Commerzwelt Review – Fake Broker With Fake Crypto Regulations

In less than 3 months, the company FCU Investments LTD is exposed as a fraudulent one. Since its incorporation in 2023, they were offering FX and CFD trading services with CCA regulations. Even though inexperienced traders might trust it, we don’t.

Therefore, read this Commerzwelt review carefully to know what to watch for next time. The key thing is to be equipped with adequate information. With this in mind, you should read our RealFXPro and Trustpac reviews. We are sure you won’t leave disappointed.

Legal info: Is Commerzwelt legit or a Scam?

The company is registered offshore, in the Marshall Islands. In the first place, the company doesn’t have any domestic regulations. Therefore, we switched to Tier 1 regulatory databases. For instance, FCA, BaFin and ASIC. Non-surprisingly, the brokerage is not licensed anywhere. On the contrary, they already earned a warning from a trusted German regulator – BaFin.

Practically, you can forget about any protection that Commerzwelt scam broker might offer you. Also, they claim to be regulated by the self-proclaimed regulator Crypto Conduct Authority. However, crypto companies are required to have a Digital Asset Service Provider license. If you had any doubts this is a scam, now you won’t.

Who are Commerzwelt clients?

With quite a short life span of the company, they already managed to spread their network in Europe. But mainly, their scammed traders are coming from: 

Most likely, there are many more. Therefore, we encourage you to share with us your experience with this broker, if you had any. Most importantly we can protect other traders getting trapped, but also help you with the refund process.

Leverage, Commissions, Spreads and Fees With Commerzwelt

With Commerzwelt broker everything is mysterious. The same is with the trading conditions. Even though, on the website you get to see 0 pips spread, the reality is different. Also, the leverage of 1:100 for the highest account is not complying with any regulations. Especially not BaFin and ESMA.

Besides this, other costs remain unknown. It leaves enough room for this broker to manipulate fees and commissions.

Commerzwelt Trading Features

If you take a look into the company’s trading room you won’t see anything spectacular. Only basic-web-based software with limited functionalities. In fact, if you were expecting social or copy trading, you can start looking elsewhere now.

Available Trading Assets

Even though there are all 5 main categories available, don’t let that fool you. In general, tradeable instruments don’t make the broker reliable as well. But be aware of data manipulation since they are running proprietary web-based platform. Anyway, there are a vast of options:

• Forex            USD/EUR, EUR/SEK
• Commodities gold, palladium
• Indices          DAX30, CAC40
• Shares          Amazon, Tesla
• Cryptos              ETH, DOT

Account Types

Another clear sign of this investment scam is their account types. With bonuses available and promising returns, they are highly untrusted. 

You have 7 account types, requiring higher deposited amounts. In return, you get more trading sessions, fake protection, higher leverage, higher returns and higher bonuses. You can choose:

• Basic            $250
• Bronze          $10.000
• Silver            $25.000
• Gold             $50.000
• Platinum       $100.000
• Diamond       $250.000
• VIP               $500.000

Mobile Trading App

Generally speaking, what trading company requiring $500K doesn’t have a mobile trading app? It’s the Commerzwelt scam broker. Instead of trusted third-party software like cTrader or MetaTrader, they choose a web trader. That’s exactly why they don’t have iOS and Android apps.

Demo Account

A demo account is a great solution to check the platform and trading conditions. Even though the company gives insight into the platform, you can’t trade with virtual funds. At least you can see that you are not missing anything.

Education

Luckily, this scam broker doesn’t offer any educational program. Otherwise, they would teach you only the wrong sides of trading. Obviously, their goal is just to manipulate you into higher deposits. But your understanding of trading is not their main priority.

Commerzwelt Withdrawal

Another key point is a withdrawal. But first, let’s analyze funding methods. The company has icons of Visa and MasterCard, Bitcoin and Wire transfer. However, that doesn’t mean they accept all of those. Therefore, you need to know that only with card transfers you can get a chargeback. Wire transfers and crypto transfers are irreversible.

Considering their missing legal documents and withdrawal policy, you can expect issues with withdrawals. They are not marked as a scam broker for bad customer support. But for stealing money.

Customer Support

Speaking of customer support, you can’t be satisfied with their options. In fact, you can only contact Commerzwelt scam broker via e-mail and an online contact form. However, they promote Telegram communication with your broker.

To conclude, if they are helpful and reliable they would have a phone line or more transparent options. This way, you can only hope for their response.

Key Information To Consider About Commerzwelt?

Generally, there is nothing positive about this broker. The only positive thing is a warning from BaFin that will keep traders protected and away from these swindlers. Overall, their offer is designed to extort money from traders. But now you know all their dirty tricks.

In case you were a victim of this or any other similar broker, don’t lose all hope. Even if you were making crypto transfers, you can track it down. The key is access to CipherTrace software. Don’t hesitate to reach out to our expert team for advice. It’s your money at stake and our first consultation is free of charge. Don’t wait, get in touch now!

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