You can access US stocks as our broker partner, Alpaca Securities Inc, offers them. Alpaca is regulated by the Financial Industry Regulatory Authority (FINRA). FINRA, in turn, is overseen by the Securities and Exchange Commission (SEC), USA.

 You can access US stocks as our broker partner, Alpaca Securities Inc, offers them. Alpaca is regulated by the Financial Industry Regulatory Authority (FINRA). FINRA, in turn, is overseen by the Securities and Exchange Commission (SEC), USA. 

How is Fi Money offering US stocks?

In the US, there’s no concept of a Demat account — the broker agency holds the stocks you buy. So on Fi, your US Stocks will be held by Alpaca Securities, our FINRA-regulated broker partner.

 In the US, there’s no concept of a Demat account — the broker agency holds the stocks you buy. So on Fi, your US Stocks will be held by Alpaca Securities, our FINRA-regulated broker partner. 

Do I need a Demat account to invest in US Stocks through Fi?

On Fi, your US stocks investing is almost real-time. When a Buy order is placed after a successful payment, your stocks get reserved as soon as the US market opens (if order is placed outside market hours) and get reserved instantly (if order is placed during market hours). The purchase is completed when the international transfer happens, however, the price one receives will be of the order fulfillment.&nbsp;Note: All orders get implemented when the US market is open.&nbsp;US Market timings:&nbsp;<ul><li>7:00 PM IST to 1:30 AM IST&nbsp;</li><li dir="ltr">8:00 PM IST to 2:30 AM IST (in case of non-Daylight Savings Time).</li></ul>

 On Fi, your US stocks investing is almost real-time. When a Buy order is placed after a successful payment, your stocks get reserved as soon as the US market opens (if order is placed outside market hours) and get reserved instantly (if order is placed during market hours). The purchase is completed when the international transfer happens, however, the price one receives will be of the order fulfillment.     Note: All orders get implemented when the US market is open.   US Market timings:    7:00 PM IST to 1:30 AM IST   8:00 PM IST to 2:30 AM IST (in case of non-Daylight Savings Time).  

How long does it take for the stock to be purchased?

It’s 100% legal to buy or sell US stocks through Fi as it's compliant with all regulations and laws in both the US and India. Our broker partner, Alpaca Securities, is a leading technology-led brokerage firm in the United States.&nbsp;Fi has only partnered with Alpaca after a thorough due diligence and audit of their practices. Additionally, <a href="https://www.sipc.org/for-investors/what-sipc-protects">SIPC (Securities Investor Protection Corporation)</a> insures securities of up to $500000 (and cash of up to $250000) for troubled brokerage firms.

 It’s 100% legal to buy or sell US stocks through Fi as it's compliant with all regulations and laws in both the US and India. Our broker partner, Alpaca Securities, is a leading technology-led brokerage firm in the United States.   Fi has only partnered with Alpaca after a thorough due diligence and audit of their practices. Additionally, SIPC (Securities Investor Protection Corporation) insures securities of up to $500000 (and cash of up to $250000) for troubled brokerage firms. 

Are there any legal or regulatory concerns to buy and sell US stocks through Fi?

This is to meet the additional requirements by our US broker partner, Alpaca Securities Inc., which must adhere to American regulations. Rest assured, we've streamlined the 3-minute account creation process— it only includes the necessary steps.

 This is to meet the additional requirements by our US broker partner, Alpaca Securities Inc., which must adhere to American regulations. Rest assured, we've streamlined the 3-minute account creation process— it only includes the necessary steps. 

As an existing user on the Fi app, why should I go through an account creation process again for US Stocks?

No, we’re sorry, but you cannot change the bank account associated with your Alpaca account.

 No, we’re sorry, but you cannot change the bank account associated with your Alpaca account. 

Can I change the bank account associated with my Alpaca account?

We currently offer a range of ETFs. However, American Depositary Receipts (ADRs) are still being explored as an option. We will expand into ADRs soon.

 We currently offer a range of ETFs. However, American Depositary Receipts (ADRs) are still being explored as an option. We will expand into ADRs soon. 

Can I also trade in ETFs, ADRs?

