Amsel Commodities AG has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 431299 7178
Addresses: Fleishamarket Is Vienna 1010 Austria This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.amselcommodities.com.
I experienced a security concern with my Amsel Commodities AG account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Great customer service|Intuitive for beginners
Cons: Charting tools need more indicators|Would like more payment methods
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Amsel Commodities AG recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Economic calendar|Detailed reporting|Multi-currency support
Cons: Withdrawal takes 1-2 business days|Alert system is basic
Amsel Commodities AG advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Social trading features|Wide product range|Good mobile app|Dedicated account manager
Cons: Desktop app not available on Linux|Search feature is basic
I am in a dispute with Amsel Commodities AG over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Smooth onboarding|Competitive fees|Fast deposits
Cons: Withdrawal takes 1-2 business days|Help articles are sometimes vague
Amsel Commodities AG has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Economic calendar|Good analytical tools|Clear documentation
Cons: Slow to add new assets|Help articles are sometimes vague
The only good thing about Amsel Commodities AG is that they remind you why regulation matters. I found them after attending a webinar they hosted. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Multiple order types|Stable platform|Comprehensive tools
Cons: Wish they had more educational resources|No crypto staking
After for the past six months with Amsel Commodities AG I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clean UI|Easy withdrawals
Cons: No phone support on weekends|Minimum deposit could be lower
Where do I even begin with Amsel Commodities AG? since I retired last year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Economic calendar|Good mobile app|Copy trading available
Cons: Some tools only available on higher tiers