Brief Look at CommEX
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.
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.
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