5 Best Forex Brokers in Brazil
We have listed the 5 Best Forex Brokers in Brazil that provide secure and seamless access to the global forex markets. These brokers are regulated by top international authorities and offer Brazilian traders tight spreads, fast execution, and reliable trading platforms. While Brazil does not have a dedicated forex regulatory body, traders can operate safely through brokers licensed by reputable global regulators. Brazilian investors enjoy convenient local payment methods, support for BRL deposits, and Portuguese-language assistance.
5 Best Forex Brokers in Brazil (2025)
- Axi – Overall, the Best Forex Broker in Brazil
- CMC Markets – Popular in Brazil for its transparent pricing and low-cost trading.
- Blackbull Markets – Welcomes Brazilian traders with USD and crypto funding options.
- Pepperstone – Offers full Portuguese support
- FxPro – Accepts Brazilian clients with flexible deposit and withdrawal options.
Top 10 Forex Brokers (Globally)
1. Axi
Axi operates as a fully regulated forex broker under top-tier authorities such as 🇦🇺 ASIC, 🇬🇧 FCA, and 🇦🇪 DFSA. While it is not locally authorized in Brazil, Axi actively welcomes Brazilian traders through its global entities, offering secure access to forex, indices, and commodities.
| Feature | Details |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇦🇪 DFSA |
| Local Access | Accepts Brazilian traders |
| Platforms | MetaTrader 4 |
| Leverage | Up to 1:500 |
| Languages | Includes Portuguese support |
| Spreads | From 0.0 pips |
| Deposits | Local-friendly and global methods |
 | Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Frequently Asked Questions
Is Axi regulated to offer forex trading in Brazil?
Axi is not directly regulated in Brazil but maintains strict compliance under global regulators such as 🇦🇺 ASIC and 🇬🇧 FCA. Brazilian traders can trade safely through Axi’s international branches that follow robust security and transparency standards.
Can Brazilian traders open an Axi account?
Yes, Axi accepts traders from Brazil. Clients can easily register, verify their identity online, and fund their accounts in USD. The broker supports international deposits, fast withdrawals, and full Portuguese-language assistance for Brazilian users.
| Minimum Deposit: $5 Regulated by: ASIC, FCA, DFSA, VFSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Globally regulated broker | No local 🇧🇷 license |
| Tight 0.0-pip spreads | Limited asset variety |
| Supports MT4 with add-ons | No MT5 platform |
| Portuguese support available | No crypto funding |
| Fast account setup | Withdrawal fees vary |
Our Insights
Axi stands out as a secure, globally trusted broker that gives Brazilian traders professional access to global forex markets. Its combination of tier-one regulation, tight spreads, and reliable platforms makes it a smart choice for both new and experienced traders in Brazil.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. CMC Markets
CMC Markets operates as a globally regulated broker under 🇬🇧 FCA, 🇦🇺 ASIC, and 🇸🇬 MAS. While it does not hold a local Brazilian license, it accepts traders from Brazil through its international entities, providing secure access to forex, indices, and CFD markets with tight spreads and professional tools.
| Feature | Details |
| Regulation | 🇬🇧 FCA 🇦🇺 ASIC 🇸🇬 MAS |
| Local Access | Accepts Brazilian traders |
| Platforms | Proprietary Platform MT4 |
| Leverage | Up to 1:500 |
| Languages | Includes Portuguese support |
| Spreads | From 0.7 pips |
| Deposit Requirement | None |
 | Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Frequently Asked Questions
Is CMC Markets regulated to offer forex trading in Brazil?
CMC Markets is not directly regulated in Brazil, but it holds multiple international licenses under authorities such as 🇬🇧 FCA and 🇦🇺 ASIC. Brazilian traders can legally trade through its global branches, which follow strict safety and transparency standards.
Can Brazilian traders open a CMC Markets account?
