Best Forex Brokers for Beginners in Brazil 2025

Last updated Aug 14, 2025

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top forex brokers for beginners based on our analysis:

  1. 1
    AvaTrade Logo
    AvaTrade - Best forex trading broker for beginners in Brazil - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  2. 2
    FP Markets Logo
    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. 3
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  4. 4
    Roboforex Logo
    Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  5. 5
    HF Markets Logo
    HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
  6. 6
    ActivTrades Logo
    ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides.
  7. 7
    Admirals Logo
    Admirals - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  8. 8
    XM Logo
    XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
  9. 9
    HYCM Logo
    HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
  10. 10
    InstaForex Logo
    InstaForex - Large selection of trading instruments. PAMM accounts and the ForexCopy automatic trade copying service for passive income. 24/7 efficient customer support.

The brokers we chose are recognized for their dependability, competitive pricing, and swift customer support, making them perfect for those new to the currency market.

Top 10 Forex Brokers for Beginners in Brazil

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$1
6
Register81% of retail investors lose money when trading CFDs with this broker
Foundation Year2000
Minimum Deposit
$1
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2001
Minimum Deposit
$1
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$5
9
Register71-74% of retail investors lose money when trading CFDs with this broker
Foundation Year1976
Minimum Deposit
$100
10
Register71.99% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
$1

1. AvaTrade

AvaTrade Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade trading accounts

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

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

2. FP Markets

FP Markets Logo
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexPrecious MetalsEnergy CarriersSoft CommoditiesIndicesStocksETFBondsCryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5cTraderTradingView
compare FP Markets trading accounts

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

  1. Robust regulation, serious fund protection plus segregated accounts in AA banks.
  2. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
  3. Rich selection of trading platforms.
  4. Wide range of instruments.
  5. Numerous deposit/withdrawal methods.
  6. Strong analytics and education.
  7. 24/7 support.

Cons

  1. Lack of cent accounts and fixed spread accounts.
  2. Some analytical materials and software are accessible only with a deposit or trading volume.

3. FxPro

FxPro Logo
3
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
compare FxPro trading accounts

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

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

4. RoboForex

Roboforex Logo
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
compare Roboforex trading accounts

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

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

5. HF Markets

HF Markets Logo
5
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFCryptocurrencyPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
compare HF Markets trading accounts

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

  1. Regulated by reputable financial authorities.
  2. Wide selection of trading assets.
  3. A variety of educational materials and analytical reviews.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

6. ActivTrades

ActivTrades Logo
6
Register81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft CommoditiesETF
Trading Platforms
MetaTrader 4MetaTrader 5ActivTraderTradingView
compare ActivTrades trading accounts

ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.

However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.

Pros and Cons of ActivTrades

Pros

  1. Wide range of trading assets.
  2. A wide variety of trading platforms.
  3. Extensive training materials including webinars, videos, articles and guides.
  4. Professional Support Team.

Cons

  1. Lack of diversity in trading accounts.

7. Admirals

Admirals Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocksETF
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals trading accounts

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

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

8. XM

XM Logo
8
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

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

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

9. HYCM

HYCM Logo
9
4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesCryptocurrencyETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5
compare HYCM trading accounts

HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.

HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.

Pros and Cons of HYCM

Pros

  1. Well-regulated broker.
  2. An extensive set of educational materials.
  3. Diversity of trading assets.

Cons

  1. Absence of proprietary trading platform.
  2. No social trading.

10. InstaForex

InstaForex Logo
10
Register71.99% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4InstaForex Webtrader
compare InstaForex trading accounts

InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.

InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.

Pros and Cons of InstaForex

Pros

  1. Large selection of trading instruments.
  2. PAMM accounts and the ForexCopy automatic trade copying service for passive income.
  3. 24/7 efficient customer support.
  4. Wide range of methods for depositing and withdrawing funds.
  5. Decent analytical section.

Cons

  1. Trading commissions are above average.
  2. No trading accounts with market execution of orders (ECN or STP).
  3. Broker commission on fund withdrawals.

Key Considerations for Beginners When Choosing a Forex Broker

  1. Regulatory Compliance. Ensuring that a broker adheres to regulatory compliance is crucial for the safety of your investments. Look for brokers regulated by reputable authorities such as the FCA, ASIC, or CySEC to guarantee client fund segregation and financial stability.

  2. User-Friendly Trading Platforms. A user-friendly platform with customizable features and interactive charting tools can significantly enhance your trading experience. Popular platforms like MetaTrader 4, MetaTrader 5, and cTrader offer extensive trading software capabilities suitable for beginners.

