The traders who look to trade on the Forex market in Brazil mostly prefer only regulated brokers. The Financial markets in Brazil are supervised and controlled by Banco Central do Brazil or Central Bank of Brazil (BCB), however international Forex brokers who accept Brazilian traders are not required to have licences from BCB. So, before selecting the offshore Forex brokers, traders have to check the offshore brokers’ regulatory bodies and their terms and conditions.
The regulatory body to supervise the trading in Brazil is the Securities and Exchange Commission of Brazil or Comissao de Valores Mobiliarios (CVM).
CVM regulatory body is directly controlled by the Ministry of Economy, and they are responsible for regulating the companies who look to participate in capital markets, stock exchanges, public companies, and investors.
You can check the various companies’ information through their official website www.cvm.gov.br. For Brazilian residents and other traders who like to trade in Brazil, we recommend you follow them on Twitter @cvmgovbr.
Our research team in tradingcritique.com analysed a lot of Forex brokers in Brazil and listed out the Top 3 out of them based on various factors like Regulations, Portuguese language customer support, Trading Instruments, Fees, User reviews, etc. As we do not find many likely brokers regulated by BCB or CVM we have listed offshore brokers who are regulated under their jurisdiction and have authorised to accept traders from Brazil.
1. IQ Option
| Website link | IQ Option Brazil |
| Regulations | CySEC and FSA Seychelles |
| Minimum Deposit | $10 |
| Forex Pairs | 120 Currency Pairs |
| Trading Platforms | IQ Option Trading Platform |
| Fees | Spreads, Overnight fees, Inactivity fees, Withdrawal fees (Only Bank transfer) |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | Yes |
| Demo Account | Yes with $10,000 |
| Deposit Method | Visa, Master Card, UPI, Net Banking, RuPay, Globepay, Skrill, advcash, Perfect Money, WebMoney WMZ |
| Monthly visitors from Brazil | 1.2Million (33.04% from total visitors) |
IQ Option is founded in the year of 2013 by Dmitry Zaretsky in the name of IQ Option Europe Ltd. The company is based in Cyprus and regulated by Cyprus Securities and Exchange Commission. It is designated as Cypriot Investment Firm (CIF). With these regulations, they can provide financial services to traders from European Economic Area (EEA).
For providing financial service to other countries their sister company has been formed under the name IQ option ltd based in Mahe, Seychelles and it is regulated by Financial Service Authority (FSA).
IQ Options provide two types of accounts to their traders, Real and VIP account. A real account can be opened with a minimum deposit of $10 and have access to trade on more than 500 assets. VIP account can be opened with $3000 with 3% additional returns and free entry in any tournament.
IQ Options offers educational resources about them through a separate website known as iqoptionwiki.com which helps the new traders to interact with experienced traders to expand their trading knowledge and strategies.
IQ Option provides excellent customer support. They operate 24/7 in 17 different languages.
2. IC Markets
| Website link | IC Markets Brazil |
| Regulations | SCB Bahamas, ASIC, CySEC, and FSA Seychelles |
| Minimum Deposit | $200 |
| Forex Pairs | 63 Currency Pairs |
| Trading Platforms | MT4, MT5, cTrader, Social trading, Automated trading |
| Fees | Spreads, Overnight fees, Inactivity fees, Withdrawal fees (Only International Bank transfer) |
| Guaranteed Negative Protection | No |
| Guaranteed Stop Loss | No |
| Demo Account | Yes with $100,000 |
| Deposit Method | Visa, Master Card, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLi, RapidPay, Klarna, Bank Transfer |
| Monthly visitors from Brazil | 271.7K (7.15% from total visitors) |
IC Markets is founded in the year 2007 by Australian Entrepreneur Andrew Budzinski in Sydney, Australia. It is mainly focused on retail Forex and Contract for Difference (CFDs) trading. The legal entities of the company are registered in Australia (ASIC), Seychelles (FSA), Cyprus (CySEC) and The Bahamas (SCB ).
IC Markets segregate their clients’ funds and maintain them at trustable banks like Westpac and National Australia Bank (NAB) so that they won’t use those funds for any sort of company expenses.
IC Markets offer three types of accounts, namely, cTrader (Raw Spread) account, Raw Spread account and Standard account. Each account varies from trading platforms, commissions and Spreads.
IC Markets have offices at 4 locations in 4 countries Mahe (Seychelles), Sydney (Australia), Limassol (Cyprus) and Nassau (The Bahamas). They do offer dedicated customer support 24/7.
3. ActivTrades
| Website link | ActivTrades Brazil |
| Regulations | SCB Bahamas and FCA |
| Minimum Deposit | $500 |
| Forex Pairs | 48 Currency Pairs |
| Trading Platforms | MT4, MT5, ActivTrader Platform |
| Fees | Spreads, Commission (Shares), Overnight fees, Inactivity fees, Withdrawal fees (Bank transfer) |
| Guaranteed Negative Protection | Yes |
| Guaranteed Stop Loss | No |
| Demo Account | Yes with $10,000 |
| Deposit Method | Visa, Master card, Neteller, Skrill, Sofort, PayPal, Bank Transfer |
| Monthly visitors from Brazil | 157.2K (52.95% from total visitors) |
ActivTrades was founded in the year 2001 by Alex Pusco as a stock brokerage in Switzerland and moved to London in 2005. Initially, they have been specialized in Forex and now they have expanded the range of products where the trader can choose over 1000 CFDs or Spread betting instruments across Forex, Indices, Shares, Commodities, and ETFs.
ActivTrades Corp purchased insurance protection to cover losses separately (Excess of Loss Insurance Policy) which covers up to USD 1,000,000 for every individual client.
ActivTrades offers award-winning 24/7 customer support in 14 languages. It also has 5 registered offices in 5 different countries, which are London (United Kingdom), Luxembourg, Nassau (Bahamas), Milano (Italy), Sofia (Bulgaria).
To Sum Up, the Top 3 Forex Brokers in Brazil this 2023 are,
One Final Conclusion
Our research team has analysed more than 60 Forex brokers in Brazil and listed you the Top 3 among them based on their uniqueness, features, regulations, and user comments. The broker platforms ranked here are the best forex brokers in dealing with Brazilian traders according to the research team of tradingcritique.com.
Choosing the right broker is the most important thing in this trading industry. So, consider the advice given by our expert team and choose the brokers according to your trading requirements.
