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Online Commodity Trading in India Home Angel Commodities Broking Ltd Indiabulls Commodities Ltd Unicon Commodities Pvt Ltd SMC Comtrade Ltd

Commodity Trading in India (Comparison of Commodity Brokers)

Purpose of this article: Understand basics of Commodity Trading in India. Provide detail about popular online commodity brokers in India. Compare and discuss about commodity trading websites, their products and services.

About Commodity Trading

Commodities in very simple terms are defined as natural resources, chemicals and physical products one can touch, taste, smell, grow, mine, consume or deliver. Commodities are interchangeable with other products of the same type, and which an investor can buy or sell. Commodities have value which is mainly subject to supply and demand. Commodities are being traded for money or other commodities for many centuries in local and international markets. For as long as people have engaged in trade, they have needed a system to organize the delivery of goods and make commerce more efficient and predictable. Exchanges to trade commodities were setup for this purpose. Till 1970's the commodity trading in these exchanges were very straight forward. It was a market place where people use to come to buy & sell commodity products. In 1971's, a significant change happen in US commodity trading when modern 'Commodity Future Trading' was introduced. This has changed the way commodities were being traded for centuries. A commodity futures contract represents an agreement to buy or sell a specific type and grade of commodity for delivery at a specific time in the future at an agreed upon place at a market-determined price. In reality, commodity futures rarely lead to the delivery of an actual product, because the contract positions are typically closed out before the delivery date. In India National Multi Commodity Exchange of India Limited (NMCE) got acceptance from Government of India to

start commodity future trading in year Nov 2002. In year 2003, another exchange, Multi Commodity Exchange of India (MCX) was established for Bullion & Energy sectors.

Commodity as an Investment Option

Commodity is an excellent investment option for many reasons. Some of them are described as below: Portfolio Diversification Commodity adds another asset class to an investor's portfolio and thus reduces the risk on overall investment. Pricing in commodity futures has been less volatile compared with equity and bonds, thus providing an efficient portfolio diversification option. Also commodity has a global presence and hence, it's a good portfolio diversifier. Commodities are much easier to understand as far as fundamentals of demand and supply are concerned then stocks. The size of the commodities markets in India is also quite significant. Commodity trading requires less initial investment as all an investor need is money for margins payable upfront to exchanges through brokers. The margins range from 5-10 per cent of the value of the commodity contract. Unlike equity, commodity prices cannot become zero. This reduces the risk in holding them as an investment. Indian commodity market operates for more than 12 hours a day covering timings of all major international commodity exchanges, thus giving traders ample time to earn profits. Commodities can be hold in Demat form. There is no need to hold commodities physically in warehouses.

Exchanges to Trade Commodities in India

Commodities are being traded in Commodity Exchanges. Commodity exchanges provides electronic platform for sellers and buyers to trade in multiple options available. An individual cannot directly go to exchange and make the trade. Exchange authorizes brokers, who interact with customers (investors) on behalf of exchange and charges commission/brokerages for their services. Note: Forward Markets Commissions (FMC) regulates the commodity markets in India. It is equivalent to SEBI. There are multiple exchanges available in India for commodity trading:

1. Multi Commodity Exchange of India Ltd (MCX)

MCX is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India. MCX is the largest commodity futures exchange in India and holds market share of around 80%. MCX allows trading in more than 50 commodities across sectors like bullion, metals, energy, weather, and agricultural products.

2. National Commodity & Derivatives Exchange Ltd (NCDEX)

Incorporated in 2003, NCDEX is an India (Mumbai) based online multi commodity exchange. NCDEX offers trading in around 59 commodities across multiple segments including agricultural, metals and energy. While the volume is less with NCDEX, it provides options to trade in almost all the commodities as MCX.

3. National Multi-Commodity Exchange of India Ltd (NMCE)

Incorporated in 2002, Ahmadabad based NMCE was the first multi-commodity exchange of India. NMCE offers trading in Oils and Oil Seeds, Base Metals, Pulses, Precious Metals, Spices and other commodities.

4. MCX Stock Exchange (MCX-SX)

Incorporated in 2008, MCX-SX is an electronic platform for trading in currency derivatives. MCX-SX offers currency futures contracts in US Dollar-Indian Rupee (USDINR), Euro-Indian Rupee (EURINR), Pound Sterling-Indian Rupee (GBPINR) and Japanese Yen-Indian Rupee (JPYINR).

Note: The decision to choose which exchange you would like to trade (MCX Vs NCDEX) depends on many factors including: 1. Volume of trades and liquidity - Many active commodity traders prefer MCX over other exchanges because the volume at MCX is large and thus provides more liquidity. 2. There are few commodities which are specifically available in certain exchange. 3. Trade charges differ from exchange to exchange and commodity to commodity.

