The U.S. stock market is thriving and includes some of the world’s most sought-after stocks. Now, who doesn’t want to dip their toes in the growing market of America? But that is where the issue arises. Many people do not know how to invest in the stock market of the USA from their hometowns in India. That is where the USA stock brokers in India will offer the solution you need. These are popular platforms that help you to invest in US stocks without any issues.
Although it can seem like a foolproof solution, there are some challenges that exist as well. Think of scam brokers or platforms that are not legitimate! To help you get through the hurdles, we have compiled a list of the best US stock brokers in India. Choose anyone from this list and jump into the growing market of the United States of America.
Most Popular US Stock Brokers in India
While making the list of the best US stock brokers in India, we have paid attention to detail concerning aspects like –
- Features offered by the platform
- Reviews are given by previous users
- Attention to safety offered by the stock broker
- Availability of research tools
- Fees charged by the platform
So, here’s our list of the best platforms available in India –
| Rank | Platform | Score | Best For |
| 1 | Interactive Brokers | 4.9 | The overall best platform for anyone who wants to enter the US stock market.Extremely low trading fees. A number of useful research tools can be obtained. |
| 2 | Mexem | 4.6 | Best platform for someone with proper experience in trading.Trading fees are low. Many helpful research tools are there. |
| 3 | Tradestation | 4.6 | Best for traders who are active. Offers amazing mobile trading. The investor protection value is high.Great option to do algorithmic trading. |
| 4 | Cap Trader | 4.4 | If you want low ETF and stock fees, then this is a good option.It gives interest on cash that is uninvested.A very liked platform for short selling.Very good research tools are there. |
| 5 | tastytrade | 4.3 | Really helpful educational materials are there. The process of opening an account is very quick. A lot of research tools are available. |
| 6 | Swissquote | 4.2 | If you want the most convenient deposit/withdrawal options, then this is a great platform. Account opening is fast. |
| 7 | Zack’s Trade | 4.1 | Most user-friendly platform for people new to the trading field.The fees charged are very low. |
| 8 | Firstrade | 4.0 | The most convenient trading conditions are offered. A lot of helpful educational materials are there. Good platform if you want to do short selling. |
| 9 | Alpaca Trading | 3.9 | A great option if you want to do algorithmic trading. The trading fees taken are competitive as well. Helpful charting tools are there. |
| 10 | TradeZero | 3.8 | An amazing option for short selling. Account opening does not take much time. Customer support is really commendable. |
Safety and Regulatory Landscape in India
Despite being such a big step of investing outside your own country, investing in US stocks from India is relatively easy and safe, due in large part to both very strong local regulatory frameworks as well as international guidelines in place. Investors in India have peace of mind knowing that their interests are protected with a combination of stringent consumer supervision and strong investor protections.
Leading this set of protections is the prospect of the Securities and Exchange Board of India (SEBI) upholding Indian broker regulations for foreign trades. Along with SEBI, the Reserve Bank of India (RBI) manages foreign investments via the Liberalized Remittance Scheme (LRS). Such a framework will not only validate overseas investments but will also make it easier for Indian investors to look beyond borders.
From the international perspective, Indian traders can seek the oversight of Tier-1 regulators such as the US SEC & FINRA. These bodies have set rigorous rules for US brokers, requiring transparency and investor protection. In addition, several brokers work with custodian services to bring the clients a step further to safety.
On the home front, the Investor Protection Funds (IPF) provided by the likes of NSE and BSE have been offering resources and risk mitigation strategies.
The combination of an Indian layer and an international layer creates this seamless two-tier protection, making buying US stocks from India easy, convenient, regulated, and thereby safe for investors.
