Colmex Pro Review Is Colmexpro.com A Scam Forex Broker

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Colmex Pro Review: Is Colmexpro.com A Scam Forex Broker?

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Trading in financial instruments involves risks and you may lose your entire investment

  • EU regulated firm
  • Instant execution
  • Up to 1:5 margin level for stocks
  • Up to 1:30 margin level for forex
  • Variety of Platforms to match your trading needs

WHEN IT COMES TO TRUSTING A FIRM WITH YOUR INVESTMENT AND TRADING NEEDS, LOOK NO FURTHER THAN COLMEX PRO

  • Six different platforms available
  • A regulated specialist in investment services
  • Range of investment tools to capitalize your time
  • No trading restrictions
  • FREE research tools on your Trading platform
  • Extensive range of stops, limits and alerts
  • Unique and Flexible Account Solutions for Traders
  • Easy access to the worldwide markets. Mobile, Web, Desktop
  • 24-hour support from our international dealing desk team
  • Tradenet team will provide (technical) support to clients in relation to the platform, website, account opening procedure and assistance in uploading documents in the platform

US MARKET

Colmex Pro provides its investors access to the world’s most trusted markets, including NASDAQ and the New York Stock Exchange. We are committed to providing reliable, low-cost trading to all our clients. Colmex Pro has long-standing relationships with many of the top global banks.

We have more than a decade of experience in trading on Wall Street and other world markets, and are heavily regulated by the EU to ensure transparent, credible trades.

Colmex Pro offers a variety of tutorials on this site, in addition to the demo accounts, to help newbies learn how to make the most of their investment opportunities.

  • No conflict of interest between the broker and trader
  • Stops, limits and entry orders that are not seen by price providers
  • Trade during breaking news events
  • Receive positive rolls at all margin levels

FX & COMMODITIES

Forex allows a variety of buyers and sellers to trade around the clock, excluding weekends, all over the world.
Forex are traded in 22 currencies globally, and that helps determine the respective values of each currency.

Commodities – such as silver, gold or oil are usually traded as futures. In the financial realm, futures contracts are an agreement between two parties to trade a commodity for a previously agreed-upon price, with the commodity delivered at a future date, hence the title futures. Because Colmex Pro trades futures in the Forex market, you can be sure that your commodities will be traded fairly and quickly.

  • Mobility: You can open and close your Forex positions from anywhere in the world.
  • Tight Spreads: market doesn’t have to fluctuate before the position is profitable.
  • No Requotes: The price you’re quoted is the price you get with us.

SECURITY AND PROTECTION

As a regulated investment firm, you can be confident that Colmex Pro meets the strict standards of financial stability and correct behavior funds. Your security has been and will continue to be our top priority. Our aim is to promote the emergence of an efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection.

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APPLYING FOR AN ACCOUNT WITH COLMEX PRO IS EASY,
START BY SELECTING AN ACCOUNT TYPE BELOW

Stocks and CFD Trading in Wallstreet

When deciding which account(s) to choose, consider Colmex Pro Live Equities/CFD on Equities. For starters, you might be wondering what CFDs are. In short, CFD stands for contracts for difference, meaning that investors are allowed to trade a variety of products or commodities without having to own or purchase them. CFDs are becoming more popular among investors, since they also offer the added benefit of leverage. Colmex Pro offers a healthy leverage of up to 1:5. In addition, trading CFDs allows you to diversify your portfolio. A Colmex Pro CFD account can be started right away, with the required $2000 minimum deposit.

Foreign exchange trade

Use our advanced technology platforms to trade in the largest market in the world, the Live Forex. With your Live Forex account, you can trade at a competitive and transparent level, with endless market depth. Also, don’t forget the added benefits of our phone dealing desk and live support, always ready to help with all of your questions and guide you through the process. With that you also receive tight spreads from 0.3 pips, market leading prices with fractional pricing, rapid execution, trade the lot size you want, as well as EA’s and HFT.

EASY ACCESS TO STOCK EXCHANGES WORLDWIDE

When you decide to trade with Colmex Pro, you can rest assured your transactions will be safe, confidential and secure. Colmex Pro meets and exceeds all of the required regulations to operate within Europe and beyond.

Colmex Pro provides trading and investing services to thousands of client accounts all over the world that total billions in volume.

Centrally located in Europe, and through a network of global partners, we are well positioned to provide you with fast, reliable transactions.


