You’ve probably already had to pay fees when using the service of a notary office, right? Well, know that even the stock exchange charges this fee from those who invest in shares.
Knowing what fees and costs affect each financial application is essential for planning. That’s because these costs allow you to calculate the net profit (earnings minus expenses) that you can have in each operation. In this way, it is possible to choose investments with awareness and avoid surprises when checking the transaction statement.
By knowing the fees that are levied on the transactions, you avoid the marketing appeals of brokers that advertise investments with supposedly zero rates. The fees prove that, at least when the matter is related to shares, no application is made free of charge .
You don’t really understand what fees mean and want to know why the fee is charged by B3? Would you also like to understand how the calculation is done? We explain everything in this post!
Contents [ hide ]
- 1What are fees?
- 2What is the difference between fees and costs?
- 3How are fees collected by the stock exchange?
- 4How are fees calculated?
- 5How do I know the cost of fees?
- 6How is this fee paid?
What are fees?
Emoluments are nothing more than fees levied for the purpose of remunerating the cost of services provided by registration bodies . This type of fee is always linked to a specific operation, that is, it is levied on each registration operation.
The collection of fees is a legacy of the time when records of purchase and sale of goods and services were carried out manually.
What is the difference between fees and costs?
Before understanding how fees are charged on investing in shares, it is necessary to point out the difference between fees and costs. As the fee collection exists in several segments, including in the legal scope, the two concepts can be confused.
The notary, responsible for the records made at the notary offices, collects costs and fees to cover expenses with registration, materials and legal proceedings.
The charges relate to costs involving the registration and materials used . This fee even remunerates part of the service performed by the notary public, that is, it reflects the administrative costs of the notary offices.
The costs result from the sum of the expenses generated during a judicial process . It is a fee that is exclusively levied on processes, charged and fixed by law.
How are fees collected by the stock exchange?
The fees are collected by the stock exchange to fund the registration, cataloging and safekeeping of actual information about each transaction .
Fees apply to buying and selling shares, futures and options . They are charged directly by B3 in any transaction and are independent of the broker chosen to carry out the investment. The fees that vary from broker to broker, depending on the business strategy of each broker, are brokerage and custody fees.
The brokerage fee is levied on each transaction and can have a fixed or variable amount.
The custody fee, on the other hand, remunerates registration in the name of the person who applied the amount. The amount is charged per month or year, as long as the money is applied to the papers. Despite being charged by the Brazilian Settlement and Custody Company (CBLC), the custody fee may change depending on the negotiation with the broker.
In addition to the fees charged by B3 and the brokers, there is an income tax levied on each transaction involving the purchase and sale of shares. Income tax is paid monthly, with the exception of the tax paid at source. Find out how taxation on investments works .
How are fees calculated?
On the stock exchange, the value of the fees (also called the trading fee) is levied on each purchase and sale of securities . The fee is equivalent to a percentage of the total transaction volume.
The settlement fee charged by the CBLC and the Service Tax (ISS) are part of the calculation of fees . Both also focus on stock investing.
The value of the settlement fee changes according to the financial volume traded . For example, the value will be different for an operation of R$ 10 thousand and another of R$ 50 thousand.
Therefore, there is no difference in calculating the settlement rate for types of transactions. But the settlement rate varies according to who invests (Individual or funds). The ISS value is also variable according to the rules of each municipality .
The exchange calculates the fees according to the type of transaction . Rates change if the trade is normal or if it starts and ends on the same day ( day trade ). They may also vary depending on the profile of the investor (Individual or funds) and the amount invested.
For operations carried out during the opening and closing auctions and in Public Offerings for the Acquisition of Shares (OPAs), the trading fees are fixed. However, there are some requirements: these transactions can only be made by Individuals and must be traditional transactions, not day trades .
How to know the cost of fees?
The collection of fees may be accompanied by the brokerage note issued on the purchase or sale of shares . The value is one of the items in the transaction’s financial summary. The brokerage note is available on the website of the brokerage firm chosen to make the application.
For Individuals, the current rate is equivalent to 0.003462%. In the case of day trade operations carried out by Individuals, it varies between 0.0005% and 0.004105%. For operations carried out by Individuals in opening and closing auctions, in addition to OPAs, the rate currently charged is 0.0070%.
As fees vary frequently , as per B3’s pricing policy, it is recommended to visit B3’s website to monitor these fees .
How is this fee paid?
The determination of the value of the fees is always made after the trading session. The value is deducted from daily operations carried out by those who invest in proportion to the volume traded.
After setting the rate percentage on the trade day, B3 forwards the information to the broker . In this way, it is possible to deduct the fees from the brokerage note. Subsequently, the amount is collected and transferred from the broker to B3.