What is Racional and how does it work in Chile?
A Chilean fintech designed to simplify access to capital markets, allowing investments from amounts as low as CLP 5,000. Its offering is divided into two main products: Racional Stocks, which allows direct purchase of U.S. stocks and ETFs, and Racional Portafolios, a robo-advisor service that creates automated portfolios based on the user’s risk profile. Through an intuitive, 100% digital mobile application, Racional removes traditional entry barriers, offering the ability to buy fractional shares and automate savings in a simple way.
Is Racional a regulated platform?
Yes, Racional operates under a robust security framework that combines local and international regulations. In Chile, Racional SpA is registered as an Investment Adviser with the Financial Market Commission (CMF). It is important to note that Racional is not a broker itself, but rather acts as a technology intermediary; for operations in Chile it works with regulated local brokers such as Vector Capital. For investments in the U.S., user accounts are opened with U.S. brokers regulated by the SEC and members of FINRA, which provides SIPC insurance protection, safeguarding client assets up to USD 500,000.
What can you invest in with Racional?
Racional provides access to a universe of hundreds of financial assets. In Racional Stocks, users can invest in leading Wall Street companies (such as Apple, Tesla, or NVIDIA) and in a broad selection of global ETFs. In Racional Portafolios, users gain access to diversified strategies that include low-cost funds (ETFs) both local and international. It has two pricing models: it offers a Free Plan with 10 monthly transactions with no brokerage commission (only paying the FX spread of approximately 0.99%) and a Pro Plan (from CLP 5,990 per month) that reduces the spread to 0.49% and offers unlimited transactions, advanced tools, and dividend withdrawals at no cost.