• The credibility of the market.

• The bibliography.
• The type of service provided—the most significant of which is back-office
functionality.
• A credit facility is available.
• The study groups.

These are some of the most crucial variables to consider when determining a commodity
broker's trustworthiness.

4.3.4 Broker:

A broker is a company representative who acts as a link between private traders and
commodities exchanges. In other terms, a commodity broker is a member of a commodity
exchange who has a direct line of communication with the exchange and may lawfully conduct
all deals. He's also recognised as a licenced dealer.

Commodity trader/broker of commodity exchange:

To become a commodities trader, one must fulfil a number of legal and contractual duties.
There is a standard procedure that is declared by a government entity that is responsible for
enacting commodities trading rules and regulations. In return for such a membership, a broker.

To become a member of the Commodity Exchange, a brokerage firm's broker must have a net
worth of Rs. 50 lakhs. Multi Commodity Exchange came up with this figure.

Member of commodity exchange:

The following Eligibility Criteria must be met in order to become a member of Commodity
Exchange.

1. He must be an Indian citizen.

2. He should have attained the age of 21.

3. He must be a graduate or hold a comparable certification.

4. He shouldn't be in debt.

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