Mexico is one of the fastest-growing economies with its purchasing power parity (PPP) standing at the eleventh position currently in the world. The country’s Foreign Exchange Reserves averaged close to 118075.47 USD Million (2000–2020).
The country’s source for significant income is via export of oil, which is around one-third of its total revenue. The exports mean it draws a large chunk of forex currency. Inspired by the prospects, here some of the best forex brokers in Mexico.
Forex broker Mexico
TradeATF– The broker is growing at a rapid pace in the foreign exchange market. Headquarter of the company lies in Cyprus, and top authorities (CySEC, IFSC)regulate the online brand. Despite being relatively new in the financial market, it is already rendering services to over ten thousand satisfied customers. Hoch Limited is the parent company of TradeATF.
It offers facilities like quick account opening, simplified user interface and harmonised conditions to keep traders relaxed in the competitive market.
Instruments offered by TradeATF
Mexican traders can choose from indices, forex, commodities and stocks. However, with massive demand in currency pairs, the trader is among the finest with its operations.
Costs:- It doesn’t charge anything for commission. Also, the most significant plus point is that spreads and trading costs are low and average.
Demo Account:– It enables a user to check the features and pre-defined tools before jumping the gun on to the real account. It helps in approaching the decision for continuing with the broker. Hence, it adds up to the advantage for a person using TradeATF.
The trader enthrals investors by enriching their knowledge through webinars, videos and course materials.
One can opt the facility for twenty-four hours a day and five days a week.
Minimum deposits:- 100 USD
Main platform: MetaTrader4
Leverage: 1:30 | 1:500
FXTM: The online broker also known as ForexTime had its foundation in the year 2011. It is renowned for its CFD based forex trading on more than fifty plus currency pairs. It includes minor, major and exotic pairs for transactions.
It offers clients to trade for 24 hours a day and five days a week. It has competitive spreads across all its available platforms.
Licensing of FXTM
The brand is authorised and regulated by the IFSC (International Financial Services Commission) and CySEC and several other regulating bodies.
Facilities offered by FXTM
- People can start trading with a minimum deposit of $ 10.
- It supports the latest platforms like MetaTrader5.
- Sports a free demo account.
- Has more than 250 assets and specialises in Forex trading.
FP Markets:- The online broker is among the veterans in the online brokerage field. It was founded in 2005 and regulated by ASIC and CySEC.
The First Prudential Markets LTD. also serves a range of market analysis, education and other trading resources that can help elevate the standard of a trader while investing in the forex market.
Features packed by FP Markets for Mexico
- DMA trading and ECN pricing available
- More than 10000 plus tradable assets and instruments for users to choose and start trading.
- Satisfactory customer care
- Provides plenty of platforms for trading
- Offers educational tools for a better understanding of the financial market.
The broker finds its foundation in 2009 and regulated by robust regulating authorities like ASIC, IFSC and CySEC. The broker is providing more than a thousand of tradable assets for a user to select, including forex, indices, commodities, energies and metals.
It has globally renowned platforms like MetaTrade4, MetaTrader5, iOS and Android apps etc. complying with users’ need.
Features packed by XM
- It has zero commission
- The minimum deposit is only $ 5
- It offers interactive live trading rooms, education and research services
- It has whopping leverage of 1:888.
It is a leading Contract for Differences (CFD) broker supporting trading of indices, forex, commodities, stocks and other instruments. It offers characteristics like negative balance protection, supports sophisticated trades and assists investors in making profits in their every outing. 2008 was the year when it came into existence.
There are plenty attached to it, including, FSB, ISA, MAS, ASIC, FCA, and CySEC.
Facilities by Plus 500 for Mexico
- There are no commissions
- There are over 2000 products for trading
- It offers low spread costs
- Leverage up to 1:30.
- It has advanced trades