Best Forex Brokers Mexico

Forex market in Mexico is an important part of the country’s financial system, while Mexico’s Forex market is mainly composed of commercial banks, which are the primary participants in the market, followed by multinational corporations and investment firms. The Mexican peso (MXN) is the official currency of Mexico and is the eighth most-traded currency in the world, accounting for about 2% of daily Forex turnover globally.

Forex Platforms in Mexico

Forex market in Mexico is legal. The National Banking and Securities Commission (CNBV) regulates the Forex market in the country, and there are no restrictions on individuals or entities participating in the market, as long as they comply with the regulations and guidelines set by the Bank of Mexico.

  • However, the local authorities do not fully regulate the Forex industry, and Mexico is still one of the rapidly developing markets in Latin America.
  • There are many reputable international Forex brokers that accept traders from Mexico and offer their services in the country. In fact, many traders in Mexico prefer to trade with international brokers due to the wide range of trading instruments, offered platforms and various services included.

Read more about Forex Trading on Wiki.

Mexico Trading ProsMexico Trading Cons
Access to global marketsLimited regulation
Active and growing marketFraudulent activities
Low trading costsDifferences in regulations and tax laws
High liquidityLack of transparency
Access to Leverage

Forex Regulation in Mexico

In Mexico Forex Trading is legal, however, the existing regulatory bodies of the country do not provide full responsibility, guidance, and rules to ensure complete security in the market. Mexico has several authorities that oversee forex trading, providing and imposing certain rules and restrictions.

The official website of the National Banking and Securities Commission is, also follow their official Twitter account — @GobiernoMX

The financial market in the country is also regulated by two other institutions as well – the Central Bank of Mexico and the Global Foreign Exchange Committee (GEFC).

  • The main financial regulator in Mexico is the National Banking and Securities Commission (CNBV) – an independent agency of the Mexican Ministry of Finance. The body oversees and controls the banking and brokerage sectors. It also imposes certain rules and guidelines for forex brokers, yet it does not offer full control and complete safety.
  • The market faces some challenges, such as concerns about the level of regulation and oversight, transparency and fairness, and fraudulent activities. There have been instances of Forex scams and fraudulent activities in the Mexican Forex market, and some traders may feel that the existing regulatory bodies could do more to protect traders and investors.
  • Mexican traders often prefer to sign in with international brokers, which is indeed available for Mexican Trading. 
  • Overall, while the Forex market in Mexico is a growing and active market, it still important to select good and safe Broker. So our professional advice is to choose brokers with good standing and tight regulation provided by top-tier licenses, to ensure money safety and favorable offering.
  • The current maximum leverage allowed for Forex trading in Mexico is 1:30. This limit was set by the Bank of Mexico, as part of new regulations aimed at protecting investors and reducing the risks associated with Forex trading.

Read more about Mexican Financial regulator via Wiki.

Mexico Regulator Webiste

Top 5 Best Forex Brokers in Mexico

Our list of Mexico-based brokers exclusively features those that are regulated Brokers, selected via extensive research and experience to identify brokers that accept Mexican traders through their international branches. Furthermore, the brokers we have selected possess a reputable track record and are compliant with regulatory standards, ensuring a secure trading experience:

  • HFM — Best Overall Broker in Mexico 2024
  • BlackBull Markets — Best MT4 Broker in Mexico 2024
  • FP Markets — Best Broker for Beginners in Mexico 2024
  • Eightcap — Lowest Spread Broker in Mexico 2024
  • BDSwiss — Best for Scalping and EA Trading Mexico 2024

What is Forex in Mexico?

Although there is no single institution in Mexico that will provide full regulation of the Forex Market, Forex trading is very popular and is constantly growing, allowing to access Forex Trading or Currency Market trading almost for any individual.

Is trading Forex available in Mexico?

Yes, Forex trading is available in Mexico and is steady growing. Mexican traders at firt should select a broker while our list below will assist, also we encourage you to sign with a reliable international broker that will provide good trading tools, offer education, preferably with trading academy, popular trading platforms and apps.

What trading startegies good in Mexico?

Weather the staretgy is good or not the best for you is definitely a peronal choice. While Mexican traders can choose the broker based on their trading expectations, whether they are looking for long-term investments or short-term trading. Besides the top listing we provided, we also advise checking some reliable brokers based on our experience in the market: IG, XTB, and Interactive Brokers.

List of Forex Brokers Mexico Trading

This list we made of the Regulated Brokers List that accept clients from Mexico mainly offered by International Entities:

Broker Detail
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
HFM Review
BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
FP Markets Review
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Pepperstone Review
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:1000
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA
XM Review