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Far East Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.fepm62.c..., the company's legitimate regulatory information Hong KongHKGXType A1 License to enhance the security of the company's address 10/F Woon Lee Commercial Building, 9 Austin Avenue, Tsim Sha Tsui, Kowloon, Hong Kong

Far East Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
Far East Precious Metal (HK) Limited
Abbreviation
Far East
Company employee
--
Customer Service Email Address
cs@fepm62.com
Contact Number
+85235280868
Company Website
Company address
10/F Woon Lee Commercial Building, 9 Austin Avenue, Tsim Sha Tsui, Kowloon, Hong Kong
Keywords
5-10 years
Regulated in Hong Kong
Type A1 License
White label MT4
Global Business
High potential risk

Company profile

FEPMReview SummaryFounded2018-09-26Registered Country/RegionHong KongRegulationUnregulatedMarket InstrumentsGold, Silver, and OilDemo Account✅LeverageNot mentionedSpreadNot mentionedTrading PlatformMT4(iOS/Android)Min DepositNot mentionedCustomer SupportPhone: +852-22860800Email: cs@fepm62.comLive ChatSocial Media: FacebookFEPM Information FEPM is an electronic trading firm that provides precious metal investment services and 24/7 customer support. The firm also has MT4 and MT4 demo accounts.Pros and ConsPros Cons RegulatedNegative review: Fraud24/7 Customer SupportFew trading product typesMT4 availableIs FEPM Legit? CGCSE regulates FEPMand the license number is 062. Regulated brokers are safer than unregulated brokers, but risks are inevitable.What Can I Trade on FEPM? FEPM provides metals, such as gold, silver, and oil for traders to trade.Tradable Instruments Supported Gold✔Silver✔Oil✔Account Type FEPM has MT4 and MT4 demo accounts.Account Type Supported MT4 demo✔MT4✔FEPM Fees London gold is $0.50 per ounce and the silver is $0.04per ounce. Two metals' fee is $50 per hand.Trading Platform FEPM has an authoritative MT4 trading platform and traders can choose different versions, such as iOS and Android. Compared with MT5, junior traders prefer MT4.Trading PlatformSupported Available Devices MT4✔iOS/AndroidDeposit and Withdrawal The minimum deposit is unknown. FEPM offers Hang Seng Bank accounts for deposits and withdrawals and traders can also remit money into Hang Seng Bank account through a third-party payment platform. Withdrawals will be charged a certain fee. If the withdrawal is less than $50, traders will pay a $3 handling fee.Customer Support Options FEPM provides 24/7 customer support and traders can communicate via phone, email, and live chat.Contact Options DetailsPhone +852-22860800Email cs@fepm62.comLIVE Chat ✔Social Media FacebookSupported Language Chinese/EnglishWebsite Language Chinese/EnglishPhysical Address 10/F WOON LEE COMMERCIAL BUILDING NOS 7-9 AUSTIN AVENUE KLN

Rating Index

How to login to Far East?
far east Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the registration, account opening, and login processes on the far east platform can be straightforward when you have a clear guide. This comprehensive account guide will walk you through each step, ensurin

Far East Forex Broker - Complete Information Guide

1. Broker Overview

Far East Broker, officially known as 远东贵金属(香港)有限公司, was established in 2017 and is based in Hong Kong. The firm operates as a private entity and primarily serves retail clients in the forex and precious metals markets. Since its inception, Far East has aimed to provide a platform for trading various financial instruments, focusing on forex and precious metals, catering to both novice and experienced traders.

The company has experienced significant development milestones, including the launch of its trading platform and the establishment of customer service channels supporting multiple languages. The broker operates under the regulatory oversight of the Chinese Gold & Silver Exchange Society (CGSE), which, while not a government regulatory agency, provides a framework for trading in precious metals.

Far East Broker's business model is centered around retail forex trading, offering various account types and trading services to its clients. The firm has positioned itself to attract a diverse clientele, including individual traders and small investment firms seeking access to forex and precious metals markets.

2. Regulatory and Compliance Information

Far East Broker operates under the supervision of the Chinese Gold & Silver Exchange Society (CGSE), with a license number of 062. However, it is important to note that the CGSE is not a formal financial regulatory body, and its oversight may not provide the same level of security as other recognized financial regulatory agencies.

The broker's regulatory license is valid for facilitating trading in precious metals and related instruments, but it does not extend to comprehensive financial services that would typically be regulated by government authorities. As such, potential investors should carefully consider the regulatory environment surrounding Far East Broker.

Client funds are reportedly kept in segregated accounts, which is a common practice aimed at protecting clients' assets in case of financial difficulties faced by the broker. However, the specifics of the investor compensation fund participation are not clearly outlined in publicly available information. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring that client identities are verified and monitored to prevent illicit activities.

3. Trading Products and Services

Far East Broker offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to a selection of currency pairs, including major, minor, and exotic pairs, allowing traders to engage with the global forex market effectively.

In addition to forex, Far East Broker offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, and precious metals. The broker continuously updates its product offerings to ensure that clients have access to the latest trading opportunities in the market.

The firm also provides retail trading services tailored to individual clients, along with institutional services for larger clients. While specific details on white label solutions and asset management services were not available, the broker's infrastructure appears to support a range of trading strategies and client needs.

4. Trading Platforms and Technology

Far East Broker supports the MetaTrader 4 (MT4) trading platform, which is widely recognized in the forex industry for its user-friendly interface and advanced trading features. Traders can utilize MT4 for executing trades, analyzing market trends, and employing various trading strategies.

