# MCX Paper Trading App: Practise Crude Oil, Gold and Silver > Paper trade MCX commodity futures and options with virtual money. Read the Crude Oil, Gold and Silver option chains and see the charges on each trade. URL: https://zerostake.app/mcx-paper-trading/ Updated: 2026-10-21 Guide ## MCX paper trading: practise commodities with virtual money You can paper trade MCX commodity futures and options in ZeroStake. Trade Crude Oil, Gold, Silver, Natural Gas, Copper and more with virtual money, read their option chains and see the estimated charges on every trade. No order reaches the exchange, so a mistake costs you nothing. ### Key facts - Trade MCX commodity futures and options with virtual money. - Option chains for Crude Oil, Gold, Silver, Natural Gas, Copper and Zinc. - MCX orders use the F&O product types: Intraday or Till Expiry. - Each trade shows its estimated charges, including CTT. - You need no commodity account, demat account or broker. ### What is MCX paper trading? MCX is the Multi Commodity Exchange of India. Traders buy and sell futures and options on commodities such as Crude Oil, Gold and Silver there. MCX paper trading means you trade these contracts with virtual money. You see market prices and real contract details, but no order reaches the exchange. Commodities move for different reasons than stocks. Crude Oil reacts to world supply news. Gold often moves when the rupee or global rates move. Practice shows you how fast these contracts can move against a position before you risk real money. ### What can you trade on MCX in ZeroStake? You can trade MCX commodity futures and options with virtual money: Crude Oil, Natural Gas, Gold, Silver, Copper and more. Option chains: Crude Oil, Gold, Silver, Natural Gas, Copper and Zinc. You start with ₹5 lakh of virtual money. You can reset it to the starting amount. ### How do you place an MCX trade? 1. Search for the commodity, for example Crude Oil, and pick the contract. 2. Open its chart, or open the order panel. 3. Choose the product type: Intraday closes the position the same day, Till Expiry can stay open until the contract expires. 4. Check the lot size and the [margin](https://zerostake.app/glossary/#margin) the trade needs. 5. Buy or sell. On [Trade on Chart](https://zerostake.app/trade-on-chart/), drag your [stop-loss](https://zerostake.app/glossary/#stop-loss) and target to your levels. 6. Watch the P&L of the position move with the market. Some order tools, such as limit orders, trailing stop-loss and GTT, need ZeroStake Pro, an optional plan in the app. ### How do you read an MCX option chain? An MCX option chain works like an index option chain. Calls are on one side, puts on the other, and each row is a strike price. - **OI and change in OI** show where traders hold positions and where they add or cut them. - **IV** shows how much movement the market prices in. - **The Greeks** show how an option reacts to the price, time and volatility. - **The OI summary** shows total call and put OI, the [PCR](https://zerostake.app/glossary/#put-call-ratio) and a sentiment label. - **Max pain** shows the strike where option buyers as a group lose the most at expiry. One tap recentres the chain on the at-the-money strike. Some columns, such as change in OI and PCR, need ZeroStake Pro. Learn each column in the [Option Chain guide](https://zerostake.app/option-chain-practice/). ### What do MCX charges look like? Every trade in ZeroStake shows its estimated charges. For commodities, these include CTT (the commodities transaction tax), exchange charges, the SEBI fee, stamp duty, GST and brokerage. Agricultural commodities are exempt from CTT, and the app follows that rule. Charges add up fast when you trade often. Look at the charges line on each closed trade, then decide if your edge is bigger than your costs. ### How is MCX practice different from real trading? - **Fills:** by default, an order fills in full at once at the last price. With LiveFill on, an order can fill in parts and at a worse price. LiveFill is part of ZeroStake Pro. - **Hours:** MCX trades on its own session times. The Market Timings screen in the app has a tab for MCX. - **Feelings:** a loss feels smaller when the money is virtual. Keep a plan for each trade and follow it. - **Replay:** Historical Replay covers index sessions only, not MCX. [How the simulator works](https://zerostake.app/market-data-and-simulation-methodology/) explains each difference in detail. ### How should you practise commodities? Start with one commodity and learn its rhythm. Trade one lot at a time. Set a stop-loss before you enter. After each closed trade, write in the [Trade Journal](https://zerostake.app/portfolio-pnl-review/) why you took it and what you will do next time. After two weeks, read your P&L Statement and look at your win rate and your average loss. ### Questions, answered. [Read all questions](https://zerostake.app/faq/) #### Can I paper trade MCX options? Yes. Open the option chain of Crude Oil, Gold, Silver, Natural Gas, Copper or Zinc, pick a strike and buy or sell it with virtual money. #### Do I need a commodity trading account? No. ZeroStake uses virtual money, so you need no commodity account, demat account or broker. No order reaches MCX. #### Can I replay a past MCX session? No. Historical Replay covers NIFTY 50, BANK NIFTY and SENSEX sessions. For commodities, you practise during market hours. #### Can I build an option strategy on a commodity? Yes. The Strategy Builder lets you search any underlying with listed options on NSE, BSE or MCX. It needs ZeroStake Pro, an optional plan in the app. ### Keep reading - [Option Chain](https://zerostake.app/option-chain-practice/): Read OI, change in OI, IV, the Greeks, PCR and max pain on index and MCX option chains. - [Trade on Chart](https://zerostake.app/trade-on-chart/): Buy or sell from the chart, drag your stop-loss and target into place, and trail the stop. - [Intraday paper trading](https://zerostake.app/intraday-paper-trading/): Practise intraday trades on stocks, F&O and MCX, with square-off and charges. - [Glossary](https://zerostake.app/glossary/): Plain definitions of trading terms, from stop-loss to max pain. ### Make your mistakes here, not in your demat account. - [Get it on Google Play](https://play.google.com/store/apps/details?id=zerostake.app) - [Download on the App Store](https://apps.apple.com/in/app/virtual-trading-india/id6768195152)