Rating Index
Pros
Claims to offer a range of services, including forex trading and investment opportunities.
Website provides information about their operations and contact details, which can be useful for potential clients.
May appeal to traders looking for non-traditional or less regulated trading environments.
Cons
Unregulated status raises significant concerns about the safety and security of client funds.
Website is reported to be non-functional, indicating potential operational issues or a lack of transparency.
Claims of regulation by authorities that do not oversee forex trading, suggesting misleading information about their legitimacy.
MASS broker Accounts
MassBroker Account Types
MassBroker offers a variety of brokerage account types to cater to different investor needs. The primary account types include:
Standard Brokerage Account: A flexible account that allows you to deposit money and buy/sell investments without contribution limits. It provides penalty-free withdrawals and is suitable for general investing.
Joint Brokerage Account: Shared by two or more individuals, typically spouses or family members. This account simplifies investment management and estate planning. There are three types of joint accounts:
- Joint Tenants with Rights of Survivorship: Both owners have equal rights; if one dies, the survivor inherits the account.
- Tenants in Common: No right of survivorship; the deceased's share goes to their estate.
- Community Property: Owned by a married couple, with assets split 50/50, applicable in certain states.
Margin Account: Allows you to borrow money against your securities to invest more than your cash balance. This account involves higher risk due to margin calls.
Cash Account: Requires you to deposit cash before trading; no borrowing is allowed.
Select Account Type: Determine which type of account suits your investment goals (e.g., standard, joint, margin, or cash).
Complete the Application: Fill out the online application form, providing necessary personal information, including:
- Social Security Number
- Address
- Employment Information
- Financial Data (annual income, net worth)
- Fund Your Account: After your application is approved, you can fund your account via:
- Electronic Funds Transfer (EFT) from a linked bank account
- Wire transfer for immediate funding
- Check deposit
Start Investing: Once your account is funded, you can begin purchasing investments through the MassBroker platform.
Monitor and Manage: Use the tools provided by MassBroker to monitor your investments and adjust your portfolio as needed.
MassBroker Broker Account Opening Process
Opening a brokerage account with MassBroker is a straightforward process that typically involves the following steps:
MASS Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.