Colmex Pro has decided to restrict the onboarding of new retail contracts for difference (CFD) clients, FinanceMagnates.com has learned.
No More CFDs
The Cyprus-regulated broker highlighted that its decision to exit the CFD market was “part of its longer-term transition towards investment products and market access solutions.” It is going to focus on products such as equities, ETFs, and other exchange-traded instruments.
“CFDs have been a significant part of the online trading industry for many years,” said Nicos Vasiliou, Chief Executive Officer of Colmex Pro. “At the same time, we believe there is growing importance in building around products that are more transparent in nature and better suited to long-term investor participation.”
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Vasiliou took over the broker’s executive control in late 2024. Interestingly, he has a compliance background and spent over three years of his career at the Cyprus Securities and Exchange Commission (CySEC), which regulates CFD brokers on the Mediterranean island.
The company also believes that future growth in financial services will increasingly come from firms able to provide straightforward market access through products with less structural complexity and clearer alignment with investor interests.
“[Our] decision reflects what we believe,” Vasiliou added. “Our focus is increasingly on exchange-traded products and on building a platform model grounded in transparency, sustainability, and long-term client value.”
