Best Prop Firm for Brazil: Top-Rated Firms & Coupon Codes (2026)
Brazil has a large, active trading community, and one cost that catches first-time funded-account buyers off guard is IOF — a federal tax on foreign exchange transactions that applies on top of whatever a prop firm charges when you pay by card. Below is our ranked best prop firm list for Brazil traders, built from firms with a working checkout and a currently active, verified coupon code pulled live from our database.
Best Prop Firm List for Brazil
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#1
Finotive Funding
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#2
FXIFY
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#3
FunderPro
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#4
iFunds
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#5
Instant Funding
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#6
Alpha Capital Group
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#7
Think Capital
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#8
Blueberry Funded
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#9
HyroTrader
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#10
Funded Trading Plus
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#11
DNA Funded
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#12
Funded Firm
How We Ranked the Best Prop Firms for Brazilian Traders
We checked each firm for a working signup flow, a currently active verified coupon, and a payout process that realistically reaches Brazilian traders. The order below blends fast evaluation models with more established firms that have a longer public payout track record.
Is Prop Firm Trading Legal in Brazil?
Yes. There's no law barring Brazilian residents from buying a funded-account evaluation from an offshore proprietary trading firm. You're paying for account access and a profit-split agreement, not opening a brokerage account regulated by the CVM, so this sits outside CVM's broker-licensing framework. The main extra cost to budget for isn't legal risk — it's tax on the currency conversion itself.
Using Your Prop Firm Coupon Code in Brazil — and the IOF Cost to Budget For
Copy the code with the icon next to it, then click the firm's "Try" button — it opens checkout in a new tab with the referral link attached, which keeps the discount active. Here's the part that trips people up: Brazil's IOF tax on foreign exchange transactions applies to international card payments, and a 2025 government decree raised the rate on card-based FX spending to 3.5%. That's on top of whatever your card issuer charges for the foreign transaction itself, and on top of the firm's own price. Confirm the current rate with Receita Federal or your card issuer before assuming your coupon's full discount is your final cost — the IOF applies regardless of the coupon.
What Brazilian Traders Should Check Before Buying
- IOF on card payments: budget for it as a real extra cost, not a rounding error — it's currently around 3.5% on card-based FX transactions per the May 2025 decree, though rates have changed before and may change again.
- Payout method: most firms pay via international wire or crypto; compare what each actually nets you after conversion and any applicable fees before assuming the headline payout amount is what lands in your account.
- Tax on payouts: funded-account payouts are generally taxable income in Brazil, separate from the IOF you pay on the way in. Keep clean records and talk to a Brazilian accountant about how to declare it.
- Account size vs. experience: start smaller to confirm the full payment-to-payout cycle, IOF included, before buying a bigger account.
Our Take
For Brazilian traders, factor the IOF into your real cost comparison between firms, not just the sticker price after the coupon — a firm with a smaller discount but lower total card-processing friction can end up cheaper than one with a bigger headline coupon. Confirm the current IOF rate before you buy, since it's changed before.
Frequently Asked Questions — Prop Trading in Brazil
What are all the Finotive Funding coupon codes?
Finotive Funding currently has 8 active coupon codes you can use at checkout:
- TERRA — 50% off. Apply at Finotive Funding →
- BEES — 50% off. Apply at Finotive Funding →
- OGUY — 50% off. Apply at Finotive Funding →
- MYPROP — 50% off. Apply at Finotive Funding →
- MYCOUPON — 50% off. Apply at Finotive Funding →
- PROPS — 50% off. Apply at Finotive Funding →
- NEXTPIPS — 50% off. Apply at Finotive Funding →
- PASK — 50% off. Apply at Finotive Funding →
What are all the FXIFY coupon codes?
FXIFY currently has 2 active coupon codes you can use at checkout:
- PFA — 15% off. Apply at FXIFY →
- META01 — 10% off. Apply at FXIFY →
What are all the FunderPro coupon codes?
FunderPro currently has 2 active coupon codes you can use at checkout:
- COUPONTERRA — 30% off. Apply at FunderPro →
- WORLDCUP — 30% off. Apply at FunderPro →
What are all the iFunds coupon codes?
iFunds currently has 10 active coupon codes you can use at checkout:
- PFA — 5% off. Apply at iFunds →
- CT5% — 5% off. Apply at iFunds →
- CT-INTERN — 10% off. Apply at iFunds →
- CT5K — 10% off. Apply at iFunds →
- CT10K — 10% off. Apply at iFunds →
- CT-BONUS — 10% off. Apply at iFunds →
- PASKA — 10% off. Apply at iFunds →
- PASKS — 10% off. Apply at iFunds →
- PASKINTERN — 10% off. Apply at iFunds →
- PASK — 5% off. Apply at iFunds →
What are all the Instant Funding coupon codes?
