Equities and Investment Funds Fees | B3
Applicable contracts
  • Shares
  • Unsponsored Brazilian Depositary Receipts – BDRs (Level I)
  • Sponsored Brazilian Depositary Receipts – BDRs (Levels I, II and III)
  • Subscription Warrants
  • Units (except BDRs)
  • Additional Construction Potential Certificates (CEPAC)
  • FUNDES Shares
  • ETF Shares
  • International ETF Shares
  • Fixed Income ETF Shares
  • FINAM Shares
  • FINOR Shares
  • Equity Fund (FIA) Shares
  • Real Estate Fund (FII) Shares
  • FISET Shares
  • Subscription Rights
  • Other Investment Fund Shares (CVM Instruction 555/2014)
  • Subscription Receipts

Trading fee, settlement fee, registration fee

Type of investor Trading1,2 Settlement1 Registration1 Total1
Investors in general 0.0050% 0.0250% - 0.0300%
Local investment funds and clubs3 0.0050% 0.0180% - 0.0230%

1 On the financial value of the operation, for each investor (buyer and seller).

2 For transactions executed during opening auctions, closing auctions and in Public Tender Offers (PTO), the value of the trading fee will go back to 0.0070% as long as:
• they are not executed by investment clubs (which continue to be covered by the prevailing rule);
• they are not characterized as day trading.

3 For Fee Structure purposes, B3 considers as Local investment funds and clubs the investores which economic activity registered on Sincad are: 203.00, 501.00, 501.01, 501.02, 501.03 e 701.00

Obs: Exercise of box structured operations, if carried out until maturity will be exempt of the fees described above.

Volume tiers for daytrade

Daily Day Trade Volume (BRL Millions)2 Trading1 Settlement1 Total1
From To (including)
0 1 0.0050% 0.0180% 0.0230%
1 5 0.0048% 0.0177% 0.0225%
5 10 0.0044% 0.0166% 0.0210%
10 40 0.0042% 0.0158% 0.0200%
40 150 0.0039% 0.0146% 0.0185%
150 300 0.0037% 0.0138% 0.0175%
300 700 0.0034% 0.0126% 0.0160%
700 1,000 0.0031% 0.0114% 0.0145%
1,000 2,000 0.0029% 0.0106% 0.0135%
2,000 3,000 0.0026% 0.0099% 0.0125%
3,000 4,000 0.0025% 0.0095% 0.0120%
More than de 4,000 0.0023% 0.0087% 0.0110%

1 Applied on a regressive form, on the financial value of the operation, for each investor (buyer and seller).

2 per broker