Colmex Pro Review

Category: Reviews | Author: Trading Brokers | Date: November 17, 2022

Colmex Pro is a regulated forex and CFD broker that can give you access to competitive conditions for trading online using powerful yet user-friendly platforms for all of your devices. They have the technology needed to help private and institutional investors get access to the world’s largest stock markets with no trading restrictions, transparent pricing, fair trade execution speeds and minimal slippage. I think there is a great range of powerful trading tools to help you find opportunities and make informed decisions. The minimum deposit of $500 is not the lowest that I have come across but I feel that this emphasises the fact they are a brokerage firm catering more towards a professional clientele. That being said, there are free demo accounts if you wish to practice your trading strategies risk free and see what the broker has to offer before making any financial commitment.

Pros & Cons

  • Robust and professional trading platforms packed with powerful tools
  • Fast trade execution speeds at the best possible prices with minimal slippage
  • Access to more than 9,000 U.S. stocks and invest in IPOs
  • Access to Level II data to see the market depth
  • Competitive and transparent pricing so you always know what you pay
  • Only real market spreads with no additional mark-up
  • Unique real-time stock screener to find more opportunities
  • No restrictions on trading strategies including scalping and auto-trading
  • Multilingual team is always ready to answer your toughest questions
  • Demo accounts are limited to 14 days
  • Residents from some countries are not accepted
  • Distinct lack of educational content for beginners
  • Minimum $500 deposit requirement is not the lowest
  • Limited account funding options


Colmex Pro is an experienced brokerage firm that offers services to a diverse group of investors and clients. The brokerage began operations in 2010 and is headquartered in Limassol, Cyprus. They have a variety of portfolios available, and offer a wide range of investment tools to help you capitalize your time trading on the stock market. With six different platforms available, you can be sure that your needs will always be met. Options include web trader and mobile apps, so even when you’re on the go, you can easily keep track of your investments and trading activity. The broker is dedicated to empowering you by helping you to make informed, educated financial decisions. This is achieved by providing you with the necessary educational content and market research tools so that you have the support to reach your financial goals.

Trading Conditions

The broker boasts of excellent hardware and software infrastructures which bring about swift executions and around the clock uptime. Colmex Pro states that the ‘over-the-counter’ (OTC) market is the sole execution venue for all of your orders and it acts as an agent on behalf of its clients. They operate utlising the ‘No Dealing Desk’ (NDD) brokerage model as they have partnered with several international banks and financial institutions which provide the prices displayed on its trading platforms. Therefore, there is no conflict of interest between the broker and the trader. I would always opt for a non-dealing desk broker as this means my trades can get executed at the best possible prices without any intervention. You can place trades with tight spreads and rapid execution speeds, making the broker suitable for both retail and professional traders alike. See beyond bid and ask prices with access to the order book to see the market depth and improve your decision making.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


When it comes to choosing a broker, regulation is one of the first things that I look out for. I would always prefer to use a regulated broker over one that is not. I am pleased to see that Colmex Pro is a Cyprus Investment Firm (CIF) that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), hence it must follow the regulatory standards of the European financial authorities and monitors precise due diligence procedures and practice. This can help give investors protection and the peace of mind they are using a broker who will be operating in an honest and transparent manner. In addition, Colmex Pro Ltd is authorised as a Financial Services Provider with licensing number by the Financial Services Board in South Africa (FSCA).


Colmex Pro must adhere strictly to the provisions of the regulatory authorities. All of client funds should be maintained in segregated bank accounts which are held in the top-rated international banks. I like how the transactional records are properly audited and periodically submitted to the regulators.

The broker is a member of the Investor Compensation Fund (ICF) for Cyprus Investment firms. This ICF serves as a form of insurance to eligible clients of Colmex Pro when the need arises. Though I recommend checking out their terms and conditions since they’re pretty specific on who is eligible for this compensation.


The broker does not provide its services to residents of some countries including the United States of America. If your country is not accepted by the for whatever reason, you may wish to take a look at our broker comparison tool for alternatives.


