American Brokers |🥇 The most complete guide in Brazil

you know which ones american brokers are they better to invest? Did you know that Brazilians are able to make investments abroad through certified international brokers? Yes, just with a simple registration and sending documents.

It is possible to find US brokers with zero rate and carry out operations with the best actions for day trade and also to buy interesting stocks on the international market. There are also certified American cryptocurrency brokerages, you can find everything in one!

Want to understand more? Check everything below and quickly create your account at the best American broker!

Step-by-step summary for investing in American brokerages:

To start investing in American brokers, just follow these simple steps:

  • Step 1: Open your eToro account
  • Step 2: Check your account
  • Step 3: Make your first deposit
  • Step 4: Start Trading on the American and International Stock Market

Open eToro account

How to open an account in an American brokerage?

The international market facilitates the entry of Brazilians into investments abroad. Therefore, there is no need to leave Brazil to create an international account at American brokerages.

In general, it is asking for basic data such as:

  • ID
  • E-mail
  • Proof of address
  • Proof of identity (Document with photo or Passport)
  • Investor Profile Information

To have an account with an American broker, you must register on the official link of that broker. Fill out the form and send the requested documentation.

List with the best American brokers

Your question should now be this: "What are the best American brokers to invest in Brazil?"

Below is a complete list of American brokers, comparing the advantages and disadvantages of each one.

eToroAvenueInteractive BrokersTD AmeritradeStakeCharles Schwab CorporationPortfolio

eToro

eToro is one of the most popular platforms in Brazil and worldwide, it is extremely easy to create an account and operate. eToro has several tools for clients to learn and copy trades from experienced investors. It is one of the best American brokers for Brazilians, because the platform is 100% in Portuguese and intuitive.

Benefits

  • Free tools for copy trading and copy portfolio
  • Various assets: shares, ETFs, cryptocurrencies, commodities and fiat currencies
  • Easy to create account
  • There is no bureaucracy
  • Can deposit with credit card
  • Security

Disadvantages

  • High spread
  • overnight rate

Open eToro account

Avenue

american brokers avenueIt is an American brokerage created especially for Brazilian clients. Avenue has zero brokerage, this plan was recently launched on the platform. DriveWealth was compared by Avenue, for this it allowed the broker to be more intuitive. Let's say Avenue is one of the largest in the US, it has more than 300 customers.

Benefits

  • Zero brokerage fee
  • Intuitive platform
  • Owns the main American stocks

Disadvantages

  • Not all ETFs
  • Investments in reais suffer from the exchange rate
  • Zero brokerage fee is not for all plans

Interactive Brokers

Interactive Brokers American BrokersIt was created in 1970 as one of the traditional brokers in the United States. Therefore, Interactive Brokers is safe for Brazilian investors, as it has credibility in the US. The brokerage serves more than 33 countries around the world.

Benefits

  • It has zero rate (consult plans)
  • Traditional in USA

Disadvantages

  • It does not have many assets, for example, the foreign exchange market
  • There is no support for Brazilians
  • Platform in English and Spanish
  • Bureaucracy to open an account (difficult)

TD Ameritrade

american brokerage zero rate ameritradeTD Ameritrade brokerage has a bureaucratic process for opening an account, including verification by email. Ameritrade is considered one of the most complete platforms in the international market, as it is safe in the USA.

Benefits

  • Zero rate for stocks
  • 24 hour support

Disadvantages

  • There are not many investment options
  • Account verification is done by email.
  • There is no support for Brazilians
  • It's hard to open an account

Stake

brokerage to operate the American marketStake is not a true US broker, but has US, Australian and UK regulations to operate. It also has a partnership with FacilitaPay. In 2019, Stake launched its app for Brazilian investors, that's why there are investors who choose Stake.

Benefits

  • Zero fee for brokerage (consult plans)
  • Support in Portuguese
  • Negotiate exchange

Disadvantages

  • Credibility: there is not much information about the company in Brazil
  • High spread

Charles Schwab Corporation

Charles Schwab Corporation - US Zero Rate BrokersCharles Schwab Corporation is one of the most popular brokerages in the US and acts as a Bank as well. You can open a Brazil account and invest in ETFs, stocks and futures. However, it is not affordable for most Brazilian investors because of the initial investment value in dollars.

Benefits

  • Does not trade cryptocurrencies
  • Has a good portfolio for variable income

Disadvantages

  • Initial investment value in US$25 thousand dollars
  • There are fees
  • Platform in English
  • It doesn't have much information about support.

Portfolio

PortfolioPassfolio is an American brokerage company present in 170 countries, mainly focused on shares on the American stock exchange, but it is possible to invest in cryptocurrencies, ETFs and REITs.

Benefits

  • Initial investment of only 1 dollar
  • considered safe
  • Has a Brazilian accountant to file income tax
  • Zero rate (see plan)

Disadvantages

  • It does not have a computer platform. It is possible to trade only by mobile, but the application is “extremely slow”.
  • We don't know who created this broker

After evaluating several US brokers, along with their pros and cons, plus fees and support, we came to the conclusion that the best US broker is eToro. To assist you in the purchase opening process, we have prepared a very complete and detailed walkthrough, see below. Rest assured that everything is very simple and fast, just follow the steps and very quickly your eToro account will be open.

Open an eToro account: step by step

  • Step 1: Go to the eToro website and click on “Get it now”.

create account in american brokerage

  • Step 2: Fill out the form with the necessary data to open your new account, such as: username, email and password.  etoro
  • Step 3: If possible read eToro's terms and conditions before accepting. This will familiarize you with the privacy policies. Then click on “create account”.
  • Step 4: Investors who have recently created the accounts are required to provide proof of residency and identity. Therefore, click on “complete profile” and fill in all the information. 

