BrokerAnalysis

Best Low Spread Forex Brokers in Brazil

Last updated October 9, 2026

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

How We Ranked

Rankings blend trust, pricing, and platform quality. After our two editorial picks, brokers are ordered by third-party audience activity in Brazil. 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
Exness
Exness
Review
#2
FXTM
FXTM
Review
#3
Deriv
Deriv
Review
Full Comparison
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Last reviewed:
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By:BrokerAnalysis Research Desk
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Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Oct 2026

Our 2 top picks for Low Spread in Brazil

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

#1 · Best for Low Spread in Brazil
Exness

Exness

Offers Low Spread
Min. deposit $10
  • Offers Low Spread
  • Regulated: FCA, CySEC, FSA, FSC
  • Minimum deposit $10
FCA, CySEC, FSA, FSC
#2 · Best alternative
FXTM

FXTM

Offers Low Spread
Min. deposit R$50
  • Offers Low Spread
  • Regulated: FCA, CySEC, FSCA
  • Minimum deposit R$50
FCA, CySEC, FSCA

Why these two

Both brokers here are confirmed to offer Low 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 Low Spread brokers actually cost Brazil traders?

Across the 10 Low Spread brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 0.9 pips, with 9 of those figures taken from the broker's own published specification.

Low Spread brokers for Brazil traders

For Brazil traders focused on minimising trading costs, the spread is the single biggest expense. Our current ranking starts with Exness where it is available, followed by FXTM, Deriv, and AvaTrade. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 10 brokers for Brazil traders. The median minimum deposit across the listed brokers is $30 — low — most traders can start with a modest balance. 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. Third-party audience data shows Deriv with the strongest Brazil activity among the brokers listed here (Influence 7.90/10).

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

Exness

FCA (UK)
Cashback / Rebate

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 Oct 8, 2026

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 Oct 8, 2026

FXTM

FCA (UK)
Welcome Bonus

$500 Welcome Bonus Reward Points

Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.

Verified Oct 8, 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
PIXPIXBoleto BancárioBoleto BancárioBradescoBradescoItaúItaúBanco do BrasilBanco do BrasilSantander BrasilSantander BrasilSkrillSkrill
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Key Features for Brazilian Traders

10 brokers · how we rank

Compare essential broker features for traders in Brazil.

BrokerWithdrawalCommissionOpen timeUSDJPYRegulation & fundingAction
1.0$10InstantNoneSame day1.0
No tier-1 licence listed
0.1R$5024 hoursNoneSame day0.1
No tier-1 licence listed
0.5 pips (Standard)$51 business day$0 (Spread only on most products)——
No tier-1 licence listed
0.9R$5001-2 business daysNone1-3 days1.0
No tier-1 licence listed
0.0R$1,00024-48 hours$3.50/lot1 day0.0
No tier-1 licence listed
1.6R$2524 hoursNoneSame day1.4
No tier-1 licence listed
0.0R$024 hoursNoneSame day0.0
No tier-1 licence listed
0.1R$01-2 business days$3.50/lotSame day0.1
No tier-1 licence listed
0.0 pips (ECN)$501-2 business daysFrom ~$5/lot (ECN)——
No tier-1 licence listed
0.0 pips (Raw)$100Same day to 1 business day$3/lot (Raw)——
No tier-1 licence listed
Rank 01 · best overall
Exness
Spread
1.0
Min dep.
$10
Withdrawal
Instant
Commission
None
Open time
Same day
USDJPY
1.0
Visit Exness Read review
Rank 02
FXTM
Spread
0.1
Min dep.
R$50
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.1
Visit FXTM Read review
Rank 03
Deriv
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
USDJPY
—
Visit Deriv Read review
Rank 04
AvaTrade
Spread
0.9
Min dep.
R$500
Withdrawal
1-2 business days
Commission
None
Open time
1-3 days
USDJPY
1.0
Visit AvaTrade Read review
Rank 06
XM
Spread
1.6
Min dep.
R$25
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
1.4
Visit XM Read review
Rank 07
HFM
Spread
0.0
Min dep.
R$0
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.0
Visit HFM Read review
Rank 09
LiteFinance
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
Commission
From ~$5/lot (ECN)
Open time
—
USDJPY
—
Visit LiteFinance Read review
Rank 10
FP Markets
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
Commission
$3/lot (Raw)
Open time
—
USDJPY
—
Visit FP Markets Read review

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.

