CommerceWealth review
CommerceWealth is a Multi-Assets Trading Platform with over 1200+ Assets
CommerceWealth is a multi asset platform with 1200+ tradable Assets. Assets available on CommerceWealth include Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading.
CommerceWealth trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading are considered financial assets.
Features of CommerceWealth
- CommerceWealth offers Advanced Financial Chart comparison tools
- CommerceWealth offers Research-backed analysis on financial markets and investments from top analysts
- The CommerceWealth platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser.
- CommerceWealth offers a trading platform with tools for both New Traders and Seasoned Experts
- CommerceWealth users benefit from using the CommerceWealth platform in over 15 different languages
CommerceWealth review
What you should know
CommerceWealth offer four ways to trade: Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading. The assets and products available to you on the CommerceWealth trading platform depends on the region of the world, you are in and the CommerceWealth entity you have an account.
With CommerceWealth you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with CommerceWealth platform.
CommerceWealth are able to accommodate various levels of traders whether you are experienced or a beginner.
Are CommerceWealth safe?
When considering CommerceWealth for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as CommerceWealth, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2000, and in operation for 24 years CommerceWealth have a head office in St. Vincent and the Grenadines.
CommerceWealth is not regulated. This means CommerceWealth are not supervised by any regulatory bodies.
CommerceWealth withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like CommerceWealth are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. CommerceWealth are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of CommerceWealth and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. CommerceWealth has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, CommerceWealth will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like CommerceWealth, you can enjoy peace of mind and focus on your trading activities.
Your capital is at risk
Is my money safe with CommerceWealth?
All payments made to CommerceWealth by traders are securely held in a segregated bank account.
CommerceWealth uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should CommerceWealth use them?
CommerceWealth partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their CommerceWealth clients' funds.
CommerceWealth clients can have greater confidence in their financial security when working with a Tier 1 bank because CommerceWealth are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in CommerceWealth deposited in a Tier 1 bank?
Depositing funds with CommerceWealth ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if CommerceWealth were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that CommerceWealth is a secure and safe platform.
Please be aware that trading in financial assets with CommerceWealth carries a risk of loss. CommerceWealth trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
CommerceWealth emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about CommerceWealth, let's closely examine its features.
To better understand the CommerceWealth trading platform, you can create two separate accounts - one with real money and the other a CommerceWealth demo account. A CommerceWealth demo account provides a risk-free environment for experimenting with the CommerceWealth platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in CommerceWealth trading decisions.
Open a demo account Visit CommerceWealth
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How CommerceWealth as a Company Compare Against Other Brokers
Broker | commercewealth | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 2000 | 2007 | 2009 | 2007 |
Head Office | St. Vincent and the Grenadines | Australia | Belize | Cyprus, UK |
Regulation | Unregulated | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 2,000+ CommerceWealth users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
Negative balance protection | No | Yes | Yes | Yes |
Guaranteed Stop Loss | No | No | No | No |
Learn More | Visit CommerceWealth | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
CommerceWealth review
CommerceWealth Pros and Cons
CommerceWealth review
CommerceWealth Regulation and Licensing in more detail
The online broker CommerceWealth is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with CommerceWealth, you may not receive adequate help or recourse.
- Unregulated
Is CommerceWealth Global?
No, CommerceWealth is not global, CommerceWealth is not available globally as CommerceWealth is not available in some major trading countries.
CommerceWealth is restricted in some major geo regions.
CommerceWealth review
CommerceWealth Fees Explained
- CommerceWealth withdrawal fees varies on payment method
- CommerceWealth does not charge a fee for inactive accounts.
- CommerceWealth doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from CommerceWealth are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
CommerceWealth Costs To Check
Modern brokers like CommerceWealth provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, CommerceWealth may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall CommerceWealth trading profitability.
How CommerceWealth Fees Compare Against Other Brokers
Broker | commercewealth | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 10 | 200 | 10 | 100 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | No | Yes |
Deposit Fees | No | Varies | No | No |
CFD Commission Fees | Yes | Yes | No | Yes |
CommerceWealth Minimum Deposit
CommerceWealth requires a minimum deposit of 10 GBP/USD/EUR when opening an CommerceWealth trading account.
