IG Vs FxPro 2026: Best Broker For Brazil Traders
Which broker is better for Brazil traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Brazil Traders
Head-to-head comparison
Brazil's retail trading community is growing fast, and choosing the right broker is key to success. IG (rated 4.2/5) and FxPro (rated 4.1/5) are two top contenders for traders in Brazil, both offering BRL accounts, local payment methods like PIX, Bank Transfer, and Credit Card, and access to global markets. IG stands out with its extensive product range, including Brazilian stocks and B3 indices, plus strong educational resources. FxPro, on the other hand, is known for ultra-competitive spreads and a focus on forex and CFD trading. Both brokers operate under international regulation (FCA, CySEC) and accept Brazilian residents, but neither is directly licensed by the CVM. This comparison dives deep into spreads, platforms, deposits, and support to help you decide which broker fits your trading style in 2026.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | IG | 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 | $0 | $100 | IG |
For Brazil traders, trading costs can eat into profits, especially when trading in BRL. IG's standard account offers spreads from 0.8 pips on EUR/USD with no commission, while FxPro's RAW account starts at 0.6 pips but charges a $3.5 commission per lot. For higher-volume traders, FxPro's RAW account is cheaper overall, while IG suits smaller traders who prefer no-commission pricing. On indices like the Ibovespa, IG's spreads are tighter (from 1.2 points) versus FxPro's 1.5 points. Commodities like gold also favor IG with spreads from 0.3 points. Brazil traders should calculate total costs based on their typical trade size and frequency.
Account Types Comparison
| Account Type | IG | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $0 | $100 |
Leverage Comparison - Brazil Traders
| Entity / Asset | IG | FxPro |
|---|---|---|
| Brazil (offshore) | Up to 1:200 | Up to 1:500 |
| Forex major pairs | 1:200 | 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 |
Trading Instruments - Assets Available
| Asset Class | IG | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IG |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IG |
| Crypto CFDs | 30+ | 20+ | IG |
| Stocks / Share CFDs | 1,000+ | 1,700+ | FxPro |
| ETFs | ✓ | ✗ | Tie |
Platforms Comparison
| Platform | IG | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✓ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
IG and FxPro both offer MetaTrader 4 and 5, which are popular among Brazil traders for their custom indicators and automated trading. IG additionally provides its proprietary web platform and mobile app, which feature advanced charting, news feeds, and integrated education in Portuguese. FxPro offers cTrader alongside MT4/5, giving traders more choice for ECN-style trading. For Brazil traders, IG's platform is more beginner-friendly with local language support, while FxPro's cTrader appeals to scalpers and algorithmic traders. Mobile apps for both brokers are well-optimized for Brazilian users, with PIX deposit options directly in the app.
Execution Quality - Speed & Slippage
| Factor | IG | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | IG |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IG uses market execution for most instruments, with average execution speed under 50ms on forex pairs. FxPro offers both instant and market execution, with speeds as low as 30ms on RAW accounts via cTrader. For Brazil traders trading volatile markets like USD/BRL, FxPro's ECN model provides tighter spreads and faster fills, while IG's execution is reliable but slightly slower during high volatility. Both brokers have no requotes on market orders.
Regulation & Safety for Brazil Traders
| Safety Factor | IG | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IG is regulated by the FCA (UK), FxPro by FCA and CySEC (Cyprus), and both hold FSCA licenses in South Africa. While neither broker is directly regulated by Brazil's CVM, they comply with local laws and accept Brazilian clients. This means Brazil traders get strong investor protection from top-tier regulators but not the specific protections of the CVM. IG's FCA regulation offers up to £85,000 compensation under the FSCS, while FxPro's CySEC license provides €20,000 coverage under ICF. For Brazil traders, this is a trade-off: more regulatory oversight but less local recourse. Both brokers segregate client funds and offer negative balance protection.
Deposits & Withdrawals for Brazil
| Payment Method | IG | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 1 to 5 business days | 1 business day |
Depositing and withdrawing in BRL is straightforward at both brokers. IG supports PIX, Bank Transfer (TED/DOC), and Credit Card (Visa/Mastercard). PIX deposits are instant and free, while Bank Transfer takes 1-2 business days. Credit Card deposits are instant but may incur a 1% fee. Minimum deposit is BRL 400 equivalent. Withdrawals are processed within 1-2 business days via Bank Transfer or PIX, with no fees from IG. FxPro also offers PIX, Bank Transfer, and Credit Card deposits in BRL. Minimum deposit is BRL 500 equivalent. Credit Card deposits have a 2% fee, while PIX and Bank Transfer are free. Withdrawals at FxPro are free for Bank Transfer and PIX, processed within 24 hours on business days. Both brokers allow withdrawals back to the original deposit method.
Islamic Accounts - Swap-Free for Brazil Muslims
| Islamic Account Feature | IG | 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 |
Both IG and FxPro offer Islamic (swap-free) accounts for Muslim traders in Brazil. IG provides Islamic accounts on request for all account types, with no swap charges on overnight positions. FxPro automatically offers swap-free accounts on Standard and RAW accounts after account verification. Important: Islamic accounts may have restrictions on certain instruments (e.g., some commodities or indices) and may incur a small admin fee after a holding period (typically 10-30 days). Brazil traders should contact support to confirm eligibility and terms. Both brokers treat Islamic accounts with the same execution quality as standard accounts.
Customer Support Comparison
| Support Feature | IG | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IG |
IG offers 24/7 customer support in Portuguese via live chat, email, and phone, with a dedicated Brazil team. FxPro provides support in English and Portuguese via live chat and email, but phone support is limited to business hours. IG's local support is a clear advantage for Brazil traders who prefer Portuguese communication. Both brokers have extensive FAQ sections and educational resources in Portuguese, but IG's support responsiveness is generally faster.
Mobile App Comparison
| Mobile Feature | IG | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IG |
| Google Play rating | 4.3 stars | 4.2 stars | IG |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | IG |
Education & Research Tools
| Resource | IG | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IG |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
IG
FxPro
Who Should Use Which Broker? - Brazil Guide
Choose IG if you...
- Want access to Brazilian stocks and B3 indices in addition to global markets.
- Prefer a beginner-friendly platform with Portuguese language support and local education.
- Need 24/7 Portuguese customer support via phone and chat.
- Trade lower volumes and prefer no-commission accounts with competitive spreads.
Choose FxPro if you...
- Focus on forex trading and want the tightest spreads on major pairs (from 0.6 pips).
- Use automated trading strategies and prefer cTrader or MT4/5 platforms.
- Trade high volumes and benefit from commission-based RAW accounts.
- Value fast execution speeds for scalping and day trading.
FAQ - IG vs FxPro in Brazil
Is IG or FxPro better for Brazil?
+Can Brazil traders use both brokers legally?
+Which broker has lower spreads for Brazil traders?
+How do Brazil traders deposit at IG and FxPro?
+Do both brokers offer Islamic accounts for Brazil?
+Final Verdict - Brazil 2026
For Brazil traders in 2026, IG is the better all-round choice, especially for beginners and those wanting local market access. Its strong educational resources, Portuguese support, and PIX integration make it ideal for the growing retail community. FxPro wins on forex spreads and execution speed, suiting experienced traders and scalpers. Both brokers accept BRL deposits via PIX, Bank Transfer, and Credit Card, and operate under reputable international regulators. While neither is CVM-regulated, they offer robust investor protection. Ultimately, IG's higher rating (4.2 vs 4.1) reflects its broader appeal for Brazil traders, but FxPro remains a strong alternative for cost-conscious forex traders.
