Colmex Pro is a regulated forex and CFD broker that offers competitive trading conditions across multiple trading platforms to traders around the globe. The broker provides online trading with no trading restrictions, transparent pricing, fair trade execution speeds and minimal slippage.

show 1 Colmex Pro Review, Pros & Cons 2 Colmex Pro Overview 3 Colmex Pro Regulation 4 Colmex Pro Countries 5 Colmex Pro Platforms 5.1 Colmex Pro MT4 5.2 Colmex Pro Multitrader 5.3 Colmex Pro Multitrader Mobile 5.4 Colmex Pro MT4 Mobile 6 Colmex Pro Trading Tools 6.1 MT4 Platform Tools 7 Colmex Pro Education 8 Colmex Pro Instruments 9 Colmex Pro Accounts & Fees 9.1 Live Equities/CFD on Equities Account 9.2 Forex & Commodities Account 9.2.1 Colmex Pro – Semi Standard Account 9.2.2 Colmex Pro – Standard Account 9.2.3 Colmex Pro – VIP Account 10 Colmex Pro Support 11 Colmex Pro Deposit & Withdrawal 11.1 Bank Transfer 11.2 Debit/Credit Cards 12 Colmex Pro: Account Opening 13 Colmex Pro Summary

Colmex Pro Review, Pros & Cons
  • Multiple powerful trading platforms
  • Regulated brokerage
  • No restrictions on trading strategies
  • Reliable trade execution speeds with minimal slippage
  • Demo accounts are limited to 14 days
  • US residents are not allowed
  • Incomprehensive training resources
  • No market news & analysis
  • Limited account funding options
  • Minimum $500 deposit requirement
  • In this detailed Colmex Pro review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

    Colmex Pro Overview

    Colmex Pro is an experienced forex and CFD brokerage brand that offers multiple trading instruments for trading over the internet. The brokerage began operations in 2010 and is headquartered in Limassol, Cyprus but has partner offices in South Africa and across Europe.

    Colmex Pro operates the ‘No dealing desk’ (NDD) brokerage model. Thus, it has partnered with several international banks and financial institutions which provide the prices displayed on its trading platforms.

    Colmex Pro provides its trading services to both retail and institutional clients. The broker boasts of excellent hardware and software infrastructures which bring about swift executions and round the clock uptime. Colmex Pro states that the ‘over-the-counter’ (OTC) market is the sole execution venue for all clients’ orders and it acts as an agent on behalf of its clients. Therefore, there is no conflict of interests between the broker and the trader.

    Colmex Pro Regulation

    Colmex Pro Ltd is a Cyprus Investment Firm (CIF) that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The license number is 123/10.

    Colmex Pro Ltd is also authorized as a Financial Services Provider by the Financial Services Board (FSCA) in South Africa. The license number is 46990.

    Colmex Pro must adhere strictly to the provisions of the regulatory authorities. All clients’ funds are maintained in segregated bank accounts which are held in the top rated international banks. The transactional records are properly audited and periodically submitted to the regulators.

    Colmex Pro is a member of the Investor Compensation Fund (ICF) for Cyprus Investment firms. This ICF serves as a form of insurance to eligible clients of Colmex Pro when the need arises. If for any reason in the future, the broker suffers a financial crisis and becomes insolvent; the ICF can compensate eligible traders/investors up to a maximum of €20,000.

    Colmex Pro Brokers Regulation

    Colmex Pro Countries

    Colmex Pro does not provide its brokerage services to residents of the United States of America. Some Colmex Pro broker features and products mentioned within this Colmex Pro review may not be available to traders from specific countries due to legal restrictions.

    Colmex Pro Platforms

    Colmex Pro MT4

    The MT4 trading platform is a powerful and popular trading platform among forex and CFD traders all over the world. It was developed in 2005 by ‘MetaQuotes Software Inc’; which is a Russian software firm. MT4 is well accepted because it is versatile, scalable, very fast and can be expanded using plugin apps built with the MQL4 programming language. The platform is available as a downloadable Windows desktop application as well as on mobile devices; Android and iOS.

    Colmex Pro MetaTrader 4 (MT4) Platform

    MT4 features charting and analytical capabilities, multiple order management as well as automation of strategies using software expert advisors (EAs). It also supports the scripting, purchase and deployment of technical indicators and other software tools needed by traders.

    Colmex Pro Multitrader

    Colmex Pro is a modern trading platform that offers swift order executions and real-time quotes in dynamic displays. The platform is user friendly and offers the following features:

  • Available in 11 languages.
  • Live market data.
  • Displays up to 20 top performers.
  • Market depth up to level 2 quotes for equities and options.
  • Multiple order types including stop, limit and stop-limit orders.
  • Features basket trading which enable a trader to buy several stocks in one order.
  • Supports multiple account management which is apt for account managers.
  • Colmex Pro Multitrader Platform

    Colmex Pro Multitrader Mobile

    This is the proprietary Colmex Pro mobile app developed for Android operating systems. It is freely available to download from the Google play store. The Colmex Pro app features include:

  • Real time price quotes.
  • Charting across multple time frames.
  • Technical analysis tools are available.
  • Order management tools including 4 order types.
  • Market news, summaries and updates are streamed from the app.
  • Place and manage trades whilst on the go.
  • Colmex Pro MT4 Mobile

    The Colmex Pro MT4 platform is also available for mobile trading via apps developed for iOS and Android devices. The apps can be downloaded from the respective app stores. Here are some of the MT4 app features:

  • Displays the quotes of all the trading instruments in real time.
  • Multiple order types are available.
  • Live charts of all trading instruments displayable on up to 9 timeframes.
  • Charting tools including 30 technical indicators and up to 24 drawing objects.
  • Set push alert notifications.
  • #1 Best Trading Broker Award 2021 AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds.

