Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Forex, metals, indices, stock CFDs, and commodities
||Bronze, Silver, Gold, Platinum and Diamond
||Colmex Pro 2.0, MetaTrader4, MultiTrader
|Deposit & Withdrawal Method
||Visa/Mastercard credit cards, wire transfers, and PayPal
Founded in 2010 and based in Limassol, Cyprus, Colmex Pro is a broker that provides Forex, Equities, and CFD trading services to private and institutional investors.
Here is the home page of this brokers official site:
Colmex Pro is currently regulated by the Cyprus Securities and Exchange Commission (CYSEC, No. 123/10) and is subject to the MiFiD (Markets in Financial Instruments Directive), and is a long member of the Investor Compensation Fund.
Note: The screenshot date is February 7, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Colmex Pro offers investors access to popular trading products in the financial markets, mainly Forex (major, minor, and exotic currency pairs), metals, indices, stock CFDs, and commodities.
To meet different traders' trading needs and experience, the broker offers five different types of accounts: Bronze, Silver, Gold, Platinum and Diamond, with minimum deposit requirements of $500, $5,000, $10,000, $25,000, and $50,000 respectively, and the minimum fee is $1.5, $1.5, $1.5, $1.25, and $1 separately. The broker also offers free demo accounts.
For retail clients, leverage is offered up to a maximum of 1:5 for stocks. For professional clients, you can leverage up to 1:20. Forex instruments can be leveraged up to 1:30.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Colmex Pro offers traders its proprietary trading platform Colmex Pro 2.0, which supports both desktop and mobile versions and is highly customizable for both novices and seasoned professional traders.
Features of Colmex Pro 2.0 include Level 2 data from a Super DOM Panel (Depth of Market), 14 chart styles including Heiken Ashi and Cluster charts, 47 chart indicators plus custom indicators, All advanced order types plus hotkeys, Real-time stock screeners, stock market history.
There is also the powerful MT4 trading platform, which offers plenty of opportunities for traders of all levels: advanced technical analysis, flexible trading systems, algorithmic trading, and expert advisors, supporting the desktop version for mobile. Finally, there is the Multi trader trading platform, which supports web, desktop, and mobile.
Besides, the broker's MultiTrader offers a robust institution-grade platform for experienced traders. The platform comes with several intuitive and advanced functions, including low-latency, and real-time data, order routing technology, level 2 quotes for equities and options, as well as baskets trades.
Deposit & Withdrawal
Colmex Pro accepts traders to fund their accounts through deposit and withdrawal methods including Visa/Mastercard credit cards, wire transfers, and PayPal. The minimum initial deposit requirement is said to be $500.
Colmex Pro has a client support team that can be reached from 7 am to 9 pm every weekday from Monday to Friday. The client support desk can be reached via Tel:+(357) 25-030036, email: support@ColmexPro.com, firstname.lastname@example.org, WhatsApp or send messages online to get in touch. Company address: Colmex Pro is located at 117 Makariou III Avenue & Sissifou (ex Lefkosias-Limnazousas) Street, Quarter of Apostoloi Petrou & Pavlou, 3021 Limassol, Cyprus.
Pros & Cons
||• High minimum deposit ($500)
|• Free demo accounts available
||• Demo accounts are only valid for 5 days
|• Multiple account types
||• No additional resources or tools
|• Good choices of platforms
||• Limited payment methods
Frequently Asked Questions (FAQs)
||Is Colmex Pro regulated？
||Yes. Colmex Pro is authorized and regulated by the CYSEC under regulatory license number: 123/10.
||At Colmex Pro, are there any regional restrictions for traders？
||Yes. 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.
||Does Colmex Pro offer demo accounts？
||Does Colmex Pro offer the industry-standard MT4 & MT5？
||Yes. Colmex Pro supports Colmex Pro 2.0, MetaTrader4, and MultiTrader.
||What is the minimum deposit for Colmex Pro？
||The minimum initial deposit to open an account is $500.
||Is Colmex Pro a good broker for beginners？
||Yes. Colmex Pro is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.