CommerceWealth Broker Review – This Is Why CommerceWealth.com Is a Scam

There are currently around 70% of offshore brokers on the financial market. Most are registered in Saint Vincent and the Grenadines. Because this Caribbean island lacks a financial regulator, many investment firms see it as a potentially unlicensed trading place.

Look at our CommerceWealth review, and you will see why this broker meets all of our requirements.

Check out our updated scam broker reviews of BBanc, InvestAtlas, and XPro Markets

1. Scam Broker Status: Offshore
2. Not regulated by: Unlicensed Forex Provider
3. Websites of scammers: commercewealth.com
4. Forex Trading Scam: Active
5. This scam has been blacklisted by: FCA, BaFin, FSMA, CNMV, and FI.
6. Owner of the broker: CommerceWealth Ltd
7. Country of headquarters: Saint Vincent and the Grenadines
8. Funding Year: 2020
9. Platforms for online TradingTrading: CWTrader
10. Mobile TradingTrading is available
11. Deposit requirement: $1,000
12. Bonus on deposit: N/A
13. Trading Crypto Assets: Available            
14. You can trade CFDs: Yes, you can
15. Trading instruments: FX, commodities, indices, shares, cryptocurrencies
16. Leverage maximum: 1400
17. Islam Accounts: Available
18. Demo Account: No, only live accounts are available
19. Accepts US Clients: US traders are welcome.
20. Global Fraud Protection Team: Stay away from this scam broker!

Is CommerceWealth a Regulated Crypto and Forex Provider?

Located in Saint Vincent and the Grenadines, CommerceWealth Ltd owns CommerceWealth Forex. As instructed by the FSA, CommerceWealth regulation should come from Tier1 regulators in each country. 

We have verified with the FCA, ASIC, BaFin, and other license providers that CommerceWealth is not regulated and operates illegally. Avoid this scheme firm because of this fact.

Scam Warnings From Financial Watchdogs

We may be seeing so many unique warnings against the company for the first time. One regulator, followed by others usually blacklist the firm. There are four different regulatory bodies and four different signs here, however.

Official Warnings Issued by FCA, BaFin, CNMV, and FSMA – Evidence of Fraud

The UK FCA stated that CommerceWealth is not authorized and targets the British people. Thus, the client has no right to the FSCS compensation fund and should avoid it. Estonian FI republished the warning later.

German Federal Criminal Police joined the official investigation against the CommerceWealth trading scam.

According to FSMA, investors should avoid commercewealth.com. CNMV also announced that CommerceWealth offers Forex trading and financial advising without authorization.

Where Is CommerceWealth Scam Active?

Based on our research, the company primarily targets:

• France
• Germany
• Australia
• New Zealand
• UK

Did CommerceWealth Scam You? – Start the Chargeback Process Now

If a CommerceWealth scam has victimized you, please let us know as soon as possible. A dispute and chargeback request may be possible with Global Fraud Protection. Don’t let scammers take your money. Act immediately. Our experts can help you take the first step towards a refund during a free consultation.