How is the forex rate and fee determined?
For transfer out of India to the brokerage account, the forex rate and fee are determined by the bank that you use to transfer the money. You can check the associated fees with your bank. For moving money between your brokerage and multi-currency accounts, we provide competitive rates on our platform.
If you want to withdraw the money from your brokerage account directly to your domestic Indian bank account, the FX rates are determined by the receiving bank in India. There is a $10 international wire transfer fee charged for international transfers, which is the lowest across any platform offering US stock investing in India. We are working on reducing this even further.