What is the Best Bank for Investment in 2024? Complete Guide to 10 Platforms

The journey to find the best bank for investment involves understanding what each platform offers. With the digital transformation of the financial sector, Brazilian investors now have multiple options beyond traditional banks. Each with its own characteristics, differentiated fees, and specific products.

Why Choose a Digital Bank for Investing?

The revolution of digital banks has completely redefined the experience of the modern investor. It is no longer necessary to go to a physical branch to make a financial application. Everything happens via smartphone or computer, with a simplified interface and agile processes.

Accessibility is perhaps the greatest benefit. Beginner investors can now start with small contributions in fixed income, while more experienced traders access derivatives, forex, and international investments on the same platform. The variety of products offered far exceeds what conventional banks provided a few years ago.

Another relevant aspect is fees. Many platforms compete by offering brokerage fee waivers, reduced management costs, and greater transparency in charges. This means more money truly working for you.

Essential Criteria When Choosing a Platform

Before exploring the 10 options, consider your personal goals:

Investor Profile: Are you conservative and looking for savings, CDBs, and funds? Or do you prefer more adrenaline with stocks, cryptocurrencies, and more complex operations?

Fee Structure: Compare not only brokerage fees but also custody fees, B3 emoluments, management fees on funds, and spreads on currency operations.

Ease of Use: An intuitive platform matters especially for beginners. Experienced traders value advanced tools and sophisticated charts.

Bank Integration: Having a checking account, investments, and credit card in the same bank simplifies your financial life.

Support and Education: Access to educational content, webinars, and specialized support makes a difference.

The Top 10 Digital Banks for Investing

1. Mitrade – The Global Platform Focused on Diversification

Founded in Melbourne, Mitrade has established itself as a modern fintech that operates without unnecessary complications. It has accumulated dozens of international awards attesting to its solidity.

What it offers: Forex, commodities, indices, cryptocurrencies, ETFs, and much more. Ideal for those wanting to go beyond local markets.

Fee structure: No hidden fees. The main cost comes from the buy-sell spread and occasional overnight financing. Most services are free.

Pros: Extremely diversified portfolio, intuitive interface, multiple awards won.

Cons: Being still a growing company in Brazil, some more conservative investors hesitate to trust their resources.

2. Nubank – The Brazilian Giant Expanding into Investments

Nubank has become synonymous with banking innovation in Brazil. Its recent entry into the investment segment already positions it as one of the main choices for investors who value simplicity.

What it offers: Fixed income, variable income, cryptocurrencies (including its own), international stocks.

Fee structure: Almost everything is free. Exceptions are specific operations like dollar contracts and IBOVESPA, where R$0.75 per operation is charged.

Pros: Fully integrated app with your checking account, free in most operations, extremely easy to use.

Cons: More sophisticated products like derivatives are not yet available, limiting more aggressive traders.

3. C6 Bank – Strength of the Partner JP Morgan Chase

Backed by one of the largest global investment banks, C6 Bank constantly expands its offerings. Its customer base is growing rapidly in the Brazilian market.

What it offers: Stocks, fixed income, multi-market funds, international investments with a practical home broker.

Fee structure: Brokerage and custody are free, but there may be costs in other digital services of the bank.

Pros: Wide variety of products, smooth navigation through the app, strong institutional backing.

Cons: Transparency about all possible fees still leaves something to be desired on the platform’s website.

4. Banco Inter – The Digital Brokerage with Additional Benefits

Banco Inter combines features of a brokerage with full banking services, offering various cards and even an integrated online store.

What it offers: Stocks, investment funds, fixed income, Treasury Direct, all via a modern app.

Fee structure: Zero brokerage and custody fees, but there are settlement and emolument fees charged by B3.

Pros: Increased credit limit investing in (points program), easy transfers between checking and investments.

Cons: Lacks more elaborate products that only premium institutions can offer.

5. BTG Pactual Digital – The Choice of High Net Worth Individuals

As one of Latin America’s largest investment banks, BTG Pactual Digital tailors its services for investors with considerable purchasing power.

