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Angel One, being a registered trading member of commodity exchanges – Multi Commodity Exchange (MCX) and National Commodity and Derivative Exchange (NCDEX) allows trading in commodity segment. To trade-in commodities with Angel One, the broker mandates investors to open a Commodity Trading Account.Notably, the brokerage house only facilitates residents and not NRIs to trade-in commodity market. Prior to opening a commodity account, you must be familiar about the commodity trading process. There are mainly two derivative products - futures & options to start trading in commodities. The former gives the right to buy or sell a specific amount of commodity at a predetermined future date whereas options gives the right but not the obligation to buy or sell a specified commodity at a future date. At Angel One, you can also access regular market updates on commodity market and commodity research reports to trade successfully.
The full service broker offers trading in various kinds of commodities that are listed below:
The first question is that why to choose Angel One to trade-in commodities segment, then its justification is provided below:
As mentioned earlier, that commodity trading with Angel One in products such as precious metals, minerals, agriculture, etc. requires a Commodity Trading Account.
To open a commodity trading account online with Angel One, same steps while opening a trading account requires to be followed with an only key point that is you’ve to select the commodity trading segment as well.
If you are an existing customer and already have a demat and trading account with the broker, then you just need to activate the commodity trading segment to start online trading in commodities. It requires several steps to be followed, provided below:
Angel One has a widespread geographical presence through branches, sub brokers and PAN India presence across 900+ cities all over the country from where the broker serves offline services to their customers. To open a commodity trading account offline, you can visit the nearest branch, fill necessary physical forms, sign it and submit it by attaching required documents. The team will verify the documents and details provided in the form and if everything seems perfect, then the account will be opened.
The full-service broker provides the segment activation request form online on its website in the pdf form. To download it, users can visit its official website and under the “Important documents”, all the forms are available. To get the form, you have to provide your name and e-mail, and then, the broker will send the requested form on your respective mail address.
The broker necessitates clients who wish to trade in commodities to open a Commodity Trading Account with Angel One. However, there are no additional charges on the same, as clients just have to open a 2-in-1 account; demat and trading account and activate commodity segment to trade on MCX.
To trade in commodity derivative segment, along with the other documents, the broker also demands an income proof and therefore, client has to provide any of the below documents as a financial proof along with the segment activation request form.
Angel One has a discount brokerage plan, called “Angel iTrade Prime”, that charges a fixed brokerage fee to trade across different segments. As per the plan, trading in commodity segments on MCX is charged at a flat fee of Rs. 20 per executed order.All customers are levied with a fixed brokerage charges regardless the volume of trading. Thus, there is no percentage based brokerage plan exist, under which, brokerage increases with the trading volume or vice-versa.
All trading platforms including online trading website, mobile trading application, and application based software allows commodity trading services.
The broker facilitates customers to call the customer service desk and let them know your trading requirement, as per your order, the representative will place buy and sell order on your behalf. It is noteworthy that call & trade services at Angel One is not free and charged at Rs. 20 per order.
If you find any sort of difficulty while trading in commodities, then you can connect with the broker through the following ways:
| S. No. | Angel One helpline desk | Number |
|---|---|---|
| 1. | Angel One customer care number | 022-33551111/022-42185454 |
| 2. | Angel One customer care Email | [email protected] |
Yes, Angel One is a registered active trading member of MCX and NCDEX commodity exchange in India to facilitate customers to trade in different commodities including metal (i.e., gold, silver, etc.), agri commodities, and others. To trade on MCX, traders have to open a commodity trading account with Angel One or if you are an existing account holder then you just have to activate the commodity trading segment. Angel One does not charge any additional fee on the MCX trading account, and charges a maximum of Rs 20 per executed brokerage fee.
A customer can open a commodity trading account with Angel One online by filling in all the details online and uploading the required documents as valid proof.
Steps to open a commodity trading account in Angel One;
Once you have placed the segment activation request to the broker, you will immediately receive an email and SMS from the broker to acknowledge the activation request. The customer executive team will verify the income proof and other details and approve the commodity segment activation request within 24-48 hours in your profile.
Angel One is a full-service broker that offers online trading at a flat discount brokerage plan. The brokerage house charges a lower of Rs 20 per order or 0.25% on trading in commodities. It also provides daily, weekly, and monthly commodity research reports to clients.