Yes, Brazilian traders can open an account with CMC Markets through its global operations. The broker offers an easy online registration process, multilingual support, and a range of platforms, including its advanced proprietary system and MetaTrader 4.
| Minimum Deposit: $0 Regulated by: BaFin, FCA, ASIC, MAS, FMA, IIROC, DFSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Highly regulated under multiple authorities | No local 🇧🇷 license |
| Tight spreads from 0.7 pips | Limited local payment options |
| Advanced proprietary trading platform | No crypto trading |
| Accepts Brazilian traders | Demo account limited in duration |
| Strong global reputation | Customer support not 24/7 |
Our Insights
CMC Markets combines top-tier regulation, advanced platforms, and fair pricing to serve traders worldwide, including those in Brazil. Its global reputation, transparent fees, and reliable execution make it an excellent option for Brazilian clients seeking professional forex trading conditions.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Blackbull Markets
BlackBull Markets holds regulatory oversight from the Financial Markets Authority (FMA, New Zealand) and the Financial Services Authority (FSA, Seychelles). It accepts clients from Brazil, allowing Brazilian traders to open accounts and trade forex under its global regulatory entities.
| Feature | Summary |
| Regulation | 🇳🇿 FMA 🇸🇨 FSA |
| Brazil Access | Accepts Brazilian traders |
| Minimum Deposit | From $0 for standard accounts |
| Leverage | Up to 1:500 |
| Spreads | From 0.0 pips |
| Platforms | MT4 MT5 cTrader TradingView |
| Local Office | No Brazilian branch |
 | Minimum Deposit: $0 Regulated by: FMA Crypto: Yes |
Frequently Asked Questions
Is BlackBull Markets regulated for Brazilian traders?
Yes, BlackBull Markets is regulated internationally by 🇳🇿 FMA and 🇸🇨 FSA, but it does not hold a dedicated Brazilian licence. Brazilian clients trade under one of its global entities with full compliance and safety measures.
Can Brazilian traders open a live account with BlackBull Markets?
Yes, Brazilian traders can open live accounts. BlackBull Markets supports account registration, funding, and trading in Brazil, offering multiple platforms, competitive spreads, and professional trading conditions.
| Minimum Deposit: $0 Regulated by: FMA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Very tight spreads from 0.0 pips | No local Brazilian licence |
| Accepts Brazilian clients | Regulatory protection weaker than tier‑one licences |
| High leverage available | Limited local deposit/withdrawal options |
| Many trading platforms supported | Institutional fees may apply for premium accounts |
| Low or zero minimum deposit | Mixed reviews on withdrawal speeds |
Our Insights
BlackBull Markets provides Brazilian traders access to global forex markets under reputable international regulation. While it lacks a local Brazilian licence, it accepts Brazilian clients and offers competitive spreads, high leverage, and multiple platforms, making it a solid choice for forex trading from Brazil.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
Top 3 Forex Brokers in Mexico – Compared
| Broker |  |  |  |
| Minimum Deposit | 0 USD - 25,000 USD | None | None |
| Spreads From | 0.0 pips | 0.7 pips on Forex | 0.0 pips |
| Commissions | $7 round trip (Pro and Elite) | No commission on Forex and most CFDs | Varies by account type |
| Swap Fees | Varies | Yes | Varies by position |
| Leverage | Up to 1:500 (varies by entity) | Up to 1:500 | Up to 1:500 |
| Fund Withdrawal Fee | Varies by method | No fees | None |
| Account Segregation | Yes | Yes | Yes |
| Negative Balance Protection | Yes | Yes | Yes |
| Investor Protection Schemes | Yes | Yes | Yes |
| Regulation | 🇦🇺 ASIC 🇬🇧 FCA 🇦🇪 DFSA 🇻🇺 VFSC | 🇬🇧 FCA 🇨🇦 IIROC 🇦🇺 ASIC 🇳🇿 FMA 🇸🇬 MAS | 🇳🇿 FMA 🇸🇨 FSA |
| Open an Account |  | | |
4. Pepperstone
Pepperstone holds robust licences with 🇦🇺 ASIC, 🇬🇧 FCA, and 🇨 Cyprus CySEC. It does not hold a licence in Brazil, but it may onboard Brazilian-resident traders through its global entities. It does not operate a local Brazilian branch or actively market to Brazil.
| Feature | Summary |
| Regulation | ASIC FCA CySEC |
| Brazil Access | Some form of access available |
| Local Licence | None in Brazil |
| Platforms | MT4 MT5 cTrader TradingView |
| Standout for Brazil | Global oversight, Portuguese support |
 | Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Frequently Asked Questions
Is Pepperstone regulated to offer forex trading specifically in Brazil?
No. Pepperstone does not carry a licence from the Brazilian regulator Comissão de Valores Mobiliários (CVM). It operates under international regulators such as 🇦🇺 ASIC and 🇬🇧 FCA, but Brazilian clients trade without local regulatory coverage.
Can Brazilian traders open an account with Pepperstone?
