CommerceWealth Broker Review – What Do We Know About This Forex Broker?

William Thompson 29.12.2022 No Comments
Rating
Table of Contents
Broker status Offshore Scam Broker
Regulated by Unlicensed Forex Provider / No Regulation
Scammers Websites commercewealth.com
Blacklisted as a Scam by FCA, BaFin, FSMA, CNMV, FI
Owned by CommerceWealth Ltd
Headquarters Country Saint Vincent and the Grenadines
Foundation year 2020
Supported Platforms CWTrader
Minimum Deposit $1000
Cryptocurrencies FX, commodities, indices, shares, cryptocurrencies
Types of Assets Available
Maximum Leverage 1:400
Free Demo Account No

CommerceWealth is a licensed Forex and Crypto provider?

CommerceWealth Ltd is the owner of CommerceWealth Forex, which is based in Saint Vincent & the Grenadines. CommerceWealth regulations must be issued by Tier1 regulators within the country of service, according to FSA instructions.

After checking with ASIC, BaFin and other licensing providers, CommerceWealth broker was found to be unregulated and operating illegally. This fact should be known and avoided.

Financial Watchdogs warn of scams

This could be the first time that the regulators have received so many warnings about the company. Normally, one regulator adds the company to their blacklist and then others follow. We have four regulatory bodies, and four warnings.

Official Warnings issued by FCA, BaFin and CNMV – Evidence that Fraud

The UK FCA declared that CommerceWealth was not authorized and is targeting UK residents. The client is not entitled to the FSCS compensation funds and should be avoided. Estonian FI later published the warning.

The German BaFin began an investigation into the CommerceWealth scam and involved the German Federal Criminal Police.

The Belgian regulator FSMA strongly advised investors not to purchase the domain commercewealth.com.

CommerceWealth, Spanish CNMV, also announced that it provides trading services, including Forex trading, and financial advising, without authorisation.

CommerceWealth Scam Active

Our research shows that the company targets primarily citizens from:

  • France
  • Germany
  • Australia
  • New Zealand
  • UK

What Trading Instruments Can I Trade?

Investors have the option to invest in:

  • 100+ currency pairs
  • 10+ commodities
  • 30+ global indices
  • 200+ stock
  • 20+ cryptocurrencies

The leverage of all assets in this company is up to 1:400. This is against regulatory rules.

Chargeback Is Your Solution!

A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.

By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.

However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.

Request a free consultation today by clicking the button below!

Free consultation

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

CommerceWealth: Video

Below you will find a short video about CommerceWealth. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about CommerceWealth!

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Author: William Thompson
William Thompson

Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com

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FAQ

  • CommerceWealth: What is it and should I invest money in it?

    CommerceWealth is an off-shore trading broker that is not worth your money. We can help you with a refund if you fall for their scheme.

  • What is the CommerceWealth Minimum deposit?

    CommerceWealth requires that you deposit at least $1,000 in order to trade.

  • CommerceWealth Broker: Can I trade CFDs and Cryptos?

    This firm allows you to trade crypto and CFDs, but we do not recommend it.

  • What is the Average Time CommerceWealth Withdrawals Take to Complete?

    According to the company, it may take up to five business days to process your request.

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