How Can I Trade Commodity Options in HDFC Securities?

HDFC Securities is one of the most reputed financial services organizations in India. The firm is registered with both MCX and NCDEX. So, it allows you to trade in the commodity market. 

Process To Enable Derivatives Trading in HDFC Securities

Step 1: Visit the Derivatives Privilege portal on the HDFC Securities website.

To trade derivatives like futures and options you need to enable the ‘Derivative Privilege’. You can do it online through HDFC Securities. Go to their website and move on to the derivatives section.

Step 2: Fill in the details and submit relevant documents

You need to fill in all this detail. After you click on proceed, you will be asked to upload the documents. These include six months’ latest bank statement, form 16 or your last month’s salary slip, and your income tax returns. You have to upload any one of the documents. 

Step 3: Get the derivatives trading facility enabled and start trading

Once you successfully upload the documents after plus three days you will be informed that your derivative privilege is activated or rejected. If it is activated then you can start trading commodity options through the HDFC Securities platform.

HDFC Securities Commodity Trading Charges 

The HDFC commodities trading fees for commodity futures trading are equal to 0.025% for each trade. In addition, the brokerage is decreased to 0.020% for each trade if you choose the square-off trade. However, in both instances, the minimum charges are set at Rs. 20.

The brokerage charge for trading commodity options is Rs.100 per lot. Commodity transaction tax fees are equal to 0.05% on Option Premium (Sell Side). In addition, the brokerage is decreased to 0.020% for each trade if you choose the square-off trade. However, in both instances, the minimum charges are set at Rs. 20. 

You can subscribe to the derivatives value plan if you want to opt for rupees 20 per order brokerage.