Brokers by Country · BR
Stock Brokers in Brazil, 2026
Tracked byIndependent review teamUpdated
Brazil's regulated retail derivatives market is centred on B3 (the Brazilian exchange) under CVM supervision; OTC retail forex through international CFD brokers operates in a legal grey area. Licensed local brokerages — XP, Rico, Clear, Modal — offer exchange-traded mini-futures (FX-USD, equity-index, commodity) which are the canonical retail FX-equivalent product. International OTC CFD brands operate via offshore entities and are routinely named in CVM warnings.
2 / 4 brokers accept Brazil
stockEditorial top pick
01Editorial top pick
01Deriv
BVIMFSAOpen account at Deriv →- Avg spread
- 0.70pip
- Cost / lot
- $7.00
- Min deposit
- $5
- Max leverage
- 1:1000
editorial estimateno commissionEU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000$5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill
Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product categoryPlatformsMetaTrader 5, Deriv XFounded in 1999 · Verified Jun 1, 2026
- 02
02XM Group
ASICCySECIFSCOpen account at XM Group →- Avg spread
- 1.30pip
- Cost / lot
- $13.00
- Min deposit
- $5
- Max leverage
- 1:1000
midpoint of broker rangeno commissionEU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000$5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list
Fits ifYou want the lowest-friction entry in our list — $5 minimum depositPlatformsMetaTrader 4, MetaTrader 5, Web TraderFounded in 2009 · Verified Jun 1, 2026
Country context
- Regulator
- CVM · Comissão de Valores Mobiliários — supervises capital markets; B3 is the regulated derivatives venue
- Currency
- BRL
- Payment methods
- PIXBank transferBoletoVisaMastercard
Day-trading profits on B3 are taxed at 20% (no exemption). Position-trade profits above the R$20,000 monthly exemption are taxed at 15%. Losses can offset future profits within the same category. Profits from offshore brokers are taxable as ordinary income at progressive rates up to 27.5% and must be declared via Carnê-Leão on a monthly basis.
B3 sets margin requirements per contract; there is no statutory retail leverage cap on exchange-traded futures, but margin levels and intraday risk controls are strict. Outbound capital flows for offshore brokerage funding fall under SISBACEN reporting requirements above USD 10,000 per transaction. CVM and the Federal Police have actively prosecuted Ponzi-style FX schemes targeting Brazilian residents.
Frequently asked
Which brokers accept residents of Brazil?+
2 of 4 brokers in our ranking accept Brazil: Deriv, XM Group.
Who regulates brokers for Brazil?+
Primary regulator: CVM — Comissão de Valores Mobiliários — supervises capital markets; B3 is the regulated derivatives venue.
What payment methods are available?+
Common methods: PIX, Bank transfer, Boleto, Visa, Mastercard.
What are the tax rules for trading in Brazil?+
Day-trading profits on B3 are taxed at 20% (no exemption). Position-trade profits above the R$20,000 monthly exemption are taxed at 15%. Losses can offset future profits within the same category. Profits from offshore brokers are taxable as ordinary income at progressive rates up to 27.5% and must be declared via Carnê-Leão on a monthly basis.
Scope of coverage
- Brokers tracked
- 14
- Regulators indexed
- 55
- Regulator actions logged
- 2
- Latest pricing verification
- Jun 1, 2026
Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.