Top Brazil Brokers for 2024

We found 11 online brokers that are appropriate for Trading Brazil.

Best Brazil Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - May 01, 2024

Brazil Financial Markets

Brazil Brokers

Brazilian brokers play a critical role in the financial markets, facilitating transactions in stocks, bonds, commodities, and other financial instruments for both retail and institutional investors. If you're looking to invest in the Brazilian market, choosing the right broker is crucial. The right broker not only provides access to local markets but also navigates the regulatory landscape unique to Brazil, ensuring compliance and optimizing investment strategies. Given Brazil's dynamic economy and diverse investment opportunities, partnering with a knowledgeable broker can significantly enhance your investment experience.

Online Brazilian brokerage firms in 2024, are thriving due to their user-friendly interfaces, reduced fees, and innovative features like social trading, are a key driver of the significant increase in retail investor engagement in the Brazilian stock market. This trend is accompanied by a growing interest in personal finance, technological advancements that simplify access to investment platforms, and possibly lower interest rates diminishing the appeal of alternative investments.

Best Brazilian Brokers

IC Markets

IC Markets Platform Overview

As an experienced trader in Brazil, IC Markets is highly appealing due to its advanced trading platforms like MT4, MT5, cTrader, and TradingView. These platforms are crucial for traders who need tools capable of executing strategies with precision and speed. With IC Markets' robust infrastructure, Brazilian traders can enjoy minimal latency and fast execution, which is essential for strategies like scalping and day trading. The tight spreads across various financial instruments make it an attractive option for diversifying portfolios with Forex, commodities, and cryptocurrencies, all within a strong regulatory framework.

RoboForex

RoboForex Platform Overview

RoboForex stands out for Brazilian traders looking for flexibility and competitive trading conditions. Its high leverage and ultra-competitive spreads are particularly attractive for those looking to maximize returns in volatile markets common in Brazil. The platform's compatibility with MT4 and MT5 allows seamless trading across devices, an essential feature for traders who are on the go or rely on different devices for their trading activities. While high leverage brings higher risks, the platform's intuitive design and fast execution capabilities are well-suited for navigating the dynamic Brazilian markets.

eToro

eToro Screenshot

eToro is particularly compelling for Brazilian traders interested in social trading and leveraging the wisdom of a global community. Its CopyTrading feature allows traders to mimic the moves of successful investors, which is invaluable in Brazil's diverse market conditions. The platform's large user base and user-friendly interface make it an excellent choice for those who value community insights and easy-to-navigate trading tools, all within a regulatory framework that ensures safety and transparency for traders in Brazil.

XTB

XTB Platform Overview

For Brazilian traders focused on in-depth market analysis, XTB is an exemplary broker. Its wealth of research tools and educational resources is ideal for those looking to deepen their market understanding or refine their trading strategies. The strong regulatory environment provided by XTB adds an extra layer of confidence, allowing traders in Brazil to operate with peace of mind, knowing they're in a secure and compliant trading environment. This focus on education and regulation makes XTB a standout choice for Brazilian traders at all levels of experience.

XM

XM Screenshot

XM shines for traders in Brazil with its strong emphasis on customer support and a wide range of trading instruments. Brazilian traders, who often face unique market challenges, will find XM's responsive customer service and diverse asset offerings particularly beneficial. The regulatory oversight provided by bodies like ASIC and CySEC ensures a reliable trading environment, making XM an excellent choice for Brazilians seeking a trustworthy and versatile trading platform.

Pepperstone

Pepperstone Platform Overview

Pepperstone is highly regarded among Brazilian traders for its strong commitment to customer satisfaction and its wide range of trading instruments. The ability to trade various asset classes, from forex to commodities and cryptocurrencies, is particularly appealing in Brazil's diverse financial markets. Pepperstone's advanced trading platforms, combined with regulatory oversight from FCA and ASIC, ensure that Brazilian traders have access to a reliable, secure, and technologically advanced trading environment. This makes Pepperstone an ideal choice for traders in Brazil looking for a broker that can provide a wide range of trading options while upholding the highest standards of service and regulatory compliance.

