Best Prop Firms for Traders in Brazil, Checked Firm by Firm

Key takeaways

We checked 20 prop firms on October 6, 2026 for traders in Brazil and ranked 15 forex, futures and crypto products by cost per $1,000 of loss room at $50K.

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We checked 20 prop firms on October 6, 2026 for traders in Brazil and ranked 15 forex, futures and crypto products by cost per $1,000 of loss room at $50K. Topstep is cheapest at $47.50 ($95 a month, about R$496), then E8 Markets E8 Pro 10% at $49.80 with reais paid through WorkMarket, FundingPips 2 Step Flex at $49.83 (fee-only), whose bank and card payouts list Brazil, Alpha Capital Group Alpha Pro 10% at $53.40, the firm that names Brazil, and FundedNext Stellar Lite at $57.50 (fee-only), which takes Pix and Boleto. Only AquaFunded limits Brazil (Instant Funding only, $50K max); Apex Trader Funding and Take Profit Trader are checked but not ranked, FundedFast stopped selling on September 29, 2026 and The Funded Trader’s site returns an error. A CVM search on October 6, 2026 found no alert naming any firm; Bybit and Binance Futures, named among Tradeify 247’s liquidity sources, carry CVM stop orders. A card payment abroad carries 3.5% IOF. The domestic contrast, Atom’s B3 desk, costs R$950 for R$3,500 of room (R$271.43 per R$1,000) and settled a CVM proceeding in 2024. Figures in reais use the October 2, 2026 ECB cross of 1 USD = R$5.2214.

Checked: October 6, 2026 for firm pages, the CVM search, the IOF decree and the Receita Federal pages. Firms change prices, codes and country lists without notice, so confirm on the firm’s own page before paying. Each Trustpilot figure shows its own read date.

Quick answer and the top five prop firms in Brazil

Brazil is on almost no prop firm’s restricted list, so the usual country question is easy and the real questions sit elsewhere: whether a product is carved out for Brazil, how you can pay without a card, whether the money can come back in reais, and what the CVM has published. Ranked on what you pay for each $1,000 the account can lose, these five come first:

1. Topstep Trading Combine, No Activation Fee: $47.50 per $1,000. Price $95/month (about R$496); floor $2,000, end-of-day trailing.
2. E8 Markets E8 Pro 10%: $49.80 per $1,000. Price $249 (about R$1,300); floor $5,000, static, both stages.
3. FundingPips 2 Step Flex: $49.83 per $1,000. Price $299 (about R$1,561); floor $6,000, static (12%).
4. Alpha Capital Group Alpha Pro 10%: $53.40 per $1,000. Price $267 (about R$1,394); floor $5,000, static, both stages.
5. FundedNext Stellar Lite: $57.50 per $1,000. Price $229.99 (about R$1,201); floor $4,000, static, both stages.

FundingPips’ and FundedNext’s figures rest on activation fees the firms do not publish either way, and Topstep’s covers one month of a monthly bill. On fully published one-time prices the lowest is E8 Markets, which also has the clearest route to reais among the firms here. If paying by Pix matters more, FundedNext and Atmos Funded name it for Brazil. For the same checks in other markets, see our guides to the best prop firms for traders in Spain, the Philippines, Indonesia, Japan and Singapore.

What a prop firm is for traders in Brazil, and how it differs from a mesa proprietária

A prop firm, in the sense the offshore firms here use the word, sells you an evaluation on a simulated account. You trade to a profit target without touching a daily or overall loss limit; pass, and you trade a funded account that is usually still simulated, and the firm pays you a share of the simulated profit, typically 80% to 90%. A Brazilian mesa proprietária such as Atom also sells an evaluation, in reais and on B3 contracts, but a trader who passes moves to a desk with the firm’s real capital under a service contract. That is also different from a broker, which holds your own money in a real account. For the basics, see what a prop firm is.

• For: your loss is capped at the fee, you can trade a $50,000 account for $95 to $379 (about R$496 to R$1,979), most firms here pay 80% or more of profit, two processors publish a Brazil row in reais, and three firms take Pix.
• Against: most buyers never reach a payout, a broken daily limit ends most accounts at once, the offshore funded accounts are simulated, a card payment adds IOF, most payouts leave in dollars, and several firms keep a mandatory live move.

Every offshore firm ranked here describes its funded accounts as simulated or demo. FTMO says its traders trade with simulated capital only, AquaFunded says its funded accounts are not executed on live markets, and E8 Markets calls every account a demo account. Atom is the exception: “Após a aprovação, você passa a operar com capital real da Atom” (after approval, you trade with Atom’s real capital).