24HR CROSS EXCHANGE TRADING

Risk Warning: Trading in financial markets carries risks. The value of the investment can both increase or decrease and the investors may lose all their invested capital. Leveraged products may not be suitable for everyone and you should ensure that you understand the risk involved. For more information on risks associated with trading in financial markets please read our General Risk Disclosure .
The Company is not in the position to assess your full compatibility with the products offered through its platforms.
Colmex Pro Ltd [HE260064] is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 123/10.Colmex Pro Ltd is authorised as a Financial Services Provider (with licensing number 46990) by the Financial Services Board in South Africa.8 John Kennedy Street, Kanika Enaerios Complex, Iris House, office 440C-D, 4th floor, Limassol 3106., Cyprus Tel:+(357) 25-030036, Fax: +(357) 25-030037


Minimize your Risk


Get Colmex Pro Protected Account

All profit – you keep
All losses – on US

$1500 deposit – any losses the trader will make in his first 30 trading days we will cover (up to $1500).

Open your online Trading Account with only $3,000

Opening a new account with Colmex Pro is fast and Easy. Choose one of our many account options and get started today

Save money!
Trade with no commissions for 3 months

Open your trading account with us and forget about trading commissions!

For the first 3 month Up to $170 in commission return.

Colmex Pro offering
3 month commission refund

Open your trading account with us and forget about trading commissions!

For the first 3 month Up to $170 in commission return.

Open a $500 micro account and Receive $100 Welcome bonus!

Start trading with Colmex Pro now and get your sign-up bonus with no restrictions on profits and deposit withdrawals

Trade the largest Markets with Colmex Pro

Colmex Pro offers full-featured, low-cost brokerage account with online trading of European & US CFD’s

NASDAQ | NYSE | FTSE | DAX | CAC | FTSE MIB

Trading in financial markets carries risks. The value of the investment can both increase or decrease and the investors may lose all their invested capital.

Live Support +357-25030036 | Remote Support

Colmex Pro Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 123/10.

Colmex Pro Ltd is authorized as a Financial Service Provider (with licencing number 46990), by the Financial Services Board in South Africa.

8 John Kennedy Street, Kanika Enaerios Complex, Iris House
office 440C-D, 4th floor, Limassol 3106
Cyprus Tel:+(357) 25-030036, Fax: +(357) 25-030037

Risk Warning: Trading in financial markets carries risks. The value of the investment can both increase or decrease and the investors may lose all their invested capital. Leveraged products may not be suitable for everyone and you should ensure that you understand the risk involved. For more information on risks associated with trading in financial markets please read our General Risk Disclosure .
The Company is not in the position to assess your full compatibility with the products offered through its platforms.
Colmex Pro Ltd [HE260064] is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 123/10.Colmex Pro Ltd is authorised as a Financial Services Provider (with licensing number 46990) by the Financial Services Board in South Africa.8 John Kennedy Street, Kanika Enaerios Complex, Iris House, office 440C-D, 4th floor, Limassol 3106., Cyprus Tel:+(357) 25-030036, Fax: +(357) 25-030037

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Eighty-eight percent of retail investors accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Colmex Pro Review – Is it scam or safe?

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Commission and/or Avg. Spread
Equities/CFD on Equities $10k/$3k 0.1 1:100 From $4 per trade/$1.5 per trade
Forex $400 0.01 1:400 0.9 pips on EUR/USD + $3 – $15 per lot per side

There are two basic accounts with this broker, depending on the financial instruments used: Equities/CFD on Equities account and Forex account. Both account types offer a different plans with varying trading conditions, based on the deposited amount and trading platform used. For instance, if an Equities/CFD on Equities account holder wishes to use the Expert platform, a minimum initial funding of $50,000 is required.

The Company

Colmex Pro is the trading name of Colmex Pro Ltd., a CySEC-regulated company, offering NDD (No Dealing Desk) trading in forex, CFDs, stocks, futures, options through both in-house platforms and the popular MT4.

Security of Funds

Colmex Pro Ltd., doing business as Colmex Pro, is licensed and regulated by the Cyprus Securities and Exchange Commission(CySEC). What is more, the company is also registered with FCA and a number of other EU regulators.

CySEC applies certain rules to license holders, one of them being the requirement to hold a minimum of €1,000,000 in order to prove their financial stability. As regulation of financial services providers usually involves such a requirement, UK-based brokers, for instance, are obliged to hold a minimum of € 730 000 and those in the US – $20 million.

