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Exness
FCA (UK)Up to 90% Daily Spread Rebates
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Verified Jun 15, 2026
Best MT5 ECN Forex Brokers in Brazil
Last updated September 2, 2026
The top regulated brokers offering MT5 ECN 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 MT5 ECN in Brazil
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for MT5 ECN in Brazil
Exness
Offers MT5 ECNMin. deposit $10
- Offers MT5 ECN
- Regulated: FCA, CySEC, FSA, FSC
- Minimum deposit $10
FCA, CySEC, FSA, FSC
#2 · Best alternative
XM
Offers MT5 ECNMin. deposit R$25
- Offers MT5 ECN
- Regulated: FCA, CySEC, ASIC
- Minimum deposit R$25
FCA, CySEC, ASIC
Why these two
Both brokers here are confirmed to offer MT5 ECN 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 MT5 ECN brokers actually cost Brazil traders?
Across the 6 MT5 ECN brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 0.8 pips, with 6 of those figures taken from the broker's own published specification.
MT5 ECN brokers for Brazil traders
MT5 ECN brokers combine MetaTrader 5's advanced features with ECN execution — raw interbank spreads, deep liquidity, and no dealing desk. Our current ranking starts with Exness where it is available, followed by XM, IC Markets, and FXTM. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 6 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
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
6 brokers · how we rank
Compare essential broker features for traders in Brazil.
| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 1.0 | $10 | Instant | None | Same day | 1.0 | No tier-1 licence listed | ||
| 1.6 | R$25 | 24 hours | None | Same day | 1.4 | 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 | ||
| 0.0 | R$0 | 24 hours | None | Same 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 |
Rank 01 · best overall
Spread
1.0
Min dep.
$10
Withdrawal
Instant
Commission
None
Open time
Same day
USDJPY
1.0
Rank 02
Spread
1.6
Min dep.
R$25
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
1.4
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
0.0
Min dep.
R$0
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.0
Rank 06
Spread
0.1
Min dep.
R$0
Withdrawal
1-2 business days
Commission
$3.50/lot
Open time
Same day
USDJPY
0.1
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.
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
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
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
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 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
Frequently Asked Questions About MT5 ECN Forex Brokers in Brazil
Frequently Asked Questions
The best MT5 ECN brokers for Brazil traders offer verified ECN execution on MT5 with raw spreads from 0.0 pips, deep liquidity, and all MT5 features available on ECN accounts. All brokers on this page were tested.
For most traders, yes. MT5 offers more timeframes, order types, built-in tools, and faster EA execution. The only reason to stay on MT4 ECN is dependency on MT4-only custom indicators that lack MT5 equivalents.
At the same broker, MT5 and MT4 ECN accounts typically connect to the same liquidity pool and offer identical spreads. Any differences are due to the broker's LP routing, not the platform itself.
No — MQL4 and MQL5 are different languages. MT4 EAs must be rewritten or converted for MT5. Some conversion tools exist but manual review is always needed. New EA development should target MQL5.
Yes — MT5 supports both hedging mode (separate positions, like MT4) and netting mode (combined positions). Choose hedging mode when opening the account if you want to maintain separate buy and sell positions.
Commissions on MT5 ECN accounts are the same as MT4 ECN at most brokers — typically $3-7 per lot per side. The platform does not determine the commission; the account type does.
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.
Top Searched Questions
Which brokers offer MetaTrader 5 in 2026?
Most major forex brokers now offer MT5 alongside MT4. MT5 brokers worth considering provide: access to stocks, indices, and crypto CFDs alongside forex; the depth-of-market window for seeing liquidity; 21 timeframes vs MT4's 9; and the built-in economic calendar. Check if they support hedging mode.
What advantages does MT5 have over MT4?
MT5 offers: 21 timeframes (vs 9 on MT4), built-in economic calendar, depth-of-market, 38 technical indicators (vs 30), 44 analytical objects (vs 31), multi-threaded strategy tester, and access to exchange-traded instruments. MT5 uses MQL5 which supports OOP programming for more complex EAs.
Is MT5 better than other trading platforms?
MT5 excels at multi-asset trading (forex + stocks + crypto CFDs) and algorithmic strategy development. TradingView beats it for charting and social features. cTrader offers better Level II pricing. MT4 has a larger EA library. Choose MT5 if you need multi-asset access with strong automation capabilities.
Information automatically localized based on "mt5 brokers" and related trends.
Sources & References
- Exness — published spread specification— Exness (2026)
- Pepperstone — published spread specification— Pepperstone (2026)
- XM — published spread specification— XM (2026)
- IC Markets — published spread specification— IC Markets (2026)
- HFM — published spread specification— HFM (2026)
- FXTM — published spread specification— FXTM (2026)
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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 — MT5 ECN brokers for Brazil traders
Across the 6 MT5 ECN brokers available to Brazil traders on this page, the median researched EUR/USD spread is 0.05 pips, ranging from 0.0 to 0.8 pips, with 6 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.05 pips
- Brokers measured
- 6
- Linked to broker spec
- 6 of 6
- 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: get.exness.help · pepperstone.com · xm.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.