Compass
Basic Information
Pros and Cons
Pros
- Long operation time
- Specific solutions for agribusiness
- Multiple channels for customer support
Cons
- Suspicious clone NFA license
Is Compass Safe and Legit?
Compass Ag Solutions, registered in the United States since 2012, has approximately 5-10 years of operational experience. The broker primarily focuses on agricultural commodities, offering services such as Compass Hedging and Compass Ag Insurance, with trading on platforms like MT4/5 featuring average spreads and leverage based on user needs.
Compass currently holds a suspicious clone license from the National Futures Association (NFA), which raises significant concerns regarding its safety and legitimacy in financial operations across jurisdictions.
Market feedback indicates that Compass has a mixed reputation, with users highlighting issues such as customer service responsiveness and withdrawal difficulties. Transparency concerns and a relatively high frequency of complaints have also been reported, signaling caution for potential clients considering their services.
Is Compass a Regulated Broker?
What Are the Regulatory Licenses Held by Compass?
Compass Ag Solutions, registered in the United States since 2012, currently holds a suspicious clone license from the National Futures Association (NFA). This raises significant concerns regarding its safety and legitimacy in financial operations. As such, it does not hold any mainstream regulatory licenses, and potential clients should be cautious given the associated risks of engaging with a broker that has such a license status.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| NFA | National Futures Association | Compass Hedging LLC | Suspicious Clone | 0442312 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Client funds at Compass Ag Solutions are held in independently regulated bank accounts, segregated from the broker’s own assets. This practice is crucial for safeguarding client investments, although specific details regarding the regulator’s rules on segregation are not provided.
Compass Leverage
Compass offers leverage options tailored to client needs, though exact multiples by product category and account type are not specified. The broker’s leverage practices must comply with the legal limits set by the jurisdictions in which it operates, but specific details regarding client classifications remain unspecified.
Compass Withdrawal Review
How to Contact Compass?
Users have reported various complaints about Compass Ag Solutions, particularly concerning withdrawal issues. Feedback indicates a notable proportion of clients have experienced difficulties in processing withdrawals, leading to concerns regarding customer service responsiveness. Complaints have been sourced from credible platforms, reflecting a mixed reputation for the broker. The handling of these complaints appears inconsistent, with clients noting delayed responses. There is evidence of repetitive complaints regarding withdrawals, although no regulatory penalties or warnings have been publicly documented. Given these factors, potential clients should exercise caution when considering Compass’s services due to the mixed feedback on legitimacy and safety.
Frequently Asked Questions
A1: Compass Ag Solutions currently holds a suspicious clone license from the National Futures Association (NFA), which raises significant concerns regarding its legitimacy and safety. Potential clients should be cautious due to the associated risks of engaging with a broker that has such a license status.
A2: Client funds at Compass Ag Solutions are held in independently regulated bank accounts, segregated from the broker’s own assets. This practice is essential for safeguarding client investments, although specific details about the regulator’s rules on segregation are not provided.
A3: Users have reported various complaints about Compass Ag Solutions, particularly concerning withdrawal difficulties. Many clients have experienced issues with processing withdrawals, leading to concerns about customer service responsiveness and overall reputation.
A4: Compass Ag Solutions provides multiple channels for customer support, including a contact form and phone support. However, user feedback indicates that customer service responsiveness has been inconsistent, with some clients noting delays in communication.
A5: Compass Ag Solutions primarily focuses on agricultural commodities, offering services such as Compass Hedging and Compass Ag Insurance. They provide specialized solutions for agribusiness, particularly aimed at cattle owners and risk management.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.