2 Best Online Forex Brokers in Brazil – In Depth Review and Updates 2024

By Wilbert S

January 10, 2024   •   Fact checked by Dumb Little Man

Want to jump straight to the answer? The best forex broker for traders is Avatrade

The #1 Forex Trading Course is Asia Forex Mentor

Are you looking to invest in the forex exchange market from Brazil? Well, lucky for you, the forex market is global and the only thing you need is a good broker. The great news is that some of the best brokers in the world accept applications from Brazilian traders.

It’s just a matter of finding a brokerage firm that suits your needs, and that which is regulated by the central bank of Brazil and related entities. It’s understandable though if you are having issues finding the right broker to trade forex. After all, there is a huge variety of options to choose from. But do not worry. We have done some extensive research and came up with some of the best forex brokers for retail investors. Here is the full list:

Best Online Forex Brokers in Brazil

BrokerBest ForMore Details

Advanced Non-US Traders
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securely through Avatrade website
Best Forex Trading Software
Overall Broker
Read Review

securely through Forex.com website

2 Best Online Forex Brokers in Brazil

#1. Best Advanced for Non-US Traders: Avatrade

Photo: Avatrade

When it comes to trading forex and CFDs, AvaTrade is a global brand. Although the brokerage firm was founded in Ireland, it has spread its wings all over the planet. AvaTrade is regulated by various bodies too including the Financial Conduct Authority, the Exchange Commission of Brazil and so many others.

The firm also has a wide range of incredible features to enjoy. First, you get a wide range of platforms to trade forex and other assets. In fact, forex trading platforms MT4 MT5 are two of the main ones here but there is also a proprietary trading platform built by the firm.

AvaTrade also offers a quite significant variety of tradable assets, more than 1200 in total. You also get tight spreads on currency pairs, lower fees, and a dedicated customer support team to help you through anything you need.

How does it work?

Before you start using the services offered by AvaTrade to invest in capital markets, it’s important to understand the risks involved. As a disclaimer, CFDs are complex instruments with a high risk of losing your money. You should consider whether you can afford to take the high risk involved before you start trading with AvaTrade.

Nonetheless, the first step is to head over to the firm’s website and click the sign-up button. You will need to key in some personal info and upload a few supporting documents for account verification. Once this is done, go ahead and fund your account.

Please note that the min deposit for AvaTrade is $100. You can however deposit funds through different methods. As soon as the balance is reflected in your account, you can start trading right away. Be sure to also take advantage of the proprietary research and trade signals offered by this broker.


  • Easy to open an account and trade in the global markets
  • Allows copy trading for beginner investors
  • You get a huge variety of tradable assets including commodities and crypto
  • Regulated by top tier bodies including the Exchange Commission of Brazil
  • Offers low trading fees and tight spreads on forex
  • You can open a free demo account and hone your skills before trading real money


  • Only offers CFDs trading, forex pairs, and a small selected crypto asset class
  • You may end up paying very high inactivity fees


AvaTrade is a low-cost brokerage whose standard trading fees are way below the average charged in the industry. The firm uses a spread-based system to charge clients. However, spreads are very low here, in fact, the EUR/USD spread can go as low as 0.9 pips.

AvaTrade does not also charge deposit and withdrawal fees or any other fixed commissions. Although these fees are a bit higher compared to other brokers like CMC Markets, the fact that you don’t have to pay other hidden charges means that you may end up paying less in the long run.

BrokerBest ForMore Details

Best Overall Broker
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securely through Avatrade website

#2. Best Overall Broker: Forex.com

Photo: Forex.com

Forex.com is a global specialist for global forex traders in Brazil and many other countries around the world. It is in fact one of the few trading platforms that are specially built for the forex exchange. Nonetheless, there are also some incredible features to note. First, you get fast and technologically superior trading technology and tools including the forex platforms mt4 mt5.

Forex.com also gives you access to over 4500 markets in different stock exchanges. Some of the most popular asset classes here include Indices, forex, commodities, equities, and others. You will also be able to trade CFDs with leverage, something that can help you increase the potential returns in a huge way.

