Investing in the stock market has never been easier, thanks to the numerous online trading apps available today. Among all the options available, you will need to make a choice, and finding the best trading app in Mexico can be difficult.
Fortunately, we successfully analyzed many trading apps before and conducted multiple trading app reviews so that we can clarify some of your doubts and help you make an informed decision! In this article, we listed the best stock trading apps in Mexico, comparing their specificities and highlighting their strengths.
Best stock trading apps in Mexico
Interactive Brokers | Best for intermediate and advanced investors
Online broker with a sophisticated trading platform that offers a wide range of products. The company, founded in the US, provides the app IBKR GlobalTrader, which is ideal for beginners.
XTB | Best for forex and CFDs
Headquartered in Poland and listed on the Warsaw Stock Exchange, XTB offers access to a range of CFDs on stocks on its trading app, where you can also trade Forex at a competitive price.
Best stock trading apps in Mexico compared
| Broker | Fees on stocks | Minimum deposit | Trading apps | Stocks available for trading |
| Interactive Brokers | Between $0.0005 and $0.0035 per US share (min. $0.35) | MXN 0 | IBKR GlobalTrader, Impact and IBKR Mobile | ✔ |
| XTB | $0 on the CFDs on stocks (0.30% markup included on the spread) | $0 | xStation 5 | ✘ (Only CFDs on stocks) |
#1 Interactive Brokers (IBKR GlobalTrader)
Interactive Brokers at a glance
Interactive Brokers has proven to be one of the most reliable brokers in the market. The company was founded over 40 years ago and survived many financial crises, making it a well-established and trustworthy broker regulated by many top-tier regulators. They offer their services in Mexico, allowing you to invest internationally, including the Mexican markets.
The broker offers trading apps to trade stocks with sophisticated and powerful tools, a wide range of products available for trading, and low prices through different mobile apps and web-based platforms that should be used according to your knowledge and experience. The mobile app IBKR GlobalTrader is a user-friendly app suitable for beginners because it simplifies investments without losing the powerful tools for which the broker is famous.
If you want to make the most out of the broker’s powerful tools, you can use the IBKR Mobile, a complete and sophisticated trading app to trade stocks, ETFs, and options. As the features of this app can be overwhelming for beginners, we would recommend the IBKR GlobalTrader if you do not have a lot of experience.
In addition to the mobile apps, you will also find a desktop app and web-based apps with sophisticated trading tools to access the Mexican and global financial markets. Overall, we believe that Interactive Brokers offers one of the best stock trading apps in Mexico, and you can find what you are looking for, irrespective of your needs!
If you are interested and want to know more about the broker, please check our Interactive Brokers review.
Interactive Brokers Mobile App
#2 XTB
XTB at a glance
XTB is a company founded in 2002 in Poland that offers CFD stock trading apps in Mexico through the subsidiary XTB International Limited, authorized and regulated by FSC (Financial Services Commission of Belize – license number 000302/316). It is essential to consider the safety of a platform when choosing the best stock trading apps in Mexico, so we note that XTB is also licensed in many other jurisdictions and regulated by top-tier authorities such as the FCA.
The award-winning trading app XStation, available for mobiles and desktops, enables you to trade a wide range of instruments, gives you access to several technical analysis tools, allows you to copy the trades of other investors, and provides you with comprehensive educational resources. However, you will only be able to buy CFDs on stocks. Therefore, you will not have direct exposure to stocks, only indirect exposure via the derivative. We must note that this is a complex and risky financial instrument in which most investors lose money when trading on the platform.
In any case, with no commission on the CFDs on stocks, no minimum deposit, great educational resources, and a free demo account that can be used for a month, XTB is a good and reliable option for beginners and advanced investors, provided that you understand the risk of investing in CFDs. This puts the platform in fourth place on our list of best stock trading apps in Mexico.
If you still have any doubts about the broker, do not forget to check our XTB review!
XTB Mobile App
Methodology
When making this list, we wanted to help investors in Mexico make an educated choice when choosing the best stock trading app. Each of the trading apps we presented has its main features, and we tried to provide a diverse list that will suit the needs of different profiles of investors. In any case, this is what we took into consideration:
- Prices: the price cannot be the only aspect to be considered when choosing the trading app to invest in, but it is definitely important. You do not want to pay more for a service when you can get the same quality for cheaper prices;
- Educational resources: high-quality educational resources may be a great advantage, especially for beginners, who can use them to educate themselves before investing money;
- Range of products and markets available: Does the app offer real stocks and ETFs, or only CFDs? Does it have crypto?
- Customer service: irrespective of your choice, problems almost always appear, and it is important to find trading apps developed to help you when it does happen;
- The trading app itself: of course, we took into consideration the functionalities and usability of the platform, as well as its specific features;
- Security: all platforms in the list are regulated by top-tier authorities.
The Bottom Line
To summarize, here’s the list of “Best stock trading apps in Mexico”:
Best stock trading apps in Mexico
| #1 | Interactive Brokers | Best for intermediate and advanced investors |
| #2 | XTB | Best for forex and CFDs |
It is hard to choose the right stock trading app in Mexico. Luckily, we have helped many people in the same situation before, and we can help you now. To facilitate your choice, we listed a few of the best stock trading apps in Mexico, in our opinion, comparing what they can offer and highlighting their strengths.
We know that trading stocks is a good way to achieve financial freedom, but risks are involved like everything in life. We hope that our analysis was enough to help you make an educated decision acknowledging those risks, whether you are experienced or a novice in the trading world.
In any case, keep on studying, do due diligence, know your investment profile, and invest wisely!
Other FAQs
What is the difference between a stock and a stock CFD?
While the stock gives you a property right over a share of the company, the CFD does not. The stock CFD is a derivative contract where the underlying asset is the stock and where the broker promises to pay you back the difference in value between the time you opened the position and the time you close it. CFDs have a leverage effect: if you buy a stock CFD and its price goes down, you will need to borrow money from the broker to keep the position open. This makes the instrument a risky option that is not suitable for beginners.
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
