Ágora Investimentos: Brazilian securities, channel fees and trading controls

The ordinary account can be opened without being a Bradesco banking customer and has no minimum opening investment. Individuals, companies and minors have different documentation requirements; a minor needs a bank relationship in their own name or as co-holder and the responsible adult’s verification. Product-level minimums remain separate.[4]

Registration and investor-profile information must be refreshed within the broker’s stated 24-month interval and whenever details change. Outdated records can block new orders; dormant clients must update registration before resuming activity. These controls should be distinguished from an account-maintenance charge.[3]

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The overseas page presents Bradesco US and Bradesco Invest US as separate routes. The latter describes managed portfolios with Interactive Brokers custody. Access to those arrangements should be assessed under their own onboarding, fees and custody documents; a Brazilian Ágora account does not itself establish the foreign relationship.[17]

From 1 February 2026, desk mini-index and mini-dollar brokerage is BRL14.90 per contract; full-index brokerage is BRL49.90. Forced closure and contracts left through final settlement use desk pricing. Brokerage attracts the stated 9.65% service taxes, with B3 charges additional. Other instruments retain their own tariff rows.[7]

Conta Margem publishes interest of 4% per month, proportional to the business days used. Its page also lists daily IOF of 0.0082% for individuals and companies, plus 0.38% on each increase in financed principal. These are the broker’s published charging components, not a single all-inclusive annual rate.[8]

The September 2026 agreement separately applies a 2% late-payment penalty, 1% monthly default interest and IGP-M adjustment to overdue obligations. Position liquidation can leave a residual debt. These default charges are distinct from agreed Conta Margem interest.[2]

The July 2026 remuneration disclosure explains that distribution can generate commissions or spreads. Funds and structured products can therefore carry costs or distribution incentives beyond the account’s headline transaction fee. The product document and the transaction quotation determine the applicable amount.[18]

RLP is optional for individuals. Opting in permits Ágora to act as counterparty to eligible mini-index and mini-dollar orders and provides the stated brokerage waiver. The firm identifies the resulting conflict of interest. The service can be switched off; the waiver does not eliminate B3 charges or the separate costs associated with compulsory liquidation.[11]

Conta Pro automatically cancels unexecuted orders and seeks to close positions when collateral commitment reaches its 90% trigger. Execution prices can move beyond the trigger: it is not a guaranteed maximum loss. Remaining positions are also closed during the final 30 minutes of the relevant regular session, with desk brokerage. Conta Margem instead requires collateral of at least 140% of financed debt; the manual describes notification and a 48-hour adjustment period before forced correction.[9]

For an outage, the rules permit dealing-desk telephone orders during business hours. Email orders may be accepted only exceptionally at the broker’s discretion, with the security, side, quantity, limit and CPF stated and the sender authenticated. An email alone does not establish that an order was accepted or executed.[3]

Bank funding must match the account holder. The FAQ says Pix credits are processed on business days from 08:00 to 17:30. Withdrawal requests made after 15:00 for other banks, or 16:00 for Bradesco, are described as arriving by 11:00 the next business day. Buying power is not automatically withdrawable cash: the operational limit is not itself a loan.[4]

Closure requires zero cash and positions, no pending settlement and no distributions receivable. The September 2026 contract provides written termination with one day’s notice, without a termination charge, while existing obligations survive until settled. Bradesco-settled accounts also need banking irregularities resolved.[2]

The agreement places securities in the relevant clearing/depository arrangements, with client-specific subaccounts under the broker’s main custody accounts. The brokerage must maintain position records; this custody structure does not guarantee the issuer’s payment or an investment’s value.[2]

Activating the app token on a new device or after reinstalling requires an emailed code and facial recognition. Bank-detail changes require an electronic signature and may involve a confirmation call within 48 hours. That verification period is not stated to be a universal withdrawal hold.[4]

A CVM complaint and an MRP reimbursement claim have different functions. The legal page links the CVM complaint service and asks for the intermediary’s case reference, messages and evidence. Eligible reimbursement applications go through MRP Digital with the event details, loss amount, identity and bank-ownership evidence.[13][20]

The tax-document menu separates Ágora fixed/variable-income reports, Bradesco-group fund reports and issuer/registrar distribution statements. Financial statements, monthly custody statements and brokerage notes have their own account menus. Some documents, including share-lending income and investment-club records, come from B3 or the relevant administrator rather than one consolidated broker tax certificate.[15]

Remunerated custody allows eligible shares to be lent when demand exists. The lender’s broker charge is 40% of the agreed loan rate; the borrower’s published fee is 0.25% of the settled loan amount under the tariff’s valuation basis. Lending income is not assured. Opting out can take up to two business days before the shares are available for sale; a particular outstanding loan should be discussed with the desk. Dividends and other economic benefits remain attributed to the lender under the programme.[16]

Ágora Scan uses the investor profile to produce a personalized product list in Home Broker. This describes research and product selection, not permission to trade autonomously. The broker’s legal notice leaves allocation decisions with the client and says its investment-assistance service is neither portfolio management nor regulated investment consulting.[5][13]

Ágora describes its origins in 1993 and its present role as Bradesco’s investment house. The Brazilian brokerage is the entity identified in the September 2026 account contract. Insurance and pension distribution use Ágora Corretora de Seguros S.A.; the group association does not combine those contracts, the bank account and brokerage custody into one legal product.[21]

Headquarters

São Paulo, Brazil