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Brazil
2015 (11 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know modalmais home broker
Company Information
Get to know modalmais home broker
Originally founded as Banco Modal in 1995, the company launched its digital investment platform, modalmais, in 2015, positioning itself as the "digital bank for investors" in Brazil. It provided a comprehensive suite of services, including a digital checking account, investment options in fixed income, investment funds, and a robust "home broker" system for trading stocks, options, and other assets on the B3 exchange. In 2022, XP Inc., one of Brazil's largest investment platforms, acquired Banco Modal. Since the acquisition, the modalmais brand and platform are being fully integrated into the XP ecosystem, with customer accounts and services migrating to XP's platform.
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