Best Trading Platform In Brazil

0
Regal Wallet Banner

In this article, we offer details about the best trading platforms in Brazil. We have tested 174 brokers and reviewed their platforms in 8 distinct categories. We experimented with all aspects of their offering, including platforms, apps, trading costs, account opening, portfolios, regulation, deposit & withdrawals, tools, and customer support. 

Platforms with the best scoring are below. 

Top 6 Trading Platforms In Brazil

best-trading-platform-brazil
  1. Saxo Bank – Best trading platform
  2. AVAtrade – Best Forex trading and CFD Platform
  3. eToro – Best for Social and Copy Trading
  4. Interactive Brokers – Great Overall Pick
  5. IQ Option Best Platform For Investors and Traders
  6. Libertex – Great for beginners

Best Online Trading Platforms In Brazil

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1Saxo Bank4.9Best trading platform Overall$10.000
#2AVAtrade4.8Best for CFD Trading$100
#3eToro4.9Best For Copy Traders $200
#4Interactive Brokers4.9Great Overall Pick$0
#5IQ Option4.7Best Platform For Investors and Traders$10
#6Libertex4.6Great for beginners$100


The sections below break down the best trading platforms in Brazil beginning with the highest-rated.

01. Saxo Bank: Best Premium Trading Platform 

saxo-bank-rating

Saxo Bank is a leading brokerage firm with a premium trading experience. It offers unique conditions for high-volume traders and premium services. Saxo Bank has a premium trading platform that uses industry-leading trading technology. Its interface is professional and offers impressive trade execution. The platforms available with Saxo Bank provide excellent features, an intuitive interface, and competitive margin rates. Saxo Bank has a comprehensive portfolio with 40,000 instruments. 

This broker has an expensive minimum deposit of $10,000. Its fees are above the industry average, and it has a transparent fee structure. Saxo Bank offers a premium trading experience with access to qualitative in-house research materials. 


02. AvaTrade: Best CFD Trading Platform 

ava-trade-rating-of-platform

AvaTrade is a top CFD broker with access to versatile platforms and portfolios. It offers a comprehensive trading platform and a secure mobile app. AvaTrade has an attractive asset portfolio with 1365 tradable symbols. This broker stands out because of its low forex spreads and premium options. 

This broker has a proprietary platform, AvaTradeGo, and access to the MetaTrader suite. AvaTrade has a reliable learning center with tutorials, trading materials, and videos. It is an excellent choice for new and semi-advanced traders. 


03. eToro: Best Platform For Social Trading Services 

etoro-rating

eToro is a secure global broker with industry-leading social trading services. It offers an excellent platform with access to social and copy trading tools. eToro uses cutting-edge technology for its platforms and mobile apps. 

eToro is a versatile provider with an excellent portfolio. It has 3075 symbols, including commodities, cryptocurrencies, indices, forex, and stocks. eToro has free deposits and a low account minimum. It is a good fit for intermediate and advanced traders because of its in-depth list of charts and technical tools. 

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: Best Entry-Level Platform 

interactive-brokers-rating

Interactive Brokers is a popular broker with both entry-level and professional trading platforms. It offers many trading tools, tradable markets, and advanced order types. Interactive Brokers is a secure provider that uses advanced safety protocols. 

The Global Trader platform is their entry-level service. It is intuitive and user-friendly. Advanced traders choose the Trader Workstation desktop platform. This is a professional platform with access to premium tools and services. 


05. IQ Option: Best Platform For Virtual Trading 

iq-option-rating

IQ Option has a comprehensive trading portfolio and stands out because of its virtual trading account. Its platforms offer access to demo trading solutions to allow traders to test their offerings. It is an ideal learning tool for traders at all levels. 

IQ Option has low spreads and competitive trading fees. It offers many account tiers, including Islamic accounts. IQ Option is a trustworthy broker with a top-tier license from the CySEC. It uses the highest standards of safety in the industry. 


06. Libertex: Best Platform For Inexperienced Traders 

libertex-rating

Libertex is a CySEC-regulated broker with CFD trading services. It has excellent market coverage with access to 53 forex pairs, 10 commodities, and 45 cryptos. Libertex has a simple fee structure with no hidden costs. It has tight spreads and a minimum deposit of $100. 

The trading platform at Libertex is straightforward. It covers all the tools necessary for beginners and average traders. Professionals will miss the professional account and advanced trading features. 


How To Select The Right Platform? 

To select the right platform, you need to focus on many aspects, including fees, platforms, deposits & withdrawals, customer service, portfolios, liquidity, and licenses. 

Fees: Trading fees are essential for your online trading experience. We recommend you select a broker with a simple fee structure. Avoid providers with hidden fees, overnight fees, and high trading costs. 

Trading Platforms: These need to be simple to use and intuitive. Platforms need to offer access to valuable tools and learning materials. You should choose a platform with built-in market data and a comprehensive market news feed. 

Mobile Trading: Mobile apps need to offer the same services as web platforms. Select a platform with the same tools and charts as their web versions. 

Deposit & Withdrawal: Deposit and withdrawal have to be straightforward. Select a brokerage firm with a simple funding process and access to your preferred payment methods. 

Assets: Traders in Brazil receive access to many tradable assets. You should look for coverage of popular asset classes, including indices, futures, forex, FOPs, stocks, bonds, swaps, cryptos, and ETFs. 

Regulation: Top-tier regulators ensure brokers follow strict rules. Choose a provider with top-tier licenses like the FCA, CySEC, and ASIC. 

Research & Education: Learning and research tools are helpful for traders at all levels. Select a platform with access to a valuable learning center and tools like webinars and daily news updates. 

Customer Service: New traders should choose a platform with 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 with Sharia law.

Regulation Of Trading Platforms In Brazil 

The regulation of trading platforms in Brazil is under the supervision of the National Financial System and the Brazilian Central Bank (BACEN). These are the leading regulatory bodies in Brazil that manage all financial activities. Providers with headquarters in Brazil have to request authorization from both entities. Foreign brokerage firms and exchanges don’t need a license from BACEN. 

License Verification 

License verification is a simple process. You need to access the main website of BACEN and search the documents section for the provider’s name. If the broker has its headquarters outside Brazil, you have to check the official websites of CySEC, BaFIN, ASIC, FCA, or FINRA. You might be dealing with an unregulated provider if their database doesn’t generate results. 

Conclusion

Based on our review, we consider Saxo Bank as the best trading platform for Brazilian residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features, and responsive customer support.

AVAtrade is the second-best trading platform for Brazil residents, because of its low fees, advanced trading tools, copy trading features, and 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.

FAQ

Are There Commission-Free Platforms In Brazil? 

Yes, there are different platforms in Brazil that have 0% commission trading, including eToro, and AvaTrade. 

How Much Should I Invest When Trading In Brazil? 

We recommend you start with the minimum deposit requirement. On average, the minimum deposit in Brazil is $50. 

Can You Crypto-Trade In Brazil? 

Yes, you can crypto trade in Brazil. The top platforms provide access to Bitcoin trading via CFDs. 

Can You Verify If A Platform Has A Valid License? 

Yes, you can verify if a platform has a valid license by accessing the ‘Registered and Reporting Entities’ databases on the main websites of regulatory bodies like the CySEC or FINRA. 

Are There Any Safety Risks For Traders In Brazil? 

Online trading comes with many risks. Trading in Brazil is legal. We recommend you choose secure platforms with top-tier licenses. Look for brokers with regulations from the FCA, ASIC, and CySEC. 


Methodology
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.

Disclaimer
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.

Previous articleBest Trading Platform in Brunei
Next articleHow to Buy Bitcoin in Oman
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here