Accounts and access
Sections ↑Terra’s brokerage price depends first on whether the account is formally self-service or adviser-linked. A customer does not acquire the self-service tariff merely by entering an order online. Its published schedule waives eligible mini-contract brokerage with RLP, uses monthly order bands for self-service equities, and introduced a separate Bitcoin position-trade price on 24 September 2026.[4]
Customer classifications
| Account route | Pricing consequence |
|---|---|
| Formal self-service | Eligible for the published self-service tablesSource 4 |
| Linked adviser | Advised pricing remains applicable even when the customer sends an order electronicallySource 4 |
| Trading desk | Assisted execution is a distinct serviceSource 4 |
| RLP participation | Must actually be active before the mini-contract waiver appliesSource 4 |
Markets and contract mechanics
Sections ↑Markets in the published price page
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 ↑Self-service futures tariff
| Product / condition | Published brokerage |
|---|---|
| WIN / WDO with RLP | R$0 for day and position tradesSource 4 |
| WIN / WDO without RLP | R$0.75 down to R$0.15 by actual volumeSource 4 |
| DOL / IND / DI | R$0.50 per contractSource 4 |
| BIT day trade | R$0.99 per contractSource 4 |
| BIT position trade | R$1.98 per contractSource 4 |
Self-service cash-market monthly order bands
Advised cash-market brokerage bands
Eligibility changes that alter the bill
| Event | Effect |
|---|---|
| Account still adviser-linked | Self-service marketing is insufficient to establish the lower rateSource 4 |
| RLP newly activated | The schedule allows up to 24 hours for price activationSource 4 |
| RLP not active | Volume-priced mini-contract brokerage appliesSource 4 |
| BIT carried as a position | R$1.98 tariff instead of the R$0.99 day rateSource 4 |
The published brokerage table excludes B3 charges, taxes, platforms, compulsory liquidation and other applicable costs. Obtain the account’s complete tariff and current overnight-margin requirement before comparing the total cost of a trade.[4]
Charges outside headline brokerage
| Cost component | When it matters |
|---|---|
| B3 charges | Exchange, clearing and settlement charges follow the applicable instrument and trading patternSource 4Source 1 |
| Tax and invoice additions | Broker schedules may quote charges before taxes or other invoice items; check each schedule’s basisSource 4Source 1 |
| Platform subscription | A recurring charge may apply even when order commission is waivedSource 4Source 1 |
| Risk intervention | The broker’s compulsory-close or desk tariff can exceed self-service commissionSource 4Source 1 |
| Price movement and financing | Slippage, daily futures settlement and collateral/debit charges are separate from brokerageSource 4Source 1 |
Execution, margin and risk controls
Sections ↑Execution and account classification
| Control | Practical consequence |
|---|---|
| Channel | Online entry does not override the account’s adviser classificationSource 4Source 2 |
| RLP effective time | Allow the published activation interval before relying on zero commissionSource 4Source 2 |
| Day versus position | BIT has different rates; futures collateral also depends on how the position is heldSource 4Source 2 |
| Trading limit | Use Terra’s actual live account limit, not the exchange minimum as a universal broker promiseSource 4Source 2 |
WDO position lifecycle
| Stage | Economic effect |
|---|---|
| Entry | Creates USD10,000 notional currency exposure per contractSource 1 |
| Price movement | Each quotation point changes value by R$10 per contractSource 1 |
| Daily settlement | Cash adjustments occur independently of the brokerage feeSource 1 |
| Expiry | Financial settlement rather than delivery of US-dollar cashSource 1 |
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 ↑Opening and cash availability
| Item | Practical route |
|---|---|
| Account opening | Start from Terra’s official website and current account-opening linkSource 4Source 1Source 2 |
| Banking instructions | Use the authenticated account’s current instructions rather than copied historical bank dataSource 4Source 1Source 2 |
| Guarantees | Margin committed to open contracts is distinct from freely withdrawable cashSource 4Source 1Source 2 |
| Currency exposure | A WDO position does not create a remittable USD balanceSource 4Source 1Source 2 |
Client assets and investor protection
Sections ↑The profile concerns Terra’s Brazilian exchange-intermediation service. The customer agreement should identify Terra Investimentos DTVM Ltda. and the account’s custody and execution arrangements. An adviser relationship and an RLP fee waiver do not provide insurance against market loss.[4]
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 5Source 6 |
| Market risk | Ordinary price losses and the issuer’s bankruptcy are not covered by MRPSource 5Source 6 |
| Claim timing | BSM states an 18-month period from the loss-causing eventSource 5Source 6 |
Support, outages and complaints
Sections ↑Customer service and complaint contacts
| Channel | Published contact | Scope / hours |
|---|---|---|
| Customer service | +55 11 3165-6065 / 0800-940-0006 | Published on the accessible brokerage pageSource 4 |
| Published brokerage schedule | https://vamosjuntos.terrainvestimentos.com.br/custos-de-corretagem | Self-service/advised prices and RLP conditionsSource 4Source 6 |
| Official corporate route | https://www.terrainvestimentos.com.br/ | Official account and customer-service navigationSource 4Source 6 |
| External qualifying claim | https://www.bsmsupervisao.com.br/como-enviar-uma-solicitacao | BSM MRP submission routeSource 4Source 6 |
Records for a tariff query
| Issue | Evidence to retain |
|---|---|
| Self-service dispute | Account classification and any adviser-disconnection confirmationSource 4 |
| RLP billing dispute | Activation timestamp and first affected ordersSource 4 |
| Monthly order band | Executed-order count and brokerage notesSource 4 |
| Position-rate dispute | Contract, execution dates and whether the position was carriedSource 4 |
Platforms and additional services
Sections ↑Services and commercial boundaries
| Service | What the published page establishes |
|---|---|
| Self-service trading | Own order entry under a formally designated account routeSource 4Source 3 |
| Advised investing | Separate commercial relationship and cash-market tariffSource 4Source 3 |
| RLP | Conditional execution arrangement affecting mini-contract pricesSource 4Source 3 |
| Platform subscription | Platform prices and renewal terms are separate from the brokerage scheduleSource 4Source 3 |
Company and legal identity
Sections ↑Brand and account identity
| Reference | Detail |
|---|---|
| Brand | Terra InvestimentosSource 4 |
| Named Brazilian intermediary | Terra Investimentos DTVM Ltda.Source 4 |
| Price classification | Self-service versus adviser-linked status is a central contract attributeSource 4 |
| Current price change | BIT position brokerage R$1.98 from 24 September 2026Source 4 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Terra Investimentos Distribuidora de Títulos e Valores Mobiliários Ltda.
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 |
|---|---|---|
| RLP self-service WDO round trip | R$0 entry + R$0 exit brokerage | Exchange fees, risk intervention and market lossSource 4Source 1 |
| Non-RLP WDO range | Two sides imply R$0.30–1.50 at quoted endpoints | Actual volume eligibility, taxes and other chargesSource 4Source 1 |
| BIT position entry and exit | 2 × R$1.98 = R$3.96 brokerage | Exchange costs and trading resultSource 4Source 1 |
| R$5,000 advised cash order | 0.5% × R$5,000 + R$25.21 = R$50.21 | Other invoice items; not the self-service priceSource 4Source 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
- 2026 self-service versus advised/desk brokerage table and RLP rules Terra Investimentos · 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.