Accounts and access
Sections ↑Rico is an XP retail brand with its own tariff. WDO and WIN commission changes with RLP participation and day-versus-swing classification, while margin cover, risk intervention and automation remain chargeable. A separate Global Account adds US securities commissions and currency conversion, with a small-order promotion introduced in September 2026.[5]
Account routes and price eligibility
| Route | Relevant distinction |
|---|---|
| Brazilian investing | Rico-branded brokerage through XP Investimentos CCTVMSource 4Source 5 |
| RLP mini contracts | Eligible WIN/WDO brokerage is waived with active RLPSource 4Source 5 |
| Non-RLP trading | Day and swing rates differSource 4Source 5 |
| Global Account | Separate US securities and conversion scheduleSource 4Source 5 |
Markets and contract mechanics
Sections ↑Market coverage in the tariff
| Market | Examples |
|---|---|
| Brazilian securities | Shares, ETFs, BDRs, FIIs and optionsSource 5 |
| Currency / index futures | WDO, DOL, WIN, IND and S&P contractsSource 5 |
| Other futures | Commodity, interest-rate, crypto, gold and micro-index contractsSource 5 |
| US investing | Shares, ETFs, REITs and ADRs in the Global AccountSource 5 |
WDO mini-dollar contract specification
| Feature | B3 contract rule |
|---|---|
| Underlying | BRL per US dollar commercial exchange rateSource 1 |
| Contract size | USD 10,000 of notional exposureSource 1 |
| Quote convention | BRL per USD 1,000; a quoted 5,000.0 corresponds to BRL 5.0000 per USDSource 1 |
| Minimum tick | 0.50 quotation point = R$5 per contractSource 1 |
| One quotation point | R$10 per contract; 100 points = R$1,000Source 1 |
| Trading lot | One contractSource 1 |
| Expiry | First business day of the expiry month; trading ends in the preceding sessionSource 1 |
| Settlement | Financial settlement; a futures position does not deliver a withdrawable USD balanceSource 1 |
The contract size is much larger than the cash posted as margin. A 14-point adverse move in one WDO contract equals R$140 before costs. That arithmetic does not mean the broker must close the position at R$140, or that losses cannot exceed the collateral.[1][2]
Trading costs and subscriptions
Sections ↑Core futures brokerage per contract
Other futures and securities brokerage
Risk-department liquidation
| Instrument | Published charge |
|---|---|
| WIN / WDO | R$20 per contractSource 5 |
| DOL / IND | R$100 per contractSource 5 |
| WSP | R$35 per contractSource 5 |
| BIT / ETR / SOL / GLD / MBR / VIX | R$16 per contractSource 5 |
| Stock future | R$0.10 per contractSource 5 |
| Shares / options | 0.5% plus R$25.21; minimum R$50Source 5 |
Debit balance and margin cover
Automation and invoice additions
| Item | How charged |
|---|---|
| Ontick | R$1.50 per contract under the published strategy scheduleSource 5 |
| Copy Invest — Aliakyn | R$0.50 per contractSource 5 |
| Futures taxes | Tariff describes gross-up for ISS 5%, PIS 0.65% and COFINS 4%Source 5 |
| Bovespa other costs | 5.90% on the stated brokerage, exchange and settlement baseSource 5 |
Global Account electronic order fees
Global conversion and transfer charges
| Service | Published position |
|---|---|
| Minimum BRL conversion | R$100Source 5 |
| Currency spread | Page heading says 2.25%–1.55%; body says 2.25%–1.30% by amount/segmentSource 5 |
| IOF | Shown separately in the conversion quote and tariffSource 5 |
| ACAT transfer | Incoming free; outgoing USD75Source 5 |
| DRS / DWAC | USD115 each direction; rejection USD125Source 5 |
Charges outside headline brokerage
| Cost component | When it matters |
|---|---|
| B3 charges | Exchange, clearing and settlement charges follow the applicable instrument and trading patternSource 5Source 1 |
| Tax and invoice additions | Broker schedules may quote charges before taxes or other invoice items; check each schedule’s basisSource 5Source 1 |
| Platform subscription | A recurring charge may apply even when order commission is waivedSource 5Source 1 |
| Risk intervention | The broker’s compulsory-close or desk tariff can exceed self-service commissionSource 5Source 1 |
| Price movement and financing | Slippage, daily futures settlement and collateral/debit charges are separate from brokerageSource 5Source 1 |
Execution, margin and risk controls
Sections ↑Order controls and collateral
| Control | Effect |
|---|---|
| Projected guarantee model | Orders are checked against projected risk before releaseSource 6Source 5 |
| Unexecuted working orders | Can consume trading capacity even before a fillSource 6Source 5 |
| Rejected orders | Remain visible for reconciliationSource 6Source 5 |
| Day versus swing | Carrying a position changes its price category and collateral requirementSource 6Source 5 |
RLP and execution choices
| Choice | Practical consequence |
|---|---|
| Active RLP | Qualifying WDO/WIN brokerage moves to zeroSource 3Source 5 |
| Inactive RLP | The published non-RLP rate appliesSource 3Source 5 |
| Broker liquidity | RLP permits the intermediary to provide liquidity within B3 rulesSource 3Source 5 |
