Vested Finance Review 2023: Is Safe Or Scam For Investing?

Vested Finance Review 2023: Is Safe Or Scam For Investing?

Table of Contents

Vested Finance is a US-based online investment platform offering Indian investors to invest in global Stocks conveniently. Being a new market player, many people are unaware of this platform, what it is and what services it offers. So, to help them out, here’s a detailed Vested Finance Review 2023.

The platform has successfully managed to maintain a good position in the competitive environment for 4 years. The platform primarily focuses on Indian investors, letting them invest in stocks with zero commission.

It is worth noting that Vested Finance allows investors to invest in different financial instruments, such as vests, Stocks/ETFs and Trends. Beyond that, it offers other exciting services such as learning resources and good customer support

Through this research-backed Vested Finance review 2023, take a deeper overlook at the platform based on its fees, regulatory compliance, product offerings and account offerings.

Vested Finance Review 2023: Quick Overview

Official Website https://vested.co.in/ 
Headquarters and its AddressCalifornia, USA222 N Sepulveda Blvd 10 124, El Segundo, CA 90245
Physical OfficesUSA, Mumbai, Maharashtra, Bangalore, Karnataka
Account Currency USD
Establishment Year 2018
Tradable Instruments Stocks/ETFs, Trends, Vested 
Additional Services Customer Support, Learning Sources
Minimum Balance N/A
Minimum Investment$1 
Supported Countries50+
Withdraw Time Instant

What Is Vested Finance?

Vested Finance is a new-age investing platform allowing people to make investments in US Stocks and ETFs from India. The platform was developed with the aim of encouraging Indian investors to take advantage of the US equity market.

The investing platform operates under Vested Finance Inc., an investment adviser registered with the Securities and Exchange Commission (SEC).

Is Vested Finance A Scam?

No, Vested Finance is not a scam; but a fully-regulated investing platform and controlled by the RBI’s Liberalized Remittance Scheme (LRS), a set of policies that follows proper RBI rules and regulations.

Additionally, the platform is authorized and regulated by the Securities and Exchange Commission (SEC). Considering all these points mentioned above, we can conclude it to be a legit platform.

Vested Finance Review 2023: Top Features

The key features of Vested that make it stand out from other platforms are mentioned below:- 

  • No need to maintain a minimum balance
  • Quick Account Opening Process
  • No restrictions on minimum withdrawal
  • Fractional share investing 
  • Start investing with zero commissions and invest in US stock

Vested Finance Review 2023: Available Investing Instruments

The platform currently allows clients to invest in three major instruments, including:

Vests

Vests refer to the curated portfolios comprised of Stocks and ETFs. These theme-based investments include features like

  • Zero Commission Investing – Make an investment in US instruments with zero brokerage fees
  • Fractional Share Investing – Investors can invest in stocks as low as 1 US Dollar 
  • Partnership with top brokerage firms – The platform is partnered with top brokerage firms such as 5Paisa, Axis Securities, etc. 

Stocks/ETFs 

Vested has more than 1000 US stocks/ETFs allowing Indian residents to invest with benefits like:

  • Curated diversified portfolios to cover the risk
  • Properly optimized with research allocation 
  • Dynamic rebalancing 

Trends

The investing platform allows you to invest in trends of global companies, including

  • TSLA
  • AMZN
  • AAPL
  • MSFT
  • GOOGL

Vested Finance Review: Fees & Pricing

The platform offers a basic & premium plan to their clients. You can choose a plan which suits you the best and your needs. Additionally, there are deposit and withdrawal fees apply.

Let’s quickly look at Vested pricing plans, along with their withdrawal, and deposit fees, in the table mentioned below:- 

Basic Premium 
Investing Amount ₹0₹4500/year
Transaction Fee0%0%
Accessible to all eligible stocks & ETFs Yes Yes
Fund Transfers
Deposit feestd. bank chargesstd. bank charges
Withdrawal fee$5 /withdrawal$5 /withdrawal
Free withdrawals02 per year
VESTS: Pre-built portfolios by Vested
Vest portfolio purchase fee0.5% of investment amount (max: $3)Free
No. of Vests Accessible710
Alphascreener: Track, Screen, Backtest
AlphaScreener PlusNot Available Included
OTC SECURITIES
Invest in OTC SecuritiesNot Available Included
Premium Support
Access to Premium SupportNot Available Included

Is Vested Finance Safe? 

