Among various types of stock investment, commodity trading is considered to be a highly risky one and one needs to be extremely careful while making any such investment, especially if he is a beginner. For trading in Commodity you should always use the best commodity trading app to get better output. In this article we have listed top commodity trading apps in India with their reviews.
The commodity derivatives market in India is majorly controlled by SEBI and this kind of trading is largely done by three leading exchanges – the National Commodity and Derivative Exchange (NCDEX), the National Multi Commodity Exchange of India Ltd. (NMCE), and the Multi Commodity Exchange of India Ltd. (MCX).
Alike other trading options, commodity trading expertise can be gained by a high level of practice to make worthy trades. If you’re a beginner and want to trade in commodities, the first thing you should understand is the fundamental analysis that includes a number of factors affecting the price of commodities, demand, and supply. Along with this, there are several political, geographical, and economical factors that directly or indirectly influence the commodity industry.
Apart from fundamental analysis, another important thing is the technical analysis of the commodities. These technical indicators are meant to assist investors in anticipating trends in commodity prices and other aspects.
What is Commodity Trading?
Commodity trading refers to trading in category of assets or goods that are essential in daily life, such as food, energy or metals. A commodity is alternate and naturally exchangeable. It can be classified as each and every type of movable goods that can be bought and sold, excluding unlawful claims and money. This is due to the fact that the commodity market is perceived as extremely volatile and full of risks.
There Are 6 Major Commodity Trading Exchanges in India
There are 2 major commodity trading exchanges in India as listed below.
- Multi Commodity Exchange – MCX
- National Commodity and Derivatives Exchange – NCDEX
- National Multi Commodity Exchange – NMCE
- Indian Commodity Exchange – ICEX
- Ace Derivatives Exchange – ACE
- The Universal Commodity Exchange – UCX
Multi Commodity Exchange – MCX
The Multi Commodity Exchange of India (MCX) is the largest commodity derivatives exchange in India, being in existence since 2003 and located in Mumbai. The MCX facility is a national platform for trading in commodity derivatives, and the MCX facilitates a regulated marketplace that provides transparency, where buyers and sellers can hedge risks, in price volatility, on commodities.
MCX facilitates a market for trading on a broad selection of commodities which includes gold and silver, other precious metals, copper and zinc, crude oil and natural gas and energy products, and various agricultural commodities. An MCX marketplace is also important to price discovery, manage risk, and provide a trading participant, which includes farmers, producers, investors, and large industry, a method for making better assumptions and decisions about an action concerning trading or hedging.
The MCX is regulated by the Securities and Exchange Board of India (SEBI), which provides appropriate practices of clearing and settlement. With the benefit of technology, real-time data, and regulatory oversight with effective processes, the MCX is increasing its role as a component of India’s commodity marketplace infrastructure.
National Commodity and Derivatives Exchange – NCDEX
The National Commodity and Derivatives Exchange (NCDEX), founded in 2003, is among India’s top online commodity exchanges. Based in Mumbai, NCDEX offers a fair and efficient platform for the trade of a vast array of agricultural and non-agricultural commodities. It is regulated by the Securities and Exchange Board of India (SEBI) rules to ensure equitable practices, protection of investors, and integrity in the marketplace.
NCDEX plays a crucial role in bolstering India’s farm economy by providing futures trading in the most important commodities like guar seed, soybean, chana, castor seed, and spices. The exchange facilitates farmers, traders, processors, exporters, and importers to hedge price risk, mitigate risk, and find fair market prices. With its strong technology backbone, NCDEX provides smooth order execution, real-time price release, and swift clearing and settlement.
Along with services trading, NCDEX facilitates engagement in financial literacy and awareness of the markets through training programs and farmer connect missions. It has also launched new products such as index futures and options contracts, facilitating commodity trading by broadened players.
By promoting transparency, liquidity, and inclusiveness, NCDEX has emerged as a pillar of India’s commodity market system. Its activities make major contributions to price stability, supply chain management, and rural economic empowerment. As India further modernizes its agricultural sector, NCDEX remains at the vanguard, closing the gap between old-fashioned commodity markets and the new-age digital trading era.
National Multi Commodity Exchange (NMCE)
The National Multi Commodity Exchange of India Ltd (NMCE) was India’s first demutualized, online multi-commodity exchange, formed in 2002 and headquartered in Ahmedabad. NMCE provided an electronic platform for nationwide trading of various commodities including agricultural products, metals and energy. It was set up for the purpose of providing transparency, efficiency and standardization to the fragmented commodity like agricultural products, metals and energy markets in India.
NMCE was regulated by the Securities and Exchange Board of India (SEBI) and provided futures contracts to its participants (farmers, traders, processors, exporters and importers), enabling price or market risk management. The trading and clearing systems were developed to enhance the trust, speed and reliability of transactions on NMCE.
A significant contribution that NMCE provided was developing quality standards and warehousing infrastructure for commodities allowing market participant confidence through credibility. Further to this NMCE placed a strong emphasis on utilizing certified warehouses, and electronic warehouse receipts that allowed for safe and transparent delivery options.
The easiest way to begin with commodity trading is to resort to a commodity trading app that lets investors trade in commodities. There are various commodity trading apps available in the market offered by different stock brokers. In order to get the best outcomes, it is necessary to choose the best app for commodity trading.
Major Benefits of Using Best Commodity Trading App
- User-friendly navigation
- Easy to install and use
- Provide analyst research
- Monitors portfolio
- Activates LIVE streaming
- Provides access to the trading platform at competitive rates
Top Commodity Trading Apps in India 2025
Zerodha Kite
Zerodha is counted among the top brokers in India and offers one of the most effectual and advanced commodity trading platforms called Zerodha Kite. It is an easy yet the best commodity trading app that is appropriate for next-gen trading. The platform is extremely easy to use and accessible and offers many advanced features.
