Colmex Guide – Read our In-Depth Colmex Review
Colmex Rating: 4.46 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will create hefty returns. Colmex is one such stage that will take you and your investment to great heights. It is crucial to know about Colmex before you trust them with your money.
Colmex Review – Quick Summary
Colmex Telephone Number:
Colmex Email Address:
Securities and Exchange Commission (SEC)
Number Of Clients:
10,000+ Colmex users and traders
Colmex Facebook Likes:
Colmex Twitter Followers:
Colmex Instagram Followers:
Your capital is at risk
|Colmex Telephone Number:|
|Colmex Email Address:|
|Regulated By:||Securities and Exchange Commission (SEC)|
|Number Of Clients:||10,000+ Colmex users and traders|
|Colmex Facebook Likes:||0|
|Colmex Twitter Followers:||0|
|Colmex Instagram Followers:||0|
Your capital is at risk
Our full Colmex Review covers everything you need to learn about trading using Colmex. A good broker can multiply your first investments and give you favourable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your broker before you choose them. It's a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
Colmex is a broker that has found its way successfully to the brokerage world. In this review, we have tried to collate a number of the vital facets of Colmex. This review will help you to know whether Colmex is a fantastic fit for your own investments or not. We have tried to breakdown all of the qualities and fees for your advantage.
Colmex Review, Table Of Contents
- Who are Colmex?
- Benefits Of Trading With Colmex
- Everything you should know about trading with Colmex
- Is Colmex Safe To Trade With?
- Colmex Risk Disclaimer
- Pro's & Con's Of Trading With Colmex
- Compare Brokers Similar To Colmex
- Regulation And Licencing In More Detail
- Colmex Awards
- Minimum Deposit Required For A Live Account With Colmex
- Colmex Commission And Fees Explained
- Compare broker fees against Colmex
- Colmex Withdrawal Fees Explained
- Colmex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Colmex?
- Alternatives To Colmex
- Frequently Asked Questions About Colmex
Who are Colmex?
Colmex is a forex broker headquartered in Cyprus and provides a range of instruments for online trading. Since its beginning in 1990, Colmex has emerged as a top player in the industry of online broker. Colmex has an extremely aggressive and full-featured trading website that is focused on forex, indices, metals, stocks and commodities.
Over the past 31 years, Colmex has grown into one of the leading online brokers.
After establishing in 1990, their client base is becoming as big as 10,000+ clients.
Colmex is the favourite of many dealers.. Our Colmex review found that they are an superb choice for automated trading solutions. They're best suited for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at Colmex.
Technology plays a significant role at Colmex. Colmex offers trading on Desktop,Android,iPhone,Mac. Colmex is honest, transparent, and a well-regulated broker by the Securities and Exchange Commission (SEC). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The educational department at Colmex is quite enlightening for new dealers since it permits them to get a closer look in the financial markets. Colmex caters to all sorts of traders and are a must-have broker for any well-diversified approach to trading.
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 using Colmex
Colmex is a lively platform that offers various techniques of trading online. These instruments cover the monetary markets considerably. The Majority of the broker platforms provide less approaches than Colmex
If you would like 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 another broker platform. Colmex is ideal for traders who want a manageable array of cheap services. The platforms supplied by Colmex are third-party, white-label offerings. All traders can select from Desktop,Android,iPhone,Mac.
Together with everything, Colmex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept open. The agents provide premium client service which rewards customers with advantages.
Many unprofessional brokers attempt to pressurise customers into larger financing for premium services. Colmex, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will come along.
Colmex accounts are available around the world and provides outstanding service wherever they have clients. There are some select few countries where Colmex accounts are not available. Traders in the following countries cannot open or use a Colmex account:
BR, KR, IR, IQ, SY, JP, US
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 figures have rules that mandate that trading platforms have steps in place to maintain investor's assets procured. This usually means that Colmex users don't need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You are able to make use of an option for Two Factor Authentications (2FA) with Colmex for heightened safety. An SMS with the confirmation code will be sent to a phone. You will be asked to input this code to log into your account.
Another concern with financial brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with customers on the stage.
Colmex Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Colmex
Every online trading platform will have a few pros and cons Colmex review would be complete without having a balanced approach. 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 is trusted by 10,000+ clients
- Colmex offers Guaranteed Stop Loss
- Colmex has low minimum deposit requirements
- Colmex doesn't charge withdrawal fees
- Colmex doesn't charge inactivity fees
- Colmex doesn't charge deposit fees
- Colmex doesn't charge CFD fees
- Colmex offers social trading
- Colmex offers copy trading
- Colmex offer trading on Desktop,Android,iPhone,Mac
- Colmex offer 78 trading instruments
- Colmex trades major forex pairs
- Colmex can communicate in English, and Chinese
- Colmex does not offer Negative Balance Protection
- Colmex doesn't trade minor forex pairs
- Colmex doesn't trade exotic forex pairs
- Colmex doesn't offer trading on cryptocurrencies
- Colmex doesn't offer trailing stop
Colmex Review - Compare Brokers Similar To Colmex
|Rating||4.46 / 10||6.25 / 10||4.45 / 10||7.36 / 10|
|Regulated By||Securities and Exchange Commission (SEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F312||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F283||Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.|
Colmex Review - Regulation And Licencing In More Detail
Colmex is regulated by Securities and Exchange Commission (SEC).
Colmex, as a company, has a strong collection of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Colmex Review - AwardsAt the time of writing this Colmex review, and despite Colmex’s impressive offering, the company has surprisingly not garnered any other awards to date.
Colmex Trading Platforms
Colmex are a trustworthy broker that has been operating for over 31 years. They offer a wide range of options in their client accounts.
