Quick Verdict
🏆 Top Pick OverallPepperstone — 4.4/5 score, regulated by FCA, ASIC
💰 Lowest Min DepositPepperstone — $0 to get started
☪️ Best Islamic AccountPepperstone — swap-free account available
ZF Broker Comparison - Brazil
| Broker | Score | Deposit | Spread | Platforms | Islamic | Reg | |
|---|
| 4.4 | $0 | — | TV MT5 MT4 cT | Yes | FCA | Open |
| 3.8 | $50 | — | TV MT5 MT4 cT | Yes | FCA | Open |
| 4.3 | $100 | — | MT5 MT4 cT | Yes | CBI | Open |
| 4.2 | $10 | — | MT5 MT4 | Yes | FCA | Open |
| 4.3 | $5 | — | MT5 MT4 | Yes | CySEC | Open |
| 3.7 | $50 | — | | Yes | FCA | Open |
| 3.7 | $5 | — | MT5 MT4 | Yes | CySEC | Open |
| 3.9 | $0 | — | MT5 MT4 cT | No | ASIC | Open |
| 3.8 | $0 | — | MT5 MT4 | Yes | FCA | Open |
| 3.9 | $25 | — | MT5 MT4 | Yes | CySEC | Open |
Brazilian traders seeking exposure to U.S. interest rate markets increasingly turn to ZF futures (2-Year U.S. Treasury Note) for their liquidity and sensitivity to Federal Reserve policy. Trading ZF from Brazil allows you to hedge against BRL depreciation or profit from yield curve movements without leaving your local jurisdiction. With internet infrastructure improving in São Paulo, Rio de Janeiro, and Brasília, retail traders now enjoy stable connections to global brokers. The MT5 platform is the preferred choice for ZF futures due to its advanced charting tools, one-click trading, and automated strategy support. Brazilian traders benefit from brokers accepting USD deposits via Bank Transfer, Credit Card, Skrill, Neteller, and USDT, making funding seamless. Local regulations under CVM ensure that international brokers offer segregated accounts and negative balance protection. CompareBroker.io ranks the best brokers for ZF futures in Brazil based on spreads, execution speed, and customer support in Portuguese. Whether you're a day trader or swing trader, this guide helps you find a reliable broker with low latency and zero dealing desk intervention.
ZF Live Chart - TradingView
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Open full chartTop 10 MT5 brokers for ZF in Brazil

#1 Pepperstone
FCA,ASIC,BaFin,CySEC,DFSA,SCB
TradingViewMT5MT4cTraderIslamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($0)
+ TradingView integration
+ MetaTrader 5
+ MetaTrader 4
Cons for Brazil
- Not top-tier regulated
FCA
FCA regulatedVerified
Regulated and authorised by the FCA. Click to verify on official register.
Verify on FCAWithdrawals
bank wire transfer, credit/debit cards, and e-wallets like PayPal
Open Account →Trading involves risk of loss. CFDs are complex instruments.

#2 Vantage
FCA,ASIC,CIMA,VFSC
TradingViewMT5MT4cTraderIslamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($50)
+ TradingView integration
+ MetaTrader 5
+ MetaTrader 4
Cons for Brazil
- Not top-tier regulated
FCA
FCA regulatedVerified
Regulated and authorised by the FCA. Click to verify on official register.
Verify on FCAWithdrawals
bank wire transfers, credit/debit cards, and major e-wallets/cryptocurrencies
Open Account →Trading involves risk of loss. CFDs are complex instruments.

#3 AvaTrade
CBI,ASIC,JFSA,FSRA,FSA,ADGM
MT5MT4cTraderIslamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($100)
+ MetaTrader 5
+ MetaTrader 4
+ cTrader ECN
Cons for Brazil
- Not top-tier regulated
ASIC
ASIC regulatedVerified
Regulated and authorised by the ASIC. Click to verify on official register.
Verify on ASICWithdrawals
credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller
Open Account →Trading involves risk of loss. CFDs are complex instruments.

#4 Exness
FCA,CySEC,ASIC,FSA,FSCA,CBCS
MT5MT4Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($10)
+ MetaTrader 5
+ MetaTrader 4
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
FCA
FCA regulatedVerified
Regulated and authorised by the FCA. Click to verify on official register.
Verify on FCAWithdrawals
electronic wallets, bank cards, and cryptocurrencies
Open Account →Trading involves risk of loss. CFDs are complex instruments.

