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In January 2018, 5paisa Capital Ltd was granted with the MCX membership to provide a commodity trading platform to customers, and later in March 2019, the broker started offering commodity trading. Clients can trade-in commodity derivatives with 5paisa through an All-in-one account. Thus, commodity trading with 5paisa doesn’t require opening a separate commodity trading account as if you already have a demat and trading account with the broker then, you just need to activate the MCX segment for online commodity trading without bearing any additional charges. You can open a 5paisa Commodity Trading Account and trade-in commodities at a flat brokerage fee. On this page, check the comprehensive review of the 5paisa Commodity Trading Account along with the brokerage charges, account opening process, margin, and others.
Futures & Options are the instruments to trade-in the commodity segment. 5paisa offers trading across various commodities such as Gold, Silver, Zinc, Copper, Crude oil, and others.
Commodity trading with 5paisa comes with following set of features;
To trade-in commodities, there is no separate 5paisa commodity trading account and one just needs to open a 5paisa All-in-1 Account. The account opening process for new as well as existing clients is explained here as under:
Commodity trading with 5paisa requires an All-in-one Investment Account through following these steps;
However, if you’ve already opened a demat and trading account with 5paisa, then you just need to activate the MCX segment. The process to activate commodity segment by existing 5paisa customers is listed below:
If you don’t want to open an account online, then the offline process can be followed. To do this, you require to download the 5paisa account opening form, fill the form, sign it, and send it to the broker’s registered address.
Unlike other discount brokers who provide a separate commodity trading account, 5paisa only offers two types of accounts – All-in-one account and Free Mutual Fund Account. All-in-one investment account, as the name implies, is an account to trade-in all segments such as equity, futures & options, commodity, currency, etc. Thus, if you want to trade on MCX then, you have to open an All-in-1 account. Thus, the discount broker doesn’t levy any additional commodity trading account opening charges.
Likewise, all other products i.e. equity, derivatives, currency, etc., the discount brokerage house charges a flat brokerage fee for the commodity trading segment as well. However, if you want to trade at even low cost then, you can subscribe to monthly brokerage plans. Check here various brokerage plans available with 5paisa;
The 5paisa commodity trading is a 3 step procedure that is explained below;
Clients can place MIS and NRML orders in commodities but currently, the online discount broker doesn’t facilitate bracket order and cover order in the MCX segment.
One can trade in current, near, and next month contracts with 5paisa but the broker provides exposure for the current month contracts only. The broker provides 2x exposure for intraday futures contracts for current and near month period. However, exposure for delivery futures and options contract is 1x.
All of the trading platforms that are available with 5paisa offers commodity trading.
If you’re facing any issue then you can call the broker’s customer care team to get the issue resolve soon. The customer care details of the brokerage house are provided here as follows:
| S. No. | Particulars | Status |
|---|---|---|
| 1. | 5paisa customer care contact number | 089766 89766 |
| 2. | 5paisa customer support portal | https://www.5paisa.com/login-customersupport |
| 3. | 5paisa customer support Email | [email protected] |
On the above support portal, you can raise a ticket and seek resolution of your query.
If you are an existing customer with 5paisa and want to start trading on MCX, you just need to activate the commodity derivative trading segment at no charges through below steps;
The documents will be verified and the MCX trading will be activated within 24 hours. If you are a new user then you can open an all-in-one investment account to trade in all segments including shares, equity derivatives, commodities, currencies, IPO, and mutual funds.
Yes, 5paisa allow customers to trade in the commodity derivative segment through its membership with MCX. The broker levies flat Rs 20/order brokerage fee on commodity futures & options trading.
If you already have 5Paisa trading and Demat account, you just need to request the activation of the commodity segment on MCX. There is no separate commodity account. It comes with a 5Paisa All-in-one Account with no further charges to activate commodity trading.
As said, you’re an equity investor means you already have a 5paisa demat and trading account. Thus, now, you just need to activate the MCX segment through below steps;
Yes, you can place buy and sell orders in commodities using call & trade facilities. However, unlike other brokers, 5paisa call & trade is not a free service as the brokerage house charges Rs. 100 each call. Clients can call the customer service representative to place orders in the commodity segment.
No, the broker doesn't facilitate BO and CO placement facility in the commodity trading segment on MCX. Customers can only place NRML and MIS orders to trade-in commodities with 5paisa.
5paisa is one of the cheapest full-service discount brokers who charge a flat fee of Rs. 20 per order on MCX trading in futures & options. You can trade at even lower brokerage fee of just Rs 10/order by subscribing to the Power Investor and Ultra Trader plans at fixed monthly charges.