What it offers: Fixed income, multi-market funds, international investments, structured products.

Fee structure: Variable brokerage that decreases with trading volume, plus custody costs on certain products.

Pros: Vast catalog of sophisticated investments, specialized service for premium clients.

Cons: Minimum investment requirements in some products limit small savers. Not the most democratic option.

6. Next (Banco Bradesco) – Simple Investment for Beginners

Next represents Bradesco’s digital arm focused on democratizing access to the financial market. Its target is conservative investors taking their first steps.

What it offers: Traditional savings, investment funds, simple fixed income.

Fee structure: No brokerage fees, though some additional charges are not fully clear for certain products.

Pros: Reliable institution backed by a traditional bank, perfect for beginners.

Cons: Lack of more robust and strategic products for aggressive investors.

7. XP Investimentos – Advanced Tools with Bank Account

The renowned investment advisory evolved by incorporating credit cards and checking account functionalities, maintaining excellence in the investment segment.

What it offers: Fixed income, stocks, funds, COEs, derivatives, and more complex products.

Fee structure: Zero fees on stock operations, but futures and options trading may have associated costs.

Pros: Platform with advanced tools, specialized support for experienced traders.

Cons: Interface may seem complex for beginners; some fees on sophisticated operations are high.

8. Banco Sofisa – Perfect Integration Between Account and Investments

100% digital, Sofisa Direto seamlessly connects your checking operations with your investment portfolio.

What it offers: CDBs, LCI/LCA, investment funds, stocks, real estate funds.

Fee structure: R$2.99 per executed order for stocks, BDRs, and real estate funds.

Pros: Simple movement between checking and investments, attractive CDB rates.

Cons: Limited product range compared to large brokerages; not ideal for operators seeking extreme diversification.

9. Ion (Itaú) – The Brokerage of a Transforming Giant

Itaú constantly modernizes its Ion brokerage, offering integrated investments within the group’s entire banking ecosystem.

What it offers: Stocks, fixed income, investment funds, Treasury Direct.

Fee structure: No brokerage fees on many products, but there are management and performance fees on certain funds.

Pros: Reliability of a traditional bank, platform integrated with other Itaú services.

Cons: Requires having an Itaú account to invest; not always the most competitive in fees.

10. Banco BS2 – Modern, Intuitive, and International

BS2 offers a modern digital account with checking and investment functions in the same app, focusing on ease of use.

What it offers: Fixed income, multi-market funds, international investments, diversified products.

Fee structure: No costs for applying or redeeming in fixed income, but various fees apply in variable income.

Pros: Variety of products including international options, intuitive platform.

Cons: Still expanding; tools do not yet match the scope of established platforms.

Which is the Best Bank for Investment According to Your Profile?

For beginners: Next, Nubank, and Banco BS2 offer the best combination of simplicity, basic products, and low costs.

For conservatives focused on fixed income: Banco Sofisa and Banco Inter stand out for operational clarity and competitive fees.

For traders and active operators: XP Investimentos and Mitrade provide sophisticated tools and a wide range of assets.

For sophisticated investors: BTG Pactual Digital and XP Investimentos offer premium products and specialized service.

For those seeking global diversification: Mitrade, BS2, and BTG Pactual Digital enable operations in multiple international markets.

Quick Comparison of the 10 Banks

Final Tips for Making the Best Decision

Finding the best bank for investment is a personal decision that depends entirely on your financial goals and risk profile.

Start by testing the platform before making large contributions. Many offer simulators and demo environments. Carefully analyze all fees, not just brokerage, but also custody, emoluments, and administrative charges.

Consider opening accounts in more than one platform. There’s no rule preventing you from having investments across multiple banks, allowing you to take advantage of the best products and rates from each.

Finally, stay updated on changes in offerings. Fintechs are constantly evolving, launching new products, and adjusting their pricing strategies regularly. What’s best today might not be tomorrow.