Summary

Colmex Pro is a global brokerage offering a wide range of financial products, including forex, stocks, and equity trading. It caters to both novice and experienced traders with multiple account types, flexible leverage options, and competitive spreads. While the minimum deposit may be higher than some other brokers, it provides access to advanced tools and a variety of account features. Colmex Pro is known for its robust trading platforms and strong customer support, making it a reliable choice for traders looking for diverse trading options.

  • Well-established broker founded in 2010
  • Regulated by CySEC and FSCA, providing a secure trading environment
  • Wide range of over 11,000 trading instruments, including 9,000+ stocks
  • MetaTrader 4 and proprietary Colmex Pro 2.0 platform with advanced features
  • Tailored account types for different trading styles and budgets
  • 24/5 customer support available through multiple channels and in 8 languages
  • Competitive spreads starting from 0.3 pips on forex pairs
  • Fast order execution with speeds around 30-40 ms
  • Negative balance protection for all retail clients
  • Segregated client funds and investor compensation scheme
  • Relatively high minimum deposit requirements, especially for higher-tier accounts
  • Limited educational resources compared to competitors
  • No special promotions or bonuses currently offered
  • Demo account only valid for 5 days
  • No MetaTrader 5 platform available
  • Lack of weekend customer support
  • Inactivity fees charged after 30 days of no trading activity
  • Withdrawal fees for subsequent withdrawals or amounts over $500
  • Offshore regulation may not suit all traders' preferences
  • Not suitable for U.S. clients due to regulatory restrictions

Overview

Colmex Pro is a regulated broker founded in 2010 and headquartered in Limassol, Cyprus. The company provides access to over 11,000 trading instruments, including forex, stocks, indices, commodities, metals and energies, to both retail and institutional clients globally.

Colmex Pro is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 123/10 and the Financial Sector Conduct Authority (FSCA) in South Africa. As a CySEC-regulated broker, Colmex Pro provides negative balance protection and client fund segregation. It also participates in the Investor Compensation Fund, which protects client funds up to €20,000 per person.

Colmexpro Over view

The broker offers the popular MetaTrader 4 platform as well as its own proprietary Colmex Pro 2.0 platform. The Colmex Pro 2.0 platform provides advanced features like Level 2 market depth, customizable indicators, real-time stock screeners and more. Fast order execution with speeds around 30-40 ms is another highlight.

With over 8,000 active clients who have traded over 4 billion shares, Colmex Pro has established itself as a popular choice, especially for stock traders. However, relatively high minimum deposits starting from $500 to $2000, fees like a $40 withdrawal fee, limited educational resources and short 5-day demo account access show that Colmex Pro is geared more towards experienced traders.

While Colmex Pro has operated for over a decade and is regulated by CySEC, its offshore regulation and lack of major licenses like FCA or ASIC may give some traders pause. As with any broker, it's important to carefully evaluate the risks and benefits, read the terms and conditions closely and only invest what you can afford to lose.

Overall, Colmex Pro can be a good choice for experienced traders seeking a well-established broker with a wide range of assets, powerful platforms and fast execution. For more details on account types, trading conditions, funding options and more, visit the official Colmex Pro website at colmexpro.com

Overview Table

Field Details
Foundation 2010
Headquarters Limassol, Cyprus
Regulation CySEC (123/10), FSCA
Trading Platforms MetaTrader 4, Colmex Pro 2.0, MultiTrader
Instruments Forex, stocks, indices, commodities, metals, energies
Number of Instruments 11,000+
Minimum Deposit $500 - $2000 (depending on account type)
Spreads From 0.3 pips (forex)
Commissions $0.005 - $0.01 per share (depending on account)
Maximum Leverage Up to 1:30 (forex), 1:5 (stocks—retail), 1:20 (stocks—pro)
Funding Options Bank transfer, credit/debit cards, PayPal
Website https://www.colmexpro.com/

