INDmoney vs Paasa

More Indian investors are investing abroad, whether it's ₹25,000 into a U.S. ETF or a larger amount spread across several markets. The platform you pick decides what you can buy, where your money is held, and what it costs.

INDmoney gives you U.S. stocks, ETFs, and LSE-listed UCITS ETFs through GIFT City.

Paasa goes further. You get direct access to exchanges across the U.S., UK, Switzerland, Europe, Hong Kong, Japan, and Singapore, and an account in your own name with Interactive Brokers as custodian. There is no minimum account size to get started.

This blog compares the two side by side, and shows where Paasa gives you more.

Quick Overview

• Your own account: With Paasa, your account is in your own name, with Interactive Brokers as custodian. With INDmoney, your holdings are held through its GIFT City entity.
• Wider access: INDmoney covers U.S. stocks and UCITS ETFs. Paasa covers those, plus stocks and ETFs across the UK, Europe, and Asia.
• Multi-currency: Paasa lets you hold cash and trade in GBP, EUR, CHF, HKD, and more. INDmoney works in USD only.
• Interest on idle cash: Paasa pays 3.13% on uninvested balances above $10,000. INDmoney pays nothing.

Table of Contents

• Feature Comparison
• How Your Money Is Held
• Pricing
• Infrastructure Overview
• FEMA Compliance
• Tax Reporting
• Technology Features
• Investor Fit
• Client Support

Feature Comparison

Note: INDmoney offers U.S. stocks and some UCITS ETFs. Paasa gives you access to US stocks and all UCITS ETFs, and adds direct access to other global exchanges, trading in multiple currencies, and interest on idle cash. If you plan to diversify beyond the U.S., Paasa is the right choice for you.

Paasa is also multi-currency. You can hold cash in more than one currency and trade each market in its own currency, for example a London-listed stock in GBP, a Swiss stock in CHF, or a Hong Kong stock in HKD. When you do need to convert, it costs a flat 0.03% (min $2) at the mid-market rate.

Uninvested cash in your Paasa account earns interest on balances above $10,000, so money waiting to be deployed is not sitting idle.

How Your Money Is Held

Before comparing features, it helps to know where your money actually sits. Both platforms use SEC and FINRA regulated U.S. custodians with SIPC protection. But only Paasa gives you a brokerage account in your own name, with your assets held by our custodian Interactive Brokers, a global broker serving clients in over 200 countries.

Note: With Paasa, your account is held in your own name, segregated from the broker's own assets. 

INDmoney operates as a principal Global Access Provider. It holds the relationship with the U.S. broker, and your U.S. holdings are recorded in books and ledgers maintained in GIFT City. With Paasa, the account is in your name, and Interactive Brokers holds your assets as custodian.

Pricing

Infrastructure Overview

Note: Because Paasa is built on Interactive Brokers, one account gives you access to exchanges across the U.S., Europe, and Asia, not just the U.S.

FEMA Compliance

Note: FEMA compliance is critical when sending money abroad under LRS. Many Indian investors unknowingly use incorrect purpose codes during remittance which can lead to reporting issues, delays, or tax scrutiny later.

Tax Reporting

Technology Features

Investor Fit

Client Support

Conclusion

Both INDmoney and Paasa let Indian investors invest abroad. But they are not equal.

INDmoney works if all you need is U.S. stocks and a limited selection of UCITS ETFs. 

Paasa works for investors at any stage who want access to multiple markets (US, UK, Switzerland, Europe, Hong Kong, Japan, Singapore and more), an account in their own name, the flexibility to hold and trade in multiple currencies, and interest on idle cash.

If you want more markets, your own account, and lower costs on everyday trades, Paasa is the better choice. Open a free Paasa account to get started.

About Paasa

Paasa is a global investing platform built for Indian investors, from first-time global investors to HNIs and family offices, helping them invest across the US, UK, Switzerland, Europe, Hong Kong, Japan, Singapore and more with tools that simplify LRS, remittance, tax reporting, and cross-border complexity.