The ever-growing popularity of foreign market investments has led to the emergence of quick investing platforms like Vested Finance and INDmoney. However, choosing between Vested vs INDmoney still remains the most confusing decision, especially when you are new to both these platforms.
As stock investing platforms, the functionalities of both INDmoney and Vested Finance seem similar at first glance. But features and product offerings are what make them different. So, getting a detailed insight into both these platforms will help you decide which one is best for you.
In this detailed Vested vs INDmoney comparison guide 2023, we will go through every aspect of these stock investing platforms to deliver the best verdict on their fees, account types, product offerings and profit potential. By the end of this guide, you will surely be able to decide which is better for you.
Vested vs INDmoney: Quick Comparison
|Fees & Commission||0%||0.05% Brokerage on Indian stocks|
|Products||Vests, ETFs & Stocks||US Stocks, Indian Stocks, Mutual Funds & Fixed Deposit|
|Fractional Share Investing||Yes||Yes|
|Customer Support||E-mail, Phone Support & Contact Us form||Customer Service Help Desk|
Both Vested and INDmoney have made it easier for Indian investors to invest in foreign stocks. The applications help you invest, track, and manage your investments at your fingertips.
While these platforms are bottle-necked competitors and offer near to similar services, there’s only one winner. To get a clear picture of which is best, have a look at the key differences between INDmoney vs Vested.
Fees & Commission
Vested Finance: The platform doesn’t charge any commission on buying and selling US or India Stocks. However, the platform has a specific fee for withdrawal, which is listed below.
INDmoney: Just like Vested, INDmoney doesn’t charge a single dollar as a commission for buying and selling US stocks; however, there’s a commission charge of 0.05% on buying Indian stocks.
|Fees||Vested App Charges||INDmoney App Charges|
|Buying Stocks and ETFs||Zero||0% for US Stocks; 0.05% for Indian Stocks|
|Withdrawal Charges||Free above $2,000||$5 fixed on each withdrawal|
Vested vs INDmoney: Regulations
Vested Finance: The Securities and Exchange Commission regulates Vested Finance Inc. Additionally, the platform provides US stock investing services through its partner broker firm – Drivewealth, which is regulated by two top-tier regulatory bodies in the US – The Securities Investor Protection Corporation) andThe Financial Industry Regulatory Authority. INDmoney: The holding company of INDmoney – Finzoom Investment Advisors Private Limited is registered with the Securities Exchange Board of India (SEBI) as an investment advisor under SEBI Regulations 2013, with registration no. INA100012190.
Our main focal point while prepping this Vested vs INDmony comparison guide is to compare both platforms on the ground of product offerings.
Vested Finance: The platform allows you to invest in 1500+ US stocks and ETFs. However, it lacks offering other investment options like mutual funds. However, with over 1500 stocks to invest in, you can easily diversify your portfolio.
INDmoney: Along with US stocks, the platform also allows its users to invest in Mutual funds, ETFs & Fixed deposits. So, portfolio diversification seems impressive in comparison to Vested finance.
|Investment Options||Stocks, Vests & ETFs||Indian Stocks, US Stocks, Bonds, IPOs, ETFs, Mutual Funds & Fixed Deposits|
Bonuses, Promotions & Freebies
In this section of the Vested vs INDmoney comparison guide, let’s have a look at the ongoing offers and bonuses offered by these platforms.
Vested: Vested Finance welcomes new users with 1,000 vested points for adding funds to their wallets after opening an account with the platform.
INDmoney: INDmoney’s freebies offering are generous, with every new user getting free stocks up to Rs. 1000. Additionally, it also offers bonuses and a chance to win goodies on each account referral.
Plans & Pricing
Vested: The platform currently offers two plans: Basic & Premium. While the Basic plan is free and offers limited features, the Premium plan incurs a price of ₹4500/year.
INDmoney: If we talk about INDmoney plans & pricing, there are currently four premium plans available, with none of them being free.
- IND Gold – ₹399/per month for investment up to ₹50 lakhs.
- IND Gold+ – ₹999/per month for investment up to ₹1.5 crores.
- IND Platinum – ₹2999/per month for investment up to ₹3 crores.
- IND Platinum+ – ₹5999/per month for investment up to ₹5 crores.
Customer Support Services of Indmoney vs Vested
Vested: Vested customer support is really appreciable as there’s a dedicated phone no. (+91 95 1337 5607) and email support ([email protected]). Additionally, the frequently asked questions (FAQ) section addresses the majority of the investing inquiries that you may have.
INDmoney: This is the point where INDmoney needs improvement, as contacting its customer service is no less than a stressful experience. For assistance in US stocks, there’s only email support. Meanwhile, phone support is available for specific categories only.
User-interface of Vested & INDmoney
Vested: The user interface and dashboard of Vested are straightforward and simple to navigate. The interface is clean and functions are quick and responsive.
INDmoney: The platform’s user interface is simple, with every useful function available on the homepage. Maybe, the user-friendliness of the platform makes it the best.
Vested vs INDmoney: Security
Vested: The platform lacks providing robust security for its clients. It doesn’t even offer two-factor authentication.
