Broker comparisons
Pairwise head-to-heads between the four viable US-stock brokers for Indian residents — costs, FX, RSU support, tax docs and account safety. Each comparison drills into the dimensions that materially affect your investing outcome.
Last reviewed: July 2026 · 4-way long-form review
Editorial disclosure: Information is compiled from publicly available sources and the platforms’ own pricing pages. It is not verified by the brokers themselves. Vested.blog is the editorial publication of Rovia. We’ve aimed to keep comparisons factually neutral.
Head-to-head comparisons
Vested vs Interactive Brokers →
Fees, FX, asset universe, RSU support and audience fit.
Vested vs INDmoney →
Fees, FX, asset universe, RSU support and audience fit.
Rovia vs Vested →
Fees, FX, asset universe, RSU support and audience fit.
Interactive Brokers vs INDmoney →
Fees, FX, asset universe, RSU support and audience fit.
Rovia vs Interactive Brokers →
Fees, FX, asset universe, RSU support and audience fit.
Rovia vs INDmoney →
Fees, FX, asset universe, RSU support and audience fit.
How to choose in 60 seconds
You hold RSUs at Fidelity, E*TRADE, Schwab, or Morgan Stanley — look at Rovia first. It's the only platform with inbound ACATS from US employer brokers and lot-level INR tax tracking with vest-date SBI TT rates pre-applied.
You're deploying ₹25L+ per year in large lump sums — IBKR's near-interbank FX saves real money at scale. The $1 per-order minimum (default Fixed plan) is negligible at large trade sizes.
You invest small amounts regularly (weekly/monthly SIPs under ₹1.5L per trade) — Vested or INDmoney. IBKR's per-order minimum makes small frequent trades meaningfully more expensive.
You want Indian + US assets in one app with ITR-format tax reports — INDmoney is the only platform that bundles Indian mutual funds, US stocks, and lot-level ITR tax reports in one place.
You need options, futures, or non-US exchanges (London, Tokyo, Hong Kong) — IBKR only. No other platform on this list supports them.
Common questions
- Is Vested or INDmoney better for Indian investors?
- Both are SEBI-registered Indian platforms routing through US clearing brokers, so the architecture is similar. Vested is more focused on US-only investing; INDmoney bundles Indian and US assets with OTC stock access and lot-level ITR tax reports. The brokerage and FX costs are close (within 25 paise per USD). See the Vested vs INDmoney comparison for a full spec breakdown.
- Is Vested better than IBKR?
- Vested wins on small or frequent trades — its 0.25% commission is cheaper than IBKR's default $1 per-order minimum (Fixed plan) for any trade under $400. IBKR wins on large lump-sum deployments (lower FX markup compounds at scale) and on asset breadth (options, futures, 80+ global exchanges). Vested wins on India-friendly onboarding, tax docs, and support. See the Vested vs IBKR comparison for detail.
- Is INDmoney better than IBKR?
- For small trades and Indian-friendly tax reporting, INDmoney is easier. For large deployments above ₹25L/year, IBKR's near-interbank FX saves meaningful money. For ITR-format lot-level tax reports without manual conversion, INDmoney is ahead. See the IBKR vs INDmoney comparison.
- Which US stock broker is best for Indian residents?
- There is no single best. RSU holders with employer stock at Fidelity/E*TRADE/Schwab should look at Rovia. Large lump-sum investors should look at IBKR. Small, regular investors benefit from Vested or INDmoney. Use the decision guide above to match your situation.
- Are these platforms safe for Indian residents?
- All four route through FINRA/SIPC-member US broker-dealers, which means up to $500,000 in securities protection (including $250,000 in cash) per account. Vested clears through DriveWealth; INDmoney through DriveWealth; IBKR is a direct US broker; Rovia clears through Alpaca. SEBI registration applies to the Indian entity, not the US custody layer.
The brokers
Vested
Founded 2018SEC/FINRA-regulated US platform with India-friendly tax docs and a clean full-universe US-investing product.
INDmoney
Founded 2019SEBI-registered and IFSCA-licensed all-in-one Indian + US wealth app operating via GIFT City since August 2025.
Interactive Brokers
Founded 1978Direct US broker with the lowest FX cost and the widest asset universe — designed for serious, self-directed investors.
Rovia
Founded 2025RSU-first Indian platform with lot-level tax tooling, inbound ACATS from US employer brokers, and a flat $5 fee on outbound repatriation.