Why Trade in Commodities With Sharekhan?

Why should you trade with Sharekhan?

Although most of the existing equity brokers also have a membership with MCX and NCDEX and offer commodity future services, you can confidently decide to trade with Sharekhan because you are sure to enjoy the following benefits.

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MARKET CREDIBILITY:

Sharekhan is the country's leading online trading portal having a presence of more than 2400 locations in 575 cities.

INTEGRATED CONVENIENT PLATFORM:

Commodities on the major recognized commodity exchanges can be traded from a single platform along with other segments.

DEDICATED SUPPORT :

Online and phone support provided by a Relationship manager, online trading support via messenger, access to online risk management software, and also round-the-year workshops for learning.

RESEARCH REPORTS :

Sharekhan's research reports daily that include fundamental and technical short term and long term positional & intraday calls helps to keep in touch.

MULTILEVEL EXECUTION

  • On your own using TradeTiger platform

  • Using Share mobile App on Your Android Smartphone or I-phone

  • At your local outlet

  • Access to Centralised dealing desk at the head office & regional office

  • A dedicated DialinTrade service

What is the minimum investment needed?

You can start trading with an amount as low as Rs.5,000/- as you need only the money for margins that has to be paid upfront to exchanges through Sharekhan.

The margin requirement range between 5 to10 percent of the contract value.

For trading in gold and silver, the minimum amount required can be as low as Rs.150/- for one gram of Gold and Rs 1600/- for one Kg. silver. The trading lots and prices in agricultural commodities vary among exchanges (in tonnes, kilos or quintals), here also the minimum funds required to start will be around Rs. 5,000/-.

Is it necessary to settle by cash or make delivery?

As the exchanges have both systems - delivery and cash and delivery, you can do both. If you choose to settle your contract by cash, it has to be indicated at the time of placing the order that you don't intend to deliver the item.

You must have the required warehouse receipts if you have plans to take or make delivery. The option of settlement in cash or delivery may be changed any number of times until the date of the expiry of the contract.

What are the requirements to start trading in commodities?

You will have to submit the prescribed client registration form to Sharekhan. This includes the KYC (Know Your Client) procedure similar to the format used in equity trading and accepts the terms of conditions of the exchanges and broker. In addition to this, you will need to provide mandatory details such as PAN no., bank account details, address proofs, etc.