PIX Payment Brokers 2024

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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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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

PIX is an innovative payment method specifically designed for the Brazilian market. The intuitive solution is an emerging deposit option among forex and stock trading brokers, as well as a range of online merchants. It simplifies the need for more timely Brazilian Reals (BRL) bank transfers via TED (Electronic Funds Transfer) or DOC (Credit Transfer Documents).

This review will compare the PIX payment solution vs traditional BRL bank transfers and list the best online brokers that accept PIX deposits.

Best PIX Payment Brokers

Below is a list of the top brokers that we recommend for PIX payments, based on our tests:

Click a broker for details
  1. 1
    Eightcap

    Ratings
    4.3 / 5
    4 / 5
    3.6 / 5
    3.8 / 5
    4.3 / 5
    4 / 5
    3.5 / 5
    3.5 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC, FCA, CySEC, SCB, CNMV
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    MT4, MT5, TradingView
    Neteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX Payment
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  2. 2
    FBS

    Ratings
    4.3 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    3.5 / 5
    3.8 / 5
    3.8 / 5
    3.5 / 5
    4.6 / 5
    4.9 / 5

    $5
    0.01 Lots
    1:30 (EU & Restricted Countries), 1:3000 (Global)
    ASIC, CySEC, FSC
    CFDs, Forex, Indices, Shares, Commodities
    FBS App, MT4, MT5
    Visa, Neteller, Skrill, Wire Transfer, Rapid Transfer, Mastercard, Credit Card, AstroPay, Maestro, Debit Card, Doku Wallet, FasaPay, Perfect Money, Sticpay, M-Pesa, JCB Card, Bitwallet, PIX Payment
    USD, EUR
  3. 3
    Axi
    81.6% of retail investor accounts lose money when trading CFDs with this provider

    $0
    0.01 Lots
    1:400
    FCA, ASIC, DFSA, FMA
    Forex, CFDs, indices, shares, commodities, cryptocurrencies
    MT4, AutoChartist
    Neteller, Skrill, Credit Card, Debit Card, Visa, Mastercard, JCB Card, Wire Transfer, FasaPay, PIX Payment, Maestro, Boleto, Giropay, Sofort, POLi, BPAY, iDeal, Alipay, Airtel
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
  4. 4
    BDSwiss

    $10
    0.01 Lots
    1:30
    FSC, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    BDSwiss Webtrader, MT4, MT5
    Sofort, Mastercard, Credit Card, Bitcoin Payments, Wire Transfer, M-Pesa, PIX Payment, Debit Card, Skrill, Neteller
    USD, EUR, GBP, SEK, PLN
  5. 5
    TopFX
    100% Universal Bonus T&Cs Apply

    Ratings
    3 / 5
    3 / 5
    3 / 5
    4 / 5
    3 / 5
    3.5 / 5
    3.5 / 5
    0.5 / 5
    0 / 5
    0 / 5

    $50
    0.01 Lots
    1:500
    CySEC, FSA
    CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency
    MT4, cTrader, AutoChartist, TradingCentral
    Visa, Mastercard, Debit Card, Credit Card, Wire Transfer, Swift, Apple Pay, Google Wallet, Skrill, Neteller, Bitcoin Payments, Ethereum Payments, Perfect Money, Dragonpay, M-Pesa, FasaPay, PIX Payment, Sticpay, Bitwallet, Przelewy24, Sofort, iDeal
    USD, EUR, GBP

This is why we think these brokers are the best in this category:

  1. Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
  2. FBS - Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
  3. Axi - Axi is a global forex and CFD trading firm, founded in 2007 in Sydney, Australia. Highly leveraged trading opportunities plus a $0 minimum deposit make it a popular choice among 60,000+ traders worldwide. Axi also stands out for its resources, including copy trading and Autochartist.
  4. BDSwiss - BDSwiss is an award-winning forex and CFD broker founded in 2012. The firm offers 250+ instruments to clients in over 180 countries. With spreads from zero pips and three powerful charting platforms, they offer a rounded day trading package for beginners and seasoned investors alike. The broker is regulated by the Mauritius FSC and Seychelles FSA.
  5. TopFX - TopFX, a Cyprus-headquartered company, has been an instrumental player in the financial services industry since its establishment in 2010, earning a solid reputation as a reliable broker for active traders. Initially, the company offered liquidity services to institutional clients, including hedge funds, banks, and brokers. However over the years, TopFX has grown to include retail traders in its clientele. It was one of the first brokers in the world to offer cTrader, a testament to its commitment to innovation.

PIX Payment Brokers Comparison

PIX Payment Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500
FBS logo
$5 CFDs, Forex, Indices, Shares, Commodities FBS App, MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global)
Axi logo
$0 Forex, CFDs, indices, shares, commodities, cryptocurrencies MT4, AutoChartist 1:400
BDSwiss logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto BDSwiss Webtrader, MT4, MT5 1:30
TopFX logo
$50 CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency MT4, cTrader, AutoChartist, TradingCentral 1:500

Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

Christian Harris, Reviewer

Eightcap Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorASIC, FCA, CySEC, SCB, CNMV
PlatformsMT4, MT5, TradingView
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
  • With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
  • Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.

