Colmex Pro Review and Tutorial 2021

Colmex Pro is a Cyprus-based stock CFD and values specialist, offering a few work areas and versatile exchanging stages, including MT4 and MultiTrader. Before you start stage downloads, follow this survey for subtleties on commission and estimating, least stores, demo records, and that’s only the tip of the iceberg.

Colmex Pro Company Headlines

Since 2010, Colmex Pro has been providing admittance to more than 9,000 US stocks to both private and institutional customers. The agent is situated in Limassol, Cyprus, directed by the Cyprus Securities and Exchange Commission (CySEC) and the South African Financial Sector Conduct Authority (FSCA).

Since its foundation, the intermediary has acquired more than 8,000 enrolled customers who have exchanged more than 4 billion offers on the assortment of exchanging stages accessible. The merchant likewise offers layered and fixed record intends to suit diverse experience levels.

Trading Platforms

Colmex Pro 2.0

The specialist’s proprietary stage is appropriate for the two fledglings and prepared professionals. The background incorporates an exceptionally customizable interface that upholds straightforward graphing just as cutting-edge scientific apparatuses. Highlights include:

• Level 2 information from a Super DOM board (Depth of Market)
• 14 outline styles including Heiken Ashi and Cluster diagrams
• 47 graph pointers in addition to custom markers
• All high-level request types in addition to hotkeys
• Ongoing stock screeners
• Financial exchange history

The stage is prepared to download from the site for Windows PC and Mac clients.

MetaTrader 4

MT4 is the most well-known forex exchanging stage and offers progressed specialized examination. The two windows and Mac clients can get to a scope of devices to suit their system, including market and future orders, moment execution, stop requests and following stop.

There are likewise intelligent diagrams with 9 time-frames and 23 logical items, and 30 inherent specialized pointers. Brokers can similarly buy into signs and duplicate exchanging or enlist algorithmic robots from the MetaTrader Market.

Colmex Pro MultiTrader

The merchant’s MultiTrader offers a vital establishment grade stage for experienced dealers. The set accompanies a few intuitive and progressed capacities, including low-idleness and continuous information, request directing innovation, Level 2 statements for values and choices, just as crate exchanges. Clients likewise gain admittance to a rundown of the central 20 and most noticeably awful 20 entertainers, refreshed continuously.

You can download MultiTrader from the site or access it through the advantageous web broker variant.

Markets

Colmex Pro proposals more than 9,000 US stocks, including blue-chip, mid-cap, small-cap, ETFs, ADR’s and many OTC stocks. There is likewise a determination of different resources accessible, including 51 significant, minor and colourful monetary standards, valuable metals, energies, agricultural wares and 9 essential records.

Our audit noticed that cryptographic money exchanging isn’t accessible.

Fees

For stock CFDs, evaluating depends on layered plans beginning from $0.01 per share in the Bronze arrangement, which goes down to $0.005 per share in the Diamond plan. You can likewise pick a fixed account, wherein you pay $12 up to 3,000 offers in the Bronze arrangement and $9 up to 5,000 requests in the Diamond.

All layered plans charge $0.01 per share for values, and repaired plans start at $6.95 to 3,000 offers. For different resources, commissions shift contingent upon the help and which of the five methods you pick. Forex spreads start from 0.3 pips for significant cash matches, yet there is a $14.50 commission expense for each 1 agreement side in the Basic record.

There are additional expenses to know about, including a month-to-month latency charge of $30 for CFD accounts and $55 for value accounts. This applies if there is no exchanging movement for 30 back-to-back days. There are also, for the time being, rollover (trade) charges and ECN and directing expenses in CFD and value accounts.

Leverage

For retail customers, influence is presented to a limit of 1:5 for stocks. For professional customers, you can use up to 1:20. Forex instruments can be utilized up to 1:30.

Mobile Trading Review

Colmex Pro conveys three versatile applications for every accessible stage: Colmex Pro 2.0, MetaTrader 4 and MultiTrader, which is appropriate for the two iOS and Android cell phone proprietors.

With Colmex Pro 2.0, merchants gain admittance to a large number of stocks, with a primary request section, constant streaming costs and market profundity, three mainstream diagram styles, in addition to many accessible pointers.

MT4 offers predominant exchanging devices and customizable highlights, including more than 50 pointers and graphical articles, all request types and execution modes, in addition to a live news channel. There are likewise versatile adjusted scale and parchment graphs, which permit you to exchange straightforwardly with only one tap.

The MultiTrader versatile application offers a protected compact stage that provides a scope of advantages, including itemized account the board, live market information, just as watchlists. Note that this application is just accessible for Android clients.

Deposits & Withdrawals

You can support your record utilizing credit/check cards, bank move and online installment techniques like PayPal. Colmex Pro doesn’t charge for stores. For withdrawals, the central exchange of the month under or equivalent to $500 is free. Any after leaves are $40 (or €30 for Euro accounts).

Wire moves take 3-5 workdays to process. Visa stores are processed within 24 hours, generally within two hours after a store is made.

Demo Account

Colmex Pro offers a demo represent the two novices and specialists who need to rehearse their exchanging methodologies in a danger-free preparing climate. Of course, demo accounts incorporate a 25,000 virtual offset with 100,000 in purchasing power. Notwithstanding, you can demand a higher equilibrium to compare to your necessities.

Note that the demo is just open for 5 exchanging days, extensively not exactly most different agents who offer a 30-day demo. The dealer demo download can be gotten to once you register for a record.

