Is forex and CFD trading legal in Brazil?

There is no licensed domestic retail forex or CFD market, and the CVM warns against offshore brokers. Trading with one is generally not a crime for the individual, but it sits in a grey area with little local protection.

Does the CVM authorise retail forex brokers?

No. The CVM has not created a framework for retail forex and CFDs, so any broker offering them to Brazilians is operating offshore and outside its authorisation.

Can Brazilians claim broker bonuses?

Bonuses are available, but only from offshore brokers, not CVM-authorised firms. There is no local recourse if a bonus or withdrawal dispute arises, so the broker's foreign licence is your only safeguard.

How do I check if a broker is flagged in Brazil?

The CVM publishes investor alerts naming unauthorised firms that solicit Brazilian residents. Check those alert lists on gov.br/cvm before depositing or chasing any offer.

Bonus availability

Broker bonuses in Brazil

87 bonuses we have verified as available to traders in Brazil.

Brazil is a large retail trading market, but the regulatory picture is more cautious than in many open markets. There is no licensed domestic retail forex or CFD industry, and the CVM has issued repeated warnings and stop orders against offshore brokers marketing to Brazilians.

Bonuses available in Brazil

#	Broker	Bonus	Type	Rating
1	XM	100% match up to $100Deposit match	Deposit match	4.3
2	BitMart	Referral commission on invitees' trading feesReferral	Referral	4.2
3	Tickmill	$1,000 monthly cash prizeContest	Contest	4.2
4	CoinEx	70 USDT in fee rebate vouchersSign-up reward	Sign-up reward	4.1
5	Errante	Up to 30% deposit match (credit, non-withdrawable)Deposit match	Deposit match	4.1
6	Fusion Markets	$50 to $250 eachReferral	Referral	4.1
7	M4Markets	50% credit bonus on each depositDeposit match	Deposit match	4.1
8	CoinEx	Trading fee commissionReferral	Referral	4.0
9	OKX	Up to $400 in BTC (first step about $5)Sign-up reward	Sign-up reward	3.9
10	Binance	$100Sign-up reward	Sign-up reward	3.7
11	Grand Capital	No-deposit trading creditNo-deposit	No-deposit	3.7
12	IronFX	100% deposit match (non-withdrawable credit)Deposit match	Deposit match	3.7
13	IronFX	40% deposit credit bonusDeposit match	Deposit match	3.7
14	Windsor Brokers	$50 to $500 cash, first deposit plus lotsSign-up reward	Sign-up reward	3.7
15	Admiral Markets	100% match up to $5,000Deposit match	Deposit match	3.6
16	FxPro	Up to 15% monthly spread/commission rebate (Platinum tier)Volume rebate	Volume rebate	3.6
17	IronFX	20% deposit creditDeposit match	Deposit match	3.6
18	BlackBull Markets	Welcome bonusSign-up reward	Sign-up reward	3.5
19	Crypto.com	About $5 to $15 in CROSign-up reward	Sign-up reward	3.5
20	FXTM	100% match up to $500Deposit match	Deposit match	3.5
21	HFM	100% match up to $50,000Deposit match	Deposit match	3.5
22	Vantage	150% match up to $1,500Deposit match	Deposit match	3.5
23	VT Markets	50% first-deposit creditDeposit match	Deposit match	3.5
24	AMarkets	Cash per referralReferral	Referral	3.4
25	BingX	20% trading fee discount + small staged sign-up vouchersSign-up reward	Sign-up reward	3.4
26	Coinbase	$5Sign-up reward	Sign-up reward	3.4
27	FreshForex	15% of first deposit, up to $500 in real fundsDeposit match	Deposit match	3.4
28	FXOpen	15% match up to $1,000Cashback	Cashback	3.4
29	FXTM	Reward Points, 500 = $1Loyalty program	Loyalty program	3.4
30	Grand Capital	Per-lot cash rebate by trading-streak statusVolume rebate	Volume rebate	3.3
31	Phemex	Two random Mystery Boxes (from 10 and 20 USDT)Sign-up reward	Sign-up reward	3.3
32	Weltrade	100% match up to $500Deposit match	Deposit match	3.3
33	AMarkets	20% deposit matchDeposit match	Deposit match	3.2
34	ForexMart	30% on every depositDeposit match	Deposit match	3.2
