Most definitely! Each Indian resident is allowed overseas
investments of up to $250,000 (~ ₹1.75 crores) per year
under the Liberalised Remittance Scheme (LRS), which is
governed by the Reserve Bank of India (RBI).
No. Unlike most traditional investing platforms, we have
no requirements for a minimum account balance. However, to
maximise your benefits from the effects of compounding, we
suggest that you begin with an investment of $2,000 (~₹1.4
lacs) and continue saving and investing your money as
early as possible.
We provide you access to over 4,000 Stocks, ETFs and ADRs
listed on NYSE and NASDAQ. Besides US companies like
Amazon, Apple, Netflix, Tesla and Facebook, you will also
be able to invest in European and Asian companies like
HSBC, BMW, Unilever and Toyota as these are also listed on
the US exchanges. Through the platform you can also invest
in ETFs, which provide international exposure as the
securities underlying an ETF often consist of global
Opening your Globalise account takes only a few minutes.
The approval of the account in the US by our partners may
take up to the two business days. We will notify you as
soon as your account is approved. In the meantime, you can
begin your research on stocks and ETFs in which you would
plan to invest.
You own the securities through your Globalise account and
these are held in your name with our US SEC-Registered
broker-dealer partner who manages the books and records.
The securities are held in custody with DriveWealth’s
custodians Citibank NA and Velox Clearing LLC.
We use 256- bit encryption and Secure Sockets Layer (SSL)
to ensure the security of our platform and protect your
information. We also employ state-of-the-art login
methods, automatic logouts, and ID verification to help
prevent unauthorized access.