Mcx- a good broker?

[viharpatel]

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

 

[soft_trader]

You can Go for Zerodha. They provides 2x margin in commodities intraday.

 

[viharpatel]

Hey Thanks For Suggestion.

 

[viharpatel]

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.

 

[viharpatel]

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]

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.

 

[viharpatel]

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.

 

[viharpatel]

hey anybody have a idea about this broker?

http://www.lowbrokerage.in/index.html#

 

[dkl]

low brokerage good But not register in SEBI be care full Brother
conform sebi site
http://www.sebi.gov.in/pmd_mb.jsp?listCode=C

 

[viharpatel]

Thanks for clearing that this cheap brokers are not registered in SEBI.

low brokerage good But not register in SEBI be care full Brother
conform sebi site
http://www.sebi.gov.in/pmd_mb.jsp?listCode=C