+44 151 994 3722

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 most recent information about Colmex.

If you're a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of broker since you keep trading. For starters, you need to select the ideal agent who'll be clear with you always.

In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will generate hefty returns. Colmex is just one such stage that will take you and your investment to great heights. It is important to know about Colmex before you trust them with your money.

Colmex review

Our entire Colmex Review covers everything you need to know about trading with Colmex. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment goals.

There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you choose them. It is a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.

Colmex is a broker that has forged its way successfully to the broker world. In this review, we've tried to collate a number of the important facets of Colmex. This review will help you to know whether Colmex is a fantastic fit for your investments or not. We have attempted to breakdown all of the qualities and charges for your advantage.

Colmex Review, Table Of Contents

Who are Colmex?

Colmex is a foreign exchange broker headquartered in Cyprus and provides a variety of tools for online trading. Since its establishment in 1990, Colmex has emerged as a top-tier player in the industry of online broker. Colmex has a highly aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.

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

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

Colmex is the favorite of many dealers.. Our Colmex review discovered that they're an excellent choice for automated trading options. They're most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the core at Colmex.

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

The educational department at Colmex is very insightful for new traders as it permits them to have 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 online trading.

Benefits of doing online trading with Colmex?

Trading with Colmex comes with many advantages. These advantages are what sets Colmex ahead of all other online brokers. You should check all the advantages listed so you have a better understanding of Colmex.

The agent goes to great lengths to understand what traders want. As a result, the support cost is low, fast, and convenient. The broker also gives a number of programs for all types of traders. Colmex ensures that the individual needs of all traders are completely met.

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

Colmex admits the significance of owning a quick order execution. A fast implementation enables users to exchange without worrying about slippage safely. It will also aid the dealers to catch the utmost profitable opportunities.

Automated trading is another important aspect of Colmex. A new trader can learn from business experts utilizing the automatic trading option. The tight spread starts from as low as 0.0 pips, even though they are available for only razor accounts.

Colmex has over 78 trading tools to support all types of traders. These instruments are dynamic and suitable for both new and seasoned traders. The traders can put aside all their worries 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.

Everything you should know about trading with Colmex

Colmex is a dynamic platform that offers various procedures of online trading. These instruments cover the monetary markets substantially. Most of the brokerage 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 begin trading using Colmex. This 2021 Colmex review will guide you easily about trading with them.

Colmex is as versatile as any other brokerage platform. Colmex is ideal for traders that want a manageable range of cheap services. The programs offered by Colmex are third-party, white-label offerings. All traders can select from Desktop,Android,iPhone,Mac.

Along with everything, Colmex has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept available. The brokers offer premium customer service that rewards customers with advantages.

Many unethical brokers attempt to pressurise users into larger financing for premium services. Colmex, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will become available.

Colmex accounts are available all over the world and provides quality service wherever they have customers. There are some select 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 2006, 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 make sure that trading platforms have measures in place to keep investor's resources secured. This usually means that Colmex users do not need to be worried about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's private information also.

You are able to make use of an option for 2 Factor Authentications (2FA) with Colmex for increased safety. An SMS for the confirmation code will be sent to your mobile phone. You will be asked to enter this code to log into your accounts.

Another concern with financial brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with customers on the platform.

Pro's & Con's Of Trading With Colmex

Every online trading platform has 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 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 DF Markets IronFX
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $100 $1 $500 $50
Year Founded 1990 2010 2010 2008
Headquarters Cyprus UK Cyprus UK
Regulated By Securities and Exchange Commission (SEC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)
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 Your capital is at risk

Colmex Review - Regulation And Licencing In More Detail

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

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

In accordance with the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including 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 must deposit to begin on Colmex is $100. This is an adequate amount for those just starting out. You can make more advanced deposits as you cooperate. However, make certain you understand how to make the most of your cash before investing in larger amounts.

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 businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.

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

The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, financing rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.

Generally, Colmex doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.

But, non-trading fees charged by Colmex are comparatively higher. Consequently, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the purchase and sale of assets.

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

Compare broker fees against Colmex

Colmex DF Markets IronFX
Minimum Deposit $100 $1 $500 $50
Withdrawal Fees variable No variable variable
Inactivity Fees No
Deposit Fees variable No
CFD Fees Yes No

Colmex Review - Withdrawal Fees Explained

Colmex charges a withdrawal fee if you make a bank transfer. Every time you move money into your bank accounts, these withdrawal charges become important.

