| Updated: September 3, 2024Brazil is the largest country in South America by area, population, and economy, attracting investors with its rich natural resources, qualified workforce, and consistently expanding consumer base. The country adopted floating exchange rates for its currency, the Brazilian real, in 1999, and eased its restrictions on forex trading several years later. Residents can legally engage in forex trading, although their access to certain derivatives like CFDs remains severely limited for the time being.
Many forex brokers target customers from the country, although not all are equally trustworthy. At Best Brokers, we decided to simplify the selection process by shortlisting Brazil’s most reliable forex trading platforms. Our experts registered live trading accounts with all brokers featured on our toplist to test their order execution quality, software, withdrawal speed, and customer support first-hand. Continue reading to learn more about forex trading regulations in Brazil and find a broker that best corresponds to your needs.
Fusion Markets74-89% of retail CFD accounts lose money
Pepperstone75.5% of retail investor accounts lose money
Global Prime74-89% of retail CFD accounts lose money
Capital.com75% of retail investor accounts lose money
City Index69% of retail investor accounts lose money
Plus50080% of retail investor accounts lose money
CMC Markets71% of retail investor accounts lose money
Libertex74.91% of retail investor accounts lose money
IG70% of retail client accounts lose money
Iron FX67.62% of retail investor accounts lose moneyBrazilian Forex Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,662 | 4.9 ⭐ |
| 2. Pepperstone | 2,533 | 4.7 ⭐ |
| 3. Global Prime | 142 | 4.4 ⭐ |
| 4. Capital.com | 10,796 | 4.3 ⭐ |
| 5. City Index | 326 | 4.1 ⭐ |
| 6. CMC Markets | 1993 | 4.1 ⭐ |
| 7. Plus500 | 13,613 | 4.1 ⭐ |
| 8. Libertex | 9,406 | 4.0 ⭐ |
| 9. IG | 6,964 | 3.6 ⭐ |
| 10. Iron FX | 0 | N/A ⭐ |
Brazilian Forex Brokers Ranked by Spread Commission
| Forex Broker | EURUSD | USDJPY | EURGBP | GBPUSD |
|---|---|---|---|---|
| 1. Libertex | 0.1 | 0.3 | 0.3 | 0.4 |
| 2. Fusion Markets | 0.07 | 0.13 | 0.23 | 1.01 |
| 3. Global Prime | 0.13 | 0.28 | 0.28 | 1.11 |
| 4. CMC Markets | 0.5 | 0.7 | 1.1 | 0.9 |
| 5. IG | 0.85 | 0.9 | 0.9 | 1.40 |
| 6. Capital.com | 0.6 | 10 | 2 | 1.3 |
| 7. Iron FX | 0.7 | 0.4 | 0.9 | 0.8 |
| 8. Pepperstone | 1.00 (min) | 1.0 | 1.2 | 1.00 (min) |
| 9. City Index | 1.1 | 1.8 | 1.6 | 2 |
| 10. Plus500 | 1.2 | 1.5 | 1.5 | 1.5 |
Brazilian Forex Brokers Ranked by Commission per Lot
| Forex Broker | Commission per lot |
|---|---|
| 1. City Index | $0 |
| 2. Plus500 | $0 |
| 3. IG | $0 |
| 4. Iron FX | $0 |
| 5. Capital.com | $0 |
| 6. Libertex | $0 |
| 7. Fusion Markets | $0 Classic Account, $4.50 round turn on Zero Account |
| 8. CMC Markets | $2.50 per lot (per side) |
| 9. Global Prime | $0 Standard Accounts; $7 round turn on Raw Accounts |
| 10. Pepperstone | $0 (Standard Account), $7 round-turn (Razor Account) |
Important Note: Although not mandatory, Forex brokers should generally seek authorization from the Securities and Exchange Commission of Brazil (Comissão de Valores Mobiliários) to do business with traders from the country. However, Brazilians can freely engage in forex trading with offshore brokers regulated in other jurisdictions and face no legal prosecution for doing so.
