Commodity futures trading in India has exploded in popularity over the last decade. Whether you're hedging against price risk or speculating on crude oil and gold, the right platform can make all the difference. Here's a curated list of the best platforms Indian traders are using today, from exchanges to broker apps.
Top Platforms for Commodity Trading
Groww, India’s No. 1 stockbroker, has established itself as one of India's most trusted and widely used trading and investment platforms, and its foray into commodity trading has added a powerful new dimension to what is already a comprehensive multi-asset experience.
When it comes to commodity futures specifically, Groww offers trading in crude oil, gold, silver, natural gas, electricity, copper, aluminum, zinc, and nickel, with each of these commodities having further lot size variants. For example, Gold has Gold, Gold Mini, Gold Ten, Gold Guinea, and Gold Petal contracts available for trading.
This variety of lot sizes is particularly useful because it allows traders with different capital levels to participate; someone with a smaller trading account can access Gold Petal or Gold Mini contracts rather than being forced into a standard full-sized Gold lot.
Groww's product suite spans Stocks, F&O, MTF, ETF, IPO, Mutual Funds, Commodities, Groww Terminal, 915 Terminal, Stock Screens, Algo Trading, Groww Charts, Groww Digest, Demat Account, Groww AMC, and PMS, making it one of the most complete multi-asset platforms available to Indian retail traders today, all under a single login and a single unified interface.
Angel One
Angel One is a traditional full-service brokerage that has evolved into a modern technology-driven platform without losing the research and advisory depth that full-service firms are known for.
The broker is a registered member of both MCX and NCDEX, giving clients access to a broad spectrum of commodity futures, including metals, energy, and agricultural products. What distinguishes Angel One from pure discount brokers is its commitment to research; the platform publishes daily, weekly, and monthly commodity research reports that help traders understand price trends, supply-demand dynamics, and macroeconomic factors affecting commodity markets.
MCX — Multi Commodity Exchange of India
MCX is not a broker but the primary exchange infrastructure through which most commodity futures trading in India takes place. It is India's largest commodity derivatives exchange and the first to be listed on a stock exchange, making it a landmark institution in the country's financial ecosystem. Almost every broker that offers commodity trading routes client orders through MCX, making it the invisible backbone of the entire market.
MCX operates on a robust electronic trading platform that ensures price discovery is transparent, efficient, and accessible to participants across the country.
ICICI Direct
ICICI Direct provides an opportunity to trade in commodity derivatives at the Multi Commodity Exchange (MCX). The platform offers research advisory services with daily, weekly, monthly, and special research reports and allows trading in commodities such as gold, silver, crude oil, metals, and agricultural products. Being part of the ICICI ecosystem, it also benefits from seamless 3-in-1 account integration (bank + demat + trading), which simplifies fund management for commodity trades.
5paisa
5paisa is a discount broking platform that has carved out a clear niche in the Indian market by keeping things simple, affordable, and accessible, particularly for traders and investors who are cost-conscious and do not require elaborate advisory services. The platform offers commodity trading on MCX, allowing clients to trade in gold, silver, crude oil, copper, and other key contracts from a straightforward mobile or web interface.
The account opening process is digital and quick, and there is no heavy paperwork involved in getting started. For traders who know what they want to trade and just need a reliable, cheap execution platform, 5paisa does the job efficiently.
Sharekhan
The broker offers commodity trading on both MCX and NCDEX, covering metals, energy, and agricultural futures, giving clients comprehensive access to India's two major commodity exchanges through a single account.
What Sharekhan is perhaps best known for is the quality of its research and the strength of its relationship management. The broker publishes free recommendations and research-backed strategies across commodities, and traders benefit from fundamental and technical calls that are grounded in thorough market analysis. The trading platform is available on desktop, web, and mobile, and commodity market access runs from 9 AM to 11:55 PM, covering the full extent of MCX's extended trading session.
Conclusion
India's commodity futures market continues to mature, with stronger regulations, deeper liquidity, and increasingly sophisticated trading platforms making it more accessible than ever before.
Whether you are a first-time trader drawn to gold futures or an experienced hedger managing crude oil exposure, there is a platform in this list built for your specific needs. The exchanges, MCX and NCDEX, form the foundation, while the brokers layer on technology, research, pricing, and support to differentiate their offerings. Take the time to evaluate platforms based on your trading style, the commodities you want to focus on, the importance of research versus platform features, and the brokerage structure that best suits your volume.