Audience activity in Brazil (Influence score, 0–10): Deriv 7.90 · AvaTrade 5.57. A score reflects audience activity, not a recommendation. Source: WikiFX, October 2026.

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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.

Exness logo
Our Rating
4.5/5.0
Best ForBest for Brazilian traders.
Min DepositR$0

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
FXTM logo
Our Rating
4.5/5.0
Best ForStrong education.
Min DepositR$50

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
Deriv logo
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
AvaTrade logo
Our Rating
4.5/5.0
Best ForMulti-regulated.
Min DepositR$500

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
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
XM logo
Our Rating
4.5/5.0
Best ForPIX & Boleto support.
Min DepositR$25

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
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
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
LiteFinance logo
Our Rating
4.5/5.0
Best ForBest for copy traders, beginners & cost-conscious ecn users.
Min Deposit$10 (Cent) / $50 (Classic/ECN)

LiteFinance Review Summary

LiteFinance is a multi-regulated broker with MT4, MT5, cTrader, Proprietary access, 0.0 pips (ECN) | 1.8 pips (Classic) on EUR/USD, and $10 (Cent) / $50 (Classic/ECN) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $10 (Cent) / $50 (Classic/ECN)
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Raw or ultra-low spread account available — compare account types before opening
FP Markets logo
Our Rating
4.5/5.0
Best ForBest for ecn traders, scalpers & australian clients.
Min Deposit$100

FP Markets Review Summary

FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Raw or ultra-low spread account available — compare account types before opening

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Frequently Asked Questions About Low Spread Forex Brokers in Brazil

Frequently Asked Questions

The brokers listed on this page offer the tightest spreads available to Brazil traders, verified through live spread monitoring. Raw/ECN accounts consistently deliver the lowest total trading cost when spread and commission are combined.
On a raw/ECN account, a good average EUR/USD spread is 0.1-0.3 pips. On a standard account, 0.6-1.0 pips is competitive. Anything above 1.5 pips on EUR/USD is expensive by 2026 standards.
Yes — low spreads are not a red flag. Major regulated brokers like IC Markets and Pepperstone offer raw spreads from 0.0 pips and are regulated by ASIC, FCA, and CySEC. Low spreads simply mean the broker has strong liquidity provider relationships.
For traders placing more than 5 trades per day, raw spread accounts are almost always cheaper. A raw account with 0.1 pip spread + $3.50/lot commission costs less than a standard account with 1.2 pip spread (no commission). Use our brokerage fee calculator to compare.
Yes. Spreads are tightest during the London-New York overlap (peak liquidity) and widen during the Asian session and around major news events. The brokers on this page maintain competitive spreads across all sessions.
Yes. All brokers on this page accept Brazil traders and offer low-spread accounts with BRL deposit support. No geographic restriction affects the spread you receive — it depends on your account type and the broker's liquidity.
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

  1. — Exness
  2. — Pepperstone
  3. — XM
  4. — IC Markets
  5. — AvaTrade
  6. — HFM

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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 — Low Spread brokers for Brazil traders

Across the 10 Low Spread brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 0.9 pips, with 9 of those figures taken from the broker's own published specification.

median researched EUR/USD spread
0.05 pips
Brokers measured
10
Linked to broker spec
9 of 10
Data as of
2026-10-09

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: get.exness.help · pepperstone.com · xm.com · icmarkets.com · avatrade.com · hfm.com · fpmarkets.com · fxtm.com · www2.deriv.me

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.