Top 10 FX Brokers in Brazil
Fusion Markets Broker Details Supports Portuguese No Brazil Currency (BRL) Yes Regulators ASIC, FSA (Seychelles), VFSC (Vanuatu) Min Deposit $0 Trading Platforms MetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy Trade Trustpilot Rating 4.9 out of 1,662 reviews Number of Forex Pairs to Trade 90+ Leverage Forex & Metals: 1:30
Index CFDs: 1:5
Cryptocurrencies: 1:2 (ASIC), 1:10 (FSA, VFSC)Spread EURUSD: 0.07
USDJPY: 0.13
EURGBP: 0.23
GBPUSD: 1.01Forex Commission per Lot per Trade $0 Classic Account, $4.50 round turn on Zero Account Deposit Methods Visa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wire Withdrawal Methods Visa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple Key Pros
- Offers some of the lowest spreads
- ASIC clients enjoy a negative balance protection
- Supports popular trading platforms
- Offers two copy trading platforms
- Supports fiat and crypto payment solutions
Key Cons
- Does not offer investor protection
- Traders outside Australia have no negative balance protection
- Cannot set up an account in a minor currency
Global Prime Broker Details Supports Portuguese No Brazil Currency (BRL) Yes Regulators ASIC (No. 385620), VFSC (No. 40256) Min Deposit $0 Trading Platforms MT4 Desktop, MT4 Webtrader, MT4 Android Trustpilot Rating 4.4 out of 142 reviews Number of Forex Pairs to Trade 56 Leverage Forex & Metals: 1:500
Index CFDs: 1:100
Cryptocurrencies: Up to 1:2 (Retail); Up to 1:5 (Pro and VFSC)Spread EURUSD: 0.13
USDJPY: 0.28
EURGBP: 0.28
GBPUSD: 1.11Forex Commission per Lot per Trade $0 Standard Accounts; $7 round turn on Raw Accounts Deposit Methods Visa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, Crypto Withdrawal Methods Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
Key Pros
- Overseen by a top-tier financial regulator (ASIC)
- No fees on deposits and withdrawals
- Low fees for FX trading
- Streamlined sign-up process
- A broad range of currency pairs
Key Cons
- Could use more trading platforms
- A limited range of educational resources
- Does not offer Islamic or cent accounts
Pepperstone Broker Details Supports Portuguese No Brazil Currency (BRL) No Regulators UK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMA Min Deposit $0 Trading Platforms TradingView, MT5, MT4, cTrader Trustpilot Rating 4.7 out of 2,533 reviews Number of Forex Pairs to Trade 90+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.00 (min)
USDJPY: 1.0
EURGBP: 1.2
GBPUSD: 1.00 (min)Forex Commission per Lot per Trade $0 (Standard Account), $7 round-turn (Razor Account) Deposit Methods Visa, Mastercard, PayPal, Bank Transfer Withdrawal Methods Visa, Mastercard, PayPal, Bank Transfer Key Pros
- Winner of multiple industry awards
- Commission-free FX trades via standard accounts
- Over 1,200 instruments across all major asset classes
- Competitive spreads on FX trades via Razor accounts
- Seamless withdrawals within 1 to 3 workdays
Key Cons
- A somewhat limited range of deposit and withdrawal options
- High swap rates on overnight positions
City Index Broker Details Supports Portuguese No Brazil Currency (BRL) No Regulators FCA (No. 446717), CySEC (No. 400/21), MAS, ASIC Min Deposit $0 Trading Platforms MT4, WebTrader, Trading App, TradingView Trustpilot Rating 4.1 out of 326 reviews Number of Forex Pairs to Trade 84 Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.1
USDJPY: 1.8
EURGBP: 1.6
GBPUSD: 2Forex Commission per Lot per Trade $0 Deposit Methods Visa, Visa Electron, Mastercard, Maestro, PayNow, Bank Transfer, Online Banking, PayPal, PayID, BPAY, EFT Withdrawal Methods Mastercard, Visa, Visa Electron, Maestro, PayPal, Bank Transfer Key Pros
- No commissions on spot forex and CFD trades
- Lightning-fast speed of order execution