Yes, Vested Finance is absolutely safe. The Investment Advisor company uses 256-bit encryption and Secure Sockets Layer (SSL) technology to protect investors’ personal information. The platform has features such as automatic logouts, state-of-the-art log-in methods, and an ID verification process that protects from unauthorized access.

Vested Finance Review 2023: Pros & Cons 

Pros Cons
The platform offers unique features such as trend analysis and thematic portfolios. Trading instruments such as cryptocurrencies, commodities, and bonds are not available at Vested Finance
Indians can invest in US stocks with zero commission. No availability of platforms such as MetaTrader4 and MetaTrader5
Minimum Withdrawal and Deposit fees
It has a transparent commission structure,
Easy to create an account within a few minutes 
SEC Registered and follows the guidelines of RBI LRS 
Traders can sell and withdraw funds anytime
Facility to buy stocks in fractions 

How To Create An Account On Vested Finance?

The account creation process is completely paperless and can be completed in just a few minutes. Here is the summarised guide to creating an account on Vested Finance.

  1. Visit the official website i.e. https://vested.co.in/.
  2. Click on the “Start Investing” icon.
  3. On the next page, choose one of your existing Email, Google, Facebook, or Apple accounts to sign up.
  4. Once you have completed the process, you will be given two options – Explore the Platform and Complete KYC. To create an account and start investing, you should complete the KYC first. So click on the Complete KYC button.
  5. Fill in all the details and provide identity proof and address proof. You will also have to provide your PAN number and a scanned copy of your PAN card.
  6. After that, you must upload your photo in the prescribed format.
  7. After completing all the KYC processes, you can access your Vested Finance Account.

The complete procedure will only take a maximum of 5 minutes. Just make sure to keep your details and documents like PAN Card, utility bill, Aadhar card, bank, mobile phone bill or credit card statement ready.

Also Read: Delta Exchange Review 2023

Why Is Vested The Best Platform For Indian Traders? 

There are many reasons that make Vested Finance to be one of the best investing platforms for Indians. Through this detailed Vested Finance Review 2023, let’s take a look at these reasons:

  • No minimum balance requirement
  • Zero commissions. 
  • Quick and hassle-free account opening process. 

Vested Finance Review 2023: Learning Resources 

Vested Finance offers a wide range of learning resources to investors who are willing to learn about the financial markets, investment options and exchange securities. Here’s a list of available learning materials, including:

  • Blogs
  • FAQs 
  • Video Tutorials
  • Podcast

Vested Finance Review 2023: Customer Support 

The customer support system of Vested Finance is appreciable, with a dedicated team ready to serve customers 24×5. The team responds to queries quickly and comes up with an accurate answers.

Here’s how you can contact Vested Finance customer support:

Drop an Email at: [email protected]

You can contact Vested Toll-Free Number 91 95 1337 5607 from Mon to Fri between 10 am to 7 pm IST)

You can also drop a message by providing information such as name, email address, and phone no. and type a message about whatever you want to convey to Vested Finance. 

Vested Finance Reviews & User Ratings

The platform has an average reputation among its users, with a rating of 2.1/5 on Trustpilot. The low rating of its users indicates the platform may have a few flaws that should be improved.

Which Is Better: INDmoney or Vested?

Vested Finance Vs INDmoney, are both personal finance apps that allow users to track their spending, set budgets and save money. It is worth mentioning that these two apps have some differences that you need to consider before choosing one of them.

Vested Finance offers a wider range of features than INDmoney, including the ability to track investments and create a personalized financial plan. INDmoney, on the other hand, is more focused on helping users save money and track their spending.

Another difference is that Vested Finance is a paid app, whereas INDmoney is free.

Comparison Between Vested Finance vs Upstox: Which One Is Better?

