$MCX Step-by-Step Guide to Open a Commodity Trading AccountTo begin trading on MCX, you must set up an active account with a SEBI-registered stockbroker. Most mainstream discount and full-service brokers allow you to manage this within a single ***** a SEBI-Registered Broker: Choose an institution that supports the MCX ***** Mandatory KYC Documents: Provide your PAN Card, Aadhaar Card, Address Proof, and Passport-size ***** Mandatory Proof of Income: You must share an active income proof (e.g., 6 months bank statement, latest Form 16, or a recent salary slip) to unlock the F&O derivatives ***** the Segment: Go to your broker’s console profile and manually toggle on the MCX Commodity Segment if it is not enabled by ***** the Commodity Wallet: Note that many Indian brokerages maintain a separate fund balance for commodity trading distinct from your equity ledger. Transfer sufficient initial margin via UPI or Net Banking to start trading.