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Colmex Guide – Read our In-Depth Colmex Review

This Colmex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Colmex review does not apply to US users.

This Colmex review contains the latest information about Colmex.

If you're a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll get proficient at all the concepts of brokerage as you continue trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program will create hefty returns. Colmex is one such platform that will take you and your investment to great heights. It is crucial to know all about Colmex until you trust them with your money.

Colmex review

Our entire Colmex Review covers everything you will need to know about trading using Colmex. A good broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing goals.

There is no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.

Colmex is a broker that has found its way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of Colmex. This review will allow you to understand whether Colmex is a fantastic match for your own investments or not. We've attempted to breakdown all of the features and fees for your convenience.

Colmex Review, Table Of Contents

Who are Colmex?

Colmex is a forex broker headquartered in Cyprus and provides a range of tools for trading. Since its inception in 1990, Colmex has emerged as a top player in the field of online broker. Colmex includes a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.

Over the past 31 years, Colmex has grown into one of the leading online brokers.

After launching in 1990, their customer base is becoming as large as 10,000+ clients.

Colmex is a favorite for many dealers.. Our Colmex review found that they're an superb choice for automated trading solutions. They're best suited for investors that are looking for an assortment of assets. Social and automated trading options are the heart at Colmex.

Technology plays a substantial role at Colmex. Colmex features trading on Desktop,Android,iPhone,Mac. Colmex is fair, transparent, and also a well-regulated broker by the Securities and Exchange Commission (SEC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.

The educational section at Colmex is very enlightening for new traders as it permits them to get a closer look at the financial markets. Colmex caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.

Benefits of doing online trading with Colmex?

Trading with Colmex comes with numerous advantages. These advantages are what sets Colmex apart from all other online agents. You need to check all of the advantages listed so that you have a better comprehension of Colmex.

The agent goes to great lengths to comprehend what traders need. As a result, the service price is low, fast, and convenient. The agent also provides a number of programs for all types of traders. Colmex ensures that the individual needs of all traders are duly met.

Colmex also features excellent trading conditions which are readily available to only an elite class of institutional customers. The tight spreads and quick executions are a great advantage for those traders. The technology adopted by Colmex is of the maximum caliber, making sure that it's fast, dependable, and effective.

Colmex acknowledges the significance of owning a fast order execution. A fast implementation enables users to trade without worrying about slippage safely. It is going to also help the traders to grab the utmost profitable opportunities.

Automated trading is another important aspect of Colmex. A new dealer can learn from industry experts using the automated trading alternative. The tight spread starts from as low as 0.0 pips, though they are offered for just razor accounts.

Colmex has over 78 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. The dealers can put aside all their concerns when trading with Colmex.

Colmex overview

Year Founded: 1990

Regulated By: Securities and Exchange Commission (SEC)

Hedquarters: Cyprus

Minimum Deposit: $100

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Colmex is not right for you then at the bottom of this Colmex review you wil find a lot of alternatives to Colmex.

What you ought to know about trading with Colmex

Colmex is a dynamic platform that provides various methods of online trading. These tools cover the financial markets considerably. Most of the brokerage platforms offer less methods than Colmex

If you want to exchange with Colmex, you'll need a minimum deposit of $100. This deposit is mandatory if you wish to start trading with Colmex. This 2021 Colmex review will guide you safely about trading with them.

Colmex is as versatile as any other brokerage platform. Colmex is excellent for traders who want a manageable assortment of low-cost services. The programs offered by Colmex are third-party, white-label offerings. All traders can pick from Desktop,Android,iPhone,Mac.

Along with everything, Colmex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade has to be kept available. The agents offer premium client service that rewards clients with benefits.

Many unethical brokers try to pressurise consumers into larger financing for premium services. Colmex, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further advantages will come along.

Colmex accounts are available around the world and provides excellent service wherever they have clients. There are a few countries where Colmex accounts are not available. Traders in the following countries cannot open or use a Colmex account:

Is Colmex Safe To Trade With?

Established in 1990, Colmex has been open for 31 years, they are headquarted in Cyprus.

Colmex is regulated by Securities and Exchange Commission (SEC). These bodies have rules that mandate that trading platforms have steps in place to keep investor's resources secured. This means that Colmex users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information also.

You are able to make use of a choice for Two Factor Authentications (2FA) with Colmex for increased security. An SMS with the confirmation code will be sent to a mobile phone. You will be asked to enter this code to log into your account.

Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is much more prevalent in the case of Market Maker agents who compete with users on the stage.

