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EASTPAC Forex Broker provides real users with * positive reviews, * neutral reviews and 5 exposure review!

EASTPAC Broker Review

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EASTPAC Review 5

Latest All(5) Exposure(5)
Exposure
EASTPAC revealed to be running a scam by FINTRACK

After making several deposits to the Eastpac account and growing my portfolio , My request for withdrawal was not granted until I pay some certain tax. i researched the way the tax system works for Investments through Fintrack and it was revealed that you shouldn’t pay any tax before withdrawal. I quickly realized it was a scam and I opened a case immediately. the quick intervention of FT got me out of this mess.

FX1537238665
2022-04-24
Exposure
manipulation at its best

I was conned into investing with an assurance of conservative methods and evidence of past successes. wasn’t sure initially if it was a scam or just incompetence on their part but the funds recovered under fintrack /org from my Eastpac account made it evident that it was a well planned scam. The way Eastpac works, you make an order and someone else on the platform manipulates the trend to ensure that you either win or lose money depending on how they intend to spin the narrative and in most cases, you are not able to close the position.

FX1088285290
2022-04-24
Exposure
AssetsClaimBack legal experts

Traded with EASTPAC invested an initial 52k made great profits, paid taxes on profits. Equalling to 110k in total, when trying to retrieve funds account was frozen and unable to withdraw. Laura the fake broker has done nothing to help and the support system all they did was nothing to assist. Absolutely horrible company to deal with never ever should anyone get involved with them. My review title aid me with withdrawal approval I really didn’t know what to do when i found out this company was not regulated.

FX695459
2022-04-24
Exposure
Seek for Compensation

Vincent SUN, who claimed to be the VP, China/Asia connected withe on WhatsApp in Oct 2021. Between then and Feb 2022, I was brainwashed by SUN to deposit equivalent to $976, 873USDT to my Eastpac account. SUN instructed me to trade exactly the way that he told me to. There were a couple of times that I did not follow his instructions exactly. I was threatened and bullied by him in return. While SUN “helped” me to gain profits for a while, there were a few he gave totally misleading information which caused me to lose every penny that I deposited. I am submitting this request seeking for compensation. I am including the final statement of account showing the total deposits and loss. I have the deposit verifications and trading details in support of each transaction on my account if needed.

CherryO
2022-04-24
Exposure

This is a typical Shazhupan. An Asian lady approached and befriended me. After chatting a few weeks, she introduced me to invest with two brokers: S&J Future Limited and Eastpac Capital on MT5. She claims that she gets insider information from an uncle in Hong Kong to guarantee profits. Following her instructions, I deposited a total of principle of $1,240,500 USD to both accounts via cryptocurrencies. Until November 17, 2021, all the trades appeared to be successful and in profits. On November 18, 2021, she advised me to buy 10 positions of XAUUSD.s at a time. 3 minutes into the trade, the APP kicked me out and closed all my positions. After that lose, the Asian lady pitched in some money and convince me to another platform to earn my loss back. I had all winning trades until December 3, 2021. The APP kicked me out again, and I lost everything.

SL31198
2022-03-29

  

Eastpac 2025 Review: Everything You Need to Know

  Summary: The overall assessment of Eastpac reveals significant concerns regarding its legitimacy and safety as a forex broker. Multiple sources indicate that Eastpac operates without proper regulation, leading to a high risk of scams and fund loss. Key features include the use of popular trading platforms like MT5, but the absence of clear trading conditions and user protection mechanisms raises red flags.

  Note: It's crucial to recognize that the Eastpac entity operates across various regions, which may affect its regulatory status and user experience. The following review aims to provide a balanced perspective based on multiple sources, ensuring fairness and accuracy.

  

Rating Overview

Category Score (out of 10)
Account Conditions 1
Tools and Resources 2
Customer Service and Support 1
Trading Setup 2
Trustworthiness 1
User Experience 1
Overall Score 1.33

  How We Rate Brokers: Our ratings are derived from comprehensive research and analysis of various user experiences and expert opinions.

