It\u2019s 2022, and the upsurge doesn\u2019t seem to be dying down anytime soon.<\/p>\n
U.S. Stocks & EFT Trading Platforms<\/h2>\n
The rise of investment apps<\/a> has been a primary reason for this upsurge.<\/p>\n And not just in national equity. People have shown interest in foreign equity as well. In fact, foreign stocks have had a more profitable percentage than domestic stocks in 2020 and 2021.<\/p>\n This has drawn the youth of India to explore the U.S. stocks market and check the viability of successful investment there.<\/p>\n Two of the most popular apps used for investment in foreign equity are Vested and INDmoney.<\/p>\n You can check out the detailed review of Vested here<\/a>. <\/strong><\/p>\n An in-depth review of INDmoney is available here<\/a><\/strong>.<\/p>\n It may be worthwhile to read the reviews of each platform if you are unaware of their specific features.<\/p>\n New to investment? Read the 7 most crucial lessons to take when investing for the first time.<\/a><\/em><\/p>\n Vested and INDmoney are actually two very different apps with some similarities.<\/p>\n T<\/b>he biggest and perhaps the only point of comparison between these two platforms is that both Vested and INDmoney offer frictionless foreign stock investment.\u00a0<\/b><\/p>\n We will, therefore, focus this comparison post on this single factor, and try to conclude about which app is better suited for your foreign investment purposes.<\/p>\n Important to note here is that your portfolio and investment requirements might vary, and so might your requirements of what you\u2019re looking for from your investment app.<\/p>\n Based on your needs, you might find either of the apps – Vested and INDmoney more useful than the other.<\/p>\n Let us now look at the features of each platform first to arrive at an analytical conclusion on which app is better suited for U.S. stock investment.<\/p>\n Vested does not take a commission for investment in U.S. stocks. This is a great feature for traders with sporadic activity as well as regular traders. If you plan to invest for the long term, this no commission feature proves pretty profitable.<\/p>\n Vested has more than 1500 U.S. stocks and ETFs available for investment. You can also get Vested-special curated investment profiles known as \u2018Vests\u2019 for $3 per portfolio. As many as 9 Vests come free with the Premium plan.<\/p>\n You can buy parts or fractions of a share instead of buying a whole share. This feature is a great one for beginners and small investors who want to start with small investments. A lot of U.S. stocks are costly.<\/p>\n For example, the cost of 1 share of Meta (previously Facebook) is $344+ (as of December 31st). That is nearly Rs. 25,000 in Indian money.<\/p>\n Given that only 6.25 percent of the Indian population pays tax, investing Rs.25,000 in one share might be unachievable for most investors in India. This is where buying fractional shares is a great way to invest in profitable and well-paying U.S. stocks.<\/p>\n Vested has partnered with DriveWealth, a reputed U.S. brokerage firm that manages accounts created through Vested. All accounts created with Vested are insured for a sum of up to $500,000.<\/p>\n Vests are specially curated pre-built portfolios provided by Vested.<\/p>\n Vests are categorized into theme-based and goal-based. Theme-based is when investment options are chosen based on specifications on industries. Goal-based Vests can be based on goals of portfolio diversification, goals of down-regulating risk while investing, and so on.<\/p>\n The fee structure for Vested is simple and straightforward.<\/p>\n Vested has a forever-free plan. There is also a Premium plan that costs Rs. 2500 per year. Under the Premium plan, you get one free withdrawal (per withdrawal costs $5)<\/p>\n INDmoney does not charge any commission on buying and selling U.S. stocks and ETFs.<\/p>\n INDmoney also offers to buy fractional shares.<\/p>\n INDmoney has partnered with the same U.S. firm – DriveWealth, through which it operates all accounts.<\/p>\n Every account is insured up to $500,000. DriveWealth is regulated by SIPC and FINRA, two reputed financial organizations in the U.S. that are regulated by the SEC.<\/p>\n On top of it, INDmoney offers a free 2 in 1 U.S. trading plus an Indian Savings account with the State Bank of Mauritius (SBM). SBM is known for its faster forex transactions.<\/p>\n INDmoney offers personalized portfolio management and advice on investments based on your risk intake capacity and industry preferences. Charges for advisory features start from Rs. 399 per month.<\/p>\n There are 4 Premium plans that are for different brackets of investment amounts.<\/p>\n There is also a custom plan for investment above Rs. 5 crores.<\/p>\n Vested and INDmoney have partnered with DriveWealth, a regulated U.S. financial body. Both platforms are therefore safe for investment purposes.<\/p>\n Both Vested and INDmoney follow guidelines of the Liberalized Remittance Scheme (LRS) by RBI. As per LRS rules, an Indian investor can send up to $250,000 without RBI\u2019s approval.<\/p>\n Since INDMoney is a money management, tracking<\/a>, and investment app, it needs a lot of permissions – some as high risk as access to your personal Gmail account.<\/p>\n Vested, however, has no such requirement as it is focused only on U.S. stock trading.