ColmexPro Overview
Telephone: +44-20-3769 6793
Regulation: CySEC, FCA, BaFIN, CNMV, ACPR, FSB
Pairs offered: major pairs, minor pairs, and exotic currency pairs
Minimum Deposit: $2000
Spreads From: 3 PIPs
Max Leverage: 5:1
Markets: CFDs, Forex, Indices, Shares, Commodities

Colmex Pro Broker Review

Colmex Pro is a forex brokerage providing fully regulated online trading, courtesy of CySEC (Cyprus Securities and Exchange Commission), with licence #123/10. Additionally, this online trading broker is fully licensed and regulated to offer financial services in South Africa, courtesy of the Financial Services Board (FSB). Colmex Pro has been actively engaged in financial trading services for over 12 years, working with businesses and individuals towards maximizing portfolio growth.
Established in 2010, this forex trading brokerage continues to deliver a wide range of effective solutions to online trading, with educational resources designed to enhance your overall success. The company’s base of operations remains in Europe, and it offers fully regulated, transparent, credible trading services to thousands of clients globally. This FX broker is registered by the FCA (Financial Conduct Authority), BaFIN, CNMV, and ACPR.

Overview/ background

 

Colmex Pro is one of the leading players in the Forex trading arena, thanks to the extensive experience of its management teams. This company serves clients around the world, across multiple investment strata. Colmex Pro offers clients a wide range of trading platforms, geared to meet your specific trading needs and requirements. This broker is fully equipped to offer desktop and mobile trading facilities, courtesy of 6 unique trading platforms. The customer-centric focus of this FX broker is its strongest selling point. It continually works to upgrade the user experience by providing the best-in-class trading tools, features, and resources. Security is sacrosanct, and this is evident in the licensing and regulation held by this firm.

With billions of pounds sterling in total trading volumes, Colmex Pro continues to serve the needs of UK clients and European clients. A wide range of trading products is currently available, including stocks, contracts for difference (CFDs), and forex. Clients can also utilise the demo equities platform and the demo forex platform to practice real-life strategies under real market conditions. There are multiple trading platforms at the ready, including WebTrader, MetaTrader 4 for desktop and mobile, and Colmex Pro Trader too. This online trading broker offers a range of US stocks, EU stocks, CFDs and Forex. With instant execution of trades, zero slippage, and margin of 1:5 for stocks, this broker offers plenty of variety to clients.

 

Account Types

 

Colmex Pro offers several different account types to traders. These are rather unconventional accounts, since they are grouped according to financial instruments. For example, traders can enjoy live equities accounts or CFD on equities accounts. These feature a minimum deposit of $2000, or GBP equivalent, and the equity accounts require a minimum deposit amount of $3000, or GBP equivalent. The Live Forex Trading Account offers access to major pairs, minor pairs, and exotic currency pairs with spreads starting at 0.3 pips. Instant trade executions, access to real-time updates, and fractional pricing are some of the many features of the live forex account. The other option is the Colmex Pro Pricing account which requires a minimum deposit of $3000 for equities and $2000 for CFD trading. These account options can instantly be accessed through the registration screen of the homepage. Luckily, you can also practice your trading strategies on a demo account for CFD or forex instruments.

 

Trading Platform/ software

 

Various trading platforms are available to forex traders and stocks traders, including WebTrader, Colmex Pro MT4, Colmex Pro MT4 Mobile, Colmex Pro Trader,  and Colmex Pro Trader for CFDs. To access these trading platforms, you must first register an account at the broker. Luckily, there are demo trading accounts available to clients as well. The trading platform software also features live equities and safety on equities accounts, as well as live forex options. The demo forex accounts and demo equities accounts provide you with real-time market news and updates, complimentary access to real-time charting features and live trading prices, as well as access to a wide range of trade orders. As with the standard trading platform and software, you must first register for your complimentary demo forex or demo equities account.

