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Rich Mass

Hong Kong|5-10 years|
High potential risk|

http://www.richmasshk.com

Website

Rating Index

Contact

support@richmasshk.com
http://www.richmasshk.com

Licenses

No valid regulatory information, please be aware of the risk!

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Broker Information

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Company Name

Rich Mass (HK) Limited

Abbreviation

Rich Mass

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Rich Mass · WikiFX Survey

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Rich Mass · Company Summary

Note: Rich Mass's official website: http://www.richmasshk.com/ is currently inaccessible normally.

Rich Mass Review Summary
Found2014
Registered Country/RegionHong Kong
RegulationNo regulation
Market InstrumentsEquities, Fixed Income, Derivatives
LeverageUp to 1:5
Spread0.10% - 0.25% for most stocks and ETFs
Account TypeChecking Account, Investment Account, Business Account, IRA Account
Trading PlatformRich Mass Pro, Rich Mass Basic, Rich Mass Mobile
Min Deposit$100
Payment MethodsWire Transfer, ACH Transfer, Check
Customer SupportEmail: support@richmasshk.com

Rich Mass Information

Rich Mass, founded in 2014, is a brokerage registered in Hong Kong. The trading instruments it provides cover Equities, Fixed Income, Derivatives. It provides 4 accounts and Rich Mass platform. But it is currently unregulated and lacks security.

Pros and Cons

Pros Cons
Commission-Free TradingNo Regulation
Multiple Account TypesNo MT4 platform
Variety of Retirement Planning Options

Is Rich Mass Legit?

It is clear that Rich Mass, which was registered in 2014 and is currently unregulated, is insecure.

Is Rich Mass Legit?
Is Rich Mass Legit?

What Can I Trade on Rich Mass?

Rich Mass offers traders the opportunity to trade over Equities, Fixed Income, Derivatives.

Tradable Instruments Supported
Equities
Fixed Income
Derivatives
Metals
Stocks
Cryptocurrencies
Futures
Options

Account Types

Rich Massoffers 4 different types of accounts to traders - Checking Account, Investment Account, Business Account, IRA Account.

Checking Account holders can get a modest 0.01% APY interest rate, but need pay $2.50 fee for each ATM transaction.

Investment Account and Business Account charge no commissions, but the former's minimum deposit is $1000 and the later's minimum deposit is $500.

IRA Account offers retirement planning options for traders.

Leverage

Rich Mass offers the maximum trading leverage of up to 1:5, which is low. But low leverage means low risks.

Rich Mass Fees

Rich Mass offers spreads of 0.10% to 0.25% for most stocks and ETFs and charge a commission of $4.95 per trade for stocks and ETFs.

Trading Platform

Rich Mass's trading platform is MT4, which supports traders on PC and Mobile.

Trading PlatformSupported Available Devices
Rich Mass platformWeb, Mobile
MT4

Deposit & Withdrawal

Rich Mass offers 3 deposit and withdrawal methods: wire transfer, ACH transfer, and check deposit/withdrawal. Check deposits and withdrawal need $2.50. Wire transfers or ACH transfers charge no fee. Rich Mass's minimum deposit is $100.

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