Best brokers

Best Brokers for Commodity Trading on MCX (2026)

Gold, silver, crude and more: these brokers publish MCX access.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

Brokers that qualify

• 5paisa

  Cost-conscious traders comfortable with a subscription add-on model.

  Delivery: ₹20 per order (flat)
  Intraday: ₹20 per order (flat)
  AMC: ₹25 per month + GST (per official pricing; BSDA conditions apply)

  ✓ MCX commodityFree APIMutual fundsPublished speed

  Charges · Calculator

• Alice Blue

  Price-sensitive algo traders exploring beyond the biggest names.

  Delivery: ₹20 or 2.5% per order (whichever is lower)
  Intraday: ₹20 or 0.05% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ MCX commodityZero AMCFree APIMutual fundsIPO

  Charges · Calculator

• Angel One

  Traders who want flat-fee pricing plus research, or a free multi-language API.

  Delivery: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  Intraday: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  AMC: Free first year, then ₹60 + GST per quarter (non-BSDA)

  ✓ MCX commodityFree APIMutual fundsIPOResearch deskPublished speed

  Charges · Calculator

• Arrow

  Latency-sensitive and professional traders who prioritise order-execution speed.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individual accounts; ₹500/year for non-individual accounts)

  ✓ MCX commodityFree deliveryZero AMCPublished speed

  Charges · Calculator

• Dhan

  Options traders and TradingView users who want modern tooling at flat-fee pricing.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individuals & HUFs)

  ✓ MCX commodityFree deliveryZero AMCFree APITradingViewIPOPublished speed

  Charges · Calculator

• Fyers

  Chart-driven and algorithmic traders who live in TradingView.

  Delivery: ₹20 or 0.3% per order (whichever is lower)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ MCX commodityZero AMCFree APITradingViewIPOPublished speed

  Charges · Calculator

• ICICI Direct

  ICICI Bank customers who want research, advisory and one integrated account.

  Delivery: 0.29% per order on the default MoneySaver plan (lower on prepaid Prime plans)
  Intraday: 0.029% per order on MoneySaver; ₹20 per order with an iValue subscription
  AMC: ₹700 per year (₹300 for iVALUE subscribers)

  ✓ MCX commodityFree APIMutual fundsResearch desk

  Charges · Calculator

• IIFL Securities

  Investors who want a full-service broker with in-house research and wide product coverage.

  Delivery: 0.25% per order (Investor Plan - Online Plus, per official rate card)
  Intraday: 0.025% per order (Investor Plan - Online Plus)
  AMC: Free first year, then ₹250 + GST per year

  ✓ MCX commodityMutual fundsIPOResearch deskPublished speed

  Charges · Calculator

• Kotak Neo (Kotak Securities)

  Kotak Bank customers wanting integrated broking with research.

  Delivery: 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)
  Intraday: ₹10 or 0.05% per order (whichever is lower)
  AMC: Not Disclosed

  ✓ MCX commodityFree APIMutual fundsIPOResearch deskPublished speed

  Charges · Calculator

• Sahi

  Active F&O and intraday traders who want the lowest flat per-order fee and modern charting.

  Delivery: ₹10 or 0.05% per order (whichever is lower)
  Intraday: ₹10 or 0.05% per order (whichever is lower)
  AMC: ₹0

  ✓ MCX commodityZero AMCIPOPublished speed

  Charges · Calculator

• Shoonya (Finvasia)

  High-frequency, cost-obsessed traders who accept a smaller platform.

  Delivery: ₹0 (free equity delivery)
  Intraday: ₹5 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individuals; ₹900 for corporate, trust and LLP accounts)

  ✓ MCX commodityFree deliveryZero AMCFree APIMutual fundsPublished speed

  Charges · Calculator

• Upstox

  Intraday and options traders who prioritise app speed and a free API.

  Delivery: ₹20 per order (flat)
  Intraday: ₹20 or 0.1% per order (whichever is lower)
  AMC: ₹0 first year, then ₹300 + GST per year

  ✓ MCX commodityFree APIMutual fundsIPOPublished speed

  Charges · Calculator

• Zerodha

  Self-directed investors and traders who want low, predictable costs and a stable platform.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: Free first year, then ₹300 + 18% GST per year, billed quarterly (non-BSDA; ₹0 for BSDA holdings under ₹4 lakh)

  ✓ MCX commodityFree deliveryMutual fundsPublished speed

  Charges · Calculator

Next step: narrow it down by cost on the cost leaderboards, or see every feature side by side in the feature matrix.

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