- Long track record spanning over 40 years
- Over 1 million registered customers
- Excels in delivering quality educational content
Key Cons
- No support for MT5 for the time being
- Higher min. deposit requirements compared to rival brokers
- Stores client funds in top-tier banks like J.P. Morgan
Plus500 Broker Details Supports Portuguese Yes Brazil Currency (BRL) No Regulators FSA (No.4.1-1/18), FCA (No. FRN 509909), CySEC (No.250/14), FMA (No.47546), SFSA (No. SD039), MAS (No. CMS100648), DFSA (No. F005651), ASIC (No. 417727) Min Deposit $100 Trading Platforms Proprietary desktop and mobile platforms Trustpilot Rating 4.1 out of 13,613 reviews Number of Forex Pairs to Trade 60+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 1.2
USDJPY: 1.5
EURGBP: 1.5
GBPUSD: 1.5Forex Commission per Lot per Trade $0 Deposit Methods Mastercard, Visa, Skrill, PayPal, Bank Transfer, Apple Pay, BPAY Withdrawal Methods PayPal, Bank Transfer, Visa, Mastercard, Skrill Key Pros
- Trades publicly on the London Stock Exchange
- Commission-free FX trading with tight spreads
- Great selection of analytical tools and educational materials
- Easy and quick account opening
- Provides real-time FX quotes
Key Cons
- Charges administrative fees on inactive accounts
- The platform could use more customization features
IG Broker Details Supports Portuguese Yes Brazil Currency (BRL) No Regulators ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda) Min Deposit $50 Trading Platforms MT4, L2 Dealer, ProRealTime, IG proprietary software Trustpilot Rating 3.6 out of 6,964 reviews Number of Forex Pairs to Trade 80+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.85
USDJPY: 0.9
EURGBP: 0.9
GBPUSD: 1.40Forex Commission per Lot per Trade $0 Deposit Methods Visa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPal Withdrawal Methods Visa, Visa Electron, Mastercard, Discover, Bank Transfer Key Pros
- Towering selection of over 17,000 tradable markets
- Listed on the FTSE 250 index
- Competitive pricing and low forex spreads
- No fees on deposits or withdrawals
- Demo accounts for risk-free forex trading practice
Key Cons
- Payment options are a bit limited
- Customer support is slow to respond during busy hours
CMC Markets Broker Details Supports Portuguese No Brazil Currency (BRL) No Regulators ASIC, MAS, FCA, BaFin, IIROC Min Deposit $0 Trading Platforms CMC Markets’ Next Generation, MetaTrader 4 Trustpilot Rating 4.1 out of 1993 reviews Number of Forex Pairs to Trade 330+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.5
USDJPY: 0.7
EURGBP: 1.1
GBPUSD: 0.9Forex Commission per Lot per Trade $2.50 per lot (per side) Deposit Methods Visa, Mastercard, Maestro, Online Banking, Bank Transfer Withdrawal Methods Visa, Mastercard, PayPal, Bank Transfer Key Pros
- Publicly traded reputable brand
- One of the first online forex brokers
- Covers an extensive selection of currency pairs
- Offers proprietary trading platform
- Enables smooth mobile trading
Key Cons
- Automated trading available only on MetaTrader4
- Fees on stock CFDs can be high
- Supports a limited number of payment methods
Iron FX Broker Details Supports Portuguese Yes Brazil Currency (BRL) No Regulators FCA (licensing no. 585561), FSCA (licensing no. 45276) Min Deposit $100 Trading Platforms MetaTrader 4, WebTrader, VPS, PMAM, TradeCopier, Mobile App Trustpilot Rating N/A out of N/A reviews Number of Forex Pairs to Trade 80+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.7
USDJPY: 0.4
EURGBP: 0.9
GBPUSD: 0.8Forex Commission per Lot per Trade $0 Deposit Methods Visa, MAstercard, Bank Wire, Skrill, Neteller, China Union Pay, Fasapay, Perfect Money, Bitwallet, Paysafecard Withdrawal Methods Bank Wire Key Pros
- Offers a wide selection of trading instruments
