Best Forex Brokers in Brazil for 2026
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Brazil based on our analysis:
- 1
AvaTrade - Best Forex broker in Brazil - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 7
- 8
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 9
- 10
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
This comprehensive guide aims to help you find a broker that aligns with your trading strategy while emphasizing the safeguarding of your investments. Each broker featured here is distinguished by its exceptional features, cutting-edge technology, and robust security measures, ensuring an exceptional trading experience in Brazil's dynamic Forex market.
Comparison of the Best Forex Brokers in Brazil
| Broker | AvaTrade | FP Markets | AMarkets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.4/5 |
| Foundation Year | 2005 | 2005 | 2007 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Cook Islands, Comoros |
| Regulators |
|
|
|
| Minimum Deposit |
|
|
|
| Trading Accounts |
|
|
|
| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
|
|
|
| Trading Platforms |
|
|
|
| Review | AvaTrade Review | FP Markets Review | AMarkets Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Forex Brokers in Brazil for 2026
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. AMarkets
AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.
Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Pros and Cons of AMarkets
Pros
- A wide range of trading assets.
- Extensive analytical capabilities using modern tools and trading robots.
- No commissions on many operations.
- Convenience and simplicity of opening an account and managing it.
Cons
- Not the most extensive educational materials.
- On some assets, spreads are higher than those of competing Forex brokers.
4. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
5. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
7. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
8. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
9. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
10. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
Regulation of Forex Brokers in Brazil
The regulatory framework for Forex and CFD brokers in Brazil is comprehensive and stringent, ensuring fairness and transparency in trading activities.
Key Regulatory Bodies in Brazil
Comissão de Valores Mobiliários (CVM). The CVM is the main regulatory authority for financial markets in Brazil, including Forex brokers. It enforces regulations to protect investors and maintain the integrity of the market. Key requirements for obtaining a Forex license in Brazil include a minimum capital requirement, the appointment of a compliance officer, the establishment of internal controls, and the implementation of Anti-Money Laundering (AML) and Customer Due Diligence (CDD) measures.
Banco Central do Brasil (Central Bank of Brazil). The Central Bank manages physical Forex transactions involving the Brazilian Real. It ensures that these transactions comply with regulations and promotes market stability.
B3 (Brasil Bolsa Balcão). B3 is the main stock exchange in Brazil, integrating and representing the leading market players within the local financial market. Through its modern, agile, and competitive platform, B3 provides enhanced transparency and liquidity, catering to the needs of a growing and demanding market. This development is essential for advancing the country's participation in global markets and attracting international investors.
Investor Protection in Brazil
Regulatory bodies such as the CVM and the Central Bank of Brazil are committed to safeguarding investor interests. They monitor market activities, investigate infractions, and enforce regulations to promote fair and transparent trading practices. While Brazil does not have a specific investor protection fund like some other countries, regulatory measures are implemented to mitigate risks and uphold market integrity. Educational programs and resources are available to investors to enhance their understanding of investment risks and opportunities.
How We Compiled the List of Top Forex Brokers in Brazil
Our method for identifying the top Forex trading platforms in Brazil was comprehensive and thorough, involving several key steps:
In-Depth Research and Assessment. We began by compiling an extensive list of Forex brokers, ensuring they met our stringent standards. Each broker was meticulously evaluated using a detailed methodology to objectively assess their services and operational efficiency.
Regulatory Compliance. We focused on reputable Forex brokers regulated by recognized financial authorities such as the FCA, ASIC, and CySEC. This ensures that brokers operate with transparency and adhere to high financial standards.
Trading Conditions and Platforms. Brokers were assessed based on their trading conditions, including spreads, fees, minimum deposits, and the variety of trading instruments available. We also evaluated the quality and usability of their trading platforms, favoring those that offer popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
Customer Support and Localization. The quality of customer support was a crucial factor, with an emphasis on the availability of support in Portuguese and accessible communication channels. Additionally, we prioritized brokers that offer localized services, such as websites and educational resources in Portuguese, to better serve Brazilian traders.