Facts List

  1. Colmex Pro was founded in 2010 and is based in Limassol, Cyprus.
  2. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.
  3. Colmex Pro offers over 11,000 trading instruments across forex, stocks, indices, commodities and more.
  4. Clients can trade on the MetaTrader 4, Colmex Pro 2.0 and MultiTrader platforms.
  5. The proprietary Colmex Pro 2.0 platform offers advanced features like Level 2 market depth and customizable indicators.
  6. Order execution speeds are very fast at around 30-40 ms on average.
  7. Colmex Pro has over 8,000 active clients who have traded more than 4 billion shares in total.
  8. Minimum deposits range from $500 to $2000 depending on the account type chosen.
  9. Maximum leverage is 1:30 for forex, 1:5 for stocks (retail clients), and 1:20 for stocks (professional clients).
  10. As a CySEC-regulated broker, Colmex Pro offers negative balance protection and client fund segregation up to €20,000 per client.

ColmexPro Licenses and Regulatory

Colmex Pro operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.

As a CySEC-regulated broker, Colmex Pro is licensed and authorized under license number 123/10. CySEC is the financial regulatory agency of Cyprus and is responsible for supervising the investment services market and transactions in transferable securities. Brokers authorized by CySEC must adhere to strict financial standards, including capital adequacy, segregation of client funds, and transparency in operations and fees.

One key benefit of Colmex Pro's CySEC license is that it provides client fund protection through the Investor Compensation Fund (ICF). All CySEC-regulated brokers must participate in the ICF, which acts as insurance, compensating investors up to €20,000 per person if the broker faces financial difficulties and is unable to meet its obligations.

In addition to CySEC, Colmex Pro is also regulated by the FSCA in South Africa. Previously known as the Financial Services Board (FSB), the FSCA is an independent institution established by statute to oversee the South African Non-Banking Financial Services Industry in the public interest. While not considered as prestigious as licenses from the FCA or ASIC, FSCA regulation does add an extra layer of oversight.

It's important to note that while multiple licenses can provide greater client security, they don't guarantee a broker's credibility. Traders should still exercise caution and due diligence when selecting a broker, carefully evaluating factors like reputation, trading conditions, and client feedback.

List of Colmex Pro's Regulatory Licenses

  • Cyprus Securities and Exchange Commission (CySEC): License Number 123/10
  • Financial Sector Conduct Authority (FSCA), South Africa: License Number 46990

Trading Instruments

Colmex Pro provides access to an extensive range of over 11,000 tradable instruments across multiple asset classes, catering to the diverse needs and preferences of both retail and institutional traders.

Instrument Category Details
Forex Offers 51 currency pairs, including majors (e.g., EUR/USD, GBP/USD), minors (e.g., EUR/GBP, USD/JPY), and exotic pairs. Competitive spreads start from 0.3 pips on EUR/USD with leverage up to 1:30, providing attractive conditions for forex trading.
Stocks Provides access to over 9,000 stocks from exchanges like the NYSE, NASDAQ, and OTC markets. Traders can take long or short positions on blue-chip companies, mid-cap stocks, penny stocks, ADRs, and more, allowing for extensive portfolio diversification.
Indices Offers CFD trading on 9 major global stock indices, including the S&P 500, NASDAQ 100, FTSE 100, and DAX 30. Competitive spreads and leverage up to 1:20 enable traders to capitalize on the movements of entire markets or sectors.
Commodities Provides access to various commodity markets such as precious metals (gold, silver), energies (crude oil), and agricultural products (wheat, coffee). This enables traders to hedge against inflation and diversify with tangible assets.
ETFs Offers trading on a selection of popular exchange-traded funds (ETFs), giving exposure to multiple asset classes, sectors, or geographical regions through a single instrument, making it a cost-effective way to gain diversified market exposure.
Options Provides access to over 500 options contracts, allowing advanced traders to employ sophisticated strategies like hedging, income generation, or speculation on market volatility.

Having such a wide array of tradable instruments is a significant advantage for Colmex Pro's clients. It allows traders to diversify their portfolios across multiple markets and asset classes, potentially reducing risk and capitalizing on opportunities in different economic conditions. The extensive range of stocks and options in particular sets Colmex Pro apart from many other brokers who may offer a more limited selection.

