Boleto Brokers 2024
Boleto Bancario is a well-regulated, secure and simple payment system that generates 3.7 billion transactions per year in Brazil. It is a particularly popular payment method with Brazilians who do not have bank accounts, including online traders.
Below is a list of the top brokers that accept Boleto deposits. This guide also explains the advantages and disadvantages of day trading using Boleto Bancario brokers and provides a step-by-step guide to making deposits to trading accounts.
Best Boleto Brokers
Following our tests, these are the top 7 brokers with Boleto deposits:
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1
AvaTrade20% Welcome Bonus up to $10,000
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$1000.01 Lots1:30 (Retail) 1:400 (Pro)ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, FuturesWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTradeSkrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, BoletoUSD, EUR, GBP, CAD, AUD -
2
Deriv.com
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50.01 Lots1:1000MFSA, LFSA, VFSC, BFSCCFDs, Multipliers, Forex, Stocks, Indices, CommoditiesDeriv Trader, MT5Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCashUSD, EUR, GBP, AUD -
3
Exness
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:2000FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoExness Trade App, MT4, MT5, TradingCentralWire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, BoletoUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR -
4
BlackBull Markets
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:500FMA, FSAForex, CFDs, stocks, indices, energies, metals, commodities, cryptosMT4, MT5, cTrader, TradingView, AutoChartistNeteller, Skrill, Visa, UnionPay, FasaPay, Mastercard, Credit Card, Bitcoin Payments, Debit Card, BoletoUSD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD -
5
FXCC100% First Deposit Bonus Up To $2000
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$00.01 Lots1:500CySECCFDs, Forex, Indices, Commodities, CryptoMT4Skrill, Neteller, Rapid Transfer, Sofort, Paysafecard, Visa, Bitcoin Payments, Credit Card, Debit Card, Mastercard, Wire Transfer, UnionPay, Ethereum Payments, Netbanx Asia, BoletoUSD, EUR, GBP -
6
Axi81.6% of retail investor accounts lose money when trading CFDs with this provider
$00.01 Lots1:400FCA, ASIC, DFSA, FMAForex, CFDs, indices, shares, commodities, cryptocurrenciesMT4, AutoChartistNeteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, AlipayUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD -
7
IQ OptionRISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
$100.001 Lots1:500CFD, Forex, Crypto, Stocks, Digital OptionsOwnSkrill, Yandex Money, QIWI, Wire Transfer, Alipay, Perfect Money, MoneyGram, Credit Card, Vietcombank Transfer, Volet, Maestro, Sofort, GlobePay, BoletoUSD, EUR, GBP, ZAR
Here is a summary of why we recommend these brokers:
- AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
- Deriv.com - Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.
- Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
- BlackBull Markets - BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
- FXCC - FXCC is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
- Axi - Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
- IQ Option - IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
Boleto Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage |
|---|---|---|---|---|
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$100 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade | 1:30 (Retail) 1:400 (Pro) |
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$5 | CFDs, Multipliers, Forex, Stocks, Indices, Commodities | Deriv Trader, MT5 | 1:1000 |
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$10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, MT4, MT5, TradingCentral | 1:2000 |
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$0 | Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos | MT4, MT5, cTrader, TradingView, AutoChartist | 1:500 |
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$0 | CFDs, Forex, Indices, Commodities, Crypto | MT4 | 1:500 |
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$0 | Forex, CFDs, indices, shares, commodities, cryptocurrencies | MT4, AutoChartist | 1:400 |
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$10 | CFD, Forex, Crypto, Stocks, Digital Options | Own | 1:500 |
AvaTrade
"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."
AvaTrade Quick Facts
| Bonus Offer | 20% Welcome Bonus up to $10,000 |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
| Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low day trading margins
- Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools
- There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
Cons
- Traders from the US are not accepted
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
Deriv.com
"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "
Deriv.com Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Multipliers, Forex, Stocks, Indices, Commodities |
| Regulator | MFSA, LFSA, VFSC, BFSC |
| Platforms | Deriv Trader, MT5 |
| Minimum Deposit | $5 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, AUD |
Pros
- The free demo account is ideal for practicing short-term trading strategies and no registration is required
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
- Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
Cons
- There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
- The range of 100+ assets trails some competitors such as Quotex which offers 400+
- There's no loyalty program or rebate scheme for high volume traders
Exness
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."