A minimum deposit is the minimum amount of money required by CommerceWealth to open a new online brokerage account with them.
Don't be scared off by brokers like CommerceWealth charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like CommerceWealth, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
CommerceWealth Withdrawal Fees
The fees for withdrawing funds from your CommerceWealth account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your CommerceWealth withdrawal request is important.
CommerceWealth Withdrawal rules may vary across different brokers when it comes to transferring funds from your CommerceWealth or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with CommerceWealth may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the CommerceWealth withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from CommerceWealth. Researching and comparing CommerceWealth withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing CommerceWealth funds frequently or dealing with large sums of money. Awareness of these CommerceWealth fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your CommerceWealth funds.
For example, CommerceWealth allows you to withdraw your funds to Bank Wire transfer, Debit cards, Visa, MasterCard.
CommerceWealth Inactivity Fees
CommerceWealth does not charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by CommerceWealth terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all CommerceWealth fees and services. It's recommended that you check the CommerceWealth website before signing up. If you decide to close your CommerceWealth account, it's important to do so with the CommerceWealth broker customer support and obtain confirmation that no remaining CommerceWealth fees are due.
Brokers like CommerceWealth must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
CommerceWealth Deposit Fees
CommerceWealth does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
CommerceWealth Commission Fees
CommerceWealth does charge commission on CFD instruments.
Brokerage firms like CommerceWealth may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the CommerceWealth trading account level held by the trader.
CommerceWealth may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing CommerceWealth terms and conditions to understand the commission fees and any other charges that may apply is essential.
CommerceWealth review
What can you trade with CommerceWealth?
It's essential to note that the trading instruments offered under the CommerceWealth brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the CommerceWealth trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with CommerceWealth over 1200 instruments in fact.
If you want to trade currency pairs on global Forex markets, CommerceWealth offer over 60 currency pairs.
CommerceWealth Compared To Other Brokers
Compare CommerceWealth with IC Markets and Roboforex below.
How CommerceWealth Trading Options Compare Against Other Brokers
Broker | commercewealth | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 1200 | 2250 | 100 | 5000 |
Platforms | MT5, Web | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 60 | 61 | 35 | 50 |
Major Forex pairs | Yes | Yes | Yes | Yes |
Minor Forex pairs | Yes | Yes | Yes | Yes |
Exotic Forex pairs | Yes | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | Yes | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | Yes | Yes | Yes | Yes |
Energies | Yes | Yes | No | Yes |
Agricultural | Yes | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 100 | 2100 | 0 | 2042 |
UK Shares | No | Yes | Yes | Yes |
US Shares | Yes | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit CommerceWealth
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
CommerceWealth review
Trading on CommerceWealth web platforms and other applications
CommerceWealth provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.
CommerceWealth is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.
A CommerceWealth iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.
CommerceWealth also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See CommerceWealth's platformsIs the CommerceWealth Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the CommerceWealth trading platform to protect you on PC and mobile CommerceWealth platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using CommerceWealth web trading platforms.
CommerceWealth Trading Platform Options
After logging into your CommerceWealth account, you'll find a range of trading platform options available below.
- MetaTrader 5 (MT5)
Please note that CommerceWealth does not support the popular MetaTrader 4 (MT4) trading platform. However, if you're looking for a broker offering MT4, you can explore other options available through various online platforms here.
CommerceWealth does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.
Let's explore each of these trading platforms in detail and what options CommerceWealth gives you.
CommerceWealth & MetaTrader 5 AutoChartist
Autochartist on the CommerceWealth platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Available for CommerceWealth MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.
With Autochartist, CommerceWealth traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save CommerceWealth users time and makes the trading process more efficient.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. CommerceWealth traders can navigate the platform and find the information they need to make informed trading decisions.
CommerceWealth Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for CommerceWealth traders of all experience levels.
CommerceWealth review
CommerceWealth MetaTrader 5 (MT5)
CommerceWealth MetaTrader 5 (MT5) In Detail
CommerceWealth MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, CommerceWealth MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.
MT5 on CommerceWealth provides the convenience of using automated trading systems and copy trading, giving CommerceWealth traders competitive research tools in the financial markets.
You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.