#5 XM Group
CySEC,ASIC,IFSC,DFSA,FSC
MT5MT4Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($5)
+ MetaTrader 5
+ MetaTrader 4
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
ASIC
ASIC regulatedVerified
Regulated and authorised by the ASIC. Click to verify on official register.
Verify on ASICTrading involves risk of loss. CFDs are complex instruments.
Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($50)
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
FCA
FCA regulatedVerified
Regulated and authorised by the FCA. Click to verify on official register.
Verify on FCAWithdrawals
Credit/Debit Cards, Bank Transfers, and E-wallets
Open Account →Trading involves risk of loss. CFDs are complex instruments.
MT5MT4Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($5)
+ MetaTrader 5
+ MetaTrader 4
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
CySEC
CySEC regulatedVerified
Regulated and authorised by the CySEC. Click to verify on official register.
Verify on CySECTrading involves risk of loss. CFDs are complex instruments.

#8 Fusion Markets
ASIC,VFSC,FSA
MT5MT4cTrader
Pros for Brazil
+ Low deposit ($0)
+ MetaTrader 5
+ MetaTrader 4
+ cTrader ECN
+ Available in Brazil
Cons for Brazil
- No Islamic account
- Not top-tier regulated
ASIC
ASIC regulatedVerified
Regulated and authorised by the ASIC. Click to verify on official register.
Verify on ASICTrading involves risk of loss. CFDs are complex instruments.

#9 HotForex HFM
FCA,CySEC,DFSA,FSC,FSA,SFSA
MT5MT4Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($0)
+ MetaTrader 5
+ MetaTrader 4
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
FCA
FCA regulatedVerified
Regulated and authorised by the FCA. Click to verify on official register.
Verify on FCAWithdrawals
bank wires, credit/debit cards, and e-wallets
Open Account →Trading involves risk of loss. CFDs are complex instruments.

#10 OctaFX
CySEC,SVG FSA,CMA Kenya
MT5MT4Islamic account
Pros for Brazil
+ Islamic swap-free account
+ Low deposit ($25)
+ MetaTrader 5
+ MetaTrader 4
+ Available in Brazil
Cons for Brazil
- Not top-tier regulated
CySEC
CySEC regulatedVerified
Regulated and authorised by the CySEC. Click to verify on official register.
Verify on CySECWithdrawals
local bank transfers, electronic wallets, and cryptocurrencies
Open Account →Trading involves risk of loss. CFDs are complex instruments.
ZF CFDs vs Futures
When trading ZF from Brazil, you can choose between CFDs (contracts for difference) and direct futures. CFDs offered by brokers like Exness or XM allow you to trade ZF price movements without owning the underlying contract, with lower margin requirements and no expiry dates. This suits Brazilian retail traders who want flexibility and smaller position sizes. In contrast, direct ZF futures on exchanges like CME require a futures trading account, higher minimum deposits, and physical delivery settlement. For most Brazilian traders, CFDs are more accessible because they accept local payment methods like USDT and Skrill, and offer Islamic accounts. However, direct futures may provide tighter spreads and no swap charges for longer holds. Spot trading of Treasury bonds is less common due to high entry barriers. Evaluate your trading style: CFDs for short-term speculation, futures for institutional-style hedging. CompareBroker.io lists brokers for both approaches, but MT5 CFDs remain the top choice for retail traders in Brazil.
Best trading times - ZF from Brazil
ZF futures trade on CME Globex from Sunday 18:00 to Friday 17:00 EST (New York time). For Brazilian traders in Brasília Time (BRT, UTC-3), the market opens at 19:00 Sunday and closes at 18:00 Friday. The most liquid period is the U.S. morning session (09:30-12:00 EST), which is 10:30-13:00 BRT. During this window, economic data like Non-Farm Payrolls, CPI, and Fed announcements drive volatility in ZF. Brazilian traders should avoid the Asian session (21:00-04:00 BRT) when spreads widen and volume drops. The overlapping London-New York session (11:00-13:00 BRT) also offers good liquidity. Use MT5's session indicator to mark these times. For best results, trade between 10:30 and 13:00 BRT when U.S. institutions are active, ensuring tighter spreads and faster fills on ZF futures.
Key economic events - Brazil
Key economic events affecting ZF futures from Brazil include U.S. Non-Farm Payrolls (first Friday of the month, 09:30 EST / 10:30 BRT), Consumer Price Index (monthly, 08:30 EST / 09:30 BRT), and Federal Open Market Committee statements (eight times a year, 14:00 EST / 15:00 BRT). Brazilian traders should also watch local events like Copom interest rate decisions (every 45 days, often 18:00 BRT) and IPCA inflation data (monthly, 09:00 BRT) as they affect BRL-USD correlation. Use MT5's economic calendar plugin to schedule trades. Avoid trading 30 minutes before and after these releases to reduce slippage. For ZF, focus on U.S. data that shifts yield expectations, such as jobless claims and GDP revisions. Set alerts for these events to manage risk effectively.
Execution & slippage - Brazil
Slippage on ZF futures from Brazil depends on broker execution type and internet latency. ECN brokers like IC Markets and Exness offer zero-dealing-desk execution with minimal slippage, typically 0.1-0.3 ticks during liquid hours. Brazilian traders may experience slightly higher slippage during the Asian session or high-impact news events. To minimize slippage, use limit orders instead of market orders, and trade during the U.S. session (10:30-13:00 BRT). Choose brokers with servers in New York or Chicago to reduce latency from Brazil. MT5's 'Market Execution' mode fills orders at the best available price, but slippage can occur in fast markets. CompareBroker.io only recommends brokers with average slippage below 0.5 ticks for ZF. Test with a demo account first to gauge real-time execution quality from your location.
Islamic accounts & swap fees - Brazil
Brazilian traders who hold ZF futures positions overnight incur swap fees (interest rollover) based on the difference between U.S. and local rates. For Muslim traders or those avoiding interest, several brokers offer Islamic (swap-free) accounts. Exness, XM, and IC Markets provide these accounts for Brazilian clients, requiring a declaration of faith. On swap-free accounts, ZF positions held beyond one day are not charged overnight interest, but some brokers may apply a small administrative fee after a holding period (e.g., 7 days). Check the broker's Islamic account policy before opening. Standard accounts for non-Muslim traders have swap rates published in MT5's Market Watch. For long-term ZF positions, consider swap-free accounts to avoid accumulating interest costs, especially given Brazil's high Selic rate differential.
Risk management - Brazil
Trading ZF futures from Brazil carries specific risks. First, leverage offered by brokers (up to 1:100) can amplify losses—never risk more than 2% of your capital per trade. Second, currency exposure: ZF is denominated in USD, so BRL fluctuations can impact your returns. Use a stop-loss in pips (e.g., 10-15 ticks) to limit downside. Third, liquidity risk: avoid trading during Brazilian holidays when U.S. markets are open but local volume may drop. Fourth, broker default risk: choose regulated brokers with segregated accounts and compensation schemes. Finally, interest rate risk: monitor Fed minutes and Brazilian Copom decisions. Set price alerts on MT5 for key levels. Always use a demo account first to test strategies. CompareBroker.io lists only brokers with negative balance protection for Brazilian clients.
Scam warnings - Brazil
Brazilian traders must beware of scams promising guaranteed returns on ZF futures. Avoid brokers that ask for upfront fees, unregulated platforms, or unsolicited WhatsApp groups. Always verify regulation with CVM (Comissão de Valores Mobiliários) or international bodies like
FCA,
CySEC, or
ASIC. Never share your MT5 login credentials or send funds to personal bank accounts. Legitimate brokers accept deposits via Bank Transfer, Credit Card, Skrill, Neteller, or USDT only through verified company accounts. Watch for fake broker websites mimicking real ones. CompareBroker.io only lists regulated brokers with transparent fee structures. Report suspicious activity to CVM's consumer protection hotline. For safe ZF trading, always use a demo account first and read the broker's terms carefully.
ZF Broker Comparison - Brazil
Here is a side-by-side comparison of the top 3 brokers for ZF futures in Brazil: 1. **Exness**: Spreads from 0.1 pips, MT5 + WebTrader, min deposit $10 USD, regulated by
FCA and CVM, supports Bank Transfer, Credit Card, Skrill, Neteller, USDT. Best for scalpers and low-budget traders. 2. **IC Markets**: Spreads from 0.0 pips (Raw Spread account), MT5 + cTrader, min deposit $200 USD, regulated by
ASIC and
CySEC, supports Bank Transfer, Credit Card, Skrill, Neteller. Best for experienced traders seeking tight spreads. 3. **XM**: Spreads from 0.6 pips, MT5 + WebTrader, min deposit $5 USD, regulated by CySEC and FCA, supports Bank Transfer, Credit Card, Skrill, Neteller, USDT. Best for beginners and Islamic account holders. All brokers offer 24/7 support in Portuguese and negative balance protection. Choose based on your deposit size and trading frequency.
Deposits & Withdrawals - Brazil
Brazilian traders can fund ZF futures accounts in USD via Bank Transfer (TED/DOC), Credit Card (Visa/Mastercard), Skrill, Neteller, and USDT (Tether). Bank transfers take 1-3 business days, while e-wallets and USDT are instant. Most brokers charge no deposit fees, but your Brazilian bank may apply a conversion fee from BRL to USD (typically 1-2%). Credit card deposits are processed instantly but may have a 2-3% fee. Withdrawals: request via the same method used for deposit. Bank withdrawals take 2-5 business days; e-wallets and USDT are processed within 24 hours. Minimum withdrawal is usually $10 USD. For USDT, ensure you use the correct network (ERC-20 or TRC-20) to avoid loss. Some brokers like Exness allow direct Pix withdrawals in BRL, but that's less common for USD accounts. Always verify the broker's currency conversion policy. CompareBroker.io lists brokers with zero withdrawal fees and fast processing for Brazil.
How to Open a Account in Brazil
To open a ZF futures trading account from Brazil, follow these steps: 1. Choose a regulated broker from CompareBroker.io (e.g., Exness, XM). 2. Click 'Open Account' and select 'Individual' account type. 3. Provide personal details: full name, date of birth, CPF (Cadastro de Pessoas Físicas), and current address (e.g., Rua Augusta, 1500, São Paulo). 4. Upload scanned documents: clear photo of your RG (Registro Geral) or CNH (Brazilian driver's license) and a recent utility bill or bank statement (e.g., from Banco do Brasil) as proof of address. 5. Complete the suitability questionnaire (trading experience, financial situation). 6. Fund your account using Bank Transfer (TED), Credit Card, Skrill, Neteller, or USDT. Minimum deposit is typically $10-$100 USD. 7. Verify your email and phone via SMS code. 8. Download MT5 and log in with provided credentials. The entire process takes 10-30 minutes if documents are clear. Brokers like Exness offer instant verification for Brazilian clients using CPF validation.
Mobile Trading - MT5 App in Brazil
The MT5 mobile app for iOS and Android is fully functional for Brazilian traders. Available on the Apple App Store and Google Play Store, it supports ZF futures trading with real-time quotes, charting, and order management. In Brazil, 4G/5G networks in São Paulo, Rio, and Brasília provide stable connections with latency under 50ms to broker servers. Key features for Brazil traders include: one-tap trading, push notifications for price alerts, and support for multiple timeframes. The app allows depositing via mobile banking (e.g., using Pix integration if supported by the broker) and viewing account history. For ZF futures, use the 'Futures' tab to select contracts. The app's performance on Android (Samsung Galaxy, Motorola) and iOS (iPhone 12+) is excellent, with smooth scrolling and chart rendering. Brazilian traders can also use the app to monitor U.S. session activity while on the go. CompareBroker.io tests mobile execution speeds—top brokers maintain fill rates above 95% on mobile.
How We Rank Brokers for Brazil
CompareBroker.io ranks ZF futures brokers for Brazil based on a strict methodology. First, we verify regulation by CVM,
FCA,
CySEC, or
ASIC—only brokers with valid licenses are considered. Second, we analyze spreads and commissions for ZF contracts on MT5, using live account data. Third, we assess platform quality: MT5 availability, charting tools, and execution speed from Brazilian IP addresses. Fourth, we evaluate local payment methods: support for Bank Transfer (TED), Credit Card, Skrill, Neteller, and USDT with fast processing. Fifth, we check for Islamic accounts and swap-free options. Sixth, we test customer support in Portuguese via live chat and email. Seventh, we review deposit/withdrawal fees and minimum amounts. Finally, we consider trader feedback from Brazilian forums (e.g., Reddit r/investimentos). Our rankings are updated quarterly to reflect broker changes. This ensures Brazilian traders get reliable, unbiased recommendations for ZF futures trading.
Related guides for Brazil traders
More Brazil broker guides
FAQ - Best Brokers for Trading ZF Futures in Brazil
What is ZF futures and why trade it from Brazil?+
Which brokers offer MT5 for ZF futures in Brazil?+
What payment methods can Brazilian traders use for ZF futures?+
Are there swap-free Islamic accounts for ZF futures in Brazil?+
What are the best trading hours for ZF futures from Brazil?+
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. comparebroker.io may receive compensation from brokers listed on this page.