Accounts & headline costs
Sections ↑INDmoney presents one interface for Indian securities and global investing, but the legal and economic routes are distinct. Indian stocks and derivatives use INDstocks Private Limited under SEBI registrations; U.S. and global securities use INDmoney Global (IFSC) Private Limited under IFSCA permissions and foreign carrying brokers.[8][9][3]
Account and service routes at a glance
| Account or route | Customer scope | Headline condition |
|---|---|---|
| Indian trading and demat | Resident-eligible Indian investors | INDstocks Private Limited; NSE/BSE/MCX products subject to permissions.Source 2Source 8 |
| US/global securities account | Eligible Indian clients using GIFT City route | INDmoney Global (IFSC) Private Limited; whole and fractional U.S. stocks/ETFs from $1.Source 3Source 9 |
| TradeMargin+ | Approved Indian securities account with eligible pledged holdings | Credit against 1,500+ eligible securities; pledge and cash-shortfall conditions apply.Source 7 |
| Automated US SIP | Eligible U.S. account and supported linked bank | Weekly or monthly instruction; can pause, edit or cancel before processing.Source 5Source 3 |
Opening essentials
| Measure | Value | Context |
|---|---|---|
| Indian opening / AMC | ₹0 | Trading and demat opening and ordinary maintenance under current schedule.Source 1 |
| Indian equity brokerage | 0.10% or ₹20, lower; ₹2 minimum | Per executed order; statutory and exchange charges remain.Source 1 |
| US brokerage | 0.25% per trade | Account, annual, platform, withdrawal and tax-report fees shown as zero.Source 3 |
| US entry size | $1 fractional | Eligibility and carrying-broker order rules apply.Source 3 |
The two securities routes also use different custody records. Indian holdings sit in the Indian demat system through the registered depository participant. U.S. holdings are carried through named U.S. broker-dealers such as DriveWealth or Alpaca within the IFSCA access chain.[8][3][9]
Products & platforms
Sections ↑Products and what is actually held
| Product | Published access | Important boundary |
|---|---|---|
| Indian equities and ETFs | NSE/BSE listed securities and delivery/intraday dealing | Brokerage, STT, exchange charges, stamp duty and DP charges have different triggers.Source 2Source 1 |
| Indian futures and options | Approved exchange derivatives | ₹20 brokerage per executed order; margins and expiry obligations apply.Source 1Source 2 |
| Commodities | MCX membership route where enabled | Separate product permission, margin and settlement rules.Source 8 |
| U.S. stocks and ETFs | 10,000+ advertised securities, whole or fractional | Currency, LRS, foreign-market and carrying-broker rules apply.Source 3 |
| UCITS/global ETFs | GIFT City Global Access Provider route | Fund expenses, listing market and foreign-tax treatment differ from U.S.-listed ETFs.Source 3Source 13 |
Platforms and tools
| Platform or tool | Published capability | Boundary |
|---|---|---|
| INDmoney mobile app | Indian and global account access, portfolio, orders, tax records and funding | A unified interface does not merge the underlying legal entities.Source 2Source 3 |
| INDstocks web | Indian order entry, watchlists, alerts and portfolio views | Product approval and exchange hours remain.Source 6 |
| US extended hours | Pre-market and after-hours access for eligible securities | Liquidity, spreads and order-type restrictions differ from regular hours.Source 3 |
| Limit and stop orders | Supported on documented U.S. route and Indian web tools | A trigger does not guarantee a fill at the stop or limit.Source 3Source 6 |
| Public API/copy service | No unrestricted retail API or native copy-trading service established | App automation such as SIPs is pre-authorised recurring investing, not third-party copying.Source 5Source 6 |
The same company name displayed in the app can conceal three different units: an Indian exchange order, an INR-to-USD wallet conversion and a U.S. securities order. Each unit has its own charge, settlement and protection analysis.[1][3][4]
Fees & holding costs
Sections ↑Core charges
| Charge | Published amount | Scope or trigger |
|---|---|---|
| Indian equity | 0.10% or ₹20, lower; ₹2 minimum | Per executed order.Source 1 |
| Indian F&O | ₹20 | Per executed order.Source 1 |
| Delivery DP debit | ₹18.50 + GST per unique ISIN sold | Multiple sells of the same ISIN in one session incur one DP charge under the example.Source 1 |
| Netbanking deposit | ₹10 + GST | UPI deposit shown as free.Source 1 |
| Call and trade | ₹500 + GST per order | Additional to ordinary order economics.Source 1 |
| US stocks/ETFs | 0.25% per trade | Bank FX conversion 0.5%–1.2% is separate.Source 3 |
Worked cost examples
| Example | Calculated amount | Assumptions |
|---|---|---|
