The Indian commodity market has been growing tremendously over the past few years, with thousands of traders joining on a daily basis with the aim of making profits out of the short-term business opportunities in gold, silver, crude oil, among other commodities. In the case of these traders, the selection of the best commodity trading apps is of paramount importance, as the pace, efficiency, and low prices can make a major impact on the daily earnings. The correct app will assist you in monitoring movement in the market, making trades in seconds, and keeping your portfolio up to date.
Today, there are a lot of highly rated and trusted commodity trading applications available on the internet, so let us consider some of the best ones that can be used by daily traders in India and how they differ.
- Zerodha Kite
The Kite app of Zerodha can be regarded as one of the most successful commodity trading apps in India, both among novices and among professional traders. It is a quick, clean, and more than stable platform which is appreciated the most by the daily traders. Zerodha is one of the markets with the lowest brokerage, charging 0.03 percent or 20 on each executed order (whichever is less), one of the lowest in the market.
The app is advanced in charting, 100 different technical indicators, personal watchlists, and easy order entry - ideal to those who buy and sell commodities during the day, such as gold, silver, and crude oil. In addition, it can be connected directly to the ecosystem of Zerodha (Coin, Varsity, and Console) to conduct research and track the portfolio.
- Upstox Pro
Upstox Pro has emerged as a popular tool among traders who use it daily due to its user-friendly interface and extreme speed of use. The application can be used to trade commodities in MCX in real time and with detailed charts.
The technical analysis functionality is one of the most powerful characteristics of Upstox Pro, as traders are allowed to make informed trading choices with the help of drawing tools, patterns, and indicators. It also facilitates higher-order orders, such as stop-loss and cover orders, that enable traders to reduce risk in unstable markets. Upstox will be a good choice when one needs to make decisions fast and accurately; therefore, it has competitive brokerage rates and stability on apps.
- Groww App
Groww was initially focused on equity investments but has now ventured into commodities, and hence it is considered a one-stop investment place where traders deal in various asset classes. It is a great option for everyday traders who do not need a complicated and cluttered interface but do not need to sacrifice functionality.
Groww is built with equities, futures, options, and commodities that are seamlessly integrated so you can do all your trades in one application. The order execution speed and the brokerage is also clear and thus is appropriate to both a beginner and an intermediate level trader. Its content and live data information is also another plus in the trading experience.
- Angel One App
Angel One (previously Angel Broking) also has a strong mobile trading application that trades in commodities, together with equities and derivatives. Angel One has one of the most convenient packages of both full-service options and low-cost brokerage, which is what makes it one of the best commodity trading apps in India.
The application also provides AI-powered trading technology, expert advice, and live charts, which can guide everyday traders to make smarter decisions. It is supported with powerful research and analytical provisions, and thus it suits best traders who prefer to make decisions that are supported with data. Also, the application enables the transfer of funds using only a single click and order processing, making intraday transactions smooth.
- Dhan App
Dhan is a relatively new yet rapidly expanding firm in the Indian trading environment. It is created to suit active and professional traders. The application provides direct access to MCX on commodities, lightning speed, and a straightforward dashboard.
The difference is that Dhan is integrated with TradingView charts and the strategies that are pre-built, which are the best to use when you are trading commodities daily. It also offers real-time margin visibility, smooth transfer of funds, and personalized notifications - you will never miss an opportunity to trade. This is due to its efficient design and ability to trade commodities in a day-to-day efficient manner, making it one of the best apps.
Final Thoughts
In the case of selecting the most suitable commodity trading app among the daily traders in India, issues such as the brokerage, the speed of the execution process, the stability, as well as the technical analysis tools, become instrumental. The Zerodha Kite and Upstox Pro are the industry alternatives as they are known to be reliable and can be bought at reasonable prices. Groww and Angel One offer a comfortable and balanced trading experience, which suits multi-segment traders, whereas Dhan fits the requirements of people who rely on advanced charting and professional features.
The first thing to do before you begin to trade is to assess your needs. Are you interested in low brokerage, good research, or sophisticated features? and then select the app that suits your trading preferences. The right trading application will not only make your trading faster, it can also help improve your decision-making and make more profits in the extremely volatile commodity markets.
