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

East

China|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.east-century.com/En

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
EastCenturyGroup-Demo MT5
Server Location Japan

Contact

info@east-century.com
https://www.east-century.com/En
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Disclosure

Warning

SG MAS
2021-06-02

Broker Information

More

Company Name

East Century Group Limited

Company Abbreviation

East

Platform registered country and region

China

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    East · Company Summary

    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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    Comments

    Write a review

    郑金来
    more than one year
    Damn platform, scammed me out of nearly $5,000 and then ran away. I couldn't get in touch with their staff, and they blocked me. And no friends know that I can still get my money back? If I can help you get it back, I am willing to give you half of it!
    2022-12-13 15:31
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