A commodity trading app lets you trade futures and options on commodities like crude oil, gold, silver and natural gas. An MCX trading app gives you access to contracts listed on the Multi Commodity Exchange of India (MCX).
The best app for you depends on what you need. You might want a broker app to place orders, or a platform that helps you test and build a commodity strategy first. Start with the MCX contracts you trade, then compare tools, charges and account rules.
Which Is the Best Commodity Trading App in India?
There is no single best app for every trader, but each of these stands out for a clear reason:
AlgoTest is best for strategy-based MCX trading, as one of the few platforms in India where you can backtest MCX strategies.
Zerodha Kite is best for trading commodities in a familiar, all-round broker app.
FYERS is best for commodity F&O traders who want specialist order tools.
Upstox is best for trading commodities across mobile and web.
Angel One is best for trading commodities alongside other investing products.
Groww is best for existing Groww users who want to add commodities.
Dhan is an option for traders who place commodity orders from charts.
What Is a Commodity Trading App?
A commodity trading app lets you view commodity prices and place orders for commodity futures and options through your broker. Not every commodity tool does the same job, so it helps to know the three types:
A broker app holds your account and funds, and sends your orders to the exchange.
A commodity trading platform, like AlgoTest, connects to your broker and adds backtesting, strategy building and automation.
A virtual trading tool lets you practise with virtual money instead of sending live orders.
Most active traders use both: a broker account for funds and a platform for strategy.
Check out the list of best brokers for algo trading in India
7 Best Commodity Trading Platforms in India Compared
1. AlgoTest: For Backtesting and Executing MCX Strategies
AlgoTest is a trading and strategy platform that connects to your broker. It is one of the few platforms in India where you can backtest MCX strategies, and you can build, practise and trade them in the same place.
Why consider it:
You can backtest MCX strategies on historical data before you trade them live.
You can build multi-leg commodity positions and check their payoff in the Strategy Builder.
You can replay past sessions on the Option Simulator to practise without risking money.
You can trade Crude Oil, Gold, Natural Gas and Silver futures and options, and place trades directly with ClickTrade.
You can read MCX contracts on the AlgoTest option chain, next to your index option chains.
What to check: MCX execution runs through Zerodha today, and support for more brokers is coming soon. MCX access costs a flat ₹2,000 per month on top of your AlgoTest plan, across every broker linked to your account.
Our take: The strongest pick if you want to test a commodity strategy before you trade it, not just place orders.
For automation-focused tools, read our guide to the best MCX algo trading software in India.
2. Zerodha Kite: For Commodity Trading in a Familiar Broker App
Zerodha offers commodity trading through Kite, covering futures and options across bullion, energy and base metals. It suits traders who want to manage commodity positions in the same app they use for other segments.
Why consider it:
You can trade MCX options on Gold, Gold Mini, Silver, Silver Mini, Crude Oil, Crude Oil Mini, Natural Gas, Natural Gas Mini, Copper and Zinc.
Kite offers advanced charts, GTT orders and baskets.
Zerodha publishes clear guidance on commodity expiry and settlement.
What to check: Zerodha does not allow physical delivery of commodities. It squares off physically settled MCX contracts one day before the tender period starts. Intraday (MIS) is allowed only on energy options, and market orders are blocked for MCX options.
Our take: A practical choice for existing Kite users who want a direct broker interface.
3. FYERS: For Commodity F&O With Specialist Order Tools
FYERS lets you trade commodity futures and options in its Option Scalper, a fast order-entry terminal, once your commodity segment is active.
Why consider it:
You can search, review and place commodity F&O orders from one terminal.
FYERS offers advanced charting and API access for traders who build their own tools.
What to check: Confirm that your contract is available and your commodity segment is active. To place limit orders, you may need to turn off Quick Trade Mode and use the standard order window.
Our take: Worth testing if the order-entry screen matters a lot in your decision.
4. Upstox: For Commodity Trading Across Mobile and Web
Upstox supports MCX commodities alongside equity and F&O, with strong charting on both the web and the mobile app.
Why consider it:
You can trade commodities on mobile and web with the same account.
You get TradingView charts, Chart 360 and option chain analytics.
AMC is free for the first year for users who joined from 14 February 2025.
What to check: Commodity futures and options are charged differently, so check the rate on your account before you trade.
Our take: A good fit if you already use Upstox and want commodities without switching brokers.
5. Angel One: For Commodities Alongside Other Products
Angel One offers commodity trading on MCX and NCDEX, alongside stocks, mutual funds and other investing products.
Why consider it:
You can manage commodities and other investments in one account.
Research and screeners are built into the app.
New users pay ₹0 brokerage up to ₹500 in their first 30 days.
What to check: Confirm which commodity segments and exchanges are enabled on your account before you trade.
Our take: Worth considering if you want several products under one broker.
6. Groww: For Existing Groww Users Adding Commodities
Groww added commodity trading for all users in October 2025, covering bullion, energy and base metal contracts.
