What is a broker and how to choose the best one for investing in Latin America?
Hapi Pills
9.11.2024 1:05 AM
Are you thinking about investing but don't know where to start? The first step is to choose the right broker. A broker is your gateway to the stock market, acting as an intermediary between you and the financial assets you want to invest in. In this article, we'll guide you through the key aspects to consider when choosing a broker, with a special focus on the needs of Latin American investors.
A broker is a financial entity that facilitates the buying and selling of securities, such as stocks, bonds, and other financial instruments. It acts as the main intermediary between investors and financial markets.
Choosing the right broker is essential to ensuring a safe and successful investment experience. Key factors to consider include security, the user-friendliness of the platform, fees and commissions, and the availability of investment products.
Security is a fundamental concern when choosing a broker, especially in Latin American countries. To ensure the highest level of security, you must verify that you are working with a regulated broker by a trusted financial authority and that it complies with established safety standards. For example, at Hapi, we are regulated by the U.S. Securities and Exchange Commission (SEC) and are members of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).
Using FINRA’s "BrokerCheck" tool, you can find all the security measures that Hapi has for you. This ensures the highest standards for your investments and guarantees them for up to $500,000.
Hapi has become a popular option among Latin American investors thanks to its main benefits:
Investing in the stock market has never been easier. Hapi’s user-friendly interface is designed for you to start investing without being a financial expert.
Additionally, the platform allows you to trade from your mobile (iOS or Android) as well as from the web. You can review your investments and trade in real-time quickly and easily.
Hapi was created with the needs of many Latin Americans in mind, who wanted to start investing in the U.S. Stock Market but lacked the necessary tools (such as a U.S. bank account or minimum amounts) to do so.
Therefore, Hapi provides a personalized experience for the region with local, cost-effective deposits and withdrawals, customer service in Spanish, financial education, and much more.
Open an account in minutes from the palm of your hand. The process is simple, and you can verify your account quickly instead of waiting weeks to start investing in the U.S. Stock Market.
Enjoy commission-free investing (see details here). This allows you to invest the amount of your choice without incurring additional costs using strategies such as Dollar-cost Averaging. This involves making a fixed dollar investment at regular intervals, which benefits you by averaging a lower cost and achieving potential positive returns despite market fluctuations.
There are no minimums to start investing with Hapi. You don’t need big savings to get started, as Hapi aims to democratize investing for everyone in LATAM.
Trying to invest in a stock but don’t have enough money to buy a full share? With Hapi, that’s not a problem. You can buy fractional shares of your choice and build a tailored portfolio.
With Hapi, you can invest in over 9,000 securities, including most stocks and ETFs (Exchange-Traded Funds) listed on U.S. stock exchanges. We also now offer 8 available cryptocurrencies.
With Hapi, you truly own the shares you purchase. Hapi acts solely as an intermediary and ensures that your rights are protected at all times. Additionally, Hapi does not engage in Contract for Difference (CFD) transactions, ensuring transparency in trading.
Starting to invest with Hapi is very easy! Download the app for iOS or Android, sign up, and complete the registration process.
You can then make your first deposit and be ready to invest. You’ll need a copy of your identity card or passport.
Keep in mind that all the information Hapi asks for in your registration is requested by the regulator, is strictly confidential, and will never be accessible to anyone except the regulator.
In conclusion, choosing the right broker is fundamental to your investment success. With Hapi, you can enjoy a safe, intuitive, and cost-effective investment experience, specifically designed for the needs of Latin American investors.
Join the more than 600,000 users who already trust us. Sign up now with Hapi and start commission-free investing today!
Member of FINRA and SIPC
All investments involve risk, including the loss of capital. Hapi offers self directed investment accounts for those investors who feel comfortable managing their own investments. For a full list of our disclosures, please visit our disclosures page.