Updated: 05/23/2024

CommerceWealth

CommerceWealth Review

4 / 5
512 ratings
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.22 Apr 2023
author avatar image Chad Smith

Table of Contents

Overview

CommerceWealth Main Features
Feature Title Feature Value
🗺️ Year Founded 2020
🏢 Headquarters St. Vincent and the Grenadines
⚖️ Tier-3 Licenses Yes
Minimum Initial Deposit $500
Demo Trading Yes
Leverage (EU Clients) 1 : 500
Leverage(Non-EU-Clients) 1 : 500
Average Spread EURUSD 1.6 pips
💰 Withdrawal fee No
Withdrawal Time Same day
💰 Inactivity Fee No

CommerceWealth is an online forex and CFD broker founded in 2021 and based in St. Vincent and the Grenadines. The broker aims to empower traders by providing them with a wide range of opportunities in the global market. With over 1,200+ tradable assets in CFDs, including forex, commodities, metals, shares, and cryptocurrencies, CommerceWealth offers a diverse portfolio for traders.

What Did We Like about the Broker

CommerceWealth stands out in the market due to several positive aspects:

  • Great proprietary trading platform: CommerceWealth offers a user-friendly and feature-rich platform designed to cater to traders’ needs.
  • Broad product portfolio: With over 500+ CFDs available, including various asset classes, CommerceWealth provides ample opportunities for diversification.
  • Leverage up to 1:400: The high leverage offered by CommerceWealth allows traders to potentially amplify their positions and maximize their trading potential.
  • Fast NDD order execution: CommerceWealth ensures speedy order execution, minimizing slippage and providing traders with efficient trade execution.

Account Types & Pricing

CommerceWealth offers six different trading accounts, each with its own set of features and benefits:

Starter Account

  • Min. Deposit $1,000
  • 0.01 Min. Lot Size
  • CWTrader
  • Islamic Account
  • Mobile Trading
  • 24h Dedicated Support
  • Account Manager

Classic Account

  • Min. Deposit $2,500
  • 0.01 Min. Lot Size
  • CWTrader
  • Islamic Account
  • Mobile Trading
  • 24h Dedicated Support
  • Dedicated Account Manager

Intermediate Account

  • Min. Deposit $5,000
  • 0.01 Min. Lot Size
  • CWTrader
  • Islamic Account
  • Mobile Trading
  • Technical Indicators
  • Economic News

Advanced Account

  • Min. Deposit $10,000
  • 0.01 Min. Lot Size
  • CWTrader
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

Ultimate Account

  • Min. Deposit $50,000
  • 0.01 Min. Lot Size
  • EU Private Bank Account
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

VIP Account (for high-end investors)

  • Min. Deposit $100,000
  • Personal Banker
  • EU Private Bank Account
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

Trading Platforms

CommerceWealth has developed its own proprietary web-based platform called CWTrader. This platform offers advanced technical tools, automated trading systems, and copy trading capabilities. It is accessible via web browsers and supports mobile trading. With a wide range of indicators, market orders, and asset classes, CWTrader provides professional traders with the necessary tools to succeed in the markets.

Customer Support & Education

CommerceWealth offers multiple means of communication for customer support, including live chat, email support, and phone support. Traders can expect prompt and responsive assistance from a highly trained support team.

The broker also prioritizes client education and provides access to an education center and resources for clients who meet the minimum deposit requirement. These resources equip traders with new techniques, strategies, and training materials to enhance their trading knowledge and skills.

CommerceWealth vs. Competitors

When comparing CommerceWealth to its competitors, several factors make it a competitive choice for traders:

  • Diverse product portfolio: CommerceWealth offers over 1,200+ tradable assets, covering various asset classes, ensuring there is something for every trader.
  • Proprietary trading platform: Instead of relying on popular platforms like MetaTrader, CommerceWealth has invested in developing its own platform, offering unique features and functionalities.
  • High leverage: With a leverage of up to 1:400, CommerceWealth provides traders with the potential to maximize their trading positions and potentially increase profits.
  • Comprehensive customer support: CommerceWealth offers multiple means of communication for customer support, ensuring traders’ needs are met promptly and efficiently.
  • Emphasis on education: CommerceWealth places significant importance on client education, providing access to comprehensive training materials and resources to enhance traders’ knowledge and skills.

Conclusion

In conclusion, CommerceWealth is a legitimate online forex and CFD broker that offers a compelling trading experience. With its diverse range of account types, proprietary trading platform, extensive asset offerings, and emphasis on customer support and education, CommerceWealth caters to traders of various experience levels. While traders should consider the trading fees and minimum deposit requirements, CommerceWealth’s overall package of features and benefits positions it as a reputable choice in the market.

FAQs

Is CommerceWealth regulated?

CommerceWealth is regulated by the SVGFSA (St. Vincent and the Grenadines Financial Services Authority). While it doesn’t hold licenses from top-tier regulators, the broker adheres to standard AML and KYC policies and maintains safety measures.

What is the minimum deposit required to open an account with CommerceWealth?

The minimum deposit required is $1,000 or equivalent. However, higher deposit amounts are necessary to access better service and lower spreads.

What payment methods does CommerceWealth offer?

CommerceWealth provides various payment methods, including credit/debit cards, bank transfers, and e-wallets, to fund trading accounts.

Sources & External Links

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

CommerceWealth

4 / 5
512 ratings
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