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Commodity Trading by ICICI direct 2024

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ICICI Securities Pvt Ltd. Commodity Trading
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ICICI direct allows traders to trade commodities. Once you enable commodity trading in ICICI direct, you can trade commodities such as: Gold, Energy, Metals, etc. ICICI direct's mobile app and web-based trading platforms provide its users with commodity trading facility for a flat brokerage fee of just Rs 20 per order. ICICI direct provides reports and research based stock recommendations to its users so that they can easily trade in commodity segment and other segments.

ICICI direct Commodity Trading Charges

ICICI direct charges a flat brokerage fee of Rs 20 for trading in commodities. In addition, GST, CTT (Commodity Transaction Tax), SEBI sales tax, transaction charges and stamp duty are levied through the brokerage. After paying all these brokerage and taxes, traders can successfully place their orders.

Open Commodity Account in ICICI direct

At ICICI direct, there is no need to open a separate account for commodity trading. If you have an ICICI direct 2-in-1 or 3-in-1 account, you can start commodity trading by activating the commodity trading section. If you do not have an ICICI direct account, you can open an account either through the ICICI direct online platforms or at an ICICI branch.

Activate Commodity Trading With ICICI Direct

The activation process for commodity trading at ICICI direct is very simple. You just need to follow the given procedure to activate commodity trading:

  •  Visit the website and log in.
  •  Now go to the commodities section and accept the terms and conditions.
  •  Log in to MCX (Mutli Commodity Exchange) for verification.
  •  Once your details are verified, you can place orders for commodities.

ICICI Direct Commodity Trading Process

Commodity Trading Process in ICICI DirectCommodity trading through icicidirect is quite simple. First you need to activate your commodity trading option and then follow the steps below to start trading in the commodity market :-

  • Visit the website and log in there.
  • Go to the commodities section and select a commodity from the commodity list.
  • Find out the price of that commodity by going to the "Margin Calculator".
  • Set the call or put option, expiration date and lot size to get the required funds for this underlying.
  • Now you can place the commodity order on the "Margin Calculator" page.
  • If your trading account has the required coverage, the order will be placed, otherwise, you still need to allocate funds.
  • After you have placed an order, you can check the order in the order book

ICICI direct Commodity Trading Demo Video

Learn commodity trading more easily with this demo video provided by the ICICI direct

ICICI direct Commodity Trading Platforms

To make trading easy and understandable, ICICI direct has introduced a state-of-the-art trading platform for its clients.

  1. ICICI direct web based trading platform
  2. Idirect or icicidirect mobile app
  3. ICICI direct Trade Racer

Benefits Of Commodity Trading

  1. Commodity trading serves as a hedge against inflation.
  2. High liquidity and return
  3. Diversification of the portfolio
  4. Low capital requirements and transaction costs
  5. Limited risk for the buyer.
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Yes, ICICI direct offers trading in commodities in both futures and options segments.


ICICI direct charges a brokerage of Rs 20 per order for a commodity option. Apart from this brokerage fee, government taxes are also levied on the brokerage fee which are listed below:

  • GST
  • CTT (Commodity Transaction Tax)
  • SEBI sales tax
  • Transaction charges
  • Stamp duty


Commodity margin is a minimum amount required to trade or invest in the commodity market. It can be considered as a security that enables a trader to trade in commodities.


Timing of commodity trading at ICICI direct is defined as MCX trading hours from Monday to Friday between 9:00 am and 11:30 pm.


If you want to activate a commodity account with ICICI direct, you should fulfil the following requirements:

  • Your ICICI bank account is linked with ICICI direct for more than 6 month.
  • If you do not have ICICI bank account and it is linked with other bank account, you must have more than Rs 5000 in ICICI demat account.
  • Now you have to accept the terms and conditions for commodity trading.

Once your details are verified by MCX, the commodity trading activation process is complete.


Last Updated on 2023-09-14