Investing in the US stock market from India is growing more popular, and the Appreciate app has emerged as a main solution for retail investors wishing to get into the market. In this review, we’ll look at the Appreciate app’s features, advantages, and cons to determine whether it’s a good fit for you.
Appreciate App
The Appreciate app offers Indian investors a straightforward and low-cost method to invest in US companies. Its simple interface, fast remittances, and no fees make it excellent for beginners. However, advanced investors may not be satisfied by the limited capabilities and slower transfer timeframes. Overall, it’s a wonderful option for beginners, but be sure you supplement its AI recommendations with your own research.
Appreciate App Features
One-Click Remittance where you can convert INR to USD within 24-48 hours.
Low-Cost Investing with no costs for subscriptions, account opening, AMC, or withdrawals, and excellent FX rates.
Invest with as little as ₹1 and no minimum investment required.
Offers AI-powered assistance to novice investors.
Regulated by SEBI, FEMA, and RBI-compliant; partnered with US broker DriveWealth for secure investing.
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Pros of Appreciate App
Registered with SEBI and FEMA: Appreciate app is SEBI-approved, which means it follows all of the rules that ensure the safety and security of your assets. You can be confident that your money is safe and carefully managed.
Minimum Investment- Just 1 INR: You can start investing with just one Indian rupee. This easy minimum investment allows anyone to start investing without spending a lot of money.
US Stocks and ETFs Now: Currently, you can invest in US stocks and ETFs through the app. They are also working to introduce Indian Fixed Deposits, Equities, and Mutual Funds in the future.
No Hidden Fees: There are no additional fees for subscribing, opening an account, withdrawing money, or AMC. This ensures you won’t have any expenses.
US Dollar Appreciation: If the value of the US dollar goes up compared to the Indian Rupee, your investment in US stocks might increase in value. For example, if the dollar rises, the value of your US stocks might go up as well.
Automated SIPs: Systematic Investment Plans (SIPs) allow you to set up automatic investments, ensuring that your money is invested on a regular basis without you having to do it manually.
Appreciate Premier: Appreciate Premier allows you to earn up to 6% interest on your cash balance. This means that you’ll earn money simply for keeping dollars in your account.
App Rating: The app has a strong 4-star rating and has been downloaded by over 500,000 people.
Cons of Appreciate App
Must Open account in US Bank: To use the app, you must first open a savings account with US Bank. This need may be troublesome if you wish to use other banks.
High Forex exchange rates: When purchasing US stocks, you must pay in US dollars, which includes international exchange costs. These rates can be expensive, with a 1% fee on the transaction amount and a minimum fee of 250 INR.
Brokerage Charges: The website doesn’t have any clear information regarding brokerage charges, after contacting customer service they said that there’s a 1 INR of platform fee per stock order.
Transaction Charges: For transactions, the app charges 0.05 INR or 5 INR, whichever is more. This means that for every transactions, the fee might be a higher.
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Conclusion
The Appreciate app is a great choice for Indian investors seeking to start investing in US stocks with minimal hassle. Its low-cost structure, SEBI registration, and no hidden fees make it enticing, particularly to beginners. While it provides quick access to US markets and automated SIPs, more experienced investors may find its features lacking.
Overall, it’s a wonderful option for beginners, but be sure you supplement its AI recommendations with your own research.
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