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FEPM -

Score

7.50 /10
Good

FEPM

Hong Kong

5-10 years

Regulated in Hong Kong

Type A1 License

Medium potential risk

https://en.fepm62.com

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index7.02

Business Index7.01

Risk Management Index8.90

Software Index8.74

License Index7.02

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

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Far East Precious Metal (HK) Limited

Company Abbreviation

FEPM

Platform registered country and region

Hong Kong

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-11-12
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

FEPM

The agent of FEPM gives adverse recommendations, making me lose all my money. The payees’ accounts are all personal accounts.

L.Y.J
2020-11-18 21:48
Scam

Recruiting mainland agents in violation of regulations, calling and sharing orders in violation of regulations

FEPM recruited mainland agents in violation of regulations, calling and sharing orders in violation of regulations, damging the interest of investors and lead liquidation

FX2479205325
2022-02-27 18:15
Others

Shut down the server directly at 3 a.m. on Friday to deceive customers

While Buy was still active, FEPM actually shut down the server several hours in advance. The agent explained that it was because each Securities Firms had its own settlement time. It is understandable that there is a difference in settlement time. It can be settled and closed ten and a half hours before Buy is suspended. What does it mean to settle three hours in advance? ? The customer didn't know this setting at all, and the order didn't have time to handle risk prevention. Moreover, it was on the weekend. It can be said that the risk was left to the customer, and the customer's trading time was greatly shortened! ! ! ! So unscrupulous!

duoqinghe
2023-11-04 03:46
Scam

Induced fraud, serious slippage

I became an agent of the company in 2017 and opened several gold and silver trading accounts in February of this year. The company told me that the commission for February would be paid to my bank card in March. My superior Mr. Liang, the businessman of the company, told me that I should rest assured that I would receive my commission on time. On March 8, however, my superior informed me that two accounts were trading illegally and the commission would not be paid to me for the time being, telling my clients to close their positions and withdraw from the accounts and the company would deal with them later. On March 9, my superior told me by WeChat that the company had ruled that I was a partner in the speculation and the commission was not paid to me so far. For Feb. and Mar. the company should have paid me a commission of CNY 100k, but they paid none. Poorly, I have liver cancer and I have done surgery three times, so my financial situation is particularly bad. Moreover, I have lost more than 100,000 RMB on 3 trading accounts and my clients are looking for me to compensate for their loss. In addition, the slippage on the company's trading software is particularly serious, with a first-hand slippage of up to 157 USD, both open and closed positions. Please help me, help me to recover the 3 accounts' slippage loss and my due funds, and remind other partners to recognize the true nature of this company, so as not to cause unnecessary loss of funds.

327
2023-03-31 10:17
FEPM · Company summary
FEPMReview Summary
Founded2018-09-26
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsGold, Silver, and Oil
Demo Account✅
LeverageNot mentioned
SpreadNot mentioned
Trading PlatformMT4(iOS/Android)
Min DepositNot mentioned
Customer SupportPhone: +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
RegulatedNegative review: Fraud
24/7 Customer SupportFew 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.

Is FEPM Legit?
Is FEPM Legit?

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✔
What Can I Trade on FEPM?

Account Type

FEPM has MT4 and MT4 demo accounts.

Account Type Supported
MT4 demo✔
MT4✔
Account Type

FEPM Fees

London gold is $0.50 per ounce and the silver is $0.04per ounce. Two metals' fee is $50 per hand.

FEPM Fees

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 PlatformSupported Available Devices
MT4✔iOS/Android
Trading Platform

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.

Deposit and Withdrawal
Deposit and Withdrawal

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
Email cs@fepm62.com
LIVE Chat ✔
Social Media Facebook
Supported Language Chinese/English
Website Language Chinese/English
Physical Address 10/F WOON LEE COMMERCIAL BUILDING NOS 7-9 AUSTIN AVENUE KLN
Customer Support Options
Customer Support Options
Customer Support Options

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