Commerce wealth foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://commercewealth.com/signup, about the company's legal and temporary regulatory information, the company's address Beachmont Business Centre, Suite 117 Kingstown, St. Vincent and the Grenadines.
Commerce wealth Forex Broker
Basic Information
Registered Region 
Saint Vincent and the Grenadines
Saint Vincent and the GrenadinesOperating Period
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Company Name
CommerceWealth Ltd
Abbreviation
Commerce wealth
Company employee
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Customer Service Email Address
assistant@commercewealth.com
Contact Number
+18007214152
Company Website
Company address
Beachmont Business Centre, Suite 117 Kingstown, St. Vincent and the Grenadines
Keywords
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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.
Commerce wealth broker review
Is Commerce wealth safe or scam
Rating Index
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1.51
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Commerce wealth Forex Broker has an overall rating of 1.51, Regulatory Index 0.00, License Index 0.00, Business Index 7.01, Software Index 4.00 Risk Control Index 0.00.