Stockal App: Best App to invest in US stocks from India
September 20 2022 - Team Stockal
Indians are engaging more than ever in foreign equity and debt. According to the most recent data from the RBI on outgoing transfers made under the Liberalized Remittance Scheme, also known as LRS, for Residents Individuals, outgoing transfers will be close to $ 19610.77 million in 2021–22 as opposed to $ 18760.69 million in 2019–20.
The proportion of investments in debt and equity relative to the total amount of remittances sent abroad increased from $ 431.41 million during 2019–20 to $ 746.57 million during 2021–22.
The RBI’s Liberalised Remittance Scheme enables you to convert and transfer your Rupee to US dollar limited to $250,000 is your one-stop shop for all your foreign exchange worries, whether you’re thinking about investing abroad, travelling abroad, or perhaps sending your kids to study there, the RBI’s LRS covers it.
The US stock market continues to be Indians’ go-to destination when investing abroad. You can own shares of the FAANG stocks—Facebook, Amazon, Apple, Netflix, and Google—as well as other significant US corporations like Microsoft.
How to invest in US stocks from India?
To succeed in this endeavour, having a productive broker and platform is critical. The democratization of banking by modern apps is excellent. One such app is Stockal, which focuses on investments in US markets and has a variety of options, including stacks, ETFs, funds, and cash management. The Nasdaq Composite Index, Russell 2000 Index, S&P 500 Index, and Nasdaq-100 Index are some well-known and reputable international companies included in the US stock market indices.
Those looking to diversify in foreign markets may consider taking significant exposures in the US share market. Over a prolonged duration of investing, a low correlation among two of the world’s largest economies can deliver a high risk-adjusted return. You can invest in several ETFs that target various industry sectors or top US indices, or you can purchase individual US equities like Apple, Amazon, Google, or Facebook. The two most important US stock market indices, the Nasdaq 100 and even the S&P 500 are tracked by exchange-traded funds (ETFs).
You need to open a foreign trading account and hold a US bank account overseas before you can begin investing in US equities. Stockal is the best app to invest in US stocks from India with a large number of stocks to invest in; and offers you easy-to-use tools and researched methods to invest in US stocks from India. The app makes investing in US stocks from India easier with its varied features and well-explained options such as fractional investment, cash management, and easy compliance.
What makes Stockal the best app for investing in US stock markets?
- The largest number of stocks to invest in
Stockal is the best app for the US stock market because it is a neo-brokerage that enables retail Indian investors all around the world to make cross-border savings and investments. On its platform, Stockal currently offers over 5,500 EFTSs and stocks listed on U.S. exchanges to investors from India and the Middle East. Direct stock investments, ETF purchases, and overseas portfolios created by financial professionals are all options for investors. Some of the biggest brokerage businesses, wealth management firms, fintech platforms, and robo-advisors in the Middle East and India are powered by Stockal’s worldwide investing platform. These assist thousands of investors daily in globalizing their savings and assets.
- Investing globally with new growth opportunities: Investing through ETFs trading on the US share market is one of the simplest ways for retail investors to have access to global markets. To aid in your global diversification, Stockal has put together a list of ETFs, which makes it the best app for US stock market.
- Fractional investing helps you invest in global brands or companies you like: You will be exposed to businesses, goods, concepts, and possibilities available only occasionally locally through international markets. You may consider investing in fractional stocks of companies like Apple, Amazon, Tesla, Netflix, and many others through Stockal. One of the distinctive features of the US share market is that, unlike markets in other nations, such as India, investors can still own fractions of equities. You might, for instance, hold 0.05 of Apple shares. You can own as few as 0.0001 shares of any stock with our brokerage partner DriveWealth. Simply specify how much money you want to invest, and an automatic calculation will determine how many units will be allotted to you. These units will then be added to your account. For instance, if you opt to put $100 in a stock with a market value of $27, you will receive 3.70 shares.
- Offering a curated stack of relevant stocks
Stockal is the best app for US stock market because stock and ETF baskets that are already configured are available for investment with just one click. It is created by portfolio managers, seasoned wealth management organizations, international asset management corporations, and hedge funds.
- Good Diversity: With only one click, you may diversify your holdings without doing much research.
- Managed by experts: Developed by investing professionals using in-depth study and financial analysis.
- Auto-magical: Active rebalancing to guarantee compliance with objectives and benchmarks
- Unmatched coverage of ETFs
ETFs are funds that, as their name suggests, could be openly traded in the stock market, just like stocks. This financial product was created with the diversification of mutual funds as well as the liquidity of stocks in mind; as a result, it is regarded as an asset class which provides a combination of both. Similar to shares, the price of ETFs fluctuates throughout the trading day, enabling investors to easily purchase or sell at any moment during regular trading hours. An ETF may invest in a variety of underlying assets, including securities like commodities, bonds, stocks, or a combination of all three. An ETF may have a few shares from a single sector or business or hold shares from hundreds of diverse companies.
A solid strategy for international investors to broaden their investment portfolio is by purchasing U.S. ETFs. You can engage in the American stock market this way and optimize your investment portfolio by shifting larger quantities to passively managed exchange-traded funds. As it offers you top-notch research, Stockal gives you access to a very practical and user-friendly worldwide investment vehicle that will serve as your wise companion.
EFTs are relatively economical products and a great option for investors because of their lower costs and long-term benefits. The risk of one specific underlying asset is covered by the other because there are numerous underlying assets in the ETFs, lowering risk and maximizing rewards.