Instant Funding currently has 11 active coupon codes you can use at checkout:
- PASK — 30% off. Apply at Instant Funding →
- IF30 — 30% off. Apply at Instant Funding →
- CR275 — 28% off. Apply at Instant Funding →
- CT37 — 37% off. Apply at Instant Funding →
- TERRA18 — 18% off. Apply at Instant Funding →
- CTIF — 15% off. Apply at Instant Funding →
- MYCOUPON — 30% off. Apply at Instant Funding →
- MYPROP — 30% off. Apply at Instant Funding →
- OGUY — 30% off. Apply at Instant Funding →
- PIPS — 30% off. Apply at Instant Funding →
- AFFDELTAFOXTROT — 10% off. Apply at Instant Funding →
What are all the Alpha Capital Group coupon codes?
Alpha Capital Group currently has 8 active coupon codes you can use at checkout:
- CTERRA — 20% off. Apply at Alpha Capital Group →
- TERRA — 20% off. Apply at Alpha Capital Group →
- PROP — 20% off. Apply at Alpha Capital Group →
- NEXTPIPS — 20% off. Apply at Alpha Capital Group →
- BEES — 20% off. Apply at Alpha Capital Group →
- MYPROP — 20% off. Apply at Alpha Capital Group →
- OGUY — 20% off. Apply at Alpha Capital Group →
- PASK — 20% off. Apply at Alpha Capital Group →
What are all the Think Capital coupon codes?
Think Capital currently has 2 active coupon codes you can use at checkout:
- PFASK — 25% off. Apply at Think Capital →
- PFAJULY — 35% off. Apply at Think Capital →
What are all the Blueberry Funded coupon codes?
Blueberry Funded currently has 2 active coupon codes you can use at checkout:
- CT25 — 25% off. Apply at Blueberry Funded →
- CWBF — 25% off. Apply at Blueberry Funded →
What are all the HyroTrader coupon codes?
HyroTrader currently has 2 active coupon codes you can use at checkout:
- PROPFIRMASK — 10% off. Apply at HyroTrader →
- PFA — 10% off. Apply at HyroTrader →
What are all the Funded Trading Plus coupon codes?
Funded Trading Plus currently has 8 active coupon codes you can use at checkout:
- TERRA — 30% off. Apply at Funded Trading Plus →
- FTPCT — 10% off. Apply at Funded Trading Plus →
- MYCOUPON — 30% off. Apply at Funded Trading Plus →
- MYPROP — 30% off. Apply at Funded Trading Plus →
- OGUY — 30% off. Apply at Funded Trading Plus →
- PROP — 30% off. Apply at Funded Trading Plus →
- PASK — 30% off. Apply at Funded Trading Plus →
- PIPS — 30% off. Apply at Funded Trading Plus →
What are all the DNA Funded coupon codes?
DNA Funded currently has 2 active coupon codes you can use at checkout:
- CTERRA20 — 20% off. Apply at DNA Funded →
- CTERRA10 — 35% off. Apply at DNA Funded →
What are all the Funded Firm coupon codes?
Funded Firm currently has 2 active coupon codes you can use at checkout:
- FF05 — 5% off. Apply at Funded Firm →
- AFF903C8C46 — 30% off. Apply at Funded Firm →
Is prop firm trading legal in Brazil?
Yes. Brazilian residents can legally buy an evaluation or instant-funding challenge from an offshore proprietary trading firm. You're paying for account access and a profit-split agreement, not opening a brokerage account regulated by the CVM, so this sits outside CVM's domestic broker-licensing rules.
What is IOF and does it apply to prop firm payments?
IOF (Imposto sobre Operações Financeiras) is a Brazilian federal tax on financial transactions, including foreign exchange. A May 2025 government decree set the rate on card-based FX transactions, including international card payments, at around 3.5%. This applies on top of a prop firm's own price and any card-issuer foreign transaction fee — confirm the current rate with Receita Federal before paying, since it has changed before.
Do Brazilian traders pay tax on prop firm payouts?
Generally yes, payouts are treated as taxable income in Brazil, separate from any IOF paid when purchasing the challenge. These firms don't withhold or file anything with Receita Federal on your behalf, so keep your own records and consult a Brazilian accountant.
Which prop firm is best for Brazilian beginners?
Start with a firm near the top of this list offering a smaller account size at its current discount, and factor in the IOF cost on your card payment when comparing the real total price across firms.
How do I redeem a prop firm coupon code in Brazil?
Click the copy icon next to the code, then click the Try button for that firm to open checkout with the referral link attached. Paste the code into the discount field before paying — remember IOF applies on top regardless of the coupon.