Yes, you can set up an SIP for US Stocks investment via the Fi Money app. You can start as low as a ₹1000 SIP and build a steady, growth-focused portfolio that could earn returns in dollars.

 Yes, you can set up an SIP for US Stocks investment via the Fi Money app. You can start as low as a ₹1000 SIP and build a steady, growth-focused portfolio that could earn returns in dollars. 

Can I set up auto-invest for US Stocks?

You can view your portfolio in the “Your Stocks” tab on the US Stocks section of your Fi app.

 You can view your portfolio in the “Your Stocks” tab on the US Stocks section of your Fi app. 

Where can I view my portfolio?

You can view all your account activity on the account activity page, which you can find in the “Your Stocks” tab on the US Stocks landing page. Here, you will find all the orders and order receipts, including those that have a foreign exchange rate applied. You can also find stock-specific activity under ‘My activity’ on each stock.

 You can view all your account activity on the account activity page, which you can find in the “Your Stocks” tab on the US Stocks landing page. Here, you will find all the orders and order receipts, including those that have a foreign exchange rate applied. You can also find stock-specific activity under ‘My activity’ on each stock. 

Where can I view all my trades, exchange rates applied on past orders, and order receipts?

You might be seeing this screen because you are new to Fi, and Fi is not able to see your source of income. Here’s what you can do next:Connect your other bank accounts to Fi, and we should be able to consolidate your funds across banks to establish your source of funds. Don’t worry this is done through the Account Aggregator system approved by the regulatory authority.If you are not new to Fi, we will use your Federal Bank Savings Account balance as source of funds.&nbsp;Either way, we recommend that you connect your other bank accounts to Fi, if you haven’t done so already.&nbsp;

 You might be seeing this screen because you are new to Fi, and Fi is not able to see your source of income. Here’s what you can do next:  Connect your other bank accounts to Fi, and we should be able to consolidate your funds across banks to establish your source of funds. Don’t worry this is done through the Account Aggregator system approved by the regulatory authority.  If you are not new to Fi, we will use your Federal Bank Savings Account balance as source of funds.   Either way, we recommend that you connect your other bank accounts to Fi, if you haven’t done so already.     

I am being asked to ‘Establish my source of funds’. Why am I seeing this? What do I do next?

On Fi, you don't need a wallet. Your money gets safely stored with our partner bank in your savings account. You can trade on US Stocks directly through your Federal Bank Savings Account. It has several advantages:&nbsp;<ul><li dir="ltr">Just add money to your bank account, place an order and make a successful transaction. That's it!&nbsp;</li><li dir="ltr">You don't need to wait until your wallet gets loaded, and you'll always get to take advantage of every buying opportunity!&nbsp;</li><li dir="ltr">You can reserve your stocks and the price at which you want to buy them.&nbsp;</li><li dir="ltr">You won't be restricted by the time it takes to conduct international remittances.</li></ul>

 On Fi, you don't need a wallet. Your money gets safely stored with our partner bank in your savings account. You can trade on US Stocks directly through your Federal Bank Savings Account. It has several advantages:    Just add money to your bank account, place an order and make a successful transaction. That's it!   You don't need to wait until your wallet gets loaded, and you'll always get to take advantage of every buying opportunity!   You can reserve your stocks and the price at which you want to buy them.   You won't be restricted by the time it takes to conduct international remittances.  

Why does the Fi app not have a wallet option?

Possible reasons for being stuck in the US Stocks account creation process and unable to trade:&nbsp;Incomplete KYC:&nbsp;Complete Video-KYC process and convert to Full KYC account. Contact Fi Care team at help@fi.care if still unable to trade.&nbsp;Failed AML check: Part of the standard account vetting process. Account activation takes 3 working days if greenlit. Additional documentation may be requested if necessary.&nbsp;PAN card retrieval issue:&nbsp;Upload PAN card on the Fi app to open a US Stocks account.&nbsp;Lack of valid 'source of funds' document:&nbsp;Submit 1-year bank statement as proof for outward remittances. Federal Bank Savings Account via Fi over 1 year old will use this savings account statement as proof. Connect other active bank account using Connected Accounts feature. 'ITR upload' and 'Bank statement upload' options coming soon for proof of source of funds.&nbsp;Note: Ensure the connected account is valid with at least 1 year's worth of transactions. Transaction data is encrypted and sourced securely through the regulated framework.

