SBIcap Securities: Commodity Trading: Brokerage, Charges, Reviews: 2024

SBI CAP Securities is a leading security service provider in India. By using the SBI CAP Securities you can avail yourself services such as equity, derivatives, mutual fund, online trading, online IPO, depository, portfolio management, and so on.

So now one of the essential questions arises here that if you can perform commodity trading by using SBI CAP Securities or not? If yes, then how can you do the same? Here in this article, we are particularly going to look into it.

Can you do commodity trading in SBI CAP Securities?

The answer to this question can be both yes and no. You cannot use the SBI Securities 3-in-1 account for trading in commodities derivatives such as crude oil, gold, silver, or copper at MCX.

However, you can invest in commodity products where Exchange Traded Funds are available such as gold. In India, therefore, you can use SBI Securities 3-in-1 account to invest in gold as a commodity product. But for that, you need to commodity segment for your account. You can easily do so by following the below-mentioned steps:

Step 1: For activating the commodity segment for your trading account, you need to give online consent to www.sbismart.com

Step 2: Now you need to provide your PAN and GST number (if available), next select the appropriate income details from the drop-down, along with the details regarding the years of experience in Commodity trading and Nominee details (optional).

Step 3: Upon entering your PAN, it will check whether the account is active and whether the FNO segment is allowed.

Step 4: After doing successful PAN verification and accepting the terms and conditions, an OTP will be sent on the mobile number and email ID registered with the SBI Securities 3-in-1 account.

Step 5: Finally, after successful OTP verification, a request to activate commodity trading will be accepted and the process will be initiated.

Conclusion

So that's it! We hope you got your answer regarding the commodity trading in SBI CAP Securities. If you have any other queries, feel free to comment down below and let us know the same.