Exness Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
| Regulator | FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV |
| Platforms | Exness Trade App, MT4, MT5, TradingCentral |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR |
Pros
- There's excellent 24/7 multilingual customer support via telephone, email and live chat
- The broker offers fast execution speeds for short-term traders, averaging under 25ms
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side
Cons
- There are several regional restrictions for retail traders including the USA, Europe and the UK
- There are no promotional deals or loyalty schemes for high-volume day traders
- Unlike most competitors, Exness doesn't provide its own education section
BlackBull Markets
"BlackBull Markets will suit traders of all experience levels with a growing suite of thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."
BlackBull Markets Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos |
| Regulator | FMA, FSA |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD |
Pros
- $0 minimum deposit and 0.01 lot trades
- CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading
- Huge range of 26,000+ instruments, with recent additions to its Asia Pacific indices
Cons
- Withdrawal fees with some methods
- US traders not accepted
FXCC
"FXCC continues to prove itself an excellent option for forex day traders with an extensive range of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and high leverage up to 1:500 in the ECN XL account. "
FXCC Quick Facts
| Bonus Offer | 100% First Deposit Bonus Up To $2000 |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Commodities, Crypto |
| Regulator | CySEC |
| Platforms | MT4 |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP |
Pros
- Competitive and transparent ECN spreads from 0.0 pips with zero commissions, making FXCC one of the cheapest forex brokers
- There are no restrictions on short-term trading strategies like day trading and scalping
- FXCC is trusted and licensed by the CySEC, a top-tier European regulator offering high standards of safeguarding
Cons
- While the range of currency pairs exceeds most alternatives, the selection of additional assets is narrow, and notably, there are no stocks
- There is a threadbare selection of research tools like Trading Central and Autochartist, value-add features available at category leaders like IG
- Although MetaTrader 4 continues to shine for technical analysis, the subpar design dampens the trading experience, especially compared to modern alternatives like TradingView
Axi
"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."
William Berg, Reviewer
Axi Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Regulator | FCA, ASIC, DFSA, FMA |
| Platforms | MT4, AutoChartist |
| Minimum Deposit | $0 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:400 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD |
Pros
- Axi is a well-regulated and established broker, with a strong track record since 2007
- The broker's inactivity fee terms are fairly generous, only charging a $10 fee after a long inactivity period of 12 months - some brokers charge after only 3 months
- Experienced traders can benefit from the Axi Select funded trader programme, offering funding up to $1 million and up to 90% profit share
Cons
- The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000
- There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app
- The demo account expires after only 30 days - many alternative brokers that we test allow you to practice for 60 days or more
IQ Option
"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
IQ Option Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Digital Options |
| Platforms | Own |
| Minimum Deposit | $10 |
| Minimum Trade | 0.001 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, ZAR |
Pros
- Access to IQ Option community
- iOS & Android compatible app
- User-friendly platform for beginners
Cons
- €10 inactivity fee after 90 days
- No MetaTrader 4 integration
How Did We Choose The Best Boleto Brokers?
To reveal the top Boleto brokers, we:
- Scanned our database of 500 online brokers, removing all those that don’t accept Boleto payments
- Confirmed that they support Boleto deposits and withdrawals for online trading
- Sorted them by their overall score, drawing on 100+ data points and findings from our own research
What Is Boleto Bancario?
Boleto Bancario is a push payment system established in Brazil in 1993 initially for cash transactions. It is essentially a financial document that works as a voucher allowing customers to buy goods and services, including at Boleto brokers, without directly using their cards or bank accounts.
Boleto Bancario is the second most popular online payment method among Brazilians, almost 70 per cent of whom prefer it for cross-border transactions. Offering payments with Boleto today is a must for merchants who want to do business and expand in Brazil, the largest consumer market in Latin America and one of the most important emerging markets in the world.
The company is regulated by the Central Bank of Brazil and is a part of Sistema de Pagamentos Brasileiro (Brazilian Payment System), which sets procedures, rules, and instruments for fraud-proof payment methods.
Merchants need a local processing partner to accept and receive Boleto payments.
How It Works
“El boleto” means “ticket” in English. When someone uses the payment method to make deposits to brokers that accept Boleto deposits, a ticket that resembles a pro-forma invoice with a barcode is created for each transaction. The form issued includes payment details, customer information, the amount of the transaction and the due date by which the payment must be made.
In the past Brazilians had to print their tickets, today using this payment system has become easier thanks to internet banking or mobile banking apps. Payments can either be made online or at a bank or post office or at any other authorized agencies like lottery agents and convenience stores.
A transaction is complete when the payment is made within the due payment period, which is usually between 1 to 15 days. If the expiration date passes, there may be additional fees or the transaction may not process at all. Fortunately, you can track the status of your trading deposit in the client dashboard of the best Boleto brokers.
