6 Best Forex Brokers in Brazil for 2026

Founded in 2006, my live testing showed that FxPro is the best overall broker for traders in Brazil. I found that there is a website and customer support in Portuguese, high leverage up to 1:200, and an excellent range of trading platforms, including MT4, MT5, cTrader, TradingView, and the broker’s own FxPro WebTrader and FxPro Mobile app, to trade on over 2,100 instruments.

Regional Features:

• Entity for Brazilian Residents: FxPro Markets CR SRL, a subsidiary of FxPro Group Ltd, regulated by SCB Bahamas 
• Maximum Leverage: 1:200
• Website in Portuguese: Yes
• Customer Support in Portuguese: Yes

One of FxPro’s standout features is the quality and diversity of trading platforms available, which I found cater to short-term, long-term and algorithmic trading styles. Social traders can use the TradingView platform, which is my favourite due to how easy it is to use. Algo traders can use the MT4/MT5 platforms, which do require a steeper learning curve. I also like the cTrader platform for short-term trading and copy trading. I found the FxPro WebTrader platform can be a good fit for most traders, as it has a user-friendly layout with useful tools like built-in market research and news. 

For traders in Brazil, there are several account options including MT4/MT5 Standard, MT4/MT5 Raw+, MT4/MT5 Elite and cTrader. I found the Raw+ account offers the best value, with the spread on EUR/USD averaging 0.2 pips and a commission of $7 per round turn, per lot – which is higher than the industry average but does provide better value than the Standard commission-free account. With access to helpful market research and the FxPro Squawk news service, I find FxPro is a top broker to consider. 

If you’re a cost-conscious trader in Brazil, looking for the lowest spreads, then FP Markets could be for you. Founded in 2005, I found over 10,000 instruments available to trade on from 5 trading platforms, and better trading costs than the industry average on the broker’s Standard account, alongside zero fees for deposits, withdrawals, and inactivity.

Regional Features:

• Entity for Brazilian Residents: FP Markets LLC, registered in St. Vincent & the Grenadines, not regulated
• Maximum Leverage: 1:500 
• Website in Portuguese: Yes
• Customer Support in Portuguese: Yes

During my live fee test, I found the spreads on minor currency pairs, commodities, indices and share CFDs for the commission-free Standard account were much better than the industry average. The most competitive are on European and US indices, which came in 3 times lower than the industry average. The spread on EUR/USD was higher than the industry average, though.

I also found that FP Markets offers a Raw account, which has lower spreads but a commission per trade. On this account, I found the spread for EUR/USD averaged 0.2 pips with a commission of $6 per lot, for a round turn, which is better than the industry average. The overnight swap fees on both accounts are also very competitive and a good option for longer-term swing traders. With access to competitive fees, Autochartist trading signals, regular live trading webinars and podcasts, FP Markets is a top broker to consider for all styles of trading.  

If you like to trade on the move and are seeking the best mobile trading app, I found FXTM is one of the best options for traders in Brazil. Founded in 2011, my testing found over 1,460 CFDs and real stocks available from the MT4, MT5 and FXTM app, which has charts powered by TradingView and AI-powered trading signals from Acuity. 

Regional Features:

• Entity for Brazilian Residents: Exinity Limited, regulated by the FSC of Mauritius.
• Maximum Leverage: 1:2000 
• Website in Portuguese: No
• Customer Support in Portuguese: No

During my live test, I found the FXTM app is an excellent update on the MT4/MT5 mobile apps FXTM also provides to its clients. Firstly, the charts are powered by TradingView, offering clean, responsive charting with over 110 drawing tools and technical analysis indicators and are great for technical analysis traders who trade on the move. 

I also found some additional features in the app which are useful, such as the ability to track trader sentiment of different markets. This shows how many of FXTM’s clients are long or short a market, which can be useful in identifying overbought and oversold conditions due for a reversal. The built-in economic calendar and live market news are also useful for reacting to market-moving announcements. With access to high leverage up to 1:3000, robust market research and extra, useful trading tools, FXTM is a top broker to consider.