Withdrawal of cash is possible at any time from the Colmex account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to keep in mind is that you don't always need to have any money on your account.

In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent to the card. Colmex will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money 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 that run through your mind when open an account with Colmex. An inactivity fee is an amount charged to registered traders who have not participated in buying or selling for a while. The period regarded as inactive is decided by the broker.

The inactivity fee also differs from 1 agent to another and isn't generalized. If a dealers account doesn't have a buying or selling transaction, it is claimed by the broker as an inactivity charge. The traders have to pay this fee under terms and conditions they had agreed while enrolling.

Colmex doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees have been implied by Colmex, it is best that you close the account if you are inactive. Inactivity fees are not just charged by broker firms but also many financial services.

For other trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.

Colmex Review - Deposit Fees Explained

When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't 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 cash on the Colmex trading platform is easy. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit large amounts.

Colmex Review - Compare Broker Deposit Methods

Colmex DF Markets IronFX
Minimum Deposit $100 $1 $500 $50
Credit Card

What Can You trade With Colmex?

Note: Colmex offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ depending 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 currency pairs.

Compare Colmex, DF Markets, IronFX & below.

Colmex DF Markets IronFX
Platforms Desktop, Android, iPhone, Mac Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Desktop, Android, Tablet, iPhone
Instruments Available 78 100 263
Forex & Crypto
Forex Pairs Available 80 120
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? No Yes Yes No
Offers Exotic Forex Pairs? NO Yes Yes Yes
Offers Cryptocurrencies? NO Yes Yes Yes
Commodity CFD's
Commodities Offered 0 12 10 0
Trade Metals? No Yes Yes Yes
Trade Energies? No No Yes Yes
Trade Agricultural? No No No Yes
Indiced & Stock CFDs
Stocks Offered 12 10 0
Trade UK Shares? Yes Yes Yes Yes
Trade US Shares? NO Yes Yes No
Trade German Shares? No Yes Yes No
Trade Japanese Shares? No Yes Yes Yes

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To Colmex

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

We've scoured the web to find the best alternatives to Colmex. Click on 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 inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register to get a demonstration account on Colmex, you will set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this digital Colmexdemo account, you are able to experiment in any way, to whatever length you wish. You can also start positions, examine different trading approaches, and much more.

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

Is Colmex safe?

You can drop all of your worries because we believe that Colmex is totally safe to use. It's in compliance with the principles 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 methods to fund your account with Colmex. The process is effortless and quick, with various payment methods in your fingertips.

You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not available in every place. The currencies Colmex

Is my money safe with Colmex?

Yes, your cash is safe and protected with Colmex. As you already know, Colmex works with good conformation to. It has established plenty of steps to guard all its own investors.

Colmex safeguards its clients' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further protect your accounts, it is possible to empower Two-Step Verification as well. It requires an SMS confirmation for you to get your accounts.

Is Colmex trading good?

Yes, trading through Colmex is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you could even obtain access to a vast collection of educational resources and assistive material to kickstart your trading experience.

If you remain skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform on your own.

Which Countries does Colmex support?

Colmex operates around the world. However, due to regulations there are some countries that Colmex do 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 may vouch for it. The highlight of this platform is its quick order execution on trades.

You'll find the clean layout of this platform along with the commendable 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 users and over 31 years of experience on its record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.

It simplifies this standing to its unbelievable platform and wide selection of tools plus resources so you may put money into 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, several traders make a lot of money. But on average, through continual trading, you can create between 2% - 10% profit a month.

This may seem like a little number, but over the year, this adds to a substantial number of gains. Even though Colmex provide you all the tools to make money, they cannot guarantee you will gain.

Does Colmex have fees?

Yes. To begin trading using Colmex, you need to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank might 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 broker 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 doesn't offer negative balance protection. If your balance is negative, Colmex indicates that you contact client services. With this, you can fix any imbalances within your own account.

Does Colmex offer guaranteed stop loss?

Colmex regrettably, does not offer guaranteed stop loss. Colmex gives a chance for its traders to close their trades at their given price. Aside from this, Colmex does not provide guaranteed stop loss.

Does Colmex allow scalping?

Yes, Colmex do permit scalping. Several traders throughout 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.