Yiying Hu
Sep 14, 2024
With a growing interest in global diversification, this article compares key features, fees, and benefits of Jarsy, Vested Finance, and INDmoney.
As Indian investors increasingly seek opportunities in the global market, finding the best app to buy US stocks from India has become a top priority. With the right platform, you can easily diversify your portfolio and tap into the growth potential of American companies. This article compares three top-rated apps that enable Indian investors to seamlessly purchase US stocks: Jarsy, Vested Finance, and INDmoney. We’ll explore the features, fees, and benefits to help you make informed investment decisions.
Factors to Consider When Choosing an App
When selecting the best app to buy US stocks from India, several key factors should be considered:
Account Opening Process and KYC Requirements: Look for apps that offer a streamlined account opening process tailored for Indian residents. Ensure the Know Your Customer (KYC) requirements are straightforward and can be completed online.
Supported US Stock Exchanges and Investment Options: Choose an app that provides access to major US exchanges like NYSE and NASDAQ. Also, consider platforms that offer a variety of investment options, including ETFs and fractional shares.
Fees and Charges: Compare brokerage fees, currency conversion charges, and other associated costs. Some apps offer zero-commission trading, while others may have competitive fee structures.
Research Tools and Educational Resources: Apps that provide educational resources, comprehensive research tools, and real-time market data will help you make more informed investment decisions.
Buy US Stocks from India: Jarsy vs Vested Finance vs INDmoney
1. Jarsy, Inc.
Overview: Jarsy offers a seamless investing experience for both beginners and seasoned investors. With a focus on low minimums and support for both USD and USDC, Jarsy is well-positioned for a wide range of Indian investors. Explore Jarsy
Pros:
Easy online onboarding process completed in minutes
Simplified KYC verification
Minimum investment starts at $10
0.1% transaction fee, plus minimal gas fee for Arbitrum (~$0.01 per transaction)
Fractional shares available
Supports both USD and USDC transactions
Cons:
Currently available by invitation only
Fees: 0.1% transaction fee, plus gas fee
2. Vested Finance
Overview: Vested Finance is a popular app for Indian investors, offering fractional shares and theme-based portfolios called "Vests." It provides a user-friendly interface for beginner and intermediate investors. Explore Vested Finance
Pros:
Minimum investment of $1
Access to curated "Vests" portfolios for theme-based investing
US SIPC insurance coverage up to $500k
Fractional shares available
Managed and DIY portfolios
Cons:
Forex markup charges are relatively high (~1.2%)
Limited research tools compared to some competitors
Fees: 0.25% of the trade amount (up to a max of $35) for basic tier
3. INDmoney
Overview: INDmoney uses machine learning to offer personalized investment recommendations, including the ability to invest in US stocks. It’s a comprehensive financial management platform with low-cost investing options. Explore INDmoney
Pros:
No minimum investment required
Fractional investing is available
Machine-learning-powered recommendations
Very competitive forex markup charges
Cons:
Privacy and data collection concerns due to the wide range of features
Fees: 0.15% brokerage fee on US stock trades, 0.75% platform fee on deposit amounts (capped at ₹1000)
Other Options to Consider
Interactive Brokers
Overview: Interactive Brokers is a well-established global brokerage firm known for offering a comprehensive platform with professional-grade trading tools. Ideal for experienced investors. Explore Interactive Brokers
Pros:
Advanced trading tools and real-time data
Competitive forex conversion rates
Comprehensive research and risk analytics
Cons:
Complex interface, unsuitable for beginners
Higher minimum balance requirement (~1.2 Lakh INR)
Fees: 1 bps of trade value (min INR 6, max INR 20)
ICICI Direct
Overview: ICICI Direct allows Indian investors to trade US stocks through its international investing feature, backed by a trusted brand. Explore ICICI Direct
Pros:
Well-regulated and reliable
Integrated with ICICI bank accounts for easier transactions
Extensive equity research and insights
Cons:
Higher fees compared to newer platforms
Fees: Up to 5% in total fees plus forex conversion charges
Groww
Overview: Groww has expanded its offerings to include US stocks, making it a versatile option for Indian investors. But it discontinued with U.S. stock offering.
Get Started U.S. Public Equity Investment
Choose a Suitable App: Select an app based on your investment needs, budget, and experience level.
Complete KYC and Account Opening: Follow the app’s process to complete KYC and open your account.
Fund Your Account: Use the Liberalised Remittance Scheme (LRS) to fund your account through your bank.
Start Investing: Explore the app’s platform to buy US stocks and diversify your portfolio.
Conclusion
Investing in US stocks from India has become increasingly accessible thanks to apps like Jarsy, Vested Finance, and INDmoney. Each platform offers distinct advantages, so it's essential to consider fees, features, and the user experience when choosing the right one for you. Remember, investing in foreign markets comes with risks such as currency fluctuations and different regulatory environments. Start small, stay informed, and gradually build your US stock portfolio.
Happy investing!
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