Viram Shah, co-founder and CEO of Vested, told YourStory: “We are the first platform for Indians to invest directly and legally in US stocks and ETFs. Thanks to split investment opportunities, partnerships with Indian banks and an organized list of actions, the international investment process is now 10 times easier. » Income from investors` uninvested cash: This is a common practice among large U.S. brokerage firms. These large companies invest all of their customers` unused and uninvested amounts in their bank subsidiaries and earn interest income from the money. If you`re a big fan of global stock markets, you might be wondering if Indians can invest in stocks of U.S. companies. Are there any brokerages that allow this? Is it profitable? Is it legal? Can you become a shareholder in your favorite American companies? How much can you invest? If you have a large customer base, a significant portion of their money will always go uninvested. The brokerage firm can easily earn interest on this uninvested money. I used Vested with a Google ID.

I use multiple Google accounts and recently switched phones. I downloaded and started using the Vedied app, but accidentally used a different Google ID than my normal ID. Since then, I can`t switch to my current Google ID, even though I removed third-party access from my second Google account. Even after uninstalling and reinstalling the app, she directly uses my second Google account without giving a choice. How can I use this app with my original account if so? Investing in the U.S. stock market has never been easier. With Vested, you can now safely and legally invest in US stocks and Indian ETFs. No commission.

No minimum deposit. With Vested, you can invest in the NYSE and Nasdaq (similar to BSE and NSE) in the US. You can also invest in stocks, similar to what you would do with Zerodha, Interactive Brokers, etc. Our mission is to enable sustainable wealth creation by enabling local investors to operate globally. Trader Disclaimer: Intraday trading and other forms of trading are not available on the Vevolved platform. If you are looking for acquired financing, be sure to vested.co.in. There are a number of companies called Vested, and some of them even invest in one form or another. Did you invest through Vested? If so, share with us your experience with global investments, we`d love to hear it! Commission on shares/ETFs: 0% commission on organized shares: 3% of the amount invested per purchase + 0.0417% of the monthly amount invested. Outbound transfer fee: Yes, variable (usually up to Rs.

1000). Transfer fees: depends on the bank. Variable, usually up to Rs. 1000. Reduced conversion from dollar to rupee as part of the transfer: Yes, the percentage of the conversion rate varies. I find it really interesting to invest in the U.S. stock market, and acquired financing is one of the most reliable ways to do that. However, the transfer of funds should be done without any problems.

Banks in India need more time for verification, after which only you can process the application. For me, it was a precious failure to buy stocks at the right time. Anyway, I hope it will be done online in the near future. We also need to make other improvements to the Vested Finance user interface. It`s too early to assume that Vested and DriveWealth together earn much of their investors` uninvested money. In less than three months, Vested`s app has recorded more than 10,000 downloads on the Google Play Store. It provides a simple dashboard to track portfolio value, total investment amount, cash amount, daily return analysis, total return of each stock or ETF to invest in, stock performance charts, investment data, stock information, and more. More than “three-quarters of a million dollars” have been invested in Vested through more than 3,000 brokerage accounts to date. The startup is targeting a lakh investor in five years. Jacket Plan Offerings: Organized portfolio and research allocation based on investor risk tolerance and industry preferences.

Plan fee: $3 per purchase. Minimum amount per purchase: $50 USD. Monthly acquisition plan fee: 0.0417% of the amount invested per month. FINRA is an agency regulated by the U.S. government, while SIPC is a not-for-profit corporation. FINRA and SIPC are regulated by the Securities and Exchange Commission (SEC). The SEC is an independent U.S. federal agency that protects investors` rights. DriveWealth is regulated by two renowned regulators in the United States – FINRA (The Financial Industry Regulatory Authority) and SIPC (The Securities Investor Protection Corporation). Long-term investors are in the best position to invest in the U.S. stock market.

Due to RBI regulations, trading in international markets is not allowed for Indian investors. From the vest plan: Vested`s commission-free basic plan sounds lucrative, but in reality, many investors prefer to have a reliable source to manage their financial profile. Because the one-time fees and monthly fees are low, Vested`s Vests plan can prove to be a good income for the business. In whose name are the full shares or fractional shares held on the books of the brokerage firm Drivewealth? Is this the name Vested? Or is it on behalf of the investor? If the brokerage goes bankrupt, who has the right to claim the money – investor or acquired? All of the above platforms have partnered with US brokers. Investments are held by a custodian bank in the U.S. at the “street name” of the U.S. broker and not in the name of the investor himself (as stated on Vested`s website). I suspect it would be similar with other platforms.

Any associated risk arising from this Agreement will not be disclosed.