This comprehensive guide aims to help you choose the best forex brokers in Mexico, leaving you to focus on being profitable in the forex markets.
Ranking Methodology: While assessing hundreds of forex brokers across the globe, and ranking the best forex brokers in Mexico, some of the critical factors which influenced our judgments include; regulatory compliance and safety, trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.
Table of Contents
Best Forex Brokers in Mexico
Following our in-depth review and ranking process, here are the best forex brokers in Mexico;
- IG
- IC Markets
- Pepperstone
- Admirals
- AvaTrade
1. IG
IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and also, a constituent of the FTSE 250 Index.
IG offers CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs, with over 18,000+ instruments to trade.
Along with access to a wide array of global markets, IG also offers a number of exceptional brokerage services including deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms (proprietary and third-party), dedicated customer support service, and much more.
Suitable For – Beginners, professionals, advanced traders, active traders, investors, high-volume traders, institutions, and algorithmic traders.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA. |
| Forex Pairs | 81 Currency Pairs |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:222 |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
| Trading Tools | APIs, Virtual Private Server (VPS) |
| CONS | PROS |
|---|---|
| Strong regulatory framework. | Inactivity fee charged (after two years of inactivity). |
| Listed on the stock exchange. | Offers only forex trading in the United States. |
| 45+ years of industry experience. | |
| 313,000+ clients worldwide. | |
| Volume-based rebates for high-volume traders. | |
| Industry-standard trading platforms. | |
| Low forex trading fee | |
| Excellent educational offering for beginner, intermediate and advanced traders. | |
| Outstanding research offering. | |
| Accepts US clients. | |
| Excellent customer support service. |
2. IC Markets
IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2250+ instruments to trade.
With IC Markets, traders can enjoy a plethora of top-notch trading services, including transparent pricing, low trading fees, ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms, and 24/7 customer support service.
Suitable For – Beginners, professionals, low-cost trading, active traders, high-volume traders, scalping, EAs, and algorithmic trading.
IC Markets Overview
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, and CySEC. |
| Forex Pairs | 61 Currency Pairs |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking |
| Trading Tools | Virtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools |
| PROS | CONS |
|---|---|
| Strong regulatory framework. | No proprietary trading platform is offered. |
| Quick account setup. | |
| Over 180,000+ clients across 190 countries worldwide. | |
| Multiple industry standard trading platforms in web, mobile and desktop versions. | |
| Offers swap-free account. | |
| Low forex trading fees across all account types. | |
| Multiple fast and secure payment methods. | |
| The demo account has an unlimited usage duration. | |
| No inactivity fee is charged. | |
| Excellent customer support service, available 24/7. |
3. Pepperstone
Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various international markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, social trading, copy trading, ultra-fast execution, an Active Trader program, research, education, and an awarding-winning customer support team.
Suitable For – Beginners, professionals, active traders, scalping, algorithmic trading, copy trading, and social trading.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC, FCA, and DFSA. |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader and Duplitrade. |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli. |
| Trading Tools | Smart Trader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade. |
| PROS | CONS |
|---|---|
| Strong regulatory framework. | The demo account duration is limited to only 30 days. |
| Easy account registration process. | |
| Multiple fast and secure payment methods. | |
| Low forex trading fee. | |
| Active Trader Program for high-volume traders, with cash rebates that are paid daily. | |
| No inactivity fee is charged. |
4. Admirals
Admirals is a leading global online broker established in 2001 by the Admiral Group. It offers CFDs across various global markets across various global markets, including forex, commodities, indices, stocks, ETFs, and bonds, with over 8000+ tradeable instruments.
Along with access to over 8000+ instruments, traders can also enjoy several other exceptional trading services such as deep liquidity, superior order execution, industry-standard trading platforms, competitive spreads from 0.0 pips, multiple fast & secure payment methods, impressive educational and research offerings, and an excellent customer support service.
Suitable For – Beginners, professionals, active traders, scalping, and algorithmic trading.
Admirals Overview
| Broker | Admirals |
|---|---|
| Regulation | FCA, EFSA, JSC, CySEC and AFSL. |
| Forex Pairs | 50 Currency Pairs |
| Trading Platforms | MetaTrader Web Trader, MetaTrader 4, MetaTrader 5 |
| Minimum Deposit | $100 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, CNY, SGD, CLP, IDR, MYR, THB, VND |
| Payment Methods | Bank Transfer, Credit/ Debit Cards, Paypal, Klarna, Skrill, Neteller, SafetyPay, Przelewy, iBank & BankLink, iDeal |
| Trading Tools | MetaTrader Supreme Edition, StereoTrader, Virtual Private Server, Parallels for Mac. |
| PROS | CONS |
|---|---|
| Strong regulatory framework. | Does not accept clients from the United States. |
| Deep liquidity. | The demo account is available for only 30 days. |
| Industry-standard trading platforms in web, mobile and desktop versions. | |
| Multiple account types. | |
| Competitive spreads and low commissions. | |
| Multiple fast and secure payment methods. | |
| Offers Islamic swap-free account. | |
| Outstanding education offering. | |
| Excellent customer support service. |
5. AvaTrade
Avatrade is a global online broker established in 2007 by Ava Group. It offers CFDs across various global markets including currency pairs, cryptocurrencies, indices, metals, energies, commodities, stocks, bonds, and ETFs through CFDs.
AvaTrade extensive list of great trading services including deep liquidity, competitive spreads, fixed and variable spread pricing, industry-standard trading platforms, multiple fast & secure payment methods and great customer support service.
Suitable For – Beginners and professionals.
| Broker | Avatrade |
|---|---|
| Regulation | ASIC (Australia), Central Bank of Ireland (Ireland), FSA, FFAJ (Japan), ADGM-FSRA, FSC (British Virgin Island), FSCA (South Africa), CySEC (Europe), ISA (Israel) |
| Forex Pairs | 55 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, WebTrader, AvaTradeGo, AvaOptions |
| Minimum Deposit | $100 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:400 |
| Account Currencies | EUR, GBP, USD, CHF, AUD |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Skrill, Neteller, WebMoney, POLi |
| PROS | CONS |
|---|---|
| Strong regulatory framework. | Limited range of instruments, compared to competitors. |
| Hassle-free account registration process. | High inactivity fee ($50 after 3 consecutive months of non-use). |
| Competitive spreads. | Average forex fees. |
| Industry-standard trading platforms in web, mobile and desktop versions. | |
| Multiple fast and secure deposit and withdrawal methods. | |
| Offers social/ copy trading | |
| Great customer support service. |