Dear traders,
You asked, and we delivered - in response to an increasing number of requests, Admiral Markets is expanding its Forex offering to include another new currency pair:
- USD/MXN - The US dollar crossed with the Mexican peso
The MXN ranks eight in global liquidity, behind the USD, the Euro, the Japanese yen and the British pound, and its most popular currency pairing is with the US dollar. However, it still offers great opportunities for traders wanting to speculate on Central American markets.
This latest addition to the suite of instruments available in our Trade.MT5 account brings our Forex offering up to over 40 currency pairs. The USD/MXN will be available for trading from May 6, 2020 and has the following specifications at launch:
- Leverage: Up to 1:5
- Minimum contract size: 0.01 lots
- Minimum margin (per 1 lot): USD20,000
Given the current volatility in the markets, please be sure to check the Contract Specifications of any new instrument before you start trading, and ensure you have a strong risk management strategy in place.
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