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Can I do commodity trading in Icici direct?

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Can I do commodity trading in Icici direct?

As a customer of ICICIdirect, now you can trade on Commodity Futures on MCX. It comes with a comprehensive tracking cum risk management solution to give you enhanced leveraging on your trading limits.

How can I get gold commodity in ICICIdirect?

Gold ETFs can be bought/sold anytime through ICICIdirect.com at transparent prices available for view at ICICIdirect website. Unlike gold coins and bars, which banks don’t buy back and most jewellers only offer to exchange , Gold ETFs can be sold anytime through ICICIdirect.com.

How can I buy MCX?

Beginners guide to trading gold through MCX

  1. Find and select a broker – Brokering firms are the best way to enter the MCX and one should choose a firm which matches his/her ideals and aspirations.
  2. Register – An individual should register himself in order to trade in gold and is required to fill in an application form.
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How can I reduce brokerage charges in ICICIDirect?

The brokerage reduces as you move to a higher prepaid plan. ICICI Direct Prime Plan offers an eATM facility with reduced brokerage charges for a fixed yearly fee of Rs 900, Rs 4500 or Rs 9500. The brokerage in Rs 900 Prime Plan is 0.25\% in cash, 0.025\% in intra-day and future and Rs 35 per lot for options.

How do commodity traders make money in India?

10 Ways To Ensure Profit in Commodity Trading

  1. Trail your stop loss to Break-even point (BEP)as soon as the price goes in your favour.
  2. Don’t average your winning trades at reversal points.
  3. Trade smaller contracts.
  4. Buy options as a stop loss/trailing stop loss once the trade goes in your favour/against you.

How can I buy Icici direct commodities online?

Steps to buy commodity online in ICICI Direct

  1. Login to ICICIDirect.com or ICICI Direct Mobile app.
  2. Click on the ‘Commodity’ tab.
  3. Click on the ‘Place Order’ link.
  4. Choose Underlying (i.e. Crude, Gold) and select Contract.
  5. Enter Quantity and choose Order Type (Limit or Market).
  6. Click the Buy button.
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