Are you searching for the top stock brokers in India to trade commodities at the lowest cost? With so many options, finding the right stockbroker can be confusing. High brokerage fees, slow platforms, and poor customer service can drain your profits and energy. But what if you could trade commodities with a reliable share broker that offers low charges, powerful tools, and excellent support?
.We compare their features, pricing, and pros and cons-so you can choose the best fit for your trading needs. Whether you are a beginner or an experienced trader, this guide simplifies will your decision.
Why Choosing the Right Commodity Discount Broker Matters
Many traders lose money not just because of market risks, but also due to high brokerage fees, hidden charges, and unreliable platforms. Picking the wrong stockbroker can mean missed opportunities, technical glitches, and poor customer support.
Imagine placing a trade during high volatility, only to face platform downtime or delayed execution. Or, seeing a big chunk of your profits eaten up by brokerage fees. These issues can frustrate even the most patient traders.
The right commodity discount broker offers low-cost trading, robust platforms, and responsive support. This means you keep more of your profits, trade confidently, and focus on what matters-growing your wealth.
The commodity broker companies are classified into two categories:
- Commodity Discount Brokers
- Commodity Full-service Brokers
Top Commodity Discount Brokers in India 2025
Here’s our expert list of the top stock brokers in India for commodity trading, based on active clients, charges, features, and user experience. Upstox leads the list for its affordable pricing, easy-to-use platform, and excellent customer support.
Comparison Table: Top Commodity Discount Brokers in India 2025
| Broker | Account Opening Fee | Commodity Brokerage | Platform Strength | Customer Base (2025) |
|---|---|---|---|---|
| Upstox | Free | ₹20/order or 0.05% | Excellent | 4+ lakh |
| Zerodha | ₹200 + GST | ₹20/order or 0.03% | Excellent | 10+ lakh |
| Angel One | Free | ₹20/order | Good | 38+ lakh |
| Groww | Free | ₹20/order | Very Good | Data NA |
| 5paisa | ₹300 + GST | ₹20/order | Good | Data NA |
1. Upstox
Product Introduction
Upstox is one of the fastest-growing discount brokers in India, trusted by over 27 lakh active clients. It offers seamless trading in commodities, equities, derivatives, and more, all through a user-friendly app and web platform.
Why Choose Upstox?
- Low Brokerage: Flat ₹20 per executed order or 0.05% (whichever is lower) for commodity trades.
- Zero Account Opening Charges: Start trading commodities without upfront fees.
- Fast Account Opening: Digital onboarding lets you start trading in minutes.
- Powerful Platforms: Trade on mobile or web with advanced charting and order types.
- Responsive Support: Multi-channel customer care with quick response times.
- Wide Asset Access: Trade stocks, mutual funds, IPOs, and more from one account.
Key Features
- Flat brokerage across all segments
- No hidden charges
- Biometric and QR code login for extra security
- Free educational resources for new traders
- Regular platform updates for better speed and reliability
Pros & Cons
| Pros | Cons |
|---|---|
| Low, transparent brokerage | No free equity delivery (₹20 per trade) |
| Fast and easy account opening | Some advanced features may require learning |
| Robust mobile and web platforms | No local branch support (fully online) |
| Strong customer support | Research and advisory services are limited |
2. Zerodha
Product Introduction
Zerodha is India’s largest stockbroker with over 79 lakh active clients. It pioneered the discount broking model and offers trading in commodities, equities, F&O, and more.
Why Choose Zerodha?
- Zero Brokerage on Delivery: No charges for delivery-based trades.
- Flat ₹20 for Commodities: Pay the lower of ₹20 or 0.03% per trade.
- Advanced Platforms: Kite for trading, Coin for mutual funds, Varsity for learning.
- Innovative Tools: Access to Sensibull, Streak, and more for smart trading.
Key Features
- User-friendly interface with 100+ technical indicators
- Comprehensive educational content
- Large active client base and high trust
Pros & Cons
| Pros | Cons |
|---|---|
| Zero delivery brokerage | ₹200 + GST account opening fee |
| Advanced charting tools | No free call & trade facility |
| Wide range of investment products | No personalized advisory |
3. Angel One
Product Introduction
Angel One is a top sharebroker with over 38 lakh active clients. It offers commodity trading on MCX and NCDEX, along with equities and derivatives.
Why Choose Angel One?
- Flat ₹20 per order: Simple, transparent pricing for all segments.
- Free Account Opening: No charges to start trading commodities.
