Commodity Trading Account Services
To trade in commodities, you need to open a commodity trading account with a broker.
This type of trading is essentially in futures and options of products like agriculture (wheat, cotton, etc.), minerals (petroleum), and precious metals (gold, silver, etc.).
Why Us?
Here’s why you might want to open a commodity trading account with us
- Over products and services have bagged multiple awards and are internationally recognized.
- We offer up to 40 times leverage – the industry’s highest.
- We boast of over a million satisfied clients.
- We have a robust support system, with our dedicated relationship managers and dealers providing services through 12,000 trading terminals.
- Angel One has an extensive network of 11,000 sub-brokers across the country, so wherever you are, there’s one within easy reach.
- We have a considerable presence in over 900 cities.
Commodity futures and options
Before you open a commodity account, you need to know a little bit about derivatives. There are two main types of products – futures and options. Futures contracts give you the right to purchase or sell a certain amount of a particular commodity at a predetermined date in the future. Options give you the right, but not the obligation, to buy or sell a specific commodity at a predetermined price in the future.
Futures and options are traded on commodity exchanges like Multi-Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX). Only members (brokers) are allowed to trade on these exchange, so you need to open commodity trading account with a broker like AngelBroking