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Trading forex (currencies) in Brazil is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Exchange Commission of Brazil (CVM) to accept residents of Brazil as customers.
The Securities and Exchange Commission of Brazil is the financial regulatory body in Brazil. Website: http://www.cvm.gov.br. We recommend Brazil residents also follow the CVM on Twitter, https://twitter.com/cvmgovbr.
The CVM was established in 1976 and regulates the capital markets in Brazil, including stock exchanges, public companies, financial intermediaries, and investors. For a historical breakdown, here's a link to the Securities and Exchange Commission of Brazil webpage on Wikipedia.
Best Forex Brokers Brazil
To find the best forex broker in Brazil, we created a list of all brokers that list Brazil as a country they accept new customers from. We then ranked brokers by their Trust Score Ranking.
Here is our list of the best forex brokers in Brazil.
- IG - Best Overall, Most Trusted
- Saxo Bank - Best Web Platform, Research
- FOREX.com - Great All-around, Low Costs
- City Index - Well-rounded Offering
- XTB - Great Customer Service, Easy to Use Platform
- Swissquote - Best Banking Services
Brazil Forex Brokers Comparison
|Forex Broker||Accepts BR Residents||Average Spread EUR/USD - Standard||Minimum Initial Deposit||Trust Score||Overall||Open Account|
How to Verify CVM Authorisation
Unfortunately, the CVM does not currently have a simple search tool setup that allows you to verify authorisation easily. As a result, residents have to contact the CVM to confirm the status of the broker.
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Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.