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Colmex Pro is one of the time-proven companies on a global scale whose clients trade shares, currency pairs, futures, options, and CFDs. The broker renders services to both retail traders and institutional investors. Colmex Pro is licensed as an investment company by the Cyprus Securities and Exchange Commission. Besides, the broker is a member of the Investor Compensation Fund that pays off compensation to clients when their company cannot meet its financial commitments. Clients’ funds are stored in segregated bank accounts in reputable banks so that traders’ investments are protected.
Colmex Pro was established in 2010. Its head office is situated in Limassol.
Trading conditions
Colmex Pro offers its clients two types of account, both should be deposited with at least $500. The first type is tailor-made to trade shares and CFDs, the second one is meant for trading forex. Details and advantages of each trading account are available on the official website. The leverage for a forex account is 1:400. At first glance, floating spreads from 0.9 point seem to be a beneficial trading condition. In fact, Colmex Pro charges a high commission from $3 to $15 per lot. Beginners are given the opportunity to practice trading skills on a demo account. Clients can find out helpful information on the world of finance in the Blog section.
Trading platforms
Clients of Colmex Pro have a wide choice of trading platforms. Colmex Pro Trader is the company’s own trading software which generates online market quotes and is supported in 11 languages. Colmex Expert is a good solution for professional traders. Certainly, the broker cannot neglect the time-tested MetaTrader 4 that is preferred by most traders.
Customer support
The broker’s customer support operates around the clock 5 days a week in 8 languages. A client can contact a manager by email, a live chat, and phone.
Deposit and withdrawal
Clients are free to choose the most convenient way to make a deposit and withdraw funds: bank wire, credit cards, and e-wallets such as MoneyBookers, WebMoney, and cashU.
Feedback from traders
Traders leave both positive and negative comments on the broker. In positive reviews, traders praise a high speed of order execution, highly efficient trading platforms, beneficial spreads, and good trading conditions. The common point in positive comments is that Colmex Pro creates conditions for gainful trading and ensures prompt withdrawal of profits provided that a trader is familiar with the market and knows how to use technical analysis. Nevertheless, some clients have a negative experience cooperating with the broker. Traders complain about problems with account verification, big slippages in positions, and the broker’s refusal to withdraw profits
Advantages and disadvantages
Pros:
- regulated broker
- wide choice of trading platforms
- demo account
- competitive spreads
Contras:
- high first deposit
- high commissions
- negative reviews from clients
- sparse information on the website, no educational courses for beginners and helpful analytical materials
Conclusion
Colmex Pro is the investment company that has deserved the reputation of a reliable broker. It offers its clients competitive market quotes, a safe trading environment, cutting-edge trading platforms, and professional support. Importantly, Colmex Pro requires a rather high initial deposit. Traders can find other providers of financial services who offer more beneficial conditions to get started. On the other hand, traders can test the broker’s conditions on a demo account and decide whether it makes sense to open a live account with Colmex Pro.
Since its foundation, thousands of investors have made the first steps in financial markets with the assistance of Colmex Pro. Besides, the broker helps investors improve their trading results.