| ₹10,000 Indian equity order | ₹10 brokerage | 0.10% is below ₹20; excludes statutory and exchange charges.Source 1 |
| ₹1,000 Indian equity order | ₹2 brokerage | Percentage would be ₹1, so the ₹2 minimum applies.Source 1 |
| US$1,000 U.S. stock purchase | US$2.50 brokerage plus bank FX | 0.25% brokerage; conversion can add 0.5%–1.2%.Source 3 |
| Three Indian delivery sells in three different ISINs | ₹55.50 + GST DP charges | 3 × ₹18.50; brokerage and statutory charges separate.Source 1 |
Other costs and continuing charges
| Item | Published treatment | Practical consequence |
|---|---|---|
| GST | 18% | Applies to listed service charges including brokerage, DP, netbanking, unpledge and call/trade.Source 1 |
| Unpledge under TradeMargin+ | ₹20 + GST per ISIN | Cash-shortfall charges can apply; this is collateral margin, not unrestricted borrowing.Source 7Source 1 |
| Bank FX conversion | 0.5%–1.2% | Charged by partner bank for global funding/withdrawal conversion.Source 3Source 4 |
| Fund/product expenses | Instrument specific | Mutual funds and ETFs retain underlying expenses even when platform fees are zero.Source 3Source 2 |
The zero account and withdrawal fee claims do not remove transaction economics. A global order can combine currency conversion, brokerage, market spread and fund expense; an Indian delivery sale can combine brokerage, STT, exchange charges, GST and a DP debit.[1][3]
TradeMargin+ is pledged collateral for intraday and F&O trading, marketed with no ordinary interest. It is not an unconditional cash loan. The company’s exception is an overnight shortfall in the required 50% cash/cash-equivalent margin: if non-cash collateral funds that shortfall, it quotes a delayed-payment charge of 0.05% per day, described as 18% yearly. Unpledge requests must be placed before 3pm on trading days; the ₹20 plus GST per-ISIN charge is separate.[15]
Execution & trading rules
Sections ↑Order handling and market access
| Rule or route | Published operation | Consequence |
|---|---|---|
| Indian market/limit orders | Submitted to supported exchange route | Price and execution depend on order type, exchange and liquidity.Source 6Source 2 |
| Indian F&O expiry | Open derivatives can face exchange/broker closeout or settlement obligations | Margin and expiry management are separate from headline brokerage.Source 2 |
| U.S. whole/fractional order | Executed through a foreign carrying broker | Fractional and extended-hours eligibility varies by security.Source 3 |
| TradeMargin+ order | Uses credit against pledged eligible securities | Falling collateral can require funds, unpledge or liquidation.Source 7 |
| Stop instruction | Becomes active at the specified trigger | Gaps can produce a different execution price.Source 3Source 6 |
Sessions, settlement and order timing
| Situation | Published treatment | Boundary |
|---|---|---|
| Indian exchange session | NSE/BSE/MCX market calendar | Orders outside session wait or follow after-market rules.Source 2 |
| TradeMargin+ operating window | Published 08:00–19:00 on trading days for credit/pledge processing | Market trading hours remain separate.Source 7 |
| U.S. regular market | Advertised standard hours plus extended sessions | Daylight-saving changes affect IST conversion.Source 3 |
| US SIP | Weekly or monthly scheduled instruction | Funding and security eligibility are checked at processing.Source 5 |
An app confirmation is not a guarantee of the final fill. Exchange, carrying-broker and liquidity rules still govern the executed quantity and price, especially for fractional and extended-hours orders.[3][6]
Deposits, withdrawals & transfers
Sections ↑Funding and available cash
| Route | Published process | Restriction or timing |
|---|---|---|
| Indian account UPI | Published as free | Bank and transaction limits apply.Source 1 |
| Indian netbanking | ₹10 + GST | Separate from brokerage account opening.Source 1 |
| US Stocks Wallet | INR transfer through integrated partner banks | Wallet typically credited within hours; currency conversion is bank-priced.Source 4Source 3 |
| LRS allocation | All foreign remittances share the annual RBI limit | US stocks are not the only use of the $250,000 financial-year limit.Source 3 |
| Dividends | Credited in USD to the global wallet after withholding | Can be reinvested or converted/withdrawn.Source 3 |
Withdrawals and transfers
| Action | Published process | What changes the timing |
|---|---|---|
| Indian securities cash | Withdraw settled, unrestricted cash to verified bank | Open orders, margin debit and settlement can reduce availability.Source 8 |
| US wallet withdrawal | One-tap conversion and transfer to linked Indian bank; platform transfer fee shown as zero | Bank FX rate, settlement and compliance processing remain.Source 3Source 4 |
