Having doubts when investing is quite common - especially among investors who are taking the first steps towards forming an investment portfolio. One of the biggest insecurities that arise at this moment is regarding the choice and operation of the securities broker.
Therefore, in today's article, you will know 4 of the main doubts about stockbrokers among savers and investors who are starting their journey in the world of investments and find all the answers to these questions to start, once and for all, their contributions with more precision and security.
Good reading!
What is a stockbroker?
A securities broker is an entity that acts in the financial market as a business intermediary between investors and other institutions. In a simple way, the broker is a distributor of investment products - a kind of store, in which people can purchase financial products, such as Bank Deposit Certificates (CDBs), Mortgage Bonds (LCIs), government bonds of the Treasury Direct , between others.
In addition to selling products, brokers provide various services, such as forming clubs and investment funds, technical advice, and asset portfolio management, among others. In Brazil, brokers are supervised by the Central Bank (Bacen) and the Securities and Exchange Commission (CVM), which seek to ensure the smooth functioning of financial market entities and, thus, provide greater security to investors.
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How to choose the best broker?
As you already know, the broker is nothing more than an institution that does business intermediation and, therefore, it is not always necessary for the investor to make their contributions through the securities broker. In some situations, however, the investor needs to have an account with a broker to be able to trade - as is the case with investments in the stock exchange, which includes share purchase and sale operations.
When choosing the best securities broker for your needs, it is necessary to take into account some factors, such as the diversity of products offered, operating costs, the provision of specialized advice, the use of internet trading platforms, among others. Bear in mind that “expert advice” does not guarantee that the best will always be offered to you.
It is very common in brokers - as well as banks - that advisors - in the case of banks, account managers - always offer the investor products that earn them more commissions. Therefore, it is essential that the investor has prior knowledge about investments and the market itself, so that he can learn to make his own choices and analyze which investments are, in fact, most advantageous for him.
The choice of the brokerage firm to make your investments must be based on benefits that you will actually use during the operations. So, there is no point in choosing a brokerage firm that has a low brokerage fee when it comes to trading in stocks if you do not invest in the stock market, is it?
When comparing criteria, take into account the aspects that can really impact the results of your investments. For example, if you invest only in government bonds, it is important to compare the fees charged for this modality before opening an account with the securities broker. After all, the performance of the application also depends on the operating costs involved.
Also analyze the support offered by the institution to investors, such as educational material, the trading platform, the diversity of investment products available, among others. The important thing is to always remember to evaluate the criteria based on your investment profile and your needs.
Do I need a bank account to invest?
One of the main doubts of new investors - or those who have plans to invest in the future - is about the need to have a bank account to invest through a broker. The answer to that question is yes.
Contrary to what many people believe, it is necessary to have a bank account to use the broker, since the remittance will always occur from a current or bank account to the broker. That's because brokerage accounts are ordinary checking accounts - investment accounts.
The account, however, does not have to be current - it can usually be savings. However, the acceptance or not of the savings account can vary from broker to broker and, therefore, it is interesting that the novice investor check with the broker in which he wants to open an account if he accepts transactions via savings.
It is essential, however, that your bank account is able to send and receive TEDs and DOCs. And it is important to pay attention to the costs, since many banks charge for this service. You can check these costs - or service packages that cover certain quantities of certain services per month - directly at the bank in which you have an account.
Some types of digital banks do not charge fees for sending money remittances. If you are the type who does not like to pay fees for banking, these institutions may be a good option.
In practice, it works like this:
You send money to the broker through your bank account - savings or checking, and make your investments in your account open at this broker. At the time of redemption - or receipt of what is applied - the broker must send these amounts to an account on the same CPF as the investor.