 Possible reasons for being stuck in the US Stocks account creation process and unable to trade:   Incomplete KYC: Complete Video-KYC process and convert to Full KYC account. Contact Fi Care team at help@fi.care if still unable to trade.   Failed AML check: Part of the standard account vetting process. Account activation takes 3 working days if greenlit. Additional documentation may be requested if necessary.   PAN card retrieval issue: Upload PAN card on the Fi app to open a US Stocks account.   Lack of valid 'source of funds' document: Submit 1-year bank statement as proof for outward remittances. Federal Bank Savings Account via Fi over 1 year old will use this savings account statement as proof. Connect other active bank account using Connected Accounts feature. 'ITR upload' and 'Bank statement upload' options coming soon for proof of source of funds.   Note: Ensure the connected account is valid with at least 1 year's worth of transactions. Transaction data is encrypted and sourced securely through the regulated framework. 

Why am I stuck in the US Stocks account creation process? Why am I not able to trade?

Yes, a daily as well as a monthly statement will be sent to your registered email ID.

 Yes, a daily as well as a monthly statement will be sent to your registered email ID. 

Does Fi provide a monthly or quarterly statement of my trades and holdings?

Getting started with US Stocks

When investing in US Stocks, the trades can be fractional. It means you don’t have to buy the entire share as you do for Indian stocks. You can choose to buy a fractional share.&nbsp;Since the stock prices are fairly high, you can buy half a stock or even 0.2311 stocks in a company instead of necessarily buying a whole stock.&nbsp; Therefore, you can order any amount that works for you. You could invest as high as $100 or as low as $10.&nbsp;Note: There are some restrictions on the trades you place.

 When investing in US Stocks, the trades can be fractional. It means you don’t have to buy the entire share as you do for Indian stocks. You can choose to buy a fractional share.   Since the stock prices are fairly high, you can buy half a stock or even 0.2311 stocks in a company instead of necessarily buying a whole stock.      Therefore, you can order any amount that works for you. You could invest as high as $100 or as low as $10.   Note: There are some restrictions on the trades you place. 

How are US Stocks different from Indian stocks?

If any of the below-mentioned limits are breached, your Buy order can be rejected:<ul><li dir="ltr">A daily limit of INR 1 lakh can be invested across Buy trades. If you hit the limit, you can place Buy trades the next day.&nbsp;</li><li dir="ltr">An annual limit on INR 10 lakhs can be invested across all Buy trades on Fi.&nbsp;</li><li dir="ltr">Indian regulatory authorities mandate an annual limit of $250000 total that can be remitted in a single Financial Year across banks.</li></ul>

 If any of the below-mentioned limits are breached, your Buy order can be rejected:   A daily limit of INR 1 lakh can be invested across Buy trades. If you hit the limit, you can place Buy trades the next day.   An annual limit on INR 10 lakhs can be invested across all Buy trades on Fi.   Indian regulatory authorities mandate an annual limit of $250000 total that can be remitted in a single Financial Year across banks.  

What are the restrictions on the Buy trades that the user places?

If you can't see your ordered stocks on your portfolio, it might be because the stock exchanges are closed. Orders placed during Indian daytime when the US exchanges are closed will be fulfilled when they open at 7 PM (or 8 PM without Daylight Saving Time). Your order status will be 'Open' in such cases. We're working to offer extended trading hours too. Note that: The US stock exchanges are open from 7 PM to 1:30 AM (India time, 8PM to 2:30 AM non DST).If your order was placed during these hours, and you still can’t see your stocks, please reach out to us and we’ll help sort this out for you.

 If you can't see your ordered stocks on your portfolio, it might be because the stock exchanges are closed. Orders placed during Indian daytime when the US exchanges are closed will be fulfilled when they open at 7 PM (or 8 PM without Daylight Saving Time). Your order status will be 'Open' in such cases. We're working to offer extended trading hours too.     Note that: The US stock exchanges are open from 7 PM to 1:30 AM (India time, 8PM to 2:30 AM non DST).  If your order was placed during these hours, and you still can’t see your stocks, please reach out to us and we’ll help sort this out for you. 

