Commodity brokerage and charges on MCX (2026)
Commodity trades on MCX pay CTT instead of STT and follow MCX’s fee schedule. Here is every charge, with crude oil futures and options worked out.
Charges on an MCX trade
| Charge | Futures | Options | Side |
|---|---|---|---|
| Brokerage (discount) | ₹20 or 0.03% | ₹20 | Both |
| CTT (non-agri) | 0.01% | 0.05% of premium | Sell |
| MCX transaction | 0.0021% | 0.0418% of premium | Both |
| SEBI fee | ₹10 per crore | Both | |
| Stamp duty | 0.002% | 0.003% | Buy |
| GST | 18% on brokerage + exchange + SEBI | — | |
Commodity transaction tax (CTT) replaces STT. Notified agricultural commodities are exempt from CTT.
Crude oil futures example
One crude oil lot is 100 barrels. Buy at ₹6,000 and sell at ₹6,000 (a flat trade): ₹6,00,000 each way, ₹12,00,000 turnover.
| Brokerage (₹20 × 2) | ₹40.00 |
| CTT 0.01% × ₹6,00,000 | ₹60.00 |
| MCX 0.0021% × ₹12,00,000 | ₹25.20 |
| SEBI fee | ₹1.20 |
| Stamp duty 0.002% × ₹6,00,000 | ₹12.00 |
| GST 18% × ₹66.40 | ₹11.95 |
| Total | ₹150.35 |
Crude oil has to move about ₹1.50 per barrel in your favour just to cover costs.
Commodity options example
Buy a crude oil option (100 barrels) at ₹120 and sell at ₹140: premium turnover ₹26,000. Brokerage ₹40, CTT ₹7, MCX charges ₹10.87, stamp duty ₹0.36 and GST ₹9.16 bring total charges to about ₹67.41; the net profit is ₹1,932.59.
Common MCX contracts and lot sizes
| Contract | Lot size | Price quoted per |
|---|---|---|
| Crude Oil | 100 barrels | barrel |
| Crude Oil Mini | 10 barrels | barrel |
| Natural Gas | 1,250 mmBtu | mmBtu |
| Gold | 1 kg | 10 grams |
| Gold Mini | 100 grams | 10 grams |
| Silver | 30 kg | kg |
| Silver Mini | 5 kg | kg |
Contract specifications are set by MCX and can change, so confirm the lot size in your trading app. Because the price of gold is quoted per 10 grams but the lot is 1 kg, the contract value is the price × 100, which is why one gold lot carries far larger charges than its quoted price suggests. In the calculator, enter the contract value per unit you actually trade and the number of units in a lot.
As a rule of thumb, statutory charges on MCX futures (CTT, MCX fees, SEBI fee, stamp duty and GST on fees) come to about ₹86 for every ₹10 lakh of round-trip turnover, before brokerage.
How commodity charges differ from equity F&O
- CTT is lower than equity STT on futures: 0.01% versus 0.05%.
- MCX charges follow their own schedule and can differ by contract.
- Trading hours run into the evening, and margins follow MCX rules.
- No DP charges, because commodity derivatives are not held in your equity demat.
Commodity brokerage calculator
Choose MCX futures or MCX options in the brokerage calculator, set the lots and lot size, and every charge is calculated with these rates.
Sources: NSE and BSE transaction charge circulars, the Finance Act 2026 (STT), SEBI fee schedule, the Indian Stamp Act as amended in 2020, and the published rate cards of Zerodha, Groww, Upstox and Angel One, checked in October 2026.
Frequently asked questions
What is commodity transaction tax?
CTT is a tax on commodity derivative trades: 0.01% on the sell side of non-agricultural futures and 0.05% on options premium sold. Agricultural commodities are exempt.
What are MCX transaction charges?
Around 0.0021% of turnover on futures and 0.0418% of premium on options, as passed on by major discount brokers. They are revised by MCX from time to time.
How much does one crude oil lot cost in charges?
At ₹6,000 per barrel (100-barrel lot), a round trip costs about ₹150 in charges at ₹20 per order.
Are DP charges applied on MCX trades?
No. DP charges apply only when shares are debited from an equity demat account.
Calculators for this guide
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Written and maintained by Mantu Kumar
Mantu builds TradeProfy’s calculators and checks every statutory rate against exchange circulars, broker rate cards and the Finance Act. He is not a SEBI-registered adviser, so TradeProfy explains costs and maths but never tells you what to trade.
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