- Supports several popular trading platforms
- Enables easy trading on the go via dedicated app
- Supports various deposit methods
- Traders can choose from 7 different account types
Key Cons
- Bahamas entity operates with no license
- Trustpilot score not available due to many fake review detected
- Withdrawals are possible only via bank wire
Capital.com Broker Details Supports Portuguese No Brazil Currency (BRL) No Regulators ASIC, FCA, CySEC, SCB, MiFID Min Deposit $20 Trading Platforms MetaTrader 4, TradingView Trustpilot Rating 4.3 out of 10,796 reviews Number of Forex Pairs to Trade 125+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.6
USDJPY: 10
EURGBP: 2
GBPUSD: 1.3Forex Commission per Lot per Trade $0 Deposit Methods Bank transfers, VISA, MasterCard, Maestro, Apple Pay, PayPal, Neteller, Skrill, Sofort, Przelewy, TrueLayer, iDEAL, Trustly, SPEI Withdrawal Methods Bank transfers, bank cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly Key Pros
- Trusted by 580K+ traders across the globe
- Trading guides for beginner, intermediate, and advanced traders
- Mobile apps for Android and iOS devices
- Low FX fees built into the spread
- Negative balance protection
Key Cons
- There is an inactivity fee after 1 year
- No two-step login
- No price alerts on the web platform
Libertex Broker Details Supports Portuguese Yes Brazil Currency (BRL) No Regulators CySEC (CIF Licence number 164/12), BaFin (BaFin ID: 10161686 / Bak No.: 161686) Min Deposit $10 Trading Platforms Libretex Trading Platform, MT4, MT5 Trustpilot Rating 4.0 out of 9,406 reviews Number of Forex Pairs to Trade 50+ Leverage Forex & Metals: 1:30
Index CFDs: 1:20
Cryptocurrencies: 1:2Spread EURUSD: 0.1
USDJPY: 0.3
EURGBP: 0.3
GBPUSD: 0.4Forex Commission per Lot per Trade $0 Deposit Methods PayPal, Visa, Mastercard, Sofort, iDeal, Trustly, Skrill, Giropay, Sepa International Bank Wire, Multibanco, P24, BLIK, eService, Neteller Withdrawal Methods SEPA International Bank Wire, PayPal, Visa Mastercard, Skrill, Neteller Key Pros
- Great variety in terms of markets
- Users have a range of deposit and cashout solutions to pick from
- Available in English, Spanish, French, Portuguese, and other languages
- Negative balance protection
- Traders can contact the customer support staff via live chat
Key Cons
- No longer available for UK traders
- Does not accept traders from the US
- Somewhat lacking in terms of educational resources
Is Forex Trading Legal in Brazil?
The Brazilian government eased its stance on forex trading in 2005, making it legal and accessible for residents throughout the country. Companies looking to provide such services are recommended to obtain local licenses as required by CMN Resolution No. 4970. Entities interested in doing so must meet minimum capital requirements of €245,000 (around BRL 1.35 million) and prove they have derived these funds from legitimate sources.
Eligible applicants must additionally provide detailed business plans outlining their future goals and financial prospects. Brazilian regulatory authorities will also request information about the directors and key management personnel of prospective licensees. These employees must possess professional knowledge about the foreign exchange sector in particular and the financial industry in general. The directors of the companies must either have Brazilian residency or obtain special work permits in the country.
The requirements are obviously rather stringent, so it is anything but surprising few international brokers have sought authorization from the local authorities. Furthermore, Brazil has a somewhat tougher stance on retail forex and derivative trading compared to other regions. The country prohibits offering forex contracts for difference (CFDs) to local retail traders.