Yes, some Brazilian traders can open accounts via Pepperstone’s global entity. Clients gain access to advanced platforms and competitive trading conditions, though Brazil-specific protections and local services are limited.
| Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong regulation by multiple top-tier authorities | No official Brazilian licence from CVM |
| Offers multiple advanced platforms and tools | Limited local deposit and withdrawal options |
| Competitive spreads and fast execution | Portuguese service may still be non-local |
| Accepts some Brazilian clients via global entity | Brazilian traders lack local investor protections |
| Regular global reviews praise trading environment | Broker does not actively market in Brazil |
Our Insights
Pepperstone offers strong global regulation, advanced platforms, and competitive pricing, making it a high-quality broker. Brazilian traders can access its services, but the lack of local Brazilian authorisation means fewer protections and limited Brazil-focused support.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐☆☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐☆☆ |
5. FxPro
FxPro holds strong licences under the Financial Conduct Authority (UK) 🇬🇧, the Cyprus Securities and Exchange Commission 🇨🇾, and the Securities Commission of The Bahamas 🇧🇸. It accepts traders from Brazil, allowing Brazilian clients to access global forex and CFD markets securely with international regulatory protection.
| Feature | Summary |
| Regulation | 🇬🇧 FCA 🇨🇾 CySEC 🇧🇸 SCB |
| Brazil Access | Accepts Brazilian traders |
| Local Licence | None in Brazil |
| Platforms | MT4 MT5 cTrader |
| Brazil Stand‑out | Portuguese support, global footprint |
 | Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Frequently Asked Questions
Is FxPro regulated to offer forex trading in Brazil?
Yes, FxPro is regulated by top‑tier authorities such as 🇬🇧 FCA and 🇨🇾 CySEC. Although it does not hold a dedicated Brazilian licence, Brazilian clients trade under its global regulatory framework with strong fund protection and compliance standards.
Can Brazilian traders open a live account with FxPro?
Yes, Brazilian traders can open live accounts. FxPro accepts clients from Brazil and provides account opening, funding, and trading across platforms, including MetaTrader 4, MetaTrader 5, and cTrader, offering professional trading conditions.
| Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong regulation by respected authorities | Lacks a Brazilian local licence |
| Accepts traders from Brazil | Brazil‑specific deposit and withdrawal options may be limited |
| Multiple advanced platforms and account types | Brazil‑specific protections may not match local brokers |
| Competitive spreads and global market access | Localised marketing and support may be minimal |
| Robust client fund segregation and safety measures | Some Brazil‑oriented conditions may vary |
Our Insights
FxPro offers Brazilian traders access to a globally regulated environment with competitive platforms and strong client protection. Despite lacking a local Brazilian licence, it operates reliably under international regulations and represents a solid choice for forex trading from Brazil.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Brazil – Head to Head
| Offers multilingual support including Portuguese assistance. | |  |
| Access to 12,000+ instruments across forex, indices, and shares. | | |
| Supports MT4, MT5, and TradingView - fitting all trading styles. | | |
 | Excellent for Brazilian traders seeking low latency global access. | | |
 | Accepts Brazilian clients with flexible deposit and withdrawal options. | | |
Forex Trading in Brazil – Quick Overview
Forex trading in Brazil is growing steadily as more retail traders gain access to global markets. While Brazil does not have a dedicated retail forex regulator, traders can legally trade through internationally regulated brokers. Brazilian traders benefit from Portuguese-language support, local banking options, and competitive leverage, making the market accessible to beginners and professionals alike.
Pros and Cons of Forex Trading in Brazil
| ✓ Pros | ✕ Cons |
| Legal and widely accessible | No local retail regulator |
| Many international brokers available | Limited local investor protections |
| Supports Portuguese-language platforms | Some brokers have high fees |
| Local deposit and withdrawal options | Leverage risks exist |
| Access to global currency markets | Limited local educational resources |
You might also like:
In Conclusion
Forex trading in Brazil offers strong opportunities for both beginners and experienced traders. Access to global brokers, modern platforms, and local banking options makes trading convenient and relatively secure, although users should always consider broker regulation and fund protection when choosing a provider.
Faq
Yes, forex trading is legal for Brazilian residents, provided they use regulated international brokers.
No, Brazil does not have a specific retail forex regulator. Traders rely on international authorities for security.
Yes, many international brokers accept Brazilian Reais, simplifying funding and withdrawals.
Traders in Brazil typically use MetaTrader 4, MetaTrader 5, cTrader, or proprietary broker platforms.
Yes, Brazilian traders can access leverage up to 1:500, depending on the broker and account type.
