Looking to invest in commodities? Interested in trading and monitoring profits conveniently? Look no further than Upstox commodity trading. With Upstox, you can dive into the world of commodities, leveraging over 100 indicators to guide your informed decisions on entry and exit points. In this article, we’ll explore the advantages of Upstox commodity trading, highlighting their competitive brokerage fees, user-friendly trading platforms, and portfolio tracking capabilities. Learn how to Open a Commodity Trading Account with Upstox.
How to Open a Commodity Trading Account in Upstox
Opening a commodity trading account with Upstox is simple. Here are the steps to follow:
- Visit the Upstox website and enter your phone number then click on the “Start trading” button or click ???? Open Free Upstox Commodity account.
- Fill in your personal details: Enter your personal details, including your name, address, PAN card number, and bank account details.
- Upload the necessary documents: Upload a scanned copy of your PAN card, Aadhaar card, and a cancelled cheque.
- E-sign the account opening form. Once you have filled in all the details and uploaded the necessary documents, you can e-sign the application using your Aadhaar card.
- Fund your account and start trading. Once your account is activated, you can add funds to your trading account through net banking, UPI, or a debit card.
Upstox Commodity Account Opening requirements
To open a commodity trading account with Upstox, you will need to provide the following documents:
- PAN card
- Address proof
- Bank statement
Once you have uploaded these documents and completed the e-sign process, your account will be activated, and you can start trading.
Upstox Commodity Trading Platform
Upstox offers a variety of trading platforms to meet your needs. Whether you prefer to use the web or mobile platforms, Upstox has you covered. Their web platform is intuitive and easy to use, allowing you to monitor your trades and market trends in real-time. The mobile app is equally user-friendly, providing all the features of the web platform on-the-go. With the Upstox platform, you can invest in commodities from anywhere, at any time.
Also read: Upstox coupon code for Account opening with 0₹AMC
Upstox Commodity Leverage and Margin
Upstox offers commodity trading at a flat fee of ₹20 per order, regardless of the order size. It means that you can trade commodities worth ₹1 or ₹1,00,000 at the same cost. Upstox offers up to 10x leverage on commodity trading, allowing you to amplify your returns while managing your risks. The margin requirements for commodity trading vary based on the commodity and the exchange. For example, the margin required for trading gold on MCX is 4%, while the margin for silver is 5%.
Upstox provides detailed margin requirements for each commodity on their website, so you can make informed decisions about your trades. Use Upstox margin calculator. Also, read the latest announcement of margins on Upstox. Upstox commodity trading offers a margin of 5% to 10% on select commodities. It means that you only need to maintain a minimum balance of ₹5,000 to trade commodities worth ₹1,00,000.
Free account opening + ₹0 AMC
Upstox Offer
Demat + Trading account with zero account maintenance charges
₹0 commission* Mutual Funds and IPO investing
₹20* per order brokerage on Equity, F&O, Currency & Commodity (Ultra-low brokerage)
Excellent online trading platform (Website and Mobile App)
Margin against share is available
Upstox Commodity brokerage charges
- Only up to ₹20/order
- Invest in the commodity of your choice
Monitor market trends- Use 100+ indicators to decide your entry and exit points
Monitor market trends| Upstox Charges | Commodity Futures | Commodity Options | |||
|---|---|---|---|---|---|
| Brokerage | ₹20 per executed order or 0.05% (whichever is lower). | Flat ₹20 per executed order. | |||
| Statutory Charges | Taxes and Fees by the Government of India | ||||
| Commodity Futures | Commodity Options | ||||
| STT/CTT | 0.01% on sell trade (Non-Agri) | 0.05% on sell trade | |||
| GST | 18% ( on brokerage+transaction charges) | 18% (on brokerage+transaction charges) | |||
| Stamp Duty | 0.002% or ₹200 per crore on buy-side | 0.003% or ₹300 per crore on buy-side | |||
| Exchange Fees | Fees Charged by either MCX (Multi Commodity Exchange) | ||||
| Commodity Futures | Commodity Options | ||||
| Transaction Charges | Non-Agri: Exchange turnover charge: 0.0026% | Exchange turnover charge: 0.05% | |||
| SEBI | Fees Charged by SEBI (Securities and Exchange Board of India) | ||||
| Commodity Futures | Commodity Options | ||||
| SEBI Charges | ₹10/crore | ₹10/crore | |||
How to Trade Commodities in Upstox
Trading commodities on Upstox is easy. Here are the steps to follow:
- Open a commodity trading account with Upstox.
- Fund your account.
- Choose the commodity you want to trade.
- Enter your trade details, including the quantity and price.
- Monitor your trade and exit at your chosen price.
Also read: Get Tradingview premium free
Upstox Commodity Trading Charges
Upstox offers some of the lowest brokerage fees in the industry. For commodity trading, they charge a flat fee of ₹20 per order. This means that you can trade as much as you want without worrying about high brokerage fees eating into your profits. Additionally, there are no hidden charges or account maintenance fees, making Upstox an affordable option for commodity traders.
Upstox Commodity Trading Tips
To succeed in commodity trading with Upstox, you need to follow some basic tips:
- Research the commodity you want to trade and monitor market trends.
- Use technical analysis and indicators to make informed decisions.
- Keep your leverage and margin requirements in mind.
- Set realistic profit and loss targets.
- Monitor your portfolio and exit trades at the right time.
Extra features
Trade From Anywhere: Upstox offers a web-based platform as well as a mobile app for trading. It means that you can invest in commodities from anywhere, anytime.
Easily Monitor Profits: Upstox offers a dashboard that allows you to track your portfolio in one place. You can see your open positions, profits, and losses in real-time.
Final Verdict
Upstox commodity trading is an excellent platform for investors looking to trade commodities at a low cost. With Upstox, you can trade with leverage, maintain low margins, and use powerful technical analysis tools to make informed decisions. Moreover, Upstox offers a user-friendly platform and excellent customer support.
Post Disclaimer
For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
Ajay Bohra is an entrepreneur and a financial expert who guides people in their personal finance, investments and real estate. Ajay is passionate about showing people how to make money work for them.He guides them in the right direction to invest in Stocks, Mutual Funds, Real Estate and other avenues.