Trade CommerceWealth MetaTrader 5 WebTrader
Access your CommerceWealth MetaTrader 5 accounts from any web browser. MT5 on CommerceWealth features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.
CommerceWealth review
CommerceWealth MT5 Buying and Selling
CommerceWealth MetaTrader 5 on iOS Devices
CommerceWealth MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. CommerceWealth MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.
CommerceWealth MetaTrader 5 on Android Devices
The CommerceWealth MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the CommerceWealth trading server. Take the time to understand all of the CommerceWealth Android MetaTrader 5 features. With CommerceWealth MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.
CommerceWealth Metatrader Mobile Application Features
MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :
- CommerceWealth Financial instrument quotes
- View in-depth price charts of financial instruments with CommerceWealth MetaTrader
- Manage trades and open positions on CommerceWealth MT4 & MT5
- View your CommerceWealth trading history
- View market news
- MetaTrader internal messaging on CommerceWealth
- View and research market statics of CommerceWealth financial instruments
- CommerceWealth Position opening and closing
- Lookup symbols in the CommerceWealth MetaTrader quotes section
- Display of deals on CommerceWealth graphs
- CommerceWealth Timeframe selection for graphs and charts
- Additional vertical scaling of CommerceWealth graphs
- Capability to transfer CommerceWealth accounts to other devices using QR codes
- Information is available only if it's supplied by CommerceWealth
- Access the OTP generator through FaceID or fingerprint with CommerceWealth
CommerceWealth MetaTrader 5 Advanced Trading Tools
CommerceWealth MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.
- CommerceWealth MT5 Depth of market bids and asks
- Financial Price Data on CommerceWealth
- Margin Calculation, Futures, Forex on CommerceWealth
- Advanced Techincal Analysis on CommerceWealth MT5
- One click trading on CommerceWealth MT5
- CommerceWealth Spreads
- CommerceWealth Futures
- CommerceWealth Trading Reports
CommerceWealth Trading benefits
- CommerceWealth Allows scalping
- CommerceWealth Offers STP
- CommerceWealth Low min deposit
CommerceWealth Trading Accounts Offered
Below we give an overview of the account types that CommerceWealth offer. Whatever you are looking to trade, the varying CommerceWealth account types will be able to provide you with what you need.
- CommerceWealth Standard account
- CommerceWealth STP account
- CommerceWealth Islamic account
Can I try CommerceWealth?
CommerceWealth provides a demo account that enables individuals to explore trading before investing their funds. By creating a CommerceWealth practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the CommerceWealth demo account can help individuals to make informed decisions before investing their money.
Open a demo CommerceWealth account to practice and trade.
Your capital is at risk
CommerceWealth withdrawal and funding methods
It's essential to remember that the payment methods provided by CommerceWealth vary based on the CommerceWealth entity and the CommerceWealth client's country of residence. To view the CommerceWealth payment options available, you can log into your CommerceWealth member's area.
CommerceWealth offers various funding payment methods listed in your CommerceWealth dashboard if available in your region. To learn more about the CommerceWealth funding and withdrawal options available in your area, you can explore the CommerceWealth website.
CommerceWealth provides several payment methods for funding your CommerceWealth account. You may utilize any of these deposit options if they are available in your region. CommerceWealth ensures that users have multiple payment methods to choose from, making it more convenient for verified CommerceWealth account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the CommerceWealth user's location. learn more about CommerceWealth funding and withdrawal methods.CommerceWealth Payment Methods
Some CommerceWealth payment methods are local and are available only to specific regions. CommerceWealth account holders should check which payment methods are provided in your region.- CommerceWealth accepts Bank Wire transfer
- CommerceWealth accepts Debit cards
- CommerceWealth accepts Visa
- CommerceWealth accepts MasterCard
Broker | commercewealth | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | No | Yes | Yes | Yes |
Paypal | No | Yes | No | Yes |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | No | Yes | No |
Neteller | No | Yes | Yes | Yes |
*please note available CommerceWealth and other broker payment methods depend on the clients country of residence.
How can I start trading with CommerceWealth?
To open a trading account with CommerceWealth, individuals can sign up on the CommerceWealth website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for CommerceWealth account validation and making a deposit. Once completed, CommerceWealth users can download the trading platform of their choice.
