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Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via partner codes. Premier clients earn 200-600 EXD.
Verified Jun 15, 2026
Best Forex Brokers in Brazil
Last updated August 2, 2026
Compare the top regulated forex brokers accepting traders from Brazil. Verified for 2026.
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
Personalized broker matching
Need a faster shortlist than reading every Brazil page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Brazil
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best overall in Brazil
XM
Used in Brazil8.6
BrokerAnalysis score
BRL local funding
- 15M+ clients, Portuguese education
- $5 minimum with micro accounts
- Reliable withdrawals
CySEC + ASIC + DFSA
You contract with: Trading Point of Financial Instruments
#2 · Best alternative
Exness
Used in Brazil9.0
BrokerAnalysis score
BRL via Pix, instant
- BRL funding via Pix, instant settlement
- Deep liquidity, low spreads
- $10 minimum, unlimited-leverage options
FCA + CySEC + FSCA
You contract with: Exness (SC) Ltd
Why these two
In Brazil the Pix rail is decisive. Exness settles BRL via Pix instantly; XM adds Portuguese education and a low entry point. Libertex and RoboForex both self-exclude Brazil, so they're not shown. These are offshore brokers, not CVM-authorised.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. These brokers serve local clients via offshore entities. Trade only what you can afford to lose.
What is the best forex broker in Brazil for 2026?
XM is the top-ranked forex broker for Brazilian traders in the current BrokerAnalysis ranking where it is available. Compare it with Exness, IC Markets, and FXTM for local payment methods, account terms, regulation, and platform fit before opening an account.
Trading Forex in Brazil
Forex trading in Brazil is regulated by CVM and Banco Central. Our current ranking starts with XM where it is available, followed by Exness, IC Markets, and FXTM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
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
IC Markets
ASIC (Australia)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
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
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
16 brokers · how we rank
Compare essential broker features for traders in Brazil.
| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 1.6 | R$25 | 24 hours | None | Same day | 1.4 | No tier-1 licence listed | ||
| 1.0 | $10 | Instant | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.0 | R$1,000 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 0.1 | R$50 | 24 hours | None | Same day | 0.1 | No tier-1 licence listed | ||
| 0.9 | R$500 | 1-2 business days | None | 1-3 days | 1.0 | No tier-1 licence listed | ||
| 0.0 | R$0 | 24 hours | None | Same day | 0.0 | No tier-1 licence listed | ||
| 0.7 | R$5 | 15-20 minutes | None | Same day | 0.8 | 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 | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 0.6 pips | $100 | 1-2 business days | None (spread-based) | — | — | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
 | 0.0 pips (Raw) | $100 | Same day to 1 business day | — | — | — | ASIC (Australia)CySEC (Cyprus)SVG FSA |
Rank 01 · best overall
Spread
1.6
Min dep.
R$25
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
1.4
Rank 02
Spread
1.0
Min dep.
$10
Withdrawal
Instant
Commission
None
Open time
Same day
USDJPY
1.0
Rank 03
Spread
0.0
Min dep.
R$1,000
Withdrawal
24-48 hours
Commission
$3.50/lot
Open time
1 day
USDJPY
0.0
Rank 04
Spread
0.1
Min dep.
R$50
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.1
Rank 05
Spread
0.9
Min dep.
R$500
Withdrawal
1-2 business days
Commission
None
Open time
1-3 days
USDJPY
1.0
Rank 06
Spread
0.0
Min dep.
R$0
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.0
Rank 07
Spread
0.7
Min dep.
R$5
Withdrawal
15-20 minutes
Commission
None
Open time
Same day
USDJPY
0.8
Rank 08
Spread
0.1
Min dep.
R$0
Withdrawal
1-2 business days
Commission
$3.50/lot
Open time
Same day
USDJPY
0.1
Rank 09
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
USDJPY
—
Rank 10
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Commission
Confirm current terms directly
Open time
—
USDJPY
—
Rank 11
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
Commission
$0
Open time
—
USDJPY
—
Rank 12
Spread
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
Commission
$7/lot round-turn (Edge)
Open time
—
USDJPY
—
Rank 13
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Commission
From ~$5/lot (ECN)
Open time
—
USDJPY
—
Rank 14
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
Commission
None (spread-based)
Open time
—
USDJPY
—
Rank 15
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
Commission
—
Open time
—
USDJPY
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 16
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Commission
—
Open time
—
USDJPY
—
ASIC (Australia)CySEC (Cyprus)SVG FSA
Visit FP Markets Read reviewWe 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.
