What should I look for when choosing a forex broker?

Focus on regulation (FCA, ASIC, CySEC), spreads and commissions, execution speed, leverage offered, and platform choice (MT4/MT5). Our ranking weights these factors algorithmically.

What is a good spread for forex trading?

Competitive EUR/USD spreads are below 1 pip on standard accounts and 0.1–0.3 pips on raw/ECN accounts. Brokers with tight spreads but commission charges often work out cheaper for active traders.

Is forex trading safe?

Forex is legal and safe when traded through a regulated broker. Look for brokers regulated by Tier-1 regulators such as the FCA (UK), ASIC (Australia), or CySEC (EU). Avoid unregulated offshore brokers.

What is the minimum deposit to trade forex in Brazil?

23 brokers on this list accept traders from Brazil with no minimum deposit ($0). The lowest non-zero minimum deposit among brokers available in Brazil is $1. For better risk management and position sizing, most experts recommend starting with at least $100–$200 regardless of the broker's minimum.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Interactive Brokers currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.

Best Forex Brokers in Brazil 2026 — Expert Rankings

What to Look For in Forex Brokers in Brazil

When selecting a forex broker in Brazil, the first criterion to consider is regulation. Brazilian traders need to ensure that the broker is regulated by a reputable body, such as the Comissão de Valores Mobiliários (CVM) or other international regulators like the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Regulation offers a layer of protection for traders, ensuring that the broker operates within a framework that prioritises transparency and fairness.

Another crucial factor is the cost structure of trading, which includes spreads, commissions, and any additional fees. Brazilian traders should look for brokers that offer competitive pricing without compromising on the quality of service. It is essential to compare these costs against the services provided, as lower costs might sometimes mean limited access to markets or fewer trading tools.

Lastly, the trading platform's user experience is pivotal. A broker's platform should be intuitive, stable, and equipped with robust analytical tools. Brazilian traders often benefit from platforms that support both desktop and mobile trading, allowing for flexibility and ease of access. Additionally, the availability of educational resources and customer support in Portuguese can significantly enhance the trading experience for Brazilian users.

How We Rank Forex Brokers in Brazil

Our ranking methodology for forex brokers in Brazil is comprehensive, focusing on six critical factors. Regulation accounts for 25% of the overall score, reflecting the importance of security and trust. We evaluate whether brokers are under the oversight of reputable regulatory bodies, which ensures adherence to industry standards and client protection.

Fees constitute 20% of the score, assessing both visible and hidden costs associated with trading. The quality and usability of trading platforms contribute 15%, evaluating the range of tools, ease of use, and technological robustness. The diversity of markets offered makes up 10%, reflecting the importance of access to a wide array of trading opportunities. Trust and user experience each contribute 15%, focusing on broker reputation, customer feedback, and the overall trading experience.

Top Picks at a Glance

Interactive Brokers: Known for its comprehensive trading platform and low-cost structure, Interactive Brokers is ideal for professional traders seeking extensive market access.
Forex.com: Forex.com stands out for its competitive spreads and robust educational resources, making it a favourite for both novice and experienced traders.
IG Group: Offering an exceptional range of trading tools and a top-tier platform, IG Group is perfect for traders looking for an advanced trading experience.
Vantage: Vantage excels with its user-friendly platform and strong customer support, providing a seamless trading experience.
Pepperstone: Renowned for its fast execution speeds and low-latency trading infrastructure, Pepperstone is the go-to choice for traders focusing on efficiency and reliability.

Best Forex Brokers in Brazil 2026

Interactive Brokers

Forex.com

IG Group

FxPro

Pepperstone

OANDA

City Index

CMC Markets

XM

eToro

Saxo Bank

Plus500

AvaTrade

Capital.com

BlackBull Markets

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

XTB

ForTrade

Swissquote

HFM

Admiral Markets

Exness

Deriv

Markets.com

Phillip Capital

IronFX

Dukascopy

Libertex

FXCM

FxOpen

Exante

Axi

Eightcap

EasyMarkets

MultiBank Group

InstaForex

FXTM

Webull

Trading 212

Fusion Markets

ActivTrades

Octa

NAGA

Moneta Markets

Purple Trading

Skilling

Fineco Bank

TMGM

HYCM

Aetos Capital

LiteFinance

Phillip Nova

LYNX Broker

Binance

Spreadex

Just2Trade

VT Markets

Freedom Finance

Tickmill

GO Markets

OCBC Securities

UOB Kay Hian

KGI Securities

CIMB Securities

Blueberry Markets

Equiti

ACY Securities

Capital Index

Amana Capital

Windsor Brokers

BDSwiss

FXGT

Valutrades

JustMarkets

Orbex