Accepts US Clients: No
Min. Deposit: $250
Platforms: MT4 , In House
Overall rating: 4.16/5
|Type of Broker||No dealing desk|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Credit Card , Skrill|
|Withdrawal Options||Bank Wire Transfer , Credit Card , Skrill|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||MT4, In House|
|Platform Languages||English, Spanish, Russian, French|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Russian|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
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:
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.
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 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.
- Interbank Spreads
- Regulated by CySEC
- Multiple choices of trading platforms
- No restrictions on trade placement
- News Trading Supported
- Level2Cfd on American stocks
- Confusing Commission structure
- Localized support limited to a handful of countries only
- No Multi lingual Support
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.