Boleto Brokers 2024

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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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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 5 brokers with Boleto deposits:

Boleto Brokers Comparison

Boleto Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
AvaTrade logo
- 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) Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
Axi logo
$0 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, AutoChartist 1:400 Visit
IQ Option logo
$10 CFD, Forex, Crypto, Stocks, Digital Options Own 1:500 Visit

#1 - AvaTrade

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Deriv.com

Why We Chose 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.

"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. "

- DayTrading Review Team
  • 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

#3 - Exness

Why We Chose 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.

"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."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#4 - BlackBull Markets

Why We Chose 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.

"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."

- DayTrading Review Team
  • 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

#5 - FXCC

Why We Chose 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.

"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. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Crypto
  • Regulator: CySEC
  • Platforms: MT4
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

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

Cons Of Boleto Brokers

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:

  1. Log in to your account and navigate to the ‘Deposit’ section
  2. Select Boleto from the list of available methods and enter the amount you wish to deposit
  3. 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.