5 Best Trading Platforms in Brazil for 2025

In this guide, we rate, review, and recommend the 5 best online brokers in Brazil to buy, sell and trade stocks for beginners.
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Updated on Nov 8, 2024
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Our rankings reveal that the best online broker in Brazil is eToro .

That recommendation comes from our panel of trading experts, based on what we feel is most important: cost, security, and easy access to international markets.

We frequently test the best trading platforms & online brokers, and survey our Brazilian users to gather their thoughts and feedback on each of the top trading apps in Brazil.

Armed with that information we created a final ranking to answer the question: what are the best online brokers in Brazil for Brazilian users?

What is the best stock trading app in Brazil?

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These are the brokers that we rank as the overall best online trading platforms in Brazil. 

We found 11 online brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 50+
Demo account Yes

eToro review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.

IG review
4.4
IG Markets
Min. Deposit n/a
Fees Spread only
No. assets 17000+
Demo account Yes

IG review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Eightcap review
4.5
Eightcap
Min. Deposit $100
Fees Up to $3.5 RT
No. assets 800+
Demo account Yes

Eightcap review

74-89% of retail CFD accounts lose money

Top 5 online brokers in Brazil, reviewed & compared

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We found 11 online brokers for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

$100

Min. deposit

0% commission

Fees

50

No. assets

Yes

Demo account

Overview

We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage*.

*CFDs trading is restricted for US users.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.

Highlights

Fees & Costs

Pros & Cons

51% 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.

2. IG Markets: Best for trusted and transparent trading

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4
Ratings

$-

Min. deposit

From 0.5%

Fees

17,000

No. assets

Yes

Demo account

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive offerings, and strong regulatory compliance. In the United States, IG recently changed its name to TastyFX and is focused solely on forex trading. 

TastyFX is America’s fastest growing forex brokerage and as you’d expect from a subsidiary of IG, it offers excellent service with a wide selection of tools and features. Not only will you have access to over 80 forex pairs like EUR/USD, GBP/USD, and USD/JPY, but you’ll also pay $0 commission and have spreads starting from just 0.8 pips. 

What makes TastyFX stand apart from other US brokers is its excellent bonus schedule. After creating an account you can access up to $10,000 in cash bonuses. You cna also earn up to 15% rebate cashback every month. 

The fees: TastyFX has a clear and easy to understand fee schedule. It is a commission free brokerage and only charges a spread. Spreads are variable and generally lower for more liquid currency pairs. Spreads are as low as 0.8 pips for EUR/USD. Forex markets offer up to 50:1 leverage, or 2% margin requirements, on forex pairs like EUR/USD and USD/CAD.

Highlights

Fees & Costs

Pros & Cons

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

3. Eightcap. Best online broker for choice of trading platform

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4.5
Ratings

€100

Min. deposit

Up to $3.5 RT

Fees

800

No. assets

Yes

Demo account

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap a selection of over 200 crypto CFDs so there’s an excellent range to choose from. You can trade the biggest coins like BTC/USD and many altcoins like DOGE/USD.  

The fees: Eightcap is a CFD broker and charges spread, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Fees & Costs

Pros & Cons

74-89% of retail CFD accounts lose money

4. AvaTrade. Best regulated broker for secure trading

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Avatrade_logo
4
Ratings

$100

Min. deposit

From 0.13%

Fees

500

No. assets

Yes

Demo account

Overview

We love AvaTrade because it is a reliable CFD broker, that gives users access to a wide range of markets. As a CFD broker, AvaTrade lets you speculate on the price movements of various stock markets without owning the underlying assets. AvaTrade is a multi asset brokerage firm and includes CFDs on hundreds of global stocks including Google, Apple, Microsoft, and more. 

AvaTrade is also highly regarded for its strong regulatory framework and commitment to security. AvaTrade is regulated in multiple jurisdictions, including Europe, Australia, Japan, South Africa, and the British Virgin Islands, which means it must adhere to stringent regulatory standards across the world. 

AvaTrade isn’t just well regulated, it also employs advanced security measures to protect client funds and personal information, including segregated accounts and robust encryption technology. 

The fees: There is no commission on any trading. AvaTrade makes money from the Bid/Ask spread instead. Stock spreads start from 0.13. Positions left overnight are charged a swap fee that varies depending on size. An inactivity fee of £/€/$50 per month is applicable if you don’t log in to your account for three consecutive months.

