Best Day Trading Platforms and Brokers in Brazil 2024

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Written By
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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.
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Edited By
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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.
Updated

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
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 MFSA, LFSA, VFSC, BFSC Visit
IC Markets logo
$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
AvaTrade logo
$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) ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Pepperstone logo
$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
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:1000 ASIC, CySEC, DFSA, FSC, FSCA Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500 ASIC, FCA, xCySEC, SCB Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 ASIC Visit
FOREX.com logo
$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
eToro logo
$50 CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs eToro Web, CopyTrader, TradingCentral - FCA, ASIC, CySEC, FSA, FSRA, MFSA Visit
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000 BVI FSC Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 1:500 (entity dependent) FCA, ASIC, FSCA, SCB, FSA Visit
IG logo
$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
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos Web Platform, Mobile App - - Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 FMA, FSA Visit

#1 - 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.

  • 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

#2 - IC Markets

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)

#3 - 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.

  • 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 Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#4 - Exness

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

#5 - Pepperstone

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)

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.

  • We verified that each platform accepts Brazilian day traders.
  • We only recommended brokers that have earned the trust of our experts.
  • We favored brokers with excellent charting tools for technical analysis.
  • We confirmed brokers provide transparent leverage and margin requirements.
  • We prioritized brokers with competitive day trading fees.
  • We investigated the speed and quality of order executions. 

DayTrading.com broker testing methodology overview

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.

  • AvaTrade is one of the most trusted brokers accepting Brazilian day traders. Alongside a 15+ year history, it’s authorized by respected regulators, notably the ASIC and CySEC, plus it provides a unique AvaProtect feature, offering insurance against losses (for a fee).

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.

Infographic showing short-term trading instruments in Brazil

  • Pepperstone stands out for its superb range of 1300+ instruments spanning all major markets. It’s also particularly strong for Brazilians, providing local assets like the iShares MSCI Brazil Capped ETF and the USD/BRL.

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.

  • IC Markets offers some of the best pricing in the industry, especially for active traders. Spreads hit as low as 0.0 pips on popular assets with rebates available to high-volume traders through Raw Trader Plus.

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.

💡
Demo accounts are the best way to make sure you like the charting platform before real-money trading.
Day trading Petrobras Brazilian stock on TradingView platform
TradingView – Petrobras Stock
  • FOREX.com caters to all experience levels and short-term trading strategies, providing access to dozens of technical analysis tools across its MT4, MT5 and proprietary web trader powered by TradingView (my pick for newer traders). Additionally, there are superb research tools to help identify short-term trading opportunities, notably AutoChartist and Trading Central.

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.

  • IC Markets continues to meet these requirements, with average execution speeds coming in under 40ms, low latency infrastructure and Equinix NY4 servers, plus virtual private server (VPS) hosting, making it ideal for day traders, scalpers and algo traders.

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.

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Jemma Grist
Author
  • XM offers flexible leverage up to 1:1000 (beginners should not trade with such high leverage). It’s also one of a limited number of brokers to offer a free margin calculator – the easiest one I’ve used, helping you understand the margin you need to open and maintain positions.

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.

💡
Brokers with BRL accounts can help Brazilians swerve conversion fees while ensuring a smooth experience in a familiar currency.
  • AvaTrade ticks these boxes. The 100 USD minimum investment is affordable, plus Brazilians have a wide range of convenient funding solutions, including Boleto, wire transfers and bank cards.

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.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com