Mcx- a good broker?

#1
Hey Friends,

I want to start trading in MCX. Please Suggest Some Good Broker Who Gives Good Exposure & Of Course Low Brokerage.

For Specially Inter Commodity Arbitrage.

Please Friends Share You Experince.

I urgently needed a good broker.

Except ANGEL BROKING . THEY Trade in my account without my permission
 
#4
both zerodha & rksv are good brokers with cheapest brokerage in the industry with good customer service.
no doubt they are a lowest brokerage provider sir. But for margin requirement 2 times are not good compare to other i think.

But still waiting for more broker suggestion if u friends are using.
 
#5
commodity itself is a very leverage product, with just 30000 you can hold 1 kg of gold, and intraday you can you trade 1kg with just 15000/-.

Also remember leverage is a double edged sword.
absolutely right sir.


Is zerodha provide this kind of leverage sir?

Cause when i ask them they say 2 times means for gold future at 4% rate margin is required 1,20,000 i think. So i have to put 60000+ for gold margin .

Is it right sir?
 

soft_trader

Well-Known Member
#6
absolutely right sir.


Is zerodha provide this kind of leverage sir?

Cause when i ask them they say 2 times means for gold future at 4% rate margin is required 1,20,000 i think. So i have to put 60000+ for gold margin .

Is it right sir?
You calculations are correct.

Zerodha is providing 2x intraday leverage. Which is more than enough.

That means you can buy gold with just 2% margin of the value.
 
#7
Commodity itself is a very leverage product, with just 30000 you can hold 1 kg of gold, and intraday you can you trade 1kg with just 15000/-.

Also remember leverage is a double edged sword.

Which broker give this kind of leverage ?
i want to do calender spread in same commodity.
please give a idea.
 

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