Score

1.53 /10
Danger

OWNx

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

C

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Score

Regulatory Index0.00

Business Index7.16

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Mass Metal,LLC

Company Abbreviation

OWNx

Platform registered country and region

United States

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • 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

OWNx · Company summary

General Information

OWNx, owned by Mass Metal, LLC, is a metal investment corporation with a focus on providing a smart and simple way to automatically save in silver and gold, which is committed to conveniently accumulating precious metals, securely storing the metal with a reasonable storage fee, and facilitating the delivery of the metal directly to the clients, in addition, the corporation was registered in the United States with the office location at OWNx 706 Massachusetts St. Lawrence, KS 66044.

Services

OWNx provides clients with an array of services including Buying Precious Metals, Storing Precious Metals as well as Selling Precious Metals, and Taking Delivery of clients Metal.

Accounts

OWNx offers clients 3 types of accounts including Automatic Account, Now Account, and IRA Account, however, there is no detailed account info on the official website.

Commissions

Concerning the fees, there is a small monthly storage fee of 0.05% of the value of the metal holdings.

Trading Platform

OWNx is non MT4/MT5 provider, the information and details we gathered are that this broker provides traders or investors with a web-based trading platform where clients could carry on the transaction.

Trading Hours

Clients have access to their own Dashboard during the whole day no matter it is on weekdays or weekends.

Customer Support

The support team is always at clients assistance with the best possible solutions to the queries. If so desired, please call at 8007013546 or e-mail at service@ownx.com within a reasonable time.

Risk Warning

A high level of risk is involved in investment products. Establishing your Investment targets understanding of risk and trading experience is key to maintaining a good trading experience. Losing more than your initial investment is highly possible, so do not invest money you cannot afford to lose. We do not, and will not, take into account your personal circumstances, nor provide any recommendation for you to make any decisions.

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FX1252690110
more than one year
I was able to open my account in just a few minutes. Verification didn't take time and bit complicated. So far the trading conditions have been okay. I have not noticed any setbacks in the process.
I was able to open my account in just a few minutes. Verification didn't take time and bit complicated. So far the trading conditions have been okay. I have not noticed any setbacks in the process.
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2023-02-22 12:26
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