In this guide, we will tell you everything about the best stock broker in Brazil, so you can choose where to invest your money with peace of mind.
We will make a list of the 5 best stock brokers in Brazil today, considering key aspects such as: products offered, regulations with which it operates, costs, customer support, among others. Choosing one of the best online stock broker is not an easy task and requires time to research and, if you can try them beforehand, of course, much better!
If you are reading these lines, it is probably because you are thinking of changing the stock broker you use to invest, or because perhaps you are about to start investing in stocks. In any case, we want to leave you with some tips that we believe will be useful when you make a decision about which broker to invest in the stock market with.
Products offered: Not all brokers work the same. Some work with the actual purchase of the stock, and others through CFD contracts. At AtoZ Markets, we believe that the best online stock brokers are those that allow you to trade with either of the two instruments.
Regulations: From AtoZ Markets, we do not get tired of insisting that the fundamental aspect on which you should focus when choosing between the best stock broker to invest your savings, is regulation. A platform that holds official licenses from State agencies (regardless of the country) gives us a basis of confidence that it is a serious, responsible company that must be accountable to higher agencies, therefore, our money will be safe there.
Cost: The issue of costs is another factor to consider in the balance. For example, some brokers maintain the policy of charging commissions per transaction, which raises the bar of our operation, making it more expensive and increasing the risk. Currently, a large part of the world of online brokers is turning to not charging commissions, but instead modifying their business model to obtain profitability through the spread. Keep this aspect in mind when you are going to choose, since among the best stock brokers the barrier of advantages/disadvantages can be very thin and the cost issue will make a difference.
Support: The effectiveness of a stock broker highly depends on customer support. The more the broker is efficient in providing assistance to their clients, the better.
The best stock broker should offer excellent client support and even provide useful tips and help in the trading process. On the other hand, poor customer service is a sign of a scam broker, as they are not connecting with you more often.
That said, what are the best stock brokers in Brazil? Here is the ranking with the Top 5 in 2024:
What is the best stock broker in Brazil?
The following evaluation shows you the best stock broker in Brazil.
eToro
eToro is one of the best trading platforms to invest online in more than 2,000 assets. Through its platform it is possible to operate online, with low spreads and competitive commissions, in a large number of assets ranging from equities to cryptocurrencies.
Founded in 2007, this broker quickly gained popularity among investors and is still considered one of the safest and most reliable brokers to trade online. The possibility of trading stocks and cryptocurrencies is also very popular, all with a very low minimum deposit: $50.
eToro has branches all over the world: the operating office is located in Cyprus, in the city of Limassol at Kanika International Business Center (KIBC), 4 Profiti Ilia Street, Germasogeia; The head office of the company is located in Tel Aviv; There is also an office in London.
Products offered
eToro is primarily a CFD broker where different contracts for differences can be traded. This can be used to map base values such as shares, ETFs, cryptocurrencies, foreign exchange or commodities. In addition, eToro offers a special feature that allows you buy stocks, ETFs and cryptos is also possible directly. If you take a long position and do not use leverage, you buy the underlying asset directly. The trading offer is extended by CopyTrading elements or cryptocurrency staking. The variety is enormous for customers of eToro.
Regulations
eToro is regulated in the UK by the Financial Conduct Authority (FCA), license number FRN 583263. In Cyprus, eToro is regulated by the Cyprus Securities and Exchange Commission (CyCEC), license CIF n° 109/10. eToro's presence in Australia is supported by a partnership with IC Markets.
Cost
The online broker eToro basically convinces with a transparent fee structure. Opening an account with a virtual trading account is completely free. There is also no fee for administration. Deposits can also be made free of charge with eToro and the Cypriot provider does not charge a commission. Compensation takes place via the spreads, which are usually within a fair range and are stated transparently. There are also additional fees for holding positions overnight. The payout also costs a fee of $5, so higher payout amounts are recommended.
Support
Customer assistance from eToro is overall efficient, although the absence of telephone support could make some traders turn up their noses.
Customer service takes place through two channels: live chat and Tickets. Both are active from Monday to Friday, 24 hours a day.
Live chat is only available to those who already have an account. Potential customers who have questions to submit to the eToro help desk will have to send a message from the eToro website, through the Ticket service.
Pros and Cons
- Wide range of markets and tradable products.
- Ability to copy other traders with social trading.
- User-friendly platform and app.
- Minimum deposit of only $50, also possible with debit or prepaid card.
- No telephone assistance.
- 1:30 maximum leverage.
