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Commerce wealth

Item: Commerce wealth
Rating: 1.48

Saint Vincent and the Grenadines|2-5 years|

High potential risk|

https://commercewealth.com

Website

Open Account Time Machine

Rating Index

Influence

Influence index NO.1

Germany 2.58

Surpassed 14.80% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 8007214152

assistant@commercewealth.com

https://commercewealth.com

Beachmont Business Centre, Suite 117 Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Disclosure

Danger

PT CMVM

2023-10-04

cmvm warns investors about Commerce wealth

Commerce wealth

Danger

FR AMF

2021-01-18

Blacklists of unauthorized companies and websites: Forex

Commerce wealth

Private-union

NSX Capital

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Warning: Low score, please stay away! 2

Previous Detection : 2024-11-11

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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

WikiFX Verification

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Time Machine

Commerce wealth · WikiFX Survey

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Commerce wealth · Company Summary

General Information &Regulation

CommerceWealth is registered in St. Vincent and the Grenadines (SVG), a popular destination for untrustworthy entities which are trying to escape financial, or any other regulation imposed. Commerce wealth brokers being located in SVG, is alone enough to deduce the fact that they are NOT REGULATED as forex brokers. Consequently, this means they are illegal and should not exist as brokers.

Market Instruments

CommerceWealth claims to trade in over 100 currency pairs, commodities, indices, commodities and various crypto currencies.

Minimum Deposit

The minimum deposit required is 5000 USD with the Starter Account. A huge sum, compared to the rest of the market, in fact, there are too few brokers with similar conditions. It‘s a financial suicide for you to deposit such a huge amount, taking into account that there isn’t demo trading available and the broker itself is registered offshore.

Leverage

Commercewealth, according to their website, offers clients a whooping 1:400 leverage and have traded with over 20k clients.

Spreads & Commissions

There wasnt any mentioning about spreads in their account presentation, but on their homepage is a small pricing chart to be found, which shows 3 pips EUR/USD spread in the middle of the London session, too big if compared with the rest of the brokers in the industry.

Trading Platform Available

CommerceWealth says to offer MT5 trading accounts, no demo trading accounts available, a huge disadvantage and you should stay away from brokers who do not offer such an opportunity. There is always something fishy going on, if you are not allowed to give it a tryout.

Deposit & Withdrawal

The funding methods listed by CommerceWealth include credit/debit cards, PayPal and wire transfers. Also other payment methods are available in accordance with the clients country of residence. The withdrawals are said to be processed within 1 to 5 business days. The minimum withdrawal sum is 50 USD through wire transfer, bank card withdrawal limits are not specified.