Best ECN Raw Spread Forex Brokers in Brazil

Last updated July 30, 2026

The top regulated brokers offering ECN Raw Spread accounts to Brazil traders — compared on spreads, fees, regulators, and minimum deposit.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated by CVM (Comissão de Valores Mobiliários), Banco CentralLocal deposits: PIX, Boleto BancárioAccounts in BRL (Brazilian Real)
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Brazil

#1
IC Markets
IC Markets
Review
#2
Pepperstone
Pepperstone
Review
#3
RoboForex
RoboForex
Review
Full Comparison
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Last reviewed:
By:BrokerAnalysis Research Desk
Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Jul 2026

Our 2 top picks for ECN Raw Spread in Brazil

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for ECN Raw Spread in Brazil
IC Markets

IC Markets

Offers ECN Raw Spread
Min. deposit R$1,000
  • Offers ECN Raw Spread
  • Regulated: ASIC, CySEC, SCB
  • Minimum deposit R$1,000
ASIC, CySEC, SCB
#2 · Best alternative
Pepperstone

Pepperstone

Offers ECN Raw Spread
Min. deposit R$0
  • Offers ECN Raw Spread
  • Regulated: FCA, ASIC, CySEC
  • Minimum deposit R$0
FCA, ASIC, CySEC

Why these two

Both brokers here are confirmed to offer ECN Raw Spread for Brazil traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Brazil.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.

What are the best ECN raw spread brokers in Brazil in 2026?

The best ECN raw spread brokers for Brazil in 2026 offer spreads from 0.0 pips + commissions from $2.00/lot, true ECN/STP execution, and no dealing desk intervention.

ECN Raw Spread brokers for Brazil traders

ECN raw spread brokers offer Brazil traders true interbank pricing — spreads from 0.0 pips + transparent commissions, no markup. Our current ranking starts with IC Markets where it is available, followed by Pepperstone, RoboForex, and HFM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.

Country Offers

Available offers for Brazil traders

Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.

Browse All Promotions

IC Markets

ASIC (Australia)
Cashback / Rebate

Up to $2.50/Lot Rebate + 21% Comm Off

Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.

Verified Jun 15, 2026

HFM

FCA (UK)
Deposit Match

100% Supercharged Bonus + Daily Rebates

100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.

Verified Jun 15, 2026

RoboForex

FSC (Belize)
No-Deposit Bonus

$30 Welcome Bonus — No Deposit Needed

$30 welcome bonus for new verified accounts after a $10 card deposit on eligible MT4/MT5 accounts.

Verified Jun 15, 2026

Brazil Trading Guide

Regulator

CVM (Comissão de Valores Mobiliários), Banco Central

Legal Status

Legal - International brokers commonly used

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Key Features for Brazilian Traders

BrokerLink
IC Markets$3.50/lotR$1,000Open
Pepperstone$3.50/lotR$0Open
RoboForexNoneR$50Open
HFMNoneR$0Open
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In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

IC Markets logo
Our Rating
4.5/5.0
Best ForBest for scalping.
Min DepositR$1,000

IC Markets Review Summary

IC Markets provides true ECN execution with spreads from 0.0 pips. Excellent for scalpers.

Pros
  • Regulation varies by entity
  • Minimum deposit: R$1,000
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
Pepperstone logo
Our Rating
4.5/5.0
Best ForPro-grade execution.
Min DepositR$0

Pepperstone Review Summary

Pepperstone offers institutional-grade execution with spreads from 0.0 pips. FCA, ASIC, CySEC regulated.

Pros
  • Regulation varies by entity
  • Minimum deposit: R$0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
RoboForex logo
Our Rating
4.5/5.0
Best ForPIX + Crypto support.
Min DepositR$50

RoboForex Review Summary

RoboForex accepts PIX and crypto payments with flexible leverage options. CopyFX social trading available.

Pros
  • Regulation varies by entity
  • Minimum deposit: R$50
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
HFM logo
Our Rating
4.5/5.0
Best ForZero spread accounts.
Min DepositR$0

HFM Review Summary

HFM offers zero spread accounts with zero minimum deposit. FCA and CySEC regulated for strong protection.

Pros
  • Regulation varies by entity
  • Minimum deposit: R$0
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening

Frequently Asked Questions About ECN Raw Spread Forex Brokers in Brazil

Frequently Asked Questions

The best ECN raw brokers for Brazil in 2026 include IC Markets ($3.50/lot), FP Markets ($3.00/lot), Tickmill ($2.00/lot), and Pepperstone ($3.50/lot).
Tickmill offers $2.00/lot on their Pro account, one of the lowest in the industry. RoboForex also offers $2.00/lot. IC Markets and Pepperstone charge $3.50/lot.
For active traders, usually yes. Total cost (spread + commission) on raw accounts is typically lower. Standard accounts bake commission into the spread, which looks simpler but costs more.
Yes, ECN raw accounts are ideal for scalping — the tighter spreads and faster execution minimize entry/exit costs. Most ECN brokers explicitly allow scalping.
EUR/USD raw spreads average 0.0-0.2 pips during London/NY sessions, widening to 0.3-0.5 during Asian session. Gold: 2-5 points raw. These are before commission.
Under FCA/ESMA regulation, all retail accounts must have negative balance protection regardless of account type. Offshore ECN accounts may not have this guarantee.

Sources & References

  1. FCA
  2. CySEC
  3. ASIC
  4. BrokerAnalysis
  5. BrokerAnalysis
  6. BrokerAnalysis

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