1. Home

Best Day Trading Platforms and Brokers in Brazil 2024

Written By

Jemma Grist

Written By

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.

» Jemma Grist Profile Page

Edited By

James Barra

Edited By

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.

» James Barra Profile Page

Updated

May 8, 2024

To day trade markets such as currency pairs containing the Brazilian real (BRL) or stocks listed on the Brazil Stock Exchange (B3), you’ll need an online broker. Yet with the Comissão de Valores Mobiliários (CVM) a less active regulator, many Brazilians turn to trusted overseas brokers.

We’ve identified the best brokers for day trading in Brazil following hands-on tests and analysis. These platforms accept traders from Brazil and some cater specifically to Brazilians by accepting local payment methods like Boleto and providing BRL accounts.

Top 5 Platforms For Day Trading In Brazil

After years evaluating hundreds of online brokers, these 5 platforms stand out as the best for short-term traders in Brazil:

1. 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.
2. IC Markets - IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
3. 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.
4. 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.
5. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.

Best Day Trading Platforms and Brokers in Brazil 2024 Comparison

Best Day Trading Platforms and Brokers in Brazil 2024 Comparison

Broker	Minimum Deposit	Markets	Platforms	Leverage	Regulator	Visit
	$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	1:1000	MFSA, LFSA, VFSC, BFSC	Visit
	$200	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	ASIC, CySEC, FSA	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	1:30 (Retail) 1:400 (Pro)	ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM	Visit
	$10	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Exness Trade App, MT4, MT5, TradingCentral	1:2000	FSA, CySEC, FCA, FSCA, FSC, CBCS	Visit
	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	1:30 (Retail), 1:500 (Pro)	FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB	Visit
	$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	1:1000	ASIC, CySEC, DFSA, FSC, FSCA	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	1:500	ASIC, FCA, xCySEC, SCB	Visit
	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	1:500	ASIC	Visit
	$100	Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral	1:400	NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA	Visit
	$50	CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs	eToro Web, CopyTrader, TradingCentral	-	FCA, ASIC, CySEC, FSA, FSRA, MFSA	Visit
	$1	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures	MT4, MT5	1:1000	BVI FSC	Visit
	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	FCA, ASIC, FSCA, SCB, FSA	Visit
	$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral	1:30 (Retail), 1:250 (Pro)	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA	Visit
	$10	Digital Options on Stocks, Indices, Forex, Commodities, Cryptos	Web Platform, Mobile App	-	-	Visit
	$0	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos	MT4, MT5, cTrader, TradingView, AutoChartist	1:500	FMA, FSA	Visit

#1 - Deriv.com

Visit

Review

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.

• 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

Visit Deriv.com

#2 - IC Markets

Visit

Review

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
• Regulator: ASIC, CySEC, FSA
• Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
• Minimum Deposit: $200
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Visit IC Markets

#3 - AvaTrade

Visit

Review

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.

• 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, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:400 (Pro)

Visit AvaTrade

#4 - Exness

Visit

Review

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 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.

• 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

Visit Exness

#5 - Pepperstone

Visit

Review

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

• Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
• Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
• Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
• Minimum Deposit: $0
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail), 1:500 (Pro)

Visit Pepperstone

Methodology

To identify the best day trading platforms in Brazil, we scoured our database of 500 online brokers, removed those that don’t accept traders from Brazil, and ranked them by their overall rating.

Our ratings are derived from 100+ data points and in-depth assessments of each broker in key areas.

How To Choose A Day Trading Broker In Brazil

There are several factors to consider to find the right day trading broker for your needs:

Trust

Choose an established broker that you can trust.

This is non-negotiable and will help protect you from trading scams.

The best signs that a day trading platform can be trusted are authorization from a ‘green-tier’ regulator, a long track record, and an excellent industry reputation.

Not many brokers are regulated by Brazil’s Securities and Exchange Commission, the Comissão de Valores Mobiliários (CVM). However, many of our recommended platforms are licensed by respected bodies like the FCA in the UK and the ASIC in Australia.

This means they should provide key safeguards like negative balance protection, ensuring you can’t lose more than your balance when margin trading – a popular approach with short-term traders.

Trading Markets

Choose a broker with the financial markets you want to place short-term trades on.

For Brazilian day traders, this may mean local markets, such as South American stocks like Petrobras (PETR) or Unibanco (ITUB), or currency pairs containing the BRL, such as USD/BRL and EUR/BRL.

That said, our tests show these aren’t widely offered by many brokers. Instead, the top day trading brokers offer a wide investment offering, providing diverse trading opportunities.

Day Trading Fees

Choose a broker with low day trading fees.

This will help keep transaction costs down when placing frequent trades. We evaluate short-term trading fees on popular assets, notably spreads and commissions, and then weigh these against the overall quality of service.

This is because day traders in Brazil may want to pay more for superior charting tools or analyst insights into decisions from Banco Central do Brasil or its key export commodities; coffee, soybeans, sugar, and iron ore.

Charting Platforms and Apps

Choose a broker with powerful and user-friendly charting tools.

Day traders more than many types of traders require excellent charting tools, as many use technical analysis to uncover short-term opportunities.

MetaTrader 4 and MetaTrader 5 are the most common, though their outdated designs are increasingly being upstaged by sleeker options like TradingView. In any case, a wide variety of technical indicators, graph types and time intervals will ensure a well-rounded experience.

Execution Quality

Choose a broker with fast and reliable order execution.

Execution quality determines how quickly and efficiently brokers will process your trades – a vital consideration for fast-paced setups like day trading.

The best brokers ensure low latency and slippage (the difference between the requested and actual price) and ideally meet our execution speed benchmarks of less than 100 milliseconds.

Leverage Trading

Choose a broker with transparent requirements for leverage trading.

Day traders frequently use leverage to maximize their profits while only putting down a small outlay, known as margin.

Let’s say I want to trade Petrobras stock with leverage of 1:10. This means a 100 USD outlay would afford me 1000 USD in buying power (10 x 100 USD).

Any profits and losses would also be multiplied by 10, amplifying my trading results beyond what my cash would otherwise have allowed.

Jemma Grist

Author

Account Minimum

Choose a broker with a minimum deposit that aligns with your budget.

Our evaluations show most brokers accepting day traders from Brazil require up to 250 USD, approximately 1,265 BRL.

Opt for a broker that supports local payment solutions like Boleto and you may benefit from even faster and more convenient deposits and withdrawals.

FAQ

Who Regulates Day Trading Platforms In Brazil?

The Comissão de Valores Mobiliários (CVM), the Securities Commission of Brazil, is responsible for overseeing the financial markets in Brazil. However, not many day trading platfotms are regulated by this financial body, so Brazilians may need to use an international firm.

Make sure you choose a broker regulated by a respected regulator, such as the ASIC, FCA or CySEC – these provide the strongest safeguards for retail investors, including limiting leverage which can help curb losses when making frequent trades.

Which Is The Best Broker That Accepts Day Traders From Brazil?

Use our rankings of the best day trading brokers in Brazil to find the right platform for you.

If you want a highly rated platform that specifically caters to short-term traders in Brazil, Exness offer a BRL-based trading account, while AvaTrade supports the popular payment solution, Boleto.