Advertisement
Download the new IBKR GlobalTrader app to invest globally.

Best brokers for beginners in Brazil in 2023

1
Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
5
Visit broker
When you invest your capital is at risk
Find below the best brokers for beginners available in Brazil, updated for 2023:
  1. eToro - the best broker for beginners in Brazil in 2023. Free stock and ETF trading. Seamless account opening. Social trading.
  2. EasyEquities - Low trading fees and non-trading fees. Excellent educational materials. Easy and fully digital account opening.
  3. TradeZero - Real stocks and ETFs are commission-free. Quick and easy account opening. Excellent education and customer support.
  4. Swissquote - Access to many markets and products. No inactivity fee. Rock-solid background.
  5. Stake - Free stock and ETF trading. Fast and fully digital account opening. Easy-to-use trading platforms.
  6. SogoTrade - Low trading fees. Quick and easy account opening. Great customer service.

Best brokers for beginners
Overview of the best brokers for beginners


While many online brokers suitable for beginners offer an excellent service, the ones in our toplist go the extra mile.

Broker
Minimum deposit
Time to open account
eToro
$10
For Israeli clients, the minimum first-time deposit is $10,000. For residents of Australia and the US, it is $50, while for residents of Russia, China, Hong Kong, Taiwan and Macau, it is $500.
1 day
EasyEquities
$0
There is no minimum deposit
>3 days
TradeZero
$250
$250 is the minimum deposit
1 day
Swissquote
$0
No minimum account balance
1 day
Stake
$50
Minimum deposit of AUD 50 for Australian customers, £50 for UK customers.
1 day
SogoTrade
$0
No minimum account balance
1 day
Best brokers for beginners data compiled for June 2023

Popularity of the best brokers for beginners in Brazil

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

🆕 If you’re a first-time investor, we’re here to help you buy your first stock!
Follow our new step-by-step guide, including screenshots and hands-on tips, and you’ll have no trouble purchasing your first stocks by yourself!

Best brokers for beginners
Fees at the best brokers for beginners

Broker
US stock
UK stock
eToro
$0.0
Free stock and ETF trading
$0.0
Free stock and ETF trading, except for clients from Australia, where a 0.09% spread cost per transaction applies
EasyEquities
$5.0
0.25% per transaction
-
Not available
TradeZero
$0.0
Commission-free, but orders less than 200 shares have $0.99 flat fee.
$0.0
Commission-free, but orders less than 200 shares have $0.99 flat fee.
Swissquote
$25.0
Volume-tiered commission ranging between $9 and $190
$31.0
Flat commission depending on the trade value, min £25, max £190
Stake
$0.0
Commission-free stock trading
-
Not available
SogoTrade
$2.9
$2.88 flat fee/trade for market orders, $0 for limit orders
-
Not available
Fees at the best brokers for beginners in 2023
All commissions are for opening a position, holding for a week, and closing.

Best brokers for beginners
Non-trading fees at the best brokers for beginners

Non-trading fees are charges that are not directly related to a trade and typically include the account maintenance fee, deposit/withdrawal fees and the inactivity fee.

Broker
Account fee
Inactivity fee
eToro
No account fee
$10 per month after one year inactivity. Inactivity means that you don't log in to your account
EasyEquities
No account fee
No inactivity fee
TradeZero
No account fee.
No inactivity fee
Swissquote
No account fee
No inactivity fee charged
Stake
No account fee for basic accounts. Stake Black is free until January 2021, $9 monthly fee after.
No inactivity fee
SogoTrade
No account fee
No inactivity fee
Non-trading fees at the best brokers for beginners in 2023

And now, let's see in detail the best online brokers for beginners in 2023 one by one.

eToro Logo

#1 Best broker for beginners
eToro

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Minimum deposit $10
US stock fee $0.0
Demo account Yes
Mobile platform score 4.9 stars
Time to open account 1 day
Inactivity fee Yes
Read review For a detailed analysis of eToro services, check out our review for 2023
EasyEquities Logo

#2 Best broker for beginners
EasyEquities

Recommended for long-term investors focusing on stocks and etfs

Visit broker

EasyEquities snapshot
Minimum deposit $0
US stock fee $5.0
Demo account Yes
Mobile platform score 4.3 stars
Time to open account >3 days
Inactivity fee No
Read review For a detailed analysis of EasyEquities services, check out our review for 2023
TradeZero Logo

#3 Best broker for beginners
TradeZero

Recommended for investors and traders interested in commission-free trading and a focus on us stocks and options.