As a result of these restrictions, many residents resort to offshore brokers based in countries with more lenient regulatory frameworks. While this gives them access to a broader range of tradable assets, it also carries some risk, particularly if a broker lacks adequate enough oversight.
Forex Trading Regulators in Brazil
The Banco Central do Brasil (Central Bank of Brazil) is an autonomous entity that oversees physical foreign exchange transactions in the local currency, the Brazilian real (BRL). It maintains detailed records of all foreign exchange transactions carried out by authorized institutions in the local market. Promoting the stability of the real is another priority of the BCB. The watchdog additionally oversees the operations of settlement and clearing systems for derivatives, forex, and securities in the country. It develops Brazil’s monetary policies and functions independently from the local government.
The BCB shares its regulatory responsibilities with the Comissão de Valores Mobiliários (Securities and Exchange Commission). Created in 1976, this body is responsible for the regulation of the capital markets in the country. It promotes market development and works to ensure the efficient operations of the over-the-counter and stock markets. The CVM safeguards the interests of local investors and closely monitors the activities of all participants in the securities market. It has the remit to levy sanctions against non-compliant companies.
How to Identify Forex Brokers Authorized in Brazil
Verifying the regulatory status of forex brokers is essential as it results in higher levels of confidence, trust, and security for Brazilian traders. The process is relatively straightforward as the Securities and Exchange Commission (CVM) keeps an official register of all authorized market participants in the country. The alternative is to contact the regulator directly to confirm whether your chosen broker is locally authorized.
Most international brokers accepting customers from Brazil are licensed by foreign watchdogs hailing from offshore jurisdictions like the Seychelles, Belize, Vanuatu, Mauritius, and the Bahamas. Offshore licenses enable brokers to circumvent the restrictions on leverage, advertising, and certain derivative products, and asset classes. Brazilian traders can look up the public registers of these offshore regulatory bodies to ensure their broker is indeed licensed in the respective country.
Security at Brazilian Forex Brokers
The best forex brokers conducting business with Brazilian customers uphold high standards of security, transparency, and consumer protection. Such companies protect traders and their transactions with advanced encryptions to prevent cyber criminals from intercepting any sensitive information during transmission.
Brazilian traders doing business with offshore brokers should confirm the firms in question store client funds separately from their operational capital. The practice ensures traders get their money and assets back if a broker experiences financial issues or files for insolvency. Client fund segregation is beyond important, especially when dealing with offshore brokerages that do not participate in investor compensation schemes. Segregated accounts are held at reputable banks and financial institutions.
Reliable offshore brokers usually keep their customers informed about the high risk of trading with derivatives like contracts for difference. They provide extensive educational content about complex financial instruments so that retail traders get a better grasp of how they work. Risk disclosures are readily available on the websites of all trusted brokers catering to Brazilian traders. The broking firms regularly undergo external audits and submit monthly or quarterly financial reports to their regulators.
Negative Balance Protection at Brazilian Forex Brokers
A reliable broker always acts in the best interests of its clients, especially if they have access to margin trading and leverage. All brokerages that made it on our toplist provide Brazilian traders with negative balance protection, preventing their accounts from slipping into the red zone. With this safeguard in place, traders can feel confident they will never end up indebted to their brokers.
Negative balance protection ensures retail customers can never lose more money than what they have deposited in their balance. Reputable CFD brokers normally require customers to deposit a certain amount, known as maintenance margin, before allowing them to open any leveraged positions. They will automatically liquidate all losing positions at market prices when a client’s margin decreases to a given threshold, preventing their losses from mounting further.
Taxes on Forex Trading Profits in Brazil
Permanent residents of the country are liable for federal income taxes. Brazil’s tax structure is a bit complicated as the rates are progressive and tax brackets change annually. According to the latest provisional measure published by the local government, income tax rates range from 7.5% to 27.5%. A monthly income of up to 2,259.20 BRL is exempt from taxation.