Comex Tradable assets

Trading Platforms

Colmex Pro offers a selection of powerful trading platforms to cater to the diverse needs of traders, including the industry-standard MetaTrader 4 (MT4), the proprietary Colmex Pro 2.0 platform, and the MultiTrader platform.

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms in the world, known for its user-friendly interface, advanced charting tools, and extensive customization options. Colmex Pro's MT4 offering includes features like:

  • 30 built-in technical indicators and 24 analytical objects for in-depth market analysis
  • 9 timeframes for viewing price action across different periods
  • 3 chart types (bar, candlestick, line) for flexible price visualization
  • One-click trading for fast order execution
  • Customizable alerts to stay informed about market movements
  • Automated trading compatibility for running expert advisors (EAs)

MT4 is available as a desktop application for Windows and Mac, a web-based platform accessible through most browsers, and a mobile app for iOS and Android devices. This multi-platform accessibility allows traders to monitor and manage their positions on the go.

Colmexpro Platform mt4

Colmex Pro 2.0

Colmex Pro 2.0 is the broker's flagship proprietary platform, designed to offer a feature-rich and intuitive trading experience. Key features include:

  • Advanced charting with 47 built-in indicators and customizable SmartTemplates
  • Real-time Level 2 market depth data for greater transparency
  • DOM (Depth of Market) Trader for fast and accurate order execution
  • Custom trading algorithms for automating strategies
  • Real-time stock screeners for identifying opportunities
  • Personalized workspaces and detachable windows for optimal layout customization

Colmex Pro 2.0 is available as a desktop application for Windows and Mac, with a web-based version also accessible through modern browsers.

MultiTrader

MultiTrader is a platform designed for professional traders who require advanced tools and flexibility. It offers:

  • Level 2 quotes for stocks and options for enhanced market insight
  • Basket trader for executing multiple complex orders simultaneously
  • Advanced order types like Iceberg, OCO (One-Cancels-Other), and hidden orders
  • Customizable hotkeys for fast order entry and execution
  • Real-time streaming news and market insights

MultiTrader is available as a desktop application for Windows, with mobile apps for iOS and Android.

By offering multiple platforms, Colmex Pro caters to a wide spectrum of traders, from beginners who prefer the simplicity of MT4 to advanced traders who require the sophisticated tools of Colmex Pro 2.0 and MultiTrader. The proprietary platforms, in particular, offer unique features like Level 2 data and custom algorithms that set Colmex Pro apart from brokers who only offer generic third-party platforms.

 

 

Trading Platform Comparison Table

Feature MT4 Colmex Pro 2.0 MultiTrader
Platform Type Third-Party Proprietary Proprietary
Charting 30 indicators, 9 timeframes 47 indicators, SmartTemplates
Advanced Order Execution One-click trading DOM Trader Advanced order types
Customization Alerts, EAs Detachable windows, custom algorithms Hotkeys
Market Depth N/A Level 2 Level 2 for stocks & options
Unique Features Popularity, simplicity Advanced visualization, stock screeners Basket trader, news feeds
Availability Desktop, Web, Mobile Desktop, Web Desktop, Mobile

ColmexPro How to Open an Account: A Step-by-Step Guide

Opening an account with Colmex Pro is a straightforward process that can be completed online in a few simple steps. Here's what you need to do:

Step 1: Visit the Colmex Pro website Go to the official Colmex Pro website and click on the "Open an Account" button in the top right corner of the page.

Step 2: Choose your account type Select the type of account you wish to open from the available options. Colmex Pro offers several account types to suit different trading styles and experience levels, including:

  • Bronze: Minimum deposit of $500 for stock CFDs or $3,000 for equities
  • Silver: Minimum deposit of $5,000
  • Gold: Minimum deposit of $10,000
  • Titanium: Minimum deposit of $25,000
  • Diamond: Minimum deposit of $50,000

Consider your trading goals, experience, and capital when choosing an account type. You can view the specific features, spreads, and commissions for each account type on the Colmex Pro website.