Highlights

Fees & Costs

Pros & Cons

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.

5. Pepperstone. Best low spread & no commission broker

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pepperstone logo
4
Ratings

$-

Min. deposit

0.20%

Fees

60

No. assets

Yes

Demo account

Overview

We love Pepperstone because it is a low fee and low commission CFD brokerage, making it an excellent choice for traders looking to keep trading costs down. Pepperstone offers some of the most competitive spreads in the industry, with no commission on its Standard account and low commissions on its Razor account. 

Pepperstone is also well known for its top tier regulatory protection. The broker is regulated by both the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), which means it follows stringent rules. Pepperstone also offers a wide selection of stocks from several of the world’s largest markets. 

One of the features we found most useful when using Pepperstone is the variety of trading platforms. You can choose from TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each providing a unique set of features and tools. 

The fees: US stock trades are charged a $0.02 commission per share. UK and German stock trades are charged a 0.1% commission, while for Australian stocks, it’s 0.07%.

Highlights

Fees & Costs

Pros & Cons

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7%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. Refer to our RDN and other legal documents. Pepperstone Markets Limited, SCB no. SIAF217.

Which trading app in Brazil has the best user reviews?

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As part of our research process we gathered up reviews and feedback from Brazilian users to help us finalise the rankings.

Below is a summary of the feedback and ratings for each platform.

Review source eToro rating IG Markets rating Eightcap rating
Trustpilot 4.4 4.0 4.3
Google Play Store 4.1 4.3 4.1
App Store 3.8 4.6 3.8
View more > eToro > IG Markets > Eightcap >

Are stock brokers in Brazil regulated?

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Yes, online brokers have to be regulated in order to offer share dealing services.

Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through another internationally recognised institution. 

The best brokers in Brazil are regulated by the Central Bank of Brazil (BCB), which provides a license for these firms to operate and governs their actions in order to protect investors.

Use the Central Bank of Brazil (BCB) database to check if your favourite online broker is regulated to operate in Brazil (each company has a registration number, and you can search this to find out if it’s got a license).

On top of that, many online brokers in Brazil are based elsewhere but regulated to operate internationally through institutions such as CySEC (the Cyprus Securities and Exchange Commission). 

Here are the best online brokers in Brazil and where they’re regulated across the world.

Region eToro regulators IG Markets regulators Eightcap regulators
Africa FSCA
Asia MAS
Australasia ASIC FMA, ASIC ASIC
Europe FCA, CySEC FCA, BaFin, FINMA FCA, CySEC
International DFSA, BMA
North America FinCEN CFTC, NFA
South America
View more > eToro > IG Markets > Eightcap >

How much does it cost to use an online trading platform in Brazil?

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It is normally free to sign up to a stock trading platform in Brazil.

The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Brazil offer completely free trading, while others charge a flat fee or commission per trade.

On average, this usually adds up to about 1-2% of your total trade value.

Here’s a comparison of the trading fees across our highest rated Brazilian brokers.

Asset eToro fees IG Markets fees Eightcap fees
Crypto 1% Spread only Up to $3.5 RT
Commodities From 2 pips Spread only Up to $3.5 RT
Forex From 1 pip
Index prices From 0.75 pts Spread only Up to $3.5 RT
Stocks 0% commission From 0.5% Up to $3.5 RT
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > IG Markets > Eightcap >

Another way an online broker in Brazil might charge you is via the spread.

The spread is the difference between the buy and sell price of an asset, and effectively serves as a commission the broker is charging you on top of the market price.

The smaller the spread, the better value you’re getting from your broker.

Here’s a comparison of the spreads across the top Brazilian trading platforms.

Product eToro spreads IG Markets spreads Eightcap spreads
Stock CFDs 0.15% 0.10% From 1.2 pts
ETF CFDs 0.15% 0.10%
Forex CFDs From 1 pip 0.6 pips From 0.0pips
Crypto 1%
Index CFDs From 0.75 points 0.10% From 1.2 USD
Commodity CFDs From 2 pips 0.3 pts From 0.12 USD
View all tradable assets > eToro > IG Markets > Eightcap >

On top of the trading fees and spreads, there may be other charges for using your online broker account.