INDmoney: In terms of security, INDmoney wins here. It requires users to control their own security, some of which are very sensitive, such as access to your personal Gmail account.
Vested: The platform offers ‘Vests,’ which let you invest a small portion of your money every month, like SIP. It is the proprietary product of the platform and is limited within it.
INDmoney: The platform has a wide variety of recurring investments, i.e. ETFs & SIP.
Vested vs INDmoney: Which Is Better For You?
If you have read this guide until this point, you may have a better understanding of which is better between Vested vs INDmoney. However, if you’re still confused, here’s a quick recap of which platform suits you better.
Choose Vested If You Want
- To Invest in the most secure & well-regulated platform
- Access US stocks, ETFs & Vests
- Low-cost Investment Options
- User-friendly Interface and a dedicated mobile app
- Superior Customer Support
Choose INDmoney If You Want
To invest in the US, Indian Stocks, ETFs, Mutual Funds & Fixed deposits all in one place
- Range of Investment Plans
- Intuitive User-experience
- Robust Security
- Generous Bonuses & Welcome Offers
- Low Fee & Zero Commission Charges on US Stocks
As we are ending the Vested vs INDmoney topic, hope you may have a better understanding of which is the better platform for you. At a glance, the functionalities and services of these platforms look similar; in fact, there are many notable differences.
As we put those differences and similarities in front through this detailed Vested vs INDmoney comparison guide, choosing the best one becomes even easier for you.
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Is Vested Trusted?
Yes, Vested is a trustworthy investing platform registered with the Securities and Exchange Commission (SEC). Additionally, the platform provides US stock investing services through its partner broker firm – Drivewealth, which is regulated by two top-tier regulatory bodies in the US –The Securities Investor Protection Corporation) The Financial Industry Regulatory Authority.
Is Vested Legal In India?
Yes, Vested is legitimate in India as it complies with U.S. regulations and Government of India regulations. All the money transfers from this app are processed under RBI’s Liberalized Remittance Scheme.
Is Vested SEBI Registered?
No, Vested is not a SEBI-registered platform. However, it complies with the regulations of the Securities and Exchange Commission (SEC).
Which Broker Is Best For US Stocks In India?
The best broker for investing in US stocks in India is Vested Finance and INDmoney. Both these platforms allow investing in US and Indian stocks.
Is Investing With Vested Safe?
Yes, investing with Vested is safe as it abides by all the rules and regulations of the U.S. regulations and the Government of India.
Is INDmoney SEBI approved?
The holding company of INDmoney – Finzoom Investment Advisors Private Limited, is registered with the Securities Exchange Board of India (SEBI) as an investment advisor under SEBI Regulations 2013, with registration no. INA100012190.
Is Vested An Indian Company?
Vested is a US-based investing platform with headquarters in California, Mumbai and Bangalore.
Is Vested App Legit?
Yes, the Vested app is legit as it compiles with U.S. regulations and Government of India regulations. All the money transfers from this app are processed under RBI’s Liberalized Remittance Scheme.
Is Indmoney Better Than Groww?
INDmoney is better in the way that it offers to invest in the US and Indian stocks and other investment options and lets you track your daily expenses/investments and credit scores.
Meanwhile, Groww offers an investing platform where you can invest in Stocks and mutual funds only.
Can I Trust Indmoney?
Yes, INDmoney is a trusted investing platform registered with the Securities Exchange Board of India (SEBI) as an investment advisor under SEBI Regulations 2013, with registration no. INA100012190.
Is INDmoney legal in India?
Yes, INDmoney is legal in India as it abides by the regulations of the Securities Exchange Board of India (SEBI) and is registered as an investment advisor under SEBI Regulations 2013, with registration no. INA100012190.
What Are Vested App Charges?
The vested app doesn’t have any charges. The only fee charged by the platform is Withdrawal, which also gets free above $2,000.
What Is INDmoney US Stocks Review?
The platform lets Indian investors seamlessly invest in the US stocks. It doesn’t even charge a commission. Overall, the platform is a one-stop solution for all investing requirements.
What Are INDmoney US Stocks Charges?
INDmoney charges a commission of 0.05% for Indian stock. Apart from this, there are no other charges associated with the platform.
What Are Vested Charges?
Vested Finance doesn’t have any charges. The only fee charged by the platform is Withdrawal, which also gets free above $2,000.
Is It Good To Invest In US Stocks From India?
Yes, investing in US stocks offers a more notable return than Indian stocks. In addition, you can access all global stocks, including Amazon, Netflix and Google.
Which Is The Best Broker To Invest In US Stocks From India?
INDmoney is the best broker to invest foreign Stocks in India as it doesn’t charge any commission or fees and is a well regulated platform.
Can An Indian Invest In US Stock Market?
Yes, Indians can easily invest in the US stock market through quick investing platforms like INDmoney and Vested Finance.
What Is Vested App Review?
Vested is the best investing platform for Indians wanting to invest in US stocks. Overall, the platform has low pricing and zero commissions.
How To Invest In Amazon Shares From India?
You can invest in Amazon Shares from India through quick investing platforms like Vested and INDmoney.
How much funding has INDmoney raised till now?
Indmoney has raised around $153.9 M funding till now.