In today’s advanced world where you could buy and sell commodities from your convenient space, there exists an array of online platforms that deal with a wide variety of products. From stocks, bonds, futures, to currencies, most of the things could be traded through online platforms. These sites, brought in by famous brokers, are made available to every single person who wants to earn money by selling their commodities online. Here are some common advantages of online commodity trading that are worth knowing. Let’s have a look:

1) Online Trading is Convenient

No matter where you live and what type of audience you target, online business is a much convenient option than the land-based company. All that you need to do is open a trading account and put the commodities you want to sell. As long as you get a good internet connection, you won’t face any trouble.

2) It is inexpensive

Commencing your business is a big decision and a long-term investment. But if you are opting for online commodity trading, you’ll need to pay lower broker fees than the commission charged in the conventional approach. In fact, you could also get a reasonable discount on the broker’s fee if you trade in a large volume of commodities.

3) Monitoring your Investment is Easier

Working on an online platform, you can trade your shares as per your convenience. In fact, there are multiple online tools designed to help investors find out the number of commodities they sell per day and the overall performance of their business.

4) It Eliminates the Middleman

Unlike the traditional trading approach that involves multiple intermediaries and thus, results in less profit, the online trading system almost eliminates the need for a middleman. The elimination of a middleman not only results in the lower trading cost but it makes the commodity selling process hassle-free.

5) Investors get Better Control

Gone are the days when investors had to depend on brokers to place their order and buy them the commodities. Today, online traders can buy and sell commodities whenever they want. It allows investors to go through all the available options rather than just relying on their brokers to find them the best deal.

6) Faster Transactions

Everyone knows how efficient and accurate the online transaction has become, don’t you? It doesn’t take long for your bank institution to reflect the transaction in your bank account. In fact, you’ll be amazed to see how quickly you get your earnings credited to your account.

7) Easier Order Placement

Not only is it easier for consumers to buy their desired commodities within a click of the mouse but the online platforms make it convenient for the seller to put the commodities for sale and process the transactions rapidly.

8) Better Comprehension of Money

Want to know about the hidden benefit of online commodity trading? Similar to traditional commodity trading, you can easily anticipate the market behaviour to know what fluctuations in rates of the commodity are about to happen. This will boost your understanding of the commodity market and make you a veteran in this realm.

9) More Customers

While the traditional commodity trading method might not help you gain a large number of visitors, online commodity trading is an ideal technique to draw the attention of your target audience. Wondering how? The easier your customer finds placing an order, the more they’ll be interested in dealing with you.

10) Better Revenue

Once you get the attention of a large number of folks, it won’t be challenging for you to turn them into your regular customers. The larger the number of customers you have, the higher will be your annual revenue.

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/MD011-40345555admin@gillbroking.com
2 Charanpreet GillWhole Time Director011-40345555gillbroking@gmail.com
3 Charanpreet GillCompliance officer011-40345555compliance@gillbroking.com
4Manpriya GillDesignated Director-1011-40345555manngill04@gmail.com
5Kewal GillDesignated Director-2011-40345555fvwealth@gmail.com

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