Sproutfi does not charge brokerage or commission fees for self-directed investments (when investors choose to create and manage their own portfolios), and we do not charge fees for opening and maintaining your investment account. However, our partner firms charge us fees such as forex spread (for Brazilian transactions) and withdrawal fees. Sproutfi passes these fees on to our customers and remits part of them back to our partner firms. The other part is used to cover banking and FX costs.
Important:
Before any transaction, we will always show you a breakdown of applicable fees
FacilitaPay is a Brazilian financial institution and our partner that facilitates transfers from Brazil to your investment account in the US
DriveWealth is a US brokerage firm and our partner that facilitates the custody of Sproutfi customer accounts in the US.
Fee | Amount |
Trading / brokerage fee | US$0 |
Account maintenance fee | US$0 |
Inactivity fee (currently not being charged) | US$0.10 per month not active, for self-directed accounts with $9.99 or less in total value and no activity in the last 9 months |
Incoming Pix or TED transfer fee for transactions in Brazil (deposit) | US$0 |
Outgoing Pix transfer fee for transactions in Brazil (withdrawal) | US$0 |
Foreign exchange (FX) spread (only for transactions in Brazil) | 1.85% of the FX rate (Pix and TED) |
IOF (federal tax charged only for deposits and withdrawals in Brazil) | 0.38% for the FX rate (Pix and TED) |
Incoming wire transfer fee | US$0, but please be aware that your bank might charge a withdrawal fee |
Outgoing ACH transfer fee (withdrawal) | US$0.25 |
Outgoing US wire transfer fee (withdrawal) | US$25 |
Outgoing non-US wire transfer fee (withdrawal) | US$35 |
Portfolio transfer from another brokerage firm to Sproutfi (incoming) | US$0 per account, via ACATS
US$35 per position, via DTC
US$55 per position, via DRS
US$130 per position, via DWAC |
Portfolio transfer to another brokerage firm from Sproutfi (outgoing) | US$65 per account, via ACATS
US$35 per position, via DTC
US$55 per position, via DRS
US$130 per position, via DWAC |
Securities trading is offered through Northbound Securities LLC, an affiliate of Northbound Group LLC, d/b/a Sproutfi