Hey there! Have you heard about the Appreciate app?. It is a program that allows you to buy shares in American companies such as Amazon, Apple among others. Pretty cool, right? But wait—before jumping into it, one big question pops up: Is the Appreciate app legal in India? you don’t have to worry, I am here to make it easier than ever for you to understand all of these concepts.
What Is the Appreciate App?
Firstly, it will be helpful to say a few words about exactly what this application does. Appreciate app lets you buy stocks in actual Bigger Companies in the U.S markets that are in India. The minimum amount required for one to begin investing on this platform is one Indian Rupee!
It even provides other added up services such as SIPs (Systematic Investment Plans) and special accounts where you get repayments on the money deposited with them. Sounds amazing, right? However is it all okay according to Indian rules? Let’s find out.
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Is It Safe and Legal?
The good news is—Yes!, The Appreciate app is legal in India. Here’s why:
SEBI Registration:
The app is available and is registered with the Securities and Exchange Board of India( SEBI). SEBI is beneficial for investors because they all turn into heroes protecting India, ensuring that apps and all companies are behaving properly and your money is safe.
The good thing is that Appreciate is registered by SEBI hence they have been assessed to conduct their business locally.
Partnership with a U.S. Broker:
The app has chosen DriveWealth, a U.S. broker, as its partner. Why is this important? Because if you’re investing in U.S. stocks, the app has to have a reliable U.S. broker to manage your stocks for you.
DriveWealth is a famous firm that was founded in 2012, and it has users in tens of millions around the world. Which means you it is very safe to invest your money because they use the right people to manage your investments.
Regulated by Indian and U.S. Laws:
When you use the app, it follows both Indian rules (through SEBI) and U.S. rules (through DriveWealth). This double-layer of regulation makes it even safer.
Why does Legality Matter to You?
However, you may be asking yourself ‘What is wrong with it if the app is legal?’ Well, legality ensures that your money is not a moving cash that will disappear from the face. When something is not alright, you are allowed to vocally complains, and the authorities will be of assistance.
They say you’re walking on thin ice when using unregistered or banned apps – the ice can crack at any time and you’re left empty-handed. Thus, make sure the app you selected is SEBI registered before you start investing in it. Appreciate passes this test!
What makes Appreciate App Special?
Let’s quickly look at some cool features of the app:
Invest in Dollars:
Your investments are in U.S. dollars, so you get double benefits that is determined by the increase in your stocks and the depreciation of the dollar against rupee.
No Extra Fees:
No membership fees, no yearly dues, and no service charges when they withdraw their money. This investment is free and you can start and stop anytime!
Start Small:
You are not really required to have a lot of capital to get started. Similarly to selling stakes, well, with Rs. 1, you will finally become the owner of a certain part of your favourite American firm. Isn’t that awesome?
Future Plans:
They have intention to include stocks of India, mutual funds, insurance and even loan soon. This means it will no longer be just about U.S. stocks – it is going to be a proper financial application.
What About the Downsides?
No app is perfect, and Appreciate has its own challenges:
Currency Exchange Charges:
Because you are going to purchase stocks in America, your money (Rs. ) of India needs to be changed into American dollar ($). This conversion costs money. It’s called a currency exchange fee, and it can shave a little bit off your profit.
Dependence on DriveWealth:
Appreciate leans on DriveWealth to manage its U.S. stocks operations. Thus, if anything occurs to DriveWealth, your investments will be in trouble. But do not confuse, DriveWealth is a consolidated company with enough capital to do the investments.
Limited Features Right Now:
While the app is amazing for U.S. stocks, it doesn’t yet support Indian stocks or mutual funds. You’ll have to wait for those features.
Ways to Reduce Risks by Using the Appreciate App
Here are some quick tips to make sure you have a smooth and safe experience with Appreciate:
Start Small:
It is wrong to invest all your money at once. One should use the app first for a short time before the effectiveness is determined.
Understand the Fees:
Sometimes it is important to look at what is happening in the currency exchange and how much they cost before investing large amounts of money.
Customer Support:
If you have any issues with the services, you should call their customer care department. They’re quick and helpful! Their contact details are provided in the description of the application on the app store.
How Do People Describe Appreciate?
It has been installed by more than 500k of customers and has 4 stars on app stores. As has been stated earlier, most users appreciate the simplicity of the app and that they can begin investing instantly. Customer support is also credited to be engaging with their clients. However, some users want the app to be more loaded with features and less charged with fees. In sum, beginning with this app is safe for users.
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Conclusion
Therefore, is the Appreciate app, truly legal in India? Absolutely yes! It’s registered with SEBI, secure, and presents one of the most engaging investment opportunities in the American markets. However, do not forget that this is an investment you need to be cautious for and begin with a small capital. Such apps like Appreciate make investing to be as easy and interesting as it is but remember it is your responsibility to inform appropriate usage of such applications.
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