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Colmex Pro

Item: Colmex Pro
Rating: 1.40

United Kingdom|2-5 years|

Financial Service Corporate|Suspicious Overrun|High potential risk|

https://colmex24.com/eu/

Website

Time Machine

Rating Index

Contact

442037691124

https://colmex24.com/eu/

Licenses

FSCA Exceeded

South Africa Financial Service Corporate

CYSEC Suspicious Clone

Cyprus Market Making(MM)

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Warning: Low score, please stay away! 4

Previous Detection : 2024-11-15

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

This broker exceeds the business scope regulated by South Africa FSCA(license number: 46990)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

The CyprusCYSEC regulation (license number: 123/10) claimed by this broker is suspected to be clone. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

A Visit to COLMEX PRO in Cyprus – No Office Found

WikiFX Survey
Colmex Pro

Danger

Cyprus

WikiFX Survey
Colmex Pro

Danger

Cyprus

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Time Machine

Colmex Pro · WikiFX Survey

Danger A Visit to COLMEX PRO in Cyprus – No Office Found

Cyprus

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Colmex Pro · Company Summary

Note: Colmex Pro's official website: https://colmex24.com/eu/ is currently inaccessible normally.

Colmex ProReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	FSCA (Exceeded), CySEC (Suspicious clone)
Market Instruments	Indices, Commodities, Bonds, Forex
Demo Account	/
Leverage	/
Spread	/
Trading Platform	/
Min Deposit	$2000
Customer Support	Phone: +44 20 3769 1124

Colmex Pro is an offshore broker which illegally uses the name of a regulated broker —Colmex Pro. It offers trading on Indices, Commodities, Bonds, Forex with a extremely high minimum deposit requirement of $2000.

Pros and Cons

Pros	Cons
None	No valid regulation
	Unavailable website
	High minimum deposit

Is Colmex Pro Legit?

Colmex Pro exceeds the business scope regulated by Financial Sector Conduct Authority FSCA (license number: 46990) in South Africa.

Besides, the Cyprus Securities and Exchange Commission (CYSEC) regulation (license number: 123/10) claimed by this broker is suspected to be clone.

What Can I Trade on Colmex Pro?

Tradable Instruments	Supported
Indices	✔
Commodities	✔
Bonds	✔
Forex	✔
Cryptocurrencies	❌
Stocks	❌

Account Type

Account Type	Minimum Deposit
Basic	$2,000
Semi Standard	$3,000
Standard	$5,000
VIP	$10,000
Premium VIP	$50,000

The minimum deposit with the broker is $2000 for a “Basic” account. This is a very high investment for a forex account.

Colmex Pro Fees

The commissions listed on the Colmex Pro website are extremely high – for the Basic account, a fee of $14.5 per contract per side is listed for the currency trading.

Colmex Pro also charges monthly inactivity fees – from $30 to $55 depending on the account type. And these fees are imposed after just 30 days of inactivity.

In addition, the Colmex Pro website describes a number of additional fees that do not exist with legitimate brokers. These include, for example, the “Corporate Action Fee” of $5. According to information given on the website, a client is also required to pay a dividend if he maintains a short position in a companys stock.

Deposit and Withdrawal

The only payment method mentioned on the website is bank transfer. Colmex Pro mentions that it does not charge fees for bank transfer deposits, and for withdrawals of less than $500. For higher amounts, the withdrawal fee is $40 or €30.