In this guide, we go over the best trading platforms in Brazil. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 6 Trading Platforms in Brazil
- Saxo Bank – Best trading platform
- AVAtrade – Best Forex trading and CFD Platform
- eToro – Best for Social and Copy Trading
- Interactive Brokers – Great Overall Pick
- IQ Option – Best Platform For Investors and Traders
- Libertex – Great for beginners
Best Online Trading Platforms Brazil
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||Saxo Bank||4.9||Best trading platform Overall||$10.000|
|#2||AVAtrade||4.8||Best for CFD Trading||$100|
|#3||eToro||4.9||Best For Copy Traders||$200|
|#4||Interactive Brokers||4.9||Great Overall Pick||$0|
|#5||IQ Option||4.7||Best Platform For Investors and Traders||$10|
|#6||Libertex||4.6||Great for beginners||$100|
Below section breaks down the best trading platforms in Brazil beginning with the highest rated…
01. Saxo Bank: Best trading platform
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
02. AVATrade: Best for CFD Trading
AVAtrade is a well trusted global online broker for forex and CFD trading. Their multi-asset trading platform and mobile trading app enable traders to access 1365+ tradable symbols overall, including 1200+ CFD’s, major currency pairs with low forex spreads and premium options.
Beside their proprietary platform AVAtradeGo and MetaTrader, AVAtrade has great selection of copy trading solutions including ZuluTrade, DupliTrade and AVAsocial.
Account opening is fast, deposits and withdrawals are free of charge. The minimum deposit is $100.
Choose AVAtrade if you are a beginner or semi advanced forex trader, looking to trade major forex currency pairs, options or CFDs as stocks, cryptos, indices or commodities with premium services.
03. eToro: Best Broker For Social Trading
eToro is a reputable global brand and industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
04. Interactive Brokers: Great Overall Pick
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
05. IQ Option: Best Platform For Investors and Traders
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker commissioned by CySEC and subject to the highest standards of regulation in the industry. Options trading is no longer available.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
06. Libertex: Great for beginners
Libertex is a CySecregulated online broker, great for investors who are looking to trade CFDs on a wide variety of asset classes. Their market coverage combines 53 forex currency pairs, 45 cryptocurrencies, 10 commodities and a small range of US stocks and ETFs. The Libertex trading platforms are easy to use and cover all of the instruments beginners and average traders need for a solid trading experience.
Spreads are tight and there are no hidden fees. Minimum deposit is $100. The responsive customer supports makes Libertex a great option for beginners traders. Professionals will miss a pro account option with additional trading features.
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Brazil include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Brazil brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Brazil traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Brazil
Online trading in Brazil is available through the B3 Bolsa Do Brazil. This is the main stock exchange of the country, founded in 1890 and located in São Paulo. It only list Brazilian companies. If you want to trade international stocks, cryptocurrencies, or other financial instruments not offered by a Brazilian broker, you have to open a brokerage account with a offshore broker. Opening an offshore brokerage account for Brazilian citizens is legal, but there is a report obligation to the government. If you live in Brazil and want to trade online, we recommend trading only with the trusted brokers mentioned in this guide.
Online Trading Regulation
The National Financial System and the Brazilian Central Bank (Banco Central do Brasil) (BACEN) are the main regulatory bodies in Brazil to oversee all financial activities including online trading. Brazilian companies who offer online trading services need to be authorised by both entities. Foreign brokers and exchanges don’t need to be authorized to provide brokerage services to citizens of Brazil. Trading with cryptocurrencies is legal in Brazil. It is also legal for Brazil citizens to open a trading account with offshore brokers.
You can verify the validity of a broker’s or trading platform’s license by going to the official website of the SFN website and checking the ‘Registered Entities Database’ for the name of your broker. If the broker is based outside of Brazil, you can check the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in Brazil mentioned in this guide instead.
Based on our review, we consider Saxo Bank as the best trading platform for Brazil residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
AVAtrade is the second best trading platform for Brazil residents, because of their low fees, advanced trading tools, copy trading features, and a responsive customer support. eToro, Interactive Brokers, IQ Option and Libertex are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Brazil?
Yes, there are trading platforms available in Brazil that offer 0% commission trading like eToro and AvaTrade.
How Much Should I Invest When Trading Online in Brazil?
You should always invest at least the minimum deposit amount Brazil and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Brazil?
Yes, crypto trading is available to Brazilian citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker or trading platform has a valid license by checking the ‘Registered and Reporting Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Brazil-based brokers, you can check the official website of the SFN’s Registered Entities Database instead.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 6 Trading Platforms in Brazil
- 2 Best Online Trading Platforms Brazil
- 2.1 01. Saxo Bank: Best trading platform
- 2.2 02. AVATrade: Best for CFD Trading
- 2.3 03. eToro: Best Broker For Social Trading
- 2.4 04. Interactive Brokers: Great Overall Pick
- 2.5 05. IQ Option: Best Platform For Investors and Traders
- 2.6 06. Libertex: Great for beginners
- 2.7 How To Pick The Right Platform?
- 2.8 Online Trading In Brazil
- 2.9 Online Trading Regulation
- 2.10 License Verification
- 3 Conclusion