What Is FEPM？
Far East Precious Metal (HK) Limited, based in Hong Kong, is a subsidiary of the Golden Soar Limited International Group. As an accredited electronic trading firm regulated by the Chinese Gold and Silver Exchange Society (CGSE), FEPM specializes in providing professional online investment services in precious metals for global investors. With a valid business license for A1 market transactions, FEPM operates in various markets including 99 gold and HKD kilograms, London gold/silver, local silver, and more.
Pros & Cons
Pros:
Regulated by CGSE: FEPM is regulated by the Chinese Gold & Silver Exchange Society (CGSE), providing clients with a level of oversight and security in their trading activities.
Demo Account Supported: FEPM offers a demo account option, allowing clients to practice trading strategies and familiarize themselves with the platform's features without risking real funds.
MT4 Supported: FEPM supports the MetaTrader 4 (MT4) platform, a widely used and trusted trading platform known for its advanced charting tools, automated trading capabilities, and extensive range of technical indicators.
24/7 Customer Support: FEPM provides round-the-clock customer support, ensuring that clients can access assistance and guidance whenever they need it.
Cons:
Is FEPM Safe or Scam？
Regulatory Sight: FEPM, or Far East Precious Metal (HK) Limited, operates under regulatory oversight by the Chinese Gold & Silver Exchange Society (CGSE) in Hong Kong. The company holds a Type A1 License issued by the CGSE, indicating compliance with regulatory standards for its operations in precious metal trading. The license number for FEPM is 062.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
FEPM primarily offers trading instruments focused on precious metals such as gold and silver, along with oil. These instruments allow investors to participate in the trading of these commodities, which are known for their value and volatility in financial markets. FEPM specializes in providing professional online investment services for global investors interested in trading precious metals and oil, leveraging its expertise as an electronic trading firm accredited by the Chinese Gold and Silver Exchange Society.
Margin
FEPM offers margin requirements of 2% for trading London Gold and 3% for trading London Silver. TMargin requirements play a crucial role in determining the leverage and risk involved in trading precious metals, allowing traders to amplify their exposure to these assets with a relatively small initial investment.
Spreads & Commissions
FEPM offers competitive spreads for trading precious metals, with a spread of $0.50 per ounce for London Gold and $0.04 per ounce for London Silver under normal market conditions. However, during periods of high market volatility or insufficient liquidity, the spreads can widen to $0.70 for gold and $0.05 for silver. Additionally, FEPM charges a commission of $50 per hand for trading both London Gold and London Silver.
Trading Platform
FEPM offers its clients access to the MetaTrader 4 platform, a widely recognized and trusted trading platform in the industry. This platform allows users to execute trades, analyze markets, and manage their accounts efficiently. Users have the flexibility to access the platform directly from a web browser, making it convenient for trading on the go.
Additionally, the MetaTrader 4 platform is available for desktop users who prefer a more comprehensive trading experience. It also supports mobile trading, enabling users to trade seamlessly from their Android or iOS devices, providing flexibility and accessibility to the markets anytime, anywhere.
Deposit & Withdrawal
FEPM offers various deposit options for client convenience. The first method entails accessing the real account interface and transferring funds to a Hang Seng Bank account via a third-party payment platform. Alternatively, clients can directly deposit money into the Hang Seng Bank account and send the remittance e-receipt form to the designated email address (cs@fepm62.com).
Regarding withdrawals, clients must initiate the process through the real account interface and ensure their bank account details match those provided during registration.
If 40% of the total deposit amount remains unused for opening a position transaction or trading after the last deposit, a 3% handling fee will be levied. Additionally, withdrawals less than US$50 will incur a US$3 withdrawal fee. For instance, if Customer A deposits US$10,000 in a single transaction, a transaction volume of US$4,000 or more must be established for multiple times to cover the handling fee, which is borne by the company. Amounts below US$4,000 incur the fee at the customer's expense.
Conclusion
FEPM is a regulated broker with a business focus on precious metals, which provides 24/7 customer service and demo accounts. However, multiple fees are charged by FEPM, so users should be more cautious.
Frequently Asked Questions (FAQs)
Question: Does FEPM support MT4/5？
Answer: Yes, it does support MT4.
Question: Is FEPM regulated or not？
Answer: Yes, it is regulated by CGSE.
Question: Can I pay using cryptos？
Answer: No, you can't.
Question: Is there a demo account available？
Answer: Yes.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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