Are you confused about which app you should use between Winvesta and vested to start your direct international investments?
I am here to help you.
Indians have recently made large direct stock investments. Many people took advantage of having to work from home because of the COVID-19 outbreak by purchasing stocks.
This is because the US stock market is undergoing temporary turmoil. But, the markets have a massive potential for future growth, making them desirable alternatives to Indian stocks.
Thanks to modern apps, people can now buy stocks listed globally, including the US stock exchanges.
Under the Liberalised Remittance Scheme (LRS), Indians can invest $250,000 overseas in a single financial year without requesting authorization from the Reserve Bank of India.
A great way for successful investors to diversify their portfolios is by purchasing foreign stocks.
Winvesta and Vested are the top investment applications popular in this category.
Before selecting an investment app, a background check is necessary. You must thoroughly investigate the features offered by the two apps.
Winvesta and Vested both offer key features like safety, security, and regulatory mechanisms. But that’s not all you should check. The perfect investment app should have good customer feedback, nominal fees, and dependable services.
I am here to assist you in deciding, so keep reading my comparison of Winvesta vs. Vested.
What is Winvesta?
Winvesta is a robo-advisor platform that offers investment management services to individuals and businesses. It uses advanced algorithms and artificial intelligence to analyze financial markets and make investment recommendations to its users.
Winvesta offers a range of investment options, including stocks, bonds, and ETFs, and allows users to set their own investment goals and risk tolerance. The platform is designed to be user-friendly and accessible to people of all investment experience levels.
Winvesta claims to offer a convenient and cost-effective way for people to invest and manage their money, with low fees and no minimum investment requirement.
The platform provides regular updates and reports to help users track their portfolio performance and make informed investment decisions.
Winvesta also offers educational resources and customer support to help users understand the investment process and make the most of their investments.
Winvesta is regulated by the UK’s Financial Conduct Authority (FCA). Through a smartphone app, it enables small-scale investors to purchase shares of S&P 500 firms.
They use Tier-1 banks worldwide, making them secure and dependable. The law forbids Winvesta from lending money, making investments, or using it for business purposes.
The Winvesta app has more than 50k downloads on the Google Playstore and a 4.4 average rating in the Apple App Store.
While you use the app, you will register your brokerage profile with DriveWealth, which is SEC and FINRA-certified.
What is Vested?
Vested Finance is an online investing platform that allows Indian investors to make stock market investments in the United States. It was established in 2018 and is headquartered in Mountain View, California.
Since this is an issue for many investors, Vested Finance allows you to acquire fractional shares of US equities, which are prohibitively expensive for Indians.
In addition to that, Vested Finance has no account registration fees or hidden charges, which makes it a highly reasonable choice for investors.
But wait, there’s more. Vested Finance has raised more than $15M in revenue, and they have more than 150m registered users globally.
Features of Winvesta
Get Payments Internationally
Winvesta can accept payments in any of the 30+ currencies using their private account information without having to pay expensive collection costs. You can also receive money in more than 30 different currencies using SWIFT/Wire.
You can use their local collection accounts for accepting payments in USD, GBP, CAD, and EUR in the United States, the United Kingdom, Canada, and Europe. They don’t charge any additional cost for local receipts.
Transfers Locally For Your Clients
They allow users to take payments in USD, GBP, EUR, and CAD by obtaining local account details for your business. Winvesta also offers same-day withdrawal to India, which is very convenient.
Through this, you will be able to receive money in India in a matter of minutes by converting at transparent FX rates.
Good range of financial products
Winvesta also offers many options for financial products to its users. This includes:
- Equities. Access stocks listed on the New York Stock Exchange (NYSE), National Association of Securities Dealers (NASDAQ), and American Stock Exchange (AMEX) (AMEX). As a result, you can now trade stocks in well-known American companies like Tesla and Apple.
- ADRs. The stock of a foreign company is represented by ADRs, or American Depository Receipts, which enable trading of those shares on US financial markets. This means that Winvesta can introduce you to foreign corporations with headquarters outside the US.
- ETFs. You can use ETFs to invest in particular market sectors, ranging from the oil industry to biotechnology. ETFs are investment instruments that pool several assets into a single “fund,” allowing you to instantly invest in sizable portions of the market.
Features of Vested
US Trading Account With Insurance
Vested accounts are managed by Drivewealth, which is a well-known American brokerage company. All accounts created by Vested are insured for a maximum of $500,000.
Vested offers Vests that are hand-picked, pre-built portfolios.
The two categories of vests are goal-based and theme-based. Theme-based investing refers to selecting potential investments based on industry standards. Goal-based vests may focus on objectives like portfolio diversification, investment risk management, etc.