Colmex Pro provides you with both its own proprietary platform and the popular MetaTrader 4 (MT4) for trading online. You can access the professional grade trading software from anywhere and anytime. I would personally opt for the MT4 platform myself as this is what I am already familiar with. It is available through many brokers which could save you from needing to learn a new platform from scratch should you decide to switch brokers down the line. That being said, the Colmex Pro 2.0 platform is an excellent platform in its own right. It also has plenty of features and functionality to ensure a smooth online trading experience.

MetaTrader 4 (MT4)

MT4 is a powerful and popular trading platform among forex and CFD traders all over the world. It was developed in 2005 by ‘MetaQuotes Software Inc’. I like the MT4 platform as it is versatile, scalable, very fast and can be expanded using plugin apps built with the MQL4 programming language. MT4 features charting and analytical capabilities, multiple order management as well as automation of strategies using software expert advisors (EAs). I like how it also supports the scripting, purchase and deployment of technical indicators and other software tools that you may need. The platform is freely available for you as a downloadable desktop application, web terminal that runs directly in your web browser and as a trading app for Android and iOS devices.

MetaTrader 4 (MT4) Platforms

MetaTrader 4 (MT4) Platforms

Amongst the plethora of excellent features in MT4, you can take advantage of the following:

  • Displays the quotes of all the trading instruments in real time
  • Multiple order types are available including instant, pending and limit orders
  • Live charts of all trading instruments displayable on up to 9 timeframes
  • Charting tools including 30 technical indicators and up to 24 drawing objects
  • Run automated trading strategies with expert advisors
  • Set push alert price notifications


The Colmex Pro MultiTrader is one of the simplest and easiest to use trading platforms. It offers a strong solution to the daily challenges of online trading by offering institution-grade technology. You can monitor your positions with portfolio management tools, track a wide range of stocks with multiple watchlists, conduct short sells, and stay in the know with up-to-the-minute market news and in-depth company profiles. I like the Colmex Pro as it is a modern trading platform that offers swift order executions and real-time quotes in dynamic displays. It has a handy custom stock screener that does the work for you. You can use the presets or create your own based on your investing criteria. The Options Radar displays various put-to-call ratios on thousands of stocks, ETFs, and indices. You can sort top performing sectors and quickly find top performing stocks within that sector. Any news related to your portfolio are displayed in one page saving you the headache researching each symbol individually.

Colmex Pro Multitrader

Colmex Pro Multitrader

The platform is user friendly and offers the following features:

  • Web-based platform that runs on any browser on all devices
  • Available in 11 languages for traders around the globe
  • Live market data with no additional platform or data fees
  • Displays up to 20 top performers for inspiration
  • Route orders to market center of your choice, including ECNs
  • Market depth up to level 2 quotes for equities and options
  • Multiple order types including stop, limit and stop-limit orders
  • Features basket trading which enable a trader to buy several stocks in one order
  • Supports multiple account management which is apt for account managers
  • Create custom watchlists to track your favourite stocks and build winning portfolios

Colmex Pro 2.0

Whether you are a beginner investor or a seasoned professional trader, the highly customizable and high-performance Colmex Pro 2.0 trading platform meets the needs of traders of any level. From simple chart trading to advanced analytical tools and synthetic instrument creation, Colmex Pro 2.0 is at the leading edge of trading technology. I think this is perfect platform for anyone who wants to get into some detailed chart analysis by combination indicators to create customised trading strategy templates.

Colmex Pro 2.0 interface was designed with ease of use in mind. Customize your workspace in a way that suits you, by arranging the panels using the docking feature. Synchronize the stock symbol between various panels by colour. Changing a stock symbol in one panel will change it in all linked panels too. Panels can be easily detached from the main platform window to be used on a separate screen in a multi-monitor station.