Markets.com
Markets.com is an online broker founded in 2008 in Cyprus. From there, it had a healthy growth until it became one of the best stock brokers in Brazil, with a large number of users throughout Europe.
The reasons for its success are several and we will get to know them in this post. For now, we can list some of its main virtues:
- Through its Metatrader -type platform, it makes interesting functional tools available to its users,
- has a very vast real-time information and training base,
- Markets.com provides the ability to trade with leverage,
- has a large number of diverse assets on which you can invest,
- does not charge fixed commissions per transaction, but its business is to obtain profitability through the spread,
its platform is very complete and easy to use for beginners (it also allows you to use a demo account for those who need to gain confidence with it), among many others.
Markets.com currently has over four million investors and traders around the world. In addition, it has several official regulation licenses, which make it one of the best certified stock brokers in the world.
Products offered
Markets.com allows you to invest in a large number of assets. Really, there is hardly any type of asset that you cannot trade at this broker.
Besides the usual shares, Forex market, and indices, you can operate with CFDs. In addition, Markets.com offers more than 67 currency pairs to trade global currencies and more than 25 cryptocurrency pairs. This makes Markets.com one of the best cryptocurrency platforms.
Options, futures markets, indices, ETFs, and more than 30 commodities and raw materials complement this complete European broker.
Regulations
SafeCap Investments Limited operates Markets.com and is a Cyprus company. The company is multi-licensed by 6 financial institutions, namely: CySEC,ESMA,FCA,ASIC,FSCA, and FSC.
Cost
Like many of the best online brokers, Markets.com does not charge users fixed commissions per transaction. Its profitability comes from the spreads, which are low compared to other equally competitive brokers.
Regarding the rest of the commission and fee policies, Markets.com varies its schemes as to the platform you are using. It is also relative to the type of asset you are trading. Markets.com is recognized as one of the cheapest regulated brokers for CFD trading in Brazil, so we invite you to see the conditions first-hand on its own website.
Support
Customer support is provided 24 hours a day, either by email, or live chat. However, response times vary depending on the time of day, the method of contact, and the level of account a customer owns.
Pros and Cons
- Regulated
- Low fees
- More than 2,000 assets
- It allows a large number of payment methods
- Provides excellent customer service.
- Does not offer user support on weekends.
Capital.com
Capital.com is the winner in this comparison and one of the largest CFD brokers. The broker is regulated by several regulators and active worldwide.
Customers can trade over 6,000 markets from as little as $20. The customer can choose between CFD trading and investments in real stocks or ETFs. Also, use a free demo account to try out the platforms. A specially developed trading platform is offered, which is based on AI technology.
Overall, the Capital.com platform is one of the best for CFD traders. You get a good overview of the assets and professional charting is possible. You can also look at key figures, webinars and analyzes and thus improve your investment decisions.
Spreads start from as little as 0.0 pips with no commissions. All accounts are treated equally at Capital.com. All functions are therefore available from $20. There are also some further training opportunities in the form of tutorials and videos. For me, Capital.com offers the best overall package for CFD trading.
Products offered
There is a wide range of markets and asset classes that users can trade with Capital.com:
- 18 raw materials
- 29 cryptocurrencies
- 68 forex pairs
- Various indices
- Numerous stocks
- Almost 3000 individual stocks.
If you are also into forex trading, read our Best Forex Brokers in Brazil 2024 article.
Regulations
Capital.com is regulated by:
- CySEC,
- FCA,
- FSA
- ASIC
Capital.com are extremely trustworthy. They are fully compliant with ESMA legislation and in compliance with the FCA – a notoriously strict regulator. Capital.com has been featured in several respected publications (such as The Guardian and City AM). This is a platform traders can trust. The downside is protected and it is easy to set stop losses depending on your individual risk attitude.
Cost
Compared to many of its competitors, Capital.com offers some of the tightest spreads available on the market today - for example, one of the most liquid currency pairs, EUR/USD, is around 0.6 pips. Capital.com also does not charge commission on trades, and fees are only charged when positions are held open overnight.
Support
Capital.com can be contacted 16 hours a day, 7 days a week by phone, through a chat window on the website or through a messenger. You can also email a request using a web form. So, users have multiple options to get in touch with the support team. There is also an extensive FAQ section on the site that covers many important points.
The full list of contact details can be found on the Contact Us page of the website.
Pros and Cons
- More than 6000 trading assets.
- Award-winning trading platform
- Exclusive learning tools.
- Built-in economic calendar, exclusive webinars and market analysis.