Top Brokers Compared on the Basis of Safety and Regulation Adherence
How safe a broker is depends on many factors. Some of these factors include their past records, top-tier regulators, etc. Here is the detailed list –
| Platform | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| Top-tier Regulators | FCA (UK)ASIC (Australia)SEC (USA) | CBI (Ireland) | SEC and FINRA (USA) | CBI (Ireland) | SEC and FINRA (USA), ASIC (Australia) | FCA (UK), FINMA (Switzerland), CSSF (Luxemburg) | SEC and FINRA (USA) | SEC and FINRA (USA) | SEC and FINRA (USA) | SEC and FINRA (USA), CIRO (Canada) |
| Scandalous Records | The track record is clean. It hasn’t faced any fines or regulation-related charges | The track record is clean. It hasn’t faced any fines or regulation-related charges | It once failed to register its crypto lending product. Paid a fine for it in the year 2022. | The track record is clean. It hasn’t faced any fines or regulation-related charges | The track record is clean. It hasn’t faced any fines or regulation-related charges | Last year, in 2023, it faced a fine of CHF 75’000. The issue raised was for negligent breach of rules. | The track record is clean. No fines or regulation-related charges | The track record is clean. No fines or regulation-related charges | The track record is clean. No fines or regulation-related charges | There was an issue in 2024 regarding the content that some online influencers posted who were under the paid service of the platform. The fine was $250,000. |
| Safe Broker | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Protection of Investors | $500k (cash up to $250k) to US clients | €20k | $500k (cash up to $250k) | €20k | $500k (cash up to $250k) | £85k to UK, €100k for cash and €20 for securities to EU, 100CHF to 120 other countries, 500HKD to China | $500k (cash up to $250k) | $500k (cash up to $250k) | $500k (cash up to $250k) | $500k (cash up to $250k), 1M CAD to Canadian clients |
| Founding Year | 1977 | 2018 | 1982 | 1997 | 2017 | 1996 | 1978 | 1985 | 2015 | 2015 |
Comparison of Fees
Here is a detailed overview of the fees of the best US stock brokers in India.
| Platform | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| Stock fee | $0.005/share ($1 min) | $0.005/share ($1 min) | $5 | $0.01/ share ($2 min) | $0 | $9-$190 | $0.01/ share ($1 min) | $0 | $0 | $0.99 is the fee taken for orders for a limit of 200 shares, and $0.005/share is charged above that |
Comparison of Fees (Non-trading)
There are some other fees that can be charged by platforms, but they do not come under trading fees. Charges to open an account or to make a deposit come under non-trading fees. Here’s what each platform charges –
| Broker | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| Fee to do a withdrawal | $0 | $0 | $0 | $0 | $0 | $10 | $0 | $0 | $0 | $15 |
| Fee to make a deposit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15 |
| Fee for being inactive | $0 | $0 | $10 per month for accounts below $5000 or for less than 10 transactions in 3mo | $1 per month for accounts below $1000 after 1mo | $0 | $0 | $15 per month for accounts below $25000 | $0 | $0 | $0 |
| Account related fee | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
The table below offers insight into the account opening speeds and fractional shares’ availability on different platforms.
| Platform | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| Deposit Amount (Minimum) | $0 | $0 | $0 | $2000 | $0 | $0 | $0 | $0 | $0 | $250 |
| Debit/Credit card | No | No | No | No | No | Yes | No | No | No | No |
| Fractional shares | Yes | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Account Opening Time | 1-3 days | 1 day | 1-2 days | 10 days | 1 day | 1 day | > 3 days | 1-3 days | 1 day | 1 day |
Comparison on the Basis of Mobile and Web Trading
Here’s a detailed look at the trading platforms on the basis of mobile app performance and other aspects like algorithmic trading.
| Broker | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| Platform Efficiency | 4.8 | 4.7 | 5.0 | 4.4 | 4.1 | 4.2 | 4.0 | 4.5 | 4.2 | 4.1 |
| Availability of Demo Account | Yes | Yes | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
| Algorithmic trading | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Tradingview | Yes | Yes | Yes | Yes | No | No | Yes | No | Yes | No |
| Mobile app Performance | 5.0 | 4.9 | 5.0 | 4.5 | 4.6 | 4.7 | 4.5 | 4.6 | 4.5 | 4.4 |
Comparison of Financial Assets and Markets
The table below compares the available financial products.
| Broker | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zacks Trade | Firstrade | Alpaca Trading | TradeZero |
| Mutual Funds (providers) | 600 | 600 | 54 | 600 | – | 120 | 550 | – | – | – |
| ETFs | 13,000 | 13,000 | 3,000 | 13,000 | 2,200 | 1,000 | 13,000 | 0 | – | – |
| Stocks | 90 | 90 | 5 | 90 | 4 | 6 | 90 | 3 | – | 4 |
| Futures | 32 | 32 | 11 | 32 | 8 | 5 | – | – | – | – |
| CFDs | 8,515 | 8,515 | – | 8,515 | – | 3,000 | – | – | – | – |
| Bonds | 41,336 | 41,336 | 630 | 41,336 | – | 20,000 | 38,321 | – | – | – |
| Options (exchanges) | 34 | 34 | 10 | 34 | 8 | 5 | 34 | – | – | – |
| Cryptos | 5 | 5 | – | 5 | 4 | 5 | 4 | – | – | 3 |
| Forex | 100 | 100 | – | 100 | – | 80 | – | – | – | – |
Top US Stock Brokers User Base
This table looks at the number of clients that each broker has.
