Best PIX Payment Brokers 2026

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

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

Tested with a live trading account Accepts traders from Russian Federation Your capital is at risk. Trade only with funds you can afford to lose.

1. Our top pick in Russian Federation
   1

   FBS

   4.3/ 5

   Visit FBS Read review
   • Demo account
   • Instruments: CFDs, Forex, Indices, Shares, Commodities
   • Regulator: ASIC, CySEC, FSCA, FSC
2. 2

   Axi

   3.7/ 5

   Visit Axi Read review
   • Demo account
   • Regulator: FCA, ASIC, FMA, DFSA, FSC
   • Platforms: Axi Copy Trading, MT4, AutoChartist
3. 3

   Switch Markets

   4.2/ 5

   Visit Switch Markets Read review
   • Demo account
   • Regulator: VFSC
   • Platforms: MT4, MT5
4. 4

   TopFX

   3.8/ 5

   Visit TopFX Read review
   • Demo account
   • Regulator: CySEC, FSA, BVI
   • Min. deposit: $50

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:

1. FBS 4.3/5 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.
2. Axi 3.7/5 Established in 2007, Axi is a multi-regulated forex and CFD broker that has made strides to improve its trading experience over the years, from expanding its suite of stocks and upgrading the Axi Academy to launching its own copy trading app.
3. Switch Markets 4.2/5 Switch Markets is a multi-asset CFD brokerage. The brand offers trading on the MT4 and MT5 platforms, thousands of instruments, with additional tools including copy trading services and premium VPS hosting.
4. TopFX 3.8/5 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.

Compare The Best PIX Payment Brokers

Compare The Best PIX Payment Brokers

Broker	Minimum Deposit	Instruments	Platforms	Leverage
FBS	$5	CFDs, Forex, Indices, Shares, Commodities	FBS App, MT4, MT5	1:3000
Axi	$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto	Axi Copy Trading, MT4, AutoChartist	1:500
Switch Markets	$50	Forex, Commodities, Indices, ETFs, Shares, Crypto	MT4, MT5	1:30 (EU), 1:1000 (Global)
TopFX	$50	CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency	MT4, MT5, cTrader, AutoChartist, TradingCentral, Quantower	1:500

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.

Community Sentiment

Broker	Our Users' Rating	Trustpilot Score	Trustpilot Reviews	iOS App Rating	Android App Rating
FBS	4.6 / 5	4.3 / 5	10177	4.6 / 5	4.9 / 5
Axi	4.8 / 5	4.1 / 5	7999	3.6 / 5	4.2 / 5
Switch Markets	-	4.6 / 5	955	4.8 / 5	4.6 / 5
TopFX	-	4.4 / 5	485	4.2 / 5	3.8 / 5

FBS

4.3/ 5

Visit FBS FBS review

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 and MT5.

FBS quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Indices, Shares, Commodities

Regulator

ASIC, CySEC, FSCA, FSC

Platforms

FBS App, MT4, MT5

Minimum Deposit

$5

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, AUD, JPY

Pros

• The introduction of the FBI Assistant has given active traders useful, AI-powered intelligence to assess charts and patterns with potential trade ideas that can be executed in one click.
• 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.
• FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.

Cons

• There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - 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.
• 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.
• Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.

Visit FBS FBS review

Axi

3.7/ 5

Visit Axi Axi review

Axi is a stand-out option if you want to day trade forex on the MetaTrader 4 platform thanks to the broker’s growing selection of 70+ currency pairs, the MT4 NextGen upgrade, and tight spreads from just 0.2 pips if you opt for the Pro account.

Axi quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Stocks, Indices, Commodities, Crypto

Regulator

FCA, ASIC, FMA, DFSA, FSC

Platforms

Axi Copy Trading, MT4, AutoChartist

Minimum Deposit

$0

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CHF, PLN

Pros

• Advanced traders can now sign up for the Axi Select funded trader program through the broker’s offshore entity, providing funding up to $1 million with a 90% profit share, which multiple traders have achieved.
• The growing educational resources in the Axi Academy, including free eBooks, video tutorials and notably interactive quizzes, are excellent for supporting beginner traders.
• Axi offers a terrific MT4 experience, enhanced with the NextGen plug-in for advanced order management and analytics, and complete with low execution latency of approximately 30ms.

Cons

• Axi is falling behind by only offering MT4 when many rivals now support MT5, cTrader, TradingView and proprietary software for a slicker experience with more advanced tools.
• Despite bolstering its stock CFDs in US, UK and EU markets, it’s still nowhere near as extensive as firms like BlackBull which offer thousands of equities for diverse opportunities.
• Despite performing well whenever we use it, Axi's support is unavailable 24/7, which can be inconvenient for traders in different time zones or those needing assistance outside standard trading hours.

Visit Axi Axi review

Switch Markets

4.2/ 5

Visit Switch Markets Switch Markets review

Switch Markets is a good option for active traders familiar with MetaTrader and looking for resources to inform trading decisions and strategies with coaching, market analysis, and a huge suite of 20+ trading calculators and tools. Its algo trading infrastructure is also excellent, including a free premium VPS.

Switch Markets quick facts

Demo Account

✔Yes

Instruments

Forex, Commodities, Indices, ETFs, Shares, Crypto

Regulator

VFSC

Platforms

MT4, MT5

Minimum Deposit

$50

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP, CAD, AUD, NZD, CHF

Pros

• Switch Markets offers access to a top-notch range of trading tools including a market sentiment heatmap, an economic calendar, multiple trading calculators, and more recently an AI-powered trading assistant.
• Switch Markets has improved its offering with more instruments, a simpler account structure, and robust infrastructure for algo traders, including a premium VPS that's free for qualifying traders.
• Switch Markets has bundled four tools at no charge for clients maintaining a $50 balance: a VPS, AlgoBuilder AI with natural-language prompts, Trackatrader for advanced analytics, and PineConnector.

Cons

• Switch Markets' regulatory credentials have worsened since its ASIC coverage, via its operations as a Corporate Appointed Representative (CAR) under OneRoyal, lapsed in 2024.
• There's no proprietary software or app, making it primarily a MetaTrader-only broker, though the addition of the PineConnector bridge allows traders to execute trades directly from TradingView charts.
• Despite improvements, spreads are still not the most competitive for Standard account holders based on our analysis, averaging around 1.5 pips on EUR/USD.

Visit Switch Markets Switch Markets review

TopFX

3.8/ 5

Visit TopFX TopFX review

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.

TopFX quick facts

Demo Account

✔Yes

Instruments

CFDs, Forex, Shares, Indices, Metals, Energies, ETFs, Cryptocurrency

Regulator

CySEC, FSA, BVI

Platforms

MT4, MT5, cTrader, AutoChartist, TradingCentral, Quantower

Minimum Deposit

$50

Minimum Trade

0.01 Lots

Account Currencies

USD, EUR, GBP

Pros

• Active traders get excellent trade execution with speeds under 25ms, combined with consistent pricing, minimal slippage or requotes, and fast deposits and withdrawals during testing.
• TopFX has finally added MT5, offering reliable integration with a robust charting and tooling package for multi-asset traders seeking the latest software from MetaQuotes.
• 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 flexible accounts.

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.
• 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.
• TopFX supports three platforms (cTrader, MT4 and MT5), but there's no option to trade on the increasingly popular TradingView. The lack of a proprietary platform for beginner traders is also an entry barrier.

Visit TopFX TopFX review

How Did We Choose The Best Pix Brokers?

To list the top PIX brokers, we:

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.

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.

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

Cons Of Using PIX Payment For Traders

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.