In recent years the Brazilian foreign exchange markets have been unstable, which prompted several transformations, aimed to make Forex trading simpler and more accessible. Before 2005, a resident of Brazil was only allowed to execute transactions allowed by the Central Bank of Brazil. All transactions were tracked individually, which made the system very cumbersome and gave Brazilian traders little or no freedom. New policies were introduced in 2005, and the Forex market in Brazil is a much better place.

The change came about in 2005 when the CMN Resolution 3265 was introduced. It meant that Forex brokers in Brazil no longer had to negotiate with the Central Bank of Brazil, and were free to trade where they pleased. All foreign transactions came under the resolution, leaving traders and brokers with much more freedom. All a trader currently needs to take part in the Forex market in Brazil is to be a resident of the country.