To begin with, ICICIdirect offers its customers execution capability on the Multi Commodity Exchange of India Ltd (MCX).

Enabled contracts will be displayed for trading on the site when you select contracts either through the Place order link or the Commodity List page.

Trading in Commodity derivatives through www.icicidirect.com is allowed during the exchange specified timings. Currently the trading hours on MCX for Commodity derivatives from Monday to Friday between 9:00 A.M. to 11:30 P.M. (up to 11:55 P.M. on account of day light savings typically between every November and March of the following year). Domestic Agri-commodities are available for futures trading up to 5:00 PM. Internationally linked Agri-commodities are available up to 09:00 PM as notified by SEBI/Exchange. Please note these exchange timings are subject to change from time to time on any day for any reason that exchange may deem fit.

You will be able to start trading in commodities, if you are an existing customer with 3-in-1 ICICIdirect.com account or have opened a new trading account and your linked ICICI bank account is more than 6 months old or have securities value above Rs.5000 in your linked ICICI Bank demat account or have given financial documents physically. You can activate your account by accepting online Terms and Conditions for Commodity Derivatives and submitting Mandatory Communication Details wherein you will have to give mandatory details and commodities preference. This 'Mandatory communication Details' page will be displayed post acceptance of Terms and Conditions. If you are a resident Indian then your Gross Annual income should have been update within 18 months, if you are a corporate then your networth should have been updated within 18 months. You can update your gross annual income p. a./Networth under Setting > Personnel Details –>Other Details tab.

If you have not linked your ICICI Bank account and have linked other bank for trading, then either you have to give the financial document or you should have securities above Rs. 5000 in your linked ICICI Bank demat account to start trading in commodity segment.

For further information on the above feel free to contact our customer care numbers or you may also write to us at  helpdesk@icicidirect.com

Existing customers: If you have existing 3-in-1 account and your linked Bank account is more than 6 months old or you have securities value above Rs.5000, then you can activate your account for Commodity Derivatives Segment online by accepting the Online Terms and Conditions for Commodity Derivative and submitting Mandatory Communication Details wherein you will have to give mandatory details and commodities preference. If your linked Bank Account is not more than 6 months old or you do not have minimum shareholding of Rs.5000 then you can activate your account for Commodity Derivative Segment by submitting the prescribed documentation.

If your linked bank account is other than ICICI Bank account, then you need to submit prescribed financial document for activation or need to have securities value above Rs.5000.

New customers: If you are not already a registered customer of I-Sec, you will have to open a 3-in-1 or 2-in-1 account with I-Sec by providing proof of identity and address, as prescribed. However, you will be able to trade in commodity only if you have submitted the financial document or fulfilled the criteria as mentioned in point..

As a customer of ICICIdirect, you can now trade in commodities options on MCX. It comes with a comprehensive tracking cum risk management solution to give you enhanced leveraging on your trading limits.

In Commodity options trading, you take buy/sell positions in commodities options contracts expiring in different months with various Strike Price. If, during the course of the contract life, the price moves in your favour, you make a profit. In case the price movement is adverse, you incur a loss. To take the buy/sell position on commodities options, you have to place certain % of order value as margin.

An European Put CRUDE Options expiring on 30 May 2022 with a strike price of 8000 is described as OPT-CRUDE-30-May-2022-8000-PE. OPT denotes Option, CRUDE is the commodity, 30-May-2022 is the expiry date of the contract, 8000 is the strike price and PE denotes it is an European Put option.

In 'Commodity' segment click on "Place Order" tab and select Options product, post which you need to define the Underlying. On clicking on "Select contract", the whole list of contracts available in the given underlying expiring in different months would be displayed. Depending on your interest, you can select one of the contracts by clicking on buy / sell link. You need to define the order type i.e. market or limit, Order Validity i.e. Day or IOC (Immediate or Cancel) or GTC (Good Till Cancelled) or GTD (Good Till Date), limit price and stop loss trigger price if any.

Enabled Commodity Options underlying will be displayed for trading on the site when you select contracts either through the Place order link or the Commodity List- Options page.

Trading in Commodity Options through www.icicidirect.com is allowed during the exchange specified timings. Currently the trading hours on MCX for Commodity Options are from Monday to Friday between 9:00 A.M. to 11:30 P.M. (up to 11:55 P.M. on account of day light savings typically between every November and March of the following year). Please note these exchange timings are subject to change from time to time on any day for any reason that exchange may deem fit.

You would be able to trade in Commodity Options, if you are an existing customer with 3-in-1 ICICIdirect.com account or have opened a new trading account and your linked ICICI bank account is more than 6 months old or have securities value above Rs. 100 in your linked ICICI Bank demat account or have uploaded financial documents online. If above criteria is fulfilled, then visit commodity derivatives segment at ICICIdirect and accept Terms & Conditions and submit mandatory declaration. Post this Commodity segment will be enabled in one working day.