Forex trading from Brazil: the real costs in reais, the CVM rules, and what TNFX is
Brazilians ask two things before anything else: how much it really costs to start, and whether trading forex through a foreign broker is permitted or prohibited. This page prices a first account in reais, sets out what the CVM authorises and what the tax law says, and lists the routes that actually move money — PIX is not one of them. The Portuguese version answers the same questions in Portuguese.
Both platforms
Live chart, on the phone you already have
FSA-licensed broker · Licence SD133
What it really costs to start, in reais
At about R$ 5.22 to the dollar, the $100 minimum first deposit on a Standard, Cent or Turbo account is roughly R$ 520; the Zero account's $500 is about R$ 2,600. The margin for one standard lot of EUR/USD ($113,370 of exposure) is $1,134 at 1:100 and $227 at 1:500 — about R$ 5,900 and R$ 1,185. A micro lot at 1:500 needs about $2.30, so a R$ 520 account can trade small positions properly; card and wallet deposits from $5–10 are accepted but are for learning the platform.
| Account | First deposit | Max leverage | In reais (≈ R$ 5.22/$) |
|---|---|---|---|
| Standard | $100 | 1:500 | ≈ R$ 520 |
| Cent | $100 | 1:500 | ≈ R$ 520 |
| Turbo | $100 | up to 1:3000, dynamic | ≈ R$ 520 |
| Zero | $500 | 1:500 | ≈ R$ 2,600 |
| VIP | $100,000 | 1:100 | ≈ R$ 522,000 |
Permitted or prohibited? What the CVM actually says
The CVM does not authorise foreign forex or CFD brokers to offer their services in Brazil, and it has issued stop orders against brokers that solicited Brazilian residents without authorisation. TNFX is not CVM-authorised and does not claim to be. At the same time, Brazilian law does not forbid a resident from holding an account abroad: the obligations are to declare it (the annual income-tax return and, above the thresholds, the Central Bank's capital-abroad statement) and to pay tax on the income.
Since Law 14.754/2023 took effect in 2024, income from financial investments held abroad by individuals is taxed at 15% on the annual return, declared in the yearly return rather than monthly. Keep statements; your accountant will need them. None of this is advice — it is the frame you should check before you fund.
Deposits and withdrawals from Brazil
There is no PIX, boleto or Brazilian bank-transfer route at TNFX. Six routes work from outside Iraq and Syria, none of them local: a Visa or Mastercard (from $10), USDT on TRC-20 (from $10), the Ovadot wallet (from $5), Payeer and Ptop (from $10), and an international bank wire (from $100, one to three business days). Withdrawals use the same routes with a $50 minimum; USDT and wallet payouts are usually processed within hours, wires in one to three days.
In practice Brazilian clients buy USDT on a local exchange and send it on TRC-20, or use an international card; a wire from a Brazilian bank is possible but carries the bank's IOF and exchange costs.
Hours in Brasília time, platforms and support
Our server runs on UTC+3, six hours ahead of Brasília. The forex week opens at 18:00 Sunday Brasília time and closes at 17:59 Friday; the daily rollover, when swaps are applied, is 18:00 Brasília time. Support is a live chat on every page, 24 hours a day, six days a week (closed Saturday), in Arabic, Kurdish and English; the Dubai office answers on +971 4 552 6527; email [email protected]. Platforms are MetaTrader 4 and MetaTrader 5 on Windows, macOS, Android and iOS, and a free demo account needs no deposit.
One licence, and what it does not cover
TNFX Ltd holds one financial licence: Securities Dealer licence SD133 from the Financial Services Authority of Seychelles, issued to the company founded in 2019 with its registered office at CT House, Office 9A, Providence, Mahé. You can check it on the FSA's own register. It holds no other financial licence anywhere. There is no Brazilian authorisation behind it and no Brazilian investor protection around it.
Check before you deposit from Brazil
The five facts to verify before sending money — every row is checkable, and the licence row links to the regulator's own register.
| Licence | TNFX Ltd — Securities Dealer licence SD133, Financial Services Authority of Seychelles. Verify on the FSA register. TNFX holds no licence from any authority in Brazil. |
| Deposit from Brazil | card (Visa/Mastercard) · USDT (TRC-20) · Ovadot wallet · Payeer · Ptop · international bank wire (from $100) |
| Minimum first deposit | $100 on Standard, Cent and Turbo (≈ R$ 520 at the mid-October 2026 rate, check your bank); $500 on Zero. Card and wallet deposits from $5–10. |
| Withdrawal | Same routes. Minimum $50. USDT and wallet payouts usually within hours; bank wire 1–3 business days. |
| Talk to a person | Live chat on this page, 24 hours a day, six days a week (closed Saturday) · Dubai office +971 4 552 6527 · [email protected] |
Common questions
Is forex trading legal in Brazil?
Holding and trading an account abroad is not prohibited for a Brazilian resident, but the CVM does not authorise foreign forex brokers to operate in Brazil and TNFX is not CVM-authorised. The obligations are declaration and tax.
How is forex income from abroad taxed in Brazil?
Since 2024 (Law 14.754/2023) income from financial investments abroad is taxed at 15% on the annual return and declared in the yearly income-tax return. Ask an accountant for your case.
Can I deposit with PIX?
No. The routes from Brazil are card, USDT (TRC-20), the Ovadot wallet, Payeer, Ptop and international bank wire.
What is the minimum deposit from Brazil?
$100 (about R$ 520) on Standard, Cent and Turbo; $500 on Zero.
Is TNFX regulated by the CVM?
No. Its only licence is FSA Seychelles SD133.
Is there a demo account?
Yes, free and without a deposit, on MT4 and MT5.