Interactive Brokers Vs INDmoney vs Paasa

INDmoney, Interactive Brokers (IBKR), and Paasa each solve for a different layer of global investing for today’s Indian investors.

But not everyone needs the same kind of platform.

INDmoney is designed for ease: a simple, app-based entry into U.S. equities.
IBKR is global brokerage infrastructure: powerful and cost-efficient, but built for experienced investors.
Paasa is an ecosystem tailored to Indian HNIs and family offices: combining IBKR’s access with FEMA, tax, and scale-specific support.

Infrastructure Overview
Feature Comparison
FEMA Compliance
Tax Reporting
Technology Features
Investor Fit
Client Support

Infrastructure Overview

Attribute	INDmoney	IBKR	Paasa
Account Setup	App-based (self-serve)	Website-based (self-serve)	App-based & Dedicated onboarding support for HNIs
Trading infrastructure	Powered by DriveWealth & Alpaca	Industry-leading proprietary platform	Powered by Interactive Brokers itself
Market Access	US only	Global - US, Europe, UK, China and more	Global - US, Europe, UK, China and more
Custody of assets under client's name	✅	✅	✅
FEMA & LRS Support	Basic	❌	Advance
Tax Reporting (India)	Basic	❌	Advance
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 pure infrastructure fast and global, but leaves LRS and tax work to the investor. Paasa combines IBKR’s depth with the India-facing structure needed at larger scale.

Feature Comparison

Attribute		INDmoney	IBKR	Paasa
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		❌	✅	✅

Note: UCITS portfolios are preferred by many Indian investors for US estate tax protection and global diversification.

FEMA Compliance

Attribute		INDmoney	IBKR	Paasa
Digital remittance under LRS	Self-declaration templates for Indian banks	✅	✅	✅
	Remittance support at low rates	Limited visibility, fixed margin	❌	Bank-rate negotiation per investor
	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 and better suited for small-ticket flows. For HNIs or family offices transferring larger sums, Paasa provides the deeper documentation and structured setup these allocations typically require.

Tax Reporting

Attribute		INDmoney	IBKR	Paasa
Tax Analytics	Dividend Tax Tracking	Partial	❌	✅
	Capital Gains Tax Calculation (STCG/LTCG)	Partial	❌	✅
	Accumulating ETFs	❌	✅	✅
	Tax Loss Harvesting	❌	❌	✅
	Year-End Tax Statement for Indian Investors	Basic	Basic	Advanced
UCITS portfolios for tax savings		❌	❌	✅

Technology Features

Attribute	INDmoney	IBKR	Paasa
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 (family offices, institutional needs)	❌	❌	✅

Note: INDmoney is known for its ease of use, IBKR for its pro-level depth, while Paasa is valued for both its depth and its ability to accommodate custom feature requests often essential for large-ticket investors.

Investor Fit

Investor Type	INDmoney	IBKR	Paasa
First-time US investor	✅ Easy Onboarding	❌ Higher Friction	✅ Easy Onboarding
SIP-style Retail Investor	✅ Suited	❌ Not optimal for tiny flows	✅ Suited
HNIs	Limited Tax/Remit control	Good but requires Tax & LRS know-how	Built for scale and customization + India-facing layer
Family Offices	No reporting or structuring tools	Good but lacks technical customisation + India-facing layer	Concierge, entity-level control + India-facing layer
Institutional Investors	Not built for complex needs	Good but lacks technical customisation + India-facing layer	Concierge, entity-level control + India-facing layer

Client Support

Attribute	INDmoney	IBKR	Paasa
Onboarding Support	Self-serve	Self-serve	Self-serve & guided setup
Dedicated relationship manager	✅	❌	✅
Expert concierge (FEMA, Tax)	❌	❌	✅
Custom Portfolio Structuring	❌	❌	✅
Customize features on request	❌	❌	✅
Exit or Migration Support	❌	❌	✅

Conclusion

These platforms are not competing for the same investor, they are built around different needs.

INDmoney is suited for those starting small, where ease of use and quick access to U.S. markets matter more than depth or structure.

IBKR is designed for experienced investors seeking global access and low-cost execution, but who are also prepared to manage remittance, compliance, and reporting on their own.

Paasa is built for investors allocating larger sums - where multi-market exposure, regulatory clarity, and tax visibility become critical.

Choosing the right platform is less about features and more about alignment, between your capital, your context, and your long-term approach to global investing.

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.

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.

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