Pro's & Con's Of Trading With Colmex

Every online trading platform has a few pros and cons Colmex review would be complete without showing both sides. This Colmex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Colmex Pro's

  • Colmex is trusted by 10,000+ clients
  • Colmex doesn't charge inactivity fees
  • Colmex doesn't charge deposit fees
  • Colmex doesn't charge CFD fees
  • Colmex offer trading on Desktop,Android,iPhone,Mac
  • Colmex offer 78 trading instruments
  • Colmex trades major forex pairs
  • Colmex can communicate in

Colmex Con's

  • Colmex does not offer Negative Balance Protection
  • Colmex does not offer Guaranteed Stop Loss
  • Colmex charge withdrawal fees
  • Colmex doesn't trade minor forex pairs
  • Colmex doesn't trade exotic forex pairs
  • Colmex doesn't offer trading on cryptocurrencies

Colmex Review - Compare Brokers Similar To Colmex

Colmex Trade360 CIM Banque CMC Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $1 $100 $200
Year Founded 1990 2013 1995 1989
Headquarters Cyprus Cyprus Geneva UK
Regulated By Securities and Exchange Commission (SEC) Cyprus Securities and Exchange Commission (CySEC) Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) Financial Conduct Authority (FCA)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Losses can exceed deposits

Colmex Review - Regulation And Licencing In More Detail

Colmex is regulated by Securities and Exchange Commission (SEC).

Colmex, as a business, has a powerful collection of rules for ensuring fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial details.

Colmex Review - Awards

    At the time of writing this Colmex review, they had not received any awards.

Colmex Review - Minimum Deposit Required

The minimum deposit you need to get started on Colmex is $100. This is a decent amount for those just beginning. You can make more advanced deposits as you cooperate. But, ensure that you know how to make the most of your money before investing in larger sums.

Colmex Review - Commission And Fees Explained

Colmex is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the number of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of penalties for this objective.

The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you're paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people that are billed when you maintain a leveraged position for more than daily.

Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.

Generally, Colmex does not charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example weekly or daily trading.

But, non-trading fees charged by Colmex are relatively higher. As a result, you're billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of assets.

This Colmex review breaks down each of the relevant non-trading charges for you in detail.

Compare broker fees against Colmex

Colmex Trade360 CIM Banque CMC Markets
Minimum Deposit $100 $1 $100 $200
Withdrawal Fees variable No variable variable
Inactivity Fees Yes
Deposit Fees variable variable
CFD Fees Yes, 0.10%

Colmex Review - Withdrawal Fees Explained

Colmex charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank accounts, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from your Colmex account. You can withdraw sums up to the amount of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily need to have any cash in your accounts.

Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Colmex will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to withdraw in.

Colmex Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with Colmex. An inactivity fee is an amount charged to registered dealers that have not participated in purchasing or selling for some time. The period regarded as inactive is decided by the broker.

The inactivity fee differs from 1 broker to another and is not generalized. If a dealers account doesn't have a buying or selling transaction, it's maintained by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms that they had agreed while registering.

Colmex doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges are implied by Colmex, it's better for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the agent beforehand.

Colmex Review - Deposit Fees Explained

When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.

Colmex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the Colmex trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit substantial amounts.

Colmex Review - Compare Broker Deposit Methods

Colmex Trade360 CIM Banque CMC Markets
Minimum Deposit $100 $1 $100 $200
Credit Card Yes
PayPal No
Neteller No
Skrill No
Payoneer Yes

What Can You trade With Colmex?

Note: Colmex offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different based on the country of residence of the client.

Colmex has a wide variety of over 78 instruments available for you to trade with.

If trading forex pairs is of interest to you then Colmex offer over currency pairs.

Compare Colmex, Trade360, CIM Banque & CMC Markets below.

Colmex Trade360 CIM Banque CMC Markets
Platforms Desktop, Android, iPhone, Mac Binary, Tablet & Mobile apps Android , iPhone, Mac, iPade Web Trader, Binary, Tablet & Mobile apps
Instruments Available 78 100 74 100
Forex & Crypto
Forex Pairs Available 15 35
Offers Major Forex Pairs? Yes No Yes
Offers Minor Forex Pairs? No No Yes
Offers Exotic Forex Pairs? NO No Yes
Offers Cryptocurrencies? NO No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No No Yes
Trade Energies? No No Yes
Trade Agricultural? No No Yes
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? Yes No Yes
Trade US Shares? NO No Yes
Trade German Shares? No No Yes
Trade Japanese Shares? No No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Losses can exceed deposits

Alternatives To Colmex

If, after studying this Colmex review, Colmex does not meet your requirements check out these Colmex alternatives.

We've scoured the internet to find the best alternatives to Colmex. Click on the hyperlinks below to find out more.

Frequently Asked Questions about Colmex

Can I try Colmex before I buy?

Yes, you can most certainly try Colmex before you buy. Colmex provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up to get a demonstration account on Colmex, you will set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you decide to spend your own money.

With this digital Colmexdemo account, you are able to experiment in any way, to whatever period you desire. You might even start positions, test different trading approaches, and more.

Colmex specifies on its official website which you can exchange real time stocks in a demo account.

Is Colmex safe?

You can drop all of your worries since we believe that Colmex is completely safe to use. It's in compliance with the rules of Securities and Exchange Commission (SEC).

Even so, Colmex doesn't provide assured stop-loss protection.

Why does Colmex ask for my passport?

The reason that Colmex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Colmex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Colmex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Colmex?

The process to start trading withColmex is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Colmex website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Colmex is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Colmex.

