Colmex Pro is an established online broker, offering their clients trading accounts in Forex, CFD and Stocks.
Officially owned and operated by Colmex Pro Ltd, they are located at: 117 Makariou III Avenue & Sissifou Street, Quarter of Apostoloi Petrou & Pavlou, 3021 Limassol, Cyprus. They can be reached by phone in Cyprus at: +357 25030036 or +442037696793 in the United Kingdom.
Our review of the Stockbroker / CFD broker we see that Colmex Pro gives their clients a variety of trading platforms to use. They have the CFD Trader and the MetaTrader4 trading platform. Available are both desktop versions and a mobile app. Assets listed for trading are numerous, including stocks, currencies, market indices and commodity CFDs.
Their website and customer support is currently only available in English & Hebrew. Colmex leverage is up too 30:1 for Forex trading and 5:1 for stocks. Many Europeans like this brokers for the ability to trade on the USA stock markets. As you probably already know, trading with leverage is risky. If you are a new investor, be sure you learn and fully understand the risks associated with using margin.
The minimum deposit requirement for a new CFD trading accounts at Colmex is $500. They offer five levels of account types which determine your commission rate structure. Rates for CFD trading is from $1.50 – $9.95 per trade, and for stock trading it is from $4 – $9.95.
Is Colmex Pro a Legit Broker?
Yes, Colmex Pro is licensed and regulated in European Union by CySEC with license number 123/10. Additional they are licensed in South Africa by the Financial Services Board with license number 46990. They no longer accept clients from the United Kingdom.
When the Scam Broker Investigator reviews stock brokers and Forex brokers to see if they are legitimate trading companies, or scam brokers, the first thing check for is a valid license. The main reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts.
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Smart investors always review a few different online brokers, before making a final decision.
What was your experience investing at Colmex Pro? Please write your review in the comments section below.