What is Comtex？
Comtex Co., Ltd., established in 1955, operates in Japan as a broker. However, its regulatory status is flagged as a “Suspicious Clone” by the Financial Services Agency (FSA).
Pros & Cons
Cons:
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Suspicious Clone Regulation: Comtex's regulatory license has been flagged as suspicious, which will concern users about the reliability and oversight of the broker.
Commission Charged: Comtex is not a commission-free broker. It charges fees for each transaction.
Is Comtex Legit or a Scam？
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Precious Metals: Traders can access various futures contracts for precious metals such as gold, silver, platinum, and palladium.
Energy: Comtex provides futures contracts for energy commodities including barge gasoline, barge kerosene, Platz Dubai crude oil, and LNG (Platts JKM).
Commodity Index: The platform offers futures contracts linked to commodity indices such as the CME Crude Oil Index Futures.
Rubber: Comtex facilitates trading in rubber futures, including Rubber (RSS) and Rubber (TSR) contracts.
Agricultural Products: Traders can access futures contracts for agricultural commodities like corn, soybeans, and red beans.
Margin & Commission
The margin provided by Comtex varies quite much on different instruments. You can check the table on its official website to get detailed information on its margin.
For all instruments, the transaction fee is applied per ticket, one way, and includes taxes. The price range variation rate across all instruments is 30%. For loss-limited trading of Platts Dubai Crude Oil (Crude Oil), Barge Gasoline (Gasoline), and Barge Kerosene (Kerosene), the transaction fees are ¥14,190 each. Similarly, for loss-limited trading of Dojima Gold and Dojima Platinum, the transaction fees are ¥198 each.
Trading Platform
Comtex provides a futures trading tool called Trade One, which is designed for professional traders, offering various functions to capitalize on momentary opportunities with quick order execution. It supports sheath transactions and allows easy operability with features like a glossary of terms and Q&A, making it accessible even for beginners. The platform allows trading from any internet-enabled device and provides real-time market prices and charts. Access to the platform requires an online account with Comtex Co., Ltd.
Customer Support
Comtex offers customer support primarily through a contact form on its website and a main telephone line: (06)6543-2118. You can fill out the contact form to submit inquiries or issues. Additionally, you can visit the company's physical location on the 2nd floor of the Dojima Exchange Building in Osaka for in-person support or inquiries.
Conclusion
As a broker, Comtex provides a certain range of market instruments and its own developed trading platform. It charges commissions and holds a “Suspicious Clone” regulation. We do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Question: Is Comtex regulated or not？
Answer: Yes, it is regulated. However, its license is stated as “Suspicious Clone”.
Question: Does it support MT4/5？
Answer: No, it does not. It supports its own trading platform - Trade One.
Question: Is there any commission charged？
Answer: Yes. The commission for loss-limited trading of Platts Dubai Crude Oil (Crude Oil), Barge Gasoline (Gasoline), and Barge Kerosene (Kerosene) is ¥14,190 each. For loss-limited trading of Dojima Gold and Dojima Platinum, the commission will be ¥198.
Question: Is Comtex a good choice for beginners？
Answer: No, it is not. Comtex is not normally regulated, and beginners should try other brokers that are well-regulated.
Risk Warning
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
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