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Commerzwelt

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Operating status: SCAM

Website: https://commerzwelt.com/

Broker violations and abnormal records
  • 2023-07-12 The German BaFin issued a warning against Commerzwelt

    On July 13, 2023, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Commerzwelt, stating that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_10_commerzwelt_en.html

    On July 13, 2023, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Commerzwelt, stating that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_10_commerzwelt_en.html
  • 2023-07-13 BrokersView has reviewed that Commerzwelt is an unregulated broker

    Commerzwelt claims to be certified by Crypto Conduct Authority. However, this institution is not a financial regulator and has no authority to issue such licenses.

    Additionally, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Commerzwelt, stating that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation.

    In essence, Commerzwelt is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Commerzwelt claims to be certified by Crypto Conduct Authority. However, this institution is not a financial regulator and has no authority to issue such licenses.Additionally, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Commerzwelt, stating that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation.In essence, Commerzwelt is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

What's the minimum deposit on this platform?

Kyle Hunter
Togo
2023-08-03
ANSWER If you are planning to start your trading life with Commerzwelt, we strongly suggest you steer clear of this fraudulent platform. It is not licensed to provide financial services/products and has been warned by a recognized financial watchdog.Commerzwelt claims to be certified by Crypto Conduct Authority. However, this institution is not a financial regulator and has no authority to issue such licenses.Additionally, the German Federal Financial Supervisory Authority (BaFin) issued a warning against Commerzwelt, stating that the company is providing financial and investment services on its website commerzwelt.com without the required authorisation.In conclusion, investors using Commerzwelt are exposed significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, investors are advised against trading with unlicensed brokers like Commerzwelt and instead to opt for a fully regulated one.
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