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East Asia Futures -

Score

8.10 /10
Good

East Asia Futures

China

5-10 years

Regulated in China

Derivatives Trading License (AGN)

Self-developed

Suspicious Scope of Business

http://www.eafutures.com

Influence

D

Add brokers

Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index7.83

Business Index7.55

Risk Management Index9.71

Software Index7.05

License Index7.83

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

上海东亚期货有限公司

Company Abbreviation

East Asia Futures

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

EAF International Future fraud

About April 2022, I passed a customer service person who claimed to be Wen Yunqi with phone number 13641934806. They said that they were the agent of EAF Futures to carry out international futures in the mainland, and they had the power of attorney of East Asia International and the business license of EAF Company, so I opened a sub-account, which was in early March and could not be logged in. It also has $572 in its account.

FX2288671286
2023-03-24 19:57
Scam

EAF international futures fraud.

around april 2022, i passed a customer service person who claimed to be wen yunqi. said they were orient securities futures agents EAF international develops international futures in the mainland, and at the same time has EAF international power of attorney and the business license of orient securities futures company, so i opened a sub-account. this account was unable to log in at the beginning of march, and there was still 572 us dollars in the account.

FX2288671286
2023-03-24 21:58
Scam

Scam

In this early May, someone added me and pulled me into a group. Then the assistant in the group sent the link of livestreaming room, in which teachers gave recommendation on stocks. Since it was for free, I had a listen for skill improving. Later, the teacher asked us to trade on EAF , saying that the stock market was volatile. So the members got registered under the guidance of the manager. They showed the profit screenshots with several thousand profit. Chen asked us to join his team. We were divided into different groups by our initial fund. Members continued to show the profits. On May 12, I inquired the members and they all told me to rest assured. So I deposited 50 thousand. Having profited a lot, I added fund, bringing the total to 150 thousand. I wanted to recovery losses, while the market went adversely. My account became liquidated directly. Chen comforted me and asked for fund adding to recover losses. Sp I trusted him again. On 27 and 28, I still suffered losses under his guidance. Then they claimed that my fund is small. To ensure the account security, I brought the total into 450 thousand. Once, Chen gave recommendation on stock, preaching the coming opportunity. I placed nearly 10-lot orders, ending up losing all fund. At that time, I realized that I had been cheated.

LONGTIANFENGFAWUXIANFENG
2020-08-12 19:52
East Asia Futures · Company summary
EAFReview Summary
Founded2004
Registered Country/RegionChina
RegulationCFFEX
Market InstrumentsCommodities, indices, bonds, futures
Demo Account❌
Leverage/
Trading PlatformPhone app, software
Min Deposit/
Customer SupportService time: 400-600-7299 trading day 8:30-17:00, 19:00-22:00
Phone: 021-55275071, 021-55275072
Email: tousu@dyqh.cn
WeChat, TikTok

EAF is a regulated broker, offering trading on commodities, incidies, futures and bonds.

EAF's homepage

Pros and Cons

Pros Cons
Regulated by CFFEXNo demo accounts
Various contact channelsNo MT4/MT5 platform
Various trading products

Is EAF Legit?

Yes. EAF is regulated by the China Financial Futures Exchange (CFFEX) and holds a futures license from this regulatory authority.

Regulated by CFFEX

What Can I Trade on EAF?

Tradable Instruments Supported
Commodities✔
Indices✔
Bonds✔
Futures✔
ETFs❌
What Can I Trade on EAF?

Account Type

The broker has not clearly provided the types of accounts it offers. However, the account opening blank clearly shows the steps to open an account.

Account

Leverage

The broker has not clearly provided the leverage it offers.

EAF Fees

Trading fees depend on the exchange and the specific commodity.

Fee details

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Phone app✔东亚财富APP, 东亚期货移动APP/
Software✔快期(Q7 V2版)期货交易终端, 快期(Q7 V3版)期货交易终端,博易大师5云行情交易系统, 文华财经期货行情交易软件(wh6)/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

EAF supports signing up for the bank-futures transfer service with 12 major banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB), Bank of China (BOC), Industrial Bank (CIB), China Merchants Bank (CMB), Shanghai Pudong Development Bank (SPDB), China Minsheng Bank (CMBC), Industrial and Commercial Bank (ICBC), China Citic Bank (CNCB), Ping An Bank, and more.

User Reviews

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User comment

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Comments

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Harkerri
more than one year
Support was quick and precise in giving a direct guidance to resolving the issue of my hanging deposit. Although I missed a trade due to the hanging deposit and expect them to ensure a faster and total completion of deposit transactions next time.
Support was quick and precise in giving a direct guidance to resolving the issue of my hanging deposit. Although I missed a trade due to the hanging deposit and expect them to ensure a faster and total completion of deposit transactions next time.
Translate to English
2024-08-26 10:59
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Gentel
more than one year
I encountered an individual claiming to represent EAF Futures, convincing me to open a sub-account. They flaunted their authority with the power of attorney from East Asia International and the business license of EAF Company. However, my attempts to log in were futile, leaving $600 stranded in the account.
I encountered an individual claiming to represent EAF Futures, convincing me to open a sub-account. They flaunted their authority with the power of attorney from East Asia International and the business license of EAF Company. However, my attempts to log in were futile, leaving $600 stranded in the account.
Translate to English
2023-12-15 19:02
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0
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