About brokers

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If you are starting to invest, an investment broker can be a great trigger to join this market.

Many beginners believe that it is better to stay with your direct investment with your bank account, but, this is not so feasible for you.

There are several factors that lead you to open an account at a brokerage and, currently, there is the ease of digital accounts that through your cell phone you can control your money.

Don’t depend on your manager to control your money, no fees, interest and additional charges on your investment.

Investment brokerages serve both buyers and sellers in the stock market. They allow their customers to start buying stocks, bonds and other securities from stock exchanges through their platform.

Learn more about how brokers work

Brokers are institutions that carry out investment transactions on behalf of a client.

You work with this person to buy and sell investments. This is what is known as a regular broker.

You may also find dealer brokers who act as an intermediary between a client and a larger broker rather than managing investments directly with a client.

Depending on the type of service they offer, this could include personalized investment advice and retirement planning help.

This is known as a full-service brokerage. On the contrary, discount services are only meant to run the deals you want to do.

Do I need a broker?

In order to make investments such as buying or selling shares, you need a brokerage firm to support you in this process.

Brokerage houses are specifically licensed to do business with stock exchanges. However, you can choose how much service and support you want.

A full service is typically an agent for a brokerage firm.

You will meet with this full service to discuss your investment objectives they can conduct research on your behalf and offer personalized advice. All this through the chat service they offer 24 hours a day

They should also keep you up to date with market trends, stock performance and tax laws.

It is important to find a brokerage that has a fiduciary duty. This means they must act with your best interests at heart and not for third party commissions.

The best investment brokers

To facilitate this process, we selected the best brokers with a customer satisfaction ranking.

  • Easynvest: The Easynvest brokerage has more than 50 years of operations in the financial market, being the leader in investments in the Direct Treasury since 2016.
  • XP Investimentos: The largest independent brokerage in Brazil, with profitability rates that have broken records year after year (which has enabled its expansion to other continents), it could not fail to be mentioned on our list!
  • Rico brokerage: Boasting the position of the second largest brokerage in Brazil, Rico has been in the market since 2011, but has more than twenty years of experience in the financial market (from its founders).
  • Toro Investimentos: According to the survey carried out by Exame, Toro Investimentos is the third best-performing brokerage firm in its recommended stock portfolio in the year to November 2018.
  • Modalmais: Modalmais belongs to Banco Modal, being its Home Broker platform. However, compared to the brokerage houses managed by large banks, their products are much more competitive and profitable.

Investing Tips

If you are just starting out investing, you might want to consider a robot advisor.

Robot advisors can offer lower minimum investment amounts, which makes it much easier for those with less assets to start investing.

Robot advisors are also fully online, making it convenient to open and access an account when you can’t get to a physical location.

If you prefer more hands-on help or human advice, a traditional financial advisor may be right for you.

You can then read the consultants’ profiles and interview them to choose who to work with in the future.

This allows you to find a good fit while the program does a lot of the hard work for you.