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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Rich Mass

Hong Kong Hong Kong | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.richmasshk.com

Website
Open Account Time Machine

Rating Index

Contact

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

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

Warning: Low score, please stay away!
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Hong Kong Hong Kong
Operating Period
5-10 years
Company Name
Rich Mass (HK) Limited
Customer Service Email Address
support@richmasshk.com
Company Website
http://www.richmasshk.com
Website
Genealogy
Relevant Enterprises
Company Summary
Comment

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Website

  • richmasshk.com
    104.27.152.149
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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Relevant Enterprises

Rich Mass (HK) Limited(Hong Kong)
Hong Kong
Rich Mass (HK) Limited(Hong Kong)
Active
Hong Kong
Registration No. 1991149
Established
Related sources Website Announcement

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 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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

User Reviews 3

All (3) Exposure (3)
FX3488308362
FX3488308362
1-2 years
Exposure
Severe Slippage Leads to Massive Account Loss
I placed a buy order for silver at 28.924, but due to severe slippage, it executed at 29.272, causing my position to be immediately liquidated and resulting in massive losses in my account!!! Now my account is negative by over $30,000! The transaction fees on this platform are more than three times higher than those of standard large platforms! Additionally, the slippage was so severe, and the platform has not addressed the issue.
Exposure
Exposure

Hong Kong
午夜
午夜
6-10 years
Exposure
Rich Mass has no access to withdraw
The injured party added the WeChat of a a girl and soon got into to a relationship with her. The girl will induce the injured party to invest. When the girl helped you invest, you can make some money. But when you invest by yourself, there is no profit. The girl encouraged that the bet can be multiplied by 3 or 9 at this time. The girl told the injured party that he should invest ￥40,000 at least and can earn ￥4,000 per day. The girl was angry when the injured party didn’t invest enough money. The injured party was unable to withdraw since the girl was angry.
Exposure

Hong Kong
dger
dger
6-10 years
Exposure
Exposure on losses on Rich Mass
In September, I was pulled into a group, in which the teacher was professional and the stock recommended was also profitable. He also set up a livestreaming room to teach stock. After half month later, saying that the stock market was volatile, he advised us to trade in Rich Mass with him. I trusted him and opened an account. In the first 3 days, I earned about 4000 RMB or so. Then the teacher told us to add fund because there would be a cocking market. But on the next day, with his recommendation, I lost 100000 RMB. The teacher apologized and asked me to add 200000 RMB to recover the losses. I was not submit to this and added. As a result, all fund was gone.
Exposure

Hong Kong
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