Furthermore, the Cypriot financial watchdog applies a compensation scheme as additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, where customers of authorized financial services firms may receive a compensation, amounting to a maximum of 20,000 EUR,in the event that the brokerage becomes insolvent or ceases trading. Similar compensation schemes apply in other jurisdictions: FCA-regulated brokers in UK, for example, are under the umbrella of the Financial Services Compensation Scheme, where the maximum compensation cover is £50,000 per person.

Trading Conditions

Minimum Initial Deposit
Colmex Pro accounts require a minimum deposit of $400, which is on the upper end of average. In comparison FxPro requires $500 from traders to start with, FXTM – $100 and Exness demands no initial deposit (as regards its Mini account).

Average Spreads & Commissions
This broker offers variable spreads. The average spread with Colmex Pro is a comparatively low one – 0.9 pips on EUR/USD, however, a commission fee ranging from $3 (for VIP groups) to $15 (for basic groups) per lot per side applies. The commission incurred on the Forex Standard plan account is $8 per lot round turn, so this makes an average spread of around 1.7 pips on EUR/USD with the commission included, which is considered comparatively high.

In comparison, FxPro offers average spread of 1.4 pips on the EUR/USD for its commission-free accounts. You may look up real-time spreads of 15 leading brokers here .

According to the contract specifications on the Colmex Pro’s website, If the maximum spread amounting to 2 pips on EUR/USD applies, commissions and spread mark-ups are excluded.

Maximum Leverage
The maximum leverage with this broker is offered on the MT4 platform and is 1:400 for the Forex account, which is a comparatively high rate, as some jurisdictions set limitations on leverage, which are significantly lower, for instance, in the USA, maximum leverage allowed is 1:50. The reason for this restrictions is that higher leverage levels may not only multiply traders` earnings on a small deposit, but also lead to heavy losses in excess of the initial deposit. Nonetheless, if you are willing to take the risk, other Cyprus-based brokers offer even higher leverage than Colmex Pro : XM – up to 1:888, FXTM – up to 1:1000 and Exness – up to 1:2000 (the highest available level in the industry). More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Trading Platform

Colmex Pro offers several proprietary platforms, as well as the industry’s standard MetaTrader 4.

Colmex Pro Trader platform provides real-time, streaming market data in dynamic displays, fast order execution and what is more, users may see daily listing of top 20 performers. Besides, this platform allows you to manage multi-accounts and is available in 11 different languages. Furthermore, the broker offers Colmex Pro Trader CFD, a version of the platform specializing in CFDs trading.

The Colmex Expert platform is a significant upgrade to Colmex Pro Trader, offering solution for professional traders.
This platform is equipped with advanced charting including over 100 built-in indicators, studies and tools, full back-testing system, complete scripting language for all asset classes to design custom executable scripts. It also features a Managed Account Trading (MAT) tool for traders managing multiple accounts and is available as s mobile version.

Furthermore, Colmex Pro has combined its non-deal-desk forex execution with the MetaTrader 4 platform. MT4 is preferred platform by most traders, because it offers a number of technical indicators, extensive back-testing environment, advanced charting package and what is more – Expert Advisors (EAs). By downloading ready-made or creating their own EAs, traders are able to fully automate their trades and just sit back and let the program do all the work. Here is a list of more forex brokers offering MT4 platform.

Methods of Payment

Colmex Pro offers its clients the following payment modes: bank wire, credit/debit cards (Visa, MasterCard), e-wallets (WebMoney, cashU, MoneyBookers).

Conclusion

Colmex Pro is a well-regulated broker, offering a wide range of financial products and competitive spreads, however it charges high commission fees. In a nutshell, here are the advantages and disadvantages with regards to this broker:

ColmexPro.com Review Visit site

About ColmexPro.com

ColmexPro is a forex broker. Colmex Pro offers the MT4, Web Trader and Mobile forex online trading top platforms. ColmexPro.com offers over 50 forex pairs, stocks, cfds, futures, options, gold and silver for your personal investment and trading options.