I have placed an order, but I can’t see the stocks in my portfolio yet.

In most cases, our market orders are fulfilled when the Market is open. However, some orders may be rejected after the Market closes, with refunded funds.&nbsp;This can happen if you fail our banking partner's foreign remittance checks, such as the $250,000 LRS limit per financial year. Exceeding this limit will result in order rejection, stock liquidation, and potential suspension of your US Stock account.&nbsp;There are cases where orders may also be restricted by the ₹1 lakh daily limit or ₹10 lakh annual limit. Refunds are typically processed within 1-2 working days. For assistance, contact help@fi.care.

 In most cases, our market orders are fulfilled when the Market is open. However, some orders may be rejected after the Market closes, with refunded funds.   This can happen if you fail our banking partner's foreign remittance checks, such as the $250,000 LRS limit per financial year. Exceeding this limit will result in order rejection, stock liquidation, and potential suspension of your US Stock account.   There are cases where orders may also be restricted by the ₹1 lakh daily limit or ₹10 lakh annual limit. Refunds are typically processed within 1-2 working days. For assistance, contact help@fi.care. 

My order for purchase of US Stocks was rejected. What do I do?

One can only cancel orders which are not yet fulfilled in the market. In case the buy order is cancelled, the funds against your order should reach you in 1-2 days. In case it doesn’t, contact us at help@fi.care and we should be able to sort this out for you.In case a sell order is cancelled, there will be no change in the portfolio value of your stocks.

 One can only cancel orders which are not yet fulfilled in the market. In case the buy order is cancelled, the funds against your order should reach you in 1-2 days. In case it doesn’t, contact us at help@fi.care and we should be able to sort this out for you.  In case a sell order is cancelled, there will be no change in the portfolio value of your stocks. 

I have cancelled my buy order. What happens in such a case?

All amounts are subject to changes in stock prices and forex rates which continuously change. There might be slight differences in the amount that you see at the time of purchase and the actual amount that you receive. This also applies to stocks that you are purchasing; you might see a slight difference in the number of stocks being purchased as compared to the actual quantity you see.

 All amounts are subject to changes in stock prices and forex rates which continuously change. There might be slight differences in the amount that you see at the time of purchase and the actual amount that you receive. This also applies to stocks that you are purchasing; you might see a slight difference in the number of stocks being purchased as compared to the actual quantity you see. 

Why have I received different amounts of money, stock quantities, and remittances as compared to what I saw on the app?

Please reach out to us at help@fi.care, and we will request our broker partner to make that particular stock available.

 Please reach out to us at help@fi.care, and we will request our broker partner to make that particular stock available. 

I am not able to find a stock that I want to buy.

Investing in US Stocks

Your stocks aren’t considered fully purchased until the remittance against them is conducted. This means you need to pass a check called LRS which is mandated by the government.Hence, your stocks will be placed under a sell-lock until your foreign remittance checks are completed (which includes LRS). This generally takes up to 1 working day from the time of order placement to get completed. Once this is done, you should be able to sell your stocks.

 Your stocks aren’t considered fully purchased until the remittance against them is conducted. This means you need to pass a check called LRS which is mandated by the government.  Hence, your stocks will be placed under a sell-lock until your foreign remittance checks are completed (which includes LRS). This generally takes up to 1 working day from the time of order placement to get completed. Once this is done, you should be able to sell your stocks. 

I have placed an order and received my stocks but am not able to sell them. What can I do here?

After your sell order is fulfilled, it will take approximately 2 working days for our broker partner, Alpaca Securities Inc., to settle your funds. The processing time for the funds to reach your Federal Bank Savings account on Fi is usually 1-2 working days. Therefore, it may take up to 4 working days for you to receive the funds in your bank account. If there are any delays beyond this timeframe, please contact us at help@fi.care. You can check the estimated time on the order details page in our app.

