Recently, the urge to invest in US stocks rose exponentially among Indians. Reason? The greater the diversification, the higher the profit. When it comes to investing in foreign stocks, two platforms shine on the top i.e. Vested vs IndMoney!
So, which one is better to invest in US stocks? You may ask! To answer this question, we will decode this topic in detail.
Stay tuned!
(A) Vested vs IndMoney: Profile Comparison
First of all, let’s compare the profiles of both the companies-
| Particulars | Vested | INDMoney |
| Founders | Viram Shah | Ashish Kashyap |
| Founded in | 2018 | 2019 |
| Head Office | Mumbai (Maharashtra, India) | Gurugram (Haryana, India) |
| Number of Branches | Zero | Zero |
| Exchanges supported | NASDAQ and NYSE (New York Stock Exchange) | NASDAQ and NYSE (New York Stock Exchange) |
| Desktop and mobile trading platform | Vested App | INDmoney Super Money app |
| Official Website | vestedfinance.com | indmoney.com |
| Regulators | SEC (Securities and Exchange Commission) SIPC (Securities Investor Protection Corporation) FINRA (Financial Industry Regulatory Authority) | SEBI (Securities Exchange Board of India) |
| Investment Options | Stocks, Vests, & ETFs | Indian Stocks, US Stocks, Bonds, IPOs, ETFs, Mutual Funds & Fixed Deposits |
Note: We have already compared INDmoney vs Zerodha. Go through the article for detailed information.
(B) Charges Comparison
The characteristic feature that mainly differentiates Vested and IndMoney is their charges! Afterall, it is all about spending and earning money through stocks. So, your ticket to make brilliant investment moves is to understand and compare the charges. Here it is-
| Charges | Vested | IndMoney |
| Plans & Pricing | Basic Plan: Rs.250 (Pay Once) Premium: Rs.375 per month | IND Gold: Rs.399 per month (investment up to Rs.50 lakh) IND Gold+: Rs.999 per month (investment up to Rs.1.5 crores) IND Platinum: Rs.2999 per month (investment up to Rs.3 crores) IND Platinum+: Rs.5999 per month (investment up to Rs.5 crores) |
| Account Opening Charges | Zero | Zero |
| Buying Stocks and ETFs | Zero | Zero |
| Deposit Fee | Zero | Zero |
| Withdrawal Charges | Free (over $2,000) | $5 per withdrawal |
| Inactivity Fees | Absent | Absent |
| TCS (Tax Collected at Source) | Exceeding Rs.7 lakh(20% TCS) | Above Rs.7 lakh (20% TCS) |
(C) Benefits of Vested
- No Commission: Vested does not charge any commission for U.S. stock investments. This is beneficial for both sporadic traders and long-term investors.
- Investment Options: Vested offers more than 1500 U.S. stocks and ETFs for investment. Additionally, it provides curated investment profiles called “Vests” for a small fee.
- Fractional Shares: You can buy fractional shares, allowing for dollar-cost averaging.
- Security & Ease of Use: Vested is considered more secure and user-friendly for U.S. stock trading
(D) Benefits of INDMoney
- Diversified Investment Options: INDmoney provides flexibility with diversified investment options across both Indian and U.S. markets. It caters to short-term and long-term financial goals.
- Comprehensive Platform: INDmoney offers services beyond just stock trading, including investment management and tax optimization.
- Second Best for US Investments: While Vested is the top choice for U.S. stock and ETF trading, INDmoney is still regarded as the second-best app for U.S. investments
(E) Features Comparison
Now, let’s compare the features of Vested vs IndMoney-
| Aspects | Vested | IndMoney |
| User Interface | Clean, straightforward, responsive dashboard | Simple interface with all functions on the homepage |
| Customer Support | Dedicated phone and email support; comprehensive FAQ | Limited phone support; email support for US stocks only |
| Security | Lacks robust security and two-factor authentication | Requires users to manage their own security |
| Recurring Investments | Offers proprietary ‘Vests’ and limited SIP options | Wide variety including ETFs & SIP |
| Best For | Secure, regulated investments in US stocks, Low-cost options, Superior customer support | Diverse investment options, Intuitive user experience, Robust security, Low fees on US stocks |
From the perspective of features, you can choose Vested if you prioritize security, low-cost options, and superior customer support. Opt for INDMoney if you seek diverse investment options, intuitive user experience, and robust security with low fees on US stocks.
(F) Final Verdict
If you’re primarily interested in U.S. stock trading, Vested might be a better choice due to its commission-free trading and user-friendly interface. However, if you’re an Indian investor seeking a broader financial platform with additional services, INDmoney offers a wider range of options.
Remember that your choice should align with your specific investment goals and preferences. Both platforms have their strengths, so consider what matters most to you when making your decision!
Seeing it, for US stocks vested seems to be a better one!