Kristal vs Interactive Brokers

Compare Kristal and Interactive Brokers on fees, FEMA compliance, tech features, and more.

Prafull Kumar

Prafull Kumar


Kristal vs IBKR

For wealthy Indian investors looking beyond domestic markets, two names often come up: Kristal.ai and Interactive Brokers

Kristal is built for mass-affulent and HNIs who want curated global portfolios and advisory hand-holding, while Interactive Brokers (IBKR) is a direct brokerage platform trusted by institutions and serious DIY investors.

Both are good but for different reasons. This blog breaks them down side by side, so you can choose the one that fits your wealth strategy, risk appetite, and level of involvement.

Table of Contents

  • Platform Overview
  • Feature Comparison
  • FEMA Compliance
  • Tax Reporting
  • Technology Features
  • Client Support

Platform Overview

Attribute

Kristal

IBKR

Clients

Mass-affluent, HNIs, Family Offices

Everyone from retail to institutional investors

Advisory Style

Robo-Advisory

Self-directed and Advisor-led

Platform Model

Advisor & Aggregator

Direct global broker (end-to-end infrastructure)

Market Coverage

Access to 100+ exchanges from India

Access to 160+ markets across 36 countries from India

Note: Kristal.ai does not operate as a direct broker. It is built on top of brokerage partnerships with Interactive Brokers and Saxo Capital Markets, acting as an advisory and aggregation layer for execution.

Want to see how Paasa compares to both? Check Paasa vs Kristal vs IBKR

Feature Comparison

Attribute

Kristal

IBKR

Direct trading

Real-time execution

Brokerage fee

High

Low

Product Universe

Stocks

ETFs

Managed Portfolios

UCITS portfolios

AIFs

Auto-rebalanced UCITS portfolios

Interest on uninvested cash

Custody of assets under client's name

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

 

See how Paasa offers UCITS access compared to others.

FEMA Compliance

Attribute

Kristal

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.

 

Explore how Paasa supports full LRS and FEMA compliance compared to Kristal and IBKR.

Tax Reporting

Attribute

Kristal

IBKR

Tax Analytics

Dividend Tax Tracking

Capital Gains Tax Calculation (STCG/LTCG)

Accumulating ETFs

Tax Loss Harvesting

Year-End Tax Statement for Indian Investors

UCITS portfolios for tax savings

Note: Global investing comes with added tax responsibilities for Indian investors, and platforms approach this differently. Paasa includes tools designed to support Indian tax reporting.

 

Compare how Paasa handles tax compliance vs Kristal and IBKR.

Technology Features

Attribute

Kristal

IBKR

Mobile App & Web View

Market and Limit

Stop loss, Trailing stop loss

Withdraw funds to any bank account

Real-time execution

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

Note: Kristal is known for ease of use, while IBKR is praised for depth but also criticized for complexity. 

 

See how Paasa balances usability with infrastructure

Client Support

Attribute

Kristal

IBKR

Dedicated relationship manager

Expert concierge (FEMA, Tax)

Customize features on request

Conclusion

Both Kristal.ai and Interactive Brokers offer distinct value to Indian investors exploring global markets. Kristal leans toward simplicity and guided investing, while IBKR prioritizes control, depth, and execution flexibility. 

 

The right choice depends on your investing style, comfort with complexity, and long-term needs.

 

Explore a side-by-side comparison of Paasa, Kristal, and IBKR.

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.

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