East Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 17:31

Abstract：Established in 1995, East is a forex broker registered in China, offering various trading options, including Forex, commodities, indices, and CFDs via the leading MT5 platform. However, East operates without regulatory oversight from any reputable financial body.

　　Note: East's official website: https://www.east-century.com/ is currently inaccessible normally.

EastReview Summary
Founded	1995
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Forex, commodities, indices, CFDs
Demo Account	✅
Leverage	1:100
EUR/USD Spread	Fixed, 1 pip
Trading Platform	MT5
Min Deposit	$100
Customer Support	Email: info@east-century.com

　　Established in 1995, East is a forex broker registered in China, offering various trading options, including Forex, commodities, indices, and CFDs via the leading MT5 platform. However, East operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Diverse trading choices	Unregulated status
Demo accounts supported	Inaccessible website
MT5 platform	Limited payment options
	Only email support

Is East Legit?

　　No, East is not regulated currently. Please be aware of the risk!

What Can I Trade on East?

Tradable Instruments	Supported
Forex	✔
CFD	✔
Commodities	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　East offers a demo account for traders to practice with. However, the details for specific live account types are not mentioned.

Leverage

　　East Century provides leverage up to 1:100 – while not by much, this is still more than what regulatory bodies have deemed appropriate for retail traders.

Spread

　　As for the spread, we learn that the EUR/USD spread on the demo account is 1 pip fixed, a favourable Buy/Sell difference for traders.

Trading Platform

　　East Century provides access to the Metatrader5 (MT5) – a platform that is generally considered one of the best available. In this case, however, we dont recommend it – simply because East Century cannot be trusted. We would better suggest sticking with legit Metatrader5 brokers instead.