In the following table we take the main parts of any professional brokerage and compare Colmex against stockpile, netotrade, and Plus500
Colmex Review - Minimum Deposit Required
The minimum deposit you must deposit to begin on Colmex is $100. This is an adequate amount for those just beginning. It's possible to make more advanced deposits as you go along. But, ensure you understand how to make the most of your money before investing in larger sums.
Colmex Review - Commission And Fees Explained
Colmex is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of penalties for this purpose.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, financing speed, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people that are charged when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Colmex doesn't charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees billed by Colmex are relatively lower. Consequently, you are billed more for non-trading activities in your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of resources.
This Colmex review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Colmex
Colmex Review - Withdrawal Fees ExplainedColmex doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your Colmex account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't necessarily need to have any cash in your account.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the card. Colmex will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to draw in.
Colmex Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your head when open an account with Colmex. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for a while. The period considered inactive is determined by the agent.
The inactivity fee also differs from one broker to another and is not standardized. If a dealers account does not have a buying or selling trade, it's claimed by the agent as an inactivity charge. The traders need to pay this commission under terms and conditions they had agreed while enrolling.
Colmex doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been implied by Colmex, it is better for you to close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the agent beforehand.
Colmex Review - Deposit Fees Explained
When you move money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this particular operation.
Colmex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Colmex trading platform is easy. You just have to complete a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit substantial sums.
Colmex Review - Compare Broker Deposit Methods
What Can You Trade With Colmex?
Note: Colmex offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ 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 currency pairs is of interest to you then Colmex offer over forex pairs.
Compare Colmex, stockpile, netotrade & Plus500 below.
Reviewing The Colmex Mobile App
Note: Colmex's mobile app has many functions and is being constantly improved. The below information was accurate at the time of compiling this Colmex review.
Understand the capabilities of the mobile apps of Colmex, stockpile, netotrade & Plus500 below.
Alternatives To Colmex
If, after reading this Colmex review, they don't quite fulfill your requirements check out these Colmex alternatives.
We have scoured the internet to find the best alternatives to Colmex. Click the links below to learn more.
Frequently Asked Questions about Colmex
Can I try Colmex before I buy?
Yes, you can most definitely try Colmex before you buy. Colmex provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account on Colmex, you will set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you choose to invest your own money.
With this digital Colmexdemo account, you are able to experiment at all, to whatever length you desire. You might also open positions, examine different trading approaches, and much more.
Colmex specifies on its official site that you can exchange real time stocks with your demo account.
Is Colmex safe?
You can drop all your worries since we believe that Colmex is completely safe to use. It is in compliance with the rules of Securities and Exchange Commission (SEC).
Luckily, Colmex provides 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 account with Colmex is $100. You should have a good understanding of 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 methods to finance your accounts with Colmex. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all place. The monies Colmex
Is my money safe with Colmex?
Yes, your money is safe and protected with Colmex. As you know, Colmex operates with good conformation to. It has established plenty of steps to guard all of its own investors.
Colmex protects its customers' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to enable Two-Step Verification also. It requires an SMS confirmation that you access your account.
Is Colmex trading good?
Yes, trading via Colmex is a nice and good experience indeed. It's a great and intuitive platform with useful features for your simplicity. Moreover, you can also gain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Colmex support?
Colmex operates across the world. However, due to regulations there are some countries that Colmex do accept clients from BR, KR, IR, IQ, SY, JP, US
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 an excellent agent, and its users may vouch for it. The highlight of this platform is its quick order execution on transactions.
You'll discover the clean layout of this platform along with the admirable features 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 currently one of the industry leaders. It supports over 10,000+ registered customers and over 31 years of experience on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide selection of tools plus resources 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?
Using Colmex, several traders earn a lot of cash. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This can look to be a little number, but over the entire year, this adds to a significant number of gains. Even though Colmex provide you all the tools to make money, they can't guarantee you will profit.
Does Colmex have fees?
Yes. To start trading with Colmex, you have to deposit $100. Particular commissions while trading additionally apply. Any processing fees from your bank will have 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+ customers.
Where is the Colmex head office?
Colmex has its head office in Cyprus
Does Colmex offer negative balance protection?
Does Colmex offer guaranteed stop loss?
Yes, Colmex provide a guaranteed Stop Loss order.
If there's absolutely no free margin left with the client, Colmex will stop your positions. When the losses in the stopped out location exceeds your account balance, you might experience a negative account balance.
Does Colmex allow scalping?Yes, Colmex do permit scalping. Several traders throughout the world select Colmex for their services that are trading. They offer trading on Desktop,Android,iPhone,Mac which let 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?
No, unfortunately you cannot trade German shares with Colmex
Does Colmex accept bank transfers?
Yes, Colmex accepts bank transfers for depositing money.
Does Colmex accept credit cards?
Yes, Colmex accepts credit cards for depositing money.
Does Colmex accept PayPal?
No, Colmex does not accept PayPal.
Does Colmex accept Skrill?
No, Colmex does not accept Skrill.
Does Colmex accept Payoneer?
Yes, Colmex accepts Payoneer for depositing money.
Does Colmex accept Neteller?
No, Colmex does not accept Neteller.
Does Colmex offer Live Chat customer support?
Yes, Colmex offers customer support through live chat.
Does Colmex offer phone customer support?
Yes, Colmex offers customer support over the telephone.
Does Colmex offer email customer support?
Yes, Colmex offers customer support through email.
What languages can Colmex communicate in?
Colmex has the ability to communicate and support customers who speak: English, and Chinese
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. New traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of Colmex's features before signing up for a live account.