Step 3: Fill out the registration form Complete the online registration form with your personal details, including your full name, date of birth, address, and contact information. You'll also need to provide some financial information and answer questions about your trading experience and knowledge.

Step 4: Verify your identity To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, Colmex Pro requires clients to verify their identity and address. You'll need to upload a copy of your government-issued ID, such as a passport or driver's license, and a proof of address document, such as a utility bill or bank statement.

Step 5: Fund your account Once your account is approved, you can fund it using one of the accepted payment methods:

  • Bank Wire Transfer
  • Credit/Debit Card (Visa, Mastercard)
  • PayPal

The minimum deposit amount will depend on your chosen account type. Deposits via credit/debit card and PayPal are usually instant, while bank wire transfers can take several business days to process.

Step 6: Start trading After your account is funded, you can download and install the trading platform of your choice (MetaTrader 4, Colmex Pro 2.0, or MultiTrader) and start trading. Colmex Pro offers a wide range of tradable assets, including forex, stocks, indices, commodities, ETFs, and options.

Colmexpro register

It's important to note that while the account opening process is generally quick and easy, Colmex Pro may request additional documentation or information in some cases to comply with regulatory requirements. The broker strives to approve accounts within 24 hours, but delays may occur if there are issues with the submitted documents.

Before funding your account and starting to trade, make sure to familiarize yourself with Colmex Pro's trading conditions, fees, and policies. It's also a good idea to test the trading platform and your strategies on a demo account before risking real money.

Charts and Analysis

Colmex Pro offers a range of powerful charting and analysis tools to help traders make informed decisions and develop effective trading strategies.

Category Key Features / Details
Charting Tools - Multiple chart types (candlestick, bar, line, etc.) - Over 50 built-in technical indicators (e.g., moving averages, oscillators) - Drawing tools for trend lines, Fibonacci levels, and more - Customizable timeframes and chart layouts - Real-time price data and historical data for backtesting
Market Analysis - Daily market reports covering key financial markets and asset classes - Technical and fundamental analysis from in-house analysts
- Trading ideas and strategies for various instruments - Quarterly outlook reports for longer-term perspective- Note: Offerings are relatively limited compared to some brokers (no video updates, webinars, or in-depth research reports)
Economic Calendar - Not Offered: Colmex Pro does not provide an integrated economic calendar on its platforms or website
Educational Resources Blog: -Articles on introductory guides to forex, stocks, CFD trading, key trading concepts, market news, and trading psychology tips (published infrequently; basic topics) Tutorials and Guides: - Downloadable PDFs covering MT4 platform introduction, fundamental analysis basics, and risk management principles Webinars and Videos: -Not offered; no webinars or video tutorials available

Overall, while Colmex Pro's charting tools are fairly comprehensive, its market analysis and educational resources are relatively limited compared to other brokers. There is no economic calendar, and the blog and educational materials are quite basic.

This lack of extensive educational content may be a disadvantage for beginner traders who are looking for more guidance and support. More experienced traders may also miss the in-depth analysis and insights that other brokers provide.

ColmexPro Account Types

Colmex Pro offers a wide range of account types tailored to suit the diverse needs of traders, from beginners to professionals. The broker categorizes its accounts based on the traded assets, such as Forex, Stock CFDs, and Equities. Within each category, there are different account tiers with varying minimum deposits, trading conditions, and features.

Forex Accounts

Colmex Pro offers 5 types of Forex accounts:

  • Basic: Minimum deposit of $2,000, spreads from 0.3 pips, leverage up to 1:30
  • Silver: Minimum deposit of $5,000, spreads from 0.2 pips, leverage up to 1:30
  • Gold: Minimum deposit of $10,000, spreads from 0.1 pips, leverage up to 1:30
  • Platinum: Minimum deposit of $25,000, spreads from 0.0 pips, leverage up to 1:30
  • Diamond: Minimum deposit of $50,000, spreads from 0.0 pips, leverage up to 1:30

All Forex accounts have a minimum trade size of 0.01 lots and offer access to 51 currency pairs, as well as other CFD instruments like metals, energies, and indices.