| Risk intervention | RLP does not remove liquidation charges or guarantee a maximum trading lossSource 3Source 5 |
B3 publishes a R$140 minimum intraday margin for WDO. It is an exchange floor, not a promise that every account can trade with R$140. The broker’s live requirement, available guarantees, pending orders and any switch to an overnight position determine actual capacity.[2]
Funding, withdrawals and asset transfers
Sections ↑Cash and account movement
| Item | Treatment |
|---|---|
| Opening and maintenance | No charge in Rico’s tariffSource 5Source 6Source 1 |
| Domestic TED | No charge in the account tariffSource 5Source 6Source 1 |
| Available cash | Must be distinguished from required guarantees and unsettled obligationsSource 5Source 6Source 1 |
| International funding | Requires a separate conversion; the futures account does not hold delivered USDSource 5Source 6Source 1 |
For an outward transfer of investments, use the authenticated custody-transfer workflow and reconcile open orders, collateral commitments and unsettled trades first. Those trading commitments can affect what is free to move; an account balance alone does not establish transferability.[6]
Client assets and investor protection
Sections ↑Rico’s legal disclosure identifies XP Investimentos CCTVM as the institution behind the brand. The website’s branch CNPJ identifies a branch of XP, rather than a separately licensed Rico company. A shared corporate operator does not make Clear and Rico tariffs interchangeable.[4][5]
Investor compensation and market losses
| Issue | Applicable boundary |
|---|---|
| BSM MRP | Up to R$200,000 per occurrence for qualifying, proven losses in covered intermediary or custody activitySource 7Source 8 |
| Market risk | Ordinary price losses and the issuer’s bankruptcy are not covered by MRPSource 7Source 8 |
| Claim timing | BSM states an 18-month period from the loss-causing eventSource 7Source 8 |
Support, outages and complaints
Sections ↑Customer service and complaint contacts
| Channel | Published contact | Scope / hours |
|---|---|---|
| Customer service | 3003-5465 / 4007-2465 / 0800-771-5465 | Published Brazilian channelsSource 5 |
| +55 11 4935-2740 | Official customer serviceSource 5 | |
| SAC | 0800-774-0402 / 0800-000-0057 | Complaints and general serviceSource 5 |
| Ombudsman | 0800-722-3730 | Monday–Friday, 09:00–18:00Source 5 |
Order-status troubleshooting
| Situation | Action |
|---|---|
| Order appears rejected | Read the rejection and projected-margin status before resubmittingSource 6Source 5 |
| Order still working | Account for its use of trading capacitySource 6Source 5 |
| Platform interruption | Use Rico’s official customer-service route to reconcile order statusSource 6Source 5 |
| Unexpected charge | Compare the note with RLP status, day/swing classification and the actual execution channelSource 6Source 5 |
Platforms and additional services
Sections ↑Tools and subscription boundaries
| Service | Role |
|---|---|
| Rico app / Home Broker | Portfolio access and digital order entrySource 4Source 5 |
| Ontick | Separately priced automated strategy serviceSource 4Source 5 |
| Copy Invest | Named strategy tariff; strategy execution is separate from ordinary self-service commissionSource 4Source 5 |
| Global Account | International securities and remittance service; its promotion is not a domestic futures waiverSource 4Source 5 |
Company and legal identity
Sections ↑Corporate identity
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.
BrazilSource 4
No separate licence entry is recorded in this panel.
Worked examples and practical distinctions
Sections ↑Worked WDO cost and price examples
| Scenario | Calculation | What the result excludes |
|---|---|---|
| WDO day round trip without RLP | 2 × R$0.45 = R$0.90 base brokerage | Gross-up, exchange fees, P/L and other chargesSource 5Source 1 |
| WDO swing round trip without RLP | 2 × R$0.75 = R$1.50 base brokerage | Taxes, exchange fees and daily settlementSource 5Source 1 |
| Qualifying RLP round trip | R$0 broker commission | Other charges and market lossesSource 5Source 1 |
| One WDO adverse 20-point move | 20 × R$10 = R$200 loss | Brokerage, taxes and slippageSource 5Source 1 |
WDO provides exchange-traded currency exposure and cash settlement in reais. Funding an overseas currency account requires a separate conversion with its own fees and terms.[1]
Sources & further reading
- B3 mini-dollar futures contract specification B3 · Accessed 26 Oct 2026
- B3 minimum intraday margins for retail mini-futures B3 · Accessed 26 Oct 2026
- B3 Retail Liquidity Provider mechanism and instrument scope B3 · Accessed 26 Oct 2026
- Rico retail brand and XP CCTVM execution disclaimer Rico · Accessed 26 Oct 2026
- Rico complete brokerage, derivative, exchange, copy and margin costs Rico · Accessed 26 Oct 2026
- Rico risk manual with pre-trade guarantee validation and order rejection Rico · Accessed 26 Oct 2026
- BSM: scope and limit of MRP compensation BSM Supervisão de Mercados · Accessed 26 Oct 2026
- BSM: submitting an MRP claim and the 18-month deadline BSM Supervisão de Mercados · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.