35	FxPro	Cash reward per referralReferral	Referral	3.2
36	JustMarkets	120% match up to $40,000Deposit match	Deposit match	3.2
37	KuCoin	USDT and coupons for new usersSign-up reward	Sign-up reward	3.2
38	M4Markets	Per-lot referral rewardReferral	Referral	3.2
39	XM	$30No-deposit	No-deposit	3.2
40	AMarkets	100% deposit matchDeposit match	Deposit match	3.1
41	ForexMart	20% of every depositDeposit match	Deposit match	3.1
42	Octa	50% matchDeposit match	Deposit match	3.1
43	Windsor Brokers	20% on every deposit at the Silver starting tierDeposit match	Deposit match	3.1
44	FreshForex	$50 no-deposit creditNo-deposit	No-deposit	3.0
45	FXTM	$10 to $100 per friend, paid in Reward PointsReferral	Referral	3.0
46	PU Prime	100% credit on first depositDeposit match	Deposit match	3.0
47	AvaTrade	20% match up to $10,000Deposit match	Deposit match	2.9
48	BloFin	Up to 30 USDT in futures bonusSign-up reward	Sign-up reward	2.9
49	FreshForex	300% deposit matchDeposit match	Deposit match	2.9
50	SuperForex	No deposit bonus (up to $50 withdrawable)No-deposit	No-deposit	2.9
51	ThinkMarkets	$15Referral	Referral	2.9
52	WhiteBIT	20% off all trading feesFee discount	Fee discount	2.9
53	BTCC	About 45 USDT in vouchersSign-up reward	Sign-up reward	2.8
54	SuperForex	50% on every depositDeposit match	Deposit match	2.8
55	Eightcap	Up to 50% (tiered)Deposit match	Deposit match	2.7
56	FP Markets	Up to $200Referral	Referral	2.7
57	HTX	Mystery boxes of random crypto plus futures trial creditSign-up reward	Sign-up reward	2.7
58	IC Markets	$1.5/lotVolume rebate	Volume rebate	2.7
59	AMarkets	Per-lot cashbackVolume rebate	Volume rebate	2.6
60	BitMart	13 USDT in vouchers for new usersSign-up reward	Sign-up reward	2.6
61	Bitget	Futures vouchers, not cashSign-up reward	Sign-up reward	2.5
62	Bybit	Up to USDT 100Sign-up reward	Sign-up reward	2.5
63	BYDFi	100 USDT newbie giftSign-up reward	Sign-up reward	2.5
64	Gate.io	Welcome package voucher totalSign-up reward	Sign-up reward	2.5
65	IC Markets	100% match up to $25,000Deposit match	Deposit match	2.5
66	LiteFinance	30% of your deposit as trading creditDeposit match	Deposit match	2.5
67	Pepperstone	20 commission-free trades (about $7 per lot)Fee discount	Fee discount	2.5
68	Grand Capital	40% on every depositDeposit match	Deposit match	2.4
69	InstaForex	30% on every deposit, no capDeposit match	Deposit match	2.3
70	Kraken	$20Referral	Referral	2.3
71	MEXC	USDT 40Sign-up reward	Sign-up reward	2.3
72	Bitunix	2 to 6 USDT futures bonusSign-up reward	Sign-up reward	2.0
73	WEEX	About 20 USDT in non-withdrawable vouchersSign-up reward	Sign-up reward	2.0
74	Apex Trader Funding	Up to 92% off evaluationsEvaluation discount	Evaluation discount	Perk
75	BTCC	25% of referee fees, up to 500 USDT per friendReferral	Referral	Not rated
76	eToro	Up to 3.80% a yearInterest on balance	Interest on balance	Perk
77	Exness	Free VPSFree VPS	Free VPS	Perk
78	FP Markets	Free VPSFree VPS	Free VPS	Perk
79	FundedNext	47% off Flex futures challengesEvaluation discount	Evaluation discount	Perk
80	FundedNext	Up to 50% off Rapid futures challengesEvaluation discount	Evaluation discount	Perk
81	FundedNext	Up to 41% off small Stellar challengesEvaluation discount	Evaluation discount	Perk
82	HFM	Up to 3% a yearInterest on balance	Interest on balance	Perk
83	HFM	Deposit bonus (rate shown in your Client Area)Deposit match	Deposit match	Not rated
84	Take Profit Trader	40% off the TestEvaluation discount	Evaluation discount	Perk
85	Topstep	15% off the first Trading CombineEvaluation discount	Evaluation discount	Perk
86	Topstep	$10 to $30 off each month on the No Activation Fee CombineEvaluation discount	Evaluation discount	Perk
87	Windsor Brokers	0.4% to 2% annual interest in loyalty pointsInterest on balance	Interest on balance	Perk