Stock CFD Accounts

For trading stock CFDs, Colmex Pro offers two types of plans: Tiered and Fixed. Each plan has 5 account tiers:

Tiered Plans:

  • Bronze: Minimum deposit of $500, commissions from $0.01 per share
  • Silver: Minimum deposit of $5,000, commissions from $0.008 per share
  • Gold: Minimum deposit of $10,000, commissions from $0.007 per share
  • Platinum: Minimum deposit of $25,000, commissions from $0.006 per share
  • Diamond: Minimum deposit of $50,000, commissions from $0.005 per share

Fixed Plans:

  • Bronze: Minimum deposit of $2,000, commissions from $12 per order
  • Silver: Minimum deposit of $5,000, commissions from $10 per order
  • Gold: Minimum deposit of $10,000, commissions from $8 per order
  • Platinum: Minimum deposit of $25,000, commissions from $7 per order
  • Diamond: Minimum deposit of $50,000, commissions from $6 per order

The Tiered plans charge commissions based on the number of shares traded, while the Fixed plans charge a flat commission per order, regardless of the number of shares.

Equity Accounts

For trading real stocks, Colmex Pro has 5 types of Tiered Equity Accounts :

  • Margin Account: Minimum deposit $1,000, fee per share $0.007.
  • Bronze Account: Minimum deposit $3,000, fee per share $0.005.
  • Silver Account: Minimum deposit $10,000, fee per share $0.0045.
  • Gold Account: Minimum deposit $25,000, fee per share   $0.004.
  • VIP Account: Minimum deposit $100,000, fee per share $0.0035.

 

 

Demo Account

Colmex Pro offers a demo account that allows traders to practice trading strategies and familiarize themselves with the trading platform's risk-free. The demo account provides virtual funds and access to real-time market data. However, it is only valid for 5 days, which is relatively short compared to many other brokers.

Colmex Pro's diverse range of account types caters to various trading styles, experience levels, and budgets. The differentiated offerings for Forex, Stock CFDs, and Equities provide traders with flexibility and choice based on their preferred markets and trading conditions.

The tiered commission structures for Stock CFD and Equity accounts can be advantageous for high-volume traders, as the per-share commission rates decrease with higher account tiers. The fixed commission plans, on the other hand, may be more suitable for traders who prefer a simple, flat-rate fee structure.

Account Types Comparison Tables

Forex Accounts
Feature Basic Silver Gold Platinum Diamond
Min. Deposit $2,000 $5,000 $10,000 $25,000 $50,000
Spreads From 0.3 pips 0.2 pips 0.1 pips 0.0 pips 0.0 pips
Leverage Up to 1:30 Up to 1:30 Up to 1:30 Up to 1:30 Up to 1:30
Min. Trade Size 0.01 lots 0.01 lots 0.01 lots 0.01 lots 0.01 lots
Stock CFD Accounts—Tiered
Feature Bronze Silver Gold Platinum Diamond
Min. Deposit $500 $5,000 $10,000 $25,000 $50,000
Commissions From $0.01/share $0.008/share $0.007/share $0.006/share $0.005/share
Stock CFD Accounts—Fixed
Feature Bronze Silver Gold Platinum Diamond
Min. Deposit $2,000 $5,000 $10,000 $25,000 $50,000
Commissions From $12/order $10/order $8/order $7/order $6/order
Equity Accounts—Tiered
Feature Margin Account Bronze Account Silver Account Gold Account VIP Account
Minimum Deposit $1,000 $3,000 $10,000 $25,000 $100,000
Commission From $0.007/share $0.005/share $0.0045/share $0.004/share $0.0035/share

Negative Balance Protection

As a CySEC-regulated broker, Colmex Pro offers negative balance protection to all its retail clients as required by the European Securities and Markets Authority (ESMA) regulations. This means that Colmex Pro clients cannot lose more than the total funds in their trading account. If a client's account balance falls into negative territory due to trading losses, Colmex Pro will reset the balance to zero at no additional cost to the client. This protection applies to all trading instruments offered by Colmex Pro, including forex, stocks, indices, commodities, and more. It's important to note that negative balance protection does not prevent trading losses within the funds available in a client's account. Traders can still lose all of their deposited funds if their trades go against them. Negative balance protection only ensures that losses cannot exceed the account balance. Colmex Pro's negative balance protection is automatically applied to all retail client accounts and does not require any additional action from the trader. However, it's still crucial for traders to practice responsible risk management and never trade with more money than they can afford to lose.  

