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Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via partner codes. Premier clients earn 200-600 EXD.
Verified Jun 15, 2026
Best Carry Trade Forex Brokers in Mexico
Last updated September 2, 2026
The top regulated brokers offering Carry Trade accounts to Mexico traders — compared on spreads, fees, regulators, and minimum deposit.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated by CNBV, Banco de MéxicoLocal deposits: SPEI, OXXOAccounts in MXN (Mexican Peso)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
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Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Carry Trade in Mexico
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Carry Trade in Mexico
HFM
Offers Carry TradeMin. deposit MXN 0
- Offers Carry Trade
- Regulated: FCA, CySEC, FSCA
- Minimum deposit MXN 0
FCA, CySEC, FSCA
#2 · Best alternative
FXTM
Offers Carry TradeMin. deposit MXN 170
- Offers Carry Trade
- Regulated: FCA, CySEC, FSCA
- Minimum deposit MXN 170
FCA, CySEC, FSCA
Why these two
Both brokers here are confirmed to offer Carry Trade for Mexico traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Mexico.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What do Carry Trade brokers actually cost Mexico traders?
Across the 11 Carry Trade brokers available to Mexico traders on this page, the median researched EUR/USD spread is 0.2 pips, ranging from 0.0 to 1.3 pips, with 10 of those figures taken from the broker's own published specification.
Carry Trade brokers for Mexico traders
Carry trade brokers offer Mexico traders favorable swap rates — earn positive overnight interest by buying high-yield currencies and selling low-yield ones. Our current ranking starts with HFM where it is available, followed by FXTM, Exness, and IC Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 11 brokers for Mexico traders. The median minimum deposit across the listed brokers is $10 — low — most traders can start with a modest balance. Local oversight for Mexico traders sits with CNBV. Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. Oversight relevant to traders in Mexico sits with CNBV. Locally, traders in Mexico can fund accounts through SPEI at brokers that support them — a rail that is unavailable in most other markets. Brokers rarely offer MXN-denominated accounts, so traders in Mexico usually fund in USD and carry an FX conversion cost on deposit and withdrawal.
Country Offers
Browse All PromotionsAvailable offers for Mexico traders
Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.
Cashback / Rebate
IC Markets
ASIC (Australia)Up to $2.50/Lot Rebate + 21% Comm Off
Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.
Verified Jun 15, 2026
FXTM
FCA (UK)$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Verified Jun 15, 2026
Mexico Trading Guide
Regulated by
CNBV, Banco de México
Legal status
Legal - International brokers commonly used
Accounts in
MXN (Mexican Peso)
Popular pairs
EUR/USD, USD/MXN, XAU/USD
Available in Mexico
SPEIOXXOBanorteBBVA MexicoSantander MexicoCIE Bancomer
Skrill
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Quick Rankings
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FIND MY BROKERKey Features for Mexican Traders
11 brokers · how we rank
Compare essential broker features for traders in Mexico.
| Broker | Withdrawal | Commission | Open time | USDJPY | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 | MXN 0 | 24 hours | None | Same day | 0.0 | No tier-1 licence listed | ||
| 0.1 | MXN 170 | 24 hours | None | Same day | 0.1 | No tier-1 licence listed | ||
| 1.0 | MXN 0 | Instant | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.0 | MXN 3,400 | 24-48 hours | $3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 1.6 | MXN 85 | 24 hours | None | Same day | 1.4 | No tier-1 licence listed | ||
| 0.0 | MXN 170 | Instant for most electronic methods | None | Same day | 0.0 | No tier-1 licence listed | ||
| 0.9 | MXN 1,700 | 1-2 business days | None | 1-3 days | 1.0 | No tier-1 licence listed | ||
| 0.1 | MXN 0 | 1-2 business days | $3.50/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Commission-based) | $10 | 1-5 business days | From 0.003% per trade | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed |
Rank 01 · best overall
Spread
0.0
Min dep.
MXN 0
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.0
Rank 02
Spread
0.1
Min dep.
MXN 170
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
0.1
Rank 03
Spread
1.0
Min dep.
MXN 0
Withdrawal
Instant
Commission
None
Open time
Same day
USDJPY
1.0
Rank 04
Spread
0.0
Min dep.
MXN 3,400
Withdrawal
24-48 hours
Commission
$3.50/lot
Open time
1 day
USDJPY
0.0
Rank 05
Spread
1.6
Min dep.
MXN 85
Withdrawal
24 hours
Commission
None
Open time
Same day
USDJPY
1.4
Rank 06
Spread
0.0
Min dep.
MXN 170
Withdrawal
Instant for most electronic methods
Commission
None
Open time
Same day
USDJPY
0.0
Rank 07
Spread
0.9
Min dep.
MXN 1,700
Withdrawal
1-2 business days
Commission
None
Open time
1-3 days
USDJPY
1.0
Rank 08
Spread
0.1
Min dep.