AvaTrade

AvaTrade Screenshot

AvaTrade stands out for Brazilian traders with its versatile trading solutions and a wide array of funding and withdrawal options, catering to the diverse needs of traders in Brazil. The mobile app AvaTradeGo and the social trading platform AvaSocial offer convenience and the opportunity to engage with a community of traders, which is highly valued in the Brazilian trading community. The commission-free structure, combined with a broad selection of trading instruments, makes AvaTrade an attractive option for Brazilian traders looking for flexibility and cost-efficiency in their trading operations.

FP Markets

FP Markets Screenshot

FP Markets is particularly appealing to Brazilian traders who prioritize cutting-edge technology and a wide range of trading options. The enhanced features of MetaTrader 4 and 5, tailored for efficiency, align well with the sophisticated demands of Brazilian traders. Competitive spreads and a comprehensive array of trading instruments make FP Markets a go-to broker for traders in Brazil looking to tailor their trading strategies with precision, ensuring they can navigate the dynamic and diverse financial markets of Brazil effectively.

Brazil Financial Market

The Brazilian financial market is a dynamic and integral part of the country's economy, offering a variety of investment opportunities. It includes the B3 (Brasil Bolsa Balcão), the country's main stock exchange, which facilitates trading in stocks, bonds, commodities, and derivatives.

This market is regulated by the Comissão de Valores Mobiliários (CVM), ensuring transparency and investor protection. Brazil's financial market is known for its volatility, influenced by domestic economic indicators, political stability, and global economic trends.

The market provides diverse investment options, from traditional stocks and bonds to more complex financial instruments like futures and options. It has seen significant growth in recent years, driven by technological advancements that have improved access and trading efficiency.

The Brazilian financial market also features a well-developed banking sector and a growing fintech industry, offering innovative financial services and enhancing financial inclusion.

B3 (Brazil Stock Exchange)

B3 emerges as the leading stock exchange in Latin America, distinguished by its unparalleled market capitalization. This prominent financial institution emerged in 2017, marking the successful consolidation of CETIP S.A. and BM&FBovespa. The latter was established through the merger of two pivotal Brazilian financial entities in 2008: the Brazilian Mercantile and Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa).

With its headquarters in São Paulo and additional offices strategically located in Rio de Janeiro, Shanghai, and London, B3 is recognized as the 18th largest stock exchange globally. The primary indicator of market performance for B3 is the IBOVESPA index, a broad market capitalization-weighted index. Furthermore, the exchange also features the IBRX 100 and IBRX 50 indices, which monitor the performance of the 100 and 50 most actively traded stocks on B3.

Brazil Stock Market

Characterized by its vibrant activity and diversity of listed companies, the Brazilian stock market reflects the dynamic nature of the country's economy, spanning various sectors such as energy, agriculture, finance, and technology. It plays a pivotal role in facilitating capital raising for businesses while offering investors a platform to achieve portfolio growth and diversification.

Investors in the Brazilian stock market can participate through direct stock purchases, mutual funds, and exchange-traded funds (ETFs), among other instruments. Despite facing challenges such as volatility and political uncertainty, the market has shown resilience, attracting both domestic and international investors drawn by the potential for high returns in a growing economy.

Trading With Brazilian Brokers

Trading with Brazilian brokers can provide access to the Brazilian market, but it's important to choose a reputable broker. Brazilian brokers are regulated by Comissão de Valores Mobiliários (CVM), the Brazilian Securities and Exchange Commission. If considering an international broker, ensure they have strong regulations in a reputable jurisdiction.

