colmexpro137x66

Regulation CySEC
Accepts US Clients: No
Min. Deposit: $250
Platforms: MT4 , In House
Overall rating: 4.16/5

Broker Overview

Company Information

Company Information

Broker’s Name ColmexPro
Website www.colmexpro.com
Headquartered in London
Founded in 2004
Regulating Authority CySEC
US Clients Accepted  No
Telephone Number 44 20 37696793
Fax Number 44 20 37696794
E-mail Address Support@colmexpro.com

Account Options

Type of Broker No dealing desk
Commission Yes
Mini Account  Yes
VIP Account  Yes
Segregated Account  Yes
Islamic Account (Swap Free)  Yes
Demo Account  Yes
Institutional Accounts  Yes
Managed Accounts  Yes
Maximum Leverage  Yes
Minimum Deposit $250
Deposit Options Bank Wire Transfer , Credit Card , Skrill
Withdrawal Options Bank Wire Transfer , Credit Card , Skrill

Bonus & Rewards

No Deposit Bonus  No
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  No
Other Bonuses  Yes

Trading Platform

Platform Type MT4, In House
Platform Languages English, Spanish, Russian, French
OS Compatibility Windows
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading  Yes
Trade From Charts  No
Market Commentary  Yes
E-mail Alerts  Yes
Mobile Alerts  Yes
Scalping  Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  No
Guaranteed Limit Orders  No
Guaranteed Fills  No
Interest on Margin  Yes
One-Click Execution  Yes
OCO Orders  Yes

Customer Service

Customer Support Languages English, Russian
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

ColmexPro Review

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ColmexPro Review


Colmex Pro is a financial services provider that specializes in providing online trading services for spot forex and Contract for Differences (CFDs). They are based in Cyprus and are regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license #123/10.

Strategically located at the crossroad between Africa, Asia and Europe, Colmex Pro is well positioned to cater to the trading needs of their clients regardless of where they are based. With a wide range of trading platforms that are available at Colmex Pro, traders can be assured that their transactions will be executed in an efficient and expeditious manner.

Colmex Pro are also registered with the following regulation authorities:

FCA – United Kingdom, registration number  547535
BaFIN – Germany, registration number 124339.
CNMV – Spain, registration number 2855.
ACPR – France, registration number  73709

Trading Platforms

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As mentioned earlier, Colmex Pro has provided their traders with a selection of trading platforms. These include:

 

  • Colmex Expert

A robust trading platform with a comprehensive charting package as well as 100 over technical indicators

  • Colmex Expert Mobile

A mobile version of the Colmex Expert designed specifically for those who want to trade on the go.

  • Colmex MT4

This is the industry standard trading platform for trading spot forex and CFDs. The platform is also customizable for automated trading using what is known as “Expert Advisors” (EAs).

  • Colemex MT4 Mobile

A mobile version of the MT4 which is optimized for mobile devices

  • Colmex ProTrader

An advanced trading platform that offer near instantaneous execution of trading orders

  • Colmex ProTrader CFD

Professional traders wishing to trade CFDs can do so using this version of the ProTrader. Prices are provided in real time to enable traders to seize the trade when the opportunity arises.

 

Account Types

For forex trading, there are 3 types of trading accounts available at Colmex Pro. They consist of:

 

  • Semi Standard Account
  • Standard Account
  • VIP Account

The minimum deposit requirements for these trading accounts depend on the type of commission plans that are selected by the traders. For more information on the minimum deposit requirements, please refer to the following section on Commission & Spreads below.

 

For trading equities and CFDs, Colmex Pro has provided a separate type of trading account called Live Equities/CFD account. The minimum deposit requirement for this account is $250.

 

Commission & Spreads

The minimum spreads for currency trades starts from a minimum of 0.9 pips. As for the commissions charged by Colmex Pro, they have several different plans.

 

Commission Charges for Equity Trade

  • Plan A1: $4 per trade (Min 25K Deposit)
  • Plan A2: $4.5 per trade (Min 15k Deposit)
  • Plan A3: $5 per trade (Min 10K Deposit)
  • Plan B: $6.95 per trade (Min 25K Deposit)
  • Plan C: $9.95 per trade (Min 50k Deposit)
  • Plan D: $ $4-$6 per trade

 

Commission Charges for CFD trades

  • Plan A1: $1.5 per trade (10K Min Deposit)
  • Plan A2: $2 per trade (5k Min Deposit)
  • Plan A3: $2.5 per trade (250 Min Deposit)
  • Plan B: $6.96 per trade (25k Min Deposit)
  • Plan C: $9.95 per trade (50K Min Deposit)
  • Plan D: $1.5 – $2.5 per trade

 

Customer Support

Customer support at Colmex Pro is available from 7am to 9pm (GMT) from Monday to Friday. Traders can contact the support team through fax, email or call them on the phone with the telephone numbers provided below:

 

  • Cyprus:           +357 25 030036
  • United Kingdom:       +44 20 37696793
  • Australia:        +61 288 805999
  • Canada:          +1 647 4985614, +1 855 4625335 (Toll-Free)

 

There is also the option to request remote assistance. In order to be able to use remote assistance, you need to download and install the remote assistance software provided by Colmex Pro onto your computer.

 

Pros

  • Interbank Spreads
  • Regulated by CySEC
  • Multiple choices of trading platforms
  • No restrictions on trade placement
  • News Trading Supported
  • Level2Cfd on American stocks

 

Cons

  • Confusing Commission structure
  • Localized support limited to a handful of countries only
  • No Multi lingual Support

 

Conclusion

As a regulated broker under the jurisdiction of CySEC, traders can be assured that Colmex Pro has met all the stringent requirements imposed upon it by CySEC. In addition, their money is safe with this broker as they are kept in segregated accounts. As for their services, Colmex Pro has provided traders with an extensive range of selection with regards to trading platforms as well as trading accounts. Nevertheless, due to the complexity of their product offerings, this broker is more suited for the more experienced traders rather than beginners.

 

1 Comment

  1. FX Monkey says:

    forextradingtime.com/colmexpro-colmex-pro-is-a-financial-services-provider-that-specializes-in-providing-online-trading-services-for-spot-forex-and-contract-for-differences-cfds-they-are-based-in-cyprus

     

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