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Who are the top 5 commodity brokers in India?

Based on active MCX client data from the official MCX Complaint Report 1C (December 2025), here are the top 5 commodity brokers in India by number of active clients registered at MCX:

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Rank Broker Active MCX Clients Commodity Brokerage Research
① Angel One 1,38,51,510 ₹20 or 0.25% (lower) Yes
② Groww (invite-only) 1,77,62,42 ₹20/order (flat) No
③ Upstox 1,55,53,53 ₹20 or 0.05% (lower) No
④ ICICI Direct 1,16,34,61 ₹20/order (iValue plan) Yes
⑤ Kotak Securities 1,07,62,51 ₹20/order (Neo plan) Yes

Topic: Top 10 Commodity Brokers in India FAQs

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