    Trade! Trade!

    Colmex Pro Trading Tools

    MT4 Platform Tools

    Colmex Pro states that it has no restrictions on platform features. It means that traders who choose the MT4 platform can utilize the full range of features available. This includes access to the MetaTrader market where traders can buy trading signals, EAs, indicators and other trading tools. Virtual Private Server (VPS) subscription services are also available for traders who need uninterrupted access to the trading servers. Social trading is also supported on the platform. Traders are also allowed to install other MT4 plugin apps such as news and analytical softwares, etc.

    Social trading

    Colmex Pro Education

    The Colmex Pro website has a training tutorial section made up of video lessons designed to teach users how to use the trading platforms provided. There are videos on using charts, limit orders, stop loss order, stop limit order and how to use market watch.

    Colmex Pro Trading Education

    Colmex Pro Instruments

    Colmex Pro offers forex pairs along with CFDs on commodities and equities for trading on its platforms. The brokers forex trading account is different from CFD trading account. Traders will have to choose their account types based on trading instruments of interest.

    Colmex Pro Accounts & Fees

    The following trading account types are offered by Colmex Pro to its clients:

    Live Equities/CFD on Equities Account

    This account is designed for traders who trade only stocks and CFDs. The account offers several stock CFDs, trading on IPOs, no restrictions and a maximum leverage of 1:5. Colmex Pro CFD accounts can be opened with $500 but for Equity accounts, you need a minimum of $3,000.

    Forex & Commodities Account

    This account gives traders the opportunity to participate in the trillion dollar forex market which is traded on a 24/5 basis. Clients are offered competitive spreads from 0.3 pips, market depth, a phone dealing desk, live support and flexibility. Clients can also trade commodities like Gold, Silver and oil. This account type can be further divided into the following:

    Colmex Pro – Semi Standard Account

    This account gives access to trade forex and commodities through the MT4 trading platform.

    Colmex Pro – Standard Account

    This account gives access to the forex market with low commissions on trades.

    Colmex Pro – VIP Account

    This account is designed for professional traders who trade huge volumes on a regular basis and need the best possible conditions that the broker can offer.

    Demo CFD accounts are available for practice purposes, strategy testing or platform familiarization. Demo Forex accounts are also available for forex trading purposes. However, all demo accounts expire after 14 days. Many other brokers will provide traders with non-expiring demo accounts. We believe that 14 days is not near enough time for a new trader to become familiar with online trading, especially considering the significant risks involved.

    As broker fees can vary and change, there may be additional fees that are not listed in this Colmex Pro review. It is imperative to ensure that you check and understand all of the latest information before you open a Colmex Pro broker account for online trading.

    Colmex Pro Support

    Colmex Pro has a client support team that can be reached from 7am to 9pm every weekday from Monday to Friday. The client support desk can be reached via email, fax, phone numbers and instant web chat. Remote desktop support is available via ‘Team Viewer’ screen share software. If you wish, you can leave your name, email and phone number for a support representative to contact you.

    Colmex Pro Deposit & Withdrawal

    The minimum deposit is $500 but there is no maximum limit except for unverified accounts which are limited to $2,000. During new account creation, prospective clients are prompted to make a deposit using any of the following options:

    Bank Transfer

    This method can be used for both deposits and withdrawals. Its main disadvantage is that it takes 2-7 days before the deposit reaches Colmex Pro accounts and subsequently credited to the clients’ trading account.

    Debit/Credit Cards

    All major bank cards are accepted for deposits into the clients’ trading accounts. Card deposits are instantly processed and become available in the trading account almost immediately.

    Colmex Pro Account Payment Methods

    Colmex Pro: Account Opening

    To start trading with Colmex Pro, go to the broker website and click the ‘open an account’ button. Enter your email address and the 5-page account opening form is displayed.

    Colmex Pro Account Application Form

    Input your name, email, date of birth, phone number and click ‘next’. On the second page, you can fund your account with credit card or wire transfer. In the next pages that follow, you will be asked to provide information regarding your trading knowledge, experience and source of fund. A questionnaire is provided for this purpose.

    The final page of the form is for identity verification. Upload a ‘proof of identity’ and ‘proof of residence’ documents to complete the account registration process. It is imperative to ensure that you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

    Colmex Pro Summary

    Colmex Pro is a regulated broker that offers its services to a wide variety of clients across the world. The broker has implemented several security options to help protect and secure trader funds in their custody. Trade executions are almost instant courtesy of a cutting edge trading infrastructure. The choice of platforms is commendable and traders are not restricted to certain platform features.

    However, Colmex Pro has not done much to assist beginner traders. There is no comprehensive training academy or organised training resources. The demo accounts provided expire after just 14 days which is not long enough for someone who is learning how to trade online. Traders are not provided with any daily insights, market news or analysis. Even the payment options are limited; there are no provisions for modern online payments such as PayPal, Skrill, Neteller, etc.

    how to trade online

    Colmex Pro is a decent broker that abides by stringent regulatory stipulations, but it needs to improve its services in order to stand a chance of competing with the best trading brokers.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Eighty-eight percent of retail investors’ accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Min $500 Deposit

    Colmex Pro is a regulated Forex & CFD broker that features reliable trade execution speeds across multiple trading platforms. The broker offers no trading restrictions, transparent pricing and competitive online trading conditions.

    Colmex Details

    Cost and Earnings:
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