Are Confused about finding the best app to invest in US stocks then don’t worry we are here to help you out. In this article, we gonna compare Vested Vs INDmoney.
Investing in US stock allows you to diversify your portfolio beyond the Indian market. There are multiple options available in India to invest in US Stock. Among them, Indmoney and Vested are the most popular ones. So in today’s article, we gonna compare Vested Vs INDmoney and see which is the best option for you to consider.
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Vested Vs INDmoney: Basic Details
Before we jump into the main point let’s first see the basic details of these platforms. Neither of these platforms invests directly in US stocks; instead, they work with a US-based brokerage firm, Drivewealth. With the help of this broker, this platform allows you to Invest in US stocks. On top of that these two platforms are also registered with the SEC. SEC is SEBI for the US market. By the Way, INDmoney is also SEBI registered platform.
| Basic Details | Vested | INDmoney |
|---|---|---|
| Launch Year | 2018 | 2019 |
| Founders | Viram Shah, Damin Arifin, Yinghan Lin | Ashish Kashyap |
| Partnered Broker | Drive Wealth | Drive Wealth |
| Available For Android | Yes | Yes |
| Available For Ios | Yes | Yes |
| Web Platform | Available | Available |
Vested Vs INDmoney: Charges
Vested and Indmoney promise zero commission on US stocks and ETFs. However Vested charges you a ₹250 one-time fee for account opening INDmoney charges Zero. Nevertheless, the AMC for both of these platforms is zero.
| Basic Details | Vested | INDmoney |
|---|---|---|
| Account Opening Cahrges | ₹250 | ₹0 |
| Premium Plan | ₹375/month | N/A |
| Fund Deposit Fee | ₹0 | 0.75% Capped at 1000 |
| ETF fees | ₹0 | ₹0 |
| Withdrawal Charges | $5/withdrawal or 2 free withdrawals with a Premium plan per year | $5/withdrawal |
Vested Vs INDmoney: Investment Options
Interms of investment options There is a lot of option available with INDmoney. Apart from US Stocks, you can invest in Indian stocks, mutual funds and FDs. You can even trade intraday with INDmoney. It charges 0.05 % or ₹20 whichever is lower for intraday and Delivery.
On the other side with vested, you can invest in US stocks or ETFs. Vested also features investing in cryptocurrencies such as Bitcoin, Ethereum, and similar digital currencies. One of the best-vested feature-ready made portfolios which good for beginners to help invest in different markets without headaches. So basically it’s limited to the US markets only.
| Investment Option | Vested | INDmoney |
|---|---|---|
| US Stocks | Available | Available |
| ETFs | Available | Available |
| Cryptocurrencies | Available | N/A |
| Ready-made Portfolios Investments | Available | N/A |
| Delivery Equity | N/A | Available |
| Delivery intraday | N/A | Available |
| Indian Mutual funds | N/A | Available |
| FD | N/A | Available |
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Vested Vs INDmoney: Security
So when we are investing in different markets through a third-party company there is always a concern among everyone about the safety of their funds. As mentioned earlier Vested and INDmoney provide their services in partnership with the American company DriveWealth, through which all accounts are managed.
Among other reputable financial bodies in the United States, DriveWealth is regulated by SPIC and FINRA. The maximum amount of protection per account is $500,000.
Vested Vs INDmoney: Customer Support
As Beginner investors there can be multiple questions that pop up in your mind. To help you in this situation Vested and INDmoney include a lot of FAQs to answer most investing-related queries.
However, one thing we found problematic about INDmoney is its chat support process. To launch chat support you may have to go through multiple FAQs. So in our opinion, INDMoney needs to improve its support system. In many cases, it even took more than a week. So in terms of customer services and support team, INDmoney needs improvement
Also Read: Best Apps to Invest in US Stocks From
Vested Vs INDmoney: Cash Deposit
Before you start investing with INDmoney you will need to create a Federal Bank account. After creating the which can take up 1 day you can add money. You can directly add money to your US Wallet. For Vested you first have to add money to Vested Direct and then you can transfer it to your US wallet. So Vested has a more complicated and manual process for deposit.
Vested Vs INDmoney: App Features
Fractional Share
Some of the US stocks or ETFs even cost more than ₹10000 so these scenarios’ fractional share features can help you start your US investment for as little as $1. Both of these platforms support US stock investments.
SIP in Stocks
With the help of the SIP feature, you can invest in a particular stock or ETF on a weekly or monthly basis just like you do with mutual funds. INDmoney earlier stopped this feature for some reason. However, currently, you can SIP in stocks on both of these applications.
Freebies
Vested Gives you lifetime commission earnings. You just need to invite a friend and after that, you will receive some percentage of their deposit as Vested points up to five levels. Whereas with INDMoney you will receive ₹250 after some registration and whenever they trade you will receive a 40% brokerage commission.
FAQs: Vested Vs INDmoney
Yes, both these platforms are secure and trusted.
INDmoney is SEBI registered. Vested is not a SEBI-registered brokerage firm as it doesn’t allow to invest in the Indian stock market.
Both are easy-to-use platforms so as a beginner you can invest via both of these.
INDmoney is cheaper though it charges 0.75% max 1000 as a platform fee when you add money.
Conclusion
So that was the comparison between these two popular stock brokers. Looking into all the charges, features, UI and Investment options both of these platforms are really good but if it comes down to choosing a single platform we will recommend INDmoney.
With this application, you can even get the option to invest Indian market. On top of that, you can track all of your investments such as stocks, and mutual funds across other brokers like Zerodha, Groww, Upstox etc. The only con of this app is it charges an additional 0.75% or a max ₹1000 from your deposit. Nevertheless, if you want to start investing in mutual funds and Indian stocks then you can also consider INDmoney.
Speaking of Vested if you only want to invest in US stocks then you should consider it.