 After your sell order is fulfilled, it will take approximately 2 working days for our broker partner, Alpaca Securities Inc., to settle your funds. The processing time for the funds to reach your Federal Bank Savings account on Fi is usually 1-2 working days. Therefore, it may take up to 4 working days for you to receive the funds in your bank account. If there are any delays beyond this timeframe, please contact us at help@fi.care. You can check the estimated time on the order details page in our app. 

How does a Sell order work on US Stocks on Fi? How long will it take for the funds to be credited to my account?

Yes there are a few restrictions. You can’t place a ‘Sell’ order for a value less than $1. You cannot place more than 1 sell order for the same stock to prevent accidentally placing orders of value more than the user’s portfolio is worth.

 Yes there are a few restrictions. You can’t place a ‘Sell’ order for a value less than $1. You cannot place more than 1 sell order for the same stock to prevent accidentally placing orders of value more than the user’s portfolio is worth. 

Are there any restrictions on Sell orders?

This could have happened because you failed our banking partner’s checks on foreign remittances. One of these is the LRS or Liberalised Remittance Scheme. Under this rule, Indian residents are allowed to remit funds up to $250K in a financial year. If you have already reached this limit, or if your current purchase order breaches this limit, then your order will be rejected. Your money will be refunded and should reach your account in 1-2 working days. If you’ve not received it, contact us at help@fi.care.

 This could have happened because you failed our banking partner’s checks on foreign remittances. One of these is the LRS or Liberalised Remittance Scheme. Under this rule, Indian residents are allowed to remit funds up to $250K in a financial year. If you have already reached this limit, or if your current purchase order breaches this limit, then your order will be rejected. Your money will be refunded and should reach your account in 1-2 working days. If you’ve not received it, contact us at help@fi.care. 

I have cancelled my sell order. What happens in such a case?

The funds against your order should reach you in 1-2 days. Contact us via in-app chat or help@fi.care, and we should be able to resolve this for you.

 The funds against your order should reach you in 1-2 days. Contact us via in-app chat or help@fi.care, and we should be able to resolve this for you. 

I have cancelled my order because my LRS got rejected, and I haven’t received my refund.

Placing a sell order for a stock that you haven’t yet purchased means that you are ‘Shorting’ stocks. While you can place Short orders in US stock exchanges, you won’t be able to do that on Fi. If we do enable ‘Shorting’, you’ll hear it straight from us.

 Placing a sell order for a stock that you haven’t yet purchased means that you are ‘Shorting’ stocks. While you can place Short orders in US stock exchanges, you won’t be able to do that on Fi. If we do enable ‘Shorting’, you’ll hear it straight from us. 

Can I place a sell order for stocks that I haven’t yet purchased?

You will have 2 (Market Open) days to sell off all US Stock holdings. Once the proceeds of the sales of US Stocks reach your Federal Bank Savings Account on Fi, you can then go ahead and close the Federal Bank account on Fi.

 You will have 2 (Market Open) days to sell off all US Stock holdings. Once the proceeds of the sales of US Stocks reach your Federal Bank Savings Account on Fi, you can then go ahead and close the Federal Bank account on Fi. 

What happens to my US stock holdings if I want to close my Federal Bank Savings Account linked to Fi?

Selling US Stocks

There are absolutely no charges for brokerage, withdrawals and commissions. However, note that a minimum GST of ₹45 is charged for each outward foreign remittance transaction and inward remittance transaction, which means that you will have GST applicable on each fund addition or withdrawal from your US Broking account that you place. You can read more about GST calculations&nbsp;<a class="editor-rtfLink" href="https://www.gsthelplineindia.com/blog/2019/10/11/gst-on-foreign-exchange-conversion/" style="margin-bottom: 0pt; color: rgb(74, 110, 224);" target="_blank">here</a>.&nbsp;The Government of India also charges TCS (Tax Collection at Source) of 20% on each remittance transaction if you have sent more than ₹10 lakh worth of international transfers in the financial year.Please also note that we charge a $50 withdrawal fee if you choose to withdraw to any bank account other than the Federal Bank Savings Account associated with Fi.