These can include inactivity fees, where you’re charged if you don’t use your account for a period of time (usually 3-6 months), as well as overnight fees, which only apply if the broker is also a CFD platform, or even an account maintenance fee.

Here’s a look at the types of fees different brokers in Brazil charge, to give you a complete picture of the cost of trading with the top brokers in Brazil.

Fee eToro fees IG Markets fees Eightcap fees
Trading fees Yes, on certain assets Yes Yes
Inactivity fees Yes Yes No
Rollover/overnight fees Yes, on CFDs Yes Yes, on certain assets
Withdrawal fees Yes No Yes, for certain payment methods
Spreads Yes, on certain assets Yes Yes
Conversion fees Yes, for non-USD currencies Yes Yes, currency dependent
View more > eToro > IG Markets > Eightcap >

How much money do I need to start trading?

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Typically, the minimum deposit for each Brazilian broker is the equivalent of $10.

If this is all you can manage: great, and you can get started with that.

But you probably want to start with a larger amount of money, or a plan to add more over time, otherwise it’s going to be difficult to grow your wealth in any significant way.

You don’t need a lot to start, but you do need to invest a reasonable amount of money to generate substantial returns.

A great way to do this is to invest a fixed amount at regular intervals, a concept known as Dollar-Cost Averaging.

This means that you can start with a small investment and the amount you invest can be adjusted depending on your circumstances.

You should also consider the minimum trade size on each platform. This governs the smallest investment you can make, so if you plan to invest small amounts then it is a crucial number to think about.

Compare the minimum and maximum trade sizes for each top broker in Brazil right here.

Product eToro minimum trade IG Markets minimum trade Eightcap minimum trade
Stock CFDs $10 From £1 1 share
ETF CFDs $10 From £1
Forex CFDs $33.34* From £1 0.01 lots
Crypto $10
Index CFDs $1,000 From £1 1 share
Commodity CFDs $1,000 From £1 0.01 lots
View more > eToro > IG Markets > Eightcap >

*Using the maximum leverage available, 30:1, to make a trade worth $1,000.

More about stock trading platforms in Brazil

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What products can I trade?

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For most people, the key question is whether you can trade stocks from other countries, as well as Brazil. The answer is yes, with some caveats.

Most of the brokers we recommend are global platforms, that offer stocks from around the world (particularly the US market, which is by far the most popular and – in our experience – what you’re likely to be interested in!).

However, there can be limitations. For example, you might have to make deposits in US Dollars in order to trade those stocks or to use the platform, and that’s not always an option.

Your broker might offer currency conversion services, but they can be expensive.

In general though, you certainly can trade global stocks through a Brazilian stock broker. And you often aren’t limited to stocks, there are other options as well – including things like ETFs, which are super simple to buy.

Stocks

  • Brazilian stocks. One investment option is to simply buy and sell stocks that are listed in Brazil. Investing in the Brazilian market is normally the most straightforward option for Brazilian residents, as you can buy shares in any company that’s listed on a Brazilian stock exchange.
  • US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Brazil will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Brazil.
  • International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Brazil offer global stocks, but it may be a limited selection. If you want to buy equities from outside Brazil or the US, be sure to check those stocks are available through your online broker before you sign up.

ETFs

ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500.

This kind of investing has exploded over the last decade. The largest ETF in the world, which invests in the S&P 500 – the famous US index that contains companies like Apple, Tesla, and Alphabet – holds more than half a billion dollars worth of investor money on its own.

If you’ve ever used a round-up investment app like Acorns or Moneybox, they are almost certainly investing in ETFs on your behalf. Many pension schemes use them now as well. This is for two main reasons: they’re simple to use, and they’re cheap.

Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Brazil’s top stock exchanges and indexes. 

Mutual funds

Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in.

Typically, a fund manager chooses a mixture of global stocks, local Brazilian stocks, and ETFs that track global indices from across the world.

Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria.

Typically a mutual fund charges higher management fees every year because of the extra work involved. The best stock broker in Brazil should allow you to invest in stocks from Brazil, as well as ETFs and mutual funds.

Futures and options

Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.

Other assets

Most trading platforms in Brazil offer a variety of assets alongside stocks, funds, and ETFs. With the best Brazilian brokers you can create a diversified portfolio made up of leading global stocks, ETFs, cryptocurrencies, and dabble with trading currency pairs and commodities as well.

