Dear Nithin Kamath
Most of the brokerage houses dont allow to tradeon both NSE & MCX with one investment. However there are a few like BMA Wealth who allow traders to trade both on NSE & MCX with one investment.
Zerodha is very trader friendly when compared to all other brokerage houses. When can we expect to trade on both NSE & MCX with one investment?
Regards
Rajesh
Rajesh it is legally not possible to do this. The ones who are doing are breaking the law, best to stay away from them.
I am copy pasting from this article http://insiderview.comparebrokerages.in/can-i-transfer-money-between-equity-and-commodity-account/
I see many queries online on whether same funds can be used to trade Equity and after 3.30pm be used to trade commodity when trading with the same brokerage firm. There are many brokers who don’t let you do this, but there are a few who let you do this.
I am attaching the SEBI and FMC circulars, which clearly say that a broker is not allowed to transfer funds for a client between equity and commodity accounts. If a person wants to do this, he has to first withdraw the money from equity to his bank account and then transfer it back to the commodity account.
But note that funds which are in your equity account is allowed to be used for both equity and currency trading. It can’t be used for commodity trading.
So if your broker is offering this, beware! He is not being compliant to SEBI/FMC regulations. If he is not compliant to one rule, it is possible that he is not being compliant to other rules as well, which tomorrow might cause harm to the business and in turn affect your trading account with him.
Here is the link to the SEBI circular
Here is the link to FMC circular
Updated 25th Dec 2015
SEBI penalizes Greshma shares and Stocks limited – Rs 20lks for allowing same funds to be used for trading equity and commodity. Reiterates everything we had posted earlier. Check this link for the circular.
Trading NSE and MCX is possible now with one account. Alice Blue is offering this facility.