commercewealth.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: commercewealth.com.
I joined commercewealth.com after reading several online reviews and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Regular updates|Fast execution
Cons: No integrated tax optimization
I signed up with commercewealth.com after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Multi-currency support|Comprehensive tools|Educational resources
Cons: Live chat only during business hours|Onboarding videos are outdated
KYC with commercewealth.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Educational resources|Reliable uptime|High security standards|Low minimum deposit
Cons: Some tools only available on higher tiers
After using commercewealth.com for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Competitive fees|Helpful community forum
Cons: Mobile app could be improved|Would like more payment methods
Do not be fooled by the professional-looking website. Behind the scenes, commercewealth.com is disorganized and incompetent. I found them after a family member had a good experience and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Comprehensive tools|API access|Copy trading available|Wide product range
Cons: Account statements could be more detailed|Nothing significant
I had a dispute with commercewealth.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Regular updates|Great customer service
Cons: Some tools only available on higher tiers|Wait times can be long during peak hours
What really bothers me about commercewealth.com is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Helpful community forum|Great customer service|Full transparency
Cons: Research section could be deeper|Account statements could be more detailed
Customer support at commercewealth.com seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Personal attention|High security standards|Demo account available
Cons: No live chat on mobile
Do not use commercewealth.com for anything serious. I used them for over a year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: High security standards|Low minimum deposit
Cons: Some tools only available on higher tiers|No phone support on weekends
I wanted to transfer my portfolio from another broker to commercewealth.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good mobile app|Intuitive for beginners|API access
Cons: Limited cryptocurrency options|Limited demo account features