Is prop trading legal in Brazil, and what the CVM publishes about prop firms

We do not give a legal verdict, and we found no CVM page that gives one on offshore simulated evaluations. Brazil has no licence written for prop firms, and none of the offshore firms checked claims a CVM authorisation. What the Comissão de Valores Mobiliários (CVM) does publish is an alert regime. Its alerts page, titled “Ofertas / Atuações irregulares” and updated August 8, 2025, describes two instruments. Deliberações: “Alertam sobre atuação e/ou realização de ofertas sem autorização da Autarquia e determinam imediata suspensão da irregularidade, sob pena de multa diária” (they warn about activity or offers without the regulator’s authorisation and order it suspended at once, under a daily fine). Atos Declaratórios: “Alertam sobre intermediação irregular de valores mobiliários, por parte de pessoas não autorizadas” (they warn about securities intermediation by unauthorised persons). On currencies it adds “Ofertas de investimentos no mercado de moedas FOREX, existente no exterior, mas para o qual não há, no momento, instituição brasileira autorizada” (offers of investments in the FOREX currency market, which exists abroad but for which there is at present no authorised Brazilian institution). A stop order is not a finding of guilt; the CVM says “A emissão de Stop Order (suspensão) é uma medida de natureza cautelar” (issuing a stop order is a precautionary measure).

On October 6, 2026 we searched the CVM’s open-data list of Atos Declaratórios, 914 entries from 2002 to May 12, 2026, and gov.br/cvm for every firm in this guide, its brand, domains, companies, payout processors and named exchanges.

None names any firm in this guide. Two name exchanges that Tradeify 247 lists among its liquidity sources: ByBit Fintech Limited (Ato Declaratório 20.123, September 2, 2022), where the CVM says “A empresa ByBit Fintech Limited não possui autorização da CVM para intermediar valores mobiliários” (ByBit Fintech Limited has no CVM authorisation to intermediate securities), and Binance Futures (17.961, July 2, 2020), where it says “A área técnica detectou indícios de que a empresa Binance Futures, por meio do site www.binance.com, efetua a captação de clientes residentes no Brasil com oferta pública de serviços de intermediação de derivativos” (the technical area found signs that Binance Futures, through www.binance.com, takes on clients resident in Brazil with a public offer of derivatives intermediation services). Its Tradeify 247 section explains what that means for a trader. One entry only looks related: Atmos Capital Gestão de Recursos Ltda., a Brazilian fund manager in CVM decisions, is a different company from Atmos Funded.

The one CVM case on a prop desk we found is Atom’s. In sanction proceeding PAS CVM 19957.002134/2020-46 the CVM’s technical area accused the company then called Atom Traders Publicações S.A. of “suposta atuação como intermediário no mercado de valores mobiliários sem a devida autorização pela CVM” (alleged activity as an intermediary in the securities market without due CVM authorisation). The CVM board rejected a settlement offer on November 14, 2023 and, on October 29, 2024, accepted a termo de compromisso after Atom changed its model to “eliminar o direito de regresso, o “diferencial de corretagem” e a possibilidade de contratação de novo limite” (remove the right of recourse, the “brokerage differential” and the option to buy a new limit), with payments totalling R$3,630,000, in “3 (três) parcelas mensais, iguais e consecutivas” (three equal, consecutive monthly instalments) adjusted by the IPCA inflation index, of which R$1,100,000 falls to Atom. A termo de compromisso is a settlement, not a finding of guilt. Atom’s own pages now say it “não presta serviços de intermediação de operações com valores mobiliários e não está autorizada pela Comissão de Valores Mobiliários a prestar tais serviços” (does not provide securities intermediation services and is not authorised by the CVM to provide them).

Firms’ own positions are claims, not CVM findings. Atmos Funded’s blog says “Yes, prop firm trading is generally legal in Brazil when the program is a genuine simulated evaluation”, and FundedFast’s Brazil page labels Brazil “Allowed”. Neither statement comes from the CVM. For firms that hold a licence somewhere, see our guide to regulated prop firms.