Visit broker

TradeZero snapshot
Minimum deposit $250
US stock fee $0.0
Demo account Yes
Mobile platform score 4.0 stars
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of TradeZero services, check out our review for 2023
Swissquote Logo

#4 Best broker for beginners
Swissquote

Recommended for affluent investors who value safety and are ok with higher fees

Visit broker

Swissquote snapshot
Minimum deposit $0
US stock fee $25.0
Demo account Yes
Mobile platform score 4.7 stars
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Swissquote services, check out our review for 2023
Stake Logo

#5 Best broker for beginners
Stake

Recommended for beginners and investors looking for free us stocks/etfs and a simple, easy to use trading platform

Visit broker
When you invest your capital is at risk

Stake snapshot
Minimum deposit $50
US stock fee $0.0
Demo account No
Mobile platform score 4.1 stars
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of Stake services, check out our review for 2023
SogoTrade Logo

#6 Best broker for beginners
SogoTrade

Recommended for stock and options traders with a us focus who value great customer service

Visit broker

SogoTrade snapshot
Minimum deposit $0
US stock fee $2.9
Demo account No
Mobile platform score 3.5 stars
Time to open account 1 day
Inactivity fee No
Read review For a detailed analysis of SogoTrade services, check out our review for 2023

Best brokers for beginners
Didn't find the best broker for you?

Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
125,500 people already found a broker via this tool!

Your broker toplist will be selected based on your answers.

Where do you live?
More info

Best brokers for beginners
How did BrokerChooser select the best online brokers for beginners in Brazil?

  • We conducted interviews with newcomers who had little to zero trading experience trading.
  • We checked whether brokers offers educational tools, like a demo account or learning material.
  • We opened an account and tested the trading platform with our own money.
  • We looked at how easy and user-friendly it is to open an account for beginners.
  • We checked how easy it is to understand fees for new users.
  • We also checked and compared 102 brokers with a special focus on fees and their trading platform.
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

Best brokers for beginners
FAQ

Which broker should I use as a beginner?

Low fees and an excellent mobile platform make a broker great for beginners. Beginners can also benefit greatly if a broker has excellent educational material, and tools, such as a demo account. The best way to start your journey in the world of investing is by learning. We provide a great starting point on our education page, where you can find a lot of useful learning materials. Here we give you some tips on how to start investing. To find the best online broker for your level of expertise and risk-tolerance, use our find my broker tool.

Where should a beginner invest in stocks?

Before you make stock investments, you should draw up a plan, which involves several basic questions you ought to think about, such as what is your objective, how much time do you want to spend investing and what level of risk you want to take. For beginners, one of the best ways to to starting investing in stocks is choosing an index fund or stock mutual funds, which are an easy and low-cost way to tip your toe into the stock market. We put together a guide on how to start investing in stocks, and how to buy shares online. We explicitly guide you through how to invest in stocks. We also give you tips on how much you should invest when you are starting out. You can also browse through our top recommendations for best trading platforms for stocks.

Is trading gambling?

Trading is not gambling, although some poeple might treat it like that, but they will learn quickly that gamblers lose their money. The goal of a trader is to make predictions that will be as accurate as possible to make money, while gamblers can't predict anything, they bet. People who trade for the thrill of it, or because they want to prove something, or can’t accept losing on the market from time to time, and don’t have a plan or consistency, are trading in a gambling style. New online trading apps have recently come under the spotlight for bringing a gambling aspect into trading. The gamification of trading, with easy-to-use online platforms, little education for retail traders and the social pressure of ‘FOMO’ also contribute to a gambling attitude on the market. Serious traders should consider their objectives, their attitudes to risk, and carefully devise an investment strategy when entering a market.

Is trading hard to learn?

Trading is not diffficult to learn if you invest enough time and energy into it. But that is a big if. Plenty of people trade, but the more time you spend studying trading, the more you practice, - as with everything else -, the better results you can expect. Knowing yourself, your attitude to risk-taking, and being patient and disciplined are also crucial factors if you want to be successful. Keep a cool head, don’t look for easy money, commit to studying trading and always have a trading plan. Our aim is to make personal investing as clear and accessible for you, as possible. Our educational page is a good starting point. You can also learn from our expert traders about the difference between investing and trading, and learn here about how to become a trader. You can also learn about different investment strategies from us.

Want to learn more?

Check out these articles written by our broker and trading experts:

Best brokers for beginners
Glossary

Here is a glossary to help you with some terms in our review:

Inactivity fee: a fee that is charged when a customer has not done any buying or selling on their brokerage account for a specific amount of time determined by the brokerage.

Withdrawal fee: an amount you need to pay when you withdraw money from your trading account to your bank account.

Deposit fee: this is charged when you send money to your trading account at an online broker. The fee may differ depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).

Regulators: these are official bodies established by governments or other organizations to oversee the functioning and fairness of financial markets, including markets, exchanges and firms. They also oversee that investors are not fooled by scams, and in case of wrongdoing, they try to provide some level of financial and legal backing.

Investor protection: this means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud.

Non-trading fees: charges not directly related to trading, such as deposit/withdrawal fees or inactivity fees.

Trading fees: these are charged when you trade; for instance, in the form of a commission, spreads, financing rates, margin rates or a conversion fee.

Still sounds confusing? You can dive into our broader glossary explaining all the exotic terms of the financial world. We also have a forex trading glossary dedicated to terms specifically related to forex trading.

Author of this article

Adam Nasli

Author of this article

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit eToro
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Visit Stake
When you invest your capital is at risk

Share

Comments

×