If you are searching for an online trading platform that enables you to invest in a wide range of asset classes, including forex, CFDs, and stocks, Colmex Pro has you covered.
This brokerage firm caters to both institutional and retail clients around the world, with its low minimum capital requirements, multi-account types, and dedicated trading platform (Colmex Pro Trader).
While there is no shortage of trading platforms on the market these days, Colmex Pro sets itself apart from the competition in a variety of ways. So, what exactly does this platform have to offer? Keep reading this Colmex Pro review to find out!
What Is Colmex Pro?
Established in 2009, Colmex Pro specializes in Forex and OTC markets and allows trading CFDs on all types of standard assets. With over 9,000 stock assets available for investment, including IPOs and ETFs, Colmex Pro provides a vast array of options for investors.
Based in Cyprus and licensed by the regulators of Cyprus and South Africa, Colmex Pro is a reputable and trustworthy broker.
Colmex Pro Features
Colmex Pro is a comprehensive trading platform that offers traders a wide range of features and tools. One of its main benefits is the flexibility provided by its multiple trading platforms, including Colmex Pro 2.0, MetaTrader 4, or MultiTrader. Each provides various tools for chart analysis and market information.
Traders can choose a platform that suits their needs, and the easy transition between platforms reduces the learning curve.
Colmex Pro offers tailored trading accounts for equities or Forex trading, with a minimum deposit of $250. The accounts are expertly tailored to meet the specific needs of each type of trader, as they differ slightly in trading conditions, trading costs, deposit and withdrawal fees, and customer support options.
The company’s leverage offerings may not be as high as other companies, but this can be beneficial for new traders who are still learning. Currently, Colmex Pro offers a 1:30 leverage on forex trades and a 1:5 margin for other markets.
One of the standout features of Colmex Pro is its true ECN Forex account. An electronic communication network (ECN) automatically matches buy and sell orders for securities in the market, connecting major brokerages and individual traders to trade between themselves directly without going through a middleman.
Colmex Pro Pricing
Colmex Pro offers both free and paid services for traders. To start trading on Colmex Pro, traders need to make a deposit for their account, with minimums varying depending on the type of account being opened.
Commissions are charged when making trades initially, but traders can upgrade to a fixed-fee account later on. The level of commissions will vary depending on the asset being traded and the type of service offered by the broker.
Colmex Pro’s commission rate structure varies depending on the level of the trader’s account. For stock trading, commissions range from $4 to $9.95.
Traders should be aware of other costs that may be applicable, such as overnight daily margin interest and overnight daily penalties. Some online reviews claim that there are deposit, withdrawal, and non-activity fees, but traders should check the company’s website for the latest fees, as these are subject to change and vary depending on the types of trades being made.
Colmex Pro also offers a range of free services, including a blog that is updated semi-regularly and a demo account. The demo account allows users to get used to navigating the currency exchange markets and master the art of trading with a non-existent level of risk. However, the demo account can only be used for five days before traders switch to a paid account.
Colmex Pro Review: The Pros & Cons
- Access to a wide range of tradable financial assets, including Blue chips, OTC markets, IPOs, depositary receipts, and classic CFD assets
- Free demo account available for traders to test the platform without risking real money
- Support for multiple trading platforms, allowing traders to use the one they are most comfortable with
- Segregation of customer accounts for added security
- High initial deposit requirement, with most accounts requiring a minimum of 2-3,000 USD to start trading
- Regulated offshore, which may not appeal to all traders
- Demo account is only available for 5 days
- Limited tools and resources available for traders compared to other platforms
Colmex Pro Alternatives
For traders who are keen on continuous learning, the limited educational resources and tools offered by Colmex Pro may not be enough to satisfy you. Fortunately, there are many other excellent educational platforms available for traders to consider.
Tradenet is one such platform that offers a variety of educational packages and personal coaching. If you’re interested in learning more about Tradenet, check out this Tradenet review to see if it’s the right fit for your trading needs.
Is Colmex Pro Right For Me?
Whether you’re a professional stock trader or a novice currency trader, Colmex Pro offers online trading platforms designed to suit your needs. With segregated accounts, trading signals, analysis services, professional account managers, and other services, Colmex Pro is worth considering.
So, is Colmex Pro right for you? If you’re looking for a secure and reliable platform to trade on, then Colmex Pro is definitely worth a look. If you’re still unsure, you can try out the demo account or create a paid account on Colmex Pro today by clicking here!