Colmex Pro is an experienced forex and CFD brokerage brand that began operations in 2010 and is headquartered in Limassol, Cyprus. They offer multiple trading instruments across different asset classes including forex, commodities, and stocks for online trading.
The broker offers competitive trading conditions across multiple trading platforms, offering transparent pricing, fair trade execution speeds with minimal slippage, and no trading restriction on trading strategies. Colmex Pro operates the no dealing desk (NDD) brokerage model and serves both retail and institutional clients.
Colmex Pro Review Introduction
In this Colmex Pro review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Colmex Pro.
Colmex Pro Platforms & Tools
Colmex Pro provides clients with the MT4 trading platform; it is a powerful and popular trading platform used by millions of forex and CFD traders all over the world. MT4 is versatile, scalable, and very fast. It can be expanded using plug-in apps built with the MQL4 programming language. The platform is available as a downloadable Windows desktop application, web trading terminal, as well as mobile applications for iOS and Android. The apps can be downloaded from the respective app stores.
There is also the Colmex Pro Multitrader, which is a modern trading platform that offers swift order executions and real-time quotes in dynamic displays. It has a mobile version — Colmex Pro Multitrader Mobile — which is the broker’s proprietary mobile app developed for Android operating systems. It is downloadable from the Google play store. The Colmex Pro app has the following features:
- Real-time price quotes
- Charting across multiple timeframes
- 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 on the go
Colmex Pro Research & Education
The Colmex Pro website has a training tutorial section made up of video lessons that are designed to teach users how to use the trading platforms provided.
Colmex Pro Trading Accounts
The following trading account types are offered by Colmex Pro to its clients:
- Live Equities/CFD on Equities Account: This Accounts can be opened with $500, while Equity Accounts require a minimum deposit of $3,000.
- Forex and Commodities Account: It offers competitive spreads from 0.3 pips, market depth, live support, and flexibility. It has three categories namely: Semi-Standard, Standard, and VIP Accounts.
Demo accounts are freely available for practice purposes.
Colmex Pro Account Funding
Colmex Pro offers clients the following payment methods for account funding and withdrawal options: bank transfer and credit/debit cards. The minimum deposit is $500, but there is no maximum limit except for unverified accounts, which are limited to $2,000. The transaction processing time depends on the payment method used.
Colmex Pro Customer Service
The broker offers a client support team that can be reached from 7 am to 9 pm every weekday, Monday to Friday. The client support desk can be reached via email, telephone, fax, and instant web chat.
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. It is also authorized as a Financial Services Provider by the Financial Services Conduct Authority (FSCA) in South Africa. The license number is 46990.
Colmex Pro Review Summary
Colmex Pro is a regulated forex and CFD broker that features reliable trade execution speeds across multiple trading platforms, and traders are not restricted to certain platform’s features.
It is worth mentioning that some of the trading products and services in this Colmex Pro review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Colmex Pro broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor 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.