Our onboarding process is seamless, fully digital and is just like opening an Indian account.
Our platform, powered by Artificial Intelligence, enables automated research, portfolio tracking, personalized stock suggestions.
We have digitized the LRS procedures and help with W8-BEN tax form, making compliance easy.
You can start with a small amount if you, so, please. We don’t have any minimum investment requirements.
Invest in fractional stocks to build diversified portfolios even with small amounts of capital. Buy ETFs to invest in themes that are leading the world in this millennium.
Your investments are protected by SiPC against losses of securities.* We provide end-to-end support including LRS and Forex support.
Defend Against the Rising Dollar
One basic reason to invest in the US is to protect your wealth from eroding against the rising value of the US Dollar. Every time the rupee falls against the dollar you’ll know you have some wealth that’s growing.
To Create a Nest Egg
Investing in US Stocks makes even more sense if you plan to live in America or have children studying abroad. You also get to participate in one of the world’s most mature economies and earn interest in dollars.
Invest in Companies You Love
Whether it is Facebook, Google, McDonald’s, KFC or NIKE, you’ve loved these US Companies and know them in and out. You’ve used their products and can trust them. Investing in a company you understand always helps you make wiser decisions.
USA’s Gross Domestic Product is almost 10 times that of India. That means you are participating in a much larger market with US-listed companies accounting for almost 35% – 40% of the world’s market capitalization.
Sign Up with Email id/Password
Enter the OTP
Fill up your details to open a brokerage account
Upload a photocopy of your documents
Fill up your KYC details PAN number, Address etc
Just create account on DollarInvesting.in, powered by Stockal. We will have your brokerage account created with DriveWealth - our US partner for clearing services. It will take 2 business days for your account to get approved if all your information is correct. Once approved, you will have to fund the account by transferring money into the brokerage account from your bank account.
Once the funds become available in your brokerage account, you will be able to make investments on DollarInvesting.in. Feel free to use the extensive research and support available on the platform. After selling any of your investments, whenever you want to get your money back, just click on "Withdraw and all your available cash will be sent over to your domestic bank account.
Your investing (brokerage) account is opened with our partner platform, Stockal and in the US your account is held with clearing services firm DriveWealth - regulated by FINRA and SEC. It is a licensed carrying and self-clearing broker offering brokerage services to global investors. DriveWealth is backed by Softbank Group and other leading venture capital firms in the financial services ecosystem. The custody of your account, in turn, would be held by DriveWealth one of their custodian partners. Let us know if you need more information regarding the custody of your account. You can reach us by raising a ticket.
Our US brokerage and clearing partner, DriveWealth, works with Electronic Transaction Clearing Inc. (ETC), New York, for the custody of brokerage accounts.
US brokerage ecosystem recommends that ever investor account should have insurance. DriveWealth, is a member of the Securities Investor Protection Corporation (“SIPC”) which currently protects the securities and cash in your Account up to USD500,000 of which USD250,000 may be in cash.
Please note that this USD500,000 is not applicable general losses in the stock market. SIPC says the following: SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. A non-U.S. citizen with an account at a brokerage firm that is a member of SIPC is treated the same as a resident or citizen of the United States with an account at a brokerage firm that is a member of SIPC.
SIPC does not protect against the decline in value of your securities. SIPC does not protect individuals who are sold worthless stocks and other securities. SIPC does not protect claims against a broker for bad investment advice, or for recommending inappropriate investments. Explanatory brochure available upon request or at www.sipc.org.
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines. So, for now, your investments in US securities are also governed by the same limit.
Foreign investments fall under clearly defined RBI guidelines. The remittance of money for foreign investments comes under the Liberalized Remittance Scheme (LRS).
Under LRS an Individual can remit up to USD 250,000 per financial year to invest in foreign equities done through an authorized dealer (commonly, your bank). As per RBI policy, having a PAN card is required to purchase shares in foreign countries.
The following documents are needed:
Form A2 along with a declaration form: As per FEMA, required every time the money is sent abroad to declare the sum amount that is to be transferred. Your bank will file this for you within the LRS filings. Stockal automatically fills this for you - all you need to do is, make sure that the information is correct, then download the filled-in form, sign and upload it back for your bank to file.
Bank KYC documents: PAN card and your address proof.
All you need to do is click the "Withdraw" button on your Portfolio page or inside "My Account".
You will be shown how much money is available for you to withdraw. This is the "cash" in your account - either uninvested money or generated from sales of securities you, previously, owned. You can place a withdrawal request and the money will be wired to your domestic bank account. It takes 2-3 business days for the money to hit your account.
There is a $10 fee associated with withdrawals, charged by the US bank, so the cash balance in your account should be at least $10 at the time of placing the withdrawal request.
There is no TDS (Tax Deduction at Source) for your stock market gains in the US. So when you make money and send it back to your Indian bank account, the broker in the US does not deduct any tax on it. You will have to pay Short-term Capital Gains Tax OR Long-term Capital Gains Tax in India, whatever is applicable. Short-term Capital Gains apply if a security is held for less than 36 months.
A 30% TDS applies only on your dividend earnings. This is when stocks in your portfolio give out dividends to their investors.
US and India have a Double Taxation Avoidance Agreement (DTAA). This means that you pay tax only once. For the TDS done on your dividend earnings, you will get W-8BEN from DriveWealth. You can use it while filing your taxes in India to show that you have already paid taxes on this income. W-8BEN can be issued whenever you request. For any further queries and help understanding taxation, please feel free to raise a ticket and we will get back to you with an expert opinion.