FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Upstox Commodity Trading 2024

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Upstox Commodity Trading
Open Instant and Online account with Upstox in 15 mins.
Free Demat + Trading Account + Rs 1000 credit for first 30 days.

Upstox is a member of MCX that offers online commodity trading services to customers. Customers can open a Upstox commodity trading account online and start trading on MCX at a flat Rs. 20 per order brokerage. Commodity account in Upstox allowed customers to trade in gold, silver, copper, zinc, oil, and others. The broker charges Rs. 150 commodity trading account opening fee while trading account AMC is free. Upstox Pro is a single platform offered by the broker to trade in multiple commodities. Users can trade in commodities on the Upstox Pro web and mobile app platform.

Upstox Commodity Trading Charges

Commodity Trading Account Opening Fee Rs. 150
Commodity Trading Account AMC Free
Commodity Futures Brokerage ₹20 per executed order or 0.05% (whichever is lower)
Commodity Options Brokerage Flat ₹20 per executed order

Upstox Commodity Trading Account Opening Process

Commodity account in Upstox can be opened online or offline. You can open a commodity account instantly within a few minutes in a hassle-free manner. However, offline is a paperless or traditional process.

Open Upstox Commodity Account Online

  1. Go to the Upstox website and click on the “Create Account” option.
  2. Enter e-mail and mobile number to complete the “Sign up” process.
  3. Enter PAN card and DOB as per PAN card.
  4. Select trading segment i.e. equities, futures & options, commodities, and currency.
  5. Make a payment of the account opening fee.
  6. Upload scanned documents like aadhaar card, signature, etc.
  7. Complete the Aadhaar based e-sign process.
  8. Once all the details are verified, the Upstox team will send account login credentials i.e. user ID and password on the registered e-mail.

Open Instant Upstox Commodity Account Now!

Open Upstox Commodity Account Offline

  1. Get the commodity account opening form.
  2. Download, take a print out and fill out the form.
  3. Attach all the necessary documents.
  4. Send the duly filled form with required documents to the broker.

Upstox Commodity Trading Margin

  • Upstox offers upto 2X margin on commodity futures trading. Similarly, the broker provides the same 2x margin on the bracket order and cover order facility.

Upstox Commodity Trading Platform

  • Upstox offers a single Pro platform to trade across multiple segments i.e. equity intraday, delivery, equity futures & options, commodity, and currency segments. Customers can trade in commodities on the Pro Web, web-based platform, or Pro mobile app at your fingertips.

Upstox Commodity Trading Pros and Cons

Pros Cons
  • Flat brokerage model of Rs. 20 per order.
  • Trade on MCX through the Pro web and Pro app platform.
  • Online and offline commodity account opening process.
  • No minimum fund balance required.
  • No unlimited trading.
  • 24*7 commodity trading service is unavailable.
  • Commodity trading tips are not available.

Upstox Commodity Trading Customer Care

Upstox commodity trading customer helpline 91-22-6130-9999
Upstox commodity trading customer support e-mail [email protected]
Request call back from Upstox


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:

  1. Monitor market trends: Upstox offers more than 100 indicators for you to decide whether you want to enter or exit the commodity market.
  2. Make fast and precise decisions: Learn about the highs and lows of the MCX market in real-time via study charts and take prudent decisions.
  3. Trade from anywhere: Upstox applications are available for web & mobile platforms; you can invest in crude oil, gold, silver & other commodities via applications.
  4. Profits Management: Easily track & manage your earnings from the commodities trading in your dashboard.


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;

  1. Log in to the Zerodha Account.
  2. Tab on the “balance” section and here, click on the “Commodities” account.
  3. Now, click on the “withdraw funds” screen and enter the amount you want to withdraw.
  4. Submit the request and the funds will be credited to your primary registered bank account within 24 hours.


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.

  • Visit
  • Click on “Funds.”
  • You can tap on “Commodities” from the left column.
  • Click “Deposit funds.”
  • Enter the “Amount to deposit.”
  • Select the payment method(UPI/Net banking/ NEFT/IMPS/RTGS)

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;

  1. Log in to the Upstox account.
  2. Tap on the “Balance” section and click on the “Commodities” tab.
  3. Click on the “Add Funds” option and then select “UPI” as a payment mode.
  4. Enter an amount that you want to add and provide UPI ID or virtual ID.
  5. Open UPI App and accept the fund transfer request.
  6. Upon successful payment, funds will be credited instantly to the Upstox Commodity Account.


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.


Last Updated on 2023-12-15