Colmex Pro 2.0

Colmex Pro 2.0

Track performance of your Colmex Pro 2.0 account using the built-in Account Statistics. This tool shows traders data points such as Profit Factor, Win/Loss ratio, trades statistics, and drawdowns. You can analyse your performance for any period of time, from 1 day to several years. Account Statistics can be also displayed as graphs for more intuitive presentation. This can be a great way to identify areas in which you can improve your trading and also to pinpoint what has been working well.

Colmex Pro 2.0 has all the advanced order types but sending an order to the market is still intuitive and simple. Order entry window can be attached to many panels for easy access, traders can also place stop and limit orders directly on the chart, enable quick action buttons, and set hotkeys for lightning-fast order entry. The more experienced traders amongst you can enter orders directly in Level 2 data from a Super DOM panel. This is an excellent feature that isn’t always readily available through some other brokers and platforms.

Colmex Pro 2.0 utilizes top-tier network servers and infrastructure for lightning-fast, steady, and reliable connection. The connection status and quality are critical, so you can always see the response time of the server in milliseconds in the right corner of the top menu. This means that anyone can get access to institutional trading conditions via an intuitive interface.


Colmex Pro states that it has no restrictions on platform features. It means that you can choose any of the platforms and can utilize the full range of features available. This includes access to the MetaTrader market where traders can download free and paid trading tools to further enhance the platform capabilities.

The charting tools in Colmex Pro 2.0 are truly impressive. You will be pleased to see that you can choose from a great range of 14 different chart styles, from standard line and candlesticks charts to sophisticated Heiken Ashi and Cluster charts. Use the default timeframes or create a completely new timeframe for your charts. You can also access the unlimited history for all the stocks available for trading. This platform really does pack a punch and is worth taking the time to master in my opinion. Without it, there are so many features that you may miss out on which other platforms dont have.

The Colmex Pro 2.0 analytical tools are made to help you succeed. Add trend lines, price channels, Fibonacci tools, and more to the charts for professional-grade technical analysis. Choose from 47 most popular chart indicators, including automatic pattern recognition, or create a new one. The platform also allows importing custom indicators.

With Colmex Pro 2.0’s unique real-time stock screeners you will never run out of ideas. Find largest intraday changes in stock prices with Gainers/Losers panel and stocks that reached their all-time high and low prices with High/Low panel.


To be honest, the broker is distinctly lacking in educational content. You are not going to find any in-depth trading guides or tutorial videos here. I think it may be because they are catering towards more professional traders as evident by the quality of the trading conditions, platforms and tools that they provide. There is a blog which has some interesting daily market analysis that can be used to help inspire trade ideas for the day ahead. However, if you are a beginner and need access to as much educational resources as possible, then Admirals are worth a look as they have plenty to get you started.


With Colmex Pro you can trade stocks listed on the New York Stock Exchange, NASDAQ and American Exchange. They have a great selection with access to more than 9,000 U.S. stocks so that you can invest in blue chip, mid-cap, small-cap, ETFs, ADRs and hundreds of OTC stocks from one account. All IPOs become available as soon as they begin trading on the market. You can invest in all the new stocks issues from day one. They also have a decent selection of forex and commodities for those of you who are looking to diversify your portfolio further.


With a Colmex account, you can get your order execution at real market prices. I find that in the long term this can help to save money and minimize investment costs. They provide clients the best bid and ask prices of stocks at their true market prices. By trading without mark-up, clients save tens of cents per share in commission and spread on every trade. This will add up over time and can lead to some serious savings. This especially rings true for those of you who are day trading.

Colmex Pro offers you the following trading account types:

Live Equities/CFD on Equities Account

This account is designed for those of you who trade stocks and CFDs. The account offers several stock CFDs, trading on IPOs, no restrictions and a maximum leverage of 1:5. Colmex Pro CFD accounts can be opened with $500 but for Equity accounts, you need a minimum of $3,000. This is quite high but again reiterates the broker is catering more towards the experienced investor who knows what they are doing.

