We found 11 online brokers that are appropriate for Trading Mexican Peso Investment Platforms.
The Mexican Peso has become one of the world's most-traded currencies, only inferior to CAD and USD even though the MXN/USD isn't as much as the USD/JPY and EUR/USD. The MXN offers liquid access to the region's emerging market. The transformation of MXN from underdogs to one of the world's most prominent financial instruments can be witnessed in the Forex market, where it boomed. The strengthening MXN has dragged the attention towards the southern part of America.
The rapid growth of the Mexican Peso comes with strong reasons. Among them, we can recognise four substantial determining factors. These include the higher interest rate, the close proximity of the US, the crude oil price, and the Forex trading books. These factors collaboratively contribute to the growth of the MXN, as we've witnessed. The MXN has become one of the most traded currencies in the foreign exchange market.
While many people think that Mexico is weak, they're wrong. The mindset is shaped by the fact that Mexico employs higher interest rates. However, the MXN has been paying higher interest for definite reasons. While the USD is around two per cent, the MXN is at 8%. Even though the USD has doubled the value against the MXN for the last two decades, the annual gain is less than the proportional expectation. This situation ends with one conclusion. The MXN has received higher returns than the USD because it's been paying for higher interest throughout the years.
The Fed and many other central banks worldwide have been employing low-interest rates because of the 2008 global financial crisis. As you might have known, that interest rate is usually employed to boost investment and borrowing in a country. However, things went in another direction as speculators put the borrowed money back in the market with higher interest rates. It's known as the carry trade strategy, which is also considered a more effective strategy to gain profits over currency investment.
The extensive use of leverage makes the carry trade more profitable than other strategies for Forex traders. It can build up to 500-600% profit per year, by longing the MXN and shorting the USD using up to 100:1 leverage. Since the MXN employs a higher interest rate by six percentage points (eight against two per cent), traders can obtain gains for high leverage even though the exchange rate isn't moving at all. The carry trade is, of course, not flawless as it can collapse instantly in the bear market where the USD strengthens significantly against the MXN. Despite being highly profitable, carrying trade with leverages is extremely risky.
Not only have the United States and Mexico been sharing a border for decades, but both countries also develop beneficial relationships as well as immigration dramas. The MXN value has been extensively and intensively influenced by the close proximity with the United States in one or another way. The liquidity of the MXN has been strongly boosted by economic interactions among border regions of both countries. We can't deny that the MXN's liquidity strongly depends on economic activities on the border.
The USD/MXN Forex pair is the most liquid pair that the MXN has had, as it has a so-called natural currency play for traders. The liquidity of the MXN is also significantly boosted by the surplus trades with the United States of more than 100 billion per year. It refers to the difference between the superior number of Mexican exports to the US against its imports. Even though the balance of trade has been fluctuating, we know why the MXN is very liquid.
Another determinant factor of the MXN strength is, of course, the oil prices. It's simply because the country has abundant oil reserves that are used as financing collateral. The Mexican government can extensively fund various domestic plans/programs from the money they consistently borrow from international lenders. The high oil prices would generally make gas countries more attractive in investors' eyes so Mexico can easily obtain a loan. On the other hand, oil price speculators use the relationship between oil and the MXN as a reliable basis.
Consequently, the drop and collapse in the oil price would drag the MXN value accordingly. As the global covid-19 outbreak hit the oil price, we noticed a major drop in the MXN. Forex trading booms provide diverse investors and traders access to the MXN currency pairs.
There are developing factors of the MXN strength. The first and foremost factor is the possible carry trades resulting from the high-interest rates paid by Mexico each year. The close proximity and border share with the United States have been determinant factors to the currency's value through economic activities. The ups and downs of the MXN also depend on the oil prices as the country uses its abundant oil reserves as collateral to borrow money from international lenders.
We have conducted extensive research and analysis on over multiple data points on Weak Mexican Peso to present you with a comprehensive guide that can help you find the most suitable Weak Mexican Peso. Below we shortlist what we think are the best Mexican Peso Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Weak Mexican Peso.
Selecting a reliable and reputable online Mexican Peso 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 Mexican Peso Investment Platforms more confidently.
Selecting the right online Mexican Peso 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 Mexican Peso Investment Platforms trading, it's essential to compare the different options available to you. Our Mexican Peso 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 Mexican Peso Investment Platforms broker that best suits your needs and preferences for Mexican Peso Investment Platforms. Our Mexican Peso Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Mexican Peso Investment Platforms.
Compare Mexican Peso Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Mexican Peso Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Mexican Peso Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Mexican Peso Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Mexican Peso Investment Platforms that accept Mexican Peso Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
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 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
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+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
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 |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
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 Mexican Peso 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 Mexican Peso Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Mexican Peso Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.