XM Review Summary
XM accepts both PIX instant payments and traditional Boleto bancário for Brazilian clients.
Pros
- Regulation varies by entity
- Minimum deposit: R$25
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Exness Review Summary
Exness offers instant PIX deposits and withdrawals for Brazilian traders. Zero minimum deposit and raw spreads.
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
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
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
AvaTrade Review Summary
AvaTrade is multi-regulated (CBI, FCA, ASIC) with AvaTradeGO mobile app and copy trading.
Pros
- Regulation varies by entity
- Minimum deposit: R$500
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Standard — 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
FBS Review Summary
FBS offers ultra-low R$5 minimum deposit with flexible leverage options. Great for beginners.
Pros
- Regulation varies by entity
- Minimum deposit: R$5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Standard — 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
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50
TIO Markets Review Summary
TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Frequently Asked Questions About Forex Brokers in Brazil
Frequently Asked Questions
XM is the top-ranked forex broker for Brazilian traders in the current BrokerAnalysis ranking where it is available. Compare it with Exness, IC Markets, and FXTM for local payment methods, account terms, regulation, and platform fit before opening an account.
Yes, forex trading is legal in Brazil. While CVM (Comissão de Valores Mobiliários) regulates securities, most Brazilian traders use international brokers since local forex regulation is limited. Note that IOF tax applies to forex transactions.
Exness, XM, RoboForex, and OctaFX accept PIX instant payments for Brazilian traders. Exness offers instant PIX processing for both deposits and withdrawals with zero fees.
Yes! XM, OctaFX, and FBS accept Boleto bancário deposits for Brazilian traders. Processing typically takes 1-3 business days.
To deposit BRL: 1) Login to your broker, 2) Select PIX (instant) or Boleto/bank transfer, 3) Enter amount in R$, 4) Complete payment. Exness processes PIX deposits instantly.
Yes! All major brokers support withdrawals to Brazilian banks including Banco do Brasil, Bradesco, Itaú, and Santander. Exness offers instant PIX withdrawals. Note IOF tax may apply.
Minimum deposits vary: FBS accepts R$5, XM accepts R$25, Exness/HFM/Pepperstone have zero minimum. We recommend starting with at least R$100-500 for proper risk management.
FBS has the lowest minimum at just R$5 (about $1). Exness, HFM, and Pepperstone have zero minimum deposit requirements. XM follows with R$25 minimum.
Yes! With R$100 (about $18), you can open accounts with FBS, XM, Exness, HFM, or OctaFX. For proper risk management, we recommend starting with at least R$200-500.
IOF (Imposto sobre Operações Financeiras) is Brazil's financial transaction tax that applies to forex. Rates vary depending on transaction type. Consult a Brazilian tax professional for current rates and obligations.
To start forex trading in Brazil: 1) Learn basics through free courses, 2) Choose a regulated broker like Exness or XM, 3) Open a demo account to practice, 4) Deposit via PIX (R$100-500), 5) Start with EUR/USD. XM offers excellent Portuguese education.
The best forex apps for Brazilian traders are MT4 and MT5 (from all major brokers), the Exness Trader app (with PIX), OctaFX app, and XM app. These support Portuguese language.
IC Markets and Pepperstone offer the best MT4 experience in Brazil with fast execution and full EA support. Exness and XM also provide reliable MT4.
Yes! All major brokers offer MT5 in Brazil including Exness, XM, HFM, FXTM, IC Markets, and Pepperstone. MT5 has more timeframes, order types, and a built-in economic calendar.
Exness, IC Markets, and HFM have the lowest spreads in Brazil with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.
FXTM Invest, HFM's HFCopy, OctaFX Copytrading, and Exness Social Trading are the best copy trading platforms for Brazilian traders. You can automatically copy successful traders with as little as $100.
Sources & References
- XM Account Types— XM
- Exness Accounts— Exness
- IC Markets Trading Accounts— IC Markets
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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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.
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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.