  

Broker Overview

  Eastpac Capital Limited, operating under the domain eastpac.live, is an unregulated forex broker that claims to offer a range of trading services. Established recently, the broker has not provided sufficient information about its operational history or regulatory compliance. It primarily utilizes the MetaTrader 5 (MT5) platform, a widely respected trading software in the industry. However, the lack of transparency regarding trading conditions and account types is concerning.

  

Detailed Breakdown

  •   Regulatory Regions:

      Eastpac claims to operate under a "money services business license" in the U.S., but no credible regulatory body recognizes this. The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) do not list Eastpac, indicating a lack of legitimate oversight. This unregulated status is a significant red flag for potential investors.

  •   Deposit/Withdrawal Methods:

      The broker's website mentions bank transfers and cryptocurrency payments as options. However, the preference for cryptocurrencies is commonly associated with scams, as these transactions are irreversible. There is no clarity on withdrawal processes or potential fees, which adds to the uncertainty surrounding fund safety.

  •   Minimum Deposit:

      Eastpac does not specify a minimum deposit requirement, which is unusual for legitimate brokers. This vagueness can be a tactic to lure in unsuspecting traders who may deposit any amount without understanding the risks involved.

  •   Bonuses/Promotions:

      There is no information available regarding bonuses or promotional offers, which is often a tactic used by scam brokers to entice new customers.

  •   Tradeable Asset Classes:

      While Eastpac claims to offer over 50 forex pairs, the lack of detailed information about available instruments raises questions about the actual trading environment. The absence of a clear asset list is a common characteristic of fraudulent brokers.

  •   Costs (Spreads, Fees, Commissions):

      The broker advertises competitive spreads but does not provide specific figures on its website. According to user reports, spreads may be significantly higher than advertised, which is indicative of deceptive practices.

  •   Leverage:

      Eastpac offers leverage up to 1:400, which is much higher than what is allowed by regulated brokers in major jurisdictions. Such high leverage can lead to substantial losses, particularly for inexperienced traders.

  •   Allowed Trading Platforms:

      Eastpac utilizes the MetaTrader 5 platform, which is known for its advanced features and user-friendly interface. However, the lack of support and guidance on how to use the platform effectively is a drawback.

  •   Restricted Regions:

      The broker does not specify any restricted regions, but operating without regulation raises concerns for traders in jurisdictions with strict financial laws.

  •   Available Customer Service Languages:

      The broker's contact information is minimal, with an email address provided but no phone support. This lack of accessible customer service is a substantial concern for users seeking assistance.

      

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    Repeated Rating Overview

    Category Score (out of 10)
    Account Conditions 1
    Tools and Resources 2
    Customer Service and Support 1
    Trading Setup 2
    Trustworthiness 1
    User Experience 1
    Overall Score 1.33

      

    Detailed Analysis

    •   Account Conditions:

        The absence of clear account types and minimum deposit requirements makes it difficult for potential clients to assess their options. Legitimate brokers typically offer detailed information about account tiers and associated benefits.

    •   Tools and Resources:

        Despite using a popular platform like MT5, Eastpac lacks educational resources and trading tools that would typically support traders in making informed decisions.

    •   Customer Service and Support:

        The limited contact options and lack of customer service responsiveness are significant drawbacks. Users have reported difficulties in reaching support, which can be detrimental in times of need.

    •   Trading Setup:

        The trading environment lacks transparency, with insufficient details about spreads, fees, and conditions. This obscurity is a hallmark of potentially fraudulent operations.

    •   Trustworthiness:

        Given the unregulated status and numerous warnings from financial authorities, Eastpac's trustworthiness is severely compromised. Traders are strongly advised to exercise caution.

    •   User Experience:

        Overall user experiences have been largely negative, with many reporting issues related to fund withdrawals and customer support. This aligns with the broader concerns regarding the broker's legitimacy.

    •   In conclusion, the Eastpac review highlights significant risks associated with trading through this broker. The lack of regulation, transparency, and adequate customer support raises serious concerns for potential investors. It is advisable for traders to seek alternatives that are well-regulated and offer clear, reliable trading conditions.

EASTPAC review