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Verified Jun 15, 2026
Best ECN Raw Spread Forex Brokers in Brazil
Last updated September 2, 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)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
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Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
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
Offers ECN Raw SpreadMin. deposit R$1,000
- Offers ECN Raw Spread
- Regulated: ASIC, CySEC, SCB
- Minimum deposit R$1,000
ASIC, CySEC, SCB
#2 · Best alternative
Pepperstone
Offers ECN Raw SpreadMin. 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 do ECN Raw Spread brokers actually cost Brazil traders?
Across the 4 ECN Raw Spread brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.0 pips, ranging from 0.0 to 0.1 pips, with 4 of those figures taken from the broker's own published specification.
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, FXTM, and HFM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 4 brokers for Brazil traders. Local oversight for Brazil traders sits with CVM. Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. Oversight relevant to traders in Brazil sits with CVM. Locally, traders in Brazil can fund accounts through PIX at brokers that support them — a rail that is unavailable in most other markets. Brokers rarely offer BRL-denominated accounts, so traders in Brazil usually fund in USD and carry an FX conversion cost on deposit and withdrawal.
Country Offers
Browse All PromotionsAvailable 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.
Cashback / Rebate
FXTM
FCA (UK)$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Verified Jun 15, 2026
HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Jun 15, 2026
Brazil Trading Guide
Regulated by
CVM (Comissão de Valores Mobiliários), Banco Central
Legal status
Legal - International brokers commonly used
Accounts in
BRL (Brazilian Real)
Popular pairs
EUR/USD, USD/BRL, XAU/USD
Available in Brazil
PIX
Boleto Bancário
Bradesco
Itaú
Banco do Brasil
Santander Brasil
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Quick Rankings
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FIND MY BROKERKey Features for Brazilian Traders
4 brokers · how we rank
Compare essential broker features for traders in Brazil.
| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 | R$1,000 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 0.1 | R$0 | 1-2 business days | $3.50/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.1 | R$50 | 24 hours | None | Same day | 0.1 | No tier-1 licence listed | ||
| 0.0 | R$0 | 24 hours | None | Same day | 0.0 | No tier-1 licence listed |
Rank 01 · best overall
Spread
0.0
Min dep.
R$1,000
Withdrawal
24-48 hours
Commission
$3.50/lot
Open time
1 day
USDJPY
0.0
Rank 02
Spread
0.1
Min dep.
R$0
Withdrawal
1-2 business days
Commission
$3.50/lot
Open time
Same day
USDJPY
0.1
Rank 03
Spread
0.1
Min dep.
R$50
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.1
Rank 04
Spread
0.0
Min dep.
R$0
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.0
We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
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 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 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
FXTM Review Summary
FXTM offers excellent educational resources and copy trading via FXTM Invest. Multi-regulated with strong reputation.
Pros
- Regulation varies by entity
- Minimum deposit: R$50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
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.
Forex trading in Brazil: Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. The market is overseen by CVM. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.
Sources & References
- Pepperstone — published spread specification— Pepperstone (2026)
- IC Markets — published spread specification— IC Markets (2026)
- HFM — published spread specification— HFM (2026)
- FXTM — published spread specification— FXTM (2026)
- FCA Register— FCA (2026)
- CySEC Regulated Entities— CySEC (2026)
Related Broker Pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.
How we measured this — ECN Raw Spread brokers for Brazil traders
Across the 4 ECN Raw Spread brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.0 pips, ranging from 0.0 to 0.1 pips, with 4 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0 pips
- Brokers measured
- 4
- Linked to broker spec
- 4 of 4
- Data as of
- 2026-09-02
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: pepperstone.com · icmarkets.com · hfm.com · fxtm.com
What changes locally
- Oversight relevant to traders in Brazil sits with CVM.
- Locally, traders in Brazil can fund accounts through PIX at brokers that support them — a rail that is unavailable in most other markets.
- Brokers rarely offer BRL-denominated accounts, so traders in Brazil usually fund in USD and carry an FX conversion cost on deposit and withdrawal.