The aquariums industry is a trade that is expanding. Although there is no accurate information regarding the figures of the aquarium industry in the international scenario, it is estimated to generate revenues over US$ 300 million with an annual growth rate of 14%. Approximately US$ 28 to 44 million of this amount is generated by the ornamental marine fish trade. However, the trade in marine species has aroused controversy regarding the extraction of almost all traded marine organisms from wild populations and, in many cases, illegally. This paper presents a review that includes: the ornamental marine fishkeeping history, the species of commercial importance, the international trade scenario, risks of the aquarium industry, conservation strategies, and the current situation of this trade in Mexico. The last section focuses on describing the development and market prospects of the marine aquarium trade. Additionally, some initiatives from academic and private institutions aimed at developing sustainable aquaculture on ornamental marine fish species of commercial importance in Mexico are provided.