| Platform | Interactive Brokers | Mexem | Tradestation | Cap Trader | tastytrade | Swissquote | Zack’s Trade | Firstrade | Alpaca Trading | TradeZero |
| User Base | 2.6M | N/A | 220k | N/A | 105k | 570k | N/A | N/A | N/A | N/A |
Top US Stock Brokers in India Reviewed
When we speak of the best US stock brokers, it means the ones who offer the best rates and total peace of mind. It means no scams or hideous actions – transparency all through the process. Let’s start by taking a detailed look at the winner in the list, Interactive Brokers.
Interactive Brokers
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Opening Duration | 1-3 days |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $0.005 per share with a minimum of $1 |
| Account Maintenance Fees | $0 (no inactivity fee) |
| Mobile Application Rating | 5.0 (outstanding user score) |
| Deposit Charges | $0 (no fees for deposits) |
| Withdrawal Charges | $0 (no fees for withdrawals) |
Key Points
- Interactive Brokers enables investors to open an account without a minimum deposit, so it is suitable for every type of investor.
- The account opening process usually takes between 1-3 days, which allows you to get access to trading very quickly.
- The platform is designed to support a variety of financial products, with the availability of stocks, options, ETFs, bonds, and more, allowing for almost any investment strategy.
- TWS and IBKR Mobile platforms are available for professional-level trading.
- It has one of the best order execution quality, where trades generally get executed at or better than NBBO price.
Pros
- The broker provides commission-free ETF and U.S. stock trading under the IBKR Lite plan and low rates under the IBKR Pro plan.
- Interactive Brokers offers numerous advanced research tools and resources to help investors make smarter decisions.
- It is available in over 200 countries, which means access to global markets and the full range of investment products.
- Inactive users do not have to pay for something they’re not using, meaning they can keep their accounts functional without paying extra.
Cons
- Beginners might find the platform overwhelming, and its wide range of features and tools may require some learning.
- Interest on cash (uninvested) only begins after users keep a $10,000 balance; nothing is paid on balances lower than this.
Mexem
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Setup Duration | 1 day |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $0.005 per share with a minimum of $1 |
| Account Maintenance Fees | $0 (no inactivity fee) |
| Mobile Application Rating | 4.9 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Mexem provides investors with great accessibility by requiring no minimum amount to open a trading account.
- It opens an account in a single go, and most times, accounts are opened within a period of one day.
- It gives users access to over 30,000 financial products, such as stocks, ETFs, options, and futures in over 150 global markets.
- Good customer support customized for traders.
- The broker has a range of competitive trading platforms that offer smart routing and up-to-the-second market data, among other useful features.
Pros
- With markets in 35 countries and 23 currencies, traders have plenty of room to diversify.
- With Mexem, it is possible to trade fractionally on most EU and U.S. stocks, adding extra flexibility for investors and allowing them to buy smaller shares.
- The broker has also been keen on providing customer support in more than 10 languages to cater to their clients coming from different boarding grounds around the globe, neutralizing any language barrier and providing an overall better experience.
- Complimentary real-time stock market data from EU and U.S. exchanges helps users make informed decisions.
Cons
- Some users might feel the idea of practicing on a demo account is pointless if it doesn’t allow for the same level of functioning as live trading, which is the case here.
- If an account is not functional, then an inactivity fee will be applied.
Tradestation
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Setup Duration | 1-2 days |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $5 |
| Account Maintenance Fees | $10 per month for accounts below $5,000 or fewer than 10 transactions in 3 months |
| Mobile Application Rating | 5.0 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Enhanced functionality for active traders.
- Low commissions on U.S. stocks and options.
- Built a wide range of charting and analytical tools.
- A broad range of assets, which includes futures.
- Tailored trading environment.
Pros
- Algorithmic trading support with coding toolsets like EasyLanguage
- Comprehensive charting tools for all technical analysis basics
- Execution speed stability for active day traders
- Extensive derivative support including but not limited to options and futures
- Regular webinars for traders at every level
Cons
- Overkill and high-end customization and features – not suited for a beginner.
- If you wish for more of its premium features, you will need higher account funding.