Vested Finance Upstox
Registered SECSEBI
BasedUS-Based Indian Based 
Established Year20182009
Trading InstrumentsVests, Stock/ETFs, TrendsEquity, F&O, Currency and Commodities, Mutual Funds
Commission Zero commissionsZero commissions on mutual funds & IPO While the platform charge 20% per order on Equity, F&O, Commodity and Currency
Ratings 3.1 out of 5 3.9 out of 5
Platform Supported Vested Mobile app, Web PlatformDesktop and Web 

Comparison Between Vested VS Stockal 

Vested Finance Stockal
Charges & Fees on PlansBasic – 0 per year, Premium ₹4,500Global – 0 per year, Global Plus Plan 9,999 per year. 
Established Year20182016
Motto Vested Finance allows Indians to invest in the US stock marketStockal allows making investments and savings internationally. 
Products Stocks/ETFs, Vests and TrendsStocks/ETFs, Stacks, Funds and Cash Management
USP Create an account with just a few minutesSimple, Secure, Smart 
Total Funding Amount $ 16.4 Million $ 14.8 M
Investors 21 21

Conclusion

Through this in-depth analysis of Vested Finance Review 2023, we can conclude it to be a secure investment platform, protected with automated log-outs and a two-factor authentication process.

Vested Finance offers various learning resources, such as FAQs, blog which help traders in the whole process of exchanging securities.

Still, the platform lacks at some points, including round-the-clock customer support and limited product offerings. However, you can move to a much better recommendation – InvestBy. The platform has over 250+ instruments for trading and investing in, with 24×7 customer support and the tighest spreads in the industry.

FAQ 

Is Vested An Indian Company? 

No, Vested is not an Indian company. It is a US FinTech company that allows Indian investors to invest in US stocks or ETFs quickly and without any hassle. Also, Indian citizens can open an account on Vested Finance within a few minutes.

What Is The Minimum Investment For Vested? 

The minimum investment for Vested is just 1 US Dollar. Also, you can create an account within a few minutes. 

How Do I Invest In Vested?

It’s quite easy to make an investment with Vested by opening an account on the platform.  Investors can also invest at Vested with less than one share. Follow the three simple steps if you want to invest with Vested:- 

  • Create an account
  • Fund your account, which means depositing some amount of money into your account
  • Start Investing right away – just after opening the account 

Who Is The Founder Of Vested Finance?

Vikram Shah is the founder of Vested finance company, and he is also the Co-founder and CEO of Vested Finance Inc. 

What Are Vested Finance Charges?

The charges of Vested Finance may vary from plan to plan and the bank account you are using. There is a fixed cost between INR 500 – 1500 per fund transfer. 

Is Vested Legal In India?

Yes, Vested is legal in India. The fintech company follows the proper guidelines of  RBI’s Liberalized Remittance Scheme (LRS) and is registered with the Securities Exchange Commission. 

How To Invest With Vested?

It’s quite easy to make an investment with Vested by opening an account on the platform.  Investors can also invest at Vested with less than one share. Follow the three simple steps if you want to invest with Vested:- 

  • Create an account
  • Fund your account, which means depositing some amount of money into your account
  • Start Investing right away – just after opening the account 

What If Vested Shut Down?

Client’s assets are kept secure with a 3rd party custodian and the Vested Finance platform doesn’t even have any connection with money as the platform doesn’t hold money. If, in the worst case, Vested Finance shuts down, the clients can access their account, cash and securities via DriveWealth, a prominent platform for investing where traders can continue their journey of buying or selling securities. On top of that, if DriveWeath and Vested finance both will shut down, your securities are insured by SIPC (Securities Investor Protection Corporation), which offers up to $500,000 ($250,000 in cash) to vested users who have an account on Vested Finance. 

Can Vested Be Trusted?

Yes, Vested Finance is a trustworthy exchange platform because it is registered under US SEC and follows the proper rules and regulations of the US government. On top of that, it follows the LRS proper guidelines in order to serve the best exchange services to its customers.

How Do I Withdraw Money From A Vested Account?

