Top INDmoney Alternatives for US Investing (2025 Update)

If you’ve already started investing in the US markets from India, chances are you’ve used INDmoney. It’s a solid tool to begin your global investing journey.

But as your needs grow, INDmoney starts to hit its limits. You may want to:

Expand beyond the U.S. into markets like Europe, China, or the UK, or explore multi-asset strategies
Increase your corpus allocation beyond ₹20 lakh, ₹30 lakh, which brings FEMA disclosures into play
Move from a DIY approach to a professionally managed portfolio
Shift away from manual tax and compliance tracking to a more structured, managed setup
Track INR-based gains, remittance flows, and tax analytics with greater precision

This blog breaks down the best INDmoney alternatives for the U.S. (and global) investing in 2025, whether you’re looking for more control, broader access, or simply less friction as you scale up.

Quick Comparison Table

Platform	Ideal For	Access	Managed Portfolios	FEMA Advisory	Tax & Analytics
INDmoney	Retail (beginners)	US only	❌	❌	❌
Vested	Retail Mass Affluent	US only	✅	❌	❌
Kristal	Mass Affluent HNIs	US, China, UK, Europe & more	✅	❌	❌
Interactive Brokers	Traders (power users)	US, China, UK, Europe & more	✅	❌	❌
Paasa	HNIs Family Offices Institutions	US, China, UK, Europe & more	✅	✅	✅

NOTE: Most platforms start by solving for access getting you into U.S. stocks. But as your needs evolve from execution to allocation strategy, the gaps widen quickly.

INDmoney

Pro	Cons
Ideally best if you want to start investing in U.S. equities with ₹10K–₹5L Need remittance automation, but not portfolio customization	Need multi-country investing or more product choices (e.g. global ETFs, options) Want deeper control over reporting, FEMA disclosures, or INR-based P&L Scaling beyond a few lakhs and need structured tax support

Vested

Pro	Cons
Managed portfolios, and even Indian bonds and solar infra Clean UI and good customer support	Only U.S. market access No support for advanced traders or large-ticket remitters

Kristal

Pro	Cons
Offers curated global portfolios across geographies Provides RM access, curation, and advisory	Not DIY, not ideal for users wanting full control Not built for Indian family offices running complex global flows

Interactive Brokers (IBKR)

Pro	Cons
Access to 150+ markets, with Lowest execution costs globally Ideal for traders	Steep learning curve, not beginner-friendly Not India-aware (no LRS remittance help, no FEMA guidance, no tax layer)

Paasa

Pro	Cons
Global investing with LRS + FEMA + CA compliance Ideal for HNIs, Family offices and Institutional Investors	Not designed for retail or small-ticket investors Requires minimum capital thresholds to access certain features or strategies

FAQs About INDmoney

Does INDmoney support FEMA or LRS compliance?

No. INDmoney allows you to remit funds via a partner bank, but it does not assist with FEMA documentation, disclosures, or cumulative LRS tracking.

How good is INDmoney’s exchange rate for funding U.S. investments?

Users frequently report 2-4% markup above interbank forex rates during remittance, along with GST on forex margin. While convenient, these hidden costs can significantly reduce your invested capital.

Will INDmoney give me tax-ready reports in INR for my CA?

No. INDmoney provides basic transaction statements in USD, but does not calculate capital gains in INR, nor adjust for holding periods or tax slabs. You’ll likely need to engage a CA to manually translate USD data into ITR-ready reports.

Can I use INDmoney for investing more than ₹20–30 lakh abroad?

Technically yes, but INDmoney doesn’t help you structure large-ticket flows. It lacks capital control tracking, regulatory disclosures, and FX hedging tools.

Is my money safe with INDmoney? Who is the actual broker or custodian?

INDmoney is not a broker. It partners with DriveWealth (a U.S.-based custodian) but you don’t hold a direct account with DriveWealth.

Can I invest beyond U.S. stocks with INDmoney?

No. INDmoney only offers access to U.S. equities and ETFs. There’s no global diversification, fixed income, or thematic exposure.

What about withdrawals and exit fees? Are there hidden charges?

No. INDmoney is built for DIY investing. You choose your stocks, and there’s no advisory, discretionary management, or strategic rebalancing support.

Summary

Choosing the right investing platform depends on where you are in your global investing journey. INDmoney works well for first-time U.S. equity investors. But if you’re navigating scale, cross-border compliance, or portfolio complexity, other platforms may offer better alignment with your needs. This comparison aims to help you make that evaluation clearly.

Explore More

About Paasa

Paasa is a global investing platform built specifically for Indian HNIs, family offices and institutional investors, helping them invest over the US, UK, Europe and China markets with tools that simplify LRS, remittance, tax reporting, and cross-border complexity.

Disclaimer

This content is for general informational purposes only and should not be taken as financial, legal, or professional advice from Paasa. While we strive for accuracy, the information may change over time. Paasa makes no representations, warranties, or guarantees, whether express or implied, regarding the accuracy, completeness, or reliability of the information provided. The comparison is based on publicly available data and is intended to assist users in making informed decisions. It is not a substitute for professional advice or consultation with financial experts. Please review the terms of use and product availability for your region, or visit the service provider's website for the latest pricing and service information.