Best Forex Brokers in Brazil 2019

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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.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Alpari

Regulated By:

FSC

Foundation Year
1998
Headquarters:

N/A

Min Deposit
$null
Visit Broker

Your capital is at risk

AvaTrade

Regulated By:

ASIC, BVI, FSA(JP), FSB

Foundation Year
2006
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

FBS

Regulated By:

CySEC, IFSC

Foundation Year
2009
Headquarters:

N/A

Min Deposit
$1
Visit Broker

Your capital is at risk

eToro

Regulated By:

ASIC, CySEC, FCA

Foundation Year
2007
Headquarters:

N/A

Min Deposit
$200
Visit Broker

76% of retail investor accounts lose money

ATFX

Regulated By:

FCA

Foundation Year
2014
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your Capital is at Risk

FP Markets

Regulated By:

ASIC

Foundation Year
2005
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

Bellow you can find a comparison table of all the best Forex brokers in Brazil

Scroll for more details
Broker
Rating
Regulations
Headquarters Country
Foundation Year
Min Deposit
Max Leverage
Trading Platforms
Publicly Traded
Restricted Countries
Trading Desk Type
Currencies
Commodities
Indices
Stocks
Cryptocurrency
ETFs
Bonds
Futures
Options
Mutual funds
Deposit
Withdrawal
Commission on trades
Fixed spreads
OS Compatibility
Mobile trading
promotions
Visit Broker
FSC

Mauritius

1998

$null

1:1000

MT4, MT5

No

United States

ECN, STP

Yes

Yes

Yes

Yes

No

No

No

No

No

No

Credit Card, FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

FasaPay, Neteller, OKPay, Skrill, Webmoney, Wire Transfer

Yes

Yes

N/A

N/A

No
Open Account

Your capital is at risk

ASIC, BVI, FSA(JP), FSB

Ireland

2006

$100

1:400

ActTrader, MT4

No

United States

Market Maker

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

CySEC, IFSC

Russian Federation

2009

$1

1:3000

MT4, MT5

No

Russian Federation, United States

ECN, No dealing desk, STP

Yes

No

No

No

Yes

No

No

No

No

No

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer

No

Yes

N/A

N/A

No
Open Account

Your capital is at risk

ASIC, CySEC, FCA

Cyprus

2007

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, ZuluTrade

No

Canada, Indonesia, Iran, Isle of Man, Israel, Jamaica, Japan, Niger, North Korea, Sweden, Syria, Trinidad and Tobago, Turkey, United States

Market Maker, No dealing desk, STP

Yes

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer

Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer

Yes

No

N/A

N/A

No
Open Account

76% of retail investor accounts lose money

FCA

United Kingdom

2014

$100

1:200

MT4

No

Bosnia and Herzegovina, Canada, Cuba, Ethiopia, Iran, Iraq, Japan, Mexico, North Korea, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Turkey, United States, Vanuatu, Yemen

No dealing desk, STP

Yes

Yes

Yes

Yes

Yes

No

No

No

No

No

Credit Card, Neteller, Skrill, Wire Transfer

Credit Card, Neteller, Skrill, Wire Transfer

Yes

No

N/A

N/A

No
Open Account

Your Capital is at Risk

ASIC

Australia

2005

$100

1:500

MT5

No

Japan, New Zealand, Niger, North Korea, United States

DMA, ECN

Yes

Yes

Yes

Yes

Yes

Yes

No

No

No

No

Cash-U, Credit Card, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer

Credit Card, FasaPay, Neteller, PayPal, Skrill, Wire Transfer

No

No

N/A

N/A

No
Open Account

Your capital is at risk

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.