60 more offers we track are not available to residents here.

Bonuses do exist, but they come from offshore brokers operating in a grey area rather than from CVM-authorised firms. This page is honest about that risk first, then lists the offers we have researched that are reachable from Brazil.

Which bonuses you can claim

There is no authorised domestic retail forex or CFD market in Brazil. The CVM regulates securities and licensed intermediaries, and it has not built a framework for retail CFDs, so brokers offering them to Brazilians are operating offshore and outside CVM authorisation. The commission routinely issues investor alerts naming firms that solicit Brazilian residents without permission, and it has imposed stop orders and settlements in the past.

Trading with an offshore broker is generally not treated as a crime for the individual, but it sits in a grey area with little local recourse. If a bonus dispute or a withdrawal problem arises, the CVM cannot help you against a firm it never authorised. That shifts all of the protection onto the broker's foreign licence and your own checks.

If you do proceed, treat the broker's offshore regulation as the only safety net and read it carefully. Confirm which entity holds your account, check whether the firm appears on a CVM alert list, and test that withdrawals in reais clear before you let any bonus turnover lock up your funds.

Who regulates trading in Brazil

Comissao de Valores Mobiliarios (CVM) gov.br ↗

Brazil's securities and markets regulator. It does not authorise retail forex and CFD brokers and regularly publishes alerts naming unauthorised firms that solicit Brazilian clients.
Banco Central do Brasil (BCB) bcb.gov.br ↗

The central bank oversees foreign exchange and cross-border payment rules, which affect how money in reais moves to and from an overseas broker.

Trading in Brazil

Local currency: BRL

Brazilian interest in forex, indices and crypto CFDs is strong and heavily promoted on social media, which is exactly where the CVM concentrates its warnings about high-return pitches and unlicensed operators. The real is the everyday currency, but most offshore accounts settle in USD, so factor conversion and transfer costs into any offer.

Be more sceptical here than in fully open markets. Big bonuses are often used to draw Brazilian clients toward firms with no local standing. Prioritise a broker with credible offshore regulation and a clean withdrawal record, and confirm it is not on a CVM alert list before the headline number tempts you.

Frequently asked questions

Is forex and CFD trading legal in Brazil?: There is no licensed domestic retail forex or CFD market, and the CVM warns against offshore brokers. Trading with one is generally not a crime for the individual, but it sits in a grey area with little local protection.
Does the CVM authorise retail forex brokers?: No. The CVM has not created a framework for retail forex and CFDs, so any broker offering them to Brazilians is operating offshore and outside its authorisation.
Can Brazilians claim broker bonuses?: Bonuses are available, but only from offshore brokers, not CVM-authorised firms. There is no local recourse if a bonus or withdrawal dispute arises, so the broker's foreign licence is your only safeguard.
How do I check if a broker is flagged in Brazil?: The CVM publishes investor alerts naming unauthorised firms that solicit Brazilian residents. Check those alert lists on gov.br/cvm before depositing or chasing any offer.

Keep exploring

Sources

Researched by the BrokerBonuses editorial team. Last reviewed 2026-06-07. · How we research

Comissao de Valores Mobiliarios (CVM): gov.br ↗
Banco Central do Brasil: bcb.gov.br ↗