Which prop firms accept traders in Brazil

We read each firm’s own restricted-countries page, terms, help article or checkout for Brazil, in Portuguese where the firm has Portuguese pages. Brazil is rarely named, so the wording around it matters. Five groups come out:

• Brazil named as accepted: Alpha Capital Group lists Brazil in its country guide, and Atom, a Brazilian company, sells only to buyers with a CPF and a Brazilian address.
• Missing from a named list with no “including” wording: Topstep, E8 Markets, FundedNext, Goat Funded Trader, The5ers, Lucid Trading, FTMO, Tradeify, My Funded Futures and Tradeify 247.
• Missing from a list worded “including” or “not limited to”: FundingPips, Atmos Funded and FXIFY. They rank, but their wording leaves room for a country they have not named.
• Open only on some products: AquaFunded allows only Instant Funding up to $50,000. It ranks on the product you can actually buy.
• Not on sale: FundedFast stopped selling new challenges, and The Funded Trader’s site returns an error.

A directory flag is not a pass. One page-one result says every major prop firm accepts Brazilian traders with no country blocks, while AquaFunded’s own page limits Brazil to one product. Our own Brazil availability page lists two positive findings from August 2026, Alpha Capital Group and Tradeify 247; both still hold, and this guide adds the firms it does not cover. Each firm also tests something different, which matters if you are a Brazilian living abroad or a foreigner living in Brazil:

Travel and nationality clauses differ too. Goat Funded Trader’s list turns on where you are and bars Bolivia and Chile, My Funded Futures blocks new purchases and resets while you are in a listed country, and Tradeify and Tradeify 247 say a resident travelling can keep trading. Nationality matters at some firms: Alpha Capital Group bars nationals as well as residents of the countries it lists, Venezuela among them, Topstep and Lucid Trading test citizenship, and FTMO refuses nationals of Iran, Syria, Myanmar and North Korea wherever they live, so a foreign national living in Brazil should read each firm’s test, not just its list.

Paying a prop firm from Brazil with Pix, Boleto or a card

Three firms name Brazilian payment methods. FundedNext lists, under “Brazil: Boleto Bancario”, Pix, Boleto, Elo, Hipercard, Mercado Pago and PicPay, and adds “Please note that the availability of local payment methods may vary by region and is subject to change.” Atmos Funded lists “PIX, Boleto, Loterias, PICPAY (e-wallet) | Brazil”. Atom, as a domestic firm, prices in reais and takes Pix and card on every plan and Boleto on Bronze. Every other firm here takes international cards, wallets such as Apple Pay, PayPal or AstroPay, or crypto, and none names Pix.

A card bought abroad costs more than the sticker. The IOF decree, Decreto 6.306/2007 as amended by Decreto 12.499/2025 and re-read on planalto.gov.br on October 6, 2026, sets the rate on card and cross-border payment arrangements for purchases “decorrentes de aquisição de bens e serviços do exterior efetuada por seus usuários, observado o disposto no inciso VIII: 3,5% (três inteiros e cinco décimos por cento)” (arising from purchases of goods and services from abroad made by their users: 3.5%). On a $95 Topstep month that is about $3.33, or about R$17, before your card issuer’s own exchange margin. FXIFY’s Brazil blog gives a lower figure, “Paying with a Brazilian credit card for foreign purchases incurs a 1.1% credit card IOF tax.” That is the firm’s claim and is out of date against the decree. No official page we read says whether paying by Pix or Boleto to a foreign firm carries IOF, so we do not say it avoids it. FTMO charges in euros, and FundingPips lets you pick a payment currency while the account stays in dollars.

How prop firm payouts reach a Brazilian bank in reais

No offshore firm here names a payout in reais on its own pages. Two payout processors do. E8 Markets and Lucid Trading pay through WorkMarket, whose fee table has a Brazil row for a bank account paid in reais at R$23.75 a transfer plus 2-3% conversion, up to R$150,000 a transfer, and a second row for wires in dollars, euros, pounds or Australian dollars. Most of the rest pay dollars into Rise, whose help page, dated September 3, 2026, lists Brazil for withdrawals in reais; Rise says “The withdrawal fee is $10, and the maximum timeframe is 2 business days”. The conversion is done by the processor, not by the firm. FundingPips names Brazil for a bank transfer to a local account and for a card payout, without a currency, and Atom pays reais monthly.

The rest send dollars or euros and let your bank convert them. Topstep’s only route to Brazil is a $30 international wire, FTMO’s bank wire names no currency, Atmos Funded pays by wire, crypto or a Taurex broker account, Take Profit Trader pays by Wise or PayPal with no Brazil line, and Apex Trader Funding pays through Plane with no currency stated. Fees add up before the conversion: The5ers takes 3.5% of every payout, Goat Funded Trader and AquaFunded 3%, FundedNext up to 3.5%, and Topstep $30 per wire. E8 Markets, FTMO and Tradeify charge no fee of their own. For how each rail works across firms, see prop firms that pay by wire, bank, Rise, Deel or Wise.

A worked example: a $2,000 payout through Rise at a firm with no fee of its own arrives as about R$10,443 at the October 2 rate, less Rise’s $10 and whatever margin Rise builds into the conversion. The same payout at a firm that takes 3% first loses $60 before Rise sees it. Through WorkMarket the same R$10,443 costs R$23.75 plus 2-3% conversion, roughly R$233 to R$337 in all. A $2,000 dollar wire from Topstep costs $30 at the firm, and your Brazilian bank then sets its own rate.

How we checked prop firms for Brazil

1. Read each firm’s own restricted-countries page, terms, help article or checkout for Brazil, product by product, in Portuguese where the firm has Portuguese pages, and note whether the list is called complete and what it tests.
2. Treat a brand’s forex, futures and crypto arms as separate listings, and keep the domestic B3 desk apart from the offshore ranking.
3. Price every $50K variant a Brazil resident can buy at list price, add any activation fee, and show reais at the October 2, 2026 ECB cross; codes go in the firm notes only.
4. Divide by the smallest overall loss limit at any stage, never a daily limit or a per-trade rule, and multiply by 1,000.
5. Search the CVM’s alert lists for each firm, domain, company, processor and named exchange, then note the pay-in methods named for Brazil, the payout routes that reach a Brazilian bank, Portuguese support, live stage terms and Trustpilot.

Prop firms in Brazil ranked by cost per $1,000 of loss room

Lower is better. A $2,000 floor at $95 and a $6,000 floor at $299 both cost under $50 for each $1,000 you are allowed to lose, which is the comparison that matters if you expect to buy more than once.

Notes on this ranking: Cost per $1,000 is the list price of the firm’s cheapest product at $50,000 that a resident of Brazil can buy, plus any activation fee, divided by the smallest overall loss limit at any stage, times 1,000. Daily loss limits and per-trade or per-position rules (Alpha Capital Group’s 2% Max Risk Rule, AquaFunded’s floating-loss policy, Goat Funded Trader’s 2% floating-loss rule) are not used; they are named as watch-outs. Figures in reais convert at the European Central Bank reference cross of October 2, 2026, 1 USD = R$5.2214, rounded to the nearest R$1; your card or bank rate will differ, and a card payment from Brazil adds IOF. FTMO is the only firm here that states its fee in euros, converted at EUR/USD 1.1225. Ties share a rank. ^a Monthly billing: the figure covers one 30-day cycle. A second month at $95 would make it $95.00 per $1,000, behind every product in this table except AquaFunded and Tradeify 247. ^b FundingPips publishes no activation or Master fee either way, so $299 is the evaluation fee alone; a fee above $21.40 would drop it below Alpha Capital Group. Its terms bar residents of jurisdictions “including” those on FATF and sanctions lists; Brazil is an FATF member and on neither FATF list of June 19, 2026. ^c FundedNext does not name an activation fee for Stellar Lite and does not say there is none; a fee above $16.41 would drop it below Goat Funded Trader. ^d The5ers’ High Stakes $50K size table shows an 8% overall loss ($4,000) while its FAQ reading is 10% ($5,000). We rank on the tighter figure; on the FAQ figure it would be $49.80, level with E8 Markets. ^e Atmos Funded shows no activation line on its 2-Step panels while its 1-Step panels state theirs, so $189 is the evaluation fee alone; a fee above $15.00 would drop it below Lucid Trading. ^f FTMO states its fee in euros: €319 x 1.1225 = $358.08. Tradeify is only 1.2% dearer, so a move of that size in the euro would swap them. FTMO’s 2-Step Challenge (€345, about $387.26, static floor, fee refunded with the first reward) works out at $77.45. ^g FXIFY’s Two Phase Standard costs the same $379 for the same $5,000 but trails the closed-balance high, so the static Classic is the one ranked. ^h AquaFunded names Brazil among countries that may trade only its Instant Funding models, up to $50,000 per trader, so its cheaper evaluations are closed to you. It publishes no activation fee for the instant account either way, so $278.67 is the account price alone; a fee above $13.00 would drop it below Tradeify 247. ⁱ Tradeify 247 trades crypto only, on DXtrade; it is ranked on the same measure so you can compare, not as a substitute for a forex or futures account.

Brazil checks for each prop firm, same order

How you can pay from Brazil, how the money comes back to a Brazilian bank and at what cost, what the CVM search found, Portuguese support, and the Trustpilot standing. Same order as the ranking.