 There are absolutely no charges for brokerage, withdrawals and commissions. However, note that a minimum GST of ₹45 is charged for each outward foreign remittance transaction and inward remittance transaction, which means that you will have GST applicable on each fund addition or withdrawal from your US Broking account that you place. You can read more about GST calculations here.   The Government of India also charges TCS (Tax Collection at Source) of 20% on each remittance transaction if you have sent more than ₹10 lakh worth of international transfers in the financial year.  Please also note that we charge a $50 withdrawal fee if you choose to withdraw to any bank account other than the Federal Bank Savings Account associated with Fi. 

What are the charges that you take from the user?

Fees and Charges

Yes, you are eligible to take corporate actions on your US Stock holdings, and you hold voting rights (if you own the specific type of shares with voting rights). You will receive an email from Alpaca/Fi/partners whenever there’s a pending corporate action, and you can take those actions for a fee, wherever applicable.

 Yes, you are eligible to take corporate actions on your US Stock holdings, and you hold voting rights (if you own the specific type of shares with voting rights). You will receive an email from Alpaca/Fi/partners whenever there’s a pending corporate action, and you can take those actions for a fee, wherever applicable. 

Am I eligible for corporate actions on my US Stock holdings?

Yes, once you make the purchase, you are the owner of the stock. You are eligible for any dividends, stock splits, or bonus shares announced. Declared dividends will reach your Federal Bank Savings Account on Fi within 3-4 days. Stock splits and bonus shares will be credited to your portfolio automatically.

 Yes, once you make the purchase, you are the owner of the stock. You are eligible for any dividends, stock splits, or bonus shares announced. Declared dividends will reach your Federal Bank Savings Account on Fi within 3-4 days. Stock splits and bonus shares will be credited to your portfolio automatically. 

Am I eligible for dividends or bonus shares on my US stock holdings?

Your profits from investments in the US stock market are covered under the DTAA or Double Tax Avoidance Agreement. This is an agreement between the Indian and US governments to ensure the same income is not taxed twice. Dividend income from US stock investments is taxed at 25% for Indians and can be claimed as Foreign Tax Credit on domestic tax fillings (through to DTAA).&nbsp; While capital gains are immune from taxation in the US, in India, it attracts a 20% long-term capital gains (LTGC) tax levied on holdings of two years or more. Capital gains for a short-term holding (less than two years) are added to your annual income and taxed as per your income slab.

 Your profits from investments in the US stock market are covered under the DTAA or Double Tax Avoidance Agreement. This is an agreement between the Indian and US governments to ensure the same income is not taxed twice. Dividend income from US stock investments is taxed at 25% for Indians and can be claimed as Foreign Tax Credit on domestic tax fillings (through to DTAA).      While capital gains are immune from taxation in the US, in India, it attracts a 20% long-term capital gains (LTGC) tax levied on holdings of two years or more. Capital gains for a short-term holding (less than two years) are added to your annual income and taxed as per your income slab. 

Will any capital gains taxes apply to my US Stocks investments and dividends?

There is a minimum GST of ₹45 applicable for any inward remittance. You can see the details of the tax charges on the order details page.&nbsp;In India, there is a GST applicable on forex conversion. Whenever you receive money from Alpaca Securities Inc., our American broker, in US Dollar, this amount is converted into Indian Rupees and credited to your Federal Bank Savings Account on Fi.&nbsp;Even if you’re receiving an inward remittance of ₹45 or less (which might happen in case of dividends), the tax will be applicable and deducted from your account. You can read more about the GST slab rates <a href="https://www.gsthelplineindia.com/blog/2019/10/11/gst-on-foreign-exchange-conversion/">here</a>.

 There is a minimum GST of ₹45 applicable for any inward remittance. You can see the details of the tax charges on the order details page.   In India, there is a GST applicable on forex conversion. Whenever you receive money from Alpaca Securities Inc., our American broker, in US Dollar, this amount is converted into Indian Rupees and credited to your Federal Bank Savings Account on Fi.   Even if you’re receiving an inward remittance of ₹45 or less (which might happen in case of dividends), the tax will be applicable and deducted from your account. You can read more about the GST slab rates here. 