Zerodha opens US investing beta on Kite with separate funding

Zerodha opened a public beta for US stocks and exchange-traded funds on Kite on 19 October. US broker-dealer ViewTrade and BSE’s India INX Global Access are partners. Eligible resident Indian individuals can request activation; accounts are enabled in batches.[1]

US investments require an outward remittance from a supported Indian bank account. Domestic Kite balances must first be withdrawn to the bank before funding the US account. The separate process means domestic buying power is not immediately available for international orders.[1]

The support guide permits market and limit orders, including fractional purchases in eligible instruments. US IPO applications, margin trading and securities lending are unavailable. These boundaries make the initial service a cash-funded investing proposition. A shared interface therefore does not imply access to the same order types or financing tools across domestic and international markets.[2]

Costs also extend beyond the trading commission. Zerodha lists brokerage of 0.10% on purchases and sales, with a $0.01 minimum and $10 maximum. Its guide separately gives a negotiated bank conversion markup of 0.5% to 1.2% above the RBI reference rate, plus applicable taxes and regulatory charges. For customers converting small or frequent amounts, the funding terms can matter alongside the commission cap.[2]

The beta broadens Zerodha’s distribution of overseas securities while keeping the cross-border process visible to customers. Its commercial test is how smoothly account activation, remittance, trading and withdrawal work together as access expands.[2]

Report an error or submit an update