Toro Investimentos

Name

Toro Investimentos

Legal name

Toro CTVM Ltda

Website

https://toroinvestimentos.com.br

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Toro Investimentos is the Santander Brasil-owned specialist day-trading platform serving Brazilian retail traders with Nelogica-powered Profit terminals, zero-commission trading, Co-location DMA4 low-latency execution, and 10 million users added via the 2021 Mobills and Monetus acquisitions.

Ownership category

akta.pro rank

Product category

Online Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Commodity Contracts Intermediation (523160)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)

Keywords

• Retail brokerage services
• Day trading platform
• Zero commission trading
• Financial market education
• Mobile trading app

Headquarters

HQ city

Belo Horizonte

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Margin and leverage interest: Revenue generated from charging interest on margin loans and leveraged positions. The platform offers up to 300x leverage on day trades, generating interest income on borrowed funds.
2. Stock borrowing/lending: Revenue from facilitating stock lending between clients. Clients borrowing stocks pay 0.25% on financial volume, while those lending stocks pay 30% of the asset fee to Toro.
3. Assisted/compulsory operations: Commission-based revenue from operations executed via phone or email, or mandatory position closures, with rates ranging from 0.5% for equities to fixed per-contract fees for futures.
4. Platform subscription (conditional): Profit Pro platform is free for traders executing at least 4 mini contracts per 30-day period. Re-subscription after failing to meet minimums incurs R$119.90 monthly fee.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Toro Investimentos is a Brazilian online brokerage offering zero-commission trading of equities and futures on B3 through a portfolio of proprietary and partnered platforms — Profit Toro Trader, Profit Pro, Profit Ultra, Scalper Pro, Home Broker Clássico, and the Toro Trader Mobile app — supported by co-located DMA4 execution infrastructure and risk-management features such as automatic position-close. The firm monetizes primarily through interest on margin lending, stock lending, assisted/compulsory operations, and optional platform subscriptions.

Product overview

Toro Investimentos is a trading platform and brokerage operating as part of the Santander Brasil ecosystem, founded in 2010 and integrated into Santander in 2020. The core offering centers on a suite of Nelogica-powered Profit trading platforms (Profit Toro Trader, Profit Pro, Scalper Pro, Profit Ultra, and Home Broker Clássico) combined with zero-commission brokerage, co-location DMA4 low-latency infrastructure, and a Retail Liquidity Provider (RLP) mechanism. The platform is augmented by educational tools (Universidade Trader free courses), a Club Trader loyalty program for high-volume traders, specialized advisory services, and 300x leverage on stock day trades. In 2021, Toro expanded by acquiring the fintechs Mobills and Monetus, adding open banking technology and automated investment capabilities alongside 10 million new users. The platform is available as both desktop and mobile apps distributed through the Apple App Store and Google Play Store, and integrates with WhatsApp for customer support and Telegram for real-time trading recommendations.

Differentiator

Problem solved

Functional benefit

Products and services

• Profit Toro Trader Naming-rights edition of the Nelogica Profit platform offered by Toro Investimentos, providing professional charting, automated strategies, and B3-integrated order entry for Brazilian retail day traders.
• Profit Pro Premium subscription edition of the Nelogica Profit platform distributed by Toro Investimentos, targeting advanced Brazilian traders with extended features.
• Profit Ultra Ultra edition of the Nelogica Profit platform distributed by Toro Investimentos, providing extended capabilities for high-volume Brazilian retail traders.
• Scalper Pro Dedicated scalping platform distributed by Toro Investimentos, optimized for high-frequency Brazilian retail traders executing rapid trades.
• Home Broker Clássico Browser-based home broker platform from Toro Investimentos aimed at traditional Brazilian retail investors seeking a simple interface for B3 equities.
• Toro Trader Mobile Native mobile trading application offered by Toro Investimentos for iOS and Android, allowing Brazilian retail traders to monitor markets, place orders, and manage positions from smartphones and tablets.
• Corretagem Zero Zero-commission brokerage offering from Toro Investimentos that enables Brazilian retail traders to execute B3-eligible trades on equities and futures without paying per-trade brokerage fees.
• Clube Trader Toro Loyalty club offered by Toro Investimentos that rewards active Brazilian retail traders with perks, content, and engagement benefits.
• Universidade Trader Free educational program from Toro Investimentos offering Brazilian traders unlimited access to courses, content, and learning resources on financial market trading.
• Assessoria Especializada (Advisory Hub) Specialized advisory service from Toro Investimentos' Advisory Hub providing Brazilian retail traders with personalized guidance on positioning, strategy, and platform usage.

