Forex Brokers

Commonwealth-business (Imposter)

1.6 (13 reviews)
🇳🇿 New Zealand
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1.6
13 reviews
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About Commonwealth-business (Imposter)

Commonwealth-business (Imposter) has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Webinars are product pushes

D
Derek Y.
1 months ago

The reporting at Commonwealth-business (Imposter) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Tax reports included|Regular updates

Cons: No fractional shares

My biggest financial mistake

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Patrick X.
3 months ago

My card was charged twice by Commonwealth-business (Imposter) on the same day. I had to dispute it with my bank. Commonwealth-business (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Full transparency|Demo account available|Personal attention|Easy withdrawals

Cons: Live chat only during business hours|No integrated tax optimization

No accountability whatsoever

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George C.
4 months ago

I had a dispute with Commonwealth-business (Imposter) 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: Excellent charting|Reliable uptime|Multi-currency support

Cons: Spreads widen during volatile periods|Onboarding videos are outdated

Regulator has warned about them

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Wyatt K.
4 months ago

Opened my account with Commonwealth-business (Imposter) after reading several online reviews and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: High security standards|Wide product range|Multi-currency support

Cons: Mobile app could be improved|No integrated tax optimization

Still waiting for my withdrawal

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Grace Y.
4 months ago

I joined Commonwealth-business (Imposter) from a blog post comparing services 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: Automated trading options|API access

Cons: Charting tools need more indicators|No live chat on mobile

Requote on winning trades only

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Ruby S.
4 months ago

Commonwealth-business (Imposter) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Full transparency|Market news feed

Cons: No live chat on mobile|Withdrawal takes 1-2 business days

Checked with regulators - they're not licensed

O
Olivia E.
8 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Commonwealth-business (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Important information for potential investors

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Amy T.
9 months ago

I looked into Commonwealth-business (Imposter) and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

The worst platform I have ever used

K
Kimberly C.
9 months ago

Where do I even begin with Commonwealth-business (Imposter)? since early this 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: Tax reports included|Excellent charting|Good analytical tools

Cons: No crypto staking

Billing department is a black hole

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Rebecca T.
9 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Commonwealth-business (Imposter) is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Dedicated account manager|Economic calendar|Reliable uptime|Social trading features

Cons: Limited demo account features