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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

Far East Precious Metal

Hong Kong Hong Kong | 5-10 years |
Regulated in Hong Kong | Precious Metals Trading (AGN) | White label MT4 | Global Business | High Potential Risk

https://en.fepm62.com/

Website

Rating Index

License 7.04 Software 8.74 Risk Control 0.00 Business 7.43 Regulation 7.02
6.50

MT4/5 Verification

MT4/5

White Label

FarEast-Demo

Germany
Germany
MT4
7

Influence

D

Influence Index NO.1

Malaysia Malaysia 2.37
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

MT4/5 Verification

MT4/5 Verification

White Label

7
Server Name
FarEast-DemoMT4
Server LocationGermanyGermany

Influence

Influence

D

Influence Index NO.1

Malaysia Malaysia 2.37
Surpassed 76.80% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+852 35280868
https://en.fepm62.com/
11/F Hermes Commercial Centre, 4 Hillwood Road, Tsim Sha Tsui, Kowloon, Hong Kong

license Forex License 1

VPS Standard
No Broker Account Restrictions

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
  • WikiFX has recorded a total of 11 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

Basic Information

Registered Region
Hong Kong
Operating Period
5-10 years
Company Name
Far East Precious Metal (HK) Limited
Abbreviation
Far East Precious Metal
Employees
--
Email
cs@fepm62.com
Contact Number
+85235280868
Company Website
Address
11/F Hermes Commercial Centre, 4 Hillwood Road, Tsim Sha Tsui, Kowloon, Hong Kong
ечная любов

ечная любов

Verified

Hong Kong

I deposited $20,000, made $10,000, and tried to withdraw $10,000, but the platform wouldn't release it. Two days later, at 12:23 PM, I received an email asking me to change my password. I tried to log into my account but couldn't. I contacted the customer service, but they kept delaying, telling me to print something out and send it to them to reset my password. After I prepared and sent it to them, they reset my password. When I logged back in, I found that their platform had already liquidated my account through fraudulent trading. My $30,000 was down to only $1,700.

Exposure

稳健跟单找 hjjyxt66

稳健跟单找 hjjyxt66

Verified

Hong Kong

They actively collaborate with asset management companies, fabricate data, and restrict withdrawals. They use the PAMM copy-trading system to trap clients, first by limiting and then completely blocking all withdrawal requests.

Exposure

Kevin44461

Kevin44461

Verified

Hong Kong

In November, I deposited $10,200 into the ACM platform, but the account was actually opened under Far East Precious Metals. I have records of the deposit as proof, along with the MT4 account details. I have now been notified that my account is being closed and that withdrawals are not permitted—and even if they were, I would not be allowed to withdraw the full amount at once. I have attached screenshots below, including proof of the USDT purchased on OKX. Previously, I was told that the funds would be returned by February 15 and was asked to remove my mediation case here. I complied and deleted the mediation request, but so far, I have not received any refund. I still have numerous screenshots as evidence. I kindly request WikiFX’s assistance in mediating this issue. My demand is simple: a full, one-time withdrawal of the entire amount. Thank you very much for your help.

Exposure

Kevin44461

Kevin44461

Verified

Hong Kong

I deposited $10,200 USD into the ACM platform in November, but my account was opened with Far East Precious Metal. I have an MT4 account. I have now been informed that my account has been closed, and I am unable to withdraw funds. Furthermore, I cannot withdraw the entire amount in one transaction. Below are screenshots. My request is to withdraw the entire amount in one transaction. Thank you very much.

Exposure

FX1886147789

FX1886147789

Unverified

Hong Kong

This platform does not have the qualification for high-leverage spot forex trading. According to information provided by the Hong Kong Gold Exchange, