Commodity Trading Platforms
More on Commodity Trading
Commodity Trading Platforms are a definite area that MUST be discussed and known about before you start putting in your hard-earned capital into this form of trading. Gaining knowledge of these platforms help you to make trading and investment decisions.
If you are a beginner, then investing in commodity market should be done very carefully. This is because commodity market is highly volatile and offers lot of risks.
As an investor you must enter into the commodities trading market smartly. For this gather as much information as possible, and keep things afloat during the process.
Like all the other forms of trading, commodity trading also requires a lot of practice and experience to be able to make successful trades.
Mostly the traders learn out of their own experience, however, a lot of information can also be gathered second-handedly through the experience of other investors, by reading commodity trading books, and by taking advice from the experts in the field.
Commodity Trading Platforms Review
To be profitable at commodity trading, the trader must understand fundamental analysis which includes the actual factors that affect the price fluctuations of the commodities, including the changes in demand and supply and the economic, political, and geographical factors that directly or indirectly influence demand and supply.
Along with the fundamental analysis, technical analysis also plays a vital role in commodity trading. Technical indicators help investors in predicting trends in the price of commodities and set up their trades accordingly.
At such a juncture, commodity trading platforms and tools become the trader’s best friends.
Also, read Commodity trading courses in India.
Whether you are a beginner or a well-experienced trader, it is good to gain knowledge and learning of the trade. To help you there are top trading platforms and tools enlisted below.
Since trading tools are associated with a broker, you can choose the one by correlating it with the broker you choose.
Therefore, it is a critical decision to choose an efficient broker services company.
Many of the brokers not only take and execute orders on the behalf of its customers, but also offer expert advice. This helps them to reap the benefit of the trading platforms and tools efficiently.
To make the wise decision, take the demo of the platform. This helps you to understand and gain in-depth knowledge of the tool that the broker offers.
Top Commodity Trading Platforms in India
When it comes to the efficient commodity trading platform, it is the one that has the following features:
- Easy to use
- Offers user-friendly experience
- Offer analyst research
- Tracks portfolio
- Live streaming and lots more.
- Provides trading platform at the minimal price.
According to the ratings given to the trading platform and tools offered, considering features, fee and other features, the 5 commodity trading platforms and tools used most widely are:
Zerodha provides one of the most efficient and modern commodity trading platforms known as Zerodha Kite. It is a simple yet innovative commodity trading platform that is suitable for modern time trading. The platform is very easy to use and accessible and offers many innovative features.
This platform is very carefully designed with the user-interface that helps in buying, selling, analyzing, and managing the portfolio.
Alongside, it also provides real-time data regarding prices, quotes, ticks, and orders through the data widgets, with absolute zero latency thus offering an opportunity to trader to invest in Zerodha Gold Bonds.
This is one of the most required features for an efficient commodity trading platform.
Along with the detailed information, Kite also provides technical analysis tools like advanced forms of charts which are very powerful and customizable. Kite also offers online education to the traders through Varsity.
Despite all the excellent features, Zerodha brokerage charges are as low as ₹20 or 0.01%, whichever is lower, per executed trade on commodity trades on MCX.
Check this Zerodha Brokerage Calculator for more information on charges.
Zerodha Kite thus helps the traders in:
- Accessing and managing portfolio
- In proper analysis
- Managing trade
Angel Commodities Broking is a member of the MCX and NCDEX. It provides one of the most useful commodity trading platforms for trading in all the commodities.
The commodity trading account is free and the brokerage is as low as ₹15 per executed trade for orders less than ₹50k value and ₹30 otherwise (check Angel Broking Brokerage Calculator for more).
The platform provides excellent resources, along with tips and recommendations to figure out the top commodities to invest in.
There are multiple up to date research reports on this platform, including fundamental reports, technical reports, and special reports.
Angel broking commodity trading platform (be it Angel Broking Speed Pro, Angel Broking Mobile App, or Angel Broking Web) is one of the most recognized and awarded platforms.
A unique feature is the highest levels of leverage of up to 40 times. This offers the highest exposure to trade.
It have dedicated relationship managers that offer a better and personalized experience to investors. In all, the broker offers the trading platform with the best and top-notch services.
Apart from this, the commodity trading platform helps in:
- Creating and managing portfolio
- Receiving real-time updates and market reports
- Allow trading online
Sharekhan is a full-service stockbroker that provides both equity and commodity trading services. It offers a single trading platform for commodities along with all the other segments. Sharekhan offers the specific trading platform, ComTrade.
Read Equity vs Commodity to clear your doubts about the difference between these two segments.
If you are about confused in which segment to invest in, then you can read Equity vs Commodity trading and clear your mind about the investment decision.
It helps the traders to trade in commodities on MCX and NCDEX and provides complete services including searching the entire list of commodities along with living charts, quotes, and prices.
The platform offers the charts with the advanced versions. This can be easily studied, analyzed and can be used to open trade positions right then.
ComTrade keeps updates the trader with all the open positions in all the commodities like Gold, Silver, Oil, etc. and also lets the trader square off positions straight away.
Also Review Fluctuation in Gold Price in detail.
The charts are live with the line, candlestick, bar, and area options, with various time intervals ranging from 1 minute to yearly and also has tracker ball feature.
ComTrade also lets the trade receive news about the commodities to help to make a profitable decision and provides resources for research and training in the form of daily research reports including fundamental and technical short-term and long-term reports.
Furthermore, Sharekhan offers a trading platform such as Sharekhan Trade Tiger which provides a decent trading experience as well.
TradePlus is one of the lowest brokerage commodity trading platforms in India. It provides an infinite commodity trading plan at ₹99 per month for unlimited commodity trading on MCX.
If impose the least transaction charges. Also, it refunds the brokerage charged to the trader in case there is no trade-in a month.
Along with low brokerage, TradePlus offers excellent features like brokerage calculator and margin calculator, along with providing market information, analysis, and trading solutions.
There are multiple blogs and articles to assist the trader in making the correct decision, although it does not provide any research, tips, or recommendations.
A specific commodity trading platform, INFINI-TRADER (NEST) and the technical analysis tool INFINI-POWER helps trader to do technical analysis.
Also, this trading platform help in completing the fund transfer safely and securely.
Upstox provides one of the most comprehensive commodity trading platforms. The broker offers many innovative and powerful tools to assist the commodity traders like the advanced charting, live market data, and excellent user experience.
It helps in viewing and monitoring the trade of different exchanges on one single platform. It also offers resources for different commodities like gold, silver, zinc, oil, copper, and natural gas.
This trading platform also uses advanced technical indicators. Thus, it helps in creating powerful charts and hence in the smart analysis of the market. This highly equipped trading platform helps in placing and squaring off the position with just one click.
Upstox provides a 3 times margin for both buying and selling for MCX Futures. It is therefore quite useful for the traders looking at high leverage. The brokerage is also quite low at ₹20 per executed order.
Thus, there are multiple excellent and efficient commodity trading platforms and tools available at the disposal of the commodity traders to be able to choose from.
The platform and tools provide a big helping hand to the traders in making analysis, along with using their own knowledge and information, in making the right trading decision, which earns them huge profits and helps them to avoid big losses.
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More on Share Market Education:
Read this review in Hindi.