with Upstox today and experience the difference!
Pro Tip: Always compare brokerage, platform features, and support before making your final choice. The right broker is your partner in achieving trading success!
Share your experiences or questions in the comments below!
