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

Far East

Hong Kong|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|Clone Firm Hong Kong|High potential risk|

http://en.fe062.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FarEast-Demo MT4
Server Location Chile

Contact

4008080802
cs.fepm@fe062.com
http://en.fe062.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

4008080802

Traditional Chinese(HK)

(00852) 37045610

Broker Information

More

Company Name

远东贵金属(香港)有限公司

Company Abbreviation

Far East

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-28
  • The claimed China Hong Kong CGSE regulation (license number: 062) is verified as a clone firm. Please pay attention to the risk!
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

Induced fraud by Far East

I was induced to trade in Far East .When I operated,the platform change the deposit channel.It claimed that it was the system upgrading that led to my account liquidated.I make a complaint on it and ask for a reasonable explanation.My QQ number is 2312930944.

2018-11-27 21:42
Scam

Far east fraud account, malicious shout sheet, no return

I was inexplicablelocated to a "changsheng cup investment tournament" stock exchange WeChat group On November 30, 2017, in which the teacher bai zawa would give the day's market analysis and stock recommendation, and asked the group of friends to vote for the teacher video investment tournament can get the stock war.On December 14, 2017, the stock group dissolved and formed a new "white jersey army" and began to teach gold speculation.The teacher in the group asked us to open an account in the far east and gave us a designated QQ account, and asked us to open an account and send it to her for registration. Besides, we also required the operation of deposit, and distinguished the title and operation requirements of members according to the amount of deposit.Since December 16, 2014, the teacher will call for single operation every day, which is usually 70% or 80% warehouse operation, sometimes requiring full warehouse operation.For me, who just started to contact gold, I did not know how to operate and control positions, so I could only follow the teacher and hope to make money.As a result, the teacher's single will often stop loss out until the explosion.By the time of the Spring Festival in February 2017, the account was already at a huge loss.From February 5, 2018, the teachers and "group friends" in the group could not be contacted.

2018-11-15 23:08
Scam

It is a dealing-desk platform

The scam platform is only to rip you off. All your fund hasn’t flowed into the market but this dealing-desk platform. Its agent will made you suffer losses deliberately. This platform is also in collusion with an Australian broker without license. The website is http://www.agerfx.com/index.php. Take heed on it.

2020-03-01 02:51
Resolved

Far East scam

I was pulled into a stock group and a live-broadcasting room,in which teacher Xin Fang taught on stock.At first, I didn’t enter it.But many said they have earned money.I added teacher’s QQ 2639625947 and the analyst’s Wechat wutong6484wutong6484.I entered the live-broadcasting room,in which the stock recommended made us losses.The teacher said it was OK and advised us to trade gold.I didn’t open the account at first.The teacher told everyone that he wouldn't ask everyone to operate without $5,000, and then everyone in the group said that gold was profitable to induce me to open an account. Then I followed the account opening. As a result, the teacher gave the order recommendation at the 1365 pips in the live broadcast.He operated and told everyone to set up three dollars to take the profit. When the gold comes down, I asked him on WeChat ,they all told me that was OK, and the market would go up.Then the teacher said that he wanted to prepare the fund and then asked me to follow the analyst.The result was a loss.Later, my gold dropped to around 1320, which made my account liquidated.The fraud fooled my money like this, breaking up my family. I couldn’t break even.After I reported to Far East platform, they shirked their responsibilities, saying that the agent and the platform had no relationship. They just joined together and cheated my money. All investors must be cautious.

2018-09-29 18:31

    User Reviews

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    loverage
    more than one year
    I fell for their gold trading pitch – a disaster. Massive losses, borrowed money, and shattered dreams. Far East plays dirty with a dealing-desk strategy, trapping your funds. Complaints about induced fraud, mysterious account liquidations – it's a mess.
    2023-12-15 19:07
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    0
    0
    bondadultima
    more than one year
    In terms of trading conditions, Far East offered a variety of trading products and competitive spreads, but the leverage offered was somewhat limited. The minimum deposit requirement was reasonable, however, the margin requirements were somewhat high. While Far East claimed to be regulated, it was not clear which regulatory body was overseeing the company. This lack of transparency made me somewhat uncomfortable and I was not always confident in the security of my funds.
    2023-04-04 10:52
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    0
    bondadultima
    more than one year
    As a former trader who has had experience with Far East, I can say that my overall experience with this company was mixed. While the platform was generally stable and I did not experience any major issues with slippage, I did encounter some difficulties with depositing and withdrawing funds. It was not always easy to access customer service and sometimes the response time was slow.
    2023-04-04 10:52
    Reply
    0
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