INDmoney and vested are the investment platforms usually preferred by Indian people for US stock investment. Using both platforms, investors can invest in foreign equity but you must choose the right application to attain a better experience.
In this article, we will discuss the complete details of INDmoney vs Vested to help you choose the platform that suits you the best.
INDmoney Vs Vested
Here are the details of INDmoney vs Vested:
1. INDmoney
INDmoney offers users a broader range of investment options such as mutual funds, stocks, and FDs. Also, the users can leverage various services including investment management, tax optimization, and expense management. INDmoney is specifically designed to cater to the investment needs of Indian investors and offer them a straightforward approach.
It is a SEBI-registered app and offers fractional investing. Whether a beginner or an experienced investor, you can invest with expert guidance and high safety.
2. Vested
Vested platforms offer commission-free trading options, fractional shares, and a user-friendly interface. Fractional investing allows you to buy some percentage of the share which makes it convenient for beginners.
Vested is not registered with SEBI but it has SEC (US) registration. It makes Vested a reliable and safe platform to use for investment.
Account Opening Procedure for INDmoney vs Vested
Both INDmoney and Vested require the candidates to open an account to start using the platform. The guidelines of both platforms are different and make the investment experience better.
At INDmoney, the account opening process is not easy. You need to sign in and then complete the KYC verification. Also, you are required to submit your documents with a digital signature to open the account successfully.
On the other hand, Opening an account at Vested is an easier and user-friendly process. Users have to sign up complete KYC verification and then start investing.
Key Features of INDmoney Vs Vested
The table below compares the key features of INDmoney and Vested:
| Features | INDmoney | Vested |
| Fraction shares | INDmoney offers fractional investment options | Vested also offers the fractional shares option for the investment. |
| Account opening charges | Free Of cost | Basic plan – Rs. 250
Premium Plan – Rs. 375 |
| Minimum investment | No minimum limit | $1 |
| Platform accessibility | Mobile apps and web browsers | Mobile apps and web browsers |
| Investment Advisory | Available | Not Available |
| Brokerage | 0.15% of the trade value | 0.20% of trade value with a minimum amount of $20. |
| Data Security | Vast Amount of data is collected | Limited data handling |
| Withdrawal Fee | For a withdrawal of below $2000, the fee is $5.
For withdrawals of above $2000, no fees are applicable. |
$5 per transaction |
| Investment Security | ICICI Securities | US SIPC insurance for amount up to $500k |
| AMC | Zeero | Zeero |
| Customer support | Email, Chat, and helpline number | Email and Chat option |
| Platform focuses on | Comprehensive financial management services | Limited to investment only |
| Additional tools | Budgeting, Tracking, family and finance tools | No additional features |
Pros and Cons of INDmoney vs Vested
Here is the comparison of the pros and cons of Vested Vs INDmoney:
| INDmoney | Vested | |
| Pros | It offers various features along with investment which allow you to manage the investment and make informed decisions. | Vested offers a user-friendly interface that allows even beginners to handle it easily. |
| INDmoney offers you the option for loans. | There is no commission on investment of US commission | |
| Users are allowed to open a zero-balance account. | Fractional share options make it more convenient for users to buy US stocks. | |
| The platform does not charge any transfer fees for US stocks | It is registered with the SEC, making it more reliable. | |
| The withdrawal fees are low. | The app offers higher interest rates to the users. | |
| Investors get good interest rates on FDs. | It allows you to sell or withdraw funds anytime. | |
| SEBI registration makes it a safe and reliable platform for investment. | $1 is enough to start the investment. | |
| Cons | The platform doesn’t offer live chat support. | Vested Charges withdrawal fees of $5 per transaction |
| Some basic features are available in the premium plan only which the users have to buy. | No derivatives and bond access are provided |
Price and Charges for Services under Vested vs INDmoney
Here are the details of charges for using the services at platforms:
| Charges | INDmoney | Vested |
| Account open | Free | Rs. 250 – Rs.375 |
| Annual maintenance charges | Free | Free |
| Forex markup fees | 0.0001% | 1.2% |
| Brokerage | $5 – For below $2000
Free – For Above $2000 |
$5 per transaction for the basic plan
Free for premium users. |
| US account fund deposit charges | Free | Free
|
| ETF commission | Free | Free
|
| Plans | Basic – Free
Gold – Rs. 999/ year Platinum – Rs. 2999 per year Diamond – Rs. 4999 per year |
Basic – Free
Essential – $3 per month Plus – $5 per month |
User Review – INDmoney vs Vested
INDmoney and VEsted are the new trading platforms in the market. In a few reviews, the users have reported the delay in the INDmoney interface, while others say that transaction charges are huge. According to many users, INDmoney is a safe and reliable platform, SEBi registered, and offers various features for the protection of investor’s money and data.
On the other hand, Vested is reported better than INDmoney. Many users found the interface user-friendly and efficient with customer assistance. Users can invest in US stocks due to its SEC registration. Users also reported that the registration and onboarding process is easier than INDmoney.
Customer Support
INDmoney and vested offer a good support system using emails, phone, and chat options. It is easier for the users to reach out to customer support in case they face any issues.
INDmoney Customer Support Details
| Designation | Person name | Contact number | Email ID |
| Client service | Mamta Polai | 07314852049 | instockssupport@INDmoney.com |
| Head of client servicing | Deepak Gupta | 07314852021 | grievanceinstocks@INDmoney.com |
| Compliance officer | Ameya Mahendra Bhelekar | 07314852022 | complianceinstocks@INDmoney.com |
| Managing director and principal officer | Nikhil Anil Behl | 07948224850 | directorinstocks@INDmoney.com |
| Office address | Compliance officer, INDmoney Pvt. Ltd. 616, 6th-floor Suncity Success Tower, Sector 65, Gurugram-122005. | ||
Vested Customer Support Details
| Email Support | help@vestedfinance.co |
| Phone number | +91 95 1337 5607 (Monday to Friday) 10:00 am to 7:00 PM |
Conclusion
INDmoney and Vester, both are becoming popular in the Indian trading market due to the unique features they offer to investors. Vested platform has specialized services for US stock traders while INDmoney offers various financial products for Indian stock traders. In this article, we have discussed the details of INDmoney vs Vested to help investors choose the best one as per their needs.
Vested vs INDmoney – FAQs
Which is the better app, INDmoney or Vested?
Ans. Both apps have their unique features. If you choose the one smartly, you find it the best for you. However, as per user reviews, INDmoney offers various features for investors while Vested is limited to US stock trading. But, the reviews related to user interface and other characteristics are better for Vested.
Is vested a good option for US Stocks?
Ans. Yes, Vested is the best option if you wish to trade in UD stocks. It is SEC-registered and helps you diversify your portfolio. vested charges some amount for the withdrawal.
Is it legal to use Vested in India?
Ans. Yes, Vested is a legal platform to use in India. Investors who wish to invest in US stocks can use this app.
