ECN trading accounts enjoy wide popularity both among beginners and experienced traders. These accounts allow traders to save on fees and also ensure quick order execution. Traders Union analysts have prepared the rating of the best ECN brokers in Mexico. Experts analyzed companies based on more than 100 criteria. The specialists singled out the most reliable brokers with attractive trading conditions.
The most reliable brokers in Mexico by TU include the following:
FP Markets provides its services worldwide and adjusts its trading conditions subject to the requirements of supervisory authorities.
The HFM broker focuses on traders from Europe. The company offers a variety of investment options and is suitable for both novice and professional traders.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
ForexTime is a progressive broker that actively uses innovative technologies to provide the best trading terms for traders, regardless of their trading experience. ForexTime fits both novice and experienced traders. The company provides its services in 150 countries and ensures full safety and security of its clients' funds because they are kept in segregated accounts.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
Best ECN brokers in Mexico in 2024
| FP Markets | HFM | XM Group | FXTM | FxPro | |
|---|---|---|---|---|---|
Trading platform |
MetaTrader 4, MetaTrader 5, cTrader, and Iress for Australian residents |
MetaTrader 4, MetaTrader 5, Webtrader, Mobile Trading and HFM Platform |
МТ4, МТ5 (desktop, web, and mobile versions), and XM App for smartphones and tablets |
MetaTrader 4, MetaTrader 5, FXTM Trader |
MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
Min deposit |
$100 |
No |
$5 |
$10 |
$100 |
Leverage |
From 1:1 |
From 1:400 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 0.0 points |
From 0.0 points |
From 0.6 points |
From 0.0 points |
From 0.0 points |
Level of margin call / stop out |
No |
50% / 20% |
100% / 50% |
50% / 80% |
25% / 20% |
Execution of orders |
Market Execution |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
Yes |
Yes |
No |
ECN is an electronic communication network which is used to process the trades of traders. There is no dealing, which is used by classical brokers. Such companies earn a profit exclusively from the fees paid by the traders. Therefore, they are directly interested in making sure that the client trades as long as possible and does not lose the deposit fast.
The ECN technology does not allow the broker to interfere with the process in any way. Traders work directly with the liquidity providers, i.e. the largest banks and financial institutions. Liquidity improvement is achieved through an increased number of trades, and not the trading volume. The spreads are floating on ECN accounts and they are better compared to classical brokers with dealing centers.
1
Best ECN broker in Mexico - FP Markets
The FP Markets trademark is managed by FP Markets LLC registered in 2019 in St.Vincent and the Grenadines under number 126 LLC 2019. It is part of FP Markets Group with its head office in Sydney which was opened in 2005. Today, the brokerage holding firm operates using ECN (Electronic Communication Network) and DMA (Direct Market Access) technologies. It is regulated by ASIC, MISA, FSCA | South Africa, FSA | Seychelles, and FSC | Mauritius. FP Markets offers over 10,000 CFDs, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Iress, and leverage up to 1:500. The broker doesn’t provide its services to residents of the U.S. and the countries that are on sanction lists.
👍 Advantages of trading with FP Markets for traders from Mexico:
•Trading accounts in 10 currencies;
•Licenses from 5 jurisdictions;
•Negative balance protection for retail traders;
•Account types with different approaches to trading fee calculation;
•Copy trading, hedging, scalping, and expert advisors are allowed;
•Trading platforms customized for CFD and Forex trading;
•Wide choice of payment systems for making deposits and withdrawals.
👎 Disadvantages of FP Markets for traders from Mexico:
•Cent accounts are not available;
•If the broker fails to fulfill its obligations, compensation for losses is available only to traders from the EU;
•Spreads on the Standard account are not the tightest on the market.
FP Markets Commissions & Fees for traders from Mexico
The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.
FP Markets Commissions and Fees in Mexico
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard |
$10 |
Fees of payment systems and banks |
Raw |
$0 |
Fees of payment systems and banks |
2
Best ECN broker in Mexico - HFM
HFM is a broker owned by the HF Markets Group, offers a wide variety of account types, and has the widest selection of trading assets and high-quality software. HFM also has favorable trading conditions and instant execution of orders. Plus, a solid list of tools and services allow everyone to choose the best option. The broker's reliability is confirmed by the license of several regulators. The company's work experience in the financial, brokerage and other services market is over 10 years. Within that time, HFM has received 35 prestigious awards. For trading, MetaTrader 4 and MetaTrader 5 trading terminals are used.
👍 Advantages of trading with HFM for traders from Mexico:
•favorable trading conditions and low spreads - from 0 pips;
•controlled by several regulators;
•no commissions for account replenishment and bank transfers.
👎 Disadvantages of HFM for traders from Mexico:
•Withdrawal terms do not always correspond to those indicated;
•Few account currencies, which is why some clients have to pay for double conversion;
•The choice of electronic payment systems for replenishment/ and withdrawal is rather modest;
•Registration is quite easy, but while it is in progress, you cannot learn the conditions on other types of accounts;
•Customer support is closed on weekends.
HFM Commissions & Fees for traders from Mexico
The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.