The processing of the actual payment might take longer, usually one business day. The Brazilian banks generally confirm paid tickets on the next business day from Tuesday to Saturday. This period may shorten if you use new tools like Boleto Flash® developed by Pag Brasil, which allows payments to be confirmed in less than two hours on business days.
Trading With Boleto Bancario
The solution is popular among traders for its simplicity and ease of use. The payment method supports multiple currencies, including Brazilian Real (BRL), and offers traders a safe platform that protects their private information as personal account details are never shared with brokerage platforms and the solution offers end-to-end encryption.
The brand offers three types of accounts, namely personal, business, and merchant. Anyone who has a bank account and is authorized by this bank to issue Boleto Bancario can use this payment method for trading purposes. However, the authorization process may differ across banks and some use strict policies for authorization. Pricing schemes can also vary according to the bank someone uses to issue the vouchers.
To use the payment method for trading deposits and withdrawals, traders should have both a Boleto account and a live profile with one of the brokers that accept Boleto deposits. After verifying their ID, traders can then make transactions with their existing funds or with a debit or credit card linked to their account.
Fees
Most of the time trading deposits are free. FXCC, for example, does not charge for deposits made using the payment method. USD, EUR and GBP payments are accepted.
However, when the base currency of your Boleto account and the base currency of your trading account differs, transactions may incur a conversion fee.
Processing fees might also vary according to the trading brokerage.
Transaction Speed
Deposits transferred to your trading account with Boleto usually appear between one and five days. This is notably slower than many alternatives, including PayPal and debit card.
For withdrawals, transactions might take up to 10 days. Again, this is significantly longer than many alternative payment methods.
Pros Of Boleto Brokers
- Generally accepted across all of Brazil and by online brokerages targeting the Brazilian market
- Deposits can be made in different currencies, including BRL
- Simple and convenient for Brazilian traders
- Law fraud and no chargeback risk
- Accepted in over 100 countries
Cons Of Boleto Brokers
- Slow transaction speeds vs alternative trading deposit and withdrawal options
- Payment limits at some brokers that accept Boleto deposits
How To Deposit Using Boleto
Depositing and withdrawing with the payment solution can be done only with a few clicks, though the process may vary depending on the broker.
At FXCC, for example, the steps are:
- Log in to your account and navigate to the ‘Deposit’ section
- Select Boleto from the list of available methods and enter the amount you wish to deposit
- In the pop-up page, enter the information requested and click ‘Pay’ or similar. You will then be redirected to a page issuing your Boleto.
Boleto brokers usually set minimum and maximum limits for deposits and withdrawals as well as different fees. Those limits and fees can also vary according to the type of trading profile you hold, the currency you are using, the type of Boleto account you have, and the size of the transaction.
Is Boleto Bancario Good For Day Trading?
Boleto Bancario is one of the most popular payment methods among Brazilians, especially among those who do not have bank accounts, who use vouchers to pay their monthly bills as well as for online shopping and gambling. Boleto Bancario is not limited to personal purchases, however. It is a reliable multinational payment solution with no chargeback risk that is accepted by several Boleto brokers.
On the downside, the list of brokers that accept Boleto deposits is limited vs trading platforms that accept debit cards or PayPal, for example. Transaction speeds are also considerably slower than alternative payment solutions.
Use our ranking of the top brokers that accept Boleto deposits to start trading.
FAQ
Can I Trade With Boleto If My Account Is Below A Certain Balance?
No – you need a positive balance in your trading account and Boleto profile to give buy or sell orders. You can check your account balance in the Client Portal of most top brokers that accept Boleto deposits.
Is Boleto A Secure Payment Method For Making Deposits To My Trading Account?
Boleto uses algorithms to flag suspicious activity. The payment model also protects your financial data with encrypted usernames and passwords. If you think that you need additional protection, verify your Boleto account and your trading profile by using two-factor authentication and a strong password.
How Long Do Deposits To Boleto Brokers Take?
Deposits to trading accounts using Boleto can take several working days, which is slow vs other payment solutions. With that said, Boleto Flash® provides accelerated payment confirmation and also enables payments with PIX. It works the same way as the traditional Boletos but speeds up transactions as payments are generally confirmed in less than an hour once customers make their payments.
What Are The Best Boleto Brokers For Trading Stocks, Cryptocurrencies, And CFDs?
AvaTrade and FXCC have a good reputation among online traders while offering competitive spreads, generous leverage, and a trading platform that is easy to use. FXCC also allows using Boleto for a range of cryptocurrency assets, including Bitcoin, Ethereum and Monero.