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Comparison
Quantity 18
Exposure
Score
Regulatory Index0.00
Business Index6.59
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Warning
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Company Name
East Century Group Limited
Company Abbreviation
East
Platform registered country and region
China
Company website
Company summary
Pyramid scheme complaint
Expose
Unable to withdraw. Please help.
Unable to withdraw. A romance scam. Justice has long arms.... You will pay for what you did
Currently unable to log in to the company’s website, change the name, scammer Everyone, pay attention to return my money. It's too damning.
Hello, I invested in that platform. A staff contacted me on WhatsApp and he told me to invest in their platform. This is a broker, but they cooperated with the investment. I invested $550. A few days later they asked me For $570, I had a long conversation with the agent and only asked me to quit more, and in the end they lied to me.
I want to withdraw 100,000 but I should pay taxes first
Can’t withdraw funds without paying . The introducer doesn’t apply to me, neither does the broker
Everyone has to keep your eyes open to see what is a real friend and what a fake friend is. I just used this black platform because I don’t know people well. Unable to withdraw money, only in and not out.
Can’t access MT5 today! As a result, the company’s website cannot be opened at all. Google EST found that the new website has changed the name to https://ecg-limited.com/Cn! With more than 40,000 US dollars of funds in me, I can't withdraw money at all! I hope everyone will pay attention because there is no way to ask for help. Who can tell me how to sue
I deposited 30,000 but lost all of it. Stay away from it.
I wanna expose this platform. I have been cheated of T$100,000 I hope there will be no one cheated by 111. Pay attention!
after i requested for withdrawal, weirdly my position suffered a severe slippage. if you look at pictures attached below, my trading for the past few days has been going smoothly. up until i loss $13k usd on a single trade!
My position was liquidated out of nowhere. I set my stop loss and take profit, but still got wiped out. I opened a Sell Position for USOUSD (Crude Oil) at the price of $66.92, MT5 time 13:40:01. After that, in just a few minutes, the price spiked up to $69.67 at time 13:44, then followed by a new M1 candle (13:45) O: 69.67, H : 69.79, L :68.11, C : 68.16. Then it burst my account at price 69.69 ! Completely Stopped Out my Trading Account! I've opened a Demo Account with the same Broker and also other Brokers to check Crude Oil Price. But during that time, only my Broker's Chart price reached $69.69! Other Brokers, the highest price was $68.97! On the same day, I had requested to make a withdrawal of $4000. But the Customer Service said since it's my first time of making a withdrawal, they gonna need 24 hours to assess my withdrawal request. Since 14/5/2021, My trading was going smoothly. It's definitely not a coincidence that this happened.
Ask for a 10% incom tax to withdraw funds! This is a fraud broker
Fraud broker. Unable to withdraw without paying unfreezing fees. Induce u to trade under the guise of building a relationship with u
I asked a customer service that I would like to withdraw one hundred thousand dollars, but the other party told me that I must pay taxes, so I paid another ten thousand dollars to be a customer service, but the customer service has been lost and can’t be contacted. Now, give me one hundred thousand dollars.
The price of crude oil was from 66.87 to 69.67 at 13:44 of June 2, 2021. But then the price fell to 68.16(Open price was 69.67, the highest price was 69.70 and the lowest was 68.11, closing price was 68.16). My position was liquidated just within two minutes! I sold short at 13.40 with the price of 66.92 but the liquidation price is 69.69. What a coincidence! I compared the candlestick here with other’s. However, they are totally different. 69.69 was never hit. I believed that this is a fraud broker! If you used some other brokers, you can open the MT4/5 and see the chart. But you should see the price of two hours ago, cuz the price in EastCenturyGroup mt5 is 2-hour late. I applied for withdrawal in the afternoon of the same day. The customer service said it would took24 hours to handle the first withdrawal. But they made my positions wiped out at that night! It’s just a coincidence? My heart is broker... Stay away from the low-score broker! I think there are many other victims like me!
General Information
East Century is a truly anonymous broker. The people running this business reveal nothing about themselves except for the company‘s name- East Century Group Limited. Our research showed there is a British company bearing the same name, but East Century doesn’t mention anything about the UK. Also, the British entity doesnt have a license to operate as a Forex broker, so East Century is an illegal enterprise and most probably a scam.
Official Website Unavailable
As of now, the website of East Century (https://www.east-century.com/) is not available. We can only find some fragmentary information on the Internet, and most of them are negative reviews. The broker offers Metals, Oil and Energy CFD trading on MetaTrader, but Forex is also possible. In fact, upon download, the default instruments on the platform are currency pairs.
Leverage & Spreads
East Century provides a leverage of 1:100 – while not by much, this is still more than what regulatory bodies have deemed appropriate for retail traders. As for the spread, we learn that the EUR/USD spread on the demo account is 1 pip fixed.
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.
Risk Warning
The number of the complaints received by WikiFX has reached 15 for this broker in the past 3 months, mainly covering the inability to withdraw funds. In addition, the website is not available and there is no contact information. We assume that the broker East Century might be closed or run away. Please be aware of the risk and the potential scam!
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2022-12-13 15:31