Vested does not levy a commission on stock purchases made in the US. This is a fantastic feature for both irregular and regular dealers. This no-commission investment option can be helpful if you intend to make long-term investments.
Vested provides access to more than 1500 US equities and ETFs. For $3 per portfolio. Vested-tailored investment profiles are also offered. The Premium plan offers up to 9 Vests for no additional cost.
Tailored investment profiles give users access to a comprehensive portfolio management tool to create, monitor, and flexibly manage their portfolios.
Vested’s Vests allow users to invest in ETFs and emerging innovations such as metaverse, artificial intelligence, robots, and blockchain.
You can buy portions or fractions of shares rather than the complete share. This function is great for beginners and small investors who want minimal investments. The cost of US equities is high.
Vested customers have access to more than 1,000 companies listed on US exchanges like the NYSE and NASDAQ. Additionally, fractional shares are available for purchase and sale, allowing you to control a portion of Netflix or Amazon for just $1.
ETFs are investment tools that let you broaden your portfolio with just one click and hold hundreds of stocks. Vested offers access to more than 100 ETFs focusing on nations like Australia and industries like semiconductors.
Vests are specialized portfolios that are pre-curated and professionally managed by fund managers. They are like themed ETFs such as Ark Invest, which enable you to bet on a specific industry or market specialty.
Vested mobile app
The Vested mobile app, which is accessible on both iOS and Android, allows you to buy and sell shares while on the go. Vested has capabilities like complex order types and particular news topics, and its software is clear and easy to use.
Tools & Research
You can download all market screeners, research articles, and analyst updates for free.
You can set up notifications on the mobile app to be informed of stock movements, news, business updates, and board meetings.
Detailed Comparison Between Winvesta and Vested
Winvesta charges 1.50% of the trade amount (minimum $1 per trade) in brokerage fees. Meanwhile, Vested Finance assures 0% commission as always to its consumers. As a result, Vested becomes a significantly more cheap choice for investors.
Winvesta permits free withdrawals from a trading account to Winvesta MCA, while charging a fee of $10 for each withdrawal of money from the account.
However, there is a $5 charge for each successful withdrawal of funds from Vested Finance. Vested remains the most advantageous option in this case.
The first 10 trades in Winvesta are free in your first month, but only the first three are free in subsequent months. All subsequent trades will be charged a monthly fee of $1 per trade.
Trading in Vested is free. You will be charged nothing to buy and sell.
If you want to transfer your shares to another broker, the total cost in Winvesta will be $100. This is not specified in Vesta Finance.
You could be fined between $25.00 and $85.00 if a wire transfer into or out of your Winvesta account bounces or fails. This fee is often levied directly by the third-party bank in question.
The failed wire transfer fee for Vested is $20.00 per failed transfer, which is fixed.
From the above, Vested Finance still edges Winvesta regarding all other fees and charges.
Winvesta has been authorized and is subject to indirect regulation by the FCA, the UK’s financial services regulator. The Liberalized Remittance Scheme, which permits Indian citizens to make up to $250,000 in offshore investments annually, is one SEBI legislation that Winvesta abides by.
Drivewealth, which is also SEC and FINRA-certified, will register your brokerage account.
Winvesta is hence also frequently viewed as secure.
Securities and Exchange Commission (SEC) regulations govern Vested Finance since it is an SEC-registered investment adviser. Among the funds that finance Vested Finance are Dorm Room Fund, Hustle Fund, Axis Bank, and ICICI Bank.
Vested is hence usually viewed as being risk-free.
The two platforms are all risk-free in terms of security. None of the platforms edged each other.
Winvesta Pros and Cons
- Availability of US equity markets
- An easy-to-use mobile trading app that makes investing simpler
- Only a select group of equities receives analyst investment updates.
- No access to futures, indices, cryptocurrencies, derivatives, options, or initial public offerings (IPOs).
Vested Pros and Cons
- Thematic portfolios, for example, have distinguishing characteristics.
- A distinct commission structure
- Commission-free trades
- No access to initial public offerings, bonds, derivatives, commodities, or cryptocurrencies (IPOs).
- There isn’t a desktop application available.
Overall, Winvesta and Vested are excellent tools for investing in the United States. On the one hand, Vested provides easy and fast investment alternatives, whereas Winvesta allows you to invest in a wide range of assets such as Mutual Funds, ETFs, Fixed deposits, NFOs, and NPS.
However, if I want to invest in United States stocks, I would choose Vested Finance because of its superb AlphaScreener, which provides in-depth assessment and tools to aid in investigating stocks and other commodities.
Vested’s direct deposits and regular investments provide several benefits to its investors, making it a preferable alternative for investing in the United States markets.
Aside from that, most of the comparisons shown above favored Vested. It boasts fewer fees and charges, more downloads, and more individuals evaluating it, albeit the two ratings are equal.