Economy
Trading Analysts Have Defined the Best Forex Prop Firms in Brazil
Have you ever heard of prop trading companies? They’re like powerful teams that look for skilled traders to use their expertise in trading assets. These companies give traders a chance to show off their skills by using the company’s money to make profits and earn commissions. Imagine this: you could get funded with different amounts, from $500 to even millions, and use your trading skills and tools to make money. And guess what? Traders Union experts have done research to list the top 5 Forex prop firms in Brazil for 2023. These firms give you an amazing opportunity to do well in trading, whether it’s Forex, cryptocurrencies, or things like metals, indices, bonds, stocks, and even futures.
Forex prop trading firms in Brazil: are they legit?
Forex prop trading firms are indeed legitimate companies in Brazil. While local traders are encouraged to align with firms licensed within the country, there’s no mandatory requirement for international forex prop firms to possess local licenses from the Securities and Exchange Commission of Brazil in order to serve Brazilian residents. The experts have explored the intricacies to provide you with insights into the authenticity of international prop trading firms in the Brazilian trading landscape.
Top Proprietary Trading Firms in Brazil
TU analysts have chosen top firms that provide excellent chances for traders aiming to succeed and advance in their careers. Below is a selection of the best of the best:
- Topstep – Begin with a bang, keeping 100% of your initial $5,000-$10,000 profit.
- Fidelcrest – Elevate your trading with performance coaching, million-dollar account sizes, and an impressive up to 90% profit split.
- SurgeTrader – Diversify your investment portfolio effortlessly with a range of tradable assets.
- The 5%ers – Enjoy remarkable trader support, instant funding, and swift account scaling.
- FTMO – Embrace the world’s largest prop trading firm, boasting over 10,000 traders globally.
Exploring Forex Prop Trading in Brazil: Insights from Analysts
Analysts at Traders Union have delved deep into the world of forex proprietary trading in Brazil, dissecting the advantages and drawbacks to provide you with a comprehensive outlook. Joining a proprietary trading firm can be alluring, promising the potential for elevated profits. However, as with any venture, there are essential aspects to bear in mind. Before you jump in, you should carefully weigh these factors and consider whether forex prop trading fits your goals and risk tolerance.
Pros:
- Bigger Profits: In-house trading helps companies make more money compared to just earning commissions as a broker.
- Strong Support: Proprietary firms offer personalized client support.
- Diversification and Risk Reduction: You can utilize margin while investing the rest of your capital elsewhere.
Cons:
- Limited Regulation: Prop firms might be less regulated, requiring thorough research.
- Risk of Loss: Your deposit is susceptible to fraud and business risks.
- High Fees: Proprietary trading often involves significant software and monthly fees.
Conclusion
Proprietary trading is an interesting option for skilled traders to use their knowledge and money for trading. TU experts have given valuable information about this type of trading, showing how it can lead to growth and profit in forex trading. But before jumping in, traders need to think carefully. There are good things like higher profits and support, but also risks like rules, possible losses, and fees. The process of evaluating all this is important. With help from Traders Union analysts, traders can understand these things better and make smart choices that fit their goals and how much risk they’re comfortable with. Whether trying prop trading or looking at forex companies around the world, TU can offer useful advice and help along the way.
By Aduragbemi Omiyale
Nigeria slightly surpassed its quota set by the Organisation of the Petroleum Exporting Countries (OPEC) in July 2026.
In the month under review, the country produced about 1.57 million barrels of crude oil per day.
It was the third consecutive month Africa’s largest oil-producing nation was meeting its monthly quota, set to stabilise the price of the commodity on the global market by the oil cartel.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday showed that the 1.5 million barrels per day ceiling for Nigeria was surpassed last month.
The agency disclosed in a statement today that the country produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.
In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.
Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by 4 per cent.
This was attributed to the decline in production due to operational challenges experienced at the Erha and Akpo fields, which impacted crude oil output during the period under review.
These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.
Despite the challenges, production operations across most other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimising the impact of operational constraints, NUPRC stated.
By Aduragbemi Omiyale
The over 9 billion shares of Lasaco Assurance Plc issued to shareholders of the company via a rights issue have been listed on the Nigerian Exchange (NGX) Limited.
The equities were brought to Customs Street on Wednesday by the organisation, increasing its total issued and fully paid-up share capital.
Lasaco Assurance, which scaled the recapitalisation hurdle of the National Insurance Commission (NAICOM) in July 2026, raised fresh capital from the capital market to shore up its capital base.
The underwriting firm got about N18.5 billion from the rights issue, which involved the issuance of 9,236,321,546 ordinary shares at a unit price of N2.00.
The exercise was on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
Confirming the listing of the additional stocks of Lasaco Assurance today, the Head of Issuer Regulation Department of NGX RegCo, Mr Godstime Iwenekhai, announced in a circular that, “Trading licence holders are hereby notified that an additional 9,236,321,546 ordinary shares of 50 Kobo each of Lasaco Assurance Plc were today, Wednesday, August 12, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 9,236,321,546 ordinary shares of 50 Kobo each at N2.00 per share on the basis of five new ordinary shares for every existing six ordinary shares held as of the close of business on Friday, February 20, 2026.
“With the listing of the additional 9,236,321,546 ordinary shares, the total issued and fully paid-up share capital of Lasaco Assurance Plc has now increased from 11,083,585,855 to 20,319,907,401 ordinary shares of 50 Kobo each.”
By Adedapo Adesanya
The Nigerian Insurers Association (NIA) has said the successful recapitalisation of the insurance industry will strengthen the sector’s ability to support financial stability and economic growth.
NIA Chairman, Mrs Ebelechukwu Nwachukwu, said a well-capitalised insurance industry would be better positioned to meet its obligations promptly, underwrite complex and large-scale risks and serve as a dependable pillar of the Nigerian economy.
She made the remarks while commending the National Insurance Commission (NAICOM) for its structured implementation of the new minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.
Mrs Nwachukwu said NAICOM’s clear guidelines, systematic verification process, defined timelines and rigorous supervision had provided operators with a credible framework for navigating the recapitalisation exercise.
She described the outcome as a major milestone for the industry and congratulated the 43 insurance and reinsurance companies that have successfully met the prescribed minimum capital requirements.
According to her, the exercise represents “a major win not just for regulators and operators, but for policyholders, investors and the wider Nigerian economy.”
Mrs Nwachukwu said the association would continue to work with NAICOM and other stakeholders to consolidate the gains of the exercise, with emphasis on sustainable industry growth, stronger market conduct and improved consumer confidence.
The official also expressed solidarity with the eight companies still undergoing final verification and regulatory review, urging them to remain confident as NAICOM completes the process within the 14-day review period.
The NIA chairman assured policyholders and the wider business community that the insurance industry would emerge from the recapitalisation exercise stronger, more resilient and better positioned to contribute to Nigeria’s economic development.