- 0% commission & no hidden fees
- Market-leading spreads and Fast order execution
- No MT5
Here are some Alternative Brokers you may want to trade with
MultiBank Group
MultiBank Group is one of the biggest stock brokers founded in California, USA back in 2005. MultiBank Group has grown into a global brand with a large capital base and multiple branches around the world.
With its headquarters in Hong Kong, MultiBank Group has expanded its brand globally with 15 branches around the world. MultiBank Group also has over 320,000 clients from more than 90 countries around the globe with a trading volume of $6.2 billion each day.
Since it was launched, MultiBank has been recognized numerous times for its brokerage services by industry experts and renowned organizations. The runner has won over 40 awards and counting. In 2019, Multibank Group bagged 10 market awards.
Products offered
MultiBank offers over 45 Forex currency pairs including minor, major and exotic crosses. You can also trade 2 metals, over 1,000 Stock CFDs, 6 indices and 3 commodities.
Regulations
MultiBank Group has licenses and regulations across 4 continents and works with financial regulators across various jurisdictions to provide investor protection.
MultiBank Group is licensed and regulated by ASIC, BaFin, CIMA, FMA, TFG, HKCE, MAS, AUSTRAC, BVI, VFSC.
Cost
MultiBank's trading conditions really seem good. The leverage levels provided are very low as compared to other forex brokers, reaching 1:500 maximum, which might suffice the needs of almost all types of traders. For ECN Pro platform, the broker has a commission of $2/3 lots round trip, while no commission is being charged for MultiBank Pro & Standard account types.
Besides, the cost of trading with this broker seems moderately low – the initial deposit required is $50 and the benchmark EUR/USD spread is floating around 0.7 pips (no commission applies).
Support
MultiBank has a multilingual customer service team that operates on a 24/5 schedule. More than 40 customer service hotlines are listed for different countries. If you would like to receive a phone call, simply complete the 'Get a Callback' form which is available on all web pages. There is also a "Request a videoconference" form on the contact page. To chat with a customer service representative, use the 'chat now' button to open the instant web chat window. Skype calls and chats are also available. You can also contact the support team by email. You can also connect with the broker on social media; Facebook, Twitter, YouTube, LinkedIn, and Instagram
Pros and Cons
- Well regulated
- Free and varied deposit and withdrawal options
- Fast and helpful customer service
- Quick and easy account opening
- Inactivity fees
- Limited product coverage
Exness
Founded in 2008, Exness strives to provide the best trading conditions in the Forex industry. The legal entity was registered in Saint Vincent, and the Grenadines, where the central office is currently located.
In the past few years, this broker has developed at an impressive rate and is recognized today as an industry leader. Continuous development, guided primarily by the systematic improvement of trading conditions, is the key to the Exness Group's long-term success.
Exness is committed to consistently improving and providing better trading services and is today trusted by millions of traders across the globe. Exness holds the following major regulations or licenses.
Exness is a broker with a number of prestigious forex awards. Here is some of them:
- "Best Forex Broker Russia 2011" according to the International Business Times;
- "Best Standard Forex Broker Asia 2012" according to "Global Banking & Finance Review";
- "Best Mini Broker 2013" by World Finance Media magazine.
Products offered
Exness provides Brazilian traders with an opportunity to trade currency pairs, CFDs, ETFs, securities, indices, raw materials, cryptocurrency, and precious metals.
Regulations
Exness is authorized and regulated by CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao. This means that Exness can provide its services not only in Seychelles but also in Europe, Asia, Australia, and the CIS.
Cost
Exness’s trading costs are generally lower than other brokers. The fees that Exness charges are based on the type of account pertaining to commission fees. There are low spreads or commission for ECN account, also there is no deposit or withdrawal fees, but be sure to check the inactivity fee.
Support
Finally, you will get advanced support offering customer service 24/5 available in 13 languages, and 24/7 support, along with comfortable conditions for trading. Exness actually scores pretty well for its support and is recognized across the financial markets for excellence.
Pros and Cons
- Regulated
- Minimum deposit - $1
- High speed order execution
- Highest forex leverage
- Low trading costs and spreads
- 24/7 Customer Support
- No bonuses
Take away
In this article, you have seen my experiences with the best stock brokers in Brazil. Nowadays there are many good providers in this field. Brokers are a very important topic for every trader, because the customers' capital should be managed safely and trustingly.
All providers compared above meet the highest standards for your trading. They are regulated, offer professional trading platforms and excellent support. In addition, the fees are extremely low, so switching is worthwhile in most cases.
Use the demo account first to be sure to take a closer look at the brokers. So nothing stands in the way of your profits and you can start trading. I wish you every success in trading.
Top Stock Brokers in Brazil 2024
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