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Best Forex Brokers in Brazil

Finding the best forex brokers in Brazil can be a difficult process sometimes. Especially getting the ones that accept Brazilian traders and would allow one to invest in your own currency, the Brazilian real.

We’ve listed the best trading sites that would let you as a Brazilian trader, trade Indices, Forex, Stocks, ETFs, Binary Options, CDFs, and some cryptocurrencies like Ethereum and Bitcoin.

These brokers also support payment options that will allow you as a Brazilian trader to make your deposit and quick withdrawal of your profit. They provide the lowest fees and support cTrader, MT4, and MT5 trading platforms.

They also provide the best signup bonuses for new traders from Brazil, are trusted, safe, and have a long-term record in the forex world.

While recommended, forex brokers are not required to become authorized by the Securities and Exchange Commission of Brazil (CVM) to accept residents of Brazil as customers. We strongly recommend you

The Securities and Exchange Commission of Brazil is the financial regulatory body in Brazil. Website: http://www.cvm.gov.br. We recommend Brazil residents also follow the CVM on Twitter.

The CVM was established in 1976 and regulates the capital markets in Brazil, including stock exchanges, public companies, financial intermediaries, and investors. For a historical breakdown, here’s a link to the Securities and Exchange Commission of Brazil webpage on Wikipedia.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers Brazil

To find the best forex brokers in Brazil, we created a list of all brokers that list Brazil as a country they accept new customers from. We then ranked brokers by their Overall ranking.

Here is our list of the best forex brokers in Brazil.

  • IG – Best overall broker, most trusted
  • XM – The best broker with excellent customer support and fast withdrawals.
  • Saxo Bank – Best web-based trading platform
  • HotForex – Great overall, best for professionals
  • FOREX.com – Excellent all-round offering
  • XTB – Great research and education
  • eToro – Best for copy and crypto trading
  • AvaTrade – Great for beginners and copy trading

Brazil Forex Brokers Comparison

Compare Brazil authorized forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm’s ForexBrokers.com Overall ranking.

Forex BrokerAccepts BR ResidentsAverage Spread EUR/USD – StandardMinimum DepositOverallVisit Site
IGYes0.828£250.005 StarsVisit Site
Saxo BankYes0.800$2,000.005 StarsVisit Site
Interactive BrokersYes0.600$05 StarsVisit Site
FOREX.comYes1.100$100.004.5 StarsVisit Site
XTBYes0.900$0.004.5 StarsVisit Site
eToroYes1.00$10-$2004.5 StarsVisit Site
AvaTradeYes0.910$100.004.5 StarsVisit Site
Admiral MarketsYes0.8001004.5 StarsN/A
Capital.comYes0.800$20.004.5 StarsVisit Site
IC MarketsYes0.620$2004.5 StarsVisit Site
OANDAYes1.400$0.004.5 StarsVisit Site
XM GroupYes1.600$54 StarsVisit Site
FP MarketsYes1.200$100 AUD4 StarsVisit Site
TickmillYes0.270$100.004 StarsN/A
HYCMYes0.600$1004 StarsVisit Site
HotForexYes1.200$54 StarsVisit Site
VantageYes1.220$2004 StarsN/A
Moneta MarketsYes1.220$50.004 StarsN/A
VT MarketsYes1.200$2004 StarsVisit Site
EightcapYes$1004 StarsN/A
ACY SecuritiesYes1.200$504 StarsVisit Site
Trade NationYes0.60$04 StarsVisit Site
LegacyFxYes0.00$5003.5 StarsVisit Site

How to Verify CVM Authorisation

Unfortunately, the CVM does not provide a list of authorized forex brokers; however, residents can contact the CVM directly to verify authorization.

More Forex Guides

  • Best Forex Brokers
  • Best Forex Brokers for Beginners
  • Best Forex Brokers for Copy Trading
  • Best MetaTrader Brokers
  • Best Forex Trading Apps
  • Best Zero Spread Forex Brokers
  • Compare Forex Brokers

Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness of each broker based on factors such as licenses, regulations, and corporate structure. Read more about Trust Score.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more.

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