Mexico’s financial markets regulator - the Comisión Nacional Bancaria y de Valores (CNBV) - does not yet have a regulatory framework in place for forex, and has warned local residents against investing with brokers that aren’t licensed with the CNBV. It has also made it clear that it will not process complaints of customers that trade with such brokers. That means that if you trade with a broker that is not licensed in Mexico by the CNBV, you won’t be eligible for the same protections you’d receive with a local broker. However, as local brokers don’t offer forex in Mexico, residents that decide to trade forex with a foreign broker should be sure to choose one that is highly trusted and holds multiple licenses in other countries. Learn more about how we track the trustworthiness of 60+ forex brokers by checking out our Trust Score page.