Commodity Market is open from 9:00 AM till 11:30/11:55* PM for trading
*Timings till 11:30 PM applies from 2nd Sunday of March to 1st Sunday of November due to US Daylight Savings
By default, the brokerage for Commodity trades is Rs. 20/order.
However, If the customer wants advisory support, there are some other brokerage plans too.
At ICICIdirect, Cotton is the only Agri-Commodity available for trading.
No, ICICIdirect does not allow delivery of the Commodities.
Yes, you can trade commodities on Mobile App- ICICIdirect Markets App & ICICIdirect App. These apps are available on Google Play Store as well as App Store.
At ICICIdirect, you can trade into Gold, Silver, Crude Oil, Natural Gas, Copper, Aluminium, Lead, Zinc, Nickel, Cotton.
Mini Contracts are available for Gold, Silver, Silver, Crude Oil, Natural Gas, Aluminium, Lead, Zinc. Mini contracts are smaller in size and require less capital.
Yes, now you can pledge your shares and allocate the created limits to the Commodity Segment and start trading.
Futures:
At ICICIdirect, the Physically-settled Commodity futures are squared-off 5 working days before the expiry of the contract around 4:30 PM. However, the Cash-settled futures of Crude Oil & Natural Gas can be traded till Expiry Day upto 4:30 PM.
Options:
All Commodity Options can be traded till expiry
On the day of settlement, the cut-off timing for all the future and option positions square-up is 4:30 PM.
Daily Profit/loss will be credited/debited to the account on the next trading day before the market hours.