On-line since: About the company: Colmex Pro is a trading name of Colmex Pro Ltd. regulated by CySEC. The company provides the NDD (No Dealing Desk) technology for trading currency pairs, CFDs, equities, futures, and options. Company. Security of Funds Colmex Pro Ltd. operating as Colmex Pro, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Besides, the company is also registered with FCA and a number of other EU regulators. CySEC applies certain rules to license holders, for example, the requirement to hold a minimum of EUR 1,000,000 in order to prove the company’s financial stability. Furthermore, the Cypriot regulator implements a compensation scheme as an additional guarantee of clients’ funds security. All CySEC-regulated companies are members of the Investor Compensation Fund, where customers may receive a compensation amounting to a maximum of EUR 20,000, if the broker ceases operating or becomes insolvent. Similar compensation schemes are applied in other jurisdictions: FCA-regulated brokers in the UK, for example, are participants of the Financial Services Compensation Scheme, where the maximum compensation cover is GBP 50,000 per person. Trading Conditions The broker has two accounts depending on chosen trading instruments: Equities/CFDs and currency pairs. Both account types offer different trading conditions based on the deposited amount and trading platform used. For instance, if an Equities/CFD account holder wishes to use the Expert platform, a minimum initial funding of $50,000 will be required. Minimum Initial Deposit Colmex Pro accounts require a minimum deposit of $500, which is above average. There are brokers who require a mere dollar. Average Spreads & Commissions This broker offers variable spreads. At first sight, spreads are relatively low – 0.9 pips on EUR/USD. However, a commission fee ranges from $3 to $15 per lot per side on the Equities/CFD account. The commission on the Forex account is $8 per lot, so an average spread is around 1.7 pips on EUR/USD with the commission included which is considered comparatively high. According to the agreement specifications on the Colmex Pro’s website, if the maximum spread amounting to 2 pips on EUR/USD applies, commissions will be excluded. Leverage The maximum leverage with this broker is offered on the MT4 platform and is 1:400 for the Forex account. Some jurisdictions set limitations on leverage which are significantly lower. For instance, in the USA, the maximum leverage allowed is 1:50. The reason for these restrictions is that higher leverage levels may not only multiply profits of traders with a small deposit but also lead to heavy losses. Nonetheless, if you have great confidence in your trading, then you can use the higher leverage with other brokers, for example, 1:1,000. Trading Platform Colmex Pro offers several platforms. The Colmex Pro Trader platform ensures real-time, streaming data, fast order execution and, what is more, users may see a daily list of top 20 performers. Besides, this platform allows you to manage several accounts and is available in 11 different languages. Furthermore, the broker renders Colmex Pro Trader CFD, a version of the platform specializing in CFDs trading. The Colmex Expert platform is a significant upgrade to Colmex Pro Trader offering great opportunities for professional traders. This platform is equipped with the chart including over 100 built-in indicators, studies, tools, and testing system. It also features the Managed Account Trading (MAT) tool for traders managing multiple accounts and is available for mobile devices. Furthermore, Colmex Pro provides the MetaTrader 4 platform. The software offers a number of technical indicators, extensive testing environment, advanced charting package and Expert Advisors (EAs). By downloading ready-made or creating their own EAs, traders are able to fully automate their trades and just sit back and let the program do all the work. Payment options Colmex Pro supports the following payment options: wire transfer, bank cards (Visa, MasterCard), and e-wallets (WebMoney, cashU, MoneyBookers). Advantages:
Disadvantages:
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I've been trading with them for about 2 years. So far, I'm satisfied with their stable platform; fast execution and no hiccups. Also, their deposit and withdrawal process is smooth and fast.
Colmex Pro isn't a reliable broker. I had poor executions on the platform and also careless services. I have been trading for 5 months and it was 5 months of suffering trading using their MT4 platform. I put $500 as an initial deposit and traded with them but because their platform doesn't execute well, the spread is awful, and I faced slippage also margin call! it ends up with me losing my money due to those matters. I don't really recommend this broker, their platform only makes me loss.
I traded around with their demo platform for a bit and then changed it up to live. So far it's been good. Execution is much faster and I have had no software issues. It’s website provides different packages of services and useful information. Look at their website and read the daily anlysis, this the way you can learn how to make profit. I must say Colmex Pro definitely the best place to start.
Colmex Pro seems to provide promising trading services. However, I cannot open an account with them because of the high initial deposit. On top of that, the fees are also high which I don't think I can afford in the long run.
Customer Support made me disappointed as they ignored many my questions to solve my problems. Colmex-pro is a fraud broker. They put incorrect information on their website. They promote that the spread on EUR/USD is 0.9 pips but my 20 trades was closed with more than 5 pips spreads on both pair. If you are consistently making profit, they do everything to slow you down. Bad execution, service down constantly and withdrawal takes long.
I've experienced the best platform in the market with Colmex Probroker. Really their MT4 platforms performance or execution rate is better than others, I've satisfied with this fastest execution and many features. Even their spread is low, so I can trade without any issue. , besides, I've followed their technical analysis and till now I can make $450 profit so far. . I think Colmex Pro is the best.
I started trading with Colmex Pro four months ago and I am not very happy with their trading platform. It is very hard to make a decent trade with them because the platform often lags. Even the charts are not always synced with the market. On top of that, there are many confusing buttons on the platform. They are not beginner-friendly.
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