In this guide, we go over the best international online brokers in Brazil. We analyzed and researched hundreds of brokers, based on a variety of different factors. We compared every aspect of their services, focusing on security, fees & commissions, trading platform, regulation, offering of investments, trading tools, deposits & withdrawals, and more. Brokers had to meet a threshold to be considered in the following list.
Best Online Broker Brazil
- AvaTrade is the best online broker in Brazil Overall. Trusted and Reliable. Great Product Offering.
- Interactive Brokers comes in second. Founded in 1978. Best Market Access.
- XTB comes in third. Listed on a Stock Exchange. Great CFD Offering.
- Saxo Markets comes in fourth. Great For Sophisticated Investors.
- TD Ameritrade finishes the list. Great Broker Founded in 1975.
Best Online Trading Platform Brazil
| Trading Platform | Our Score | Information | Minimum Deposit | |
|---|---|---|---|---|
| #1 | AvaTrade | 4.9 | Best CFD Broker Brazil. Over 1200 Tradeable Symbols. | $100 |
| #2 | Interactive Brokers | 4.9 | International Broker With Wide Market Access. | $0 |
| #3 | XTB | 4.8 | Great CFD Broker. | $250 |
| #4 | Saxo Markets | 4.8 | Access to Wide Variety of Markets. | $200 |
| #5 | TD Ameritrade | 4.8 | US Stockbroker. Established in 1975. | $0 |
How to pick an online trading platform?
When picking a platform you should consider the following factors:
- Overall great service
- Regulation
- Safety
- Fees & Commissions
- Range of Products
- Account Opening Process
- Deposits & Withdrawals
Read below, where we breakdown the top Stock Brokers in Brazil, starting with our best-rated AvaTrade.
AvaTrade – Best Trading Platform Overall in Brazil
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade is a global CFD and Forex Broker, founded in 2006. AvaTrade offers a wide variety of CFDs products. Their trading platform and mobile app is easy-to-use and offers great trading tools. AvaTrade offers its proprietary platforms AvaTrade Web Trader and AvaTrade Go.
With their innovative risk management tool AvaProtect, you can protect your positions against losses for up to one million dollars.
They offer Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, and Bonds.
Interactive Brokers – Best for Market Access
One of the best options in Brazil is IBKR, a global brokerage firm that was founded in 1978 and is listed on the NASDAQ. The company is trusted by international traders because it gives access to 150 markets in 33 countries. It offers low-cost trading and a comprehensive set of research tools. Thanks to the elimination of IBKR's $10 minimum maintenance fees, all of their wonderful features are available without the annoying inactivity fees. Interactive Brokers is a legitimate and well-regulated broker.
Interactive Brokers offers Stocks, ETFs, Options, Futures, FOPs, Forex, Cryptocurrencies, Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
XTB – Great CFD Broker
XTB is an established CFD broker offering access to over 2100 global markets. XTB is a broker founded in 2002 with offices in London and Warsaw. Their platform and mobile app are easy-to-use and their education is top-notch. They have over 450,000 customers worldwide, and offer fast and qualified customer support.
It’s best suited for traders who look for an efficient trading experience with minimal forex CFD expenses and a fast deposit and withdrawal process. It's a secure online broker with approval from a number of well-known authorities across the globe, including the tier-1 UK Financial Conduct Authority FCA. Finally, XTB makes its financial records available to clients, which is always a plus for any broker.
Saxo Markets – Great for Sophisticated Traders
Saxo Bank, was founded in 1992, and is a superb multi-asset online broker. Saxo offers a great trading experience thanks to its cutting-edge platform, in-depth research, and over 40,000 securities. Saxo Bank provides a good variety of tools and services to active traders. Saxo Bank's top-tier regulation, banking experience, and long track record make it a reliable option in terms of security.
TD Ameritrade – Great for Sophisticated Traders
We also recommend TD Ameritrade if you want to invest your money with a reputable broker in Brazil. The firm provides a full-service trading environment that can accommodate both new and experienced day traders who want to trade several asset classes. You can benefit from TD Ameritrade's technology-driven trading platforms, user-friendly mobile app, zero trade commissions, and excellent educational material with no minimum deposit whatsoever.
Online Trading and Regulation in Brazil
Online trading in Brazil is gaining more and more attention from the ambitious residents of the country, and in order for the trading process to be both safe and successful, it needs to be overseen by the financial regulator(s) in this country. The Banco Central do Brasil (BACEN), Comissão de Valores Mobiliários (CVM), and Superintendência de Seguros Privados (SUSEP) are the financial regulatory bodies in Brazil.
To learn more about the BACEN, you can visit its official website: https://www.bcb.gov.br/, or its webpage on Wikipedia, or Twitter.
To learn more about the CVM, you can visit its official website: https://www.gov.br/cvm/en, or its webpage on Wikipedia, or Twitter.
To learn more about the SUSEP, you can visit its official website: http://novosite.susep.gov.br/.
Final Verdict
We hope you found all the details you needed in our guide. We took into account every possible detail of all renowned brokers, such as fees, payment methods, regulatory bodies, commission charges, to provide you with the best options. Just to recap, here are the top rated online brokers in Brazil:
| AvaTrade | Interactive Brokers | XTB | Saxo Markets | TD Ameritrade | |
|---|---|---|---|---|---|
| Our Score | 4.9 | 4.9 | 4.8 | 4.8 | 4.8 |
| Fees Score | 4.9 | 5.0 | 4.8 | 4.9 | 4.8 |
| Mobile App Score | 4.9 | 4.9 | 4.8 | 4.9 | 4.7 |
| Trading Platform Score | 4.9 | 4.8 | 4.8 | 4.9 | 4.7 |
| Offering Of Investments Score | 4.9 | 5.0 | 4.6 | 4.8 | 4.8 |
| Regulation Score | 4.9 | 5.0 | 4.7 | 4.7 | 4.9 |