Why consider it:
You can trade crude oil, gold, silver and natural gas contracts, including mini variants.
Charts include multiple time frames and 100+ indicators.
You can track open positions, live P&L and margin use in one place.
Account opening and maintenance are ₹0.
What to check: Confirm that your exact contract and order type are available.
Our take: A simple choice for traders who already use Groww.
7. Dhan: For Commodity Trading From Charts
Dhan lets you trade commodity futures and options across its app, web platform and TradingView charts.
Why consider it:
You can place commodity orders directly from charts.
The commodity option chain shows Greeks, open interest and volume.
What to check: Confirm your contract and order type. Dhan’s embedded TradingView charts and a connection to TradingView.com are separate features, so check which one fits your workflow.
Our take: An option for traders who place most of their orders from charts.
Why Choose AlgoTest for Commodity Trading
A broker app helps you place an order. AlgoTest helps you test which order is worth placing, then places it.
You can backtest a commodity strategy on historical MCX data, which few platforms in India offer.
You can build the same strategy in the Strategy Builder and check its max profit, max loss and breakeven before you enter.
You can practise it on past sessions with the Option Simulator before trading live.
You can see your MCX and index option chains in one place.
You can trade with ClickTrade, then automate the strategy once your rules are clear.
One ₹2,000 monthly add-on covers MCX across every broker linked to your account.
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How Much Do Commodity Trading Apps Cost?
Compare brokerage and platform charges separately. A broker charges per order, while a platform like AlgoTest charges a monthly fee for its tools.
These rates were checked on 16 October 2026. CTT, exchange charges, GST and stamp duty are extra on every app.
For example, if you enter and exit a trade with two orders at ₹20 each, your brokerage is ₹40 before other charges. Extra legs or separate exit orders add to that, so estimate the cost of a typical trading month.
How to Choose the Best App for MCX Trading
Before choosing the best app for commodity/MCX trading, ask these questions.
Does It Support Your Exact Commodity Contract?
Search for the exact contract you want, such as Crude Oil Mini or Gold Mini options, since mini variants are not always listed. Each contract’s MCX lot size also decides your margin and your P&L per price move.
Can You Read the Option Chain and Manage Orders Easily?
For options, check that you can see strikes, expiries, bid-ask prices and open interest in one view. Some brokers block market orders or intraday (MIS) trades on commodity options, so check whether limit, stop-loss and GTT orders are available.
Are Margin and Expiry Rules Clear?
In-the-money commodity options can turn into futures at expiry, which needs far more margin than the option. Check your broker’s delivery and square-off rules before you hold a position close to expiry.
Does the Platform Fit Your Trading Hours?
Most MCX moves happen in the evening, when US markets are open. Check your contract’s session and your broker’s intraday square-off time in our MCX trading time guide.
Can You Use an MCX Virtual Trading App Before Trading Live?
Yes, but check that the tool supports your exact MCX contract, since many simulators only cover stocks or index options. Most broker apps also don’t let you test a commodity strategy on past data.
On AlgoTest, you can backtest an MCX strategy on historical data and replay past sessions on the Option Simulator, both without risking real money. Make sure any tool you use applies the correct lot size and includes trading costs.
Simulated fills can still differ from live ones because of slippage. Our guide on paper trading vs live trading explains what changes when real money is involved.
Pick an App, Then Test Your Commodity Strategy
Start with a broker app that supports your contracts and fits your budget. Then define your entry, exit and position risk, and backtest the plan across calm and volatile sessions before you trade it live.
AlgoTest helps you move from an idea to a strategy you can inspect and test before deciding whether to deploy, now with MCX backtesting and execution alongside your index trading.
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FAQs
Which is the best commodity trading app in India?
Zerodha Kite is a strong all-round broker app for MCX trading. If you want to test and trade commodity strategies, AlgoTest adds MCX backtesting, a Strategy Builder, an Option Simulator and ClickTrade on top of your Zerodha account.
Which app is best for MCX trading?
For placing MCX orders, Zerodha Kite, FYERS, Upstox and Dhan are popular choices, each charging about ₹20 per order. For strategy-based MCX trading, AlgoTest is the better fit.
Can I backtest MCX strategies?
Yes. AlgoTest is one of the few platforms in India that lets you backtest MCX strategies on historical data. You can then trade Crude Oil, Gold, Natural Gas and Silver futures and options through Zerodha, for ₹2,000 per month on top of your AlgoTest plan.
Is there an MCX virtual trading app?
Most broker apps don’t offer a commodity demo mode. On AlgoTest, you can replay past MCX sessions on the Option Simulator and practise a trade without risking real money.
What are the charges for commodity trading in India?
Most brokers charge about ₹20 per executed order for commodity futures and options. You also pay CTT, exchange transaction charges, GST and stamp duty, so check the full cost before you trade.
What is the best commodity trading software in India?
Commodity trading software adds tools your broker app lacks. AlgoTest combines MCX backtesting, a Strategy Builder and an Option Simulator with ClickTrade execution in one place.