As Indian investors increasingly seek opportunities in the global market, finding the best app to buy US stocks from India has become a top priority. With the right platform, you can easily diversify your portfolio and tap into the growth potential of American companies. This article compares three top-rated apps that enable Indian investors to seamlessly purchase US stocks: Jarsy, Vested Finance, and INDmoney. We’ll explore the features, fees, and benefits to help you make informed investment decisions.

Factors to Consider When Choosing an App

When selecting the best app to buy US stocks from India, several key factors should be considered:

• Account Opening Process and KYC Requirements: Look for apps that offer a streamlined account opening process tailored for Indian residents. Ensure the Know Your Customer (KYC) requirements are straightforward and can be completed online.

• Supported US Stock Exchanges and Investment Options: Choose an app that provides access to major US exchanges like NYSE and NASDAQ. Also, consider platforms that offer a variety of investment options, including ETFs and fractional shares.

• Fees and Charges: Compare brokerage fees, currency conversion charges, and other associated costs. Some apps offer zero-commission trading, while others may have competitive fee structures.

• Research Tools and Educational Resources: Apps that provide educational resources, comprehensive research tools, and real-time market data will help you make more informed investment decisions.

Buy US Stocks from India: Jarsy vs Vested Finance vs INDmoney

1. Jarsy, Inc.

Overview: Jarsy offers a seamless investing experience for both beginners and seasoned investors. With a focus on low minimums and support for both USD and USDC, Jarsy is well-positioned for a wide range of Indian investors. Explore Jarsy

• Pros:

  • Easy online onboarding process completed in minutes

  • Simplified KYC verification

  • Minimum investment starts at $10

  • 0.1% transaction fee, plus minimal gas fee for Arbitrum (~$0.01 per transaction)

  • Fractional shares available

  • Supports both USD and USDC transactions

• Cons:

  • Currently available by invitation only

• Fees: 0.1% transaction fee, plus gas fee

2. Vested Finance

Overview: Vested Finance is a popular app for Indian investors, offering fractional shares and theme-based portfolios called "Vests." It provides a user-friendly interface for beginner and intermediate investors. Explore Vested Finance

• Pros:

  • Minimum investment of $1

  • Access to curated "Vests" portfolios for theme-based investing

  • US SIPC insurance coverage up to $500k

  • Fractional shares available

  • Managed and DIY portfolios

• Cons:

  • Forex markup charges are relatively high (~1.2%)

  • Limited research tools compared to some competitors

• Fees: 0.25% of the trade amount (up to a max of $35) for basic tier

3. INDmoney

Overview: INDmoney uses machine learning to offer personalized investment recommendations, including the ability to invest in US stocks. It’s a comprehensive financial management platform with low-cost investing options. Explore INDmoney

• Pros:

  • No minimum investment required

  • Fractional investing is available

  • Machine-learning-powered recommendations

  • Very competitive forex markup charges

• Cons:

  • Privacy and data collection concerns due to the wide range of features

• Fees: 0.15% brokerage fee on US stock trades, 0.75% platform fee on deposit amounts (capped at ₹1000)

Other Options to Consider

Interactive Brokers

• Overview: Interactive Brokers is a well-established global brokerage firm known for offering a comprehensive platform with professional-grade trading tools. Ideal for experienced investors. Explore Interactive Brokers

• Pros:

  • Advanced trading tools and real-time data

  • Competitive forex conversion rates

  • Comprehensive research and risk analytics

• Cons:

  • Complex interface, unsuitable for beginners

  • Higher minimum balance requirement (~1.2 Lakh INR)

• Fees: 1 bps of trade value (min INR 6, max INR 20)

ICICI Direct

• Overview: ICICI Direct allows Indian investors to trade US stocks through its international investing feature, backed by a trusted brand. Explore ICICI Direct

• Pros:

  • Well-regulated and reliable

  • Integrated with ICICI bank accounts for easier transactions

  • Extensive equity research and insights

• Cons:

  • Higher fees compared to newer platforms

• Fees: Up to 5% in total fees plus forex conversion charges

Groww

Overview: Groww has expanded its offerings to include US stocks, making it a versatile option for Indian investors. But it discontinued with U.S. stock offering.

Get Started U.S. Public Equity Investment

1. Choose a Suitable App: Select an app based on your investment needs, budget, and experience level.

2. Complete KYC and Account Opening: Follow the app’s process to complete KYC and open your account.

3. Fund Your Account: Use the Liberalised Remittance Scheme (LRS) to fund your account through your bank.

4. Start Investing: Explore the app’s platform to buy US stocks and diversify your portfolio.

Conclusion

Investing in US stocks from India has become increasingly accessible thanks to apps like Jarsy, Vested Finance, and INDmoney. Each platform offers distinct advantages, so it's essential to consider fees, features, and the user experience when choosing the right one for you. Remember, investing in foreign markets comes with risks such as currency fluctuations and different regulatory environments. Start small, stay informed, and gradually build your US stock portfolio.

Happy investing!