 

  • Step 5: With your account confirmed you can make a deposit to eToro without restrictions.

Open eToro account

What is W-8BEN?

W-8BEN form for American brokersThe W-8BEN is a tax document from the IRS, this certificate communicates that you do not contribute to US taxes. In this way, the broker does not need to withhold payment for its investment and profits. Without this certificate you will not be exempt from the IRS tax and tax requirements.

Sometimes, brokers do not request tax information from Brazilians, this is because some of them serve many countries and adapt to the tax policy of the country of origin. In other words, taxation is paid in the country of origin, mainly because the broker is headquartered in several countries.

Well, look for a legal, internationally certified broker with the best rates. If possible choose one zero rate broker investment!

After registering, transfer your money to an American broker and invest.

zero rate american brokerage

According to our surveys, the best zero-rated US broker is eToro. At eToro there is no broker commission for any purchase and sale in the market. It is possible to open a 100% free account. We also find zero fees for brokerage in other brokers, but only in some plans and situations. Check it out below:

  • Passfolio: zero brokerage fee, but withdrawal fees of $35,00.
  • Avenue: Zero fee for some orders only, usually $1 USD per order brokerage.
  • Interactive Brokers: zero brokerage fee, but charges $10 per month for custody. But those who have $100 invested in the brokerage do not pay custody. Check the zero brokerage plan and see if the custody value is not discounted in brokerage.
  • TD Ameritrade: zero rate for some stocks, but charges $0,65 per contract and $6,95 commission.

Pursuant to CySec/FCA regulations, the zero fee and commission plan is only applied to certain stocks available at the broker. In other words, not all American stocks have a “zero rate”.

For example, an American brokerage would be unlikely to guarantee zero rate and commission for a leveraged position. If this happens, be suspicious of the broker, as it contravenes CySec regulations. Thus, the brokerage plan and zero commissioning does not happen in leveraged trades and CFDs.

American Brokers for Brazilians

The best brokers for Brazilians are the ones we list here:

  1. eToro
  2. Avenue
  3. Interactive Brokers
  4. TD Ameritrade
  5. Stake
  6. Charles Schwab Corporation
  7. Portfolio

american brokersRemember that to open an account, check the credibility of the platform, especially if it has the SEC seal – Securities and Exchange Commission and registration with the FINRA – Financial Industry Regulatory Authority. Checking these 2 questions you will know if the american brokerage is authorized to operate in the financial market.

All of the brokers we quote accept Brazilian clients, other brokers do not accept non-US residents. Others, even on the list, bureaucratize their entry into the international market, so see the advantages and disadvantages of each broker in the US.

Consider when choosing an American broker:

  • Brokerage fee in the transaction
  • If there is an account maintenance fee
  • Brokerage commissions
  • Withdrawal or Redemption Fee
  • If you have easy registration
  • Intuitive platform in Portuguese

All these factors can make your operation in the international market viable. It is extremely advantageous to invest abroad, but with the right brokers. Especially if the currency conversion or exchange rate is good. Therefore, consider the best cost-benefit ratio to choose your American brokerage.

Brokerage to operate American market: tips

To trade in the US market and directly on the international stock exchange, open a valid account at the brokers listed.

Opening the account is sometimes an easy and lawful process. You will not do anything illegal by sending money abroad if you repatriate and declare earnings correctly.

To help you with your income tax return, see if the broker's support will help you with this relatively easy procedure or hire an experienced accountant to help you with your international investment.

zero rate american broker

Send all the necessary documents for the American broker to quickly approve your registration. When approved, deposit to start trading on the American market.

The big advantage of investing in the US stock market is to diversify and have access to international stocks that are not on the B3. Brazil's trading floor is considered small next to other international exchanges, mainly because you will have access to the best companies in the world!

Advantages of Investing in American Brokers

  • Diversify your portfolio: Investing money only in the domestic market has a direct impact on your portfolio. But, if you diversify and invest in international assets and US equities. You will be able to better handle your investment decision and positions.
  • Balance the portfolio: probably if the foreign market is on the rise, you will be able to benefit and escape from the situation of the Brazilian government and political scenario.
  • Access to Investment Funds and Indices: the American market is more structured, you will have access to internationally prestigious funds and indices.
  • Investing through American brokers guarantees autonomy for the investor. That is, you do not need the manager can buy directly through the broker for you.

Cautions when investing in American brokers

Before opening, search and see if the broker accepts Brazilians or foreigners who do not live in the United States. We do not recommend that you open an account with US brokers that do not accept residents, in this case it is not worth opening your account.

Then see if the brokers are certified to operate in the US market. The essential required certifications are:

  1. SEC
  2. fine

If the American broker doesn't have these 2 seals, it's no use opening an account!

These important points helped you assess your choice of American brokerages. Another tip is to look for investor opinions and reviews to compare brokers.

For example, the Avenue brokerage has many complaints on the Claim Here website. The Passfolio brokerage, despite offering zero brokerage, has a very slow application and hurts investors. Consider all these factors to choose one of the best brokers for you!

FAQ

What is the best American brokerage?

There are several American brokers to make investments. Among the various options, we have identified that eToro is one of the best American brokers to invest in stocks and other assets.

Can I invest money in an American brokerage in Brazil?

Yes, it is possible to invest money in an American brokerage in Brazil. There are even several American brokers specialized in serving Brazilians, with support in Portuguese. To invest in American brokers, just create an account and activate your registration.