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No Regulation
Score
1.52 /10
Danger
Rich Mass
Add brokers
Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.07
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
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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
Exposure
3 pieces of exposure in total Pyramid scheme complaint
ExposeNote: Rich Mass's official website: http://www.richmasshk.com/ is currently inaccessible normally.
| Rich Mass Review Summary | |
| Found | 2014 |
| Registered Country/Region | Hong Kong |
| Regulation | No regulation |
| Market Instruments | Equities, Fixed Income, Derivatives |
| Leverage | Up to 1:5 |
| Spread | 0.10% - 0.25% for most stocks and ETFs |
| Account Type | Checking Account, Investment Account, Business Account, IRA Account |
| Trading Platform | Rich Mass Pro, Rich Mass Basic, Rich Mass Mobile |
| Min Deposit | $100 |
| Payment Methods | Wire Transfer, ACH Transfer, Check |
| Customer Support | Email: 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 Trading | No Regulation |
| Multiple Account Types | No 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.
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 Platform | Supported | Available Devices |
| Rich Mass platform | ✔ | Web, 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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