Min Deposit
USD 100
Regulators
CySEC, MiFID
Trading Platform
Colmex Pro Expert, Colmex Pro Trader, MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Colmex Pro at a glance
| Broker's Name | Colmex Pro |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | CySEC, ACPR, BaFIN, FSB, CMNV and FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo / Practice Account | Yes, 100% Free |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 30 |
| 💰 Minimum Deposit | $ 500 |
| 👉 Sign Up Bonus Programme | No sign up bonus |
| 💳 Deposit Options | MasterCard Visa Bank Wire Transfer |
| 💳 Withdrawal Options | MasterCard Visa Bank Wire Transfer |
| 💻 Platform Types | MetaTrader 4, Webtrader, Colmex Pro Multitrader |
| 📱 OS Compatibility | PC, Mac, web, Android, iOS |
| 📈 Tradable assets offered | Over 110+ financial instruments that include forex, CFDs, precious metals, stocks, indices, commodities, bonds, and cryptocurrencies |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | In 8 languages that include English and Spanish |
| 📆 Customer Service Hours | 24/5 |
Choose your quick section of our Colmex Pro Account Types below.
Colmex Pro Sign Up Bonus – 7 Key Points Overview:
- ✔️Colmex Pro at a glance
- ✔️Overview
- ✔️Account Types
- Account Features
- Demo Account
- Islamic Account
- Pros and Cons
Here is an overview of the Colmex Pro Account types as well as the treading features and benefits offered for each account.
Overview
Colmex Pro was founded in 2010 and is a Cypriot Forex broker company that headquarters in Limassol, Cyprus. Since its inception, the company has spread its wings and today have offices all over Europe. The broker operates in the European Union jurisdiction under strict regulation that enables them to provide their clients with a transparent, trustworthy, and respected trading environment.
Because Colmex Pro is situated in Cyprus it is regulated through CySEC and falls under the MiFID derives of the European Union. All the regulatory licenses are implemented under the European Economic Area (EEA) agreement. Due to the strict regulations of the regulatory bodies, all client funds must be kept in a segregated bank account with top-tier banks. The broker abides by this rule and all client funds are held separately from the assets of Colmex Pro and can only be used by clients.
Colmex Pro is also a member of the Investor Compensation Fund (ICF) which means that claims clients have if the broker should go insolvent are covered. Many Europeans use Colmex Pro mainly for the purpose to trade on the USA stock markets. Customers from the United States are not accepted as clients at Colmex Pro.
With Colmex Pro, traders have the option of opening several live account types and trade in more than 110 financial instruments. They also have a choice of three trading platforms to suit the needs of most traders, whether they are just starting out or are more advanced traders.
Account Types
Colmex Pro has four live account types to choose from. It also offers traders of the Muslim faith with the option to open an Islamic Swap-free account and for beginner traders, or those who want to first see what the broker has to offer, a demo account is also available. The broker offers competitive trading conditions and comprehensive solutions and services through these live account types.
Account Features
The following features can be expected from the different live account types:
Live Equities or CFD on Equities
️ This account type is designed specifically for traders who only want to trade stocks and CFDs
️ Offers maximum leverage of 1:5
️ On the CFD Accounts a minimum deposit of $ 2 000 is required
️ On the Equities Accounts, a minimum deposit is $ 3 000 is required
Live Forex Account
️ Spreads start from 0.3 pips
️ Traders you can trade at a competitive and transparent level, with endless market depth
️ It has the advantage of a phone dealing desk and live support
️ It offers market leading prices with fractional pricing, flexible leverage options, and rapid execution
️ Trade in the lot size you want
️ Provide EA’s and HFT
Colmex Pro Pricing
With this account type, traders have a choice between three account types, namely a Semi Standard Account, Standard Account, and a VIP Account.
️ The Semi Standard Account gives access to trade forex and commodities
️ Uses the MetaTrader 4 platform
️ The Standard Account gives access to the forex market with low commissions on trades
️ The VIP Account is designed for professional traders who trade huge volumes on a regular basis and need the best possible conditions that the broker can offer
Demo Account
Colmex Pro offers traders the option of opening a Demo Account which can be utilized in many ways. It is first seen as a practice account for beginner traders. They still need to improve their trading skills and experience in a risk-free environment through the utilizing of virtual funds.