The mobile trading experience offered at Forex.com is also incredible. However, you can still use a desktop and web version of its trading platforms to have that versatility a trader needs. Forex.com is a regulated forex broker too and as such, it’s safe and risk-free for all.

How does it work?

As with many top-tier brokers operating in Brazil and other countries, getting started is quite straightforward. The first step is to always head over to their main website and open an account. Now, if you are new to forex trading, it would be best to start with a demo account and see how the trading works.

That way, you will be able to hone your skills before you start trading real money. The good thing about Forex.com is the fact that it has very lenient KYC screening. Other than identity and address verification, not a lot will be needed from your side. It should take less than 24 hours to open any account type here and have it funded. After that, you can access the platforms MT4 MT5 and start opening and closing positions.


  • Top-rated broker with global name recognition around the world
  • Offers some of the lowest trading fees of any forex broker
  • You get a wide variety of forex platforms including mobile, desktop, and a browser version
  • Low spreads on currency pairs and other CFD products
  • Access to over 4500 markets in all major global stock exchanges


  • The educational themes provided by the broker can be intimidating for beginners
  • Fees for certain CFDs are quite high


The fees charged by Forex.com will typically depend on your account type. But generally, the broker is considered more affordable in many ways. For the standard basic account, which is the most common account type for different users, you will get a traditional spread pricing system on forex trading.

However, if you are seeking tighter spreads with lower fees, then you can pick a Commission based account. Here, fixed commissions are applied to your trades so it’s suited for large-volume traders. But institutional or large individual traders can opt for the Direct Market Access Account. The account is only available on Forex.com’s proprietary trading platform and requires a minimum trade volume of at least $25000. But you will pay ultra-low fees on such high volumes.

BrokerBest ForMore Details
Best Forex Trading Software

Overall Broker
Read Review

securely through Forex.com website

How we rank the Best Online Forex Brokers in Brazil?

Photo: Canva

Our ranking of the best forex brokers operating in Brazil was done through comprehensive research and analysis. Our team looked at certain factors though to determine which brokerages would get the node. The first thing we looked at is of course the trading fees. The last thing forex traders need is a broker that charges too much money in fees. This can cut your margins and reduce your profits massively.

There were also a lot of considerations on trading platforms. In fact, the team tested out each and every platform in our list for usability, speed, and innovative trading features. The platforms that ranked higher in these metrics were given a better-weighted score which was later used to rank the brokers associated with them.

Thirdly, we also looked at the reputation of each broker. This involved digging deep into customer reviews and other information to see if indeed these brokerages have a good history. The team also looked at things like customer support, easy account setup, and the availability of adequate educational materials to help beginners get started.

How to choose the Best Online Forex Brokers in Brazil?

Photo: Canva

As you can probably see, the forex market is filled with a lot of brokers. Each of these broker firms tends to promise a lot but sadly, only a handful can be trusted to deliver for traders out there. Well, there are actually some important factors you can look for before you start.

The first thing is to check how safe and secure the broker is. In most cases, brokerages that are fully regulated by top-tier government bodies tend to offer better safety and security. You may also want to look at how much the broker charges for trades. While it’s always nice to go for the lowest trading fee, make sure you also get value for your money. This involves checking to see if there is good customer support, better trading tools, and so much more.

Speaking of trading tools, it is also a great idea to ensure that the brokerage you are using has advanced trading platforms and tools that help you manage risk. Finally, always test out a broker before you commit. These firms offer paper trading accounts that you can use to gauge just how good they are.

Choose Asia Forex Mentor for Your Forex and Stocks Trading Success

If you have a keen interest in establishing a successful career in forex trading and aspire to achieve substantial financial gains, Asia Forex Mentor stands as the optimal choice for the best forex, stock, and crypto trading course. Ezekiel Chew, renowned as the visionary behind trading institutions and banks, is the driving force behind Asia Forex Mentor. On a personal note, Ezekiel consistently achieves seven-figure trades, a distinction that truly sets him apart from other educators in the field. Here are the compelling reasons that underpin our recommendation:

Comprehensive Curriculum: Asia Forex Mentor offers an all-encompassing educational program that covers stock, crypto, and forex trading. This well-structured curriculum equips aspiring traders with the knowledge and skills necessary to excel in these diverse markets.

