Why is Zerodha taking so long to offer US investing?

Hi, Any chance, the rollout of US securities we be sometime in January (interim solution) at least?

I saw this reply in a different thread -

Also, just got to know that my bank had started Outward Forex Remittance via Net Banking -

I wanted to ask, are there some specific banks that still remain (in terms of supporting outward forex remittance via Net Banking systems), for which Zerodha is waiting?

No, may take couple more months.

Whenever you take out this feature please make sure that it doesn’t alter current user interface of kite and console and also don’t add unnecessory noise to current workings.

Thank you for replying. Can I earnestly request that at least a plain vanilla platform is made available at the earliest. Bells, whistles, seamless remittance part can be added later. A lot of your clients have been eagerly awaiting all thro’ 2020. Cheers!

Still more months? :expressionless:
Come on man :sailboat:

I would like this as well.

@nithin bhai when is the planning now to bring the international stocks platform. Atleast say when is the target to launch in zerodha in terms of which month in 2021. We have vested , stockal options but we want to keep in zerodha platform. Thanks

No ETA as of now, will take more time.

@nithin I understand the integration is taking sometime. A lot of us are very familiar with the environment in kite. Would it be possible to integrate the NYSE and NASDAQ charts in kite. We can use kite as our charting platform and use IB or others as our brokers for order placement in the mean time. If it does not make business sense we would be happy to pay for the charting service till we get the brokerage integrated. Thanks.

@siva-reddy @nithin Any dates on this one, waiting eagerly since long time. This is really testing patience now. :slight_smile:

We are still in the process of finding a fix for remittances, with out a fix, offering US markets won’t make much sense to most of our clients.

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But still there should be some target date correct. Also can’t initial version be released without low or optimized remit options and use current available framework so that those who want them to it, they can.
Optimization can be done even once launched.

No, remittance bit determine the kind of broker, clearing firm we have to choose, once we get solution it won’t take much time to integrate with US brokers.

When zerodha will launch this??? 2021 2nd month half over any ETA??

Still figuring out the remittance part, so can’t give any ETA.

So I have been using this Forex card for my international spending and it has 0% markup or any charges,
The name of the startup is NiYo card. They provide Visa stated exchange rates at the date of the transaction with no markup.

They have partnered with DCB Bank. I am not sure as to the paperwork/ forms needed to send money for investments abroad, but still posting here if it in case it helps zerodha to solve the remittance problem.
:smiley:

@siva-reddy @nithin

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Thanks, will pass this info to our team.

IDFC is offering foreign remittance for the month of March at just Rs.1.

Maybe you can form some exclusive partnership with IDFC first bank for remittance, which is also your 3-in-1 account provider/partner.

Do we need to do any setting to see these? I tried looking for a few US stocks but it did not turn up in the search results