Brokers With MXN Accounts

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Christian Harris
Christian is a seasoned journalist with decades of experience. He transitioned from tech journalism to finance to follow his interest in investing. He has been trading stocks, futures, forex, and cryptocurrencies for more than 5 years, becoming an eToro Popular Investor. With hands-on expertise across various assets, he offers valuable trading insights.
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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
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The Mexican peso (MXN) is Mexico’s official currency and one of the most traded currencies, particularly in emerging markets. It’s valued for its liquidity and strong ties to the US and Latin American economies.

Opening an MXN trading account can be highly beneficial. It provides easy access to Latin American investments, eliminates currency conversion fees, and allows you to capitalize on Mexico’s economic growth and commodities like oil, which directly impact the value of the MXN.

Explore DayTrading.com’s selection of the best Mexican peso brokers tailored to various trading requirements.

Best Brokers With MXN Accounts

After our exhaustive tests, these are the 2 top brokers that support MXN accounts:

Click a broker for details
  1. 1
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto, Airtel
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
  2. 2
    Easy Markets

    €100
    Variable
    1:30
    CySEC, ASIC, BVI, FSCA
    CFDs, Forex, Stocks, Cryptos, Commodities
    MT4, MT5, TradingView
    UnionPay, Credit Card, Bitcoin Payments, Debit Card, AstroPay, Perfect Money, WebMoney, Sticpay, Visa, Wire Transfer
    USD, EUR, GBP, CAD, AUD, JPY, TRY, SEK, CHF, PLN, CZK, MXN

Here is a summary of why we recommend these brokers:

  1. Exness - Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
  2. Easy Markets - Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

Brokers With MXN Accounts Comparison

Brokers With MXN Accounts Comparison
Broker MXN Account Minimum Deposit Markets Regulator
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
Easy Markets logo
€100 CFDs, Forex, Stocks, Cryptos, Commodities CySEC, ASIC, BVI, FSCA

Exness

"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."

Tobias Robinson, Reviewer

Exness Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
PlatformsExness Trade App, MT4, MT5, TradingCentral
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

  • Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips and low commissions from $2 per side

Cons

  • Unlike most competitors, Exness doesn't provide its own education section
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • There are several regional restrictions for retail traders including the USA, Europe and the UK

Easy Markets

"Casual traders who want a secure and straightforward trading environment will find a good broker in easyMarkets. The fixed spreads and upfront fees will also appeal to newer traders and cost-conscious investors."

Tobias Robinson, Reviewer

Easy Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Cryptos, Commodities
RegulatorCySEC, ASIC, BVI, FSCA
PlatformsMT4, MT5, TradingView
Minimum Deposit€100
Minimum TradeVariable
Leverage1:30
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, TRY, SEK, CHF, PLN, CZK, MXN

Pros

  • High-quality day trading software is available including TradingView, with 100+ overlays and indicators, plus deep market insights
  • Day traders can access an excellent range of risk management tools, including negative balance protection, guaranteed stop loss orders and the proprietary dealCancellation tool
  • There’s a wide range of free research tools and news feeds available in all the broker's platforms

Cons

  • The broker doesn’t offer any raw-spread or cent account options, which puts it behind top competitors like Vantage
  • There is no VPS service for seasoned algo traders looking to run their automated strategies 24/7
  • Spreads on the Standard account are fairly wide based on tests, starting from 1.7 pips for EUR/USD

How Did We Choose The Best Brokers?

Our selection process for the best MXN trading platforms was meticulous:

  • We assessed several hundred online brokers and trading platforms.
  • We removed from consideration any platforms that did not offer accounts denominated in Mexican pesos.
  • We assigned a numerical rank to each platform, considering a comprehensive set of 100+ quantitative metrics and qualitative assessments from our rigorous testing process.

What Is An MXN Account?

An MXN account is a trading account whose underlying currency is the Mexican peso.

This account type offers a suite of advantages, such as avoiding foreign exchange conversion fees, mitigating exchange rate risk, and efficient investment in domestic Mexican assets, including equities and initial public offerings (IPOs).

The convenience and advantages of an MXN account make it an excellent option if you actively participate in Mexico’s financial markets.

Below is a snapshot of my easyMarkets trading account, denominated in Mexican pesos. It took me just a few minutes and clicks to configure my currency as MXN.
author image
Christian Harris
Author
Configuring a MXN trading account at easyMarkets broker
easyMarkets – setting up a MXN account

Do I Need An MXN Trading Account?

Evaluate the benefits of an MXN account if:

How Can I Check If A Broker Offers An Account In Mexican Pesos?

To identify the top trading platforms offering MXN accounts, follow this straightforward process:

  1. Locate the ‘Account Options’ or similar section on the broker’s website.
  2. Verify that ‘MXN’ is included among the supported base currencies for your trading account.
  3. Create a trading account and select ‘MXN’ as your primary currency.

Pros & Cons Of MXN Trading Accounts

Pros

  • Traders based in Mexico can avoid the fees and risks associated with currency exchange, particularly when trading assets denominated in Mexican pesos. This can result in substantial cost savings for active traders, as there is no need to convert funds between currencies.
  • Mexico is a significant player in the Latin American economy, and a MXN trading account may provide direct exposure to Mexican equities, bonds, and commodities like oil and silver, which can offer higher returns compared to more developed markets.
  • MXN is one of the most traded emerging market currencies. The peso’s volatility can offer short-term trading opportunities, especially in forex markets.

Cons

  • If your investments or income are in other currencies, such as USD, having an MXN base account may expose you to exchange rate fluctuations, potentially eroding returns when converting profits back to your primary currency.
  • When trading non-MXN assets (like international stocks or bonds), you may face higher currency conversion fees and spreads, as every transaction involves converting MXN to the relevant currency, increasing trading costs.
  • Some international brokers or trading platforms may offer limited services or instruments denominated in MXN, restricting access to global investment opportunities and specific asset classes.
  • As an emerging market currency, MXN can experience larger price swings than developed currencies, such as EUR, increasing the risks for global traders.

FAQ

Which Is The Best Broker With An MXN Account?

Our team of experts has meticulously evaluated the leading trading platforms offering MXN accounts. Explore our list to find the ideal brokerage for your trading needs.

How Much Does It Cost To Open A Trading Account Based In Mexican Pesos?

Based on our evaluations, many brokers require a minimum deposit of USD 250 (approximately MXN 5,000) to begin trading with MXN.

However, there are exceptions. OANDA, for instance, offers a much more accessible entry point with no minimum deposit requirement, making it an ideal choice for new traders.

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