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CommEX Review 2025

CommEX Review 2025

Updated:
Updated: January 06, 2025

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of CommEX Crypto Exchange

CommEX is a scam exchange registered in the Seychelles, built on a business acquired from Binance. While the CommEX domain has been around for a while, it remains entirely anonymous. Moreover, the interface and functionality of CommEX closely resemble those of Binance.
In April 2017, the Cyprus Securities and Exchange Commission (CySEC) revoked CommEX’s license and imposed fines totaling EUR 400,000. Additionally, sanctions were applied against Abdel Rahman Alimari and others associated with CommEX.
Clients are unable to contact the exchange by phone or email, making it difficult to resolve issues with withdrawing funds. The fees vary based on the client’s status, which creates conditions for unfair practices and undermines investor rights.
The exchange does not provide registration documents or other legal information, which raises distrust among potential clients and investors.
Furthermore, CommEX was previously known as the scam broker Prime4x. As a result, CommEX has been blacklisted in 2024.

User Satisfaction i

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raokhan
44 weeks ago

I started using CommEX because of their supposedly innovative platform. At first, everything seemed to be going well, but soon problems began. Orders were executed with huge delays or disappeared altogether. Attempts to contact support turned into endless bureaucracy, and I had to wait days for a response. Of course, I tried to withdraw my money - but these scammers kept coming up with excuses: the documents were wrong, the verification failed, or some other made-up problem. After spending several months in vain trying to get my money back, I ended up with nothing. This is some kind of amateur circus where they just lead clients around by the nose. Avoid at all costs if you don’t want to lose your money and sanity.

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gm_mithun
45 weeks ago

WARNING: Confessions of a former CommEX employee!
We were trained to use every tactic possible to delay client withdrawals. The so-called "analytics" were fabricated at random. Successful traders were blocked on any pretext. The platform was deliberately buggy during periods of high market volatility. A majority of the so-called "clients" were fictitious accounts designed to create a false sense of activity. My conscience couldn't handle the deception any longer, so I quit. Now, I'm warning everyone: CommEX is a fraudulent operation. Avoid it at all costs. I'm prepared to provide evidence to the authorities.

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EdelweissNadine
47 weeks ago

CommEX's promises of easy riches in the crypto market were too good to be true. Their so-called "experts" convinced me I could predict Bitcoin's every move using secret trading patterns. As a novice investor, I fell for their lies and handed over a significant portion of my savings.
At first, they dazzled me with charts and jargon like "Fibonacci levels" and "Elliott waves," making me feel like an insider in a lucrative trading club. But soon, the reality set in. My balance dwindled with each passing day, and their only advice was to "buy more on the dip." When I finally decided to cash out, they stalled me with endless excuses. In the end, I lost everything and was left drowning in debt.

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baller38
1 year ago

I traded with CommEX for about a year, mostly trading oil futures, but I also tried crypto. The platform was plagued with technical issues from the start, with quotes often freezing at the most inopportune moments. Oddly, these issues always occurred when the market was in my favor. The platform's unreliability cost me dearly as I was unable to close my positions when the market was in my favor. The support team was unresponsive and offered little more than excuses when I reported the issues.
When I started winning more frequently, they accused me of insider trading and blocked my account. I never got my money out.

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zire2012
1 year ago

I joined CommEX because their "innovative" social trading system caught my attention. The idea of learning from successful traders seemed promising, but the reality was far different. Most of the top traders on the platform were fake accounts, and their trades didn’t align with real market conditions. When I tried to contact one of these so-called "gurus," I discovered it was just a bot. My trading didn’t go well either. The platform was full of glitches, and the spreads were huge. Despite repeated complaints, the support team remained unresponsive. In the end, I lost a significant portion of my deposit and was lucky to withdraw anything at all.

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din0486
1 year ago

As a programmer, I decided to give algo trading a shot on the CommEX platform. At first, it seemed promising, but it ended up being a disaster. The documentation was lacking, and the endpoints were unreliable. My trading bot even made unauthorized trades a few times because of their system errors. When I reached out to support, they just said they "don’t take responsibility for third-party software." Backtesting was another major obstacle. The historical data provided was inaccurate and often inconsistent, making it impossible to develop a reliable trading strategy. The CommEX platform's shortcomings ultimately made it clear that building a successful algorithmic trading system was not feasible in such an unreliable environment.

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ivolanda
1 year ago

I decided to try cryptocurrency trading on CommEX. The platform seemed user-friendly, and the payouts looked attractive. But soon, I started noticing odd things. Just before expiration, the asset's price would often shift sharply against me. When I did win, the payout was often less than expected due to hidden fees. Using their signals quickly drained my account. Support responded with generic phrases and ignored my specific questions. When I tried to withdraw the remaining funds, they put me through endless checks. Another scam, and it's a shame I wasted my money...

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

FAQs

Why has CommEX been blacklisted?

Possible reasons:
• CommEX has stopped fulfilling its obligations or is doing so incorrectly or with delays. There are numerous well-founded complaints from users.
• The website is no longer functioning or supported by the developers.
• The platform has been blacklisted by regulators, with warnings indicating a likelihood of failing to meet obligations to users.
Other reasons are possible, but being blacklisted is a signal that the platform is experiencing problems.

I work with CommEX and saw it blacklisted. What should I do?

Possible options:
• If you're not a client of CommEX, it’s best to avoid working with them. If the platform is blacklisted, it may have structural or critical issues. It’s better to look at platforms from the TOP-10 ratings.
• If you are a client, don’t panic. First, check with Traders Union's technical support to understand the reasons for the blacklist. If the problems are serious, gradually withdraw your funds. If there are issues with withdrawal, try to resolve them amicably or contact regulators.

Does being blacklisted mean CommEX is a scam?

Not necessarily, although there is a chance of this. It could also mean the platform is facing financial, technical, or corporate issues, making it temporarily less capable of fulfilling its obligations. It might be removed from the blacklist in the future, but it could also become a scam. In any case, a blacklisting is a high-risk signal for users.

How can I withdraw funds if CommEX has been blacklisted?

Possible options:
• If CommEX allows withdrawals (even if delayed or in parts), be patient and withdraw your money.
• If the platform refuses withdrawals under various pretexts, document all communication with customer support. Send screenshots with a detailed description of the situation and transaction confirmations to regional regulators and local law enforcement. In some cases, you might be able to initiate a chargeback procedure through your bank.

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