Amass foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://amassfintech.com/, about the company's legal and temporary regulatory information, the company's address 1630 Welton Street, Suite 201, Denver CO 80202.
AMASS, officially known as AMASS International Group, Inc., was established in 2022. The company is headquartered in Belize with a primary office located at 1630 Welton Street, Suite 201, Denver, CO 80202, USA. AMASS operates as a private entity and claims to serve a diverse clientele, including both retail and institutional traders.
Since its inception, AMASS has aimed to position itself as a prominent player in the online trading industry, particularly in the Forex market. It has attracted a significant number of traders by promising fast order execution, competitive commissions, and advanced trading tools. The companys development has been marked by its rapid growth, claiming to have attracted hundreds of thousands of traders within a short period. However, the actual performance and legitimacy of AMASS have been called into question by various sources.
The operational model of AMASS encompasses retail Forex trading, providing access to a wide array of financial instruments such as currencies, commodities, and cryptocurrencies. The company also claims to offer institutional services, although detailed information on this aspect is limited.
AMASS claims to be regulated by several authorities, including:
The registration number for AMASS is 20221977192, which was issued in October 2022. However, it is important to note that while the SEC lists the company, there are indications that FINTRAC has not approved its operations, raising concerns about its regulatory status.
AMASS asserts that it complies with various Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although specific details regarding these measures are not extensively provided. The company claims to implement a customer funds segregation policy to protect client assets; however, the effectiveness and transparency of this policy are not clearly articulated.
Investors should be cautious, as the lack of concrete regulatory backing and the absence of a robust investor compensation scheme may expose them to significant risks.
AMASS offers a diverse range of trading products, including:
AMASS claims to update its product offerings regularly; however, specific details regarding the frequency and nature of these updates are not disclosed. The company primarily targets retail traders but also mentions services for institutional clients, although details about institutional offerings are scarce.
AMASS provides a trading platform that supports MetaTrader 4 and MetaTrader 5, popular platforms known for their user-friendly interfaces and comprehensive trading tools. In addition to these, AMASS may offer a proprietary trading platform, although specific details about this platform are not extensively covered in available resources.
The broker supports a web-based trading platform and has mobile applications available for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
AMASS operates under an ECN (Electronic Communication Network) execution model, which is designed to provide direct market access and competitive pricing. The company claims to have invested in robust server infrastructure to ensure fast and reliable trade execution, although specific details regarding server locations and technology are not provided.
Additionally, AMASS appears to support API access for automated trading, catering to traders looking for algorithmic trading solutions.
AMASS offers various account types to cater to different trading needs, including:
The broker offers leverage ratios that vary by product, but specific details regarding these ratios are not outlined. The minimum trade sizes and overnight financing fees are also not clearly stated.
AMASS supports multiple deposit methods, including:
The minimum deposit requirements may vary by account type, but specific amounts are not disclosed.
Deposit processing times are reportedly swift, although exact timeframes are not specified. The broker claims to have no deposit fees, which is an attractive feature for many traders.
Withdrawal methods include the same options as deposits, but details regarding withdrawal limits and processing times are not clearly defined. Additionally, the fee structure for withdrawals remains unspecified, which may raise concerns for potential clients.
AMASS provides customer support through several channels:
The support service operates during business hours, but specific time zones and coverage are not mentioned.
The broker offers support in multiple languages, although the exact languages available are not listed.
For educational resources, AMASS provides various materials, including:
Market analysis services are also available, featuring daily analyses, news updates, and research reports, which can assist traders in making informed decisions.
AMASS primarily serves clients in North America, particularly the United States and Canada. The company has a presence in various regions but does not provide specific details about its regional offices.
However, it is important to note that AMASS does not accept clients from certain countries, although specific restrictions are not detailed in available resources.
In summary, while AMASS presents itself as a comprehensive trading platform with a wide range of products and services, potential clients should exercise caution due to the lack of clear regulatory oversight and transparency in certain operational aspects. It is advisable for traders to conduct thorough due diligence before engaging with the broker.