Best Day Trading Platforms and Brokers in Mexico 2024

Contributor Image
Written By
Contributor Image
Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
Contributor Image
Edited By
Contributor Image
Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

If you want to day trade financial markets like stocks on the Bolsa Mexicana, currency pairs involving the Mexican peso, or the country’s key commodity exports like oil, you’ll need a broker.

The Comisión Nacional Bancaria y de Valores (CNBV) regulates the financial markets in Mexico, including online trading. Mexicans can sign up with local brokers or trusted overseas platforms.

We’ve identified the best day trading platforms in Mexico, many of which offer short-term trading opportunities on regional assets and support popular local payment methods, such as PayPal.

Top 5 Platforms For Day Trading In Mexico

Following our extensive tests of hundreds of online brokers, these 5 stand out as the best for short-term traders in Mexico:

  1. RoboForex - RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists.
  2. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
  3. Moneta Markets - With ECN pricing featuring spreads from 0 and commissions from $1, high leverage of up to 1:1000, and the terrific ProTrader charting platform, Moneta Markets is an excellent broker for experienced day traders.
  4. FXTM - FXTM is a good pick for day traders seeking low forex commissions on the MetaTrader 4 platform. That said, the range of other assets is not extensive for those looking to diversify, especially stocks and cryptocurrencies.
  5. Deriv.com - Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.

Best Day Trading Platforms and Brokers in Mexico 2024 Comparison

Best Day Trading Platforms and Brokers in Mexico 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage Regulator Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 IFSC Visit
AvaTrade logo
$100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
Moneta Markets logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto AppTrader, ProTrader, MT4, MT5, TradingCentral 1:1000 ASIC, FSCA, FSA Visit
FXTM logo
$500 Forex, CFDs, Indices, Commodities, Stocks FXTM App, MT4, MT5 1:2000 CySEC, FCA, FSCA, FSC Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities Deriv Trader, MT5 1:1000 MFSA, LFSA, VFSC, BFSC Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade 1:30 (Retail), 1:500 (Pro) FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:1000 ASIC, CySEC, DFSA, FSC, FSCA Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) ASIC, CySEC, FSA Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500 ASIC, FCA, xCySEC, SCB Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 ASIC Visit
FOREX.com logo
$100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral 1:400 NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA Visit
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral 1:500 FSC Visit
eToro logo
$50 CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs eToro Web, CopyTrader, TradingCentral - FCA, ASIC, CySEC, FSA, FSRA, MFSA Visit
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000 BVI FSC Visit

#1 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#2 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#3 - Moneta Markets

Why We Chose Moneta Markets

Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
  • Regulator: ASIC, FSCA, FSA
  • Platforms: AppTrader, ProTrader, MT4, MT5, TradingCentral
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#4 - FXTM

Why We Chose FXTM

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ day trading markets and three account types, they cater to all levels of trader.

  • Instruments: Forex, CFDs, Indices, Commodities, Stocks
  • Regulator: CySEC, FCA, FSCA, FSC
  • Platforms: FXTM App, MT4, MT5
  • Minimum Deposit: $500
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#5 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Methodology

To find the best day trading platforms in Mexico, we searched our directory of 500 online brokers, focusing on those that accept day traders from Mexico, and ranked them by their rating.

Our ratings are gleaned from 100+ data points and hands-on tests of each broker.

  • We made sure that each platform accepts Mexican day traders.
  • We verified the regulatory status of each broker.
  • We prioritized brokers with diverse market coverage.
  • We favored brokers with competitive day trading fees.
  • We ensured that every broker offers reliable charting platforms.
  • We assessed each broker’s execution quality.
  • We checked that each broker offers transparent leverage requirements.

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In Mexico

Our evaluations have shown that there are several key factors you should consider when choosing a day trading broker:

Choose A Trustworthy Broker

A reputable broker will be licensed by a trusted regulatory authority and protect you from scams.

Brokers in Mexico are rarely regulated by the Comisión Nacional Bancaria y de Valores (CNBV), so instead we look for licensing by another reputable ‘green tier‘ authority, such as the SEC in the US or FCA in the UK.

These authorities enforce strict auditing requirements and provide important safeguards like negative balance protection.

  • AvaTrade continues to prove a secure choice for traders, with multiple green tier licenses in most major jurisdictions, including ASIC and CySEC, plus a long history since 2006. Alongside segregated client accounts, the firm offers negative balance protection, ensuring you can never lose more than what’s in your account.

