Brokers With BRL Accounts

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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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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.

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

Our tests show these are the top 5 trading platforms accepting BRL accounts:

Brokers With BRL Accounts Comparison

Brokers With BRL Accounts Comparison
Broker BRL Account Minimum Deposit Markets Regulator Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos - Visit
Moneta Markets logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto ASIC, FSCA, FSA Visit
4xCube logo
$10 Forex, CFDs, metals, indices, cryptocurrencies FSC Cook Islands Visit
Kucoin logo
$0 ETFs, Cryptos, Futures - Visit

#1 - 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

#2 - Quotex

Why We Chose Quotex

Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

- DayTrading Review Team
  • Instruments: Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
  • Platforms: Web Platform, Mobile App
  • Minimum Deposit: $10
  • Minimum Trade: $1

#3 - Moneta Markets

Why We Chose Moneta Markets

Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.

"With ECN pricing featuring spreads from 0 and commissions from $1, high leverage of up to 1:1000, and the terrific ProTrader charting platform, Moneta Markets is an excellent broker for experienced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
  • Regulator: ASIC, FSCA, FSA
  • Platforms: AppTrader, ProTrader, MT4, MT5, TradingCentral
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#4 - 4xCube

Why We Chose 4xCube

4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

"4xCube is a great option for traders familiar with the MetaTrader suite and those interested in copy trading."

- DayTrading Review Team
  • Instruments: Forex, CFDs, metals, indices, cryptocurrencies
  • Regulator: FSC Cook Islands
  • Platforms: MT4, MT5
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:400

#5 - Kucoin

Why We Chose Kucoin

Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.

"Users who want to make automated crypto trades on a wide range of digital currencies should Kucoin. The brand is also good for crypto staking and mining."

- DayTrading Review Team
  • Instruments: ETFs, Cryptos, Futures
  • Platforms: Own
  • Minimum Deposit: $0
  • Minimum Trade: 0.0001 Lots

How Did We Choose The Best Brokers?

To identify the top brokers with BRL accounts we:

  • Scanned our database of 500 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


  • 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.


  • 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.


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.

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