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Breakk
United States
21 Jul 2014 (11 Years)
Last online: No recent activity
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Breakk
Company Information
Get to know Breakk
Breakk is a mobile application that enables its users to make and receive payments. The application allows its users to add contacts manually and through social media. They are able to transfer money with each other through Venmo and PayPal. Furthermore, it offers group money transfer services to its users. Breakk was launched in 2014 by Justin and Ben Thomas, Jason Grandelli, Mark Corwin, and Blake Cruz and is based in Texas.
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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