More Indian investors from young professionals, HNIs to family offices are now allocating part of their portfolio globally. But the way you invest ₹50,000 isn’t the same as how you’d invest ₹1 crore or more.
The tools, costs, and expectations change with scale.
That’s where platforms like INDmoney and Interactive Brokers (IBKR) diverge.
INDmoney is designed for ease, a frontend built for Indian users, layered over U.S. brokerage infrastructure like DriveWealth and Alpaca. It simplifies remittance, onboarding, and small-ticket investing into a mobile-first experience.
IBKR on the other hand is the infrastructure itself. Used by global institutions and funds, it offers direct custody, lower costs at scale, and deep product access but expects you to handle remittance, compliance, and reporting independently.
This comparison breaks down which type of investor each platform is suited for, and why.
Table of Contents
- Infrastructure Overview
- Feature Comparison
- FEMA Compliance
- Tax Reporting
- Technology Features
- Investor Fit
- Client Support
Infrastructure Overview
Attribute | INDmoney | IBKR |
Account Setup | Free | Free |
Trading infrastructure | Powered by partners like DriveWealth & Alpaca | Industry-leading proprietary platform |
Market Access | US stocks & ETFs only | US, Europe, UK, China and more |
Custody of assets under client's name | ✅ | ✅ |
FEMA & LRS Support | Partial | ❌ |
Tax Reporting (India) | Partial | ❌ |
INR-based Returns & Analytics | ✅ | ❌ |
Human Advisory | ❌ | ✅ |
Onboarding Support | ❌ | ✅ |
Remittance Integration | ✅ | ❌ |
SIPC Insurance | ✅ | ✅ |
Note: INDmoney is built for ease of use and small-ticket investing through a mobile-first experience, whereas IBKR is designed for scale, cross-border flexibility, and greater control.
Feature Comparison
Attribute | INDmoney | IBKR | |
Direct trading | ✅ | ✅ | |
Real-time execution | ✅ | ✅ | |
Product Universe | US Stocks & ETFs | ✅ | ✅ |
Other markets (China, UK, Europe, etc) | ❌ | ✅ | |
Managed Portfolios | ❌ | ✅ | |
UCITS portfolios | ❌ | ❌ | |
AIFs | ❌ | ❌ | |
Fractional Shares | ✅ | ✅ | |
Auto-rebalanced UCITS portfolios | ❌ | ✅ | |
Interest on uninvested cash | ❌ | ✅ | |
| Withdraw money to US bank account | ❌ | ✅ | |
Note: For casual U.S. investing, both platforms deliver. But only IBKR supports other markets, advanced instruments, managed portfolios, and offers up to 3.83% interest on uninvested cash above $10,000, risk-free.
FEMA Compliance
Attribute | INDmoney | IBKR | |
Digital remittance under LRS | Self-declaration templates for Indian banks | ✅ | ✅ |
Remittance support at low rates | ✅ | ❌ | |
Bank formalities & Holding Declaration | ✅ | ❌ | |
Tracking and Confirmation | ✅ | ❌ | |
Compliance queries | ❌ | ❌ | |
Note: FEMA compliance is critical when sending money abroad under LRS. Many Indian investors unknowingly use incorrect purpose codes during remittance which can lead to reporting issues, delays, or tax scrutiny later.
Note: INDmoney’s compliance support is generic, best suited for small-ticket flows. For HNIs or family offices wiring larger sums, it lacks the documentation depth structured setups often need. With IBKR, you're on your own but in control. You negotiate FX, choose your bank or provider, and align transfers with your advisory or compliance team.
Tax Reporting
Attribute | INDmoney | IBKR | |
Tax Analytics | Dividend Tax Tracking | Partial | ❌ |
Capital Gains Tax Calculation (STCG/LTCG) | ✅ | ❌ | |
Accumulating ETFs | ❌ | ✅ | |
Tax Loss Harvesting | ❌ | ❌ | |
Year-End Tax Statement for Indian Investors | ✅ | ✅ | |
UCITS portfolios for tax savings | ❌ | ❌ | |
Technology Features
Attribute | INDmoney | IBKR |
Mobile App & Web View | ✅ | ✅ |
Market and Limit | ✅ | ✅ |
Stop loss | ✅ | ✅ |
Trailing stop loss | ❌ | ✅ |
Withdraw funds to any bank account | ✅ | ✅ |
Mutual funds tracking | ✅ | ❌ |
XIRR calculation for position | ✅ | ❌ |
Benchmarking & Backtesting | ❌ | ❌ |
INR gain/loss computation (blended FX) | ❌ | ❌ |
Web dashboard for reporting | ✅ | ✅ |
Trader Workstation (TWS) for advanced traders | ❌ | ✅ |
Custom features | ❌ | ❌ |
Note: INDmoney is known for ease of use, while IBKR is praised for depth but also criticized for complexity.
Investor Fit
Investor Type | INDmoney | IBKR |
First-time US investor | Easy, guided, low entry barrier | Initial friction, DIY remittance |
SIP-style Retail Investor | Automate ₹5K–₹50K monthly | Not optimal for tiny flows |
HNIs | Powerful but requires technical know-how | Powerful but requires technical know-how |
Family Offices & Institutional Investors | Not built for complex needs | Scalable with compliance coordination |
Client Support
Attribute | INDmoney | IBKR |
Onboarding Support | ✅ | ❌ |
Dedicated relationship manager | ✅ | ❌ |
Expert concierge (FEMA, Tax) | ❌ | ❌ |
Customize features on request | ❌ | ❌ |
Conclusion
Both INDmoney and Interactive Brokers offer access to global markets but they serve different needs, shaped by the scale and complexity of your capital.
INDmoney is built for ease. It’s a clean, mobile-first platform designed for Indian investors allocating smaller sums with integrated remittance, fractional shares, and a simple interface layered over U.S. broker infrastructure like DriveWealth and Alpaca. For most retail investors, it’s more than enough to get started.
IBKR, by contrast, is the underlying infrastructure. It offers broader market access, better cost efficiency at scale, and deeper control but expects investors to handle remittance, compliance, and portfolio construction independently. It’s better suited for HNIs, family offices, or any investor deploying capital with long-term intent and institutional discipline.
The choice isn’t just about features, it’s about fit. And fit depends on how much, how often, and how seriously you plan to invest globally.
About Paasa
Paasa is a global investing platform built specifically for Indian HNIs, family offices, and institutional investors, helping them invest across the US, UK, Europe, and China with tools that simplify LRS, remittance, tax reporting, and cross-border complexity.
Note: The Paasa team has deep expertise in Interactive Brokers. If you're an IBKR user and need support navigating your account from India, feel free to reach out at support@paasa.com.
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.
