Mexico Forex Brokers

• Country: Mexico
• Language: Spanish
• Population: 124.574.795 (estimation 2017)
• GDP Total: $1.250 trillion (estimation 2018)
• GDP Per capita: $ 10,021
• Currency: Mexican Peso (MXN)
• Central Bank: Banco de Mexico, also known as “Banxico”
• Central Regulatory Authority: None

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Top Mexico Forex Brokers

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1.) Avatrade Mexico

2.) fbs.com (Mexico)

3.) eToro Mexico

Interesting Facts about Mexican Economy

• Mexico is the world’s 15th-largest economy based on nominal gross domestic product (GDP)
• Mexico is the 11th largest economy based on purchasing power parity (PPP)
• Mexico is the 13th largest exporter in the world
• Mexico also ranks as the fourth-largest economy in the Americas
• GDP Growth Rate: See Here
• The U.S. and Mexico as neighbors have historically close ties as trade partners. 81% of its exports are recieved by USA, mostly due to NAFTA Agreement (North American Free Trade Area).
• Its top industries include food and beverages, agriculture, chemicals, iron and steel, petroleum, mining, textiles, clothing, motor vehicles, consumer durables, and tourism.
• Mexico is the world’s 8th largest producer of oil, producing almost 3 million barrels per day
• Mexican public debt is 56.81% of GDP (estimation 2016). You can see here more…
• Income inequality in Mexico is really high. Whilst the four richest men have increased their share of GDP from 2% to 9% in less than ten years, 53% of the country live below the poverty line…
• Government corruption, elimination of the drug trade and income inequality remain major Mexico economy challenges

 

Online Forex Trading in Mexico

• Online Forex Trading is not so popular among mexicans. Only 45,1% of population uses internet (estimation 2015). Only 36.8% of population uses smartphones.
• USD/MXN currency pair represents 2% of all Forex trading volumes.
• There is no traditionally, widely accepted nickname for the USD/MXN pair. However, since late 2016, it has been associated with the nickname the “Trump Trade” because of volatility prompted by changes in US-Mexico trade policies proposed by U.S. President Donald Trump.
• There is no law or regulation in Mexico barring mexican citizens from trading real money in a foreing brokerage account.
• Almost all Forex Brokers accept Mexican citizens as traders, however it is more safe to trade real money in a top regulated Forex Broker.
• Otherwise you can start a real trading account in an offshore forex broker or you can trade anonymously using Bitcoins.

Google Keywords Related to Forex Trading in Mexico

• Casa de cambios = currency exchange
• Ganancias Forex = Forex earnings, profits

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