| TradeMargin+ collateral | Unpledge eligible securities before unrestricted transfer where required | ₹20 + GST per ISIN unpledge charge.Source 7 |
| Securities transfer | Use demat or global carrying-broker procedures | Fractional/global positions may not transfer in kind through every route.Source 9Source 3 |
The GIFT City wallet is not the same as unrestricted INR in a bank account. A U.S. sale must settle, cash must be converted and compliance/bank processing must complete before INR reaches the linked account.[3][4]
The current US-wallet guide names six direct partner banks: HDFC, ICICI, IDFC FIRST, Kotak Mahindra, Axis and Federal. It estimates 1–2 working days for a USD withdrawal converted into INR and credited to the linked Indian savings account. INDmoney states no platform withdrawal fee or minimum; this does not remove the bank’s FX conversion economics or pending securities settlement.[16]
Protection & regulation
Sections ↑Legal entity and authority evidence
| Measure | Value | Context |
|---|---|---|
| Indian broker | INDstocks Private Limited (formerly INDmoney Private Limited) | SEBI stock-broker INZ000305337 and DP IN-DP-690-2022.Source 8Source 11 |
| Global broker-dealer | INDmoney Global (IFSC) Private Limited | IFSCA broker-dealer IFSC/BD/2023-24/0016; DP IFSC/DP/2023-24/010.Source 9Source 3 |
| Global Access Provider | IFSCA/GAP/BD/2025-26/002 | Permission to facilitate access to foreign markets; not itself SIPC insurance.Source 3Source 13 |
| Technology/group company | INDmoney Tech Private Limited | Platform/group entity; not interchangeable with the licensed broker companies.Source 9Source 8 |
Protection depends on the asset and account
| Arrangement | Relevant scope | What it does not cover |
|---|---|---|
| Indian demat securities | Held through registered depository-participant structure | Market loss and issuer default are not insured.Source 8Source 11 |
| U.S. carrying brokers | INDmoney names DriveWealth and Alpaca, both U.S. broker-dealers | The actual carrying relationship and account records determine protection.Source 3 |
| SIPC | Up to US$500,000 including a US$250,000 cash sublimit for eligible missing property at a failed member | Does not cover market loss, currency movement or every wallet/bank balance.Source 3Source 14 |
| GIFT City wallet | IFSCA-regulated payment/access chain | Regulation does not create a guaranteed INR or USD balance value.Source 3Source 12 |
The advertised US$500,000 SIPC amount must be attached to the U.S. member-broker failure scenario. It is not a combined insurance limit for INDmoney, the GIFT wallet, the Indian demat account and all partner-bank cash.[3][14]
Opening an account & support
Sections ↑Application and account administration
| Stage | Published requirement | Operational detail |
|---|---|---|
| Indian account | Mobile/PAN KYC, bank and demat setup | Approval and exchange/depository verification apply.Source 2Source 8 |
| US/global account | Digital KYC under GIFT City route | Separate agreements and tax declarations apply.Source 3Source 9 |
| Product permissions | F&O, MTF and global features require separate eligibility | Account opening does not grant every segment.Source 2Source 7 |
| Security/device change | Use official lost-device and support routes | Re-verification can delay access.Source 8 |
Verified service routes
When the platform or device is unavailable
| Situation | Published route | Limitation |
|---|---|---|
| App unavailable | Use verified telephone/email support | No public emergency manual-dealing guarantee established.Source 8 |
| Indian call-and-trade | Published ₹500 + GST additional charge | Availability and price cannot be guaranteed during disruption.Source 1 |
| U.S. order status uncertain | Check order history and carrying-broker status before repeating | Closing the app does not cancel an accepted order.Source 3 |
| Lost device | Use official support route and re-secure account | Security controls can delay access and withdrawals.Source 8 |
For the global-access US-stock route, formal complaints start at [email protected]: accepted cases are acknowledged within three working days; rejected submissions receive reasons within five. After six working days, unresolved or unsatisfactory cases can escalate to [email protected]. The stated resolution period is 15 days from acceptance, extending to 30 exceptionally. An appeal to [email protected] must be made within 21 days of the CRO decision, with a 30-day appeal-resolution period. These are IFSC/global-access channels; the Indian broker’s grievance route is separate.[17]
Additional services
Sections ↑Additional services and account controls
| Service | Published scope | Control or cost |
|---|---|---|
| TradeMargin+ | Credit against pledged eligible Indian securities | Collateral risk, cash-shortfall and unpledge charges apply.Source 7 |
