Forex & CFD brokers in Brazil
Compare costs, account features and the legal entity for Brazilian clients. Confirm your eligibility before applying.
Compare 20 brokers
Ranked by Clarity Score
Copy trading is not intended for EU/UK/AU-based audiences
Why this fits: Offshore entity only: Pepperstone Markets Limited (SCB) — outside CVM's rules · Max leverage there: 1000:1 (offshore entity)
Costs and charges may vary depending on the jurisdiction
Why this fits: Offshore entity only: Raw Trading Ltd (trading as IC Markets Global) (FSA SD018) — outside CVM's rules · Max leverage there: 500:1 (offshore entity)
The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Varies by entity (entity unverified)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.
Why this fits: Offshore entity only: Tickmill Ltd (FSA) — outside CVM's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Offshore entity only: Gleneagle Securities Pty Limited (VFSC 40256) — outside CVM's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: VT Markets Limited (FSC GB23202269) — outside CVM's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: Eightcap Global Limited (SCB) — outside CVM's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: AxiTrader LLC (FSA 4303 LLC 2025) — outside CVM's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: XM Global Limited (FSC 8557558) — outside CVM's rules · Max leverage there: 1000:1 (offshore entity)
A multi-entity CFD broker with education resources, webinars, broad market access and copy trading availability. Entity, leverage and product terms should be verified before depositing.
Why this fits: Offshore entity only: PU Prime Limited (FSA SD050) — outside CVM's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: STARTRADER Financial Markets Limited (FSC GB24203371) — outside CVM's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
ForexCopy is not compatible with MT5 accounts. Confirm the account and platform before applying.
Why this fits: Country coverage recorded for Brazilian clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 5000:1 (entity unverified)
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Regulator
CVM
The CVM states no institution is currently authorised to offer forex/CFDs to the Brazilian public and treats unregistered solicitation of Brazilian residents as illegal securities activity — it has issued stop orders naming many international brands. Its guidance distinguishes a resident investing abroad on their own initiative from unauthorised solicitation into Brazil.
Leverage rules
No CVM-authorised retail forex/CFD offering exists, so no Brazilian leverage cap applies — leverage is set by whichever offshore entity onboards you, under that jurisdiction's rules.
Common deposit methods
PIX, Card, TED bank transfer
The account landscape in Brazil
Our country coverage records include 20 of the 23 platforms for Brazilian clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 10: 10 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 5 register-checked licence numbers so you can verify each firm yourself. On the numbers, the lowest all-in cost option here is Pepperstone. Offshore entities advertise more — up to 1000:1 at Pepperstone — but that leverage comes without the local regulator's protections.
Which legal entity onboards a Brazilian client
The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Brazilian clients, with licence details to verify on the official register. 10 records map to an offshore entity; confirm that company's terms and whether it accepts your application.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.
Trading costs for Brazilian traders
Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.
| Platform | All-in cost | Spread from | Commission | Min deposit | Withdrawal | Max leverage (by route) |
|---|---|---|---|---|---|---|
| Pepperstone | $···· | 0 pips | $7/lot | $10 | Same–next day | 1000:1 (offshore entity) |
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same–next day | 500:1 (offshore entity) |
| Tickmill | $···· | 0 pips | $6/lot | $100 | Same–next day | 1000:1 (offshore entity) |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same–next day | 500:1 (entity unverified) |
| Fusion Markets | $···· | 0 pips | $4.5/lot | $0 | <1 hrBroker-stated | — (offshore entity) |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 (entity unverified) |
| Vantage Markets | $$··· | 0 pips | $6/lot | $50 | Same–next day | 500:1 (entity unverified) |
| VT Markets | $$··· | 0 pips | $6/lot | $100 | Same–next day | 500:1 (offshore entity) |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 daysSame-day cut-off | 500:1 (offshore entity) |
| Axi | $$··· | 0 pips | $7/lot | $0 | 1–3 daysBank transfers | — (offshore entity) |
| PU Prime | $$··· | 0 pips | $7/lot | Account-dependent | InstantReported | 1000:1 (offshore entity) |
| StarTrader | $$··· | 0 pips | $6/lot | $50 | ≤24 hrs | 500:1 (offshore entity) |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | ≤24 hrs | 1000:1 (entity unverified) |
| Moneta Markets | $$··· | 0.1 pips | $6/lot | $50 | 1–2 business daysProcessing; broker-stated | 1000:1 (entity unverified) |
| HYCM | $$··· | 0.1 pips | $4/lot | $20 | 3–7 daysArrival · broker-stated | 500:1 (entity unverified) |
| FXTM | $$$·· | 0.1 pips | $4/lot | $10 | Same–next day | 1000:1 (entity unverified) |
| IG | $$$·· | 0.6 pips | — | $250 | 1–3 daysMethod-dependent | Varies by entity (entity unverified) |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 (offshore entity) |
| InstaForex | $$$·· | — | Check account quote | From USD1 | Method dependent | 5000:1 (entity unverified) |
Trading in Brazil — questions
Which legal entity could onboard a Brazilian client?
None of the broker records for Brazilian clients maps to a locally authorised entity in our checks. 10 records map Brazilian residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 10 we have not yet mapped the onboarding entity. Local oversight is CVM. Always confirm the entity named on your client agreement and its licence on the official register before depositing.
Which platform has the lowest cost in Brazil?
Among the 20 platforms in our country records for Brazilian traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.
What leverage can I use in Brazil?
No CVM-authorised retail forex/CFD offering exists, so no Brazilian leverage cap applies — leverage is set by whichever offshore entity onboards you, under that jurisdiction's rules. None of these broker records maps Brazilian clients to a locally authorised entity. 10 broker records map Brazilian residents to an offshore entity, where up to 1000:1 is advertised (Pepperstone). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Brazilian clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.