CVM Resolution 598/2018 prohibits offering binary options contracts in Brazil. The CVM continues to enforce it.
The regulatory position
Brazil is simultaneously the single largest source of binary options traffic worldwide and a market where the product is prohibited. The CVM classifies binary options as closer to betting than to securities, and on 13 November 2025 it suspended 24 digital platforms offering crypto, forex, derivatives and binary options without authorisation, under threat of daily fines. Separately, B3 is introducing prediction-style derivatives — structured as binary options on the US dollar, the Ibovespa and bitcoin — but access is restricted to professional investors holding more than R$10 million in financial investments.
Funding and withdrawals in BRL
Deposit rails matter more than payout percentages, because they determine whether money can come back out. Card deposits carry a chargeback route with a time limit; bank transfers to an offshore entity generally do not. Local payment methods routed through a third-party processor add a party that is neither your bank nor your broker, and that party is usually the one that disappears first. Confirm the withdrawal method, minimum, fee and stated processing time in writing before funding an account.
Tax treatment
Profits are generally taxable, with Receita Federal the relevant authority. Whether they are assessed as speculative income or as capital gains depends on how the activity is characterised locally, and that characterisation can change the rate materially. This is general information rather than tax advice.
Regulated alternatives
CVM-registered intermediaries and B3-listed derivatives. The B3 launch is the first regulated route to this payoff structure in Brazil.
Why there is no provider recommendation on this page
The product is prohibited in Brazil. We are not going to route residents to a platform their own regulator has acted against, and we do not carry affiliate links on this page.
If you want the regulated equivalent of a short-term directional bet, the alternatives above are the place to start.
Frequently asked questions
Are binary options legal in Brazil?
CVM Resolution 598/2018 prohibits offering binary options contracts in Brazil. The CVM continues to enforce it.
Who regulates this, and what does the licence actually cover?
The Comissão de Valores Mobiliários (CVM). Read any licence claim carefully: a permission covering FX or CFDs is not a permission covering binary options, and groups routinely place the two products in different legal entities.
How do I check a provider before depositing?
Three checks, in this order. Find the licence number and verify it in the CVM register itself. Identify the legal entity named on the client agreement, not the brand on the homepage. Confirm the withdrawal method and its stated processing time in writing before you fund the account.
What is the tax position in Brazil?
Trading profits are generally taxable. Receita Federal is the relevant authority, and treatment depends on whether the activity is assessed as speculative income or capital gains. This is general information, not tax advice — check your own position.
What are the regulated alternatives?
CVM-registered intermediaries and B3-listed derivatives. The B3 launch is the first regulated route to this payoff structure in Brazil.
What happens if the broker refuses to pay out?
With an offshore, unlicensed counterparty: very little. There is no local complaints procedure and no compensation scheme. That asymmetry — not the payout percentage — is the thing to weigh before depositing.
Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing on this page is investment advice or a recommendation to trade.