Avenue

Avenue
WikiStocks Rating	⭐⭐⭐
Fees	Commissions:3 free monthly brokerages(after 3 months:$2.5)
Account Fees	$0.5 per month
Interests on uninvested cash	2.45%
Mutual Funds Offered	Yes
Platform/APP	Avenue APP
Promotion	N/A

Avenue Information

　　Avenue is a trading platform known for its cost-effective fee structure, offering three free monthly brokerages with subsequent transactions at a low fee of $2.5.

　　It meets users with features like interests in uninvested cash at 2.45% and availability of mutual funds, all accessible via the user-friendly Avenue APP.

　　However, it does not provide any promotional offers, which will be a drawback for some users looking for additional benefits.

Pros & Cons

　　Pros:

　　Avenue is regulated by FINRA, ensuring a secure trading environment. The platform offers a unique trading experience through its Avenue APP and appeals to cost-conscious traders with low commissions, including three free monthly brokerages. Additionally, it supports diverse payment methods, including bank transfers and international cards, providing flexibility in funding options.

　　Cons:

　　However, Avenue has a limited range of tradable securities, focusing only on fixed income and funds, which will not meet all investor preferences. The platform also charges a monthly fee of $0.5 for inactive accounts, which could be a deterrent for infrequent traders.

Is Avenue Safe？

　　Regulations:

　　Avenue is regulated by the Financial Industry Regulatory Authority (FINRA) in the United States under License Nos. CRD# 292589 and SEC# 8-70079. FINRA, established in 2007, serves to protect investors and ensure market integrity through effective regulation of over-the-counter markets and investment bank operations. As a self-regulatory organization, it brings a significant layer of oversight to Avenue's activities, enhancing the broker's credibility and safety.

　　Funds Safety:

　　Avenue is regulated by FINRA often implies a degree of fund safety including participation in the Securities Investor Protection Corporation (SIPC), which can protect securities customers of its members up to $500,000 (including $250,000 for claims for cash).

　　Safety Measures:

　　Avenue utilizes encryption technologies to secure funds storage and protect the leakage of user information. The platform offers features such as 24/7 security monitoring, the ability to block accounts and cards in case of theft, and transaction limits management, all aimed at enhancing the safety and integrity of user accounts and personal data. These measures are standard among reputable financial service providers and contribute to the overall security of the platform.

What are securities to trade with Avenue？

　　Avenue offers a focused selection of securities that meet specifically to investors interested in fixed income assets.

• 　　Fixed Income: This category includes investments such as government bonds and corporate bonds from the U.S., Brazil, and other Latin American countries. These instruments provide investors with periodic interest payments, offering a steady stream of income. Fixed income securities are typically favored by those seeking lower-risk investment avenues that deliver predictable returns over time.



• 　　Fund: Avenue offers mutual funds that pool money from multiple investors to invest in diversified portfolios of stocks, bonds, or other securities. These funds are managed by professionals who allocate assets to optimize returns for investors. Mutual funds are a convenient option for individuals who prefer to outsource the management of their investments to experts, aiming for potentially higher returns than traditional savings.



• 　　Purse: Although less commonly referenced in investment terminology, the 'Purse' in this context could refer to a collection or portfolio of various investment instruments available to Avenue's clients. This will encompass a mix of liquid assets and other financial instruments, offering investors a broad exposure to different markets and sectors through a single platform. This could potentially enhance the diversification of an investor's portfolio, spreading risk across various asset classes.



Avenue Fee Review

　　Avenue's fee structure encompasses a variety of costs associated with trading, account maintenance, and other services:

• 　　Account Opening and Maintenance:

• 　　Free account opening and maintenance.

• 　　Brokerage and Commissions:



• 　　$2.50 per order for investments up to$$1,000.

• 　　$5.00 per order for investments between$$1,000.01 and $2,000.

• 　　$7.50 per order for investments above$$2,000.

• 　　Zero brokerage for up to 3 free monthly brokerages. After the free brokerages are used, the costs are as per the standard price table:

• 　　Investment in ETF recommended portfolios is not included in the free brokerages and costs $2.50 per order.

• 　　Operations via the trading desk have a cost of 0.5% of the traded volume or a minimum of $20.00 per trade.

• 　　Other Trading Costs:

• 　　$20.00 per order via platform.

• 　　$100.00 per order via operating table.

• 　　The funds have a product handling fee for all purchase, repurchase, and sale operations, exempt from Money Markets funds.

• 　　Custody Transfer:

• 　　ACAT (local/USA): Free admission, $75 for departure.

• 　　DTC (Local/International): Free admission, $25 per position for output.

• 　　DRS (local/USA): $115 both for input and output per position.

• 　　DWAC (Local/International): $100 per position for input and output, and $125 for rejected transactions.

• 　　Deposits, Withdrawals, and Payments:

• 　　Brazilian Account: Free for TED and PIX transactions.

• 　　U.S. Investment Account: $8.00 for domestic warehouse, $25.00 for domestic pick-up, $30.00 for wire return cost, $14.00 for international deposit, $45.00 for international withdrawal.

• 　　U.S. Bank Account: Free for bill payments and transfers via ACH and for sending and receiving between Avenue accounts.

• 　　Card Fees:

• 　　Mastercard Virtual Debit Card: Free.

• 　　Physical Card Delivery: Free until 30/06/2024.

• 　　ATM Withdrawal – USA and Other Countries: $2.00 plus regional taxes.

• 　　ATM Withdrawal – Within Brazil: 3% plus regional taxes.

• 　　Non-USA transaction fee: 2.5% of the purchase price, exempt for customers in the Singular segment.

• 　　Miscellaneous Costs:

• 　　Sending physical correspondence: $2.00 per confirmation, $5.00 per monthly statement if your email is not valid.

• 　　Inactivity fee: $0.50 per month for accounts with full custody between $0.01 and $500.00, charged after the third month with no investment account movements.

Fee Type	Cost
Account Opening & Maintenance	Free
Brokerage Fees	3 free monthly brokerages; afterwards:
	Up to $1,000: $2.50/order
	$1,000.01 to $2,000: $5.00/order
	Above $2,000: $7.50/order
	ETFs: $2.50/order
	Trading desk orders: 0.5% of volume or $20 min
Other Trading Costs	Platform: $20.00/order
	Operating table: $100.00/order
Custody Transfer Fees	ACAT: Admission Free, $75 Departure
	DTC: Admission Free, $25/output per position
	DRS: $115 both ways per position
	DWAC: $100/input/output, $125/rejected
Deposits & Withdrawals	Brazilian Account: Free
	U.S. Account: $8.00 - $45.00 varied by type
Card Fees	Virtual/Physical Card: Free
	ATM Withdrawal: $2.00 + taxes (USA/Other), 3% + taxes (Brazil)
	Non-USA transaction: 2.5% of purchase
Miscellaneous Fees	Mail Correspondence: $2.00 - $5.00
	Inactivity Fee: $0.50/month

　　To see the specific fee structure in:https://avenue.us/custos/

Avenue Trading Platform Review

　　Avenue offers its trading services through a unique and proprietary platform known as the Avenue APP. This platform is designed to facilitate a trading experience, allowing users to manage their investments in fixed income products, funds, and various other securities.

　　The Avenue APP provides a user-friendly interface with features such as real-time quotations, market orders, and thematic investment options, making it a convenient tool for both novice and experienced investors aiming to diversify and manage their global financial portfolio.



Research & Education

　　Avenue provides a rich assortment of research and educational resources aimed at enhancing investor knowledge and expertise. Their platform features a blog section titled “Avenue Explica,” which covers a wide range of topics such as investment strategies, market trends, and financial fundamentals.

　　Articles like “How to Invest,” “Understanding the U.S. Dollar and Gold Rise,” and insights from Warren Buffett's annual meetings offer both beginners and experienced investors valuable information.

　　Additionally, Avenue offers thematic articles and educational pieces on various investment vehicles like bonds, stocks, mutual funds, and international investing strategies. These resources are designed to help investors make informed decisions and optimize their investment portfolios.



Customer Service

　　Avenue offers robust customer support accessible through multiple channels to meet its diverse client base.

　　Clients can reach out to Avenue via email at customer@avenue.us for inquiries and support. Additionally, they provide phone support through the number +1 786-220-7233 for international calls, ensuring clients outside Brazil can easily contact them.

　　For more immediate and casual communication, especially suitable for clients within Brazil, Avenue supports contact via WhatsApp at +55 11 5026-4138, allowing for quick and convenient access to customer service.



Conclusion

　　Avenue is a dynamic financial platform regulated by FINRA, offering a user-friendly trading app, the Avenue APP, designed to attract both novice and seasoned investors.

　　With its diverse range of fixed-income products, mutual funds, and unique international debit card services, Avenue aims to provide a trading and investment experience.

　　Its fee structure is transparent, featuring free account maintenance, competitive trading costs, and various investment options. Avenue's dedication to customer support through multiple communication channels enhances its appeal to global investors.

FAQs

　　What types of investments can I make with Avenue？

• 　　You can invest in fixed income products, mutual funds, and utilize international financial services through their platform.

　　How does Avenue secure client investments？

• 　　Avenue is regulated by FINRA, uses encryption technologies for data security, and offers features like account and card blocking for added safety.

　　Are there any fees for opening an account with Avenue？

• 　　No, Avenue does not charge any fees for account opening or maintenance.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.