Compare the assets available with each of the top Brazilian brokers below.

Product eToro assets IG Markets assets Eightcap assets
Stock CFDs 3117 17,000 + 590
ETF CFDs 317
Forex CFDs 49 99 56
Crypto 73
Index CFDs 20 80 + 16 (17 on TradingView)
Commodity CFDs 26 16
NFTs 100,000
View more > eToro > IG Markets > Eightcap >

Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.

You should keep in mind, however, that to invest in other financial products from Brazil, you may be better off using a different type of trading platform.

For example, for trading currency pairs you want one of the best forex brokers in Brazil, for cryptocurrencies like Bitcoin, the best crypto exchanges in Brazil. The best cfd brokers in Brazil offer a range of financial assets, including many of the options above.

How to buy stocks in Brazil

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Every stock trading app in Brazil is designed to help you invest with the minimum of fuss. 

Follow this six step guide to learn how to buy shares online in Brazil for the first time.

1. Find a Brazilian trading app

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Compare the best online stock brokers in Brazil and choose your favourite from the list at the top of this page.

2. Create an account

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Once you’ve chosen the best broker Brazil, set up an account by supplying your email address and password. Fill in personal details like your name and address.

3. Verify the broker account

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Before you use an online trading platform in Brazil you need to verify your identity.

Upload a copy of your driving licence or passport to do this. The verification process can take up to 24 hours, but is often much quicker than that.

4. Deposit money into your trading account

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You can make your initial deposit via a card payment, bank transfer, or an alternative payment method.

Many of the best online brokers in Brazil accept PayPal and similar e-wallets, but you should check this ahead of time.

5. Search for a stock and place your trade

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Find the stocks you want to trade using their ticker symbol. Enter the details of your trade, and hit ‘buy’ to execute it.

6. Monitor your investment

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Check up on your investment regularly. Use the latest news and stock market research to help you decide when to sell your shares, and lock in a profit or loss.

How we chose the best online trading platform in Brazil

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Our reviewing panel is made up of industry experts, including our Director Michael Charalambous, Editor of News, Harsh Vardhan, Editor of Education, James Knight, and long-time trader and Platform Reviewer, Prash Raval. The panel also includes an independent fact checker, Richard Stutely.

We work with many financial experts across the world, and we tap into their expertise to give us an insight into the particular trading environment of each country, and what’s important to users in Brazil compared to everywhere else.

All that breaks down into a list of criteria that we use to form a final ranking.

Here are the key factors that played into our final ranking of the best stock brokers in Brazil.

  • Fees. We prioritised Brazilian brokers that offer commission-free trading, charge low trading fees, don’t charge deposit or withdrawal fees, and don’t charge any hidden fees.
  • Device availability. An online trading platform that is available across all devices as a mobile app deserves a boost. In a mobile world, you need the best stock trading app in Brazil to work across mobile, tablet, and desktop. 
  • Platform security. All services we recommend are regulated by respected financial institutions and provide investor protection in the event that anything goes wrong.
  • Free demo accounts. All the best stockbrokers in Brazil should offer the chance to test their service before you pay for it. We gave the brokers with the best demo accounts a boost in our rankings.
  • Access to global markets. International stock brokers in Brazil that allow you to invest in global markets, particularly popular ones like the United States, scored well in our reviews.
  • Trading and analysis tools. An online stock broker that offers analysis tools makes it easier to do all your research and trading in one place. Any online broker that offered this convenience scored well.
  • Third-party integrations. You might want to use a piece of downloadable, third-party software like MetaTrader 4, MT5, or cTrader to place your trades. The best trading software in Brazil should integrate with these services and those that did so received a higher ranking. 
  • Customer reviews. Finally, we looked into customer reviews, to make sure that we only recommend the best investment platforms in Brazil where the majority of Brazilian customers had a positive experience.

Find out more about how we rate, rank, and review platforms.

FAQs

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01

What’s the best broker for beginners in Brazil?

02

What’s the best investment platform in Brazil?

03

What’s the cheapest online broker Brazil with the lowest fees?

04

Which trading app is best in Brazil?

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Which investment platform in Brazil has the best demo account?

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What’s the safest broker in Brazil?

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Is it legal to trade stocks in Brazil?


Sources & references

James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...