Choosing a Brazilian Broker:

Here are some key factors to consider when choosing a Brazilian broker:

Aspect Advantages Disadvantages
Market Access Trading from Brazil provides access to diverse global financial markets, including major stock exchanges, forex markets, and commodities. This diversity allows Brazilian traders to capitalize on a wide range of investment opportunities and hedge against local economic fluctuations. Time zone differences can pose challenges, as peak trading hours for major markets like the NYSE or LSE might coincide with late night or early morning hours in Brazil. This requires adjustments to personal schedules or reliance on automated trading systems.
Regulatory Environment Brazil's regulatory framework, overseen by CVM (Comissão de Valores Mobiliários), provides a stable environment for trading. The regulations are designed to protect investors and ensure market integrity, which is reassuring for those engaging in international trading. Brazilian traders may face challenges related to compliance with both local and international regulations. This can include navigating different tax obligations, reporting requirements, and understanding the regulatory nuances of each market they participate in.
Currency Exchange Trading in global markets offers Brazilian traders the opportunity to benefit from currency exchange fluctuations. Profits can be significantly amplified when converting returns from stronger currencies like the USD or EUR back to BRL, especially in times of favorable exchange rates. Currency exchange risk is a significant factor, as fluctuations in the BRL relative to other currencies can erode profits or amplify losses. Additionally, transaction costs associated with currency conversion can impact overall profitability.
Diversification Participating in global financial markets allows for extensive portfolio diversification beyond what is available in the Brazilian market. This can help in reducing risk and improving the risk-reward ratio of investment portfolios. Achieving effective diversification requires in-depth knowledge of multiple markets and their specific risks, including geopolitical factors, currency risk, and different economic cycles, which can be complex and time-consuming to manage.
Technological Infrastructure Brazil's improving technological infrastructure supports advanced trading platforms and tools, enabling traders to execute sophisticated strategies and real-time analysis comparable to global standards. Despite improvements, some areas in Brazil may still face issues with internet connectivity and speed, which can impede trading activities, especially those requiring real-time data and swift execution.
Liquidity and Volatility Global markets generally offer higher liquidity and volatility, which can be advantageous for day trading and short-term strategies, allowing Brazilian traders to capitalize on quick price movements. High volatility in global markets can also increase the risk of significant losses, especially for those not experienced with risk management strategies suitable for such environments.

It's important to do your research and choose a Brazilian broker that is well-regulated and offers a platform that suits your trading needs.

Is Forex Trading Legitimate In Brazil?

Yes, forex trading itself is lawful in Brazil. However, trading Contracts for Difference (CFDs) on forex carries additional risks compared to traditional forex trading. CFDs are complex instruments and there is a high risk of losing capital while trading them. Before considering CFD trading, be sure you understand how CFDs function and carefully assess if you can afford the high risk involved. If you are aware of the risks and have developed sound trading strategies, forex trading can offer potential for earning revenue.

IC Markets Forex trading in Brazil

eToro Forex trading available in Brazil

Brazilian Retail Investor User Accounts

IC Markets trading account registration in Brazil

Retail investor user accounts are personal accounts offered by reputable brokers. They are commonly used by smaller investors seeking access to international capital markets. It's important to be aware that many retail investors lose capital when trading CFDs with brokers. Therefore, always ensure you understand the risks and can afford potential losses before starting your trading journey.

Mobile App Trading in Brazil

The evolution of mobile technologies has revolutionized Forex trading, making it more convenient and accessible than ever before. Traders in Brazil can now access international markets, track orders, and receive market news directly on their smartphones or tablets. This mobility is particularly valuable because Forex markets operate 24/5, with some brokers even offering limited weekend trading opportunities.

To trade while on the move, Brazilian investors should choose a Forex broker that offers mobile trading and ensure they have a compatible smartphone or tablet (Android or iOS are the most common). While some less popular devices might have options, reliable trading apps are more readily available for mainstream devices.

For smooth trading and fast order execution, a stable Wi-Fi connection is recommended. Downloading the mobile app is usually free and takes just a few minutes. Many reputable brokers offer apps with features like free streaming quotes, market news, and charting tools.

When choosing a mobile trading app, prioritize a user-friendly interface and fast performance, as forex quotes can change rapidly. Remember, major currency pairs are highly volatile and react to global news around the clock.

XTB mobile trading app available in Brazil

eToro mobile trading apps available in Brazil

Choosing A Brazilian Forex Broker

Since the Forex market lacks a central location, Brazilian traders rely on Forex brokers to access the market. Here are some key features to consider when choosing a reputable Brazilian Forex broker:

Brazilian Regulation vs General Regulation

brazilian broker regulation Banc central do Brasil

CVM brazilian financial sector regulatory structure

The Central Bank of Brazil closely regulates the Brazilian market, requiring corporations involved in Forex transactions to be authorized by the Bank. This is because the Central Bank is responsible for all regulatory oversight within the area. Additionally, traders must be residents of Brazil and have a local bank account with deposits in the local currency.

