This article argues that an “invisibility bargain” constrains migrants’ identities and political participation, demanding their economic contributions plus political and social invisibility in exchange for tolerance of their presence in the host country. In response, migrants negotiate their visible identity differences, minimize social distance from the host population, and build informal coalitions with non‐state brokers to avoid citizen backlash against overt political activism. Examining Colombian forced migrants in Ecuador, the article challenges state‐centric governance approaches, underscoring migrant agency in negotiating identity to influence social hierarchies, coexistence, and human security. Its findings advance the broader understanding of migration in the Global South.