Indians are increasingly investing in US stocks, and US stock market brokers in India are making this possible. Recent RBI data revealed that for resident Indians, outward remittances under the Liberalised Remittance Scheme (LRS) were over $19,600 million in FY22 as compared to just over $18,700 million in FY20. If you have also considered making US stock investments from India, you must know where to begin.
The first step is to open an overseas trading account. You can do this either with a domestic broker who has tie-ups with US stock brokers, or directly with a US stock broker in India.
A US stock broker is a stock broking service provider who is authorised to offer its customers access to the US stock market. As an Indian investor wondering how to invest in the US market from India, you can open an overseas trading account with a US stockbroker with an established presence in India.
The best brokers to invest in US stocks from India offer a wide range of services, including the following:
If you want to know how to invest in the US market from India in the best manner possible, choosing a good US stockbroker is essential. The following tips can guide you to find the best broker to invest in US stocks from India.
There are various US stock brokers in India, like TD Ameritrade, Interactive Brokers, Fidelity and Charles Schwab. Compare your options and shortlist the brokers offering the services you seek.
Identify the segments you will be most frequently trading or participating in. Once you’ve done that, check the fees and commissions for trading in those market segments. Many of the best brokers to invest in US stocks from India offer commission-free trading opportunities today.
The next step is to check the range of features and services the US stock brokers on your watchlist offer. Most leading stock brokers today offer online trading services across multiple platforms like the web and mobile interfaces.
Once you have zeroed in on the US stock brokers whose fee structures are within your budget, you need to look at what the existing customers are saying about those brokers. Look at reviews and customer forums online to get a clear picture.
You also need to assess the kind of support your shortlisted US stock brokers in India offer their customers. Check if there are any toll-free numbers you can contact, or any email IDs you can write to. Get to know how easy or difficult the process of grievance redressal is.
When you find a US stock broker in India who checks all the boxes outlined above, you know you’ve found the right broking service provider for your trading and investment needs.
Investing in US stocks can be an effective strategy if you are keen on diversifying your investment portfolio beyond the domestic market. Fi Money makes this possible, with curated collections, industry-best forex rates, and of course, zero brokerage fees. Open your account and start investing in US stocks effortlessly today.
US stock brokers in India are essentially foreign stock brokers with an established presence in India. Some examples include Interactive Brokers, Charles Schwab, Fidelity and TD Ameritrade.
Indian investors wondering how to invest in US markets from India may find that the answer lies with US stock brokers with a domestic presence. By opening an overseas trading account with such foreign brokers, Indians can invest in the US stock markets easily.
US stock market brokers in India typically offer a wide range of services like commission-free trades, mobile and web trading platforms, stock and asset screeners, comprehensive stock research and more.
The fees associated with using a US stock broker in India vary from one service provider to another. You can compare the pricing programs of different service providers and choose the best broker to invest in US stocks from India accordingly.
