Trading time (UK time) 10:00 PM Sunday - 10:00 PM Friday
* Only if Margin Level > 100%
The spreads provided are a reflection of the time-weighted average from 09:00AM - 21:00 PM (GMT) for the period of 01/8/2019 – 25/8/2019. Though TNXTrade attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal forex trading conditions. TNXTrade has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
Outside of Mexico, the USD/MXN currency combination is rarely traded, yet it can be an ideal choice for those who trade with a high-risk strategy. The pair performance depends on two of the world major economies: Mexico and the USA. The financial statuses of these regions are driven by highly divergent factors. For this reason, USD/MXN can be the perfect choice for the experienced traders.
Mexico is among the 10 largest oil-producing countries in the world. Due to these circumstances, it deliberately binds the cost of the Mexican peso to the oil prices. This state actively uses its impressive oil reserves not only in trading but also on the international arena, when concluding various contracts and processing loans. It is worth noting that international lenders are more actively taking the risks of countries that have a dominant oil industry.
Keep in mind that the Mexican peso is very similar to the Russian rouble: it always painfully reacts to the decrease of the oil prices.
If you are interested in trading the USD/MXN currency pair, contact TNXTrade today and open trading account in several minutes to test your trading strategy.
Trade CFDs on Forex, Shares, Futures, Spot Indices, Spot Metals and Spot Energies.
Benefit from ultra-fast order execution with most orders executed in under 11.06ms.
Trade with a broker that has been repeatedly recognized for the quality of its services.