Cons

  • Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.

FBS

"FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4, MT5 and highly leveraged trading opportunities up to 1:3000 for experienced traders."

Christian Harris, Reviewer

FBS Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Indices, Shares, Commodities
RegulatorASIC, CySEC, FSC
PlatformsFBS App, MT4, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:30 (EU & Restricted Countries), 1:3000 (Global)
Account CurrenciesUSD, EUR

Pros

  • FBS strikes the balance between robust features and ease of use, with a sign-up process taking <10 minutes, an intuitive app, advanced research through Market Analytics & more recently VIP Analytics, plus immersive education through the FBS Academy and Trader’s Blog.
  • The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
  • 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, high leverage options, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.

Cons

  • Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
  • Investor protection is only available for clients within the EU, meaning global traders may not be protected if their account goes negative, significantly increasing the risk to your funds.
  • There are only two base currencies available - EUR and USD - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.

Axi

"Axi maintains its position as a top forex and CFD broker for seasoned traders, with more than 70 currency pairs, raw spreads and additional benefits for high-volume trading. Beginners will also appreciate the user-friendly copy trading service and free forex eBooks."

William Berg, Reviewer

Axi Quick Facts

Demo AccountYes
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
RegulatorFCA, ASIC, DFSA, FMA
PlatformsMT4, AutoChartist
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:400
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

  • Traders can choose between 10 base account currencies plus a wide range of free deposit methods, including cryptos
  • The broker’s free trading resources are geared towards short-term traders, including various market calendars and dividend forecast schedules
  • Axi is a well-regulated and established broker, with a strong track record since 2007

Cons

  • The tightest round-trip commission fees of $3.50 are only available to those who can deposit $25,000
  • The Axi Select program requires a $500 minimum deposit to enter the first Seed stage
  • There's a limited choice of third-party charting platforms compared to other brands, with only MT4 available alongside the proprietary app

BDSwiss

"BDSwiss will suit active day traders looking for raw pricing, fast execution and powerful trading software with a range of pre-included analysis tools. That said, the range of 250+ assets is smaller than most top competitors."

William Berg, Reviewer

BDSwiss Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSC, FSA
PlatformsBDSwiss Webtrader, MT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:30
Account CurrenciesUSD, EUR, GBP, SEK, PLN

Pros

  • BDSwiss is a globally recognised brand with a 10+ year history transparent trading conditions
  • The broker continues to offer superb market research with daily expert insights, the Autochartist market scanning tool, and a forex heatmap
  • The knowledgeable support team is available 24/5 in 20 languages and the live chat service is responsive based on tests

Cons

  • VPS plans start from €30 per month, which is not the cheapest
  • The range of 250+ assets is mediocre compared to most leading brokers which typically offer 1000+
  • There's a $30 inactivity fee after 90 days which is higher than several top competitors, including XM which only charges $5

TopFX

"TopFX is a strong choice for day trading due to ultra-low latency with execution times under 25 milliseconds. It also offers access to advanced charting platforms, MT4 and cTrader, with tight spreads and low commissions that can significantly reduce costs for active traders."

Christian Harris, Reviewer

TopFX Quick Facts

Bonus Offer100% Universal Bonus T&Cs Apply
Demo AccountYes
InstrumentsCFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency
RegulatorCySEC, FSA
PlatformsMT4, cTrader, AutoChartist, TradingCentral
Minimum Deposit$50
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP

Pros

  • TopFX continues to deliver first-class support following years of real-money trading with responses on live chat in minutes and email replies in 24 hours for technical assistance.
  • TopFX is committed to supporting a diverse range of day traders, including those who prefer manual, algorithmic, and strategy-based trading with a choice of three flexible accounts (Zero, Raw and VIP).
  • Active traders get reliable trade execution with speeds under 25ms, combined with consistent pricing, no slippage or requotes, and fast deposits and withdrawals during testing.

Cons

  • Despite a growing selection of 600+ instruments, you can't invest directly in real assets, such as stocks, ETFs, and crypto, and TopFX does not offer interest on uninvested cash like alternatives such as IBKR.
  • TopFX supports only two platforms (cTrader and MT4), so there's no option to trade with MT5 or the increasingly popular TradingView. The lack of a proprietary platform for beginner traders is also an entry barrier.
  • Although it produces in-house market analysis content, notably the Daily Market Digest, and includes Autochartist and Trading Central, the woeful educational offering is limiting for beginners, especially compared to category leaders like XTB.

How Did We Choose The Best Pix Brokers?

To list the top PIX brokers, we:

  • Searched our database of 500 online platforms, identifying all those that accept PIX payments
  • Checked that they support PIX deposits and withdrawals for day trading
  • Ranked them by their overall score, combining 100+ data entries with our personal insights

What Is PIX Payment?

