Best Forex Brokers Mexico 2026 – SPEI, OXXO, Low Deposit

Last reviewed:January 15, 2026

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By:David Okonjo

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Fact-checked by:Lisa Martinez

Top 10 Brokers for Mexican Traders in 2026

Forex trading in Mexico is regulated by CNBV and Banco de Mexico. Our experts tested 40+ brokers to find the best options for Mexican traders in 2026. Exness leads our rankings with instant SPEI deposits and withdrawals. OctaFX uniquely offers OXXO cash deposits. All recommended brokers offer MT4/MT5 platforms.

What is the best forex broker in Mexico for 2026?

Exness is the best forex broker for Mexican traders in 2026, offering instant SPEI deposits and withdrawals, zero minimum deposit, and FCA regulation. OctaFX is best for OXXO cash users, and XM is best for beginners.

Key Features for Mexican Traders

Compare essential broker features for traders in Mexico.

Broker
Exness	None	MXN 0
XM	None	MXN 85
HFM	None	MXN 0
FXTM	None	MXN 170
AvaTrade	None	MXN 1,700
RoboForex	None	MXN 170
OctaFX	None	MXN 340
FBS	None	MXN 17
Pepperstone	$3.50/lot	MXN 0
IC Markets	$3.50/lot	MXN 3,400

Detailed Broker Analysis

Exness

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Recommended

Best for Mexican traders.

4.6/5App Score

Exness offers instant SPEI deposits and withdrawals for Mexican traders. Zero minimum deposit and raw spreads.

Forex spread classUltra-Low

Minimum depositMXN 0

Inactivity fee$0

Currency pairs107

Deposit methodsSPEI, Bank Transfer

Withdrawal fee$0

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XM

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Recommended

Excellent education.

4.5/5App Score

XM offers comprehensive educational resources and webinars. SPEI support for instant MXN deposits.

Forex spread classLow

Minimum depositMXN 85

Inactivity fee$5/mo

Currency pairs55

Deposit methodsSPEI, Skrill, Neteller

Withdrawal fee$0

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HFM

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Recommended

Zero minimum deposit.

4.3/5App Score

HFM offers zero spread accounts with zero minimum deposit. FCA and CySEC regulated.

Forex spread classUltra-Low

Minimum depositMXN 0

Inactivity fee$0

Currency pairs53

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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FXTM

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Recommended

Strong reputation.

4.4/5App Score

FXTM offers copy trading via FXTM Invest and excellent educational resources.

Forex spread classLow

Minimum depositMXN 170

Inactivity fee$5/mo

Currency pairs62

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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AvaTrade

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Recommended

SPEI support.

4.3/5App Score

AvaTrade accepts SPEI for instant MXN deposits. Multi-regulated (CBI, FCA, ASIC).

Forex spread classStandard

Minimum depositMXN 1,700

Inactivity fee$50/3mo

Currency pairs55

Deposit methodsSPEI, Bank Transfer

Withdrawal fee$0

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RoboForex

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Recommended

High leverage.

4.1/5App Score

RoboForex offers high leverage up to 1:2000 with CopyFX social trading.

Forex spread classUltra-Low

Minimum depositMXN 170

Inactivity fee$0

Currency pairs40

Deposit methodsBank Transfer, Skrill, Crypto

Withdrawal fee$0

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OctaFX

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Recommended

SPEI & OXXO support.

4.2/5App Score

OctaFX uniquely accepts OXXO cash deposits, allowing Mexicans without bank accounts to fund their trading.

Forex spread classLow

Minimum depositMXN 340

Inactivity fee$0

Currency pairs40

Deposit methodsSPEI, OXXO, Bank Transfer

Withdrawal fee$0

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FBS

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Recommended

Ultra-low MXN 17 min.

4.0/5App Score

FBS offers ultra-low MXN 17 minimum deposit with leverage up to 1:3000.

Forex spread classStandard

Minimum depositMXN 17

Inactivity fee$0

Currency pairs37

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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Pepperstone

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Recommended

Pro-grade execution.

4.5/5App Score

Pepperstone offers institutional-grade execution with spreads from 0.0 pips.

Forex spread classUltra-Low

Minimum depositMXN 0

Inactivity fee$0

Currency pairs97

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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IC Markets

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Recommended

Best for scalping.

4.5/5App Score

IC Markets provides true ECN execution with spreads from 0.0 pips.

Forex spread classUltra-Low

Minimum depositMXN 3,400

Inactivity fee$0

Currency pairs61

Deposit methodsBank Transfer, Skrill

Withdrawal fee$0

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Frequently Asked Questions

Yes, forex trading is legal in Mexico. CNBV (Comisión Nacional Bancaria y de Valores) regulates financial markets. Most Mexican traders use internationally regulated brokers (FCA, CySEC, ASIC).

Exness, XM, AvaTrade, and OctaFX accept SPEI instant bank transfers for Mexican traders. SPEI deposits are typically processed instantly with zero fees.

Yes! OctaFX is the main international broker accepting OXXO cash payments for Mexican traders. This allows Mexicans without bank accounts to fund their trading with cash.

To deposit MXN: 1) Login to your broker, 2) Select SPEI (instant) or bank transfer, 3) Enter amount in MXN, 4) Complete payment. Exness processes SPEI deposits instantly.

Yes! All major brokers support withdrawals to Mexican banks including BBVA Mexico, Banorte, and Santander Mexico. Exness offers instant SPEI withdrawals. Most brokers process within 24-48 hours.

Minimum deposits vary: FBS accepts MXN 17 (~$1), XM accepts MXN 85, Exness/HFM/Pepperstone have zero minimum. We recommend starting with at least MXN 500-1,500 for proper risk management.

FBS has the lowest minimum at just MXN 17 (about $1). Exness, HFM, and Pepperstone have zero minimum deposit requirements. XM follows with MXN 85 minimum.

Yes! With MXN 500 (about $28), you can open accounts with FBS, XM, Exness, HFM, or FXTM. For proper risk management, we recommend starting with at least MXN 1,000-2,500.

To start forex trading in Mexico: 1) Learn basics through free courses, 2) Choose a regulated broker like Exness or XM, 3) Open a demo account to practice, 4) Deposit via SPEI (MXN 500-1,500), 5) Start with EUR/USD. XM offers excellent Spanish education.

The best forex apps for Mexican traders are MT4 and MT5 (from all major brokers), the Exness Trader app (with SPEI), OctaFX app, and XM app. These support Spanish language.

IC Markets and Pepperstone offer the best MT4 experience in Mexico with fast execution and full EA support. Exness and XM also provide reliable MT4.

Yes! All major brokers offer MT5 in Mexico including Exness, XM, HFM, FXTM, IC Markets, and Pepperstone. MT5 has more timeframes, order types, and a built-in economic calendar.

Exness, IC Markets, and HFM have the lowest spreads in Mexico with EUR/USD from 0.0 pips on Raw/Pro accounts. These accounts charge a small commission per lot traded.

FXTM Invest, HFM's HFCopy, OctaFX Copytrading, and Exness Social Trading are the best copy trading platforms for Mexican traders. You can automatically copy successful traders with as little as $100.

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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026

Trading Styles

Execution Model

Platform & Asset

Spreads & Costs

Features & Safety

Top 10 Brokers for Mexican Traders in 2026