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MASS

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Operating status: SCAM

Website: https://www.massusa.com/

Broker violations and abnormal records
  • 2022-05-09 BrokersView has reviewed that MASS is an unregulated forex broker

    MASS claims to be owned and operated by MASS Global Limited, a regulated broker in the US by two financial authorities, including FinCEN under MSB license number 31000199637770, and NFA under NFA ID 0547320. However, despite its claims, this broker doesn't fall under valid regulation for the following reasons. 

    1) FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities.

    2) We indeed found a result matching this broker in NFA's registry, however, MASS is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, MASS doesn't satisfy these conditions. 

    All evidence clearly states that this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.

    MASS claims to be owned and operated by MASS Global Limited, a regulated broker in the US by two financial authorities, including FinCEN under MSB license number 31000199637770, and NFA under NFA ID 0547320. However, despite its claims, this broker doesn't fall under valid regulation for the following reasons. 1) FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities.2) We indeed found a result matching this broker in NFA's registry, however, MASS is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, MASS doesn't satisfy these conditions. All evidence clearly states that this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
  • 2022-11-17 BrokersView has found that MASS is not working

    BrokersView found the domain "https://www.massusa.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.massusa.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is Live Chat 24/7 available for customer ?

Kamal Hossain
Vietnam
2022-06-22
ANSWER MASS is not a licensed or regulated broker even though it states offers that look good to be true. MASS claims to be owned and operated by MASS Global Limited, a US broker regulated by FinCEN under a MSB license number: 31000199637770 and the US National Futures Association (NFA) under NFA ID: 0547320.However, please be informed that FinCEN does not regulate forex markets nor does it issue licenses for brokers engaging in such activities. What's more, when we searched in NFA, we indeed found a result matching this broker in NFA's registry, however, MASS is not under valid regulation by NFA as it is not an approved member of the regulator. The truth is, MASS is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like MASS and trade with licensed brokers.
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