It's important to note that CommerceWealth requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps CommerceWealth maintain a trustworthy financial environment for its 2,000 users. Detailed information on the CommerceWealth trading platforms is available on their website.
Your capital is at risk
Performing trades with CommerceWealth
When using CommerceWealth, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. CommerceWealth have a max trade of varies. With STP execution on the CommerceWealth platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.
Like other brokers, CommerceWealth margin requirements can differ depending on the traded instrument.
CFD Trading on CommerceWealth
We will show you an example of the basics of using CommerceWealth leverage.
CFD trading on CommerceWealth allows traders to speculate on the price movements of various financial instruments against the broker CommerceWealth, without actually owning real assets. With CFDs, CommerceWealth traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
CommerceWealth provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, CommerceWealth leverage profits and losses are magnified when trading. For instance, using CFDs, you use the CommerceWealth trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, CommerceWealth leverage magnifies both profits and losses in trading.
Trading CFD trades on the CommerceWealth platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced CommerceWealth traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at CommerceWealth
To trade effectively with CommerceWealth, it's important to have a good understanding of the CommerceWealth trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with CommerceWealth and externally.
CommerceWealth . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with CommerceWealth. Familiarizing yourself with the CommerceWealth trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using CommerceWealth. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with CommerceWealth involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like CommerceWealth, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with CommerceWealth. Explore the CommerceWealth platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with CommerceWealth, before live trading.
Customer Support at CommerceWealth
As part of our CommerceWealth review, we review customer service options, response times and problem resolution effectiveness on the CommerceWealth trading platform. The CommerceWealth trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
CommerceWealth Available Support Types
Based on our experience, we have given CommerceWealth a D grade for customer support. We encountered some slow response times or CommerceWealth queries that were left unanswered.
Compared to other brokers, CommerceWealth offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at CommerceWealth
CommerceWealth does not offer LiveChat Support.
Email Support at CommerceWealth
We tested the email support of CommerceWealth by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any CommerceWealth response.
The CommerceWealth team did resolve and answer our queries, but the email support from CommerceWealth was overall average compared to other brokers we have tested.
Phone Support at CommerceWealth
We contacted CommerceWealth via phone and received quick assistance within 10 minutes of our call.
The CommerceWealth phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by CommerceWealth and found that they could assist us in various languages.
While we found the CommerceWealth phone support satisfactory, there is room for improvement in response time.
See how CommerceWealth Support Compares Against Other Brokers
Broker | commercewealth | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
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Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit CommerceWealth | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with CommerceWealth
As CommerceWealth is regulated by Unregulated.
As a new client of CommerceWealth, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with CommerceWealth in your region. During the CommerceWealth account opening process, you will be asked to provide CommerceWealth with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with CommerceWealth have the following documents available.
- CommerceWealth require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for CommerceWealth compliance. This must be dated within the last six months.
- If you plan to fund your CommerceWealth account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the CommerceWealth platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under CommerceWealth Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring CommerceWealth's platform.
However, remember that you won't be able to make trades on CommerceWealth until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the CommerceWealth KYC compliance process as soon as possible to avoid any delays in accessing the CommerceWealth platform's features.
It is important to note that CommerceWealth may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the CommerceWealth platform and features immediately. However, you must pass the verification process to start live trading with CommerceWealth, which can take up to a few business days.
To start the process of opening an account with CommerceWealth you can visit the CommerceWealth trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://commercewealth.com/ on April 21, 2024.
Is CommerceWealth A Good Broker?
We have spent over 5 years examining CommerceWealth in depth. Although we found some very useful aspects of the CommerceWealth platform that would be useful to some traders. We feel that a alternative to CommerceWealth may better suit you.
- CommerceWealth have a good track record of offering Forex trading, Commodities Trading, CFD trading, Cryptocurrency trading.
- CommerceWealth has a history of over 24 years.
- CommerceWealth has a reasonable sized customer support of at least 10.
- CommerceWealth are regulated by the Unregulated. CommerceWealth is subject to strict regulatory oversight from its respective jurisdiction, which holds CommerceWealth (the broker) accountable for misconduct. This regulatory framework helps ensure that CommerceWealth operates fairly and transparently and provides CommerceWealth customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and CommerceWealth.