The broker does not appear to offer a proprietary trading platform, but it provides web-based trading solutions, enabling clients to access their accounts from any device with internet connectivity. Additionally, mobile applications for both iOS and Android are available, allowing traders to manage their accounts and execute trades on the go.

Far East Broker operates with an Electronic Communication Network (ECN) execution model, which connects traders directly to the market, ensuring competitive pricing and minimal slippage. The broker's servers are strategically located to enhance execution speeds and overall trading performance. Furthermore, API access for automated trading is available, catering to algorithmic traders looking to implement their strategies with ease.

5. Account Types and Trading Conditions

Far East Broker offers several account types to accommodate various trading preferences and strategies. The standard account requires a minimum deposit, with competitive spreads and commission structures that vary based on the trading volume.

For advanced traders, the broker provides VIP and professional accounts, which offer enhanced trading conditions, including lower spreads and additional features. The availability of Islamic accounts and corporate accounts is also noted, catering to a broader range of clients.

The broker provides a demo account option for traders to practice their strategies without financial risk. Leverage ratios vary depending on the asset class, with forex pairs typically offering higher leverage. The minimum trade size is in line with industry standards, allowing flexibility for traders of all levels.

Far East Broker has policies regarding overnight fees, which are applied to positions held beyond the trading day. The specifics of these fees should be reviewed carefully by traders to understand the potential costs associated with their trading strategies.

6. Fund Management

Far East Broker supports various deposit methods, including bank transfers, credit cards, and e-wallets, ensuring that clients have flexible options for funding their accounts. The minimum deposit requirement varies by account type, with specific details available on the broker's website.

Deposit processing times are generally swift, allowing clients to start trading quickly. However, any associated deposit fees should be confirmed, as they may vary based on the chosen payment method.

Withdrawals can be made through similar channels, with specific limits and processing times that clients should be aware of. The broker's withdrawal policies aim to provide timely access to funds, although exact timeframes and fees may vary based on the method used.

7. Customer Support and Educational Resources

Far East Broker offers customer support through multiple channels, including phone, email, and live chat. The service operates during business hours, with coverage that accommodates clients in different time zones. Support is available in several languages, including English and Traditional Chinese, ensuring effective communication with a diverse clientele.

The broker provides a range of educational resources designed to enhance traders' knowledge and skills. These resources include webinars, tutorials, and e-books, covering various trading topics and strategies.

Market analysis services are also offered, featuring daily analysis, news updates, and research reports to keep clients informed about market trends. Additionally, the broker provides trading tools such as calculators and calendars to assist traders in their decision-making processes.

8. Regional Coverage and Restrictions

Far East Broker primarily serves clients in Hong Kong and surrounding regions, with a focus on the Asia-Pacific market. The broker has established regional offices to cater to its clientele effectively.

However, certain countries and regions may be restricted from accessing the broker's services due to regulatory considerations. Specific limitations should be reviewed directly on the broker's website or through customer support to ensure compliance with local laws.

In summary, Far East Broker presents a range of trading opportunities and services tailored to meet the needs of its clients. While it operates under the oversight of the CGSE, potential investors should exercise caution and conduct thorough research before engaging with the broker.

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Latest Reviews

FE7858

FE7858

Hong Kong

Since stepping into this challenging and opportunity-filled field of financial investment, I have personally experienced countless ups and downs in trading, going through a growth process from confusion to confidence. Among the many trading platforms, FAREAST Precious Metals has undoubtedly been the most steadfast companion on my journey. Its professionalism and thoughtfulness have provided me with an unprecedented trading experience. Today, I would like to share some of my personal insights, hoping to offer some inspiration to friends who are seeking good investment opportunities. When I first logged into FAREAST Precious Metals' official website, I was immediately drawn to its clean and straightforward design. The registration process was clear and quick, with no redundant steps, making me feel the platform's attention to detail. From that moment on, the impression of FAREAST Precious Metals was imprinted with the label of 'professionalism.' Subsequently, my first interaction with the customer service team was also extremely smooth. They patiently answered every question I had, and this level of professionalism and enthusiasm filled me with anticipation for the upcoming collaboration. After actually starting to trade, the biggest feeling FAREAST Precious Metals gave me was a strong sense of security. The platform uses advanced encryption technology to protect user information, and every login requires two-factor verification, which made me feel deeply reassured about the safety of my assets. Additionally, fund transfers are smooth, and every transaction is within a controllable range, so I never had to worry about funds being delayed. The trading experience was quite enjoyable.

Positive

07-31

FX3915154955

FX3915154955

Thailand

I've used three platforms, and currently, I find FAR EAST HONG KONG LIMITED to be quite satisfactory. I mainly value its fund security system and basic user experience. The customer service promptly provides guidance for beginners during operations, and it also carries the official certification mark from Hong Kong, which should be reliable. It's particularly suitable for a conservative precious metals investor like me.

Positive

07-30

FX8816952772

FX8816952772

Hong Kong

Saw a QQ group in Alipay Gold discussion area, joined it and came to know about Far East platform. After making a profit, they accuse you of violation and suspend your account, making it impossible to withdraw your profits. Contacting Hong Kong Financial Centre or Securities Regulatory Commission leads to endless delays. If you face this issue, report immediately, freeze all their accounts and report their domestic agents.

Exposure

07-19

Far East Forex Broker has an overall rating of 6.47, Regulatory Index 7.02, License Index 7.04, Business Index 7.23, Software Index 8.74 Risk Control Index 0.00.