Common Investments Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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All I want to say is staying clear of this company, this Common Investments, guys, if you don’t want to lose you money. A typical scammer, they will use sweet words to lure you in and take all your money then.
In this comprehensive review of Common Investments, we delve into the broker's strengths and weaknesses based on various user experiences and expert opinions. While some users praise its user-friendly platform and diverse asset offerings, concerns about regulatory compliance and withdrawal practices raise significant red flags.
Note: It's essential to recognize the potential differences in operations across regions, as Common Investments appears to cater to various markets without clear regulatory oversight. This review aims to provide a balanced perspective based on available information.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 6 |
How We Rate Brokers: Ratings are derived from a synthesis of user experiences, expert reviews, and factual data from various reliable sources.
Founded in 2022, Common Investments presents itself as an online trading platform aimed at retail traders. The broker offers a proprietary trading platform, which lacks the widely recognized MT4 or MT5 platforms, focusing instead on its own web-based and mobile applications. Users can trade various asset classes, including forex, cryptocurrencies, stocks, and commodities, but the absence of regulatory oversight is a significant concern. Notably, the broker is not registered with any major regulatory body, which raises questions about the safety of user funds.
Common Investments operates without any regulatory oversight, which is a significant concern for potential users. According to multiple sources, including WikiFX, the broker has received warnings from regulatory authorities, indicating that it operates outside the bounds of legal financial practices. This lack of regulation means that users may not have recourse in the event of disputes or fraudulent activities.
Common Investments supports deposits and withdrawals in various fiat currencies, but specific details on cryptocurrency transactions are limited. Users are advised to exercise caution when depositing funds, as the withdrawal process has been reported to be problematic, with delays that can extend for months.
The minimum deposit requirement for opening an account with Common Investments is set at $250, which is relatively standard in the industry. However, some sources indicate that higher tiers of accounts may require significantly more capital, potentially limiting access for smaller investors.
While Common Investments does not prominently advertise any bonuses or promotions, some reviews suggest that the broker may employ aggressive marketing tactics, promising unrealistic returns to entice users to deposit funds. These practices are often characteristic of unregulated brokers, further emphasizing the need for caution.
Common Investments offers a range of tradable assets, including forex, cryptocurrencies, stocks, and commodities. The platform's flexibility allows users to diversify their portfolios, but the lack of clarity regarding the exact number of available assets and their respective trading conditions is a point of concern.
Information regarding spreads, fees, and commissions is not consistently reported across sources. Some reviews indicate that trading with Common Investments may come with hidden fees or high withdrawal charges, which can diminish overall profitability for traders. Users should be vigilant in reviewing the terms and conditions before engaging in trading.
Details on leverage options offered by Common Investments are sparse, with some sources indicating that leverage is available but without specific ratios provided. Given the risks associated with high leverage, potential users should approach this aspect with caution.
Common Investments primarily operates through its proprietary trading platform, which lacks the functionalities of established platforms like MT4 or MT5. While the web and mobile applications are designed to be user-friendly, the absence of more sophisticated trading platforms may deter experienced traders.
Common Investments is reportedly not available in several countries, which limits access for potential users. Those in regions where the broker operates should verify local regulations and ensure compliance before engaging with the platform.
Customer service is available primarily in English, with support offered via email and phone. However, the responsiveness and quality of customer support have received mixed reviews, with some users reporting delays in receiving assistance.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 6 |
Account Conditions: The minimum deposit requirement of $250 is standard, but the lack of regulatory oversight raises concerns about fund safety.
Tools and Resources: The proprietary platform offers basic trading tools, but its lack of advanced functionalities compared to MT4 or MT5 may limit experienced traders.
Customer Service and Support: While customer service is available, the effectiveness and timeliness of responses have received mixed reviews, indicating room for improvement.
Trading Experience: The user interface is generally user-friendly, but the absence of established trading platforms may deter seasoned traders.
Trustworthiness: The lack of regulation and warnings from authorities significantly impacts the broker's trustworthiness, making it a risky choice for investors.
User Experience: Overall, users have reported a satisfactory experience with the platform, but concerns about fund withdrawals and customer support persist.
In conclusion, while Common Investments may attract some traders with its user-friendly interface and diverse asset offerings, the lack of regulatory oversight and potential withdrawal issues are significant red flags that should not be overlooked. Prospective users are strongly urged to conduct thorough research and consider alternative, regulated brokers before committing their funds.
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