Proven Track Record: The credibility of Asia Forex Mentor is firmly established through its impressive track record of producing consistently profitable traders across various market sectors. This achievement serves as a testament to the effectiveness of their training methodologies and mentorship.

Expert Mentors: At Asia Forex Mentor, students benefit from the guidance and insights of experienced mentors who have demonstrated remarkable success in stock, crypto, and forex trading. These mentors provide personalized support, enabling students to navigate the intricacies of each market with confidence.

Supportive Community: Joining Asia Forex Mentor brings access to a supportive community of like-minded traders pursuing success in the stock, crypto, and forex markets. This community fosters collaboration, idea-sharing, and peer learning, enhancing the overall learning experience.

Emphasis on Discipline and Psychology: Success in trading necessitates a strong mindset and disciplined approach. Asia Forex Mentor provides crucial psychological training to help traders manage emotions, handle stress, and make rational decisions during trading.

Constant Updates and Resources: The financial markets are dynamic, and Asia Forex Mentor ensures that students remain up-to-date with the latest trends, strategies, and market insights. Continuous access to valuable resources keeps traders ahead of the curve.

Success Stories: Asia Forex Mentor takes pride in a multitude of success stories where students have transformed their trading careers and achieved financial independence through their comprehensive forex, stock, and crypto trading education.

In summary, Asia Forex Mentor emerges as the premier choice for those seeking the best forex, stock, and crypto trading course to carve a rewarding career and achieve financial prosperity. Through its comprehensive curriculum, experienced mentors, practical approach, and supportive community, Asia Forex Mentor provides the necessary tools and guidance to mold aspiring traders into accomplished professionals across diverse financial markets.





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Conclusion: Best Online Forex Brokers in Brazil

Photo: Canva

Success in the forex market involves a lot of things. But having the right broker by your side is always very important. While there are a few high-profile brokers that you can go for, Avatrade is typically highly recommended. The firm is a full-service brokerage that serves clients all over the world, including in Brazil.

It has a huge variety of tradable assets including stocks, options, indices, CFDs, and of course forex. The trading platforms offered by Avatrade are also technologically superior and come with some innovative trading tools to help you take advantage of the forex market. You will also enjoy some of the lowest fees of any broker, quick customer support, and a superb mobile trading experience.

But even with all these good things, there are a few areas where the broker should improve. First, the KYC screening for non-US traders can be quite overwhelming for some people. We also noticed that the educational content offered here does not match up to other top-tier brokers. But despite this, Avatrade is a highly rated firm and should be a great place to start for Brazilian traders.

Best Online Forex Brokers in Brazil FAQs

Is Forex trading legal in Brazil?

Yes, forex trading is legal in many countries, including Brazil. However, CFDs in forex are complex and there is a high risk of losing money when trading. You should consider whether you understand how CFDs work and whether you can afford to take the risk. But if you know what you are doing, it should be easy to make decent returns in forex.

What are retail investor accounts?

Retail investor accounts are basically individual accounts offered by some of the leading brokers out there. They are typically used by small ticket investors who want direct access to global capital markets. However, most retail investor accounts lose money when trading CFDs with different brokers. So, before you take the dive into trading, always be sure you can afford to take the high risk of losing your money.

Does forex broker lose money?

Most brokers normally hold client deposits in separate accounts. The client money is never used to finance any in-house activity by the brokerage. This, therefore, means that the risk of brokers losing money is actually very low. But only top-tier brokers can give you that guarantee.




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#1 Forex, Crypto and Stocks trading course. Ranked most comprehensive by Investopedia and Best by Benzinga. Free to Try!


Wilbert S

Wilbert is an avid researcher and is deeply passionate about finance and health. When he's not working, he writes research and review articles by doing a thorough analysis on the products based on personal experience, user reviews and feedbacks from forums, quora, reddit, trustpilot amongst others.

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