Cap Trader
| Feature | Details |
| Initial Funding Requirement | $2,000 |
| Account Opening Duration | 10 days |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $0.01 per share with a minimum of $2 |
| Account Maintenance Fees | $1 per month for accounts below $1,000 after 1 month |
| Mobile Application Rating | 4.5 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key points
- Get Interactive Brokers platform access
- Fewer commissions and margins
- A wide array of asset selections consisting of stocks and ETFs
- Access to multiple global markets
- Solid customer support features
Pros
- A zero minimum deposit is required to enter.
- Good integration with Interactive Brokers for broad market access
- Provides strong risk management solutions for forex and derivatives
- Customer support in local languages to serve Indian and global traders
- Less complicated pricing scheme for retail clientele
Cons
- Lesser markey in India when compared to bigger rivals
- Scarcity of independent learning resources on trading strategies
tastytrade
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Setup Duration | 1 day |
| Trial Account Availability | No |
| Commission for U.S. Stocks | $0 |
| Account Maintenance Fees | $0 (no inactivity fee) |
| Mobile Application Rating | 4.6 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Great for low-fee options trading
- A platform that is novel and easy to use
- Free resource materials
- More effective strategy formulation tools
- Concentrated on economic trading
Pros
- Focus on options trading with comprehensive strategy guides
- Convenient platform suitable for active traders
- Insights and strategy sharing in collaboration with the community
- Zero in on the analytics tools that give real-time insights for fast decisions
- Clear, upfront pricing with no hidden fees
Cons
- Limited asset classes beyond options and futures
- Does not offer holistic research instruments for stock selection
Don’t miss out on top-tier investment opportunities! –Open Account
*Your capital is at risk.
Swissquote
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Opening Duration | 1 day |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $9-$190 |
| Account Maintenance Fees | $0 |
| Mobile Application Rating | 4.7 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $10 |
Key Points
- Fully regulated Swiss safe trading
- Wide range of tradable assets
- Great trading platforms with research instruments
- A trustworthy source for geographical diversification
- Support options are pretty robust
Pros
- Solid protection standards secured by the Swiss financial legislation
- Wide-range forex options with tight spreads
- Dedicated tools for insights and research
- Integrated international banking services for instant transactions
Cons
- For active traders, the user interface can feel dated
- A narrow focus on niche areas and types of products
Start Trading with the Best Broker Today! –Open Account
*Your capital is at risk.
Zack’s Trade
| Feature | Details |
| Initial Deposit Requirement | $0 |
| Account Opening Duration | More than 3 days |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $0.01 per share with a minimum of $1 |
| Account Maintenance Fees | $15 per month for accounts below $25,000 |
| Mobile Application Rating | 4.5 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Top-rate tools for research and analysis
- Low trading commissions
- Wide range of available assets: U.S. equities, ETFs & other
- Advanced trading platforms
- Dedicated customer support
Pros
- Free access to premium third-party research reports
- Focus given on U.S.-centric stocks with low price points
- Provides you with trading setups and strategies
- Targeted at seasoned traders in need of pro features
- Different account types for retail and professional investors
Cons
- Advanced customization is not available on the mobile platform
- Equity or ETF zero-commission trades are not available
Firstrade
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Setup Time | 1-3 days |
| Trial Account Availability | No |
| Commission for U.S. Stocks | $0 |
| Account Maintenance Fees | $0 (no inactivity fee) |
| Mobile Application Rating | 4.6 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Trade stocks and ETFs with zero commission
- Simple and intuitive platform
- Comes with free research tools and teaching content
- No account minimums
- A useful platform for beginners
Pros
- No-commission trading on stocks, ETFs, and options with no hidden fees
- Beginner-friendly platform with a simple setup
- Multilingual support is given to diverse clientele
- Tools for passive and long-time investors
- No fees for account maintenance and inactivity
Cons
- Relative low level of international market access if compared to Interactive Brokers
- Competitors offer more extensive research tools
Alpaca Trading
| Feature | Details |
| Initial Funding Requirement | $0 |
| Account Opening Duration | 1 day |
| Trial Account Availability | Yes |
| Commission for U.S. Stocks | $0 |
| Account Maintenance Fees | $0 (no inactivity fee) |
| Mobile Application Rating | 4.5 (user satisfaction score) |
| Deposit Charges | $0 |
| Withdrawal Charges | $0 |
Key Points
- Algorithmic and programmatic trading have free API access
- No commissions in U.S. stocks and ETFs
- A tech-savvy platform, it is simple and efficient.
