Global Forex Broker Regulatory Inquiry APP

Score

7.15 /10
Good

FEPM

Hong Kong

2-5 years

Regulated in Hong Kong

Type A1 License

MT4/5 White Label

Regional Brokers

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

License Index 7.02
Business Index 6.51
Risk Management Index 9.51
Software Index 6.32
Regulatory Index 6.99
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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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Pyramid scheme complaint
Expose
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

Broker Information

Company Name

Far East Precious Metal (HK) Limited

Company Abbreviation

FEPM

Regulatory Status

Regulated

Platform registered country and region

Hong Kong

Company website

Company address

  • 10/F WOON LEE COMMERCIAL BUILDING NOS 7-9 AUSTIN AVENUE KLN

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

  • cs@fepm62.com

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