7 Best Forex Brokers in Brazil for 2026
Looking for the top broker in Brazil? After testing 80 brokers this year, our experts have identified the 6 best options tailored to diverse trading needs, complete with practical tips.
To find the best forex broker in Brazil is a challenging task as the country’s regulators, the Banco Central do Brasil (BCB) and the Comissão de Valores Mobiliários (CVM), prohibit local brokerages from offering retail traders leveraged accounts. However, there are some international brokers that are regulated by top-tier authorities in other countries that offer services to traders in Brazil.
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As our team has been reviewing these forex and CFD brokers every year since 2011, we have a good understanding of which brokers are best to trade with and which you should avoid. With this information and my 18 years of trading experience, I have identified the 6 best forex brokers for traders in Brazil and listed them below.
List of Top Forex Brokers in Brazil
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% 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 money. (EU, UK) |
ActivTrades | 4.3 | 3.4 | $0 | 1:30 (CMVM) 1:200 (BCB) · 1:200 (SCB) · 1:400 (FSCM) · 1:30 (FCA) | MT5, MT4, ActivTrader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
FXTM | 4.0 | 2.7 | $30 | 1:2000 (CMA) 1:3000 (FSCM) | MT5, MT4, FXTM Trader App | Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/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. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence. |
Vantage | 4.6 | 4.4 | $50 | 1:1000 (FSCA) 1:1000 (CIMA) · 1:30 (ASIC) · 1:30 (FCA) · 1:2000 (VFSC) · 1:1000 (FSCM) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
Errante | 4.2 | 3.6 | $50 | 1:30 (CySEC) 1:1000 (FSA) | MT5, cTrader, MT4, TradingView, Errante App | FX and CFDs trading involves a high risk of loss |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% 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 money. (EU, UK) |
ActivTrades | 4.3 | 3.4 | $0 | 1:30 (CMVM) 1:200 (BCB) · 1:200 (SCB) · 1:400 (FSCM) · 1:30 (FCA) | MT5, MT4, ActivTrader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
FXTM | 4.0 | 2.7 | $30 | 1:2000 (CMA) 1:3000 (FSCM) | MT5, MT4, FXTM Trader App | Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/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. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence. |
Vantage | 4.6 | 4.4 | $50 | 1:1000 (FSCA) 1:1000 (CIMA) · 1:30 (ASIC) · 1:30 (FCA) · 1:2000 (VFSC) · 1:1000 (FSCM) | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. |
Errante | 4.2 | 3.6 | $50 | 1:30 (CySEC) 1:1000 (FSA) | MT5, cTrader, MT4, TradingView, Errante App | FX and CFDs trading involves a high risk of loss |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did I Select the Best Brokers in Brazil?
- I ensured that each broker is authorized and licensed by a reputable financial authority to provide forex trading services, as I find the safety of trading with a broker to be the most important factor.
- I checked that each broker does accept clients from Brazil and explored the availability of local services like customer support and a website in Portuguese, as well as deposit and withdrawal options in Brazilian Reals (BRL).
- I also tested the quality of each broker’s trading platforms, the competitiveness of fees from a live trading account, and other features that can provide a supportive trading experience, like market research, diversity of instruments, and educational resources.
Now let’s delve into the selected brokers.
Best Overall
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
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.
Pros and Cons
- Multiple account types
- Diverse range of platforms
- FxPro Squawk news
- Trading Central research
- FxPro Trading Platform is only available in the English language
Best for Day Trading
- $0Min Deposit
- 1614Tradable Instruments
- HighFees
What we tested & measured
If you are an active day trader in Brazil and looking for a convenient, low-cost broker with the right tools and services, then look no further than ActivTrades. Besides its targeted offering for day traders, ActivTrades’ greatest leg up on other brokers is that it is locally regulated by Brazil’s Central Bank, which ties it more closely to the local trading scene.
Regional Features:
- Entity for Brazilian Residents: ActivTrades Corretora de Câmbio, Títulos e Valores Mobiliários Ltda., licensed and regulated by the BCB (Brazil)
- Maximum Leverage: 1:200
- Website in Portuguese: Yes
- Customer Support in Portuguese: Yes
ActivTrades serves day traders with its universal trading account, featuring an all-inclusive spread from 0.9 pips and no commissions. The account type is quite affordable, given that it has no minimum deposit requirement. I also found the onboarding process quite fast and easy.
Once you get your account with ActivTrades fired up, you will be able to access a wealth of research content specifically aimed at day traders. The broker publishes high-quality market reviews on a daily basis to help you keep your ears peeled for the latest market developments. ActivTrades also offers actionable trading signals from Trading Central to help you catch the next best trading opportunity as it unfolds.
The other thing I really enjoyed about ActivTrades was its proprietary platform. The web-based ActivTrader stands out for its polished interface and high-definition charts, enabling day traders to spot even the smallest setups with relative ease. And the cherry on top – the platform features a progressive trailing stop order. The tool is unique to ActivTrades and enables day traders to squeeze maximum returns even in highly volatile market environments.
Pros and Cons
- Locally regulated by the BCB
- No minimum deposit
- Competitive fees
- Versatile ActivTrader with progressive trailing stop order
- No crypto CFDs
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
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.
Pros and Cons
- Competitive trading fees
- Multiple trading platforms
- Trading Central, Autochartist plugins
- Raw ECN accounts
- Traders in Brazil can only open an account with an unregulated entity
Best Trading App
- $30Min Deposit
- 602Tradable Instruments
- HighFees
Why We Picked It
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.
Pros and Cons
- User-friendly trading app
- Charts powered by TradingView
- Trading signals from Acuity
- High leverage up to 1:3000
- High spreads
Best for Beginners
- $50Min Deposit
- 1056Tradable Instruments
- LowFees
Why We Picked It
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.
Pros and Cons
- Vantage Academy
- Free online courses
- Commission-free trading
- Copy trading app
- Customer support can be slow during busy hours
Best MT4
- $50Min Deposit
- 167Tradable Instruments
- HighFees
Why We Picked It
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.
Pros and Cons
- MT4 desktop, web and mobile
- Additional platforms available
- VPS hosting
- MetaTrader tutorials
- Limited market research content
Best Trading Platform Selection
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
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.
Pros and Cons
- Large range of trading platforms
- Options trading app
- Copy trading app
- Trading Central signals
- Limited payment methods
All the Brokers We Tested
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About the Authors
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.