Best Forex Proprietary Trading Companies in Brazil

Top 5 prop trading accounts for Brazilians

Topstep Forex

Topstep Review

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As a broker, Topstep has always had an outstanding reputation, fantastic trader support, and very generous payouts. As a result of their current promotion, they're one of the best bargains in the industry for forex trading.

You keep 100% of your first $5,000-$10,000 profit when you first get started (depending on which account you choose). In addition to that, you get 90% of your profits going forward, which is the industry's highest payout ratio.

Furthermore, Topstep has streamlined its two-step evaluation process, known as Trader Combine. The minimum trading requirement in Step 2 has been eliminated, so both steps can be completed in less than two weeks.

To pass the Trader Combine, Topstep gives traders unlimited time to hit their profit targets. No matter how long it takes, just make sure you don't reach your loss limit or trailing maximum drawdown. While you're in the Trader Combine, you'll be charged a monthly fee, but once you're confirmed as a funded trader, those fees will disappear.

Fidelcrest

Fidelcrest Review

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With more than 6,000 traders worldwide, Fidelcrest has a strong reputation. The company offers performance coaching, million dollar account sizes, and up to a 90% profit split. During a limited time, Fidelcrest is also offering three bonuses, including a second chance challenge, fast track qualification, and double assets.

With Fidelcrest, you can trade real capital, with the industry’s highest profit split. Fidelcrest will invest real money after your two phases of evaluation.

In terms of tradeable assets, Fidelcrest also stands out. In addition to forex, you can also trade, commodities, indices, and stock shares.

Fidelcrest is one of the prop firms that pays you a commission during the evaluation process. You can receive up to 50% of your earnings after you pass the second evaluation stage. As a funded Findelcrest trader, you’ll make an additional 80-90%.

The number of account options Fidelcrest offers is unmatched by any other company. There is an account that will meet your needs regardless of your risk tolerance, trading strategy, level of experience, or budget. There are three types of accounts: Pro Accounts, Aggressive Accounts, and Micro Accounts. You can open an account with funding of $10,000, all the way up to an account worth $1 million.

SurgeTrader

SurgeTrader Review

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SurgeTrader offers 75% profit splits to funded traders who meet their trading criteria. It's a perfect prop firm to diversify your investment portfolio with a variety of tradable assets.

SurgeTrader has a one-step evaluation process, unlike many other prop trading firms. Traders of all skill levels can choose from six packages. With its Starter Package, you get $25,000 in instant funding and a 10% profit target. There’s a maximum trailing drawdown of 5% allowed. The Starter Package is ideal for beginners who prefer using less aggressive trading strategies.

With a $1 million funding size and 75% profit split, the Master Package is the highest-tier account. A 10% target is set, along with a four-percent daily loss limit and a five-percent maximum drawdown allowance. If you have a lot of confidence in your abilities, this package may be for you.

Additionally, this prop firm offers a wide variety of tradable securities, including cryptocurrencies and gold, as well as popular stock indices. It’s possible to trade with up to 10:1 leverage.

A top proprietary trading firm, SurgeTrader requires all of its clients to undergo evaluation. You need to pass a one-step evaluation with SurgeTrader. It’s not necessary to earn over 10% of your account balance in order to pass the audition.

Audition fees range from $200 to $6,500 per account. There’s no limit to how many times you can take the audition. You can use credit/debit cards and PayPal to make payments and withdrawals.

The 5%ers

The5ers Review

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Proprietary trading firm The 5%ers offers great trader support, instant funding, and quick account scaling.

The 5%ers pay out on time and accurately, and also provide trader education resources. The 5%ers give you immediate access to real capital.

As a prop trading firm, The 5%ers has one of the most effective evaluation processes in the business. Even though they offer instant funding upon qualification, The 5%ers still have an evaluation stage, called Level 1. But during your evaluation, you can still earn real profits and trade real money.

Real money is immediately available for trading. Depending on the account size you choose, you can have an account funded with up to $20,000. If you achieve your profit goals within 180 days, you split the profits and become a fully funded trader. When you become a fully funded trader, your initial balance will be multiplied by four times.

Although the 5%ers offer generous funding, they don't make it difficult for traders to achieve profit objectives.

A 6% profit is all you need to move on from Low Risk accounts. The best part is that there is no minimum trading day requirement. A profit of 6% on your first day will qualify you for full funding.

In theory, you could start trading with up to $80,000 just a few days after opening an account.

While The 5%ers offer only forex trading, they aren't too restrictive when it comes to trading strategies. Positions can be held overnight and over the weekend.

Aside from offering a great scaling program, The 5%ers also offer a great mentoring program. The company will double your capital every time you reach a 10% profit goal, up to $2.56 million.

A majority of online reviews mention The 5%ers' trader assistance, community, and customer service as advantages. It has only taken The 5%ers a short time to build a community of loyal traders who appreciate their overall support.

Furthermore, funded traders can withdraw profits at any time, as often as they like, and as much or as little as they like.

