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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