Brazilian traders who find it difficult to navigate the murky tax landscape of their country should seek assistance from experienced tax advisors to avoid getting into legal trouble. We recommend you keep detailed records of all your investments and trading activities, just to be safe in case local tax authorities request this information when you report your income.
Leverage Caps at Brazilian and Offshore Brokers
The top-rated brokers on our list enable retail customers from Brazil to invest in multiple asset classes, including cryptocurrencies, exchange-traded funds, commodities, and stocks. Contracts for difference (CFDs) are also readily available to clients from this territory but with some restrictions. Some international brokers disable forex CFDs for Brazilian traders to comply with local regulatory requirements. In certain cases, residents of the country are restricted from copying currency-related positions at offshore brokers offering copy trading services.
As for the maximum leverage Brazilians can benefit from, it largely depends on individual broker policies and regulations. The ceiling on leverage offered by most offshore brokers commonly reaches 1:500 or 1:1,000, but this is not to say customers should necessarily take on such substantial risk. We advise you to use leverage more conservatively, as it can considerably magnify both your profits and losses.
How to Qualify for Professional Trading Account in Brazil
There are no clear-cut local regulatory requirements pertaining to opening professional trading accounts in Brazil. With this in mind, most offshore brokers welcoming customers from the South American country require them to satisfy several common conditions to switch from retail to professional status. Having a large enough investment portfolio is the most essential prerequisite. “Large enough” typically relates to a six-figure amount in this context.
Conducting several large-volume transactions per quarter is also necessary and so is having sufficient professional experience in the financial industry. Most brokers insist on at least one year of employment at a professional position but the exact requirements vary depending on the company’s regulatory jurisdiction.
The bottom line is applicants must possess enough experience and expertise for a broker to classify them as professional traders. A professional client must be able to make informed investment decisions on their own while being fully aware of the risk involved in derivative trading. Professional accounts typically have no access to negative balance protection, a vital aspect to consider before sending your application.
Forex Trading Platforms in Brazil
We personally tested the trading platforms our recommended brokers work with and can confirm they all deliver a solid trading experience where order execution, usability, and features are concerned. Most brokers doing business with Brazilian customers support popular third-party software like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), although cTrader is also available on occasion.
Out of the three, MT4 is perhaps the most suitable option for beginner traders, giving them instant access to forex and other financial markets via an intuitive, easy-to-use interface. The platform supports automated trading with expert advisors and internal charting, among other useful features. Dozens of technical indicators are pre-built into MT4, although more skilled traders can create custom indicators as well.
MT5 is the more advanced counterpart of its predecessor. It comes with enhanced back-testing capabilities, more order types, indicators, timeframes, and graphical objects. It also gives you access to depth-of-market information. MetaTrader 5 was mostly intended for non-forex traders, which is something to keep in mind if you plan on exclusively trading forex.
Choosing the cTrader platform is perhaps the best course of action for Brazilians looking to engage in copy trading. Created by Spotware, cTrader gives you instant and easy access to the portfolios of hundreds of successful strategy providers. Just keep in mind replicating the positions of most strategy providers involves copy-trading commissions.
Brazilian traders can do their own research by checking the links we provide below. There they can find additional information on forex trading regulations, along with all forex brokers approved by their local financial regulator, the Comissão de Valores Mobiliários (Securities and Exchange Commission).
- The SEC provides a list of all participants in the Brazilian securities market on its official website. Local traders can browse the list to check whether it features their chosen brokerages.
- Contact the SEC over the telephone or by visiting the regulator’s headquarters in Rio de Janeiro or its regional offices in São Paulo and Brasilia. Local traders can use these contact details to lodge complaints and report fraud or financial wrongdoing.
- Follow SEC on social media platforms like X, Facebook, Instagram, and LinkedIn to stay abreast of its latest announcements and regulatory decisions.
- Banco de Brasil shares regulatory responsibilities with the SEC and oversees physical foreign exchange transactions in the domestic currency (BRL).