Top Forex Brokers

We have prepared a guide with the best FOREX brokers for Brazilians. The companies listed below are all international brokers, solid and reliable, that accept Brazilian clients and deposits from Brazil. What they offer investors is basically similar between them, so we list some aspects that differ from one another.

If I were a FOREX investor I would focus on selecting listed brokers who would accept low-value deposits, make Social Trading available in an online environment, check if the broker charges commission by commission and also the bonuses offered by them in initial deposits. You can also sign up for demo account access and find the best investment definition for you before actually investing your money.
Broker     Resources     Bonus     Financial Regulators     Next step
XM     - Many bonuses
- Interest accrued on all funds
- Quick execution
- No minimum deposit on Micro accounts     Free $ 100 registration bonus and 50% deposit bonus on larger accounts     Cyprus CySec Regulated CySec
UK FCA Regulated FCA
Australia ASIC Regulated ASIC     Home
Demo account
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My experience with XM

I started using XM when I was working with binary options and I must say that its advanced features are impressive. This brokerage has a large leverage and low spreads, and hedging is allowed. If you are an experienced trader or want to learn from many of the features at your disposal, Trading Point is ideal. This broker does not require a minimum deposit for the Micro account, which is very appealing to beginners.
Broker     Resources     Bonus     Financial Regulators     Next step
Etoro     - Market leader broker
- Easy to use platform
- Leverage of 400: 1     50 USD     Cyprus CySec Regulated CySec
UK FCA Regulated FCA     Home
Demo account
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My experience with Etoro

Etoro has many members, which has made it possible to create an effective social tool to encourage exchange traders to follow other successful exchange traders. I recommend this brokerage for any beginner, since demo accounts are made available with lots of virtual money to experience the platform in an exhaustive way, and its software facilitates performing foreign exchange transactions by removing many complexities. I also recommend this brokerage for experienced currency traders, due to the high leverage of 400: 1 as it facilitates the execution of higher value foreign exchange transactions. Although Etoro is not perfect and its software causes occasional downtime and downtime, the broker's professionals help you overcome these minor drawbacks.
Broker     Resources     Bonus     Financial Regulators     Next step
Easy Markets     - Commodities and currency pairs available
- Works with the MetaTrader platform
- Provides a mobile version of the platform     Deposit bonus of up to $ 2,000 on first deposit only     Cyprus CySec Regulated CySec
Australia ASIC Regulated ASIC     Home
Demo account
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My experience with Easy Markets

If you have already used MetaTrader platforms, you will surely like this brokerage, because the process of setting up an account will be much faster. Although the site and registration process may be simpler, the staff is professional and efficient. If you want to work with a brokerage firm that provides great leverage, Easy Forex is not ideal, but if you want to start a professional career in this area without high risk, low leverage is ideal.
Frequently Asked Questions
What Is A Forex Broker?

In financial markets, a Forex broker is an intermediary that allows people to have access to the interbank market. The interbank market is simply a network of banks and electronic brokerage platforms that market and offer liquidity. A Forex broker will offer you currency quotes in which you can buy and sell in exchange for a small fee or commission.
What Do Forex Brokers Do?

A Forex broker simply responds to customers' orders whether it is internally against another customer or passing the order to their liquidity providers. In some cases, a Forex broker may be the sole counterpart to your transactions. Simply put, a Forex broker has two key functions: connecting traders to the Forex currency market and secondly providing currency quotes for buying and selling operations.
What Is A Regulated Brokerage?

A regulated brokerage is simply a licensed Forex brokerage that operates within the limits set by governmental regulatory bodies. Regulatory agencies ensure that retail Forex traders are part of a fair trading environment and protect against possible fraud. A Forex brokerage with a supervisory agency is perceived as having more integrity.
What Are The Major Regulators? (Cysec, Fca, Asic, Others)

The leading leading regulatory agencies are:

    US National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
    Europe - Financial Services Authority (FSA UK) and Cyprus Securities and Exchange Commission (CySEC).
    Australia - Australian Securities and Investments Commission (ASIC)
    South Africa - Financial Services Council of South Africa (FSB)
    Malaysia - The Malaysian Security Commission is responsible for overseeing the Forex brokers in Malaysia.

How Do Forex Brokers Make Money?

For the privilege of offering you access to Forex currency trading business, most Forex brokers will charge their customers, be it a commission or the spread. This is simply associated with the cost of doing business in the Forex market. However, a Forex broker can make money through three different income streams and in addition to commissions and spread, she can also make money if her broker is a Market Maker, getting the other side of her operations and then she earns money every time you lose in an operation.
Can You Trust The Forex Broker?

