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 2 trading platforms accepting BRL accounts:
-
- Demo account
- Min. deposit: $10 (varies by account and payment method)
- Min. trade: 0.01 Lots
-
- Demo account
- Regulator: FSC Cook Islands
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Here is a summary of why we recommend these brokers in October 2026:
- Exness 4.1/5 Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.
- 4xC 3.9/5 4XC 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.
Brokers With BRL Accounts Comparison
| Broker | BRL Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| Exness | ✔Yes | $10 (varies by account and payment method) | CFDs on Forex, Stocks, Indices, Commodities, Crypto | FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only) |
| 4xC | ✔Yes | $50 | Forex, CFDs, metals, indices, cryptocurrencies | FSC Cook Islands |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Exness | 33679 | ||||
| 4xC | - | 602 |
Exness
After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs.
Christian Harris, Reviewer
Exness quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- FSCA, CMA-Kenya, FSA, CBCS, BVIFSC, FSC, JSC, FCA (B2B only), CySEC (B2B only)
- Platforms
- Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
- Minimum Deposit
- $10 (varies by account and payment method)
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
Pros
- Charting tools have been improved through Indie - traders can write Python scripts and add custom indicators to charts in the Exness Terminal and MT5, as well as testing them against market data.
- Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
- Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
Cons
- Retail trading services are unavailable in certain jurisdictions, such as the US, UK, EU, and more recently India, limiting accessibility compared to top-tier brokers like Interactive Brokers.
- Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
- MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
4xC
4XC is a great option for traders familiar with the MetaTrader suite and those interested in copy trading. The sign-up is smooth, the rebrand has improved the user experience, and the choice of accounts will suit various active traders.
William Berg, Reviewer
4xC quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, metals, indices, cryptocurrencies
- Regulator
- FSC Cook Islands
- Platforms
- MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, BRL
Pros
- Good trading courses and guides for beginners
- Powerful charting and algo tools available through MetaTrader 4 and MetaTrader 5
- Access to Acuity's AI trading signals has been reduced from $500 to $200
Cons
- High fees for some payment methods
- The broker is not regulated by a trusted authority
- US clients are not accepted
How Did We Choose The Best Brokers?
To identify the top brokers with BRL accounts we:
- Scanned our database of 143 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:
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:
- Head to the account details page on the broker’s website to find the list of accepted base currencies.
- Verify that ‘BRL’ is listed as a supported base currency in Brazil.
- 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
- Brazilian Real (BRL) Currency Information - OANDA
- Brazil Becomes Ninth Largest Economy - Agência Brasil
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