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IIFL Securities Commodity Trading Review 2024

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India Infoline Limited Commodity Trading
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IIFL Securities, one of the renowned name in the Indian brokerage industry is a registered MCX and NCDEX brokerage to offer online commodity trading services to its clients. To start commodity trading on MCX, one has to open an IIFL commodity trading account. The account facilitates users to trade across different types of commodities such as metal, energy, and agriculture commodities. IIFL commodity brokerage charges vary across its different brokerage plans such as Flat Brokerage Plan, Variable Brokerage Plan, and Advanced Brokerage Plan. If you want to start commodity trading with IIFL Securities then scroll down the page further to get the complete information on how to open IIFL commodity trading account, IIFL commodity brokerage, commodity trading margin, IIFL commodity trading software, and more.

IIFL Commodity Trading Account

IIFL Commodity Trading Account can be opened either online or offline. Opening IIFL Commodity Trading Account online is an instant and hassle-free process as users don’t have to go anywhere and complete all the account opening formalities online.

Opening IIFL Commodity Trading Account Online

  • Head to the IIFL website.
  • Sign-up by entering mobile number, email id, and name.
  • Provide personal details, address, and bank account details.
  • Select segments you would like to trade-in.
  • Upload scanned documents like Aadhar card, PAN card, and bank proof, etc.
  • Complete IPV verification process and the IIFL Securities Commodity Trading Account is live.

Opening IIFL Commodity Trading Account Offline

To open a commodity account offline, you have to get the IIFL Commodity Trading Account Opening Form from the website, fill the information, attach documents, and submit it to the broker. If all the details and documents are found appropriate and verified then your commodity account will be opened.

IIFL Commodity Trading Account Opening charges

  • The broker charges a one-time account opening fee of Rs. 500 on IIFL Commodity Trading A/c. Thus, if you want to start online trading in commodities then you have to pay an account opening charge of Rs. 500.

IIFL Commodity Brokerage charges

IIFL has a number of brokerage plans that charges different brokerage charges on commodity trading. Here are the details;

S. No. Particulars Brokerage charges
1. IIFL Investor Plan (Online Plus)
(i) Commodity futures 0.025% or 2.5 paisa
(ii) Commodity options Rs. 10 - Rs.125 per lot
2. IIFL Premium Plan (Dedicated RM)
(i) Commodity futures 0.05% or 5 paisa
(ii) Commodity Options Rs. 15 - Rs.150 per lot
3. IIFL Super Trader Plan (Pro Traders)
(i) Commodity futures 0.015% or 1.5 paisa
(ii) Commodity Options Rs. 5 - Rs.80 per lot

IIFL Commodity Trading Margin

  • Commodity trading is done through futures & options contracts that require margin. It is the minimum balance that a commodity trader must have in his IIFL commodity trading account to trade-in commodity futures & options. IIFL offers up to 3x margin for trading in the commodity futures segment.

IIFL Commodity Trading Platform

All IIFL trading platforms whether IIFL mobile app, IIFL desktop trading software and IIFL web trading platform are available for commodity trading.

  • IIFL Markets App: The IIFL Markets mobile app is available for both Android and iOS devices and facilitates online trading on multiple exchanges i.e. BSE, NSE, and MCX. The IIFL mobile app allows users to place online commodities buy and sell orders, track their commodity portfolio anytime, price alerts, free trading tips, access advanced charting, etc.
  • IIFL Trader Terminal Web: The web-based online trading platform can be accessed on any supported browser through a laptop, mobile phone, and desktop. Users just need to do commodity login on IIFL TT Web and start MCX trading.
  • IIFL Trader Terminal: This is the IIFL desktop trading software that can be downloaded on desktop or laptop. Advanced charting and technical analysis are the key features available on the IIFL commodity trading software.

IIFL Commodity Research

IIFL in-house research team provides regular commodity market reports to keep users updated with the commodity market happenings.

  • IIFL Commodity Mantra: Daily morning newsletter
  • IIFL Commodity Weekly Report
  • IIFL Evening Commodity Update

IIFL Commodity Trading Pros

  • Online commodity trading on IIFL trading software, IIFL website, and IIFL markets mobile app.
  • Feasibility to select various brokerage plan.
  • Get upto 3x margin on IIFL commodity trading.
  • Instant online IIFL commodity trading account opening.
  • Free IIFL commodity research
  • Commodity trading tips
  • 24*7 voice message customer service.

IIFL Commodity Trading Cons

  • High brokerage charges
  • NRIs can’t trade-in commodity futures & options.

IIFL Commodity Customer Care

If you face any issue with IIFL commodity trading then you can get-in-touch with the IIFL commodity customer care team.

S. No. Particulars IIFL Commodity customer support
1. IIFL Commodity Customer Care Number 18602673000
2. IIFL Commodity Customer Care E-mail [email protected]

You can also get 24*7 voice message services even after office hours or visit any of the IIFL branches to resolve your commodity trading query offline.

Request call back from IIFL Securities

Reference Topics

IIFL Commodity Trading


The commodity trading account by IIFL allows commodity trader to trade-in below products;

  • Metal: Gold, Silver, copper, Nickel, and other.
  • Energy: Natural gas, crude oil, gasoline, etc.
  • Agriculture: Wheat, beans, rice, etc.


Yes, one can open IIFL Securities Commodity Trading account online. The online process is speedy and saves users time. Here is the process to open IIFL Commodity A/c online;

  • Go to the IIFL Securities website.
  • The complete the sign-up process by filling in basic details like mobile. no., e-mail, etc.
  • Enter personal details, address, and bank details.
  • Select trading segments, don’t forget to add a commodity trading option.
  • Upload address proof, PAN card, aadhar card, canceled cheque as a bank proof, etc.
  • Later, a welcome kit will be sent to your registered email that contains a commodity trading account user ID and password.


Yes, IIFL offers both the online as well as offline commodity account opening service. Here is the step-by-step process to open IIFL commodity trading account offline;

  • Visit the IIFL Securities website.
  • Go to “Download Form Format” and get the commodity account opening form.
  • Take a printout and fill all the details in the form.
  • Attach mandatory documents to the form.
  • Submit the form to any of the nearest IIFL branches.

IIFL Commodity Trading Account Opening Form


Yes, IIFL Securities being a full-service broker has an in-house research team that offers free commodity research and commodity trading tips to its customers.


If you have only opened IIFL equity account and not opened a commodity trading account. Then you have an option to activate the commodity trading segment too through the below process;

Steps to activate IIFL Commodity Trading

  • Visit the IIFL Securities website.
  • Go to the “Download Form Format”.
  • Download the “Segment Activation Form” and get print out.
  • Select the commodity futures & options segment and enter client code, first holder name, etc.
  • Sign the Segment Activation Form.
  • Attach income proof i.e. ITR acknowledgment, salary slip, net worth certificate, form-16, etc.
  • Send the form to the broker.

Once the broker receives the form and verifies it, later the commodity trading segment will be activated.

IIFL Commodity Trading Segment Activation Form


Last Updated on 2023-09-14