Rich Mass Spreads, leverage, minimum deposit Revealed

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

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

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.

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.

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.