- CommerceWealth have regulation from reputable regulators.
- One of the advantages of using CommerceWealth is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from CommerceWealth are particularly important as CommerceWealth traders want to receive their money quickly. With the efficient CommerceWealth payment processing system, traders can enjoy faster access to their CommerceWealth funds.
- CommerceWealth have an international presence in multiple countries. Including local CommerceWealth seminars and training.
- CommerceWealth can hire people from various locations in the world who can better communicate in your local language.
CommerceWealth Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
CommerceWealth not quite right?
If after reading this CommerceWealth review, CommerceWealth does not fulfill your needs check out these CommerceWealth Alternatives.
Click here to view the best CommerceWealth Alternatives
We have spent years researching the best alternatives to CommerceWealth. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective CommerceWealth alternatives available today. If you are unsatisfied with CommerceWealth or want to explore other options, we recommend checking out our carefully curated list of highly-rated CommerceWealth alternatives. Follow the links below to learn more about these CommerceWealth broker alternatives and choose the one that best suits your trading needs.
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Related CommerceWealth Vs Comparisons
Throughout our comprehensive CommerceWealth review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing CommerceWealth against other popular brokers in the industry, check out our CommerceWealth Vs pages. Our team has compiled a series of detailed CommerceWealth comparison articles, pitting the CommerceWealth platform against some of the best-rated CommerceWealth competitors in the market. Dive into our informative CommerceWealth Vs pages below to find out how CommerceWealth stacks up against other leading brokers.
- CommerceWealth vs ICMarkets
- CommerceWealth vs Roboforex
- CommerceWealth vs eToro
- CommerceWealth vs XTB
- CommerceWealth vs XM
- CommerceWealth vs Pepperstone
- CommerceWealth vs AvaTrade
- CommerceWealth vs FPMarkets
- CommerceWealth vs NordFX
- CommerceWealth vs easyMarkets
- CommerceWealth vs SpreadEx
- CommerceWealth vs FxPro
- CommerceWealth vs Plus500
- CommerceWealth vs AdmiralMarkets
- CommerceWealth vs ThinkMarkets
- CommerceWealth vs FXPrimus
- CommerceWealth vs Trading212
- CommerceWealth vs ForexMart
- CommerceWealth vs Eightcap
- CommerceWealth vs ForTrade
- CommerceWealth vs InteractiveBrokers
- CommerceWealth vs Forex.com
- CommerceWealth vs IG
- CommerceWealth vs Robinhood
- CommerceWealth vs Coinbase
- CommerceWealth vs Binance
- CommerceWealth vs ETXCapital
- CommerceWealth vs CoreSpreads
CommerceWealth review
COMMERCEWEALTH Frequently Asked Questions
Read our detailed CommerceWealth FAQ Section updated for 2024.
Can I try CommerceWealth?
CommerceWealth do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do CommerceWealth accept?
Please note that the list of payment methods below depends on the CommerceWealth Entity and the client's Country of Residence.
CommerceWealth offer the following funding payment methods Bank Wire transfer, Debit cards, Visa, MasterCard, among other payment methods.
Learn more here
Is CommerceWealth safe?
CommerceWealth have over 2,000 users. While CommerceWealth may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to CommerceWealth accounts by traders are held in a segregated bank account. For added security,CommerceWealth use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with CommerceWealth is risky, and because the market is so volatile, losses could happen at any time. Do not invest with CommerceWealth unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is CommerceWealth trading good?
CommerceWealth is considered good and reputable to trade with CommerceWealth. CommerceWealth is used by over 2,000 traders and CommerceWealth users. CommerceWealth offers Forex trading, Commodities trading, CFD trading, and Cryptocurrency trading. Minimum deposit with CommerceWealth is 10.
Is CommerceWealth trading Legit?
CommerceWealth was founded in St. Vincent and the Grenadines in 2000. CommerceWealth has been facilitating trade on the financial markets for over 24 years. CommerceWealth offers clients Forex trading, Commodities trading, CFD trading, and Cryptocurrency trading. All funds deposited to CommerceWealth are held in segregated bank accounts for security. CommerceWealth is not regulated. Although this doesn't mean CommerceWealth are awful, we recommend trading with regulated brokers.
