At Vest, we believe it is important for our users to understand the operational costs they may incur based on their requests. Some of these costs include:
Concept | Amount |
Brokerage | 0% |
Deposit fee in Brazil | $0 USD via PIX or TED |
Withdrawal fee in Brazil | $0 USD via PIX |
Currency exchange spread (applies to transactions in Brazil) | 1.85% of the commercial exchange rate |
IOF (applies to transactions in Brazil) | A 1.1% fee applies to outgoing transactions and for the incoming ones a 0.38% fee applies. |
International wire transfer deposit fee | $0 USD (your originating account or intermediary bank may charge withdrawal fees) |
Deposit fee via SPEI (applies to transactions in Mexico) | 1.5% per transaction (except for the first deposit, which has a 1% fee) |
Deposit fee via Flutterwave (applies to transactions in Africa) | 3.25% per transaction (includes forex fee and transfer fee) |
Withdrawal fee via Flutterwave (applies to transactions in Africa) | 1.25% per transaction (includes forex fee and transfer fee) |
Refund fee for deposit with wrong information by FlutterWave (applies to transactions in Africa ) | 2% per transaction (transfer fee) |
Withdrawal fee to a U.S. account (ACH) | $0.25 USD |
Withdrawal fee to a U.S. account (wire transfer) | $25 USD (your originating account or intermediary bank may charge withdrawal fees) |
Withdrawal fee to an international account (wire transfer) | $35 USD (your originating account or intermediary bank may charge withdrawal fees) |
Withdrawal fee via SPEI (applies to transactions in Mexico) | 1.5% per transaction |
Portfolio transfer fee from other brokers to Vest | $0 USD per account via ACATS |
Portfolio transfer fee from Vest to other brokers | $65 USD per account via ACATS $35 USD per position via DTC $130 USD per position via DWAC |
Important Note:
Vest does not charge brokerage fees. This means you can buy and sell your assets commission-free.
Consult the full fee schedule here.
Authorized Intermediaries
FacilitaPay: A financial institution and our partner in Brazil that facilitates funding for investment accounts for our Brazilian-resident users.
DriveWealth: A U.S. brokerage firm and our partner that provides custody for our clients' investment accounts in the United States.
Plaid: A platform that connects U.S. bank accounts with companies (some multi-currency accounts are supported; you must check the list in the app).
Flutterwave: A fintech company and our partner in Africa that enables connections between local accounts and your Vest account.
VestPay Inc.: A U.S.-based money services business registered with the Financial Crimes Enforcement Network (FinCEN) that processes clients' fund transfers in U.S. dollars.
Avenia: A financial institution and our partner in Brazil that facilitates funding for investment accounts for our Brazilian-resident users.
Securities trading is offered through Northbound Securities LLC.