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Best Forex Brokers Brazil for 2021

Steven Hatzakis

The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

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. Clique aqui para tradução em português.

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.

Securities and Exchange Commission of Brazil

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.

Best Forex Brokers Brazil

To find the best forex brokers 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 Overall ranking.

Here is our list of the best forex brokers in Brazil.

  • IG - Best overall broker 2021, most trusted
  • Saxo Bank - Best for research, trusted global brand
  • Interactive Brokers - Great for professionals and institutions
  • XTB - Best customer service, great trading platform
  • FOREX.com - Great all-round offering
  • eToro - Best copy trading platform
  • AvaTrade - Multiple trading platform options

Brazil Forex Brokers Comparison

Compare Brazil authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

Forex BrokerAccepts BR ResidentsAverage Spread EUR/USD - StandardMinimum Initial DepositOverallVisit Site
IGYes0.745£250.00 5 Stars Visit Site
Saxo BankYes0.800$10,000.00 5 Stars N/A
Interactive BrokersYesN/A$0 4.5 Stars N/A
XTBYes0.860$0.00 4.5 Stars N/A
FOREX.comYes1.400$100.00 4.5 Stars Visit Site
eToroYes1.00$200 4 Stars N/A
AvaTradeYes0.910$100.00 4 Stars N/A
XM GroupYes1.600$5-100 4 Stars N/A
FP MarketsYes1.140$100 AUD 4 Stars N/A
IC MarketsYes0.800$200 4 Stars N/A
TickmillYes0.530$100.00 4 Stars N/A
FxProYes1.510$100.00 4 Stars N/A
Vantage FX Yes1.100$200 3.5 Stars N/A
Moneta MarketsYes1.100$200.00 3.5 Stars N/A
HYCM Yes2.00$100 3.5 Stars N/A
EightcapYes$100 3.5 Stars N/A
VT MarketsYes1.30$200 3.5 Stars N/A

How to Verify CVM Authorisation

Unfortunately, the CVM does not provide a list of authorized forex brokers; however, residents can contact the CVM directly to verify authorisation.

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Methodology

For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

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.

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Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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