Score

1.47 /10
Danger

East

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 18

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.66

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Regulatory disclosure

Warning

SG MAS
2021-06-02

Broker Information

More

Company Name

East Century Group Limited

Company Abbreviation

East

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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    East · Company summary

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

    EastReview Summary
    Founded1995
    Registered Country/RegionChina
    RegulationUnregulated
    Market InstrumentsForex, commodities, indices, CFDs
    Demo Account
    Leverage1:100
    EUR/USD SpreadFixed, 1 pip
    Trading PlatformMT5
    Min Deposit$100
    Customer SupportEmail: 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.

    logo

    Pros and Cons

    ProsCons
    Diverse trading choicesUnregulated status
    Demo accounts supportedInaccessible website
    MT5 platformLimited payment options
    Only email support

    Is East Legit?

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

    Is East Legit?

    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.

    Trading PlatformSupported Available Devices Suitable for
    MT4/Beginners
    MT5/Experienced traders
    Trading Platform

    Deposit and Withdrawal

    East accepts deposits via credit cards – this is quite beneficial. East has set its minimum deposit at $100.

    User Reviews

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    User comment

    1

    Comments

    Write a review

    郑金来
    more than one year
    該死的平臺, 騙了我近5000美金,然後就逃之夭夭了。 聯系不上他們的工作人員, 都把我拉黑了。 又沒有朋友知道我的錢還能夠要回來嗎? 如果能幫忙要回來, 我願意分給你一半!
    該死的平臺, 騙了我近5000美金,然後就逃之夭夭了。 聯系不上他們的工作人員, 都把我拉黑了。 又沒有朋友知道我的錢還能夠要回來嗎? 如果能幫忙要回來, 我願意分給你一半!
    Translate to English
    2022-12-13 15:31
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