We look at the pros and cons of using the Vested online broker to trade shares and ETFs in India.
Vested Finance, or Vested, is a California-based investment advisor that allows domestic and non-resident Indian investors to invest in US equities. It offers multiple trading options and competitive commissions, all while being one of the few platforms that directly offer access to the US market from India.
In this review, we’ll take a look at how Vested works, its pros and cons, as well as any other details that you should consider before choosing a Vested account.
What markets can I trade with Vested?
Currently, Vested only offers access to the US market including exchanges like the NYSE and NASDAQ. Vested is also focused on expanding access to more US equities and has not disclosed any plans to introduce exchanges listed in other global markets.
As a result, Vested is ideal for Indian traders who are looking for a platform to solely invest in the US.
As a client of Vested, you will have access to a Vested account, which is a 3-in-1 Trading, Demat and Bank account. With Vested, you can buy, hold and sell equities in your portfolio over any period of time.
Vested trading account features
These are some of the main features you can enjoy while using Vested in India.
- Exposure to major financial products.
- Stocks: Vested allows users to invest in more than 1,000 companies listed in US exchanges like the NYSE and NASDAQ. Additionally, you can buy and sell fractional shares, which means that you can get a stake in Amazon or Netflix with just $1.
- ETFs: ETFs are investment vehicles containing hundreds of stocks, allowing you to diversify your portfolio at the click of a button. Vested offers access to over 100 ETFs, focused on sectors like semiconductors and countries like Australia.
- Vests: Vests are curated, ready-made thematic portfolios that are actively managed by fund managers. Similar to thematic ETFs such as those of Ark Invest’s, Vests allow you to make bets on a certain sector or market niche.
- Vested Mobile trading platform: The Vested mobile app, which is available on both Android and iOS, allows users to buy and sell securities on the go. The app is polished and easy-to-use, while the platform comes with features such as advanced order types and curated news stories.
- Tools & Research: Tools such as market screeners, research articles and analyst updates are offered for free.
- Alerts: You can also set alerts to be notified of stock movements, news, company announcements and board meetings on the mobile app.
- Customer support: Vested offers telephone and email support.
What are Vested’s fees?
Brokerage pricing plans
Vested offers two brokerage pricing plans.
- Basic: In this free plan, you will be liable for a ₹399 one-time account opening fee. Additionally, any withdrawals will cost you $11 while there will be an upfront fee of $3 for the purchase of any Vest.
- Premium: For ₹2,500 per year (or ₹750 per quarter if you opt for the quarterly payment system), your account opening fee and upfront fees for Vests will be waived. Additionally, you will be entitled to one free withdrawal per year.
Do keep in mind that paying quarterly for the Vested Premium plan will set you back ₹3,000 in total compared to ₹2,500 for the yearly payment schedule. Additionally, the fees above are not exhaustive and will differ depending on how you use your broker account. Although Vested is a zero-commission brokerage, you might still be liable for other fees such as foreign currency conversion and wire transfer fees.
You can refer to Vested’s website for a detailed list of fees and use their brokerage calculator to estimate exactly how much you might end up paying.
Pros and cons
- Unique features such as thematic portfolios
- Transparent commission structure
- Zero-commission trades
- No access to cryptocurrencies, bonds, derivatives, commodities or IPOs
- No web or desktop platform offered
Is Vested safe?
Vested Finance is registered with the Securities and Exchange Commission (SEC) as an investment adviser and thus is subject to their regulations. Vested Finance is also backed by a number of reputable funds such as Dorm Room Fund, Hustle Fund, Axis Bank and ICICI Bank.
As a result, Vested is generally considered to be safe
Note: Investing and trading always carries inherent risks which you should be aware of, so read up before you start investing. Do your research and compare brokers in India before signing up with any trading platform.
How do I sign up for an account?
You can sign up with a Vested account easily online. Visit Vested’s website and follow the steps below.
- Click on “Start Investing” and sign up with the social account of your choice (Apple, Google, Facebook). If not, you can simply create a new account with your email address.
- Fill in Vested’s online registration form. The details required may include your name, mobile number and email address.
- You will be prompted to submit supporting documents. This may include your Aadhaar card number, proof of income, photograph and PAN number.
Vested is just one of the many platforms which have emerged recently, promising global exposure and diversification to their users. Other competitors include Zerodha, Paytm Money, Upstox, ET Money, Smallcase and Groww among others.
Yet, Vested has not only fully rolled out its platform but also offers extremely competitive pricing and brokerage commissions. As a result, Vested is a great option for domestic investors in India or NRIs who wants to invest in US equities.
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