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Score

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

East

China|2-5 years|
Suspicious Scope of Business|High potential risk|

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

Website

Rating Index

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

Contact number

Other ways of contact

Broker Information

More

Company Name

East Century Group Limited

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 : 2024-11-23
  • 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

East · WikiFX Survey

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East · Company Summary

Note: East's official website: https://www.east-century.com/ is currently inaccessible normally.

EastReview Summary
Founded1995
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsForex, commodities, indices, CFDs
Demo Account
Leverage1:100
EUR/USD SpreadFixed, 1 pip
Trading PlatformMT5
Min Deposit$100
Customer SupportEmail: info@east-century.com

Established in 1995, East is a forex broker registered in China, offering various trading options, including Forex, commodities, indices, and CFDs via the leading MT5 platform. However, East operates without regulatory oversight from any reputable financial body.

logo

Pros and Cons

ProsCons
Diverse trading choicesUnregulated status
Demo accounts supportedInaccessible website
MT5 platformLimited payment options
Only email support

Is East Legit?

No, East is not regulated currently. Please be aware of the risk!

Is East Legit?

What Can I Trade on East?

Tradable Instruments Supported
Forex
CFD
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Account Type

East offers a demo account for traders to practice with. However, the details for specific live account types are not mentioned.

Leverage

East Century provides leverage up to 1:100 – while not by much, this is still more than what regulatory bodies have deemed appropriate for retail traders.

Spread

As for the spread, we learn that the EUR/USD spread on the demo account is 1 pip fixed, a favourable Buy/Sell difference for traders.

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.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5/Experienced traders
Trading Platform

Deposit and Withdrawal

East accepts deposits via credit cards – this is quite beneficial. East has set its minimum deposit at $100.

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