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All financial intermediaries, including all forex and CFD brokers in Brazil are regulated by the Comissão de Valores Mobiliários (CVM) – the Securities and Exchange Commission of Brazil, and the Central Bank of Brazil, which also monitors and controls all foreign exchange transactions in the country.
CVM specifically is responsible for the regulation of all intermediaries and the other secondary markets, equity, derivatives and non-governmental debt. Within its mandate the Commission is authorized to obtain information on markets, institutions, financial products, customers and parties involved in securities transactions, as well as carry out its own investigations, impose sanctions and suspend trading of securities.
Speaking of payment methods in Brazil we should mention Boleto Bancario, a cash- based payment system, popular especially with customers who do not have a bank account. Other payment methods include credit or debit cards like VISA and MasterCard, which, however, often can not be used for cross-border payments.
With its population of nearly 210 million citizens Brazil is the largest Portuguese speaking country in the world and that is why many international brokers, regulated by reliable financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) offer their services in Portuguese.
Forex news from Brazil
The central bank of Brazil is planning to cut short, for a time being, the implementation of vigorous regulations for the local
The Brazilian police have arrested 10 individuals in connection to a crypro pyramid scam that has defrauded Brazilian investors with over 850