In spite of the fact that Colmex Pro has a relatively little presence in the online trading markets worldwide, it is surely an important player for spot FX and CFD traders. So in case you are searching for CFD or Forex trading platform that can satisfy your needs, this one has some of the most attractive terms and conditions.
Colmex Pro offers particular account types and astounding trading points of interest for both of those trading markets. In fact, there are just two sorts of accounts given to Colmex Pro customers. Those are a live Equities/CFDs online trading account and a live Forex trading account accordingly.
The Equities/CFDs account is a different investment fund that begins with a 250 dollars minimum deposit amount and a 1:12 maximum leverage. There is an extensive variety of financial resources offered under this record.
They incorporate such assets as CFDs, indices, equities, bond. The cost for values and CFD exchanging begins from only 1.5 dollars for CFDs and 4 dollars for equities (it can go up to 9.95 dollars per exchange).
The platform’s commissions and charges are dictated by the amount that trader deposits. The higher it is, the better exchanging conditions and lower exchanging costs a trader can enjoy.
The Colmex Pro Forex account is a genuine ECN account that begins from tight Colmex Pro spreads of 0.3 pips. Obviously, ECN accounts contain commissions that begin from 1.5 dollars per trade.
However, the commissions can get more costly for those accounts that were opened with a littler initial deposit. You can open the ECN account with as little as 250 dollars, which is one of the essential preferences of opening a Colmex Pro account.
The most extreme Colmex Pro leverage is 1:200 and can be utilized to exchange all money pairs and wares accessible in the market.
In spite of the fact that 250 dollars is an adequate amount of money to start trading with for ECN account deposits, the organization ought to have offered access to traders with a lower starting capital as well, in our opinion.
In any case, the one valuable thing about this platform is that it removes the perplexity from traders about account choices. It is a clear decision between picking a FOREX exchanging account or an Equities / CFDs account.
Who Is Regulating Colmex Pro?
Colmex Pro is located in Cyprus which means it’s regulated by CySEC. All things considered, the organization is taking a good care of its administrative status and definitely demonstrates a point on the market by being approved and controlled by various administrative associations in the EU territories.
Colmex Pro is presently managed by the FCA in the UK, ACPR in France, BaFin in Germany, CNMV in Spain. FCA and CySEC are the most powerful regulatory bodies in Europe and being regulated by them plainly assures that all traders on the platforms are secured under the individual FSCS and ICF activities, and also require the specialist to keep customer finances in isolated records in dependable financial foundations in Europe.
A solid EU control is an important path for building up trust in the platform’s traders. Yet, the absence of any US direction is obviously a disadvantage for a platforms that has been active for so long on the markets.
Choose From Many Different Platforms
Colmex Pro made sure to create and offer numerous platforms for successful and convenient trading. If you are trading Forex and commodities can settle on a decision between such platforms as the Colmex Pro Expert, Colmex Pro Trader, the MT4 platforms for putting resources into the business sectors.
In the meanwhile, if you are one of the CFD and equities traders, you can take advantage the Colmex Pro Trader CFD version. On the off chance that you are a bit confused by the huge number of the platform choices, it is important to understand that every one of them offers something different from the other.
All of them offer numerous tools, charts, outlining graphs and market data which enables you as a trader to settle on an educated trading choices that can benefit your tradings.
Clients can likewise get to the Colmex Pro versatile trading platforms accessible for both the Pro Trader and the Pro Expert adaptations, while MT4 clients can download the particular MT4 portable applications for their iOS and Android mobile devices.
It’s difficult to pick between the various platforms available here. As a trader, you ought to try demo trading on these diverse platforms first before settling on a decision. You have the alternative of opening a Colmex Pro demo account,which won’t just help you to assess the diverse technology available here but help you in understanding the essential Colmex Pro trading condition and possibilities.
Commissions and Spreads
Your spreads for currency trades depend on your initial deposit and start from as little as 0.9 pips. The commissions that are charged by Colmex Pro broker are much the same and there is a few different plans that are available to traders.
Commission Charges for Equity Trade
- Plan A1. $4 for one trade. Minimum deposit 10.000 dollars
- Plan A2. $4.5 for one trade. Minimum deposit 5.000 dollars
- Plan A3. $5 for one trade. Minimum deposit 250 dollars
- Plan B. $6.95 for one trade. Minimum deposit 25.000 dollars
- Plan C. $9.95 for one trade. Minimum deposit 50.000 dollars
- Plan D $4-6 for one trade
Commission Charges for CFD trades
- Plan A1. $1.5 for one trade. Minimum deposit 10.000 dollars
- Plan A2. $2 for one trade. Minimum deposit 5.000 dollars
- Plan A3. $2.5 for one trade. Minimum deposit 250 dollars
- Plan B. $6.96 for one trade. Minimum deposit 25.000 dollars
- Plan C. $9.95 for one trade. Minimum deposit 50.000 dollars
- Plan D $1.5-2.5 for one trade
Are There Any Bonuses?
Surprisingly, Colmex Pro traders don’t get any Colmex Pro account bonuses as it is the thing that is usually practiced by other brokers on the market. Rather, they have a tier-based bonus program accessible for existing customers, which can be reclaimed for money or trading credit funds. In this way, there is extra motivation for advancing your Colmex Pro trading.
Colmex Pro Customer Service
The one thing about Colmex Pro that is not perfect and can be improved is their customer support service. It is solely accessible via email or phone calls. It takes a while for clients to get in touch with the company representatives with their messages and the best way to get fast support is only to call them. The possibility to live char is surely missing here, and the organization ought to give careful consideration towards enhancing their client support possibilities.
But all in all, Colmex Pro offers a great service that give traders a lot of flexibility and benefits when setting up an account comparing to standard Forex brokers out there. In our view, with more efforts and promotions, this broker can go far in the future.
Colmex Pro is regulated under CySEC. This way, you can be guaranteed that Colmex Pro has met all the regulatory law requirements set in European Union. Furthermore, your funds are protected with this broker as they have to be kept in isolated bank accounts.
Concerning their services, Colmex Pro has to offer a broad scope of platforms for trading and trading accounts to their users. Therefore, because of the exceptional quality of their item offerings, this broker is suitable to choose for your trading, especially if you are an experienced trader.
- Regulated by CySEC and other regulatory bodies in Europe
- Many trading platform choices available
- No restrictions on placing traders
- News Trading
- Difficult to understand commission plans
- Customer support via phone or email only
- Only English Support available
7 Binary Options review: Colmex Pro: 4 stars