ColmexPro Deposits and Withdrawals

Colmex Pro offers a range of convenient deposit and withdrawal methods to cater to the needs of its global client base. The available options provide flexibility and security for traders when managing their funds.

Deposit Methods
Colmex Pro accepts the following deposit methods:
Payment Method Currencies Accepted Minimum Deposit Maximum Deposit Processing Time Fees
Bank Wire Transfer USD, EUR, GBP $500 No limit 1-5 business days No deposit fees charged by Colmex Pro; banks may charge processing fees
Credit/Debit Cards (Visa, Mastercard) USD, EUR, GBP $500 $10,000 per transaction Instant No deposit fees charged by Colmex Pro
PayPal USD, EUR, GBP $500 $10,000 per transaction Instant No deposit fees charged by Colmex Pro
Traders should note that while Colmex Pro does not charge any deposit fees, third-party payment processors or banks may impose their own charges. It's essential to check with the relevant financial institutions for any applicable fees.
Withdrawal Methods
Colmex Pro offers the following withdrawal methods:
Payment Method Currencies Accepted Minimum Withdrawal Maximum Withdrawal Processing Time Fees
Bank Wire Transfer USD, EUR, GBP $100 No limit 1-5 business days One free withdrawal per month for amounts up to $500; subsequent withdrawals or amounts over $500 incur a $40 fee
Credit/Debit Cards (Visa, Mastercard) USD, EUR, GBP $100 $10,000 per transaction 1-3 business days One free withdrawal per month for amounts up to $500; subsequent withdrawals or amounts over $500 incur a $40 fee
PayPal USD, EUR, GBP $100 $10,000 per transaction 1-3 business days One free withdrawal per month for amounts up to $500; subsequent withdrawals or amounts over $500 incur a $40 fee
 
Colmexpro payments
Verification Requirements
To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, Colmex Pro requires clients to verify their identity and address before processing any withdrawals. Traders must submit the following documents:
  • Proof of identity: A clear copy of a government-issued ID, such as a passport or driver's license.
  • Proof of address: A bank statement or utility bill (not older than 3 months) showing the trader's name and address.
Colmex Pro may request additional documentation in some cases to ensure the security of client funds and prevent fraudulent activities. Overall, Colmex Pro provides a good range of deposit and withdrawal options, with the convenience of instant deposits via credit/debit cards and PayPal. However, the $40 withdrawal fee for subsequent withdrawals or amounts over $500 is relatively high compared to some other brokers.  

Support Service for Customer

Reliable and responsive customer support is crucial in the fast-paced world of online trading. Traders may need assistance with account queries, platform issues, or trading-related questions at any time. A broker's commitment to providing excellent customer support can greatly enhance the overall trading experience and build trust with clients. Colmex Pro understands the importance of customer support and offers several channels for traders to reach out for help.