Forex & Commodities Account

This account gives you the opportunity to participate in the trillion dollar forex market which is traded on a 24/5 basis. I like this account as you are offered competitive spreads from 0.3 pips, market depth, a phone dealing desk, live support and flexibility. You can also trade commodities like Gold, Silver and oil. This account type can be further divided into the following:

Semi Standard Account

This account gives you access to trade forex and commodities through the MT4 trading platform.

Standard Account

This account gives you access to the forex market with low commissions on trades.

VIP Account

This account is designed for those of you who trade huge volumes on a regular basis and need the best possible conditions that the broker can offer.

Demo Account

Demo CFD accounts are available for practice purposes, strategy testing or platform familiarization. Demo Forex accounts are also available for forex trading purposes. However, I don’t like how every demo account expires after just 14 days. I don’t think this is anywhere near enough time for a new trader to get a feel for trading online, especially considering the significant risks involved. I would like to see them extended to at least 30 days so that you can give the broker a fair test to see if they have potentially suitable trading conditions for your trading strategies. Many other brokers including competitors such as Pepperstone will provide you with non-expiring demo accounts.


The broker has a live customer support team that can be reached 24 hours a day 5 days a week, in 8 different languages. They welcome all inquiries, comments and suggestions. You can easily contact them by email, chat, or simply give them a phone call and one of the live agents will answer any of your questions. I would’ve liked to see them offer their services 24/7 so they can be reached even during emergencies, just like the EXANTE support team. However, this is just a minor hiccup and by no means a deal breaker from my persepctive. If you wish, you can leave your name, email and phone number for a support representative to contact you.


I was disappointed with the limited choice of funding options. I would like to see them add support for some digital wallets as I find this is the most convenient way for me to move funds around that I need for trading. It also means I can get quicker access to my funds which is important if there is some market news I want to try and take advantage of but don’t want to sit around for days waiting for bank transfer to clear. If you would prefer more funding options, FXPRIMUS have a great selection including digital wallets. The minimum deposit is $500 but there is no maximum limit except for unverified accounts which are limited to $2,000. I believe the minimum deposit is too high compared to other top brokers like Fusion Markets who let you get started from as little as $1. During new account creation, you are prompted to make a deposit using any of the following options:

Bank Transfer

This method can be used for both deposits and withdrawals. It takes 2-7 days before the deposit reaches Colmex Pro accounts and subsequently credited to your trading account.

Debit/Credit Cards

All major bank cards are accepted for deposits into your trading accounts. Card deposits are instantly processed and become available in the trading account almost immediately.


Overall, there are many aspects of this broker that I am really impressed with and a few areas that I can see room for improvement. I think they have a great setup for those who already have some experience trading and investing online but may not be quite as suitable for the absolute beginner.

They do have some top-class trading platforms and excellent tools for conducting in-depth market analysis for making informed trading decisions. There is plenty of liquidity available which means tight spreads and quick execution speeds at the best available prices. The customer support is excellent and they have everything you need for placing and managing your trades in a regulated environment.

You can gain direct access to the exchanges through the trading platforms and trade with 0 added spread. Each trading platform is designed to meet the needs of investors on any level, whether you are a beginner or an experienced stock trader, the trading environment will deliver the tools you need to succeed.

However, I find that Colmex Pro has not done much to assist beginner traders. I couldn’t find any comprehensive training academy or organised training resources. The demo accounts provided also expire after just 14 days which is not long enough for someone who is learning how to trade online. You are provided with some daily insights and market analysis via a blog page. I was also disappointed to find that the payment options are limited to bank transfer and cards.

If you can look past the minor discrepancies and don’t mind the high minimum deposit requirement, they are certainly a broker worth consideration. If you are new to the world of trading, please feel free to have a look at our best brokers for beginners.

Colmex Pro Logo


Colmex Pro is a regulated broker offers professional trading conditions to retail traders via robust platforms that are packed with excellent tools for trading and investing with no restrictions and transparent pricing across the board.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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