Even if your Forex broker is regulated and has an excellent reputation, it is always best to spread your eggs in different baskets. In other words, while you can certainly rely on a regulated Forex broker, you can not protect yourself from the possibility of your brokerage going bankrupt. In this regard, it is best to do your own research and spread your hard earned money on multiple brokerages.
I need a Managed Account. Do Brokers Offer This Service?

Some brokerages will operate a managed account for you, but it's rare. There are also independent money managers who can manage their business while he / she is negotiating for themselves. It's important that you read our managed accounts article and understand the risks involved. Needless to say, you would examine the performance of the dealer, but this is something with which they are very transparent.
Does Forex Brokerage Deal Against You?

In case you are trading through a Forex broker that is Market Maker, then, in this particular case, the brokerage house can bargain against you and stick with the other side of your transaction. All you need to understand about the Market Makers brokers is that there is someone on the other side of their business doing their best to stop it, it does not happen.

What a Market Maker is doing is that they are simply getting the other side of their deal, as it is assumed that most Forex traders lose money. This makes it obvious to the brokerage firm to stay on the other side of their positions because they can profit from it.
What Is Stp / Ecn Forex Broker?

A STP / ECN Forex broker is a direct processing and electronic communications network dedicated to executing currency transactions in a straightforward manner. In this type of trading environment, your orders are processed directly into the interbank market, connecting you directly to liquidity providers.
What Is A Market Maker Brokerage?

Dealing Desk dealers are also called Market Makers, which means that the Forex broker sets their own price rates for currency transactions. In essence, a Dealing Desk brokerage will fill the transactions of your customers, getting the counterpart of the transaction. This means that the Forex brokerage trades against its customer base.
What Is Scalping?

In Forex scalping is a strategy in which a trader seeks to profit from small currency fluctuations. Generally, a scalper enters and leaves the short positions several times a day, and the waiting period of the business is very small (usually a few minutes).
What Is Hedging?

Currency hedging is a way of trying to hedge against a negative event that can send the market in the opposite direction from its initial position. You can think of hedging as a form of insurance if something goes wrong in your transaction. Direct hedging is when you buy a pair of coins and at the same time, you sell the same pair.
Which Forex Broker to Choose?

Choosing a Forex broker can be a daunting task when you have at your disposal numerous options to choose from. However, we can consider five important elements and requirements when choosing a Forex broker:

    Regulation - is your Forex broker regulated?
    Is it regulated by the main regulators?
    How does your broker make money: through spread and commissions or trading against you (Market Maker)?
    Is your Forex broker a real ECN / STP brokerage?
    Does your brokerage allow scalping and hedging?

If you have been able to answer YES to all five questions, there may be a chance that you are dealing with a reputable Forex broker.
What Platform or Software Will Offer My Broker?

Some brokerages own software, while others use popular platforms such as MetaTrader4, cTrader and other software packages. Most brokerages also have mobile applications for forex trading. No matter what kind of platform, every brokerage will always offer something to you.
What Type Of Currency And Instruments Should I Look For?

A good broker will have between 30 and 50 pairs of coins or more, gold and silver, CFDs and other instruments with which you can trade. You do not have to settle for currency trading just because you are looking for a Forex broker.
How to Compare Forex Brokers?

We use a number of factors to evaluate brokers and we only promote those that we believe are worth using.

    We just list brokerages that are regulated by one of the leading regulators. We believe that CVM regulated brokerages are the best for Brazilians and we actively solicit brokers we own to become members of the CVM. These regulations make your funds more secure.
    The option of a low initial deposit is important for some dealers. We appreciate brokerages that offer micro accounts to beginner operators and that allow the trading of micro plots, so that traders only need to risk what they think is acceptable.
    Dealers should understand whether the brokerage firm is a brokerage firm or a brokerage firm. This makes a difference in how the broker makes money and also makes clear where a conflict of interest could occur.
    The best brokerages offer free training materials and advice that a dealer would need to get started and this sometimes includes the brokerage making a phone call to clarify all the details.
    We like to review the trading conditions and support of forex brokers such as the types of Forex market orders available, the trading costs and we try to identify those with a wider range of pairs of currencies available to trade.

We have been working in the industry for many years and are well connected with the brokerage firms and the reputation of the brokerages in the community. We believe that the forex trading experience should be safe and fun.
A Final Note

Every Forex trader is different in their needs and desires, so there is no one-size-fits-all brokerage. To find the one that is right, make sure you are reading reviews and properly reviewing the brokerage firm. Take your time to choose the best platform, the best account and make sure you understand the risks involved.