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Trading Mexican stocks at Zacks Trade

Your expert
Gyula L.
Fact checked by
Tamás D.
4d ago
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Can I buy Mexican stocks at Zacks Trade as of May 2024?

Yes, you can invest in Mexican stocks at Zacks Trade. This is a great feature as not all brokers make this market available.
My key findings in a nutshell
Gyula Lencsés, CFA
Stock Market • Investment • Market Analysis

I've thoroughly tested Zacks Trade services with our analyst team by opening a real-money account and these are my most important findings:

  • Zacks Trade is one of the relatively few brokers that provide access to trading Mexican stocks.
  • The cost of trading equities at Zacks Trade is low.
  • Stocks in emerging markets like Mexico present a great way to diversify your portfolio for the long term.
  • However, they carry some risks as well, such as higher volatility and lower liquidity, so make sure to do some research first.

Use our Compare Brokers tool to compare and find the best broker for your purposes. You can compare brokers along various criteria, such as stock trading fees, safety, and trading platforms.

At BrokerChooser, our analyst experts have personally reviewed and live-tested more than 100 global brokers, including Zacks Trade. The analysis involves regularly checking more than 500 data points to make certain that the presented information is always as fresh as possible. The table below includes the latest data for Zacks Trade.

Zacks Trade main highlights
🇲🇽 Mexican stocks' trading fee at Zacks Trade 0.3% of trade value with a MXN 180 minimum
📃 Zacks Trade number of available ETFs 13,000
💰 Zacks Trade withdrawal fee $0
💰 Zacks Trade minimum deposit $0
💰 Zacks Trade inactivity fee Yes
📃 Zacks Trade deposit methods Bank transfer
🗺️ Country of regulation USA
🎮 Zacks Trade demo account provided Yes

Data updated on May 15, 2024

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About the Mexican stock market

The Mexican Stock Market (BMV) 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.

Mexico is classified as an emerging market, providing growth potential for investors looking to diversify their portfolios when investing in stocks. The BMV also hosts international companies, offering exposure to global markets. Many Mexican companies offer dividends to their shareholders, creating an additional income source for investors.

Browse the list of brokers below to see which of them may also offer trading in Mexican stocks:

Benefits of trading emerging stocks

  • Potential for high returns: One of the most attractive features of emerging markets is their potential for high growth. As these economies continue to develop, there is often a surge in demand for goods and services, creating opportunities for investors to make significant returns. Additionally, emerging markets may have lower labor and production costs, making them attractive for companies looking to expand their operations. This can lead to increased profits and a rise in stock prices.
  • Diversification: Another potential benefit of investing in emerging markets is diversification. By investing in companies that are based in emerging markets, you can reduce your overall investment risk. This is because emerging markets tend to be less correlated with developed markets like the United States and Europe. If one market experiences a downturn, your investments in other markets may not be affected as much.

You can read more about portfolio diversification to know how to decrease the risks of your long term investments.

Risks of trading emerging stocks

Emerging market stocks could be a great addition to your investment portfolio, however they comes with their risks too that you should consider.

  • Lack of liquidity: Some emerging markets may have lower trading volumes compared to developed markets, leading to potential liquidity issues. This can result in wider bid-ask spreads and difficulty in executing trades at desired prices.
  • Increased volatility (this can be a benefit as well): Emerging markets tend to experience higher levels of market volatility compared to established markets. Sudden market swings can impact portfolio values and create uncertainty for investors.
  • Political instability: Emerging markets can be more susceptible to political and economic instability, which can lead to sudden changes in government policies, regulations, and economic conditions that can impact the stock market.
  • Currency volatility: Emerging countries may experience higher volatility in their currencies.
  • Higher transaction costs: Some emerging markets may have higher brokerage fees and commissions compared to more established markets. Currency conversion costs can also be higher.

Bottom line

Investing in emerging markets like Mexico offers an opportunity to diversify your investments on the long term, but you need to find the right provider as not all brokers offer access to Mexican stocks. You should also be aware of the potential risks associated with emerging market stocks, including volatility and liquidity challenges.

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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 into Mexican stocks. You have to find a broker, that makes this market available for you.

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Further reading

Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

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.

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