Groww halts investing in US stocks, asks users to withdraw or migrate by 30 June

[anuragmukherjee28]

Groww, the popular Indian financial services platform, is discontinuing its US stocks offering

What's happening:

• Groww is stopping its US stocks investment service due to "certain complications" affecting their desired customer experience.
• Existing users won't be able to buy new US stocks or add funds to their USD wallet after February 27, 2024.
• Selling of existing US stocks and withdrawals from the USD wallet will be possible until March 31, 2024, with potential extension to June 30, 2024.

Impact on people

• Existing US stock holdings can be liquidated or transferred to another broker before the deadline.
• Users looking to invest in US stocks will need to find alternative platforms.
• The reason for the discontinuation remains unclear, but could involve regulatory hurdles or technological challenges.

other brokers which you can try

1. Charles Schwab
2. Fidelity Investments
3. TD Ameritrade
4. Interactive Brokers
5. E*TRADE
6. Webull
7. Robinhood
8. Vested Finance
9. IndMoney
10. HDFC Securities

 

[financial12345]

Groww, the popular Indian financial services platform, is discontinuing its US stocks offering

What's happening:

• Groww is stopping its US stocks investment service due to "certain complications" affecting their desired customer experience.
• Existing users won't be able to buy new US stocks or add funds to their USD wallet after February 27, 2024.
• Selling of existing US stocks and withdrawals from the USD wallet will be possible until March 31, 2024, with potential extension to June 30, 2024.

Impact on people

• Existing US stock holdings can be liquidated or transferred to another broker before the deadline.
• Users looking to invest in US stocks will need to find alternative platforms.
• The reason for the discontinuation remains unclear, but could involve regulatory hurdles or technological challenges.

other brokers which you can try

1. Charles Schwab
2. Fidelity Investments
3. TD Ameritrade
4. Interactive Brokers
5. E*TRADE
6. Webull
7. Robinhood
8. Vested Finance
9. IndMoney
10. HDFC Securities

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In the given list last three only I have heard but remaining all look like new one to me and also in grow I am unable to invest in Mirae asset nye fang+ etf fof direct mutual find can anyone tell that in other account can able to invest or not