| US stock SIP | Weekly/monthly automated investment | Requires supported bank/funding and can be paused or cancelled.Source 5 |
| Tax Centre | Capital-gain, dividend and foreign-asset reports | Assists filing but does not replace personal tax advice.Source 3 |
| Portfolio analytics | INR/USD return, P&L and dividend views | Analytics do not determine tax liability or future performance.Source 3 |
Records, currency and technical access
| Account feature | Published outcome | Boundary |
|---|---|---|
| Statements and tax exports | Indian and global transaction/tax reports available digitally | Retain contract notes, demat statements and foreign-asset records.Source 3Source 8 |
| Order counts/validity | Ticket and market determine validity; no one universal count established | Review open orders by entity and market.Source 6Source 3 |
| Device persistence | Accepted exchange/carrying-broker orders continue independently of the phone | Verify before duplicate submission.Source 6Source 3 |
| Security recovery / withdrawal hold | Lost-device route and KYC controls are documented | No universal fixed hold applies to every Indian/global withdrawal.Source 8Source 4 |
| Currency handling | Bank FX 0.5%–1.2% plus INR/USD market movement | Separate from 0.25% US brokerage.Source 3 |
| API / AI authority | No public unrestricted retail trading API or autonomous AI dealing authority established | Automated SIPs execute only the customer’s configured instruction.Source 5Source 6 |
Company background & evidence
Sections ↑Company identity and evidence
| Item | Current evidence | Interpretation |
|---|---|---|
| Brand architecture | INDmoney interface spans multiple group entities | Read each product’s legal footer and agreement.Source 9 |
| Indian entity name change | INDstocks Private Limited, formerly INDmoney Private Limited | The change does not transfer global accounts into the SEBI broker.Source 8Source 9 |
| GIFT City route | INDmoney Global (IFSC) Private Limited | Separate IFSCA permissions and foreign carrying brokers.Source 3Source 13 |
| Evidence boundary | Public prices and licences checked 15 October 2026 | No funded account or regulator portal transaction test performed.Source 1Source 3 |
INDmoney’s breadth is useful only when the service chain remains visible. The Indian stock broker, GIFT City broker-dealer, payment/wallet process and U.S. carrying broker each perform a different function and expose the investor to different costs and safeguards.[9][3][8]
- Headquarters
- Gurugram, India
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
INDstocks Private Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Exchange Board of IndiaINZ000305337 | Registered | Checked 15 Oct 2026SEBI stock-broker registration; depository participant IN-DP-690-2022 is separately disclosed.Source 8Source 11 |
INDmoney Global (IFSC) Private Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| International Financial Services Centres AuthorityIFSC/BD/2023-24/0016 | Registered | Checked 15 Oct 2026Broker-dealer registration; Global Access Provider authorisation IFSCA/GAP/BD/2025-26/002 is separate.Source 3Source 9 |
Additional Information
Sections ↑Sources & further reading
- Indian stocks brokerage, DP, funding and service charges INDmoney · Accessed 15 Oct 2026
- Indian stocks, ETFs, F&O and demat service overview INDmoney · Accessed 15 Oct 2026
- US stocks and global ETF account, pricing and IFSCA disclosures INDmoney · Accessed 15 Oct 2026
- US Stocks Wallet funding and bank-conversion process INDmoney · Accessed 15 Oct 2026
- Automated US-stock SIP conditions INDmoney · Accessed 15 Oct 2026
- INDstocks web trading platform and order tools INDmoney · Accessed 15 Oct 2026
- TradeMargin+ pledge and credit conditions INDmoney · Accessed 15 Oct 2026
- Customer-service channels and legal registrations INDmoney · Accessed 15 Oct 2026
- Group entities and terms of service INDmoney · Accessed 15 Oct 2026
- Grievance redressal policy and escalation INDmoney · Accessed 15 Oct 2026
- SEBI intermediary record for INDstocks Private Limited Securities and Exchange Board of India · Accessed 15 Oct 2026
- IFSCA broker-dealer and Global Access Provider framework International Financial Services Centres Authority · Accessed 15 Oct 2026
- INDmoney Global Access Provider authorisation disclosure INDmoney · 5 Jun 2026 · Accessed 15 Oct 2026
- SIPC protection limits and exclusions Securities Investor Protection Corporation · Accessed 15 Oct 2026
- TradeMargin+ collateral, cash-shortfall charge and unpledge cut-off INDmoney · Accessed 15 Oct 2026
- Current US-wallet partner banks and withdrawal timing INDmoney · Accessed 15 Oct 2026
- Global-access US stocks formal complaint escalation INDmoney · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.