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Upstox is a popular broker for those looking to trade commodities at low brokerage fees. Its easy-to-use platforms, free upstox commodity account opening, and flat brokerage at Rs 20 per order make Upstox a favorite choice. If you want to start commodity trading in Upstox, this guide will walk you through everything you should know.
Commodity trading involves buying and selling futures and options contracts. Upstox allows its customers to trade in commodity derivatives on MCX and NSE. Some common commodities for trading include:
Check below commodity trading charges in Upstox, including commodity account opening charges and brokerage charges.
No charges, Yes! You can open free commodity account in Upstox at Rs 0 charges. Though the trading account opening is free, but charges Rs 300 annual maintenance fee on Upstox demat account.
Upstox charges a fixed brokerage on equity and commodity trading.
MCX Exchange transaction charges
On MCX trading in Upstox, the exchange will charge a fee on trading in commodity futures & options.
Exchange transaction charges on commodities traded on NSE
Additional charges include commodity transaction tax (CTT), stamp duty, and GST will be charged.
If you’ve commodity account in Upstox, you can trade commodities using its app or website. Follow these steps:
Don’t open Upstox commodity account yet, open it now. The process is straightforward, check below.
To trade commodities, you must have Upstox trading and demat account with the commodity segment activated. Well, the process is so simple:
If you already have Upstox equity trading account, simply activate commodity segments without revisiting the entire process. Here’s how to activate commodity trading in Upstox:
Trading commodities with Upstox has many advantages. Low brokerage charges coupled with easy interface and powerful tools make Upstox ideal for beginners and experienced traders alike. With the right knowledge and Upstox’s platform, you can tap into the commodity market effortlessly.
Yes, Upstox provide commodity trading on MCX and NSE. In Upstox, you can trade commodities in both intraday and delivery options. Intraday trading means buying and selling commodity contracts on the same day whereas delivery trading means holding commodities in your demat account and then sell them.
To trade in commodities, first, ensure you have opened a commodity trading account in Upstox.
Upstox offers a flat fee of Rs 20 per order on commodity trading on MCX.
You can add funds to your Upstox account via your App and Web platform. To add the funds to your commodity account, follow the below steps.
Through UPI, funds will reflect instantly. However, it will take through 1-10mins for net banking, 30Mins for IMPS, and 3-4 working hours for NEFT/RTGS transfers, respectively.
You can add money instantly in real-time to the Upstox Commodity Trading Account using UPI. Here is the complete process to add funds to the commodity account in Upstox;
The brokerage charges of UPSTOX are lesser than most brokers in the industry. For Futures trading in commodities the brokerage, the charge is Rs. 20 per executed order or 0.05% (whichever is lower). For trading in commodity Options, the brokerage charges are Flat at Rs. 20 per executed order.
No, there are no hidden charges in opening a Upstox commodity account. You must pay an account opening charge of 200 Rs inclusive of all taxes. The brokerage charge for trading MCX futures is 0.05% or 20 Rs, whichever is lower per executed order. For MCX options, the brokerage charge is Flat Rs 20 per executed order.
While performing commodity trading with Upstox, you can have the following benefits:
You can withdraw funds directly from the Upstox commodity account through the Upstox Pro app. Here is the process to withdraw funds from the Upstox account;