The Global ETF Stack’s investment goal is to invest in Equity Index ETFs representing the US and international equity markets. The chosen ETFs have a somewhat low undervaluation, are highly liquid, and have the potential to beat equity markets over time. The ETFs must also have historically outperformed comparable Equity Index ETFs and benchmark ETFs as another selection criterion. The ETFs in this stack offer good fundamentals, including low expense ratios, substantial dividend yields, and net positive cash inflows from investors over the past year.
- Cash Management
You can put money away and make investments in a currency with a better value by using a Cash Management Account on Stockal. Consequently, when it comes time to spend money, you will not feel as tight. It is a global savings and expense account that you may access from any location at any time.
- With its broker and banking partners, register for a Cash Management account within just five minutes.
- After receiving approval, fund your account digitally utilizing Stockal’s banking partnerships in your nation.
- After that, you can access it from any location at any time via a debit card, ATM, internet, or P2P transfers.
Here are the benefits of a Stockal cash management account:
- With Stockal, you can access a cash management account that is better than a standard US savings account.
- There are zero minimums, and you can generate interest. You can spend and/or transfer money any way you like.
- When it comes to the Stockal Cash Management account, no US visa or SSN is required.
- To hedge against changes in your country’s economy, it’s wise to diversify your assets across several other currencies.
- Receive annual rates of 2–3% in US dollars, which, when converted to local currency, provide substantially better yields than your typical savings accounts.
Stockal remains a great app to invest in US stocks from India because of the following reasons:
- There is no need to purchase foreign currency at spur-of-the-moment rates. Utilize your card for money management.
- Instead of selling your domestic investment and transferring funds at the last minute, budget for costs over time.
- Manage your money more wisely during your move by setting aside funds in US dollars to prevent currency exchange shocks.
- Do you have clients abroad? Get paid straight in US dollars to avoid two-way exchange fees.
- Multiple trading platforms
Stockal is the best app to invest in US stocks from India because of its multiple trading platforms. The platforms for Stockal are sleek, straightforward, and browser-based trading interfaces. Since no software needs to be downloaded, you may use Stockal Web on any device connected to the internet, along with customization options and a number of charting tools.
- Tools and Research
Thousands of investors choose Stockal as Stockal is the best app to invest in US stocks from India to complete $40 million or more in trades each month.
- Flexibility in pricing: Set pricing up whatever you wish. Keep it at zero, impose flat costs, or base it on volume.
- Powerful in-built research: Stockal automatically provides you with an ecosystem of excellent research and recommendations that your clients can use.
- Monitoring and adherence: Bank liaisons and pre-configured as well as on reporting to help you keep on ahead with regulatory requirements.
Stockal will assist you with your marketing efforts by developing collateral, hosting webinars, improving digital campaigns, collaborating with local sales teams, and instructing your relationship managers and/or call centres. Stockal features an organized API approach and a modular, simple-to-integrate product structure. Its design allows for deep, precise customisation and can be adjusted to function according to developer specifications and your quality requirements.
Being the best app to invest in US stocks from India for all types of investors, Stockal offers a wealth of information and research available. You will notice stocks you could like if you are a casual investor (based on your patterns of investments, the amount of time you spend researching different stock types, your watchlist, etc.) The advanced stock screener that Stockal offers can be very useful if you are an experienced investor. Additionally, Stockal provides you with a variety of investment knowledge from sources like Morningstar ratings, analyst reports, company regulatory filings, breaking news, and social media.
- No account minimums
Stockal does not have account restrictions, in contrast to the majority of conventional investing platforms. Stockal does not have a minimum account balance.
- Compliance made easy
DriveWealth LLC, a supplier of brokerage and clearing services, is your securities account’s administrator and holder of your foreign investing accounts. Your account will be safe and sound with DriveWealth LLC even if Stockal fails, and you can access it and/or transfer it to a different brokerage as you see fit. Additionally, your US investment account has automatic insurance.
The Bottom Line
All these features will make your investing hassle-free and will provide all the required tools and guidance. The main Stockal account combines the features of a trading, depository, and banking account. You can trade, hold stocks in your portfolio, and invest in other unique Stockal products with this Stockal account. Along with phone and email help, Stockal also provides live chat support. So let us join the 280,000 investors who have already trusted Stockal with their investments!
- How does Stockal function to invest in US stocks from India?
You may access global markets and expand your portfolio by using Stockal. Your trading account is instantly opened with DriveWealth, the US partner for clearance and brokerage services, when you create a profile on Stockal. The approval process for your account will take 15 to 20 minutes. Following approval, you will need to finance the account by moving funds from your bank account to the brokerage account. You will be able to invest on Stockal once the money is accessible in your brokerage account.
- Are there any fees from the bank when I put money in my account?
When you add money to your account with Stockal, no fees or charges are assessed. For international external remittance, your bank may impose costs, which vary per bank. Please contact your bank or sign into your NetBanking account to view the bank costs. DriveWealth, a brokerage partner of Stockal, will deduct $5 from the initial fund transfer as a one-time tax certificate (W-8 Ben) charge when a non-US account is opened.
- How do I get my money out?
All you have to do is click “Withdraw Funds” after selecting the “Funds” icon on your site.
The amount of cash that is available for withdrawal will be displayed to you. This refers to the “cash” that is now in your account; it may either be unspent funds or proceeds from the sale of securities that you previously held. A withdrawal request can be made, and the funds will be sent to a domestic bank account. The money reaches your account in 4-5 business days. Only the default bank account that was added during the fund transfer may be used for withdrawals.
- Is there any withdrawal fee on taking my funds out?
The US bank assesses a $10 fee for withdrawals; as a result, your account must have at least $10 in cash at the time the withdrawal request is made. A second email permission is required for any request that is more than $20,000.