Support Channels
Support Channel / Detail Description
Live Chat Accessible directly from the Colmex Pro website for quick and convenient real-time assistance.
Email For general support: support@colmexpro.com For account-specific inquiries: info@colmexpro.com Response Time: Aims to respond within 24 hours (may be longer during peak periods or for complex issues).
Phone Contact Number: +357 25 030036 (international number; potential call charges apply) Response Time: Varies with call volume; efforts are made to minimize hold times and answer calls as quickly as possible.
Social Media Platforms: Facebook, Twitter, LinkedIn Used for general inquiries or updates; not the primary support channel.
Support Languages Offers customer support in 8 languages: English, Spanish, German, Italian, French, Portuguese, Polish, and Russian.
Support Hours Available 24/5 (Monday to Friday); note that weekend support is not provided.
Overall Response Times Live Chat: Typically connects within a few minutes. Email: Usually within 24 hours. Phone: Response times may vary depending on call volume.
While Colmex Pro does not provide specific response time guarantees, the broker's commitment to 24/5 support and multilingual assistance demonstrates its dedication to client satisfaction. Overall, Colmex Pro offers a comprehensive range of customer support options, with the convenience of 24/5 availability and support in 8 languages. The live chat feature is a valuable tool for quick assistance, while email and phone support cater to more detailed inquiries. However, the lack of weekend support may be a concern for some traders, particularly those who are active in markets that operate on Saturdays and Sundays. Traders should also consider the potential costs associated with international phone calls when contacting support, as Colmex Pro only provides an international number. Colmexpro supports  

Customer Support Comparison Table

Feature Colmex Pro
Live Chat
Email Support
Phone Support
Social Media Support
Support Languages English, Spanish, German, Italian, French, Portuguese, Polish, Russian
Support Hours 24/5 (Monday to Friday)
Weekend Support
 

Prohibited Countries

Colmex Pro, like all regulated brokers, is subject to various international laws and regulations that restrict its operations in certain countries. These restrictions are put in place by local authorities to protect investors, prevent financial crimes, and ensure compliance with domestic financial regulations.

It's crucial for traders to be aware of these restrictions, as attempting to trade with a broker from a prohibited country can lead to legal consequences, account termination, and difficulties withdrawing funds.

Colmex Pro does not accept clients from the following countries:

  • United States
  • Canada
  • Japan
  • Australia
  • Belgium
  • Israel
  • Iran
  • North Korea
  • Sudan
  • Syria

The reasons behind these restrictions vary by country. In the United States and Japan, for example, strict local regulations require brokers to obtain specific licenses to operate legally. Colmex Pro, being based in Cyprus and regulated by CySEC, does not hold these licenses and therefore cannot accept clients from these countries.

In countries like Iran, North Korea, Sudan, and Syria, international sanctions and political factors prohibit Colmex Pro from offering its services. These sanctions are designed to prevent financial transactions that could potentially fund illegal activities or terrorist organizations.

Belgium has also implemented strict regulations on CFD trading, effectively banning the marketing, distribution, and sale of CFDs to retail clients. As a result, Colmex Pro cannot accept Belgian clients for CFD trading.

It's important to note that this list of prohibited countries is subject to change based on evolving regulations and geopolitical situations. Traders should always check with Colmex Pro's support team or refer to the official website for the most up-to-date information on country restrictions.

Traders from prohibited countries who attempt to open an account with Colmex Pro may face account closure, legal action, and difficulties withdrawing their funds. It's crucial to provide accurate information during the account opening process to avoid these issues.

Special Offers for Customers

Colmex Pro, as a regulated broker under the jurisdiction of CySEC and FSCA, is subject to strict regulations regarding promotions and bonuses. As a result, the broker currently does not offer any special promotions, bonuses, or loyalty programs to its clients.

This lack of promotional offers is in line with the European Securities and Markets Authority (ESMA) regulations, which prohibit brokers from offering bonuses or other incentives that could potentially encourage clients to trade excessively or take on more risk than they can afford.

The absence of special offers may be a drawback for some traders who are looking for additional incentives to open an account or trade more frequently. However, it's important to note that promotions and bonuses often come with strict terms and conditions, such as high trading volume requirements or limitations on withdrawals, which can make it difficult for traders to actually benefit from these offers.

Instead of relying on promotions, Colmex Pro focuses on providing competitive trading conditions, a wide range of trading instruments, and robust trading platforms to attract and retain clients. The broker's commitment to regulatory compliance and client protection is also a key selling point for many traders who prioritize security and fairness over short-term incentives.

While Colmex Pro does not currently offer any special promotions, it's always a good idea to check the broker's official website or contact the support team for any updates on future offers or partnerships.

