Best Forex Brokers in Brazil 2022

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Trading Forex in the Brazilian market Is highly regulated. So which brokers can you trade with as a Brazilian trader? More importantly which are the best brokers to work with? FXEmpire have conducted a list of the very best brokers in your region, conducted from in-depth research and our user reviews.

The list below represents the best forex brokers in Brazil.

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BrokerOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptooffers promotions
FP Markets
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DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

ASIC, CySEC

$100

1:30 (ASIC), 1:30 (CySEC)

MT4, MT5, IRESS, WebTrader

2005

DMA, ECN, No dealing desk, STP

AvaTrade
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71% of retail investor accounts lose money when trading CFDs with this provider

ASIC, CySEC, FSCA, FSA(JP), FSC, BVI, CBI

$100

1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:25 (FSA(JP)), 1:3500 (FSC), 1:1000 (BVI), 1:30 (CBI)

MT4, MT5, Proprietary, AvaSocial, AvaTradeGo, AvaOptions, WebTrader

2006

Market Maker

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Here’s a list of The Best Forex Brokers for trading in Greece 
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FP Markets

FP Markets

Regulated By:ASIC, CySEC

Foundation Year:2005

Headquarters:Australia

Min Deposit:$100

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DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.

FP Markets is the brokerage arm of First Prudential Markets Pty Ltd, an Australian firm that was established in 2005. In over 14 years of brokerage operations, FP Markets has grown to become a foremost online forex and CFD broker.

The Head Office is located in Sydney, Australia. The brand has won multiple industry awards in areas like; customer service, trader education and trade execution.

Pros: Cons:
  • 10,000+ tradable assets
  • Choose between 3 trading platforms
  • Competitive spread pricing on raw account
  • High spreads on the standard account
  • A range of possible additional fees
  • AU $200 minimum opening balance

AvaTrade

AvaTrade

Regulated By:ASIC, CySEC, FSCA, FSA(JP), FSC, BVI, CBI

Foundation Year:2006

Headquarters:Ireland

Min Deposit:$100

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71% of retail investor accounts lose money when trading CFDs with this provider

AvaTrade was founded in 2006 and is authorised and regulated across all six continents it operates including by the CBI, BVI FSC, ASIC, FSCA, FSA and ADGM. It is one of the oldest online forex and CFD brokers with a well-established reputation for customer support, competitive fees and spreads – all in addition to offering a large range of financial instruments, even including ETFs and FX options for those who like to diversify across assets.

Users can choose to open several different account types – Retail, Professional, Spread betting and Options. The differences are discussed in the account opening section below. Retail, professional accounts offer access to over 1,250+ financial instruments across the AvaTrade propriety web-based platform, MetaTrader 4 and MetaTrader 5. Additional platforms include DupliTrade, AvaTradeGo, AvaOptions and AvaSocial, all of which are discussed further down this review.

Pros: Cons:
  • Global regulation – CBI, BVI FSC, ASIC, FSCA, FSA and ADGM.
  • A wide selection of platforms for every type of trader including MT4/MT5.
  • Competitive spreads and fees.
  • Multilingual customer support.
  • Not available to residents in the USA and Iran.

How to Choose a Brazilian Forex Broker

The forex market doesn’t have a central marketplace, so a Brazilian trader must have a forex broker that serves him directly. Some of the key features that make a good broker are a user-friendly trading platform that matches your trading level, regulatory compliance in your jurisdiction, a trading account with excellent trading conditions and a high level of overall customer service. These features should be standard with the broker that you choose.

General Regulation & Brazilian Regulation

The Brazilian market is closely regulated, thanks to the Central Bank of Brazil. A forex transaction can only be executed if the company is licensed by the Central Bank, because the Central Bank of Brazil is responsible for all of the regulatory oversight in the region.  Furthermore the trader will have to be a resident of Brazil and have a Brazilian bank account with their deposits available in the local currency.

Due to a rocky financial environment in Brazil over the last few decades, Brazil severely tightened up control over the market. It tracked and monitored every single forex contract available, which made it an unfriendly environment for local traders and brokers alike. Then in 2005 the Central Bank loosened its control after CMN Resolution 3265, which made for a much more hospitable marketplace.

Trading Platform & Software

Brazil’s best forex brokers will provide a range of top of the line trading platforms and software that includes generic technology like the MT4 and the Sirix trader and proprietary technology that is developed especially for the broker’s traders. The platforms should be built around the trader to make sure they are easy to use and the interface is easy on the eye. They should deliver quick execution speeds and offer a number of different analysis tools. Other features to look out for are high functioning charts that are up-to-date and feature real-time quotes. Some brokers will allow you to have a free trial in the form of a demo account, before making a full commitment.

Commissions & Spreads

The most valuable areas to a forex broker is the commissions and spreads. It is a way to determine if you and the broker are a good fit. You want to make sure that you choose a forex broker that has a low spread (the total calculation between the buy and sell price). A wide spread could greatly reduce the amount of profit that you receive from each transaction. Spreads can be either floating or fixed. Floating spreads track the market prices which can work in your favour. Fixed spreads mean you always know where you stand in terms of the fees you will pay.

Account Types

Top of the line forex brokers will work to meet your trading needs by offering a variety of account types. You want make sure that the forex brokers are offering benefits that cater to Brazilian traders. Some forex brokers will provide a standard, mini, and micro account as options to residents of Brazil. Each account type comes with its own minimum deposit level and advantages. Be sure to check the conditions before you open an account.

Customer Service

It is important that the broker’s customer service be available in the native language of Brazil. If not, it could make the entire process frustrating and difficult to solve any problems that you come upon. The best Brazilian forex brokers will offer a 24/5 customer support centre, available through phone, live chat and email.

Additional Services

A professional forex broker will include additional services, such as learning resources, webinars and of course ever-updating market analysis. Some will go as far as to offer outsourced chart pattern analysis, a signal service and even a news TV channel.

Conclusion

In the creation of our list of brazils top brokers we have included hours of research into all of the above factors. We have tested the customer support, the trading platforms and analyzed the trading conditions available to you. Above all else we have considered the reliability and security features of the broker.

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