Types of Commodity Trading

In modern commodity exchanges, few different types of trading are available to investors. Some of the popular commodity trading types available in exchanges across India is as below:

Spot Trading: In spot trading, commodities are sold for cash and delivered immediately to the buyer. As name suggest all the transactions in this are on the spot. Spot trading is available in NMCE, NCDEX. Future (Derivatives) Trading: In future trading an investor doesn't buy / sell commodity or own it. He speculate on the future direction of the price would be going up in the future. Future trading is a bet on future price direction. Future trading is done in lots, a predefine unit of commodity. Only margin money is paid by investor to secure a trade. The margin varies by commodity and exchanges.

Online Commodity Trading Companies in India

Some of the popular commodity brokers in India Financial Market are:
1. Angel Commodities Broking Ltd 2. Indiabulls Commodities Ltd 3. Unicon Commodities Pvt Ltd 4. SMC Comtrade Ltd

Things to consider when choosing a commodity future broker

Commodity brokers are authorized members of commodity exchanges (i.e. MCX, NCDEX). They work as commission agents between sellers and buyers. There are many local as well as online brokers who facilitate individual investors to trade in commodity for small commission/fees. Choosing a correct broker could be challenging task for many investors. This article provides list of few popular online commodity trading brokers in India. Following are few critical things one should consider when choosing an online commodity broker: Recommendations from friends or family members Commission (Brokerages) and Fees Trading Platforms (Features and capabilities) Quality of information in Newsletters, Market Research and Reports 24x7 Customer Support Exchanges available for trading in Look at all possible options available and shortlist few brokers. Consider suggestions from friends and family members.

Things to do before opening an online commodity trading account:

Contact the brokers and ask them for demo of their trading platform.

Documents to open Commodity Trading Account

Following documents are required to open an online commodity trading account for an individual. Please note that the required document list varies from broker to broker. Recent passport size photograph(s) - 3.5 * 3.5 centimeters PAN Card Address Proof (i.e. Ration card , Driving License/ Learning License, Passport, Voter ID, Electricity Bill (not more than 2 month old from bill generation date), Landline Bill MTNL/BSNL (not more than 2 month old from bill generation date) Bank Proof (Personalized Cheque)

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Hom Angel Commodities Broking Indiabulls Commodities e Ltd Ltd

Unicon Commodities Pvt Ltd

SMC Comtrade Ltd

Angel Commodities Broking Ltd - Commodity Broker in India

Incorporated in 1987, Angel group is among top retail broking houses in India. Company entered in to commodity trading market in April 2004 by adding a Commodity Brokerage division. Angel Commodities is a member of the two leading Commodity Exchanges in India, NCDEX & MCX.

Commodity Trading Account Types:

Angel provides multiple online commodities trading products for different types of customers. Following are the products available from Angel group for commodity traders in India

1. Angel Trade
Angel Trader is a browser-based online commodity trading platform which allows its customer to access there anyway. The Angel Trade product features also include live streaming quotes.

2. Angel Diet
Angel Diet is an installable application-based online commodity trading platform for high volume day traders.

Installed on your laptop or desktop, the Angel Diet is the fastest trading terminal available from Angel group. Angel Diet provides real time streaming quotes for multiple exchanges on same screen. The software has facility for online fund transfer to and from investors trading account. It also has ability to integrate it with back office for managing the accounts and transactions.

3. Angel Investor
Angel Investor is an advance browser-based online commodity trading platform from Angel group. Along with streaming quotes, it also provides features like multiple exchanges on single screen, online fund transfer facility and Integrated Back office.

4. Angel Lite
Angle Lite is the lightest browser-based online commodity trading platform for investors with slow internet access. The features of Angel Lite are quite similar to Angel Trade but the trading portal has been designed for low bandwidth internet.

5. Angel Swift
Angle Swift is the mobile trading application provided by Angel Broking. It gives freedom to their investor to be in touch with commodity market even while he is on the move.

How to Open an Account with Angel Commodities?

For online trading with Angel Commodities, investor has to open an account. Following are the ways to open an account with Angel Commodities:
Call at (022) 3935 7600 or SMS EBRO 5757587 Visit one of their branches. Visit Angel Commodities Branch Locator web page. Fill Online Account Application Form.

Useful links about Angel Commodities / Contact Angel Commodities

Website: www.AngelCommodities.com Email: commodities@angelbroking.com, feedback@angelbroking.com Phone: (022) 3935 7600

Company Address:
Angel Commodities Broking Ltd, 6th floor, Ackruti Star, MIDC, Andheri (E), Mumbai 400 093. Website: www.angelcommodities.com Email: info@angelcommodities.com Phone: 022 3935 7600 Fax:

Angel Commodities Broking Ltd Reviews, Comments and Feedback

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Hom Angel Commodities Broking Indiabulls Commodities e Ltd Ltd

Unicon Commodities Pvt Ltd

SMC Comtrade Ltd

Indiabulls Commodities Ltd - Commodity Broker in India

Indiabulls Commodities Ltd, part of Indiabulls Securities Ltd, offers commodity brokerage services to investors in India. Indiabulls Commodities provide trading in two Commodity Exchanges in India, National Commodity and Derivatives Exchange Ltd (NCDEX) & Multi Commodity Exchange of India Ltd (MCX). Along with online commodity trading services, company also provide valuable research reports like daily intraday reports, reports on Agri-commodities & Metals, weekly & medium term market outlook and arbitrage strategies.