- Robust Platforms: Angel One app and web for easy trading.
Key Features
- Free research and trading tips
- Fast order execution
- Good customer service
Pros & Cons
| Pros | Cons |
|---|---|
| Free account opening | Some reports of app lags during high volatility |
| Research support | Brokerage is not the lowest in the industry |
| Full-service broker features |
4. Groww
Product Introduction
Groww started as a mutual fund platform and quickly became a leading discount broker for stocks and commodities. It is known for its simple, modern app.
Why Choose Groww?
- Flat ₹20 per trade: Consistent, low pricing for all segments.
- Zero Account Opening Fee: Get started for free.
- Intuitive Platform: Especially suited for beginners.
Key Features
- Clean, easy-to-use app
- Fast onboarding process
- Good educational content
Pros & Cons
| Pros | Cons |
|---|---|
| User-friendly interface | Limited advanced trading features |
| Free account opening | No in-depth research tools |
| Transparent charges | Newer to the commodities segment |
5. 5paisa
Product Introduction
5paisa is a popular discount broker with a variety of investment products and a flat fee structure.
Why Choose 5paisa?
- Flat ₹20 per trade: Uniform pricing for commodities and other segments.
- Multiple Investment Options: Stocks, mutual funds, insurance, and more.
Key Features
- Fast digital account opening
- Research and investment ideas for users
Pros & Cons
| Pros | Cons |
|---|---|
| Affordable trading | ₹300 + GST account opening fee |
| Multiple investment products | Customer support can be slow at times |
| Good for DIY investors |
Discount Vs Full-Service Commodity Brokers
Comparison of commodity discount and full-service brokers:
| Feature | Discount Broker | Full-Service Broker |
|---|---|---|
| Online Trading | Yes | Yes |
| Offline Branch | No | Yes |
| Trading Advisory | No | Yes |
| Personal RM | No | Yes |
| Broker Assisted Trade | Yes (extra cost) | Yes |
| Brokerage Fees | Very low (flat fee, e.g., ₹20/trade) | High (percentage of transaction value) |
| Trading Platforms | Free mobile, web, and desktop platforms | Free mobile, web, and desktop platforms |
| Best For | Cost-conscious, self-directed traders | Investors needing advice & personalized care |
How to Choose the Best Commodity Discount Broker
When selecting a top stockbroker for commodities, consider these factors:
- Brokerage Charges: Lower fees mean higher profits.
- Account Opening & AMC: Look for free or low-cost options.
- Platform Reliability: Fast, user-friendly apps and websites are crucial.
- Customer Support: Quick, helpful responses save time and stress.
- Product Range: More asset classes give you flexibility.
User Reviews: Check ratings and feedback from real users.
Frequently Asked Questions (FAQs)
Who are the top commodity discount brokers in India for 2025?
Upstox, Zerodha, Angel One, Groww, and 5paisa are among the top picks for commodity trading.
Which broker offers the lowest brokerage for commodity trading?
Upstox and Zerodha both offer flat ₹20 per trade or a small percentage, whichever is lower.
Is account opening free with these brokers?
Upstox, Angel One, and Groww offer free account opening. Zerodha and 5paisa charge a small fee.
Can I trade commodities on mobile?
Yes, all top brokers provide robust mobile trading apps for commodities and other segments.
Do these brokers provide research and tips?
Angel One and 5paisa offer research support. Upstox and Zerodha focus more on trading tools and education.
Which broker is best for beginners?
Groww and Upstox are known for their easy-to-use platforms, making them ideal for beginners.
Are there any hidden charges?
Top discount brokers are transparent about their charges. Always check their fee schedule before opening an account.
Can I open an account online?
All major brokers offer 100% digital account opening for quick onboarding.
Which broker has the largest client base?
Zerodha has the largest active clients, followed by Angel One and Upstox.
Do I need a separate account for commodities?
Most brokers offer a unified account for stocks and commodities, but check with your broker during onboarding.
Conclusion: Choose the Right Commodity Discount Broker for Your Needs
Selecting the right commodity discount broker can make a big difference in your trading journey. Upstox stands out as the top choice for 2025, offering low brokerage, a user-friendly platform, and excellent support with zero account opening charges. Zerodha, Angel One, Groww, and 5paisa are also strong contenders, each with unique strengths.
Ready to start trading commodities with the best? Open your free Upstox account today and experience hassle-free, low-cost trading. Have questions or want to share your experience? Drop a comment below.