This platform is designed very smartly along with a user interface that assists in buying, selling, analyzing, and handling the portfolio.
The best thing about Zerodha Kite is that commodity options are activated by default if you have an active commodity account. The app allows you to trade the option contacts of the following commodities:
- Gold
- Silver
- Copper
- Zinc
- Crude Oil
Only LIMIT and SL orders are permitted for MCX options. You can use a limit order like a market order by putting up a buy order with a bit higher price and a sell order with a bit lower price in comparison to the last traded price.
Sharekhan
Sharekhan is a full-service stockbroker that offers both equity and commodity trading services. It features a single trading platform for commodities along with all the other categories. Sharekhan offers a very advanced trading platform, ComTrade.
It is quite effective in helping the traders to trade in commodities on MCX and NCDEX and provides a wide range of services including the option to search the entire list of commodities along with LIVE charts, quotes, and prices.
Sharekhan app offers a wide range of features for investors looking to deal in commodity trading including:
- Smart tools
- Technical indicators
With this best commodity trading app, you can trade in various commodities including:
- Metals (like gold, silver, platinum, copper, among others)
- Energy (including crude and heating oil, natural gas and gasoline)
- Livestock and meat
- Agricultural produces like corn, soybeans, wheat, rice, cocoa, coffee, cotton, sugar, among others)
Angel One
Being a member of MCX and NCDEX, Angel Commodities is one of the most popular and widely used commodity trading platforms for users interested in commodity trading.
Opening a commodity trading account with Angel One App is free and the brokerage is as low as ₹15 per executed trade for orders less than ₹50k value and ₹30 otherwise.
Angel One App is a great tool for traders looking to invest in commodities. The process is pretty simple.
- On the home menu, tap on the Market.
- From your watchlist, tap on the Gold petal
- Click on buy
- Select no. of units, Product type & Order type
- Click on quick buy
- Check & confirm your order
The secure, sturdy, and easy-to-use app works well for both periodic investors as we as recurrent traders. Along with online trading, users get real-time streaming quotes & charts, live news, multiple watchlists, online fund transfer, research reports, Demat holdings, margin statements, limits, order summary, and more on their mobile or Smartphone.
Upstox Pro
Upstox is known for having one of the most detailed commodity trading platforms. The broker provides several ground-breaking and influential tools to assist the commodity traders such as advanced charting, live market data, and brilliant user experience.
With Upstox Pro Mobile, it is possible to do commodity trading via a smartphone app. There are lots of features that this best app for commodity trading offers including:
- Watch market trends – Choose from 100+ indicators to finalize your entry and exit points
- Quick decision making – Insightful Charts, gain market knowledge, place quick orders
- Web and mobile platforms which mean trade in the commodity from anywhere
- Quickly monitor your gains – Track variations in the commodities market and check your profits right on your dashboard.
TradePlus
TradePlus is considered one of the minimal brokerage commodity trading platforms in India. Its most popular plan comes at just INR 99 per month which offers unlimited trading on MCX.
Tradeplus Mobile App is a smartphone trading and back-office app for users who prefer on-the-go trading. This app is readily available for Android and iOS smartphones. The mobile phone trading application of Tradeplus is completely usable for online trading and loaded with almost all options a trader/investor need.
One thing you need to keep in mind about TradePlus Mobile app is that it doesn’t provide tips and research reports which might be a constraint in choosing this commodity trading app.
FAQs About Commodity Trading Apps
What is commodity trading in India?
Commodity trading is the process of selling and purchasing raw materials (typical examples are metals (gold, silver), energy (crude oil, gas), agriculture (wheat, cotton)) using mainly derivative contracts (such as futures, options). It enables traders to make a profit out of a change in prices without possessing the actual goods.
How do I start commodity trading through an app if I’m new to the market?
It is simpler than you imagine to get started. Most brokers offer simple onboarding, and all you have to do is install an app, get your KYC done, and open a free commodity trading account.
Are these commodity trading apps safe and SEBI-compliant?
Yes, the best apps in commodity trading in India are safe and SEBI-approved. They also apply bank-level encryption, two-factor authentication, and secure payment gateways to keep your data and your money safe.
Will I require another account to trade in commodities?
Yes, although a multitude of brokers provide equity and commodity trading on the same platform, there is a need to open an independent commodity trading account attached to an existing demat account. The majority of apps make this simpler and enable online enabling in a few minutes, pending KYC checks.
Is there any app that offers zero brokerage for commodity trading?
It is possible to find newer platforms and promotional plans that have no brokerage or fixed subscription models, although less frequently. As an example, TradePlus offers zero or ultra-low brokerage products, used best by active traders. Nevertheless, be sure to take a more detailed look at the fine print and make sure that the app will be supported by a reliable customer care and regulation.
Which commodity app is good for getting technical analysis and real-time information?
Zerodha Kite and Upstox Pro are the best choices if you are looking for charting and indicators. They provide a complex range of tools such as TradingView integration, more than 100 technical indicators, various types of charts, and dashboards. They are suitable for seasoned traders because they are data-driven traders and trade in a volatile market.
Can I invest in gold and silver through these trading apps?
Yes, the vast majority of commodity trading apps offer gold and silver trading, both in the futures contracts and, in one way or another, digital gold options. Systems such as Upstox and ICICI Direct enable real-time observation, margin trading, and expiry calendar information of any commodity, including bullion.
Can I trade international commodities through Indian apps?
Most Indian apps just enable trading of commodities on their domestic listings through MCX or NCDEX. Trading in globally traded commodities such as Brent crude or US soybeans may require a global trading platform or a foreign-regulated broker. When dealing with offshore trading, you must always make sure that you are adhering to the Indian rules.