Through the demo account, traders get to train with real quotes and to test and produce different trading strategies that best suit you. Beginner traders also could get the in-depth learning experience in live equities that is needed to make the most of their investments. It is also the ideal training tool for traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
Brokers can also be evaluated and compared using the demo account. This is easy when done in a risk-free environment and allows traders to explore the trading conditions of Colmex Pro. The demo account sign-up with the Colmex Pro demo is hassle-free and digitalized and is a free account and valid for a period of 14 days. As soon as you are registered for a demo account, download, and install the trading platform you want to use and start practicing trading.
Colmex Pro Islamic Account
An Islamic Account caters specifically for the Muslim clients who strictly follow the Sharia law. This law prevents its followers from paying any type of interest which is see as exploitive and wasteful, such as overnight fees. Overnight fees are usually charged if traders hold positions open for longer after the trading day has concluded. An Islamic account allows exemption from such fees, or interest, should clients hold positions open for longer.
Clients have the option to open an Islamic Account with Colmex Pro. Unfortunately, not much information is forthcoming on the website of the broker. Traders that are interested to open such an account should contact customer services for more information on the opening of an Islamic account and its features.
Min Deposit
USD 100
Regulators
CySEC, MiFID
Trading Platform
Colmex Pro Expert, Colmex Pro Trader, MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ColmexPros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account available | Clients from United States not accepted |
| Islamic Account available | Commission charged |
| MetaTrader 4 offered | Limited payment methods offered |
| Multiple trading instruments on offer | No fixed spreads |
| Segregated client funds used | Website not highly informative |
| Well-regulated through CySEC, ACPR, BaFIN, FSB, CMNV and FCA. |
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Frequently Asked Questions
Trading environment
How many instruments can I trade with Colmex Pro?
You can trade in over 110 financial instruments that include:
- Forex
- CFDs
- Precious metals
- Stocks
- Indices
- Commodities
- Bonds
- Cryptocurrencies
Which platforms are supported by Colmex Pro?
- MetaTrader 4
- WebTrader
- Colmex Pro MetaTrader
Does Colmex Pro offer leverage?
Yes. Leverage of up to 1: 30.
What spreads can I expect with Colmex Pro?
You can expect variable spreads on the various accounts starting from 0.3 pips.
Does Colmex Pro charge commission?
Yes. Commissions are determined on the asset you trade in as well as the plan you invest in. Commissions on the Standard Account range from $ 0 up to $ 8 per round turn.
It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.
Are there additional charges on the Islamic account?
This is not indicated on the website.
Is Colmex Pro regulated?
Yes. Colmex Pro is regulated by CySEC (Cyprus), ACPR (France), BaFIN (Germany), FSB (South Africa), CMNV (Spain), FCA (United Kingdom).
Is Colmex Pro a recommended forex trading broker for experts and beginners?
Yes. Colmex Pro offers a trading environment for both beginners and expert traders.
What is the overall rating out of 10 for Colmex Pro?
7/10.
Accounts
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Colmex Pro offer a demo account?
Yes. The broker does offer a demo account.
For how long is the demo account valid?
The demo account is valid for 14-days.
Does Colmex Pro offer the option of an Islamic Account?
Yes. Colmex Pro offers the option of an Islamic Account for traders of the Muslim faith.
Which live trading accounts does Colmex Pro offer?
Colmex Pro offers four live account types as well as an Islamic Account for Muslim Traders.
What are the available deposit currencies for a live trading account?
EUR and USD.
Deposits and withdrawals
What is the minimum deposit for Colmex Pro?
$ 500.
How do I make a deposit and withdrawal with Colmex Pro?
- MasterCard
- Visa
- Bank Wire Transfer
Does Colmex Pro charge withdrawal fees?
Yes. For withdrawals, the first transaction of the month under or equal to $ 500 is free, after that a fee of $ 40 is charged.
How long does it take to make a withdrawal?
Withdrawals by means of certain methods may be processed within a day but depending on bank services it may take several days for the money to be available.
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