Worked example
Practising on CommexFX's numbers
This is an exercise sheet, not a review. We are going to take three things that CommexFX publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
CommexFX does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. CommexFX offers 0 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are CommexFX's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CySEC · Cyprus | CommexFX Ltd | 153/11 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme — no longer active |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here.
The record behind these numbers
- CySEC's register of former investment firms lists CommexFx Ltd (company registration 244012, licence 153/11 issued 18/10/2011) with the licence marked '(Withdrawn)'.
- CySEC's board decided on 25 July 2016 to wholly withdraw CommexFx Ltd's CIF authorisation; the decision was announced on 6 April 2017.
- The MFSA republished CySEC's withdrawal notice, stating the company was no longer authorised to provide investment services and had three months to settle obligations and resolve client complaints.
- Finance Magnates reported a further €100,000 CySEC fine against CommexFX in February 2016, while the broker's own site displayed a 'temporarily suspended' notice.
- The commexfx.com domain served a GoDaddy 'get this domain' parking page when checked on 2026-09-02.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: founded year not verified; minDeposit, maxLeverage, spreadEurusd, platforms, accountTypes and instruments not verifiable — the brand's domain is parked and no current legal pages exist; segregatedFunds and negativeBalanceProtection not verifiable; no evidence of any current licence found; any directory claim that CySEC 153/11 is current is contradicted by the register. Confidence in this file overall: low. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.