How to Open an Account with Indiabulls Commodities?

For online trading with Indiabulls Commodities, investor has to open an account. Following are the ways to open an account with Indiabulls Commodities:
Call at 0124 4572444 Send email at helpdesk@indiabulls.com Visit one of their branches. Check Indiabulls Commodities Branch Locator web page. Fill Online Account Application Form.

Company Address:
Indiabulls Securities Limited, 448 451, Udyog Vihar, Phase V, Gurgaon 122001, Haryana

Website: http://www.indiabulls.com/securities/ Email: helpdesk@indiabulls.com Phone: 0124-4572444 Fax:

Indiabulls Commodities Ltd Reviews, Comments and Feedback

1. Sunny jaiswal Jun 13, 2011 9:57:50 AM IST I want open an acount for comodity purpose.

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Unicon Commodities Pvt Ltd

SMC Comtrade Ltd

Unicon Commodities Pvt Ltd - Commodity Broker in India

Unicon Commodities is part of Unicon group of Companies, an India based financial services provide of offline & online trading in equity, commodities and currency derivatives. Unicon provides online commodity futures trading on MCX and NCDEX exchanges. Feature of Unicon online commodity platform are:
Live Market Watch for commodity market (NCDEX, MCX) in one screen. Add any number of scrips in the Market Watch. Tick by tick live updates of Intraday chart. Greater exposure for trading on the margin available. Common window for market watch and order execution. Key board driven short cuts for punching orders quickly.

Real time updates of exposure and portfolio. Facility to customize any number of portfolios & watch lists. Market depth, i.e. Best 5 bids and offers, updated live for all scripts. Facility to cancel all pending orders with a single click. Instant trade confirmations. Stop-loss feature.

Account Types:
1. uniFlex
uniFlex is an installable application-based online commodity trading platform provided by Unicon. uniFlex offers a unique feature of a single screen trading platform in MCX and NCDEX. It provides a unique experience of fast trading to active commodity traders. More information about uniFlex and how it works can be found by clicking on below product demo links. Product Demo: uniFlex Flash Demo for Online Commodity Trading:
How to download and install? How to login and create market watch in uniFlex? How to place order? How to use forgot password link?

Note: Unicon Commodities do not provide any browser based commodity trading account.

How to Open an Account with Unicon Commodities?

For online commodity trading with Unicon Commodities, investor has to open an account. There are few simple ways to open an account with Unicon Commodities:
Call at 1800 103 3388 or SMS UNICON 54646. Visit Unicon Commodities Branch Locator. Fill Online Account Application Form.

Company Address:
Unicon Commodities Pvt Ltd, 69, 2nd Floor, Regal Building, Connaught Place, New Delhi - 110001 Website: www.unicon.in Email: helpdesk@unicon.in Phone: 0 120 451 5555, 1800 103 3388 Fax:

Unicon Commodities Pvt Ltd Reviews, Comments and Feedback

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Unicon Commodities Pvt Ltd

SMC Comtrade Ltd

SMC Comtrade Ltd - Commodity Broker in India

SMC Comtrade Ltd is an India based commodity trading company. Company provides wide range of trading options in commodity through NCDEX, MCX, MCX-SX, NMCE, ICEX, ACE & DGCX exchanges. SMC Comtrade Ltd is part of SMC Group of Companies; an India based fastest growing financial services and investment solution provider. SMS Group was founded in 1990 and today it has more than network of 2300+ offices spread across 425 cities/towns in India.

Commodity Trading Platforms:

SMC Comtrade offers 4 types of trading platforms to its customers for online commodity trading:

1. SMC Select
A browser-based trading platform is designed for not frequent retail investors. The easy to use website provides convenient anywhere trading facility to its users. SMC Select allow to trade on multiple exchanges. The product do not offer streaming quotes.

2. SMC Exclusive

A browser-based trading platform is designed for high frequency day traders. The website can be accessed

anywhere and no software installation is needed. The Live Streaming Quotes, Hot key functions for faster trading and Multiple market watch facility are few key features of SMC Exclusive trading platform.

3. SMC Privilege
An installable application based online trading platform. The SMC Privilege is designed for highly active bulk traders. This platform provides is equivalent to a broker terminal and allows quickest execution of orders. The application provides streaming quotes with Intraday charting and present data from different Exchanges on a single screen. Hot Key Functions for faster trading and Security lock for better safety are among key features of this platform.

4. SMC mobitrade

A mobile-based online trading platform allows users to trade anywhere on their mobile phone. SMC mobitrade is available in two modes, Lite which is refresh based and Streaming which provides streaming quotes. SMC mobitrade has all important features to execute trades and follow orders in a secure fashion.

Company Address:
SMC Global Securities Ltd. 11/6B, Shanti Chamber, Pusa Road, Delhi-110005 Website: www.smctradeonline.com Email: helpdesk@smctradeonline.com Phone: 011 30111444

Fax: 011 25754365

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