Best Forex Brokers in Brazil

Following our in-depth review and ranking process, here are the best forex brokers in Brazil;

Best Forex Brokers in Brazil

  1. IC Markets
  2. XM
  3. Admirals
  4. Pepperstone
  5. FXPro

1. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading styles and strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

2. XM

XM

Established by the Trading Point Group, XM is a multi-award-winning online broker, as well as one of the biggest forex and CFD providers (by trade volume) in the world. It connects traders to a wide variety of global markets including forex and CFDs on stocks, commodities, equity indices, precious metals, energies and shares with over 1000+ instruments to trade.

XM offers a well-established brokerage solution for both beginner and professional retail traders. It is also suitable for all trading styles and strategies and offers different account types with great account options, which traders can choose from to enjoy a tailored trading experience that perfectly suits their trading needs. In addition, traders can also gain access to multiple industry-standard brokers, deep liquidity, tight spreads, fast order execution, negative balance protection, a dedicated multilingual customer support service, and much more.

XM Overview

BrokerXM
Regulation CySEC (Cyprus), DFSA (United Arab Emirates), ASIC (Australia), IFSC (Belize), FCA (United Kingdom), BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden).
Forex Pairs55 Currency Pairs.
Trading PlatformsMetaTrader 4, MetaTrader 5
Minimum Deposit$5
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:888
Account CurrenciesUSD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR
Payment MethodsWire Transfer, Internet Banking, Local Bank Transfer, Credit/ Debit Cards, Neteller, Neteller VIP, Skrill, UnionPay, RapidPay, POLI

Pros

  • Strong regulatory framework.
  • Easy account registration process.
  • Supports over 30 languages.
  • Beginner friendly.
  • Deep liquidity.
  • Fast order execution
  • Multiple tailored account types.
  • Offers swap-free account.
  • Ultra low spreads from 0.0 pips on the Zero account.
  • Low minimum deposit.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Supports all trading styles and strategies.
  • Support over 11 account base currencies.
  • Multiple fast and secure deposit and withdrawal methods..
  • Quality education & research offering.
  • Great customer support service.

Cons

  • No proprietary trading platform.

3. Admirals

Admirals

Admirals (formerly known as Admiral Markets) is a leading forex and CFD provider established and operated by the Admiral Group. It offers over 8000+ instruments across a wide variety of global markets including forex, commodities, indices, stocks, ETFs and bonds.

Admiral offers a great trading solution suitable for beginner and professional retail traders. It offers different account types, giving traders the ability to choose an account type that best suits their trading style or needs. Also, traders can enjoy a number of great trading services, including deep liquidity, support for all trading styles and strategies, consistently low spreads from 0.0 pips, excellent educational offering, great research offering, multiple fast & secure payment methods, dedicated multi-lingual customer support service and much more.

Admirals Overview

BrokerAdmirals
Regulation FCA (United Kingdom), EFSA (Estonia), JSC (Jordan), CySEC (Cyprus), AFSL (Australia)
Forex Pairs50 Currency Pairs
Trading PlatformsMetaTrader Web Trader, MetaTrader 4, MetaTrader 5
Minimum Deposit$100 or currency equivalent.
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND
Payment MethodsBank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal

Pros

  • Strong regulatory framework.
  • Newbie friendly.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Low latency and fast order execution.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Advanced mobile apps with extensive functionalities.
  • Tailored account types with great trading conditions.
  • Supports all trading styles and strategies.
  • Wide range of asset classes.
  • Competitive spreads and low commissions.
  • A wide selection of fast and secure payment methods.
  • Transparent fee structure with no hidden charges
  • Offers Isalmic swap-free account.
  • Impressive educational and research offering including; Forex & CFD webinars, traders glossary, courses and e-books.
  • Great market research and analytics offering.
  • Friendly and multi-lingual customer service.

Cons

  • Demo account availble for only 30 days.
  • Basic mobile trading app.

4. Pepperstone

Pepperstone

Pepperstone is a global award-winning online broker established and operated by the Pepperstone Group. It offers Forex trading, spread betting and CFDs across a variety of global markets including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.

Pepperstone offers top-notch trading solutions which accommodate both beginner and professional retail traders, and also supports all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, all Pepperstone clients can enjoy deep liquidity, low-cost trading, competitive spreads, superior trade execution, multiple industry-standard trading platforms, volume-based rebates, fast & secure payment methods, great research & educational offering and a dedicated customer support team available 24/7 etc.

Pepperstone Overview

BrokerPepperstone
Regulation ASIC (Australia), FCA (United Kingdom), DFSA (Dubai)
Forex Pairs61
Trading PlatformsMetaTrader4, Metatrader5 and cTrader
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal and Poli.

Pros

  • Strong regulatory framework.
  • Beginner friendly.
  • Easy account registration process.
  • Deep liquidity and no requotes.
  • Low latency and fast order execution.
  • Supports all trading styles and strategies (including, scalping, hedging, algorithmic trading etc.)
  • Multiple account base currencies.
  • Negative balance protection.
  • Over 61 currency pairs, including major, minor and exotic pairs.
  • Tailored account types with great trading conditions, competitive pricing and advanced tools.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Industry-standard trading platforms available in web, mobile and desktop versions.
  • Zero commissions and consistently low spreads (from 0.6 pips ) on the standard account.
  • Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
  • Active Trader Program to reward high volume trading with cash rebates which is paid daily.
  • No inactivity fee charged.

Cons

  • Demo account duration limited to only 30 days.
  • Limited product offering.

5. FXPro

FXPro

FXPro is a global leading online broker established and operated by FXPro Limited. FXPro offers Forex trading and CFDs on a variety of global markets including shares, indices, futures, metals and energies, with over 1800+ instruments to trade.

FXPro offers a well-rounded trading solution for beginner and professional retail clients and provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. Also, traders can enjoy a number of substantial trading services offered by the broker, including deep liquidity, low trading cost, competitive spreads & commissions, multiple tailored account types, ultra-fast trade execution, multiple industry-standard trading platforms, fast & secure payment methods, great research & educational offering and a dedicated 24/7 customer support service, among others.

FXPro Overview

BrokerFXPro
Regulation FCA (United Kingdom), CySEC (Europe), SFCA (South Africa) and SCB (Bahamas)
Forex Pairs70
Trading PlatformsFXPro Edge, MetaTrader4, MetaTrader5 and cTrader
Minimum Deposit$100
Demo AccountAvailable
Maximum Leverage1:500
Account CurrenciesUSD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR.
Payment MethodsBank Transfer, Broker To Broker Transfer, Credit/ Debit Cards, Paypal, Skrill and Neteller.

Pros

  • Strong regulatory framework.
  • Official partner of the McLaren Formula 1 team.
  • Official main sponsor of Yatch Club de Monaco.
  • Easy account registration process.
  • Multiple tailored account types.
  • Supports all trading styles and strategies.
  • Multiple industry standard trading platforms available in web, mobile and desktop versions.
  • 8 account base currencies.
  • Deep liquidity with no requotes.
  • Ultra-fast order execution.
  • Offers both fixed and floating spreads.
  • Competitive spreads and low commissions.
  • Low minimum deposit.
  • Superior order execution.
  • Advanced online trading tools.
  • Dedicated customer support team available 24/7.
  • A variety of top-grade trading platform.
  • Suitable for both beginner and professional traders.

Cons

  • Inactivity fee charged after 12 months of account inactivity.
  • Demo account duration limited to 120 days.