- Best for developers creating custom trade strategies
- Lightweight, flexible tools for seamless trading
Pros
- Best for algorithmic strategies, it is an API-driven trading platform
- Stocks and ETFs with zero-fee trading
- Provides fractional shares for accessible investing
- Enables integration with external tools (customizable)
- Traders also benefit from the flexibility offered by cloud services
Cons
- Some customer support response times are faster than others
- Forex, options, and mutual fund trading not offered
TradeZero
| Feature | Details |
| Initial Deposit Requirement | $250 |
| Account Setup Time | 1 day |
| Practice Account Availability | Yes |
| Commission for U.S. Stocks | $0.99 flat fee for orders up to 200 shares; $0.005 per share for additional shares |
| Account Maintenance Charges | $0 (no inactivity fee) |
| Mobile Application Rating | 4.4 (user satisfaction score) |
| Deposit Fee | $15 |
| Withdrawal Fee | $15 |
Key Points
- Low-cost trading for U.S. stocks, with daytrader-focused tools
- Account opening in five minutes from phone in full digital mode
- Short selling for active traders
- A secure platform with tailor-made features
- Concentrated on high customer service level
Pros
- Real-time streaming data and quick trading
- Cost-effective commission plans made for high-volume traders
- A range of advanced order types for strategic trading
- Stable and dependable on both desktops and mobiles
Cons
- Very few investing options are there beyond stocks & ETFs
- Passive investors and long-term stock investors are not suited here
Criteria for Choosing the Best US Stock Broker in India
Here are the top things to keep in mind:
Regulatory Compliance
This will include registration of the broker itself with regulatory authorities like the Securities and Exchange Commission (SEC) in the case of the US and the following of guidelines of the Reserve Bank of India (RBI).
Fees and Charges
- Search for brokers that offer competitive commission structures, which include zero-commission trading.
- As you will be doing investments that require an exchange of INR to USD, check the currency exchange fees.
- Learn about any fees for withdrawing money out of your brokerage account.
Account Types and Minimum Deposits
Consider what kind of accounts are available (individual, joint, retirement, etc.) and if the firm has a minimum deposit to get started. Platforms like Interactive Brokers facilitate fractional shares, which are great for smaller investors.
Investment Options
Look at the range of investment options on offer, from stocks to ETFs, mutual funds, and options trading. Depending on which brokerages you look at, you can gain access to broader US stocks and investment vehicles.
User Experience and Features of the Platform
Evaluate how easy it is to use the trading platform, whether it has a mobile app or not, and what customer support services are available. A great user-friendly interface can make a huge difference in your trading experience.
Tax Implications for Indian Investors in US Stock Trading
There are a lot of factors to keep in mind when it comes to investing in US stocks from India and the tax implications involved. Below are the main tax considerations:
Dividend Tax: The dividends that an investor receives when investing in US securities are subject to a 25% tax in the US. However, one can claim this tax in Indian tax liabilities under the Double Taxation Avoidance Agreement [DTAA] between India and the US. Dividends in India are taxed as per the investor’s income tax slab.
Capital Gains Tax: The US does not charge any capital gains tax, but all Indian investors are chargeable to tax in India for capital gain. If the stocks are held for more than 24 months, then you are liable to pay Long Term Capital Gains(LTCG) of 20%. If they are held for less than 24 months, they become Short-Term Capital Gains (STCG) and are subject to tax based on your income tax slab.
Getting Started with US Stock Trading as an Indian Investor
To trade US stocks from India, you first need to select a brokerage platform that facilitates market access for Indian investors through US-based brokers or brokers in India with international connections. Then, set up a trading account by filling out the KYC (know your customer); most of the platforms are integrated with a smooth onboarding process.
After you create an account, fund it from a Federal Account for superior forex rates while following the Liberalized Remittance Scheme (LRS) of the Reserve Bank of India. Once you have funded your account, research and choose which US stocks or ETFs to invest in based on your investment goals and risk tolerance. Once you determine what to buy or sell, place your stock trades through your brokerage platform and check in on your investments regularly.
Trading Options Available to Investors in India
Indian clients are allowed to trade in the below-mentioned US market products via FEMA-compliant brokers.
- ADRs (American Depository Receipts): Purchase foreign corporate stock in this country via US exchanges
- US Stocks: You can make direct investments in popular firms such as Nvidia, Upstart, or Tesla.
