Fast and secureUS investing for the UAE

FAQs

• How secure is this?

  On the Vested platform you can invest in either full or fractional shares. When your investment is in full shares, our broker partner (DriveWealth) will route the orders to market centers on an Agency basis. When the investment is fractional shares, our broker partner will satisfy the order from its own account, on a Principal basis, at the National Best Bid or Offer (NBBO). NBBO means that DriveWealth cannot add margin to the price. So, if the market price of 1 share of Amazon is $1000, and you purchase 0.1 share of Amazon, you will pay $100 for the 0.1 share. Any orders for both full or fractional shares will be executed via both methods, part as Agent and part as Principal.

• What happens if Vested shuts down?

  If Vested shuts down, you would still have access to all your cash and securities. Your assets are held at a 3rd party custodian, we do not ever touch or hold your money. We will ensure that direct DriveWealth access is established for you to further buy or sell securities. In the highly unlikely event that both Vested and DriveWealth both shut down, your SIPC insurance kicks in. Each brokerage account opened with Vested is insured by SIPC (Securities Investor Protection Corporation) up to $500,000, this includes $250,000 in cash. For more details, please read here.

   

   

• How can I verify ownership of the shares?

  Share ownership verification works slightly differently in the US than in India. Shares are held by a third-party custodian in the ‘street name‘ of the broker rather than the underlying investor. This is why you do not receive direct emails from the custodian regarding your holdings. As per SEC guidelines, if you want to confirm the share ownership for your Vested account, you can contact DriveWealth, our broker partner, directly at support@drivewealth.com.

  
  
  

• How does fractional investing work?

  On the Vested platform you can invest in either full or fractional shares. When your investment is in full shares, our broker partner (DriveWealth) will route the orders to market centers on an Agency basis. When the investment is fractional shares, our broker partner will satisfy the order from its own account, on a Principal basis, at the National Best Bid or Offer (NBBO). NBBO means that DriveWealth cannot add margin to the price. So, if the market price of 1 share of Amazon is $1000, and you purchase 0.1 share of Amazon, you will pay $100 for the 0.1 share. Any orders for both full or fractional shares will be executed via both methods, part as Agent and part as Principal.

• Is there a minimum amount that I need to invest?

  On the Vested platform you can trade US Stocks and ETFs starting at just $1. So, if you want to purchase a fraction of Google’s share you can place the buy order on the platform and purchase a fraction of a full Google share worth $1 or more. That means, the minimum amount that you can invest is $1.

   

   

• How will taxes work?

  For UAE residents investing in the US markets the returns on the investments come under capital gains. There is no capital gains tax applicable. In case of dividends yielding instruments, 25% of the dividends are withheld in the US.

  For non-UAE residents, the above information may differ based and we advise you to consult a tax advisor.

• Who regulates the US Stocks?

  US markets are regulated by the SEC (Securities and Exchange Commssion). The SEC is an independent federal government regulatory agency responsible for protecting investors and maintaining fair and orderly functioning of the securities markets. It was established in 1934 by Congress. The SEC promotes full public disclosure and protects investors against fraudulent and manipulative practices in the market.