Colmex Pro Bonuses

According to CySEC limitations, there are no arrangements or promotions offered at Colmex Pro right now. You can generally check the merchant’s site or web-based media pages for refreshes.

Licensing

Colmex Pro Ltd is controlled by the Cyprus Securities and Exchange Commission (CySEC) under permit number 123/10, and the South African Financial Sector Conduct Authority (FSCA) under permit number 46990.

As a CySEC-managed firm, Colmex Pro is an individual from the Investor Compensation Fund, which conceals customer assets to €20,000 if the representative can’t meet its monetary commitments. The intermediary likewise keeps customer assets in isolated financial balances with top-level banks. Accordingly, we’re agreeable that Colmex Pro isn’t a trick.

Additional Features

Besides a blog that is accessible in English and Spanish, Colmex Pro doesn’t offer any extra highlights or instruments. Contrasted with comparative specialists like Interactive Brokers, this is disillusioning as most dealers hope to see a thorough scope of assets to help their exchanging needs.

Account Types

Colmex Pro offers layered or fixed designs for stock CFDs and values. For Stock CFDs, the layered plans are Bronze, Silver, Gold, Platinum and Diamond. The least stores in the Bronze arrangement start at $500, with a base request of $1.50. Fixed plans require a base store of $2,000 in the Bronze arrangement.

You can pick between a Bronze, Silver or Gold arrangement for values, beginning at a $3,000 most small store and a base request of $2.50 for layered. The least stores for fixed plans start at $25,000.

The base beginning store is $2,000 or Euro same for forex, and the base exchange size is 0.01 parcels. Spreads start from 0.3 pips in the MetaTrader 4 stage.

Benefits

Advantages of exchanging with Colmex Pro include:

• Spreads from 0.3 pips on forex
• A large number of stocks accessible
• Managed in two wards
• Great selection of stages

Drawbacks

Restrictions of exchanging with this specialist include:

• No extra assets or instruments
• Restricted installment techniques
• Just multi-day demo account
• $500 least store
• Different expenses

Trading Hours

Working occasions for forex is 24 hours, from Sunday at 22:00 to Friday at 21:00 (GMT) in the MT4 stage. Spot metals and raw petroleum opens at 22:05 on Sunday and shuts down at 21:00 on Friday (GMT). Singular stock exchanging meetings can be found inside the Colmex Pro exchanging stages.

Customer Support

The multilingual client assistance group at Colmex Pro is accessible from Monday at 07:00 to Friday at 20:00 (GMT) through email, phone or live talk. There’s likewise a far-off help administration on the off chance that you encounter any specialized issues inside your exchanging stage.

• Email – support@colmexpro.com
• Telephone – +357 25 030036 (Cyprus)
• Head office – 8 John Kennedy Street, Kanika Enaerios Complex, Iris House, office 440C-D, fourth floor, Limassol 3106

Security

Most exchanging stages, including the generally utilized MT4, accompany standard SSL-encoded security highlights and 2FA login alternatives. These are intended to protect information trade among customers and intermediary workers. Colmex Pro could be more straightforward around security utilized in their proprietary stages.

Colmex Pro Verdict

Colmex Pro offers a huge scope of stocks with a decent decision of exchanging stages for value and CFD merchants. Notwithstanding the assortment of expenses, the 5-day demo account and $500 most miniature store may put off sure novices. Besides, the absence of instructive assets and apparatuses won’t be sufficient to challenge different contenders.

Accepted Countries

Colmex Pro acknowledges merchants from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations.

Alternatives to Colmex Pro

On the off chance that you are searching for options in contrast to Colmex Pro, we have ordered a rundown of the leading 5 specialists that are like Colmex Pro beneath. This rundown of dealers like Colmex Pro is arranged by likeness and incorporates organizations that acknowledge brokers from your area.

1. Hantec Markets– Hantec Markets is a multi-directed online FX dealer offering MT4 and custom-fitted assistance, providing colossal adaptability to suit any broker.
2. FXCC – FXCC is an exceptionally managed and dependable MT4 exchanging agent.
3. FP Markets – FP Markets is a multi-resource dealer offering a decision of exchanging stages.
4. Fortrade – Fortrade is a multi-resource agent offering a detailed live record with cutting-edge apparatuses.
5. HYCM – Trade on the monetary business sectors with minimal expense, utilized products at HYCM.

FAQ

Is Colmex Pro a scam? 

Colmex Pro is controlled in two locales, CySEC and FSCA, and is a real organization enrolled in Limassol, Cyprus. The specialist will probably not be a trick, yet dealers ought to investigate any likely representatives before settling on a choice.

Does Colmex Pro offer a demo account?

Indeed, the dealer offers a broker demo where you can rehearse your exchanging abilities with virtual cash. Note that the record is just accessible for 5 exchanging days.

What countries does Colmex Pro accept?

Colmex Pro acknowledges enlistments from various nations across Europe, Africa, Asia and the Middle East, including the United Kingdom, France, Turkey, Israel and Japan. The agent additionally acknowledges US residents, just as customers from Canada.

How much do I need to open a Colmex Pro account?

The base starting store needed to open a Bronze arrangement for stock CFDs is $500. Fixed designs for stocks start at $2,000. A Basic account for forex exchanging additionally begins at $2,000.

What can I trade at Colmex Pro? 

The merchant offers more than 9,000 stocks, in addition to many alternatives and ETFs. There are likewise 51 compelling, minor and fascinating monetary forms, 9 critical files, in addition to a bit of choice of valuable metals, energies and agricultural items.