<\/p>\n Providing permission to read emails might be a bit of something and needs careful consideration.<\/p>\n It is easy to open an account on both platforms. The process is the same for both, as both Vested and INDmoney have the same U.S. bank partners.<\/p>\n The UI and dashboard of both platforms are easy to use. However, I prefer<\/p>\n Vested regarding dashboard experience.<\/p>\n Vested has more than 1500 U.S. stocks and ETFs to choose from. INDmoney has lesser options, but still, there are thousands of companies to choose from.<\/p>\n Zero commission on buy and sell applies on both platforms. Vested<\/a> has a per-withdrawal fee of $5, whereas INDmoney has a per-withdrawal fee of $5 for withdrawals below $2,000. For withdrawals above $2,000, INDmoney has no withdrawal fees.<\/p>\n The Vests feature from Vested is good and affordable. Each curated investment portfolio known as a Vest costs $3. With the Premium plan that costs Rs. 2500 per year, you get access to 9 Vests.<\/p>\n INDmoney\u2019s premium plans are costlier than Vested (the lowest plan is Rs.3600 per year) and provide advisory features from independent financial advisors. The advisory feature does not have great reviews.<\/p>\n Independent advisors are not always competent enough. And not being INDmoney employees, independent advisors are not as accountable as one would like to be.<\/p>\n INDmoney provides free stocks on account opening and successful KYC registration. Vested provides no such freebies.<\/p>\n The freebies can sound tempting, and it is a good promotional feature from INDmoney.<\/p>\n However, when it comes to investment apps, it is good to see past promotional matters and check if the platform suits your specific needs. Another important point to consider is the fees and commission structure.<\/p>\n Vested has a lot of documentation and a robust FAQ section to answer your most common investment questions. The support team at Vested is also good.<\/p>\n INDmoney\u2019s documentation feature could be better. Also, support could be a lot better too.<\/p>\n Vested allows you to invest in U.S. stocks, ETFs and their own Vests recurringly. This means you can set an amount to invest through Vested automatically<\/strong> every week or month. The same way you do an SIP in mutual funds or recurring deposits.<\/p>\n This also allows you to do dollar cost averaging with Vested.<\/p>\n Something INDmoney doesn’t offer yet.<\/p>\n Vested and INDmoney both are reliable apps for U.S. stock trading.<\/p>\n Vested<\/a> is, however, more reliable regarding security and ease of use (better interface and dashboard features). Vested is also single-focused on U.S. stock trading.<\/p>\n INDmoney<\/a> is an overall app that helps manage and track your financial investments in India and U.S. It also tracks your expenses<\/a> and facilitates crypto trading as well.<\/p>\n In terms of U.S. stocks and EFT trading – Vested is better on grounds of being more secure and more focused on U.S. trading.<\/p>\n If I have to consider INDmoney, it is the second-best app for U.S. investments.<\/p>\n This review is based on my personal usage of the apps, and I would strongly recommend you to read the individual reviews of Vested here<\/a> and INDmoney here<\/a>, along with this comparison post to decide for yourself.<\/p>\n Vested vs INDmoney – A detailed comparison to analyze which one’s best suited for your U.S. stocks trading.<\/p>\nVested vs INDmoney<\/h2>\n
Features of Vested<\/span><\/strong><\/h3>\n
![\"vested-vs-indmoney-comparison\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/01\/vested-vs-indmoney-comparison.png?resize=800%2C533&ssl=1\")
<\/p>\nNo Commission<\/strong><\/h4>\n
Investment options<\/strong><\/h4>\n
Fractional Shares<\/strong><\/h4>\n
![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/01\/vested-fb-shares-fractional.png?resize=800%2C681&ssl=1\")
<\/p>\nInsured US trading account<\/strong><\/h4>\n
Vests : pre-built portfolios<\/strong><\/h4>\n
Fees & charges<\/strong><\/h4>\n
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Plans and Pricing<\/strong><\/h4>\n
Features of INDmoney<\/span><\/strong><\/h3>\n
![\"indmoney-vs-vested-comparison\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/01\/indmoney-vs-vested-comparison.png?resize=800%2C533&ssl=1\")
<\/p>\nZero Commission on Buy and Sell<\/strong><\/h4>\n
Fractional shares<\/strong><\/h4>\n
![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/01\/fractional-shares-indmoney.png?resize=800%2C508&ssl=1\")
<\/p>\nFree and insured U.S. Account for trading<\/strong><\/h4>\n
Advisory and portfolio management<\/strong><\/h4>\n
Fees<\/strong><\/h4>\n
\n
Plans and Pricing<\/strong><\/h4>\n
\n
Detailed Comparison between Vested and INDmoney<\/h2>\n
Regulations and Security<\/strong><\/h3>\n
Security<\/strong><\/h3>\n
Ease of Use<\/strong><\/h3>\n
User Interface and Dashboard features<\/strong><\/h3>\n
Variety and options<\/strong><\/h3>\n
Fees and Commission<\/strong><\/h3>\n
Premium plans and advisory features<\/strong><\/h3>\n
Freebies<\/strong><\/h3>\n
Documentation and support<\/strong><\/h3>\n
Recurring Investments<\/h3>\n
Verdict: Vested vs INDmoney<\/h2>\n
![\"\"](\"https:\/\/i0.wp.com\/aayushbhaskar.com\/wp-content\/uploads\/2022\/01\/vested-vs-indmoney.png?w=800&ssl=1\")
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