We found 11 online brokers that are appropriate for Trading Mexico Investment Platforms.
Mexico's economy was already contracting before the COVID-19 virus. With yet another thing to worry about (COVID-19), Mexico is about to embark on a rocky road to economic recovery.
The economy of Mexico is contracting for more than 5 quarters. Some of the factors responsible for this contraction are Lower private consumption, lower foreign investment, and trouble surrounding the free trade agreement with countries such as Canada and the United States of America (USA).
With the entry of Coronavirus, the speed of contraction just increased. As a result, Mexico's economy saw one of the greatest economic contractions of its history. The only other event that could be worse than the current condition was the Great Depression of 1929.
Experts are eyeing a contraction of -9.0% in Mexico's GDP. During the first half of the year, the economy saw negative growth. Conditions were already bad for the economy & COVID-19 just made it worse. The combined economic contraction of Q1 and Q2 was around -17%. Mexican's economy got a breath of relief from the Q3, with a partial recovery of only 12%. Annual change in the Gross Domestic Product (GDP) was still -9% for the year.
Despite a strong 3rd quarter, the output levels are still below than the last year. Recent data shows that the output level was only around 8.6%, lower than last year's value.
The Mexican labor market, which was already under pressure, had to face the ill effects of pandemics too. In just 2 months (April & May), more than 12 people lost their jobs in Mexico. The unemployment rate also saw an increase from 3.3% to 4.5% (latest data).
The total population which is actively involved in economic activities also reduced due to the pandemic. In Feb, around 60.5% of the population was involved in the economy. Data from April showed that the numbers have been reduced to 47.5%.
A recovery seen in the latter half of the year helped around 10+ million to join the workforce once again. Still, 2.3 million are waiting to get back to work.
However, not all is good about the recovering labor market. Most of the people who have joined the workforce again are no longer a part of the formal economy. Instead, they have joined the informal market. An increase in the number of part-time workers (around 15.7%) shows there are less full-time jobs.
Despite a mild recovery in last 2 quarters of the year, conditions in the labor market are still uncertain.
2021 has brought optimism around the world due to the availability of vaccines. Depending on the progress of the vaccination program, many countries may get back to full speed before others.
Data from Reuters shows that Mexico has vaccinated around 6.5% of the total population against the Coronavirus.
If the vaccination progress speeds up during the year, it will be good for the production and labor market. Opening up the economy will also bring growth back to the country.
However, all of that depends on a fast-paced vaccination program. Another important factor is a possible mutation in the virus. If the virus mutates itself to render the vaccine ineffective, that would be disastrous for Mexico (and the rest of the world).
One of the major forces behind the growth of Mexico's economy in the last decade is the Manufacturing sector. Due to COVID-19 related restrictions, the manufacturing sector also posted a decline. With less demand from the domestic and foreign markets, manufacturing output had to be reduced.
Some of the sectors which were affected more severely include electronics and automobiles.
Automobile Sector: This sector saw its output reduced by almost 100%. In Jan, around 320,000+ cars were manufactured. Only after 3 months (April), that number was reduced to 3000 cars only. The demand picked up once again, only in the last quarter of the year (340,000+ cars). An increase in the global demand of cars will help out the automobile sector of Mexico.
Other Sectors: Experts believe that the manufacturing sector as a whole will reach pre-pandemic levels once again. With Donald Trump out of the picture, trade between Mexico and USA will pick up the pace.
While the traditional retail outlets took a severe hit, the pandemic actually helped e-commerce. Sales from online shopping saw an increase of +50% during the months of the pandemic.
Month | Online Sales (e-commerce) Growth |
April | 53% |
May | 61% |
June | 65% |
July | 31% |
August | 66% |
September | 56% |
Data suggests around 48% of people preferred to use the internet for shopping. So, while the rest of the economy is struggling with restrictions, E-commerce is progressing with no bounds.
As long as the demand for services and manufacturing keeps increasing, Mexico will manage to recover the damage done by the pandemic.
The tourism sector has the most potential to revive the economy of Mexico. Many other sectors are directly co-related to tourism. A pick-up in tourism, fueled by the improving conditions (COVID-19) will help Mexico's economy a lot.
After keeping all the factors into account, Mexico's GDP forecast for 2024 is 3.7%. This will be followed by a drop of -9% in 2020.
We have conducted extensive research and analysis on over multiple data points on Mexico Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Mexico Economic Forecast. Below we shortlist what we think are the best Mexico Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Mexico Economic Forecast.
Selecting a reliable and reputable online Mexico Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Mexico Investment Platforms more confidently.
Selecting the right online Mexico Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Mexico Investment Platforms trading, it's essential to compare the different options available to you. Our Mexico Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Mexico Investment Platforms broker that best suits your needs and preferences for Mexico Investment Platforms. Our Mexico Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Mexico Investment Platforms.
Compare Mexico Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Mexico Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Mexico Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Mexico Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Mexico Investment Platforms that accept Mexico Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with etoro |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Mexico Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Mexico Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Mexico Investment Platforms below.
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