  3. Understanding Forex Trading Basics. Before diving into trading, it’s essential to grasp the basics of forex trading. Look for brokers that provide educational content, including tutorials, webinars, and trading guides, to build a solid foundation. Access to comprehensive educational material such as educational videos, interactive quizzes, and live education sessions can accelerate your learning curve and improve your trading skills.

  4. Exploring Copy Trading as a Learning Tool. Copy trading platforms allow beginners to emulate the strategies of experienced traders. This feature can be invaluable for learning effective trading strategies and understanding market conditions without the need for extensive personal research.

  5. Accessible Demo Accounts. A demo account with virtual funds or virtual money lets beginners practice trading methods in a risk-free environment. This hands-on experience is essential for building confidence before committing real money.

  6. Low Minimum Deposit Requirement. Brokers with low minimum deposit requirements or micro accounts enable beginners to start trading with minimal financial commitment, reducing the initial risk while gaining trading experience.

  7. Reliable Customer Support. Reliable customer support through live chat, email, or phone ensures that beginners can receive prompt assistance when encountering issues or needing guidance.

  8. Transaction Costs. Understanding transaction costs such as spreads, commissions, and trading fees is vital. Opt for brokers with transparent pricing and competitive trading costs to maximize your potential profits.

  9. Withdrawal and Deposit Methods. Choose brokers that offer a variety of deposit and withdrawal methods with minimal processing time and withdrawal fees, ensuring easy access to your funds when needed.

Tips for Beginner Traders

  1. Start with a Demo Account: Practice trading with virtual funds to understand the platform and develop your strategies without risking real money.

  2. Educate Yourself: Utilize the educational resources provided by your broker to learn about market analysis, trading strategies, and risk management.

  3. Develop a Trading Plan: Define your trading goals, risk tolerance, and strategies to stay disciplined and focused.

  4. Manage Your Risk: Use tools like stop-loss orders and risk management options to protect your capital.

  5. Stay Informed: Keep up with market analysis and trading seminars to stay updated on market conditions and trends.

  6. Choose the Right Broker: Select a broker that offers regulatory compliance, a user-friendly platform, and comprehensive support tailored to beginners.

How the List of the Best Forex Brokers for Beginners in Brazil is Compiled

The Forex brokers list ideal for beginners was carefully assembled based on specific criteria to ensure reliability and relevance.

  1. Our rankings come from a thorough analysis of our comprehensive Forex broker directory, using a unique methodology designed to assess service quality and user-friendliness.

  2. The selection process prioritized essential criteria such as the availability of high-quality educational materials, prompt and effective customer support, and user-friendly, intuitive trading platforms and personal account interfaces. These factors are crucial for beginners in Forex and CFD trading.

  3. Additionally, all featured brokers are verified for compliance with strict reliability standards and provide a seamless trading experience. Importantly, every broker on this list supports Brazilian traders.

FAQ

How Do I Start Trading Forex in Brazil?

To start trading Forex in Brazil, choose a reputable Forex broker that offers regulatory compliance and supports deposit and withdrawal methods that are convenient for you. Open an account, preferably a demo account, to practice trading. Utilize the broker’s educational resources to learn the basics and develop your trading strategies before transitioning to real-money trading.

What is the Minimum Investment to Begin Forex Trading in Brazil?

The minimum deposit requirements vary by broker, but many offer micro accounts or nano-lots that allow you to start trading with as little as BRL 100. This low barrier to entry makes Forex trading accessible to beginners with limited capital.

Can I Learn Forex Trading on My Own?

Yes, you can learn Forex trading independently using the vast array of educational materials available, including tutorials, webinars, trading courses, and interactive quizzes. However, utilizing a broker that offers structured educational resources can accelerate your learning process and provide practical insights.

Beginners often trade major currency pairs like EUR/USD, USD/JPY, GBP/USD, and AUD/USD. These pairs typically offer price transparency, high liquidity, and low spreads, making them ideal for those new to Forex trading.

Is Forex Trading Profitable for Beginners in Brazil?

Forex trading can be profitable for beginners, but it requires education, disciplined risk management, and a well-thought-out trading plan. Utilizing a demo account to practice and starting with a small investment can help mitigate risks while you build your trading experience.

What Kind of Software Do I Need for Forex Trading?

Most brokers provide access to popular trading platforms like MetaTrader 4, MetaTrader 5, cTrader, or proprietary platforms. These platforms offer essential trading software features, including charting tools, technical indicators, and execution capabilities.

How to Choose the Best Account Type for Beginners in Brazil?

When selecting an account type, consider factors such as minimum deposit requirements, trading fees, leverage options, and the availability of demo accounts. Micro accounts or zero accounts are often ideal for beginners due to their low financial commitment and flexibility in trade sizes.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.