  • Information
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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $2,000
Established: 2020
Address: 8 John Kennedy Street, Kanika Enaerios Complex, Iris House, office 440C-D, 4th floor, Limassol 3106, Cyprus
Contact: [email protected], +1800-213-2170
Regional offices:
Regulators: CySEC #123/10, ACPR #73709, BaFIN #124339, FSB #46990, CMNV #2855, FCA #547535
Prohibited countries: Unknown

Yes

Yes

Yes

Trading platforms: MT4, WebTrader, Colmex Pro Multitrader
Web Trading:
Mobile Trading:
ECN:
Currencies: (50+)
Cryptocurrencies:
CFD: (30+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities

Yes

EAs/Robots:
Deposit Methods: Bank Wire, VISA, MasterCard
Withdrawal Methods: Bank Wire, VISA, MasterCard

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Consumer Reviews

In 10 years of trading i never see a broker like this, very bad experience.

I start trading with them 4 of December of 2020 the account opening was great my account manager contact me a few times by email and phone.
After i start trading and made some profits, day 28 January of 2020 all hell starts, i receive email saying this:
” Please be informed that following a check done by our compliance department, your account CFX. is under review. During this period your account is suspended from trading and deposits or withdrawals.
You might be asked for additional information. We will update you as soon as the review is done. “

With this untill now nobody from the company contact me anymore and don´t reply to my emails. I filled the form to ask for the withdraw 2 weeks after that email, and almost a month pass and still don´t receive a single explanation.
This guys have my deposit of 10k more 4k profit, even the deposit that i made they don´t process the withdraw.

Last week i ask a friend of mine to open account with them and ask about the FPA reviews, they reply this to my friend:
” First, I understand your concerns, But, here is the truth and I hope you’ll understand. Unfortunately, ColmexPro has fallen victim to the deception of a group of financial criminals who have tried to ploy the trading system and generate profits through various fraudulence schemes. ColmexPro identified the unusual activity and immediately closed the clients’ accounts. Moreover, although it is clear that these customers are charlatans, ColmexPro returned their initial deposit amount, while of course excluding the fraudulent gains, which were accumulated in the short time that had passed until their fraud attempt was discovered. These customers are now squeezing ColmexPro (which was probably a part of their goal in the first place) with the threat that if they are not paid tens of thousands of dollars, they will continue to defame the company. As can be seen for years there was no complaint about ColmexPro being a reliable and recommended broker. Suddenly within the period of 3 days there are a variety of complaints in a variety of sites – obviously this is something artificial and an attempt to blackmail. You can see that all the complaints were submitted on the same month. Colmex chose not to respond or to confront these fraudsters at the sites themselves because it would only increase their strength and be exploited by them to demand higher extortion fees. “

I am none of the things they mention (financial criminals, fraudulence schemes, charlatans,fraudsters, etc.) and still i didn´t get my deposit back like they say in the email ” ColmexPro returned their initial deposit amount ” .
I have no intention to defame or blackmale anyone, i just want my money back.

Even this is a lie: ” As can be seen for years there was no complaint about ColmexPro being a reliable and recommended broker. ” , as all can see there are cases posted on late 2020 early 2020 describing similar situations.
Scam broker.

I have opened CFD account with Colmex on 01/11/19. On 24th of January 2020 I was unable to log into the trading platform. After emailing Colmex Pro support I was informed that my account is suspended for 48 hours due to review of my trading activity. On 25th of January I have send an email asking what are the details of that suspension. Colmex Pro replied on 28th of January stating that in accordance with the Regulation (EU) No 596/2020 some or all of my trading activity may fall within the definition of market abuse. I replied that I have only made 18 trades (36 tickets on 11 symbols) so it should be easy and fast to check if any of my trades fall into the above. Also mentioned that in my long trading career I have not changed my strategy and none other broker has blocked my account.

Last contact with the company was on 1st of February, but nothing solid from them:


Kindly note that the Company is putting all of its efforts to make the investigation process as fast and smooth as possible and will update you shortly with the further information needed or the outcome of the investigation in regard of the suspicions raised. At this point the Company does not have an accusation, but merely suspicion that needs to be checked.

Therefore, kindly consider yourself open for any assistance in the investigation if it will be needed to speed up the process. Any information provided by you will be treated with strictest confidentiality. “

I have send official complaint to them about it. According to https://www.cysec.gov.cy/en-GB/complaints/how-to-complain/ they did not give me a uniqe reference number. Moreover they did not even reply to my offical complaint.

Also I have send them withdrawal request. Wanted them to send me all the funds on my account and close it. They did the same, did not even reply to my email.

Finally I wanted to mention that from the start I was consistable with my strategy and gaining small profits.

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