In recent decades, Brazil's tumultuous financial situation led to strict regulations across the market. The Central Bank maintained strict oversight of all Forex contracts, creating a challenging environment for brokers and traders. However, in 2005, CMN Resolution No. 3265 eased these restrictions, fostering a more hospitable environment.

Types Of Trading Accounts Available In Brazil

First-rate Forex brokers will make an effort to cater to their clients' trading needs by providing different types of accounts. However, for Brazilian traders, it's crucial to ensure the chosen broker offers perks specifically suited to Brazilian regulations and tax requirements. Some brokers might offer account types like mini, standard, and micro-accounts specifically for Brazilian residents.

Each account type has its own benefits and minimum deposit requirement. These can vary depending on the broker and the features offered (e.g., trade sizes, margin trading availability). It's essential to carefully review the terms and conditions before opening an account with your chosen broker. Additionally, be aware of any specific regulations or restrictions that might apply to Brazilian trading accounts compared to accounts offered in other countries.

Extra Trading Services Available In Brazil

Professional Forex brokers available in Brazil often offer extra services to enhance your trading experience. These may include educational resources, such as webinars and market analysis tools. Some brokers even provide trading recommendations, outsourced chart pattern analyses, webinars, tutorial libraries and access to financial news television channels.

Brazil Brokers: A Regulated Market with Nuances

Brazil's business environment offers a secure framework for financial activities, but there are also challenges to consider. When investing in Brazilian markets, finding a trustworthy and well-regulated broker is crucial.

The Brazilian financial sector is subject to strict regulations by the Central Bank of Brazil (https://www.bcb.gov.br/en). This ensures a level of security and stability for investors. Additionally, Brazil's strong trade partnerships with major economies like the United States, Germany, and China contribute to its financial integration.

While São Paulo, the country's financial capital, boasts a long history as a financial center, it's important to note that Rio de Janeiro is not typically considered a major financial hub.

Over the past three decades, Brazil's financial sector has undergone significant restructuring and deregulation. This has modernized key institutions like the B3 – Brasil Bolsa Balcão S.A. (the Brazilian Stock Exchange and Over-the-Counter Market) (https://www.b3.com.br/en_us/), along with the insurance, banking, shipping, and commodity markets. The Ibovespa Index, a major stock market index, also reflects these changes.

The B3, as mentioned, is the primary platform for trading listed stocks, government bonds, options contracts, currencies, futures contracts, and various commodities.

Overall, Brazil presents a regulated and integrated financial market, but in-depth research and choosing a reliable broker are essential for successful investing.

Best Brazil Brokers

We have conducted extensive research and analysis on over multiple data points on Brazil Brokers to present you with a comprehensive guide that can help you find the most suitable Brazil Brokers. Below we shortlist what we think are the best brazil brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Brazil Brokers.

Trading in Brazil

When trading in Brazil you will need to chec what your options with your Brazil trading broker are.

We list below the various regulated trading account types available to traders in Brazil. If you are looking for a trading platform or broker in Brazil that are suitable for trading in Forex, CFD's, indices, stocks, and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this Brazil broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Brazil

You've probably noticed how Forex trading is really taking off in Brazil, right? Over the past half-dozen years or so, the trading volume in Brazil has been on a steady climb. It's like everyone in Brazil is getting in on the action. But traders in Brazil must understand the risks.

Across the world $7.5 trillion USD in volume is traded every single day. Commodities global trading volume is around $380 million USD a day. Global stock markets trading volume is around 460 million USD a day.

Modern software, more affordable mobile devices in Brazil and higher internet uptake in Brazil has increased competition for new trading clients among brokerages in Brazil, which has opened Forex trading to a new audience.

Is Forex Trading Legal in Brazil?