Conclusion

After conducting a thorough review of Colmex Pro, I have gained a comprehensive understanding of their offerings, strengths, and potential limitations as a broker. By examining various aspects of their operations, including regulatory compliance, trading conditions, platforms, and customer support, I can provide an informed assessment of their overall reliability and suitability for traders.

One of the key factors that instills confidence in Colmex Pro is their regulatory status. They are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulatory oversights ensure that Colmex Pro adheres to strict financial standards, maintains segregated client funds, and operates with transparency. The broker's long-standing history, having been founded in 2010, further adds to their credibility.

Colmex Pro's trading offerings are extensive, with a wide range of instruments across forex, stocks, indices, commodities, and more. The broker's emphasis on providing a diverse selection of tradable assets, particularly their vast array of over 9,000 stocks, sets them apart from many competitors. This variety allows traders to diversify their portfolios and seize opportunities in different markets.

The broker's trading platforms, which include the industry-standard MetaTrader 4 and their proprietary Colmex Pro 2.0 platform, cater to the needs of both beginner and advanced traders. The Colmex Pro 2.0 platform stands out with its unique features, such as Level 2 market depth, advanced charting tools, and fast order execution. However, the lack of a demo account beyond 5 days may be a drawback for those looking to explore the platforms extensively before committing real funds.

Colmex Pro's account types are tailored to suit different trading styles and budgets, with options for forex, stocks, and CFDs. The broker's tiered commission structures for stock and CFD trading can be attractive for high-volume traders. However, the relatively high minimum deposit requirements, especially for higher-tier accounts, may be a barrier for some traders with limited capital.

In terms of customer support, Colmex Pro offers a range of channels, including live chat, email, and phone, with support available in 8 languages. The broker's 24/5 support hours ensure assistance is available throughout the trading week, although the lack of weekend support may be a concern for some traders.

One area where Colmex Pro falls short is in their educational resources. While they provide some basic articles and guides, the broker lacks the depth and variety of educational content found with many competitors. The absence of webinars, video tutorials, and comprehensive courses may be a disadvantage for beginner traders seeking to expand their knowledge.

It's also important to note that Colmex Pro does not currently offer any special promotions or bonuses, which may be a drawback for those seeking additional incentives. However, this lack of promotions aligns with the broker's focus on regulatory compliance and avoids potential issues associated with bonus terms and conditions.

Overall, Colmex Pro presents itself as a reliable and well-established broker, with a strong regulatory foundation, a wide range of trading instruments, and advanced platform offerings. Their extensive stock trading options and tailored account types cater well to experienced traders and those with a focus on specific markets.

However, the high minimum deposits, limited educational resources, and lack of promotions may be deterrents for some traders, particularly beginners or those with smaller budgets. It's crucial for potential clients to carefully consider their trading needs, experience level, and capital before deciding if Colmex Pro aligns with their requirements.

As with any broker, it's essential to conduct thorough due diligence, carefully review the broker's terms and conditions, and only invest what you can afford to lose. While Colmex Pro demonstrates several strengths, traders should weigh the pros and cons carefully to determine if the broker is the right fit for their unique trading goals and circumstances.

ColmexPro FAQs

Is Colmex Pro a regulated broker?

Yes, Colmex Pro is regulated by CySEC in Cyprus and FSCA in South Africa, providing a secure trading environment with investor protections.

What trading platforms does Colmex Pro offer?

Colmex Pro offers MetaTrader 4 and its proprietary Colmex Pro 2.0 platform with advanced features like Level 2 market depth and fast execution.

What is the minimum deposit to open a Colmex Pro account?

Minimum deposits start from $500 for Bronze stock CFD accounts and range up to $50,000 for higher-tier accounts, depending on the account type.

Does Colmex Pro offer a demo account?

Yes, Colmex Pro provides a demo account with virtual funds and real-time market data, but it is only valid for 5 days.

Can U.S. clients trade with Colmex Pro?

No, Colmex Pro does not accept clients from the United States due to regulatory restrictions.