Choose A Broker With Diverse Market Coverage

Day traders often require a wide range of assets to maintain a diversified portfolio. Choosing a broker with markets that suit your short-term strategies is especially important.

For Mexican traders, we look out for local assets including exotic currency pairs involving the Mexican peso (MXN), like USD/MXN. We also check for any stocks listed on the Mexican Bolsa stock exchange (BMV), such as Walmex and America Movil.

Our tests have found that these aren’t widely offered, though our top recommended brokers still offer diverse opportunities through other markets.

Infographic showing popular day trading markets in Mexico

  • RoboForex is a great choice for Mexican traders looking to speculate on local financial markets, with 12,000+ instruments, including several NYSE-listed Mexican firms like Fomento Economico Mexicano and Cemex.

Choose A Broker With Competitive Day Trading Fees

Keeping transaction costs down is especially important when trading actively throughout the day, so we assess key costs, notably spreads and commissions, on popular instruments.

We also consider other features or tools which may justify any higher costs. For example, Mexican traders may be interested in additional research tools that lend insights into regional economic events, or inflation updates from the Banco de Mexico.

  • Pepperstone is one of our top low-cost brokers, with spreads from 7.0 pips on USD/MXN and low commissions from $3 per lot. Highly active traders can also earn cash rebates on trades through the Active Trader Program.

Choose A Broker With Powerful Charting Tools

Accessing reliable day trading platforms is crucial for executing successful technical analysis and developing short-term strategies.

Most brokers we test offer the MetaTrader suite, though we’re increasingly seeing more user-friendly alternatives such as cTrader and TradingView.

A wide range of indicators, timeframes and charting options will ensure day traders can explore various opportunities.

cTrader web platform at IC Markets, showing USDMXN and XTIUSD charts
IC Markets – cTrader
  • IC Markets excels in this category, with a superior selection of tools including MT4, cTrader and TradingView. There’s also a range of third-party research tools and social trading solutions, making the broker an excellent all-rounder for beginners and seasoned veterans.

Choose A Broker With High-Quality Execution

Active day traders need a reliable broker that can process trades quickly and efficiently, guaranteeing the best possible prices. This is particularly important if you’re speculating on volatile securities, such as Mexican stock Axtel.

For optimum conditions, the broker will ensure reduced latency (time delay) and slippage (the difference between the requested price and filled price), and have execution speeds of less than 100 milliseconds.

  • FOREX.com achieves execution speeds as low as 40 milliseconds on major assets, with an impressive 99.53% of trades executed in less than 1 second – ideal for day trading.

Choose A Broker With Clear Leverage Requirements

Leverage is an important aspect of day trading, allowing you to amplify your exposure to a trade with just a small outlay (margin).

For example, if I want to trade Walmex stocks with leverage of 1:20, this means a $100 deposit would give me $2,000 in purchasing power.

💡
Since this can also amplify losses, using a stop-loss order can help reduce risk. This will automatically close a position when it reaches a predetermined level.
  • Moneta Markets offers high leverage up to 1:1000, though we don’t recommend this for beginners. The USD/MXN pair is also available with a maximum leverage of 1:10.

Choose A Broker With An Accessible Minimum Deposit

Day traders in Mexico will need up to 250 USD (approximately 4,190 MXN) to open a live account, though many brokers we evaluate go much lower.

It’s also worth considering brokers that support popular payment methods in Mexico which may offer faster and cheaper transactions. PayPal, for example, is surpassing other payment methods in Mexico, with over half of Mexican respondents claiming they use it over debit and credit card payments, according to Statista.

  • Pepperstone’s $0 minimum deposit requirement is ideal for beginners, while its range of popular deposit methods including PayPal ensures convenient funding for active day traders in Mexico.

FAQ

Who Regulates Day Trading Brokers In Mexico?

The Comisión Nacional Bancaria y de Valores (CNBV) is responsible for overseeing the financial markets in Mexico. However, not many brokers are regulated by the CNBV, so traders may need to seek international brokers.

We recommend choosing a broker that’s licensed by a credible authority, such as the SEC in the US or the FCA in the UK.

Which Is The Best Broker That Accepts Day Traders From Mexico?

Refer to our list of the best day trading platforms in Mexico to find a suitable option.

Pepperstone, for example, is an excellent choice for short-term day traders in Mexico, with local assets like the iShares MSCI Mexico Capped ETF and MXN currency pairs.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com