Colmex Pro Review 2023
|By: Jeremy Biberdorf||Mar 28, 2023|
Colmex Pro is an online trading platform that serves international retail clients and institutional clients, enabling them to invest in a variety of asset classes including stocks, CFDs, and forex.
The company offers low minimum capital requirements, support for multiple categories of trading accounts, and even its own dedicated trading platform (Colmex Pro Trader).
Of course, there are many different desktop and mobile trading platforms available online these days. What makes Colmex Pro stand out from the rest? Well, keep reading to find out in this Colmex Pro review!
|Proprietary trading platform||Minimum deposit: $500 - $50,000|
Fees per share: $0.01 - $0.08
|Free five-day demo account|
Colmex Pro is best for…
Experienced traders who have spent a lot of time navigating the stock markets (both domestic and foreign). As the platform offers various types of advanced order types (including margin trading) and focuses heavily on CFD trading accounts, there is always the risk of losing money.
However, for those who feel confident in their trading abilities, Colmex Pro has a lot to offer. With relatively low trading fees on higher-tier accounts, an easy-to-operate withdrawal request system, and the ability to trade using your preferred trading environment, Colmex Pro is an excellent option for advanced traders around the globe.
- Free demo account
- Support for multiple trading platforms
- Wide range of tradable financial assets
- Only one free withdrawal per month
- Demo is only for five days
- Limited tools & resources
What is Colmex Pro?
Colmex Pro is one of the many online trading platforms headed out of Cyprus. Specializing in CFD trading with support for margin, stock, indices, forex and commodity trading, the platform is ideal for traders who want the ability to navigate through different financial markets without needing to use multiple proprietary platforms.
The platform offers support for different types of accounts, including demo accounts and the Colmex Pro Islamic Account. Having these options presents opportunities that may not be found on alternative websites.
Requiring a relatively minimal initial deposit and granting instant access to over 9,000 US stocks, Colmex Pro is a platform that can be very profitable with the right combination of skill and luck.
The exact features one can take advantage of will depend on which trading platform you decide to use to conduct trades.
Users have the option of using Colmex Pro 2.0, MetaTrader 4, or MultiTrader to conduct trades. This is very nice as traders—such as current MT4 users—-will have less of a learning curve to deal with.
These platforms give access to various tools that can be helpful when viewing tradable assets such as chart indicators, support for various chart styles, Level II depth of market information, base currency comparison tools, and other technical analysis features.
Colmex Pro’s leverage offerings aren’t very large compared to alternative companies, although this could be a positive thing for newer traders who are still brushing up on their skills. Currently, the company offers a 1:30 leverage on forex trades, with a 1:5 margin being offered for other markets.
Pricing & Plans
Surprisingly, Colmex Pro does offer both free and paid services. Let’s take a quick look at the difference between the two!
The platform has a blog that’s updated semi-regularly. Unlike many other platforms, it doesn’t offer a dedicated FAQ section, which is a bit odd. The blog is free, but it won’t keep you occupied for very long.
The biggest feature offered for free is the demo account! With a demo account, users can get used to navigating the currency exchange markets and master the art of trading with a non-existent level of risk (since the demo account only uses virtual funds!).
As segregated accounts, your performance and/or trades in a demo account won’t have any effect on your actual trading account if you choose to open one. Being free, you won’t have to pay the Colmex Pro minimum deposit for a demo account.
However, you’ll want to be prepared for this upcoming expense anyway, as the demo account can only be used for five days before you’ll need to switch to a paid account.
This institutional and retail trading provider doesn’t charge you any recurring fees to use its services. That said, it’s not entirely free either.
Before you can start taking advantage of investment opportunities and working towards your investment objectives, you’ll need to make a deposit for your account. Minimums vary depending on the type of account you’re trying to open, from as little as $500 to as much as $50,000.
You’ll be charged commissions when making trades initially, but you can upgrade to a fixed-fee account later on (at the company’s discretion). We recommend checking the company’s website for the latest fees, as these are subject to change and vary depending on the types of trades you’re making.
Is Colmex Pro Right for You?
If you live outside of the United States and need a way to access the markets then Colmex Pro could be the perfect platform to day trade on! Its relatively low minimum deposit requirement, secure operations, and multi-platform support make it an attractive option for international traders.
Create a paid account or try out the demo on Colmex Pro today by clicking here!