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Exceeded
Score
1.41 /10
Danger
Colmex Pro
2-5 yearsRegulated in South Africa
Financial Service Corporate
Suspicious Scope of Business
Suspicious Overrun
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index3.51
Business Index6.23
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2024-12-22
- 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!
WikiFX Verification
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.
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