HFM Commissions and Fees in Mexico
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Zero spread |
From $0 |
No |
Cent |
From $12 |
No |
Premium |
From $12 |
No |
PRO |
From $5 |
No |
3
Best ECN broker in Mexico - XM Group
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth, has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted more than 5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
👍 Advantages of trading with XM Group for traders from Mexico:
•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
•no “markup” on narrow market spreads (broker's margins over the spread);
•over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
•no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
•around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group for traders from Mexico:
•passive investment services (social trading platform, PAMM accounts);
•expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
XM Group Commissions & Fees for traders from Mexico
The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.
XM Group Commissions and Fees in Mexico
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
XM Ultra Low Micro |
From 6 USD |
No |
XM Ultra Low Standard |
From 6 USD |
No |
XM Zero |
From 0 USD |
4
Best ECN broker in Mexico - FXTM
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission, 185/12), South African FSCA (Financial Sector Supervision Authority, 46614), UK FCA (Financial Conduct Authority, 777911), and FSC (Mauritius Financial Supervisory Commission, C113012295). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
Over 2 million traders worldwide cooperate with ForexTime (FXTM). The minimum deposit on the Micro account is $10, which allows novice traders to master the basics of trading and study the operational principles of the Forex market with comfort and without large investments.
👍 Advantages of trading with FXTM for traders from Mexico:
•a wide range of trading accounts;
•a large number of training materials;
•the ability to use automated programs in trading.
•the minimum deposit is $10;
•the most popular trading platforms are MT4 and MT5;
•proprietary application for mobile trading is the FXTM Trader;
•the ultra-low spreads are from 0.0 pips;
•a huge choice of trading instruments is present;
•supervision of the broker’s activities is by major financial regulators in four jurisdictions;
•professional support.
👎 Disadvantages of FXTM for traders from Mexico:
•for investment, only copy trading is offered;
•the broker is closed on Saturday and Sunday.
FXTM Commissions & Fees for traders from Mexico
The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.
FXTM Commissions and Fees in Mexico
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Micro |
From $15 |
Depends on the payment system |
Advantage |
From $0,4 |
Depends on the payment system |
Advantage Plus |
From $15 |
Depends on the payment system |
5
Best ECN broker in Mexico - FxPro
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC, 078/07 (Cyprus), Bahamas SCB (SIA-F184), FCA, 509956 (UK), and South African FSCA (45052). FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The broker has over 2,100 trading assets in its pool, including cryptocurrencies, which are subject to the account type. The basic set of assets is available on cTrader accounts, the full set is available on accounts opened on MT4 and MT5. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
👍 Advantages of trading with FxPro for traders from Mexico:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders from Mexico:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
FxPro Commissions & Fees for traders from Mexico
The fees are the key source of income for ECN brokers. Before choosing a broker, it is important to evaluate the levels of commissions and fees, which the broker offers on different accounts, including ECN.
FxPro Commissions and Fees in Mexico
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
FxPro MT4 Instant |
From $10 |
0 |
FxPro MT4 Fixed |
From $5 |
0 |
FxPro MT5 |
From $5 |
0 |
FxPro cTrader |
From $3 |
0 |
FxPro Platform |
From $1 |
0 |
ECN account pros
Brokers offer simultaneously classic and ECN accounts. However, working through ECN is more beneficial.
The key benefits of this solution include the following:
-
Narrow spreads. The spreads on ECN accounts are lower than on classic trading accounts.
-
Reliability. Brokers have no impact on users’ trades on ECN accounts.
-
No requotes. Brokers make a withdrawal for each trade to the contracting party that offers the best quotes at the specific moment.
-
High liquidity. Trading conditions are more beneficial than on classical accounts; liquidity is achieved at the expense of the number of trades performed through ECN.
-
Impossibility to manipulate quotes. Traders receive direct access to quotes from liquidity providers.
Conclusions
ECN accounts can make trading in financial markets more profitable. Thanks to low fees and direct quotes from liquidity providers, traders can buy and sell assets at market prices, with market spreads and without manipulations with quotes by brokers.
Remember that trading on ECN accounts also carries risks. A trader can lose money, open unprofitable trades, etc. However, with the right approach and trading in line with the strategy, ECN can become a reliable instrument for trading in the Forex and other markets.
Top ECN brokers in 2024 for Mexico traders
| FP Markets | HFM | XM Group | FXTM | FxPro | |
|---|---|---|---|---|---|
Overall score |
7.64 |
8.09 |
8.28 |
8.17 |
8.5 |
Execution of orders |
8.05 |
9 |
9.35 |
8 |
8.25 |
Investment instruments |
8.69 |
8.91 |
8.7 |
8.94 |
8.9 |
Withdrawal speed |
7.71 |
8.86 |
7.9 |
7.14 |
6.5 |
Customer Support work |
7.42 |
5.42 |
8.5 |
8.91 |
8.9 |
Variety of instruments |
6.42 |
7.37 |
8.02 |
7.02 |
9.27 |
Trading platform |
7.57 |
8.95 |
7.2 |
8.98 |
9.2 |
FAQs
Is ECN suitable for a beginner?
Yes, ECN is beneficial for a beginner, because it has minimum trading fees and no requotes.
How does ECN work?
ECN provides direct access to liquidity providers, which means that traders work with minimum involvement of the broker. This ensures narrow spreads and protection of the client against manipulations with quotes.
How are trades executed on ECN accounts?
Trades are executed fully automatically. A trade is executed when the buyer and the seller with the best quotes are matched. Dealing is not required.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.