The best way to kickstart your trading career with Colmex is to open a demo account facility before risking any real money

What funding methods do Colmex accept?

There are a number of ways to fund your accounts with Colmex. The process is effortless and quick, with various payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in every country. The currencies Colmex

Is my money safe with Colmex?

Yes, your money is safe and secure with Colmex. As you already know, Colmex operates with good conformation to. It's established plenty of steps to protect all its investors.

Colmex protects its clients' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation for you to access your account.

Is Colmex trading good?

Yes, trading via Colmex is a nice and decent experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you can also obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.

If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness of the platform for yourself.

Which Countries does Colmex support?

Colmex operates across the globe. However, due to regulations there are some countries that Colmex does not accept clients from

Is Colmex legit?

Colmex is a legit company headquarted in Cyprus since 1990. They are regulated by Securities and Exchange Commission (SEC). Colmex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Colmex a good broker?

Colmex is a great agent, and its own users can vouch for it. The highlight of the platform is its fast order execution on transactions.

You will find the clean design of this platform along with the admirable features that a pleasure to work with.

Is Colmex a trustworthy broker?

Yes, Colmex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Colmex?

The minimum deposit to open a live account with Colmex is $100

How long do Colmex withdrawals take?

Normally, withdrawal of money from Colmex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Colmex to show in your bank account.

Are Colmex regulated?

Colmex are regulated by Securities and Exchange Commission (SEC)

Is Colmex a market leading broker?

Colmex is indisputably among the business leaders. It supports over 10,000+ registered users and over 31 years of expertise on its own record. They're one of the world's top trading platforms and also a dominant figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and broad selection of resources plus tools so that you may invest in capital markets.

Is Colmex a con?

No, Colmex is not a con. They are regulated by Securities and Exchange Commission (SEC) and must adhere to their rules. Thus, it is safe to say that Colmex is not a scam.

Can you make money with Colmex?

Through Colmex, many traders earn a great deal of cash. But typically, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem to be a little number, but within the year, this adds to a substantial amount of gains. While Colmex supply you all the tools to earn money, they can't guarantee you will gain.

Does Colmex have fees?

Yes. To start trading using Colmex, you need to deposit $100. Certain commissions while trading also applies. Any processing fees from your bank will need to be incurred by you.

When was Colmex founded?

Colmex was founded in 1990 in Cyprus. Colmex is regulated by Securities and Exchange Commission (SEC).

How many people use Colmex?

Colmex is a worldwide recognised agent with 10,000+ clients.

Where is the Colmex head office?

Colmex has its head office in Cyprus

Does Colmex offer negative balance protection?

No. Colmex does not offer negative balance protection. If your balance is negative, Colmex suggests you contact client services. For this, you are able to correct any imbalances in your account.

Does Colmex offer guaranteed stop loss?

Colmex regrettably, does not offer guaranteed stop loss. Colmex provides a chance to its dealers to close their trades in their given price. Apart from that, Colmex does not provide guaranteed stop loss.

Does Colmex allow scalping?

Yes, Colmex do allow scalping. Many traders across the world select Colmex due to their services that are trading. They offer trading on Desktop,Android,iPhone,Mac which allow this.

Does Colmex allow hedging?

Yes, Colmex does allow hedging.

Can you trade energies with Colmex?

No, unfortunately you cannot trade energy stock with Colmex

Can you trade agricultural shares with Colmex?

No, unfortunately you cannot trade agricultural stock with Colmex

Can you trade cryptocurrency with Colmex?

No, unfortunately you cannot trade cryptocurrency with Colmex

Can you trade metals with Colmex?

No, unfortunately you cannot trade metals with Colmex

Can you trade UK Shares with Colmex?

Yes, you can trade UK shares with Colmex

Can you trade US Shares with Colmex?

No, unfortunately you cannot trade US shares with Colmex

Can you trade Japanese Shares with Colmex?

No, unfortunately you cannot trade Japanese shares with Colmex

Can you trade German Shares with Colmex?

Yes, you can trade German shares with Colmex

Does Colmex accept bank transfers?

No, Colmex does not accept bank transfers.

Does Colmex accept credit cards?

No, Colmex does not accept credit cards.

Does Colmex accept PayPal?

No, Colmex does not accept PayPal.

Does Colmex accept Skrill?

No, Colmex does not accept Skrill.

Does Colmex accept Payoneer?

No, Colmex does not accept Payoneer.

Does Colmex accept Neteller?

No, Colmex does not accept Neteller.

Does Colmex offer Live Chat customer support?

No, Colmex does not offer customer support through live chat.

Does Colmex offer phone customer support?

No, Colmex does not offer customer support over the telephone.

Does Colmex offer email customer support?

No, Colmex does not offer customer support through email.

What languages can Colmex communicate in?

Colmex has the ability to communicate and support customers who speak:

Does Colmex have a wikipedia page?

No, Colmex does not have an official wikipedia page.

Does Colmex offer demo accounts?

Yes, Colmex offers demo accounts so you can learn their systems before risking any real money.