SIC (Sistema Internacional de Cotizaciones): Who Qualifies and What You Get
Learn how the SIC allows you to invest in major international companies using Mexican Pesos without needing a foreign bank account.
The SIC is a system that allows you to buy shares of major international companies directly through the local stock market.
Who it's for
This is for investors who want to purchase foreign stocks, such as large global technology or automotive companies, using Mexican Pesos (MXN).
What you get
You gain access to international equities through your local brokerage. This means you can own pieces of global companies without the need to open a foreign bank account or deal with international wire transfers.
What it costs you
There are no specific government fees for using this system, but you will be responsible for paying the standard brokerage fees charged by your financial provider.
The catch to know
Because you are buying international assets using MXN, you are exposed to currency risk. This means that even if the stock price stays the same, you could gain or lose money based on how the exchange rate fluctuates between the peso and the foreign currency.
How to apply
- Open an investment account with a local brokerage.
- Search for the specific international company or ticker symbol within the platform.
- Place your order using your available MXN balance.