Colmex Pro is a trade name of Colmex Pro Ltd., a CySEC regulated company offering Forex, CFD, Stocks, Futures, Options and NDD (No Dealing Desk) trading.
About company. Fund security
Colmex Pro Ltd., acting as Colmex Pro, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Moreover, the company is also registered with the FCA and a number of other EU regulators.
CySEC applies certain rules to license holders, one of which is the requirement to withhold a minimum of EUR 1,000,000 in order to prove their financial stability.
In addition, the Cypriot regulator applies the compensation system as an additional guarantee for clients' funds. All CySEC regulating companies are members of the Investor Compensation Fund, where clients can receive compensation of up to € 20,000 in the event the broker ceases to operate and becomes insolvent. Similar compensation schemes apply in other jurisdictions: for example, FCA-managed brokers in the UK are members of the Financial Services Compensation Scheme, where the maximum payout is £ 50,000 per person.
Trading conditions
This broker has two accounts: the first one trades stocks and CFDs, the second one trades currency. Both account types offer different trading conditions, which depend on the amount deposited and the platform used. For example, if a stock / CFD account holder chooses to trade on a professional platform from experts, then he will need to deposit at least $ 50,000.
Minimum initial deposit
Colmex Pro accounts require a minimum deposit of $ 500, which is above the industry average. For comparison, some brokers offer trading from $ 1. You can find them in our rating.
Average spreads and commissions
This broker offers variable spreads. At first glance, spreads are relatively low - 0.9 pips on EUR / USD. However, there is a commission of $ 3 to $ 15 per lot per one side of the stock / CFD account. On a Forex account, the commission is $ 8 per lot, which means an average value of 1.7 pips in EUR / USD with the included commission, but still this is considered in trading as a value that does not exceed the average position.
According to the contract specifications on the Colmex Pro website, if a maximum spread of 2 pips on EUR / USD is applied, commissions are excluded.
Leverage
The maximum leverage with this broker is offered on the MT4 platform and is 1: 400 for a Forex account. Some jurisdictions have leverage limits that are significantly lower, such as the United States, the maximum allowable leverage is 1:50. The reason for these limitations is that higher levels of leverage can not only multiply traders' profits on a small deposit, but can also lead to large losses. Nevertheless, if you are confident in your trading, you can also use large leverage with other brokers, for example 1: 1000.
Trading platform
Colmex Pro offers several platforms.
Colmex Pro Trader platform provides real-time data, streaming data, fast order fulfillment, and moreover, users can see a daily list of the top 20 traders. Plus, this platform allows you to manage multiple accounts and is available in 11 different languages. The broker also offers Colmex Pro Trader CFD, a version of the platform designed for CFD trading.
The Colmex Expert platform is an improved version of Colmex Pro Trader and offers great opportunities for professional traders.
This platform is equipped with a chart that includes over 100 built-in indicators, studies and tools, a testing system. The terminal also has a Managed Account Trading (MAT) tool for traders managing multiple accounts and is available on the mobile version.
In addition, Colmex Pro provides MetaTrader 4. The software offers a range of technical indicators, an extensive testing environment, an extended set of charts and, more importantly, advisors (experts). By downloading ready-made or creating their own Expert Advisors, traders can fully automate their trades and let the program do all the work.
Ways of payment
Colmex Pro offers its customers the following payment methods: bank transfer, credit / debit cards (Visa, MasterCard), e-wallets (WebMoney, cashU, MoneyBookers).
Pros:
regulated broker; selection of trading platforms.
Minuses:
high commission; high minimum deposit.
FAQ - BROKER QUESTIONS COLMEXPRO
- Do trader reviews affect the rating of COLMEXPRO?
- How to leave a review about COLMEXPRO on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker COLMEXPRO be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. COLMEXPRO received a rating of 1 out of 5 on our resource.
Пока нет отзывов по этому брокеру.