MXN 0
Withdrawal
1-2 business days
Commission
$3.50/lot
Open time
Same day
USDJPY
0.1
Rank 09
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
Commission
$0 (Spread only on most products)
Open time
—
USDJPY
—
Rank 10
Spread
0.0 pips (Commission-based)
Min dep.
$10
Withdrawal
1-5 business days
Commission
From 0.003% per trade
Open time
—
USDJPY
—
Rank 11
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
Commission
Confirm current terms directly
Open time
—
USDJPY
—
We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
HFM Review Summary
HFM offers zero spread accounts with zero minimum deposit. FCA and CySEC regulated.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
FXTM Review Summary
FXTM offers copy trading via FXTM Invest and excellent educational resources.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 170
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Exness Review Summary
Exness offers instant SPEI deposits and withdrawals for Mexican traders. Zero minimum deposit and raw spreads.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
IC Markets Review Summary
IC Markets provides true ECN execution with spreads from 0.0 pips.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 3,400
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
XM Review Summary
XM offers comprehensive educational resources and webinars. SPEI support for instant MXN deposits.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 85
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
RoboForex Review Summary
RoboForex offers flexible leverage options with CopyFX social trading.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 170
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
AvaTrade Review Summary
AvaTrade accepts SPEI for instant MXN deposits. Multi-regulated (CBI, FCA, ASIC).
Pros
- Regulation varies by entity
- Minimum deposit: MXN 1,700
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Standard — compare account types before opening
Pepperstone Review Summary
Pepperstone offers institutional-grade execution with spreads from 0.0 pips.
Pros
- Regulation varies by entity
- Minimum deposit: MXN 0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5
Deriv Review Summary
Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for zero-spread commission-based traders.
Min Deposit$10
Libertex Review Summary
Libertex is a multi-regulated broker with Libertex Web, Libertex Mobile, MT4, MT5 access, 0.0 pips (Commission-based) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Frequently Asked Questions About Carry Trade Forex Brokers in Mexico
Frequently Asked Questions
The best carry trade brokers for Mexico in 2026 include IC Markets and Pepperstone (competitive swaps), IG (transparent overnight rates), and Exness (extended swap-free option on select pairs).
Traditional carry pairs: AUD/JPY, NZD/JPY, USD/JPY (when rate differential favors USD), MXN/JPY, ZAR/JPY. The best pair depends on current central bank rates.
Earnings depend on: the interest rate differential, position size, and how long you hold. A 5% annual rate differential on a $100,000 position earns roughly $13.70/day before broker markup.
Yes — you profit from interest BUT can lose from price movement. Carry trades can unwind violently during risk-off events (e.g., 2008 JPY crisis). Use stop-losses and moderate leverage.
Forex settles T+2, so Wednesday positions include weekend holding costs. Most brokers charge/credit triple swap on Wednesday night. Plan entries around this if running carry positions.
No — some brokers charge negative swaps on both sides or offer very poor swap rates. Swap rates vary significantly between brokers. Always compare before opening carry positions.
Forex trading in Mexico: Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. The market is overseen by CNBV. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.
Top Searched Questions
How does forex trading work in Mexico?
Forex trading in Mexico is regulated by the CNBV (Comisión Nacional Bancaria y de Valores). Mexican traders can access international brokers that offer MXN accounts and local payment methods like SPEI transfers. Check for CNBV registration or verified international regulation before depositing funds.
Information automatically localized based on "forex trading mexico" and related trends.
Sources & References
- Exness — published spread specification— Exness (2026)
- Pepperstone — published spread specification— Pepperstone (2026)
- XM — published spread specification— XM (2026)
- IC Markets — published spread specification— IC Markets (2026)
- AvaTrade — published spread specification— AvaTrade (2026)
- HFM — published spread specification— HFM (2026)
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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. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
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 the country-acceptance status captured in our latest eligibility checks.
How we measured this — Carry Trade brokers for Mexico traders
Across the 11 Carry Trade brokers available to Mexico traders on this page, the median researched EUR/USD spread is 0.2 pips, ranging from 0.0 to 1.3 pips, with 10 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.2 pips
- Brokers measured
- 11
- Linked to broker spec
- 10 of 11
- Data as of
- 2026-09-02
Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.
Sources: get.exness.help · pepperstone.com · xm.com · icmarkets.com · avatrade.com · hfm.com · fxtm.com · roboforex.com · www2.deriv.me · libertex.org
What changes locally
- Oversight relevant to traders in Mexico sits with CNBV.
- Locally, traders in Mexico can fund accounts through SPEI at brokers that support them — a rail that is unavailable in most other markets.
- Brokers rarely offer MXN-denominated accounts, so traders in Mexico usually fund in USD and carry an FX conversion cost on deposit and withdrawal.