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Brokers With BRL Accounts

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Written By
Jemma Grist
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Written By
Jemma Grist
Broker Analyst and Editor
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
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James Barra
Head of Content
James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Fact Checked By
William Berg
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Fact Checked By
William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Feb 17, 2026

BRL accounts allow you to manage a trading account denominated in Brazilian real. Often used by Brazilian residents, these accounts allow you to avoid conversion fees and enjoy faster transaction times with local payment methods, such as Boleto.

Explore the best brokers with BRL accounts, personally evaluated by our experts.

Best Brokers With BRL Accounts

Sorry, there are no brokers that accept traders from your location (United States). If this location is incorrect, please change it.

How Did We Choose The Best Brokers?

To identify the top brokers with BRL accounts we:

  • Scanned our database of 141 brokers and trading platforms
  • Pinpointed those that offer an account based in Brazilian real
  • Ranked them by their overall rating, using 100+ data points and our own observations

What Is A BRL Account?

A BRL account is one in which the trading balance and transactions (including deposits and withdrawals) are denominated in the Brazilian real.

This offers more convenience for Brazilian traders who want to view their account details, such as profit and loss, in their local currency. The securities you choose to day trade will also normally be denominated in BRL.

Below is an example where I opened a BRL account with Moneta Markets:

Opening a BRL account at Moneta Markets
Moneta Markets – BRL Account Registration

Do I Need A BRL Trading Account?

A BRL account might be a good option for you if:

  • You live in Brazil and earn in BRL because it’s economical to hold an account in the same currency.
  • You trade regional markets such as South American stocks or exotic currency pairs that include the BRL, notably the USD/BRL.
  • You are an overseas trader looking to diversify your portfolio by trading securities in an emerging economy and currency, driven by its agriculture, mining and manufacturing sectors.

How Can I Check If A Broker Offers An Account In Brazilian Real?

We recommend you follow these 3 simple steps to ensure a trading platform offers a BRL account:

  1. Head to the account details page on the broker’s website to find the list of accepted base currencies.
  2. Verify that ‘BRL’ is listed as a supported base currency in Brazil.
  3. Register for a live or demo account and select ‘BRL’ as your base currency.

Pros & Cons Of BRL Trading Accounts

Pros

  • BRL accounts typically reduce or eliminate currency conversion fees on deposited funds which is a key draw for active traders making frequent transactions in BRL. As an example, at IG, you can expect to pay a 0.8% FX fee if you need to deposit BRL to a trading account based in USD because BRL accounts are not supported.
  • We’ve found brokers with BRL accounts are more likely to provide tailored services for Brazilian traders, such as website and customer support in Portuguese, available at Moneta Markets for instance.
  • For Brazilian traders, handling a trading account in BRL simply makes it more convenient to view profit/loss statements and place trades in a familiar currency.

Cons

  • Despite ranking as the world’s 9th largest economy in 2023, Brazil often experiences economic and political challenges, which in turn causes volatility in the BRL, and thus increases the risks of holding your balance in BRL.
  • BRL accounts remain uncommon, accounting for less than 2% of the brokers we’ve evaluated, so short-term traders have limited options when choosing a day trading broker.
  • Our tests have shown that regional markets such as Brazilian stocks are not widely offered at brokers, which is a drawback for Brazilian traders looking to avoid associated fees when trading securities based in another currency.

FAQ

Which Is The Best Broker With A BRL Account?

We’ve rigorously tested the best brokers with BRL accounts. You can refer to our list to find the best trading platform for you.

How Much Does It Cost To Open A Trading Account Based In Brazilian Reals?

You will likely need up to 250 USD (around 1,275 BRL) to open a trading account at most brokers, based on our tests.

However, some brokers allow you to start with much less, including Moneta Markets which only requires 50 USD (around 255 BRL). It also offers some of the best charting and research tools I’ve seen, tailored to both novices and seasoned investors.

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