Can I buy Mexican stocks at Interactive Brokers as of September 2024?
Curious if you can spice up your portfolio with some Mexican stocks through Interactive Brokers? We’ve got the answer for you.
Great news: you can trade Mexican stocks at Interactive Brokers. So if you’re looking to add a little salsa to your investments, you’re in the right place.
Together with my brokerage analyst colleagues, I thoroughly tested the services of Interactive Brokers by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about trading Mexican stocks at Interactive Brokers:
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Interactive Brokers is among the few global brokers where you can trade stocks on the Bolsa Mexicana de Valores (BMV).
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Trading in Mexican stocks is rarely free, so expect to pay a fee.
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Check out the best brokers for Mexican stocks to see your top available options.
Before we begin, let's see if Interactive Brokers is available in your country:
Interactive Brokers is one of the select brokers where you can trade Mexican stocks
Let’s say you are an adventurous investor, sipping your morning coffee while scanning global markets. You’re tired of the same old US and European stocks and want to diversify your portfolio to include companies from less major markets. So you start to wonder, “Where can I trade Mexican stocks, which brokers offer this?”
Well, bring out the tequila, because Interactive Brokers is among the small number of global brokers where you can trade Mexican stocks. If you want to diversify your investments by investing in this Latin American stock market, Interactive Brokers is a good choice.
The Mexican stock market, the Bolsa Mexicana de Valores (BMV), also known as the Mexican Bolsa or Mexbol, is the primary stock exchange in Mexico, located in Mexico City, where stocks and various financial assets are traded. It offers a diverse range of investment opportunities, including stocks, exchange-traded funds (ETFs), and bonds.
Its main stock index is the IPC (Índice de Precios y Cotizaciones), consisting of 36 prominent companies. Approximately 140 companies are listed on the Mexbol.
Trading Mexican stocks usually carries a fee
While you might be able to trade stocks commission-free at many brokers for major markets like the US and Europe, this isn't the case for all stock markets. So, if you're eyeing stocks from a less common market, like Mexico, expect to pay a bit extra. It's kind of like when you go to a specialty store for a unique beer – the rare stuff usually costs more.
Now let’s check out exactly what fees you will face when trading Mexican stocks at Interactive Brokers:
Mexican stock trading fees at Interactive Brokers: 0.1% of trade value with MXN 60 minimum
Alright, let's take a closer look at what Interactive Brokers has to offer overall. Here’s a handy table that breaks down all the essential details:
💰 Interactive Brokers stock fee class | Low |
📃 Interactive Brokers number of available stock markets | 90 |
💰 Interactive Brokers minimum deposit | $0 |
💰 Interactive Brokers inactivity fee | No |
📃 Interactive Brokers deposit methods | Bank transfer |
🗺️ Country of regulation | USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore |
🎮 Interactive Brokers demo account provided | Yes |
Data updated on September 30, 2024
Browse the best competitors for trading Mexican stocks
Is Interactive Brokers not available in your country? Not fully satisfied with it overall? Wondering if there is another broker that also offers Mexican stocks, but with better overall service and conditions?
Head over to our toplist of the best brokers for trading Mexican stocks to explore Interactive Brokers’s top competitors for diversifying your portfolio with stocks from Mexico. Browse through our curated selection of top-notch brokerages to see if you can go one better than Interactive Brokers!
FAQ
What is the largest stock exchange in Mexico?
The largest stock exchange in Mexico is the Bolsa Mexicana de Valores (BMV) - the Mexican Stock Exchange.
Can I invest in the Mexican stock market?
There are no limitations in general to invest in Mexican stocks. All you have to do is find a broker that makes this market available for you.
What are the fees for trading Mexican stocks?
The exact fee varies by broker. But expect to pay some type of commission - usually, brokers will set a percentage fee of the trade value, and also charge a minimum fee. For example, 0.2% of trade value, with a minimum of MXN 100.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Interactive Brokers stock conditions explained
- Stock trading at Interactive Brokers: an expert guide and rating
- Interactive Brokers penny stocks trading conditions explained
- Interactive Brokers bond availability
- ETF trading conditions at Interactive Brokers explained
- Interactive Brokers fractional shares trading conditions explained
- Are margin interest rates low at Interactive Brokers?
- Interactive Brokers cash interest rate
- Interactive Brokers ESG investing
- Interactive Brokers invest $100,000
- Interactive Brokers IPO accessibility
- Interactive Brokers US stock trading details
- Interactive Brokers Australian stocks trading availability
- Interactive Brokers Canadian stocks trading availability
- Interactive Brokers Japanese stocks trading availability
- Interactive Brokers French stocks trading availability
- Interactive Brokers Italian stocks trading availability
- Interactive Brokers Swiss stocks trading availability
- Interactive Brokers Hong Kong stocks trading availability
- Interactive Brokers Dutch stocks trading availability
- Interactive Brokers Spanish stocks trading availability
- Interactive Brokers Singapore stocks trading availability
- Interactive Brokers Swedish stocks trading availability
- Interactive Brokers Norwegian stocks trading availability
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.