There's this common myth floating around that diving into Forex trading in Brazil is illegal, this is not the case, but Forex trading in Brazil is risky. Forex trading in Brazil is not a get rich quick scheme, you will be competing with people not just in Brazil, but all over the world. The key, though, is to be smart about it. You have to choose a broker in Brazil that's not just reputable but also strictly regulated and allowed to offer services to traders in Brazil.

Trading in Forex is allowed in Brazil as businesses dealing internationally must exchange currency. Forex is an integral part of import and export in Brazil and investing internationally. Brazil Forex trading is not banned, their are many top-notch international online brokers available to traders in Brazil offering regulated trading environments.

Do Forex Traders Pay Tax in Brazil?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Brazil the trader should make sure all taxes owed for a financial year are paid. Just a heads up about the tax situation here in Brazil. You've must file taxes in Brazil even if the markets chewed you up and you spat out losses this year. Also in Brazil you can't claim any trading losses against your personal income taxes, unfortunately. Don't just wing it - get yourself some solid advice from a qualified tax pro in Brazil who knows the ins and outs of the tax labyrinth in Brazil. In Brazil, Islamic accounts are not restricted.

Cryptocurrencies in Brazil

Here in Brazil, the crypto scene is still pretty new, and cryptocurrency in Brazil is getting more and more tangled up in the local financial regulatory rule in Brazil. The thing about cryptos is, they operate on this decentralized model, right? So, unlike our traditional currency markets in Brazil, they're not as rattled by interest rate shifts or the political drama in Brazil that's always on the news. Crypto in Brazil is a different beast altogether.

You know, with the surge of younger traders in Brazil, who are not only tech-savvy but also starting to speculate with decent money in Brazil, there's a noticeable shift happening in Brazil towards the crypto market (which is highly volitle and high risk in Brazil). Cryptocurrency traders in Brazil contribute to the $20 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Brazil

In Brazil commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Brazil since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Brazil are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Brazil here.

Islamic Accounts in Brazil

Brazil brokers support Islamic accounts or swap-free accounts. Brazil Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Brazil offer accounts that are suitable for Islamic traders. These Brazil brokers complies with Sharia law.

Benefits of Trading in Brazil

Brazil economy and population is growing. The middle class population in Brazil is increasing which means a growing consumer base. Many business and financial opportunities exist in Brazil. Brazil has a young population educated in technology and the internet.

Concerns of Trading in Brazil

Brazil digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Brazil guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Brazil Brokers offering high leverage trades in Brazil can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Brazil brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Brazil Brokers Checklist

Selecting a reliable and reputable online Brazil trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Brazil more confidently.

Selecting the right online Brazil trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Brazil broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Brazil Brokers in Our Brokerage Comparison Table

When choosing a broker for brazil trading, it's essential to compare the different options available to you. Our brazil brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a brazil broker that best suits your needs and preferences for brazil. Our brazil broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Brazil Brokers of 2024 compared

Here are the top Brazil Brokers (BR).

Compare brazil brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a brazil broker, it's crucial to compare several factors to choose the right one for your brazil needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are brazil brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more brazil brokers that accept brazil clients.

Broker IC Markets eToro XTB XM Pepperstone FP Markets NordFX EasyMarkets SpreadEx FXPro Plus500
Rating
locality IC Markets accept Brazil clients eToro accept Brazil clients XTB accept Brazil clients XM accept Brazil clients Pepperstone accept Brazil clients FP Markets accept Brazil clients NordFX accept Brazil clients easyMarkets accept Brazil clients SpreadEx accept Brazil clients FxPro accept Brazil clients Plus500 accept Brazil clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Min Deposit 200 100 No minimum deposit 5 200 100 1 100 1 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 10,000+ 10,000+ 142,500+ 10,000+ 1,866,000+ 24,000,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
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  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
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  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
  • Live chat
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Risk Warning Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 75-95 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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All Brazil brokers in more detail

You can compare Brazil Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Brazil Brokers for 2024 article further below. You can see it now by clicking here

We have listed top Brazil brokers below.

Brazil Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 24000000+ traders. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest .


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA

Learn more Learn more about IC Markets.
Losses can exceed deposits
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Losses can exceed deposits