Brazilians are starting to trade binary options. Trading for a person in Brazil is different than a trader in Europe.
The government regulator of brokers in Brazil is the Comissão de Valores Mobiliários. We have not yet found a binary options broker that is regulated in Brazil.
The reason Brazilians have difficulty finding a good binary options broker, is because of the banking rules in Brazil. There are no binary options brokers that are actually located in Brazil, so opening a trading account with a broker is similar to making an international purchase. Most credit cards in Brazil have international transactions blocked as a safeguard for fraud.
Very few binary option brokers accept the popular Brazilian payment processor Boleto.
BullBinary is a CySEC licensed and regulated broker that accepts Boleto and AstroPay, making them the most popular broker in Brasil, see here.
Finpari is a broker that accepts Paypal, AliPay, Yandex Money, OKpay, and more see here.
The main difference between binary option brokers is the platform that they use. Most brokers have a minimum deposit requirement of $250 to open a trading account.
The largest government regulator of binary option brokers in the world is the CySEC from Cyprus. What does CySEC regulation of a binary option broker mean to someone in Brazil?
It depends on what you are looking for. If you are comparing two binary option brokers, then the CySEC regulated one is more established than the one with no government license. CySEC is the regulator for Cyprus, and as a member of the European Union their license is accepted in all EU member states. In Europe, a binary options broker is not considered a casino, but rather a real financial organization like a Forex dealer or stock broker.