Which broker is better for Brazil traders in 2026? Expert analysis across 12 categories.
Brazil's growing retail trading community increasingly turns to international forex brokers to access global markets. EasyMarkets and FxPro are two well-known brokers that accept Brazilian clients and support local payment methods like PIX, Bank Transfer, and Credit Card. Both offer trading in BRL-denominated accounts (subject to base currency), though traders should note currency conversion costs. EasyMarkets, founded in 2001, is known for its fixed spreads and user-friendly web platform, while FxPro, established in 2006, provides institutional-grade execution via MT4, MT5, and cTrader. With the CVM overseeing Brazilian capital markets, local traders must ensure their broker operates under reputable licenses – both EasyMarkets (CySEC, ASIC) and FxPro (FCA, CySEC, FSCA) meet international standards. This comparison evaluates spreads, platforms, regulation, and deposit methods specifically for Brazil, helping you decide which broker suits your trading style and local needs.
| Instrument | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $25 | $100 | FxPro |
For Brazil traders, trading costs directly impact profitability, especially when trading in smaller lot sizes. FxPro offers variable spreads starting from 0.2 pips on EUR/USD via its Raw Spreads account (with a commission of $3.5 per lot), or spreads from 1.0 pips on the Standard account with no commission. EasyMarkets uses fixed spreads averaging 1.2 pips on EUR/USD across all account types, with no commission. For a Brazilian trader executing 10 lots per week, FxPro's Raw Spreads can save around $20 compared to EasyMarkets. However, if you prefer predictable costs and trade less frequently, EasyMarkets' fixed spreads eliminate the risk of spread widening during volatile news events. Both brokers charge no deposit fees for PIX, but FxPro may pass on conversion fees for BRL deposits.
| Account Type | EasyMarkets | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $25 | $100 |
| Entity / Asset | EasyMarkets | FxPro |
|---|---|---|
| Brazil (offshore) | Up to 1:2000 | Up to 1:500 |
| Forex major pairs | 1:2000 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | EasyMarkets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | EasyMarkets |
| Crypto CFDs | 30+ | 20+ | EasyMarkets |
| Stocks / Share CFDs | ✗ | 1,700+ | FxPro |
| ETFs | ✗ | ✗ | Tie |
| Platform | EasyMarkets | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✓ |
| MetaTrader 5 (MT5) | ✗ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Brazilian traders expect robust, fast, and reliable trading platforms. FxPro excels here, offering MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge. These platforms support advanced charting, automated trading via Expert Advisors (EAs), and one-click execution – crucial for active traders. EasyMarkets provides its own web-based platform and mobile app, which are very user-friendly for beginners but lack the depth of MT4/5. For traders in Brazil who rely on algorithmic trading or complex analysis, FxPro is the clear winner. However, EasyMarkets gives access to a unique 'Deal Cancellation' feature that allows trade reversal within one hour of opening, a safety net some beginners appreciate.
| Factor | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | EasyMarkets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✗ | ✓ | Tie |
Execution quality matters for Brazilian traders, especially those trading volatile pairs like USD/BRL. FxPro uses a No Dealing Desk (NDD) model with STP/ECN execution, offering direct market access and fast order fills with minimal requotes. EasyMarkets operates a market maker model, where it takes the opposite side of your trade, potentially leading to fixed spreads but occasional slippage during high volatility. For day traders and scalpers, FxPro's execution model provides more transparency and speed. However, EasyMarkets' execution is reliable for standard trades and may suit longer-term position traders who prefer fixed pricing. Both brokers execute orders in milliseconds, but FxPro's infrastructure gives an edge for volume-heavy Brazil traders.
| Safety Factor | EasyMarkets | FxPro |
|---|---|---|
| Primary regulator | CySEC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a top priority for Brazil traders given the absence of direct CVM oversight for foreign brokers. EasyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), providing negative balance protection and segregated client funds. FxPro holds licenses from the UK Financial Conduct Authority (FCA), CySEC, and the Financial Sector Conduct Authority (FSCA) of South Africa. FxPro's FCA regulation offers additional client protection under the Financial Services Compensation Scheme (FSCS) for eligible traders. For Brazilian residents, FxPro's multiple-tier regulation offers a higher safety net, although EasyMarkets also meets international standards. Both brokers accept Brazilian clients without local licensing, so traders should verify the broker's registration with the CVM's caution list.
| Payment Method | EasyMarkets | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) | 1 business day |
Depositing and withdrawing funds is seamless for Brazilian traders at both brokers thanks to PIX support. At EasyMarkets, you can deposit via PIX (instant, free), Bank Transfer (free, 1-3 business days), or Credit Card (instant, free). The minimum deposit is $100 (approx 500 BRL). Withdrawals are processed within 24 hours via PIX or bank transfer, with no fees for the first withdrawal monthly. FxPro also accepts PIX (instant, free), Bank Transfer (free, 1-5 days), and Credit Cards (instant, free). Minimum deposit is $100 (converted to BRL). FxPro processes withdrawal requests within same day for PIX and sends funds directly to your account. Note: Credit card withdrawals may only be refunded to the same card. Both brokers allow BRL deposits through PIX, but FxPro converts to base currency automatically, while EasyMarkets offers BRL as base currency in some accounts. Always check for any intermediary bank fees on bank transfers, especially for large amounts.
| Islamic Account Feature | EasyMarkets | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Brazil's Muslim population can trade with Islamic accounts at both brokers. EasyMarkets offers swap-free accounts on request for all clients, with no expiry or conditions. No extra spreads or commissions apply. FxPro also provides Islamic accounts but requires a minimum deposit of $500 and sometimes a documented request (e.g., religious affiliation proof). FxPro's Islamic accounts are available on all platforms including MT4 and cTrader. Brazil traders should verify that Islamic accounts are offered in their chosen base currency (e.g., BRL or USD). Both brokers comply with Sharia principles by not charging or paying any interest on overnight positions. However, FxPro may apply a small administrative fee for long-held positions over several days, while EasyMarkets does not. Check with each broker's support team for specific terms applicable to Brazilian residents.
| Support Feature | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | EasyMarkets |
Customer support in Portuguese is a key factor for Brazil traders. EasyMarkets provides 24/5 support via live chat, email, and phone, and offers a dedicated Portuguese-speaking team during business hours. FxPro also offers multilingual support 24/5 via live chat, email, and phone in English, Spanish, and Portuguese, but response times can vary. Both brokers have extensive FAQs and knowledge bases. For faster support, EasyMarkets' live chat is available instantly, while FxPro's phone support may have shorter wait times for Portuguese speakers. Overall, both brokers adequately serve Brazil-based clients, but EasyMarkets edges ahead with more proactive Portuguese-language assistance.
| Mobile Feature | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | EasyMarkets |
| Google Play rating | 4.3 stars | 4.2 stars | EasyMarkets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | EasyMarkets | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | EasyMarkets |
Choose EasyMarkets if you...
Choose FxPro if you...
For Brazil traders in 2025, FxPro emerges as the stronger choice with a rating of 4.1/5 compared to EasyMarkets' 3.4/5. FxPro offers lower spreads, more platform choices, and a No Dealing Desk execution model that suits active and volume traders. It also supports PIX and other local payment methods efficiently. While EasyMarkets provides a simpler experience with fixed spreads and unique tools like Deal Cancellation, its higher trading costs and limited platform options hold it back. For long-term position traders or beginners, EasyMarkets may still be viable, but for most Brazilian retail traders, especially those focused on cost efficiency and advanced trading, FxPro is the recommended broker. Always verify the broker's current status with the CVM and choose an account that aligns with your trading volume and currency needs.