ColmexPro Broker Review

ColmexPro is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Thus the broker follows the regulatory standards of the European financial authorities and monitors precise due diligence procedures and practices.

Key gateways

1. The progressive trading platform has all tools a trader and modern investor might need, user- friendly and intuitive interface, an impressive charting package with the ability to trade from the chart, powerful analytical tools, unique stock screeners and much more.
2. Order execution time of 31 milliseconds can assure a trader’s order will be delivered to the market in a flash. The Broker uses the latest network connectivity technology to provide our clients with lightning-fast order execution.
3. The safety of your funds is very important for ColmexPro. The broker uses segregated bank accounts for their customer’s funds. MIn other words, your money is separated from Colmex Pro’s assets. In addition, all deposits are covered by the Investor Compensation Fund up to EUR 20,000.

Overview

Account types and fees

Colmex Pro offers tiered or fixed plans for stock CFDs and equities. For Stock CFDs, the tiered plans on offer are Bronze, Silver, Gold, Platinum and Diamond. Minimum deposits in the Bronze plan start at $500, with a minimum order of $1.50.

For equities, you can choose between a Bronze, Silver or Gold plan, starting at a $3,000 minimum deposit and a minimum order of $2.50 for tiered.

For forex, the minimum initial deposit is $2,000 or Euro equivalent and the minimum trade size is 0.01 lots. Spreads start from 0.3 pips in the MetaTrader 4 platform.

Deposits and Withdrawals

ColmexPro offers two payment methods – credit card and bank wire. There is no charge for in-coming wire. Out-going Wire is free for the first withdrawal of the month of less than $500. Otherwise, the trader pays $40 per wire (30 EUR for Euro-based accounts)

Deposits and withdrawals not made in US Dollars to/from USD-based trading accounts, will be exchanged to/from US dollars according to bank check exchange rates. When the client withdraws funds, it is the Company’s standard practice to send the money back to the client in the same currency the money was originally deposited.

Trading Platforms

Colmex Pro 2.0

The broker’s proprietary platform that can be downloaded by Windows PC and Mac users, is suitable for both beginners and professional traders. Colmex Pro 2.0 has a highly customizable interface.  Traders can access simple charts as well as advanced analytical tools. Features include:

• Level 2 data from a Super DOM panel (Depth of Market)
• 14 chart styles including Heiken Ashi and Cluster charts
• 47 chart indicators plus custom indicators
• All advanced order types plus hotkeys
• Real-time stock screeners
• Stock market history

Colmex Pro MultiTrader

The MultiTrader platform offers a robust institution-grade software for experienced traders. TColmexPro MultiTrader comes with several intuitive and advanced functions. It includes low-latency and real-time data, order routing technology, Level 2 quotes for equities and options, as well as basket trades. Moreover, traders also get access to a list of the top 20 and worst 20 performers, which is updated in real-time and helps a lot for day traders.

MetaTrader 4

ColmexPro also offers access to the most popular trading platform – MT4. It is available for both Windows and Mac users. They can access a range of tools to suit their strategy, including market and pending orders, instant execution, stop orders and trailing stop.

Moreover, there are interactive charts with 9 time periods, plus 23 analytical objects and 30 built-in technical indicators. Besides, traders can also subscribe to signals and copy trading, or recruit algorithmic robots from the MetaTrader Market. It is a great plus for beginners.

Customer Support

ColmexPro offers its clients multilingual customer support that is available from Monday at 07:00 to Friday at 20:00 (GMT), via email, telephone or live chat. There’s also a remote support service if you are experiencing any technical issues within your trading platform.

• Email – support@colmexpro.com
• Telephone – +357 25 030036 (Cyprus)
• Head office – 8 John Kennedy Street, Kanika Enaerios Complex, Iris House, office 440C-D, 4th floor, Limassol 3106

In conclusion

ColmexPro offers a vast range of stocks and other tradable assets with a good choice of trading platforms. The EU regulation and affordable min. deposits make broket attractive for both professional traders and beginners. Moreover, multilingual support and bilingual blog help traders from different countries to learn.