Indian Business Trade(IBT)

 Indian Business Trade

 

What happens in a marketplace? A trader can buy&sell or sell&buy which is considered as a trading activity. This can happen in both physical and virtual market (Stock exchange). Commodity trading has become more prevalent with the advancement of online trading platforms. This is where the commodity brokers play a vital role trying to offer the lowest brokerage and capture the traders.  The categories of commodities which can be traded in commodity trading market are as follows: 1. Metals 2. Energy 3. Agri 4. Livestock & Meat

Traders most often search for best online commodity brokerage companies. They are also interested in the top 10 commodity brokers in their region or state in particular. Choosing a commodity broker in a particular region or state which the trader belongs to will help them get good guidance and support in their vernacular language to open an account and pre and post account opening support. For example: If the trader is from Tamilnadu, he/she can choose the commodity broker from Tamilnadu or if they want to be more specific, they can choose a particular region like Chennai, Coimbatore best online commodity brokers.

There are some essential things which a trader has to look into when choosing an online commodity trading broker. Whether the company is one among the top 10 commodity brokers, whether they offer the lowest brokerage among the online commodity brokerage companies, the info mentioned in the website is provided with MCX and SEBI registration ID numbers. Is the compliance officer’s contact info and other departments contact details mentioned, Does the commodity broking company have an Online e-KYC option, etc.?

The other important features to look into are the kinds of reports published in the website, the different trading platforms offered by the broking company and if its user-friendly, the ratings provided for the mobile application, if there are dedicated support team and above all the taxes involved in commodity trading. Indian Business Trade is the only online commodity trading company in south India which has launched – Pay only when you earn! Trading through IBT gives the freedom to traders to pay their brokerage only on each profitable trade. Brokerage shall not be levied if the trader does nor end up with profit on the transaction and only Taxes will be applicable as per govt norms.