Colmex Pro Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Colmex Pro trading signals. You will learn what kinds of trading signals Colmex Pro offers and what the conditions for using them are.
Short introduction of Colmex Pro
Colmex is a professional broker founded in 2009 for Forex and OTC markets. The company allows trading CFDs on all types of standard assets, except for cryptocurrencies. It also offers to invest in over 9,000 stock assets of OTC and exchange markets, including IPOs and ETFs. The broker is headquartered in Cyprus and licensed by the regulators of Cyprus and South Africa.
| 💰 Account currency: | USD, EUR, and GBP |
| 🚀 Minimum deposit: | From USD 500-2,000. |
| ⚖️ Leverage: | from 1:200 up to 1:400 |
| 💱 Spread: | By Forex assets: from 1.4 pips for a Basic account |
| 🔧 Instruments: | Over 11,000 instruments, 8,000+ of which are stocks |
| 💹 Margin Call / Stop Out: | 50%. There is no stop-out for traders with the "Professional/Qualified" status |
Colmex Pro Pros and Cons
👍 Advantages of trading with Colmex Pro:
•Over 11,000 trading asset types are available including Blue chips, OTC markets, IPOs, and depositary receipts; also classic CFD assets.
•Availability of an insurance fund with payment of up to €20 thousand for each trader's account.
•Segregation of customer accounts.
•Flexible approach to the formation of tariff policy.
•A proprietary platform for professional trading that surpasses MT4 in many respects.
👎 Disadvantages of Colmex Pro:
•High initial deposit. For most accounts, the minimum entry threshold is from 2-3,000 USD.
•Offshore regulation.
•Withdrawal commission.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Colmex Pro Trading Signals
The experts at Traders Union have analyzed Colmex trading terms for explicit and hidden commissions. There is some difficulty in presenting the information. The Basic for Pairs account has a commission of $14.5 for example, in the Forex account group. This means a spread of 1.4 pips for pairs with reverse quotes for a full lot. Does this figure include the fixed commission for ECN accounts? Does the commission of $14.5 mean equal spreads for all pairs? Why are the commissions for major pairs and "exotic" pairs the same and very high? Ask all these questions to the support team. Also, the Traders Union analysts noted a commission for withdrawing funds under several сonditions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Basic | $14.5 | Yes |
| Semi Standard | $7 | Yes |
| Standard | $4 | Yes |
| VIP | $3 | Yes |
| Premium VIP | $2 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Colmex Pro does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.