FTMO

FTMO Review

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In addition to offering the best profit splits in the business, FTMO lets you trade almost all financial instruments. Probably the largest prop trading firm in the world, they have more than 10,000 traders worldwide.

There is a good reason why FTMO has a great reputation. Their payments are always on time and they don't make accounting errors.

The industry's highest rate of profit splitting is 90%, which is based on a sliding scale that begins at 80%.

As well as offering great scaling opportunities, they are also very affordable. The FTMO Challenge, one of the two stages of the evaluation process, allows traders to access up to $400,000. The FTMO will incrementally raise your funding to a maximum of $2 million if you generate a 10% net profit over a certain period of time. Funding their traders accordingly is a key factor for FTMO since they recognize that it takes money to make money.

Trading at FTMO is also possible in almost every financial market you can think of. You can trade forex, futures, metals, and equities if you've mastered a particular market. In contrast to many prop trading firms that are only focused on very specific markets, FTMO allows you to trade anything you like.

Along with excellent trading platforms, they also offer excellent educational resources. This is due in large part to their investment in new trade tracking technology. You can track your trading performance and receive real-time feedback using FTMO's apps.

FTMO employs trained psychologists as part of their commitment to helping their traders. Even though psychological aspects of trading are widely recognized as being important factors in trading success, FTMO is one of the few prop firms that offer such support.

The parameters of the evaluation are pretty standard, but they’ve made some concessions recently to make things easier. The maximum allowable losses on a $10,000 account are $1,000, and your profit targets are 10% over 10 trading days for Step 1, but they've cut the Step 2 profit target to 5%, which eliminates much of the trading pressure.

FTMO is one of the most affordable reputable prop firms. For a $10,000 funded account, prices start at just €155. In the event you pass the two-step evaluation process, this one-time fee will be fully refunded.

Are international prop trading firms legit in Brazil?

Yes, international prop trading firms are legit and exist as real companies in Brazil. Brazilian-based traders are advised to register with a firm licensed locally. However, there is no requirement for international forex prop firms to hold local licenses from the Securities and Exchange Commission of Brazil to accept residents of Brazil as customers.

How to withdraw money from a prop trading account?

How to choose a prop trading account in Brazil?

Going with a prop firm that is right for your trading style and financial goals is crucial. Although choosing the best one seems like a non-trivial process, you can easily accomplish this by following the TU expert's guide to choosing a prop firm.

Understand your needs

Why are you joining a prop firm? Do you need more funds? Do you want to learn to trade under strict risk controls? Is the evaluation period suitable for you or is it too long? Will you have a place to grow or will you be limited to the same 100k account? All these questions need to be answered if you wish to find your perfect prop firm.

Reputation

There is no regulation in the retail prop trading industry. That is why a company's reputation is paramount. Was it around for a few years? Was it founded by someone you know from the trading community? Do you like how their representatives interact with the community? Many traders rely on TrustPilot ratings nowadays, but those can be (and in some cases are) manipulated.

What do you trade?

Does the prop firm have currency pairs you need? Do they have CFDs you want to trade? If you specialise in some exotic currency pair or other trading instrument, it is best to make sure that you can trade it on a chosen website.

Profit split

Are you OK with 50/50 or do you think that 80/20 is fairer? The issue of a profit split is deeply interconnected with the fee structure, so sometimes you need to balance out what you pay in fees with what you pay in profit splits.

Fees

You don't want to overpay, especially if you aren't getting back any substantial improvements. When considering prop firms that work based on monthly fees, consider whether your profit will exceed the monthly fees. Watch for fee reimbursement options when dealing with a profit-split company.

Trading platform

Most retail prop firms offer MT4, but there are other platforms available, especially when trading futures. If you need some special platform, it is best to make sure that the prop firm can offer it. If they offer some exotic platform only, make sure it has the features you need. For example, if you often have to trade or perform analysis from a mobile phone, it should offer some sort of mobile app.

Training and coaches

Even if you are a profitable trader, chances are you can benefit from some kind of training and learning new material. This is where courses come handy. And those proprietary trading companies that are interested in making their traders more profitable offer rather good courses. Moreover, some of them offer coaching too and not only for trading, but also for psychological support, which is often an overlooked factor in a trader's path to success.

Support is important too!

You will run into technical and financial issues when working with a prop firm. If the website can offer timely and professional support, it can be of huge help to avoid extra stress and keep yourself focused on actual trading rather than on accompanying problems.

Watch out for discounts on challenge fees!

Some prop firms run promotions and offer discounts for subscribing to their newsletters and similar stuff. You can benefit from such setups, especially if you are new to prop trading, and spending your hard-earned money on something you don't yet believe will suit you is a difficult choice.

Is prop trading in Brazil free?

Some prop firms offer free trading accounts to traders, but there might be better choices. Typically, reputable firms require their traders to pay a small fee of 749.16 Brazilian Real. If you choose the right company to work with, funded trading programs can be very dependable. It is strongly advised to conduct extensive research and due diligence before choosing any company.

Methodology for compiling our ratings of prop firms

Traders Union applies a rigorous methodology to evaluate prop companies using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include: