Distinguish acceptance of Brazilian residents from authorization to offer services in Brazil. BR appearing in a form does not establish CVM registration. Check its alerts and your contracting entity; do not assume PIX, a BRL account or Portuguese documents from the brand alone.
The best broker depends on your country, platform, product and total cost. We compare verifiable differences to help you choose; an IB commission does not determine a winner.
XM
Standard, Ultra Low and Shares accounts in the global offering. MetaTrader 4 and MetaTrader 5 access depends on account and entity.
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MetaTrader 4 · MetaTrader 5
Account types
Standard, Ultra Low and Shares in the published global offering. Availability depends on country and entity.
Standard and Ultra Low have different spread conditions. Ultra Low swap exemptions cover selected instruments only; check instrument commission, conversion and financing.
Proprietary xStation platform. The LATAM offering separates stocks/ETFs and CFDs; Chile has its own documentation and entity.
Choose your platform
xStation
Account types
LATAM offering with separate stock/ETF and CFD terms on xStation. Check the product and entity in your contract.
The LATAM table separates stocks/ETFs from CFDs. It publishes 0.5% currency conversion; CFDs also involve spreads and financing. Stock/ETF terms include a monthly volume threshold, not an unlimited exemption.
Classic and Raw for MT4/MT5; TradingView Raw for Tickmill Trader and TradingView, subject to eligibility.
Classic has no separate trading commission; Raw combines spread and commission. The international table lists USD 3 per lot per side for MT4/MT5 Raw and USD 3.50 for TradingView Raw. Financing is separate; confirm entity and currency.
Standard and Razor. The reviewed table reserves TradingView for Razor; MT4, MT5, cTrader and Pepperstone's platform appear for both.
Standard includes costs in spreads, except share CFDs and overnight funding. Razor separates spread and commission on FX and XAU/USD; charges depend on instrument, platform and currency.
MetaTrader and Exness's own tools. Compare account pricing and confirm the entity assigned to your residence.
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MetaTrader 4 · MetaTrader 5 · Exness Terminal
Account types
Standard on the standard-account page; Pro, Zero and Raw Spread on the professional-account page. Confirm availability by entity and platform.
Standard and Pro have no trading commission. Zero lists commission from USD 0.05 per lot per side; Raw Spread up to USD 3.50 per lot per side. Advertised spreads are minima, not averages or guaranteed total costs.
The reviewed comparison distinguishes Standard MT4/MT5 and cTrader, with TradingView in the cTrader offering. Available configuration depends on entity.
Standard MT4/MT5 includes costs in spreads. cTrader separates spreads and commission on FX/metals; other instruments have a different structure. Overnight positions incur swaps.
This table reflects our IB program routes. Accepting an application is not local regulatory authorization or a guarantee of account approval. Confirm residence, entity and documents in the broker's form.
Currency, contracting and local reference
Distinguish acceptance of Brazilian residents from authorization to offer services in Brazil. BR appearing in a form does not establish CVM registration. Check its alerts and your contracting entity; do not assume PIX, a BRL account or Portuguese documents from the brand alone.
Currency reference: BRL. Check the actual funding and account currencies; this does not establish that a broker accepts deposits or balances in that currency.