User Feedback. We incorporated genuine feedback from traders with firsthand experience using these brokers to provide a comprehensive view of each broker's strengths and weaknesses. This includes aspects such as ease of use, customer service experiences, and overall satisfaction.
By following this detailed approach, we were able to identify the best Brazil Forex brokers, ensuring that they meet the needs of traders in this dynamic market.
FAQ
Is Forex trading legal in Brazil?
Yes, Forex trading is legal in Brazil. The market is regulated by the Comissão de Valores Mobiliários (CVM), ensuring that trading activities are conducted fairly and transparently.
What is the best Forex broker in Brazil?
According to our comprehensive research and evaluation methodology, Pepperstone is considered the best Forex broker in Brazil. Pepperstone stands out due to its regulatory compliance, competitive trading conditions, user-friendly platforms, and excellent customer support. These factors make it an ideal choice for traders in Brazil.
How do I verify if a Forex broker is regulated in Brazil?
You can verify if a Forex broker is regulated in Brazil by checking the broker's registration with the Comissão de Valores Mobiliários (CVM). The CVM website provides a list of regulated brokers and their status.
Which Forex broker is the safest in Brazil?
ActivTrades is considered one of the safest Brazilian Forex brokers. It is regulated by the Comissão de Valores Mobiliários (CVM), ensuring it adheres to stringent regulatory standards. ActivTrades is known for its robust security measures, transparent operations, and positive user reviews, making it a reliable choice for traders in Brazil.
Can I trade Forex in Brazil without a broker?
No, you cannot trade Forex in Brazil without a broker. A regulated broker provides the necessary platform and access to the Forex market, ensuring legal and secure trading.
Do I need to pay taxes for Forex trading in Brazil?
Yes, Forex trading profits are subject to taxation in Brazil. It is important to comply with local tax regulations and report your earnings accurately to the tax authorities.
How to choose the best Forex broker in Brazil?
To choose the best Forex broker in Brazil, consider factors like regulatory compliance, trading conditions, platform usability, customer support, and user feedback. Starting with a demo account can also help you evaluate the broker's services.
What is the best trading platform in Brazil?
The best trading platform in Brazil depends on user preferences. Popular platforms include MetaTrader 4 and MetaTrader 5, known for their advanced features and user-friendly interfaces. For those specifically interested in MetaTrader 5, you can find the best Forex broker for MT5 on our dedicated page. Some brokers also offer proprietary platforms tailored to specific trading needs.
Can I trade other assets with a Forex broker in Brazil?
Yes, many online Forex brokers in Brazil offer a range of trading instruments, including stocks, commodities, indices, and cryptocurrencies, in addition to Forex pairs.
What are the most popular Forex pairs in Brazil?
The most popular Forex pairs in Brazil typically include major pairs like EUR/USD, USD/JPY, GBP/USD, and USD/BRL, the latter being particularly relevant due to the involvement of the Brazilian Real.
What challenges do beginner Forex traders face in Brazil?
Beginner Forex traders in Brazil often face challenges such as understanding market dynamics, developing effective trading strategies, managing risk, and avoiding scams. Educational resources and demo accounts can help mitigate these challenges.
How much money do I need to start Forex trading in Brazil?
The amount of money needed to start Forex trading in Brazil varies by broker. Some brokers have no minimum deposit requirement, while others may require a small initial deposit. For options with low entry costs, check out our list of Forex brokers with low minimum deposit. It is advisable to start with an amount you can afford to lose while you learn and develop your trading skills.
How to avoid Forex and CFD scams in Brazil?
To avoid Forex and CFD scams in Brazil, trade only with brokers regulated by the CVM or other reputable authorities. Be wary of offers that seem too good to be true, and always conduct thorough research on the broker's background and user reviews before investing.
