How to open a commodity trading online account in India?
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You can open a commodity trading online account with a SEBI-recognised brokerage firm in India. You only need to fill an online form and submit the necessary KYC documents – PAN, ID, Address proof documents, and your income proof documents. You also need to submit your DEMAT account details so that the broker can link your commodity trading account to the DEMAT account. Linking the two accounts enables the broker to debit or credit your derivatives. Once you provide these details, you can pay the account activation fee, and the broker opens your account. You will receive your Trading ID and password, and you can begin commodity trading.