 

Deposit options

 

There are several ways to safely and securely deposit at this broker, including bank wire and credit card. Once you’re ready to make a deposit, you will be taken to the Colmex Pro Login screen where you enter your account number, your trading account (Equities, CFD or Forex), your ID/passport number, and then your email. After you have securely logged in, you will be able to make your deposit at this FX broker.

 

Markets

 

Multiple markets are currently available including stocks, Forex, and CFD trading options. The listing of financial instruments at this broker includes the following:

Indices: US 30, SPX 500, NAS 100, UK 100, GER 30, ITA 40, ESP 35, FRA 40, HKG 33, JPN 225, US 200 and others.

Commodities: Brent crude oil, WTI crude oil, cocoa, coffee, corn, cotton, soybean, natural gas, sugar, and wheat.

Forex: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, EUR/CHF, EUR/GBP, EUR/JPY, CHF/JPY, AUD/JPY, CAD/JPY, AUD/JPY, AUD/CAD, AUD/CHF, AUD/NZD, CAD/CHF and others.

CFDs: spot gold, spot silver, palladium, platinum, copper, aluminium, nickel, zinc, index of top 30 shares on Wall Street, S&P 500 index, NASDAQ 100, FTSE 100, and DAX.

 

Bonuses

 

At the time of writing, there were no promotions or bonuses available at Colmex Pro.

 

Customer Support

 

Clients can contact customer support from 7 AM through 9 PM, Monday through Friday. The email address for customer support is [email protected] and [email protected]. The telephone number for the United Kingdom is +44-20-3769 6793, or toll-free at +44-800-249-4328. The fax number is +44-20-376-96794. For Cyprus assistance, you can simply contact +357-25-030036, or fax on +357-25-030037.

 

Safety

 

Safety and security is assured courtesy of licensing and regulation in multiple jurisdictions. This forex broker is fully authorised to offer real money trading, courtesy of CySEC (license #123/10). Additionally, Colmex Pro is fully regulated by the Financial Services Board (FSB) of South Africa. Security is further enhanced by stringent regulation and compliance with various other government bodies and authorities including the Financial Conduct Authority (FCA) of the United Kingdom.

In Germany, Colmex Pro is registered through BaFIN with ID #124339, and the company is also registered in France with the ACPR (#73709), and in Spain with the CNMV (registration #2855). As such, you can trust the financial trading services provided by this broker. Strict regulations and compliance ensure that client funds are maintained in segregated accounts, all transactions are SSL secure, and there are security nets in place such as the Investor Compensation Fund (ICF) offered through CySEC.

 

Ease of Use

 

For the most part, Colmex Pro offers a user-friendly trading platform. Clients should have no problem navigating between different account types, or choosing a demo account for stocks, CFDs, or Forex. Whatever option you select, you will need to register an account first in order to access all of the features provided by the trading platform.

 

Final Thoughts

 

Colmex Pro offers a full spread of financial instruments to traders, and there are several trading platforms for mobile, PC and tablet at your disposal. You can access a full spread of educational tools and resources, and the MetaTrader 4 and WebTrader platforms are best in class.

Pros
  • FCA, FSB, BaFIN regulation
  • Demo trading platforms available
  • MetaTrader 4 trading platform
  • Wide range of educational resources
Cons
  • Registration needed to access many features
  • Low leverage
  • No bonuses
ColmexPro Overview
Telephone: +44-20-3769 6793
Regulation: CySEC, FCA, BaFIN, CNMV, ACPR, FSB
Pairs offered: major pairs, minor pairs, and exotic currency pairs
Minimum Deposit: $2000
Spreads From: 3 PIPs
Max Leverage: 5:1
Markets: CFDs, Forex, Indices, Shares, Commodities
Pros
  • FCA, FSB, BaFIN regulation
  • Demo trading platforms available
  • MetaTrader 4 trading platform
  • Wide range of educational resources
Cons
  • Registration needed to access many features
  • Low leverage
  • No bonuses