Vested Finance has a seamless investing process, from opening an account to withdrawing funds. Withdrawing funds from a Vested account is not as easy as it looks. You have to follow some steps for withdrawals:- 

  • You must have the Vested application on your smartphone
  • Various options will be shown on your display screen – open an account, add funds, start investing, track your portfolio, get detailed taxed reports, or withdraw funds. 
  • Click on Withdraw Funds Option
  • After clicking on Withdraw, a dashboard will be displayed on your screen, showing all the information, like how much money you have in your wallet. 
  • There are two options add funds and withdraw funds. Click on withdraw funds.
  • Enter the amount and how much money you want to withdraw. It must be noted that drive Wealth will charge $11 as a withdrawal fee per transaction. 
  • Click on Next’’which is highlighted with a green tab button. 
  • Moving forward, the Withdrawal details page will open. After going through it once, click on the Continue button.
  • Enter the verification code that will be sent to your Gmail account
  • Your withdrawal request has been initiated 

What Is The Withdrawal Fee In Vested Finance?

If you want to withdraw funds from a Vested Account, then Drive Wealth will charge $11 per transaction as a withdrawal fee. 

Is Vested SBM Safe?

Yes, vested is SBM (State Bank of Mauritius), allowing Indian residents to invest in US stock. Through SBM, the user can send money abroad at a low cost.

How Do You Deposit Vested?

If you want to load the USD on your Vested brokerage account, initially, you have to request a USD deposit through the Vested Finance app. SBM requires a bank statement for 12 months of your existing bank account in case you are depositing the USD amount for the first time. 

Is Vested Account Free?

Vested offers two types of accounts: Basic and Premium. Basic is a free plan, while the premium plan charges 4,500 per year. Other fees like withdrawal and funds transfer may vary from plan to plan 

Is Vested Balance Taxed?

Vested balance charge taxes on the basis of taxation events, which is categorised into two types:- 

  • Taxes on investment Gains
  • Taxes on Dividends 

Taxes on investment Gains

The taxes will be levied in India under the investment Gains events but not in the US. 

Taxes on Investment Gains will depend on how long you hold the investment. For example, you hold the investment for 24 months as it comes under the long-term capital gain, and the tax rate is 20% for this, along with the indexation benefit. For short-term capital gains (below 24 months), the taxes will be charged according to the income earned. 

Taxes on dividends 

The US will charge a flat rate of 25% on taxes on dividends. It relies on the Double Taxation Avoidance Agreement (DTAA) that will be applicable to dividends which will provide benefits to both countries US and India. When taxpayers have already paid 25% tax in the US as it allows them to offset the already paid tax.

Is Vested Registered With SEBI?

Vested Finance is US based company, so it is registered with the Securities Exchange Commission (SEC) but not with the Securities Exchange Board of India. 

What Is Vested Finance?

Vested Finance is a US-based investing platform that allows Indian residents to invest in US stocks by opening an account online.

Is Vested Finance Tied Up With SBM Bank For Forex Transfers?

Yes, Vested Finance is tied up with SBM State Bank of Mauritius in order to facilitate the forex transfers.  It is a platform that allows Indians to invest in US stocks. Vested users are eligible to create an account with SBM Bank and transfer money to foreign countries at low costs. 

Is Vested Finance A Legitimate Investing Platform For US Markets?

Yes, Vested Finance is a legalised investing platform for the US market also. The Fintech company takes action according to the guidelines of the RBI Liberalised Remittance Scheme. In this scheme, Indian citizens are entitled to send up to USD $250,000 annually to foreign countries. It provides several benefits to Indian residents; such can go abroad to study, travel as well, and make investments in other countries. 

What Is The Potential Earning Power Of Vested Finance?

The potential earning power of vested finance depends on factors such as which stock you are investing in and how much amount of money you are investing. You will get returns or interests on the basis of the type of trading instruments, money and what are the market live rates of that instrument at that certain point of time.

Is Vested Finance Safe? What Are The Safeguards On Protecting The Stocks In My Account And The Money I Will Invest?

Yes, vested finance is completely safe. The finance company has used the safeguards such as a two-factor authentication process or automatic logouts in order to protect the stocks of the clients.

Is Vested Finance Trusted Platform To Invest From India In Nasdaq? 

Yes, Vested finance is a trustworthy platform if you are thinking of investing in NASDAQ from India. The platform is specialized in trading instruments such as ETFs/Stocks and Vests.

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