PIX Payment is an instant payment gateway launched in November 2020. The solution was developed by the Central Bank of Brazil (BCB), enhancing the digitisation of money transfers in the country. Today, the method is integrated with many Brazilian financial institutions, including established fintech companies and trading brokers.PIX Payment System Stock Trading

The PIX payment method is expected to outpace current local credit transfers in Brazil, such as TED and DOC. It is estimated that by 2030, PIX is likely to account for almost 25% of all electronic payments in the country.

PIX Payment Fees

The PIX system charges no fees to individuals, though brokers with PIX Payment deposits and withdrawals may have their own processing rates. It is also worth checking for separate withdrawal fees before you open a live trading account. This is similar to BRL bank wire transfers.

BRL is not a commonly accepted account funding currency and exchange rate fees may therefore be applicable, impacting profits. Binance, however, does not have any deposit and withdrawal fees or limits for BRL bank transfers once KYC requirements have been met.

Speed

Transactions are confirmed instantly and processed to recipients within 2.5 seconds. The PIX payment method allows fund transfers 24/7, 365 days a year, even on weekends and public holidays.

With that said, this is subject to the broker’s own timelines, which can cause a delay in funds reaching trading accounts and not supporting the instant transaction advantage secured by the PIX Payment system.

Traditional Brazilian Reals bank transfers are processed on business working days only. These are typically accepted between 00:00 and 16:30 GMT -3 and can take up to three working days to receipt.

Security

Transactions via PIX Payment are relatively safe and secure. Similar to BRL bank wire transfers, operations are carried out directly by the Central Bank of Brazil. PIX Payment follows all central bank regulations, meaning that your deposits and withdrawals to a trading account are protected with relevant levels of security. This includes fraud screening and anti-money laundering protocols.

Personal information sharing for PIX and BRL wire transfers is protected and encrypted by bank secrecy and by the General Data Protection Law.

A dynamic QR code is used to validate a PIX Payment and additional authentication keys can be utilised. This adds an extra layer of protection to your transactions and include linking biometrics or digital devices to passwords. QR codes are interoperable. Transaction receipts are generated for both the user and the recipient.

How To Deposit Using PIX Payment

The process varies a little depending on the broker. At Eightcap, for example, head to the deposit section in your client portal and select PIX.

Scan the QR code or copy the PIX Payment code into your banking or mobile app. Confirm the receiver’s information is correct, enter the deposit amount and submit.

There are no minimum or maximum transaction limits set by the payment system, though this may vary between online brokers. PIX users also have the option to establish personal maximum parameters to reduce risk.

Bank wire transfers are generally accepted by all major global brokerages. BRL is not as commonly accepted as trading account base currencies such as USD, EUR and GBP, so a currency exchange may be required.

Pros Of Using PIX Payment For Traders

  • Availability – Payment confirmation and value compensation in real-time, with an average of 2.5 seconds. The solution offers 24/7 transactions, including on weekends and public holidays
  • Secure – The PIX Payment method is fully digitised, works with interoperable QR codes and allows multi-factor authentication keys to be added for additional transfer protection
  • Intuitive – PIX creates a simple customer journey. Users don’t need a bank account to pay with this solution. Utilise payments between participating institutions like a digital wallet, including Google Pay, to a registered broker
  • No charges – The PIX payment solution charges no fees to individuals vs traditional bank transfer methods like DOC and TEF, which may incur a fee. Always check your broker’s terms and conditions before opening a live account

Cons Of Using PIX Payment For Traders

  • No cancellations – Transactions cannot be cancelled once processed. As this happens almost instantly, it is difficult to gain compensation
  • Limited countries – The payment method is currently only available to residents of Brazil. This rules out global traders being able to use the method. However, international brokerages can still accept PIX payments

Is PIX Payment Good For Day Trading?

PIX is a fast and secure payment initiative that provides cheap digital transactions to Brazilian traders. While it is currently subject to geographical limitations, global brokers may continue to adopt its services over traditional BRL bank transfers. Use our list of brokers that accept PIX deposits to get started.

FAQ

How Do I Make A PIX Payment To My Trading Account?

Find the PIX Payment logo within your online trading account portal. Scan the QR code displayed on your broker’s webpage or copy the PIX payment code into your banking or mobile app. Confirm the receiver’s information is correct, enter the deposit amount and submit.

Are PIX Payment Transfers Always Instant For Trading Account Funding?

PIX Payment supports instant transactions, available 24/7, 365 days a year. Your broker may have its own processing timelines, which could cause delays in deposits and withdrawals, so check your broker’s terms and conditions.

Is PIX Payment An International Service For Traders?

No, currently PIX is only a payment solution within the Brazilian market. Check to see if your broker accepts PIX Payment transfers before opening a live account.

What Are The Associated Fees To Make A PIX Deposit To A Trading Account?

The PIX Payment system does not charge fees to individuals, though brokers accepting PIX deposits and withdrawals may have their own processing rates. It is also worth checking for separate withdrawal fees.