Is CommerceWealth a good broker?
CommerceWealth allows Forex trading, Commodities trading, CFD trading, and Cryptocurrency trading. CommerceWealth is overseen by the top tier financial regulators Unregulated so can be considered a good broker.
Is CommerceWealth trustworthy broker?
Despite any potential benefits associated with CommerceWealth, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like CommerceWealth, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.
What is the minimum deposit for CommerceWealth?
The minimum deposit to trade with CommerceWealth is 10.
How long do CommerceWealth withdrawals take?
Withdrawing money from CommerceWealth processing time varies depending on the method but averages 1-5 days.
Is CommerceWealth regulated?
CommerceWealth is not regulated by a top tier financial regulator.
Is CommerceWealth a market maker?
CommerceWealth is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by CommerceWealth even if no buyer or seller is lined up.
How can I start trading with CommerceWealth?
When opening a trading account with CommerceWealth, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on CommerceWealth trading platforms, you can follow the link provided below: Learn more about signing up with the CommerceWealth trading platform here. This will provide useful information and insights into the various trading platforms offered by CommerceWealth, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with CommerceWealth?
Yes your money is safe with CommerceWealth.
Overall, strict financial regulation is essential for ensuring that trading platforms like CommerceWealth operate fairly, transparently, and responsibly, which ultimately benefits all CommerceWealth stakeholders involved.
Trading platforms like CommerceWealth must have strict financial regulation for several reasons:
- Protecting CommerceWealth Investors: Strict financial regulation ensures that investors who use the CommerceWealth trading platform are protected against fraudulent or unethical behavior by the CommerceWealth platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the CommerceWealth platform.
- Maintaining CommerceWealth Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the CommerceWealth trading platform. Regulatory procedures reduce the likelihood of the CommerceWealth platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing CommerceWealth Transparency: Regulations require trading platforms like CommerceWealth to maintain detailed records and disclose CommerceWealth client information. Financial regulatory requirements enhances transparency and helps to build trust between the CommerceWealth platform and its investors.
CommerceWealth is regulated by the Unregulated. When selecting a broker such as CommerceWealth, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, CommerceWealth ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like CommerceWealth.
Is CommerceWealth a con?
While we would not say that CommerceWealth is a con. Because a top tier financial regulator does not regulate them, we would not trade with them.
Can you make money with CommerceWealth?
Although traders have had great success with CommerceWealth, trading on the financial markets with CommerceWealth is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does CommerceWealth have fees?
CommerceWealth withdrawal fees vary on payment method.CommerceWealth doesn't charge inactivity fees. CommerceWealth doesn't charge deposit fees.
When was CommerceWealth founded?
CommerceWealth was founded in 2000.
How many people use CommerceWealth?
CommerceWealth is used by over 2,000 registered CommerceWealth users.
What is CommerceWealth Headquarters country?
CommerceWealth has its head quarters office in St. Vincent and the Grenadines .
Does CommerceWealth offer negative balance protection?
CommerceWealth does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does CommerceWealth offer guaranteed stop loss?
CommerceWealth does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does CommerceWealth allow scalping?
CommerceWealth offers scalping.
Does CommerceWealth allow hedging?
CommerceWealth does not offer hedging.
Does CommerceWealth offer CFD trading?
CommerceWealth offers CFD trading.
Does CommerceWealth offer STP?
CommerceWealth offers STP trading.
How many people use CommerceWealth?
CommerceWealth is used by over 2000 CommerceWealth users and traders.
Is CommerceWealth an ECN broker?
CommerceWealth does not offer ECN trading.
Does CommerceWealth offer a demo account?
CommerceWealth does not offer demo account.
Does CommerceWealth offer an Islamic account?
CommerceWealth offers an Islamic account.
What are the funding methods for CommerceWealth?
Please note that funding methods and options available with CommerceWealth can be found in the CommerceWealth Members area and depend on the CommerceWealth client’s country of residence. Please check your specific available payment methods on the CommerceWealth website. CommerceWealth accept the following funding methods : Bank Wire transfer, Debit cards, Visa, MasterCard.