ColmexPro

Colmex Pro Company Headlines

Since the year 2010, Colmex Pro has been providing access to more than 10,000 US stocks to institutions and private customers. The company is located within Limassol, Cyprus, and is licensed through the Cyprus Securities and Exchange Commission (CySEC) as well as the South African Financial Sector Conduct Authority (FSCA).

Since its beginning the broker has accumulated more than 8,000 registered customers who have traded more than 4 billion shares across the many trading platforms. The broker also provides fixed and tied accounts for different levels of experience.

Trading Platforms

Colmex Pro 2.0

The broker’s own platform is suitable for novices as well as experienced professionals. It has an interface that is highly customizable and allows for simple charting as well advanced analytical tools. The features include:

• Level 2 information from an super DOM panel (Depth of Market)
• 14 chart styles, including Heiken Ashi and Cluster charts
• 47 chart indicators plus custom indicators
• Advanced order types, including hotkeys
• Screeners for stocks that are real-time
• Stock market history

Markets

Colmex Pro offers over 9,000 US stocks which include blue chip small-cap, mid-cap and large-cap ETFs, ADR’s, and hundreds of OTC stocks. Additionally, there is a variety of other options which include major, minor and exotic currencies and precious metals, energy and agricultural commodities as well as nine major indexes.

Our review also noted that cryptocurrency trading isn’t offered.

Fees

Prices for stock CFDs is determined by tiered plans beginning at $0.01 per share under the Bronze plan, but it goes lower to $0.005 per share for the Diamond plan. There is also an unfixed plan, where you pay between $12 and 3000 shares in the Bronze plan, and $9 up to 5,000 shares for the Diamond.

For equity the tiered plans all charge $0.01 per share. Fixed plans begin at $6.95 and up to 3,300 shares. Other assets have commissions that depend on the type of asset and which plan you select. Spreads for Forex start at 0.3 pip for the major currency pairs , however there is an $14.50 commission per contract side for The Basic Account.

There are a few other charges to keep in mind for example, an inactivity fee per month that is $30 on CFD accounts, and $55 for equity accounts. This applies when there’s zero trading for a period of 30 consecutive days. There are additional the overnight rollover (swap) fees, along with ECN and routing charges in CFD and equity accounts.

Leverage

For retail customers Leverage is available up to 1:5 on stocks. Professional clients are able to leverage up to 1:20. The Forex instruments are leveraged up to 11:30.

Mobile Trading Review

Colmex Pro delivers three mobile applications for all platforms. Colmex Pro 2.0, MetaTrader 4 and MultiTrader which are suitable for iOS and Android smartphone owners.

The new version of Colmex Pro 2.0, traders have an access to thousands of stock using a simple order entry system live streaming prices, real-time streaming and market depth. It also comes with three chart styles that are popular and a variety of indicators.

Deposits & Withdrawals

It is possible to fund your account with credit or debit cards, bank transfer , and online payment options like PayPal. Colmex Pro does not charge for deposits. When withdrawing funds, the first payment of the month less $500 or greater than that is free. Each subsequent withdrawal is 40 dollars (or EUR30 for Euro accounts).

Wire transfers require three to five days to take 3-5 business days to. Deposits made with credit cards will be handled within 24hrs, and usually within two hours after the payment is received.