Country Guide · Updated September 2026
Best Forex Brokers in Brazil 2026
Independently tested picks for Brazilian traders — high leverage via global entities, PIX and crypto funding, Portuguese support and low minimum deposits. As melhores corretoras de forex para brasileiros, testadas de forma independente.
Top pick right now: Exness.
Quick answer
For most Brazilian traders the strongest all-round choices are global brokers offering high leverage, PIX-friendly funding, Portuguese support and low minimums. We rank them below on cost, execution and platform quality — every broker shown onboards Brazilian residents and can be funded from Brazil.
Compare the top brokers for Brazil
Ranked by a Brazil-weighted model: fees (28%), execution (20%), platforms (18%), instruments (14%), regulation (12%), support (8%).
| # ▲▼ | Broker ▲▼ | Score ▲▼ | Cost/Lot ▲▼ | Min Deposit ▲▼ | EUR/USD ▲▼ | Max Leverage ▲▼ | Regulators ▲▼ | Platforms ▲▼ | Action |
|---|---|---|---|---|---|---|---|---|---|
| 1 |  | 9.4 | $7.00 | $10 | 0.0 pips (Raw), 0.3 pips (Pro), 1.0 pips (Standard) | Up to 1:2000 | FSASeychelles | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App | |
| 2 |  | 9.4 | $7.00 | None | 0.0 pips (Razor), 0.69 pips (Standard) | Up to 1:500 | ASICAustralia | MetaTrader 4, MetaTrader 5, cTrader, TradingView | |
| 3 |  | 8.9 | $7.00 | None | 0.7 pips average | Up to 1:30 (EU/UK/AU); international clients onboard via CMC Markets Bermuda Ltd (BMA), outside EU/UK compensation schemes | BMABermudaASICAustralia | Next Generation Platform, MetaTrader 4 | |
| 4 |  | 8.7 | $6.00 | None | 0.0 pips (ECN Prime), 0.8 pips (Standard) | Up to 1:500 | FMANew ZealandFSASeychelles | MetaTrader 4, MetaTrader 5, cTrader, TradingView | |
| 5 |  | 8.7 | $9.00 | €100 | 0.9 pips typical | Up to 1:400 | ASICAustraliaFSCASouth AfricaFSAJapan | MetaTrader 4, MetaTrader 5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial | |
| 6 |  | 8.7 | $6.00 | $5 | 0.6 pips (Ultra Low), 1.6 pips (Standard) | Up to 1:1000 | ASICAustraliaIFSCBelize | MetaTrader 4, MetaTrader 5, XM App | |
| 7 | T Tickmill | 8.5 | $6.00 | €100 | 0.0 pips (Raw), 1.6 pips (Classic) | Up to 1:500 | FSASeychelles | MetaTrader 4, MetaTrader 5, Tickmill App | |
| 8 | TN Trade Nation | 8.3 | $6.00 | None | 0.6 pips (fixed) | Up to 1:200 | SCBBahamas | TN Trader, Trade Nation App, MetaTrader 4, TradingView | |
| 9 | A Admirals | 8.2 | $6.00 | €25 | 0.0 pips (Zero), 0.5 pips (Trade) | Up to 1:30 | CySECCyprusFCAUK | MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, SteamTrader | |
| 10 |  | 8.1 | $8.00 | £50 | From 0.8 pips (variable) | Up to 1:30 | ASICAustralia | Risk-free demo account, Plus500 Platform, Plus500 App | |
| 11 |  Equiti | 8.0 | $7.00 | None | 0.0 pips (Premier), ~1.0 pip (Standard) | Up to 1:2000 | SCAUAEFSASeychelles | MetaTrader 4, MetaTrader 5, EQTrader | |
| 12 |  Fusion Markets | 7.8 | $4.50 | None | 0.0 pips (Zero), 0.9 pips (Classic) | Up to 1:500 | ASICAustraliaVFSCVanuatuFSASeychelles | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader |
Risk warnings
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
72.9% of retail CFD accounts lose money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
73.7% of retail CFD accounts lose money.
72% of retail CFD accounts lose money.
76% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Regulation: CVM, the Banco Central and offshore brokers
Brazil has no domestic licensing regime for retail margin forex or CFDs. The Comissão de Valores Mobiliários (CVM) regulates securities and has issued stop orders against foreign platforms soliciting Brazilian residents without authorisation, while the Banco Central do Brasil oversees foreign exchange. In practice, retail trading through the global (offshore) entities of international brokers is widely practised in Brazil, but it sits in a legal grey area: no broker on this page holds a Brazilian licence, and no domestic investor-compensation scheme applies. Broker selection is the main protection you have — choose a long-established, well-capitalised broker and understand which entity holds your funds.
High leverage
Global entities serving Brazil offer far more than any onshore product: up to 1:2000 at Exness and Equiti, 1:1000 at XM, and 1:500 at Pepperstone, Tickmill, BlackBull Markets and Fusion Markets. Leverage magnifies both gains and losses; size positions carefully and always trade with a stop strategy.
PIX & crypto funding
PIX is the route most Brazilian traders use, and several brokers support BRL PIX deposits through a local gateway. Cards work where the bank allows international payments, and crypto (USDT) is the most consistently open cross-border route. Minimum deposits are low: from USD 5 at XM and USD 10 at Exness, with several brokers requiring no minimum.
Frequently asked questions
Is forex trading legal in Brazil?
Retail margin forex with international brokers sits in a grey area. The Comissão de Valores Mobiliários (CVM) regulates securities and has issued stop orders against foreign platforms that solicit Brazilian residents without authorisation, while the Banco Central do Brasil oversees foreign exchange. There is no domestic licensing regime for retail CFD/forex trading, so Brazilians who trade do so through the global (offshore) entities of international brokers — widely practised, but with no local investor-compensation scheme. That makes broker selection your main protection: choose a long-established, well-capitalised broker and understand which entity holds your funds.
What leverage can Brazilian traders get?
International brokers serve Brazilian residents through their global entities, which offer far higher leverage than any onshore product. Among the brokers ranked here, Exness and Equiti go up to 1:2000, XM up to 1:1000, and Pepperstone, Tickmill, BlackBull Markets and Fusion Markets up to 1:500, with AvaTrade at 1:400 and Trade Nation at 1:200. Leverage magnifies both gains and losses — size positions carefully and always trade with a stop.
How do I deposit and withdraw with PIX or in reais (BRL)?
PIX — Brazil's instant payment system — is the route most Brazilian traders use, and several brokers support BRL PIX deposits through their local payment gateway, converting to the account currency at deposit. Local bank transfer and cards also work where the bank allows international payments. The most consistently open cross-border route is crypto: buy USDT locally, then deposit it to a broker that accepts it. Withdrawals reverse the same route; confirm PIX support and any fees with the broker before funding.
Do these brokers support Portuguese and Brazilian clients?
Most of the brokers ranked here operate in Brazil at scale and offer a Portuguese (pt-BR) website, platform localisation and Portuguese-speaking support — AvaTrade, Exness and XM in particular have a large Brazilian client base. Confirm that live support and the account area are available in Portuguese before you open an account.
What is the minimum deposit to start trading forex in Brazil?
It is low in USD terms. XM opens accounts from USD 5 and Exness from USD 10, while Pepperstone, BlackBull Markets, Fusion Markets, Equiti and Trade Nation have no minimum deposit. A small first deposit lets you test execution, spreads and PIX withdrawals with real money before committing more.
Trading from elsewhere in Latin America? See our best forex brokers in Argentina guide, or use the broker finder to match a broker to your strategy, funding method and experience level.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. UK retail leverage limits apply (FCA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.
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