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Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

1.9
/ 5

Colmex Pro review

Updated on Sep 19, 2024
|
9 mins read

Overview

Introduction Colmex Pro is a Cyprus-based stock CFD and equities broker that provides traders with various trading platforms, including MT4 and MultiTrader. With thousands of registered clients, Colmex...
See full overview for Colmex Pro
Countries
+142
Minimum deposit
$500
Withdrawal fee
$25
Deposit fee
$0
Max insured
€20,000
Our Verdict
1.9
/ 5
Commissions & Fees
2.1
/ 5
Deposit & Withdrawal
1.2
/ 5
Customer Support
2.2
/ 5
Account Opening
1.1
/ 5
Regulation & Safety
2.9
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Colmex Pro provides traders with competitive leverage up to 1:30 for forex instruments and up to 1:20 for professional clients trading stocks.

  • The Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures that the company follows strict financial and ethical guidelines.

  • Traders can fund their accounts using various methods such as credit/debit cards, bank transfers, and online payment methods like PayPal. Withdrawals can also be made via Visa, MasterCard, or PayPal.

  • Colmex Pro offers a free demo account allowing traders to practice trading without risking real money.

Cons

  • Colmex Pro lacks educational resources such as webinars, trading guides, and other materials to help traders improve their skills.

  • Customer support is only available during weekdays and not 24/7, which could be inconvenient for traders in different time zones.

  • While the first transaction of the month under or equal to $500 is free, any following withdrawals are charged a fee of $40 (or €30 for Euro accounts), which may be high compared to other brokerage firms.

  • Colmex Pro does not offer a wide range of research tools such as news feeds, economic calendars, or sentiment indicators, which could be a drawback for traders who rely on such tools.

General details

Type of accounts
Demo accounts (with a time limit)
Standard Accounts
ECN accounts
Segregated accounts
Execution Model
MM
Deposit currency
USD
EUR
GBP
Regulatory complience
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Autotrading
Contact details
[email protected] +357 25 030036

Customer reviews

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Accounts

Colmex Pro is a brokerage firm that provides a wide range of trading accounts to cater to different types of traders. Its trading accounts are divided into logical groups and subgroups. Each group has its unique model for commission accrual and approach to determining the trading volumes.

  • Forex Account: For traders interested in the Forex market, Colmex Pro has five types of accounts with deposits ranging from $2,000 to $50,000. These accounts have no subgroups, and commissions are charged from $14.5 to $2,000 per 1 lot. Trading assets available on this account include currencies, metals, fuels, indices, stocks, agriculture, and other market assets.

  • Equity Account: Equities traders can choose from two subgroups: Tiered or fixed plans trading. Tiered plans trading has three accounts, while fixed plans trading has two subaccounts. Deposits on this account type range from $2,000 to $100,000. The volume of the position is determined in USD, and the commission is charged for 1 share or a full package. Assets traded on this account include stocks, options, indices, and other structured products.

  • Stocks CFDs account: This account is accessed through the Colmex Pro 2.0 platform, and its base currency is USD. Trading CFDs on stocks on the OTC market is the primary focus of this account type. It has two subgroups of five accounts each, with deposits ranging from $3,000 to $50,000. The tariff policy for this account type is flexible, and traders can easily choose the account that suits their trading style and preferences.

Overall, Colmex Pro offers a diverse range of account types to cater to different traders’ needs, regardless of their level of experience or trading style. Each account type is uniquely designed with features tailored to help traders achieve their financial goals.

Tradable instruments

Colmex Pro offers its clients access to a wide variety of financial products, including:

Commodities
15
Currencies
50
Cryptocurrencies
15
ETF
300
Futures
N/A
Indices
15
Stocks
2.500
Bonds
N/A
Options
N/A

Frequently asked questions

Find the right answer to your question below:

Is Colmex Pro a scam?

Colmex Pro is a legitimate brokerage firm that has been in operation since 2009. The Cyprus Securities and Exchange Commission (CySEC) regulates the company and is authorized by the Financial Services Board in South Africa as a Financial Services Provider. As a regulated brokerage, Colmex Pro must comply with strict rules and regulations to protect its clients’ funds and ensure fair trading practices. Colmex Pro has received mixed client reviews suggesting the platform isn’t a scam.

How do I open a Colmex Pro trading account?

Opening a Colmex Pro trading account is a straightforward process, and it can be done in just a few simple steps. Here’s how:

  • Visit the Colmex Pro website: The first step is to visit the Colmex Pro website and click on the “Open an Account” button.

  • Fill in the Application Form: You must complete the application form next. This will include personal information, including your name, address, and contact details.

  • Provide Supporting Documents: Colmex Pro will require documentation to verify your identity, such as a passport, driver’s license, or national ID card.

  • Choose your account type: Once your account has been approved, you must select the type of account you want to open. Colmex Pro offers different account types to suit different trading needs.

  • Fund your account: Finally, you must fund your account to start trading. Colmex Pro provides various payment options, including credit/debit cards, bank transfers, and online payment methods.

Colmex Pro compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
  • 1.9
    / 5
  • 1.2
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  • $500
  • 1:400
  • 2.1
    / 5
  • $25
  • $0
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  • CySEC
  • Yes
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Exness
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
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  • 4.9
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  • $10
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  • FCA, CYSEC
  • No
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
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  • $100
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  • 4.7
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  • $0
  • $0
  • 4.8
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  • FCA
  • Yes
  • See review
IC Markets
  • Specialized trading accounts
  • Tight Spreads
  • Low commissions
  • 4.3
    / 5
  • 4.5
    / 5
  • $200
  • 1:500
  • 4.3
    / 5
  • $0
  • $0
  • 4
    / 5
  • ASIC, CySEC
  • Yes
  • See review
Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Start trading
Risk Warning
  • 4.2
    / 5
  • 4.5
    / 5
  • 100$
  • 1:50
  • 4
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  • $0
  • $0
  • 4.5
    / 5
  • FCA, CFTC, NFA, CIRO, CIMA, CYSEC
  • Yes
  • See review
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