Best brokers available in Brazil

Brazil requires a strict distinction between a foreign broker that technically accepts an application and a firm that may publicly solicit Brazilian residents for regulated securities or Forex/CFD services. CVM treats Forex contracts and CFDs as derivatives/securities for this purpose. The Portal do Investidor page modified on 5 January 2026 states that unregistered public Forex offers and activity by unauthorised brokers are illegal and that, at that point, no Brazilian institution was authorised for Forex. CVM has also created controlled routes for Brazilian residents to access certain foreign markets through introducing-broker partnerships with Brazilian distribution-system intermediaries. Broker Fit therefore suppresses generic Open Account CTAs unless a Brazil-compliant serving/distribution route is verified.