Mass Global: reviews in 2022
Reliable Brokerage Service from Mass Global
The company Mass Global is a reliable and honest intermediary, offering a comfortable brokerage service. Its trading platform is considered advanced, and trade execution occurs without slippage. The company has millions of clients worldwide, including more than 100 countries. However, recent reviews about the broker have started to surface not so long ago, and unfortunately, they are not particularly favorable. From a detailed review, you can learn what to expect from this broker and how legitimate their operations are.
Mass Global: A Look at the Website
Mass Global has decided not to invest in creating a high-quality website. Specialized services rate it poorly. Not surprisingly, as the site stands out with a poor design, lack of informational content, and a low-quality Russian translation riddled with errors.
According to the information on the official site, Mass Global has been offering its services since 2000 and enjoys immense popularity. However, further investigation revealed that the domain was registered back in April 2000.
Although the initial data match the claims about the creators of the brokerage firm, an interesting story about the domain massausa.com was uncovered. From 2016 to February 2022, the domain was put up for sale. Recently, it has been rented out and is actively promoted to attract newcomers.
Analysis of Legal Nuances
The website states that the broker is operated by the company Mass Global Limited with offices in different countries. There is a link to the MSB license from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. However, it is worth noting that an MSB license only grants the right to conduct simple financial operations unrelated to brokerage activities. By the way, on the official website of the Bureau, there is no information regarding Mass Global. Obviously, the claim of holding a license is a manipulation.
Furthermore, this company operates illegally in Russia and does not have a license from the Central Bank. This poses a high risk for investors, as the regulatory body will not be able to assist in case of financial difficulties.
Trading Conditions on Mass Global
The Mass Global platform does not disclose contract details, opting for an individual approach to each client. Nevertheless, some facts have been uncovered:
- a demo account with $100,000 is available to attract newcomers,
- the entry threshold is not specified,
- minimal spreads are promised,
- no commissions for deposit/withdrawal of funds,
- high leverage up to 500x is available,
- there is no user agreement and bonus conditions,
- joining the affiliate program is offered with the potential to earn up to $500 for referrals.
Many investors have reported a negative experience in dealing with Mass Global. They highlight the company’s failure to meet obligations and manipulation on the platform.
Reviews on Mass Global
Real clients’ reviews of Mass Global are extremely negative. Investors complain about the company’s dishonest practices and manipulation of trading processes.
Manipulation Methods at Mass Global
Mass Global employs trickery to convince clients of its honesty. Newcomers are offered to try trading on a demo account with seemingly successful deals. However, upon transitioning to real investments, difficulties arise with fund withdrawals and bonus fulfillment, making profit withdrawal practically impossible.
Clients who do not agree to such terms have their contractual relations unilaterally terminated. The company accuses the client of violations and blocks their account.
Conclusion
The conclusion about Mass Global remains negative. Investing with swindlers who cover up their machinations with legal subtleties is extremely risky. By cooperating with them, you risk losing your money and finding yourself in an unpleasant situation. Former clients also share a similar opinion. Want to share your experience working with Mass Global? Feel free to leave your reviews below.