Searching for the best forex brokers in Brazil is slightly more difficult than in other countries of the world. This is because, unfortunately, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários, or CMV for short) imposes complicated rules on forex trading. This doesn’t mean, however, that Brazilian forex traders are short of trading opportunities.
Although the CMV’s complex rules mean that there are no forex brokers licensed by Brazilian authorities, the country does allow you to trade forex with international brokers. The only condition is that you must be a registered citizen of the country.
List of the best forex brokers in Brazil are:
- XTB
- easyMarkets
- Alpari
- 24Option
- FBS