MCX is to commodity trading what BSE/NSE is to stock trading. MCX is the abbreviated form of Multi Commodity Exchange, which started its operations in the year 2003 in India.
MCX Trading deals with trading of a wide range of commodities such as silver, gold, copper, lead, crude oil, agricultural commodities, spices, etc.
The MCX trading platform is India’s biggest commodity futures exchange.
Trading (buying as well as selling of commodities) that takes place on MCX is known as MCX Trading.
Futures are a type of financial contract wherein the buyer and seller are obligated to honor their part of the agreement, at a pre-determined price and a pre-determined time period. A commodity future transaction is an agreement to purchase or sell a pre-determined amount of commodity on a fixed future date at a fixed price. Commodity futures are a kind of derivative and are generally used as a hedge or take a protection position in the chosen underlying asset.
Commodities can be broadly divided into two groups – soft and hard.
What is a soft commodity?
Agricultural products are classified as soft commodities. The prices of these commodities is heavily influenced by changes in climatic or weather conditions. Examples of soft commodities include wheat, corn, soybean, coffee, sugar, cocoa, pepper, etc.
What is a hard commodity?
These are essentially natural resources that need to be mined or extracted. key characteristics of hard commodities is their ease of storage and indifference to climatic conditions. Rather they are impacted by factors such as global economic conditions, industrial demand or production, etc. Examples of hard commodities include rubber, gold, crude oil, etc
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TradeSmart transformed my trading journey with its intuitive platform and exceptional customer service, making every transaction seamless.
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The dedication of the TradeSmart team to swift and helpful support has made all the difference in my investment strategies.
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TradeSmart transformed my trading journey with its intuitive platform and exceptional customer service, making every transaction seamless.
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The dedication of the TradeSmart team to swift and helpful support has made all the difference in my investment strategies.
Choosing the right investment platform plays a crucial role in the success and profitability of your investment. We at TradeSmart have a rich experience of more than two decades in the brokerage business and are equipped with the right resources (human capital, technology and market knowledge) to help you optimize your ROI. Moreover, our values of trust and transparency (derived from our parent organization – VNS Finance) will give you the much needed peace of mind while trusting your hard-earned money with us. Here are some reasons why you should invest with us.
We employ cutting-edge technology in all our processes to enhance user experience and stay ahead of the curve. Read More
Trading with us gives you the freedom to trade on the move. MCX Virtual trading allows you to access trading services from multiple platforms such as mobile, desktop, web, etc.
We are committed to support our customers through each and every step of their trading journey.
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We strive to give the highest output with the least input. Our technological and market strength enables us to bring
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We pride ourselves in offering something for everyone. Our flexible and diversified pricing plans cater to a wide range of investors, irrespective of their trading needs.
MCX trading falls under the overview of SEBI (Securities and Exchange Board of India). Till the year 2015, it was regulated by Forward Market Commission.
MCX trading takes place between 9am IST and 11.30pm IST (Monday to Friday). The end time is changed to 11.55pm to account for daylight savings, usually between the months of November and March.
Trading of any can be an overwhelming experience, especially for new investors. Here are some points to keep in mind while going for MCX trading.
Trading through TradeSmart online gives you the benefit of MCX low brokerage. The brokerage rates are dependent on the MCX trading levels. Value trading plans (0.007%) are ideal for MCX traders with low volumes. Power Trading plan (Rs. 15 per executed order) is suitable for higher volume traders.
You can use the MCX brokerage calculator to compute the exact amount you will pay as MCX brokerage expenses, as per the various brokerage plans available with us.
MCX Traders need to pay the following charges:
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