Company Name
Far East Precious Metal (HK) Limited
Company Abbreviation
Far East Precious Metal
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
| FEPMReview Summary | |
| Founded | 2018-09-26 |
| Registered Country/Region | Hong Kong |
| Regulation | Unregulated |
| Market Instruments | Gold, Silver, and Oil |
| Demo Account | ✅ |
| Leverage | Not mentioned |
| Spread | Not mentioned |
| Trading Platform | MT4(iOS/Android) |
| Min Deposit | Not mentioned |
| Customer Support | Phone: +852-22860800 |
| Email: cs@fepm62.com | |
| Live Chat | |
| Social Media: Facebook | |
FEPM 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 Cons
| Pros | Cons |
| Regulated | Negative review: Fraud |
| 24/7 Customer Support | Few trading product types |
| MT4 available |
Is 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 Platform | Supported | Available Devices |
| MT4 | ✔ | iOS/Android |
Deposit 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 | Details |
| Phone | +852-22860800 |
| cs@fepm62.com | |
| LIVE Chat | ✔ |
| Social Media | |
| Supported Language | Chinese/English |
| Website Language | Chinese/English |
| Physical Address | 10/F WOON LEE COMMERCIAL BUILDING NOS 7-9 AUSTIN AVENUE KLN |
