Can I do Intraday trading? Will Vested provide any margin like my Indian broker?

Can I do Intraday trading? Will Vested provide any margin like my Indian broker?

With Vested, one can open a brokerage account in the US. The account will be a cash account and not a margin account (used for taking margins and placing multiple intraday trades). 

Under the RBI regulations and LRS guidelines, speculative trading falls under prohibited items. While the regulations specifically do not mention intraday trading, the clear intent of the RBI has been to allow individuals to invest long-term via the LRS. 

In short, we would recommend not actively engaging in intraday trading using the Vested cash account. Having said that, one can buy and sell the same day to the extent of the cash/buying power available in his or her account. 
You may refer to the below-mentioned link for further details:

    • Related Articles

    • How to transfer funds from ICICI Bank to Vested?

      Step 1: Log in to the ICICI Internet Banking portal using your user ID or mobile number Figure 1 Step 2: Under the “Payments and Transfer” tab, select “Fund Transfer”. Figure 2 Step 3: Select “Overseas Transfer”. Figure 3 Step 4: Select “Send Money ...

    • Why is a particular stock unavailable for trading during Extended Hours?

      Not all securities may be available for trading during Extended Hours. The availability of a particular security may vary based on several factors, including the interest in that security during pre-market or after-hours sessions and as would be made ...

    • What are the tax implications on investing in US stocks and ETFs as an Indian resident?

      For investors in India, there are two types of taxation events when you have returns from your investments in US stocks: Taxes on investment gains: You will be taxed in India for this gain, but will not be taxed in the US. The amount of taxes you ...

    • How do I migrate my US Brokerage account from INDMoney- DriveWealth/Stockal to Vested?

      You can transfer securities from one DriveWealth to another DriveWealth account only if you're the primary account holder for both these accounts. Please note that third-party transfers are not allowed on our platform. If you already have an account ...

    • How is Vested regulated?

      Vested holds a license in the US: Vested is registered as a FINRA (Financial Industry Regulatory Authority) member and a Broker Dealer called as VF Securities, Inc: https://brokercheck.finra.org/firm/summary/315194 SEC (Securities and Exchange ...