Founded in 2019, I found that Errante is the best forex broker for traders in Brazil who prefer to use all the features the MetaTrader 4 (MT4) platform provides. I discovered that over 160 CFD instruments are available from the MT4, MT5, cTrader and TradingView platforms, with extra MT4 features like VPS hosting for automated trading.

Regional Features:

• Entity for Brazilian Residents: Errante Securities (Seychelles) Limited, regulated by FSA Seychelles
• Maximum Leverage: 1:500 
• Website in Portuguese: Yes
• Customer Support in Portuguese: No

The MT4 platform has been the gold standard in forex trading for decades due to the high level of customisations available. I found that Errante offers the MT4 desktop, web and mobile apps. The desktop version offers the most features, like one-click trading, 30 built-in technical analysis indicators, 24 drawing tools and 9 timeframes, but has the steepest learning curve. It’s also the version that allows for automated trading using Expert Advisors, which you can create yourself or purchase from the MetaTrader Market and works well with the broker’s VPS service. 

For beginners, my experience is that the web version is the easiest to trade from, as well as the mobile app. Both offer the same features as the desktop platform but without the customizability or automated trading options. I like the MT4 app as it’s easy to perform technical analysis while on the move and execute and manage trades efficiently. I also found the broker’s vast suite of educational resources useful for all types of traders, especially the MetaTrader tutorials which are in-depth and well structured.

Established in 2009, I found that Vantage is the best forex broker in Brazil for beginner traders. My live testing showed the ability to trade over 1,000 CFDs from a beginner-friendly Vantage Web Trading and Mobile App, alongside MT4, MT5 and TradingView, with access to an extensive suite of educational resources and an enhanced copy trading environment. 

Regional Features:

• Entity for Brazilian Residents: Vantage Global Limited, regulated by the VFSC in Vanuatu.
• Maximum Leverage: 1:500 
• Website in Portuguese: Yes
• Customer Support in Portuguese: Yes

I found that Vantage’s standout feature is the Vantage Academy, which provides a comprehensive 360-degree coverage of trading the financial markets through articles, videos, live webinars, platform tutorials, e-books and courses. For beginner traders, I recommend starting with the online trading course ‘Forex Beginner’ and then work through the library of over 270 recorded webinars, participate in the live trading webinars each week and practice on the Vantage demo trading account.

In my live test, I also found that the Vantage app is great for beginner and advanced traders. It’s far better than the MT5 app and much easier to use with cleaner, more responsive charts and built-in market research and news. 

I enjoyed exploring the built-in copy trading feature as I found over 90,000 signal providers available to copy. Finding the right signal provider to copy based on your own criteria is also easy due to the performance statistics available and the different categories Vantage provides, like the ‘Top 20 Performing Signal Providers of the Week.’ Overall, Vantage is a top broker to consider.

Established in 2006, I found that AvaTrade offers the best range and diversity of trading platforms for forex traders in Brazil. During my live test, I discovered the ability to trade over 1,450 CFDs from the MT4, MT5, Ava Web Trader, AvaTrade App, AvaOptions, AvaSocial and DupliTrade platforms, alongside other unique risk management tools and market research from Trading Central. 

Regional Features:

• Entity for Brazilian Residents: AvaTrade Markets Ltd, regulated by the BVI FSC 
• Maximum Leverage: 1:400 
• Website in Portuguese: Yes
• Customer Support in Portuguese: No

During my examination, I was impressed with AvaTrade’s proprietary platforms available, outside the traditional MT4/MT5 platforms, which are good for automated traders but not that user-friendly. I found that the AvaTrade Web Trader platform is user-friendly, has a clean, easy-to-navigate interface and comes with unique tools such as integrated educational content, trading signals from Trading Central, screeners to find the top risers and fallers quickly and sentiment indicators for each instrument. 

After using the AvaOptions app, I discovered you can place call and put options on over 40 currency pairs and utilise a multitude of options strategies like straddles, strangles, bull/call spreads, risk reversals and more. Options are unique as no stop loss is required, because the risk is the premium paid up front, which I find can be useful in choppier, low-liquidity markets where stop-loss hunting can occur. 

I was also impressed with the AvaSocial and DupliTrade copy trading platforms, as you can view detailed performance statistics of different traders and copy their trades onto your own account at the click of a button.