- Mutual Funds: Easiest exposure to the American markets through mutual funds that are focussed globally.
- Fractional Shares: Fractional share trading allows investors to purchase fractions of high-value stocks, enabling them to invest with smaller capital.
Key Factors for Indian Investors in US Stock Markets
- If the broker is not ensuring that his actions are in accordance with FEMA and RBI guidelines, he could lead to your breach of FEMA regulations as well.
- Be careful of forex conversion fees when transferring INR (Indian rupee) to USD (U.S. dollar) for trading activity.
- One should take in the obligations of dividend withholding tax and capital gains tax for India and the US.
Conclusion
We analyzed the best US stock brokers for Indian clients and found that Interactive Brokers is the best broker in 2024. Interactive Brokers provides unrivaled value for Indian investors looking for US stock investment with its access to 90+ international stock markets at competitive costs and cutting-edge trading tools. It is fully compliant with RBI and FEMA guidelines, has great resources for learning, and has very well-functioning and reliable customer support.
| Rank | Platform | Score | Best For |
| 1 | Interactive Brokers | 4.9 | The overall best platform for anyone who wants to enter the US stock market.Extremely low trading fees. A number of useful research tools can be obtained. |
| 2 | Mexem | 4.6 | Best platform for someone with proper experience in trading.Trading fees are low. Many helpful research tools are there. |
| 3 | Tradestation | 4.6 | Best for traders who are active. Offers amazing mobile trading. The investor protection value is high.Great option to do algorithmic trading. |
| 4 | Cap Trader | 4.4 | If you want low ETF and stock fees, then this is a good option.It gives interest on cash that is uninvested.A very liked platform for short selling.Very good research tools are there. |
| 5 | tastytrade | 4.3 | Really helpful educational materials are there. The process of opening an account is very quick. A lot of research tools are available. |
| 6 | Swissquote | 4.2 | If you want the most convenient deposit/withdrawal options, then this is a great platform. Account opening is fast. |
| 7 | Zack’s Trade | 4.1 | Most user-friendly platform for people new to the trading field.The fees charged are very low. |
| 8 | Firstrade | 4.0 | The most convenient trading conditions are offered. A lot of helpful educational materials are there. Good platform if you want to do short selling. |
| 9 | Alpaca Trading | 3.9 | A great option if you want to do algorithmic trading. The trading fees taken are competitive as well. Helpful charting tools are there. |
| 10 | TradeZero | 3.8 | An amazing option for short selling. Account opening does not take much time. Customer support is really commendable. |
FAQs
What is an online broker?
An online broker is a facilitator for trading in financial instruments such as stocks, mutual funds, and bonds that gives the investor the ability to manage their portfolio and access market research from the comfort of their home or the local coffeehouse rather than having to travel to a traditional broker’s office.
How do I open a brokerage account, and why do I need it for US stock trading in India?
Indians can open a brokerage account to buy US stocks such as Apple and Amazon, enter the global market, and get access to features such as fractional investing to buy high-value shares with a small amount.
How do you choose a broker for trading US stocks?
To simplify the trading of US stocks, it is best to select brokers regulated by RB and international authorities hath have low fees, offer fractional investing, have easy-to-navigate platforms, and have access to global markets.
Is it possible to buy US stocks from India with an Indian broker?
Yes, platforms such as Interactive Brokers associated with international platforms allow clients to invest in US stocks hassle-free.
Are US stock brokers safe for Indian investors?
US brokers regulated by authorities such as the SEC and FCA are safe. Make sure that all the RBI & FEMA regulations are followed.
Are there any commissions charged for US stock trades?
For US stocks, you should expect trading fees of $0-$1, currency conversion fees, withdrawal fees, and possibly fees for maintaining your account.
How does RBI fit into US Stock trading for Indian clients?
The Reserve Bank of India (RBI) regulates outward remittances under the Liberalized Remittance Scheme (LRS), which allows for investments of $250,000 a year, which Indians can invest globally.
Is it necessary for me to pay taxes in India if I earn a profit from the sale of US stock?
The answer is yes; gains you make from US shares are taxed.
Can NRIs also trade in UScompany stockss from India?
Yes, NRIs can buy US stocks through NRE or NRO accounts through brokers who provide NRI services.
What is fractional investing, and does it exist for US Stocks?
With fractional investing, you can buy smart parts of stocks that are of high value. This gives you the ability to diversify with small investments.
Share
Previous Article
No Comments Yet