CVM regulatory body is directly controlled by the Ministry of Economy, and they are responsible for regulating the companies who look to participate in capital markets, stock exchanges, public companies, and investors.
You can check the various companies’ information through their official website www.cvm.gov.br. For Brazilian residents and other traders who like to trade in Brazil, we recommend you follow them on Twitter @cvmgovbr.
Our research team in tradingcritique.com analysed a lot of Forex brokers in Brazil and listed out the Top 3 out of them based on various factors like Regulations, Portuguese language customer support, Trading Instruments, Fees, User reviews, etc. As we do not find many likely brokers regulated by BCB or CVM we have listed offshore brokers who are regulated under their jurisdiction and have authorised to accept traders from Brazil.