You will need a commodity trading account to trade in commodity futures and options. With a commodity trading account, you can trade products like agriculture, minerals, and bullion. The commodity trading works in futures and options such as Gold futures, silver futures, crude futures and agri derivative products.
Futures contracts enable you to buy or sell a large range of commodities on a predetermined future date. Options enable to hold a position in commodities by paying a premium on the strike price.
Futures and options are traded only on the commodity exchanges like Multi-Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX). You can open a commodity trading account with Flattrade.
You create a digital commodity account by signing up on Flattrade. While opening an online commodity trading account, you may require selecting commodity on the segment page. Here are the easy steps for opening an online commodity trading account.