Quantifiable outcome

• Average customer service response time of 2 minutes via WhatsApp

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature7 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Azevedo SetteminorImplementation/ SI/ Consulting Partner · 22 June 2021Legal advisory firm engaged to advise Toro on the Mobills acquisition, handling transaction structuring and regulatory compliance aspects.
• MobillscoreStrategic or Co-development Partner · 20 June 2021Acquisition of Mobills, a Brazilian fintech providing personal finance and investment management tools. The acquisition added millions of users and incorporated open banking technology and automated investment strategy capabilities into Toro's ecosystem. Transaction involved purchase of all capital through cash and share exchanges, pending regulatory approval.
• MonetuscoreStrategic or Co-development Partner · 20 June 2021Acquisition of Monetus, a Brazilian fintech specializing in automated investment strategies. Combined with Mobills acquisition, this added 10 million users to Toro's platform. Transaction involved cash and share exchange, subject to regulatory approval.
• NelogicacoreTechnology or IntegrationTechnology partnership for trading platform infrastructure. Nelogica provides the Profit trading platform technology (Profit Toro Trader, Profit Pro, Scalper Pro, Profit Ultra) that forms the core trading experience. Toro integrates these platforms with their services and offers them free to qualifying traders.
• B3 (Brasil, Bolsa, Balcão)coreOthersB3 is Brazil's primary securities and derivatives exchange. Toro operates as a broker authorized by B3, with certifications including B3 Operational Qualification and B3 Custody Certification. All trading operations are executed through B3 infrastructure.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Direct peers

• XP Inc. Brazil's largest independent investment platform offering trading, fixed income, funds, and advisory to retail and institutional clients. Directly competes with Toro across active trading, zero-commission products, and educational content, with similar target customer (mass-affluent retail traders).
• Clear Corretora: Brazilian zero-commission broker focused on active day traders with professional trading platforms. Direct competitor to Toro, particularly in the day-trader and mini-contract futures segment where both offer zero commissions and professional tools.
• BTG Pactual Digital: Digital banking and investment platform from Latin America's largest investment bank. Offers trading, fixed income, and advisory products to retail clients, competing with Toro for mass-affluent Brazilian retail investors.
• Modal Mais: Brazilian digital investment platform offering zero-commission trading, fixed income, and proprietary investment products to retail clients. Competes with Toro for self-directed retail traders in Brazil.
• Inter Investimentos: Investment platform of Banco Inter, a major Brazilian digital bank. Offers trading, fixed income, and investment products to Inter's banking customer base, competing with Toro's integration into Santander's ecosystem.
• Genial Investimentos: Brazilian broker and investment platform offering equities, fixed income, funds, and trading tools to retail and institutional clients. Direct competitor in the Brazilian retail brokerage market.
• Rico Investimentos: Brazilian investment platform owned by XP Inc., offering trading, fixed income, and investment products to retail and professional clients. Competes with Toro across active trader tools and zero-commission offerings.
• Warren Investimentos: Brazilian wealth management and investment platform offering fixed income, funds, and stock trading. Overlaps with Toro in retail brokerage, though with somewhat different positioning toward wealth management.

Emerging players

• Nu Invest (Nubank): Investment arm of Nubank, Brazil's largest digital bank. Newer entrant to brokerage but rapidly scaling with Nubank's 90M+ customer base. Competes with Toro by leveraging Nubank's banking distribution and low-cost model.

Regional players

• eToro: Global social trading platform available to Brazilian investors. Offers commission-free stock and ETF trading plus crypto, competing with Toro for retail traders but with a fundamentally different social/copy-trading positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@torotrader
• Facebookfacebook.com/torotrade
• Instagraminstagram.com/torotrader

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toro Investimentos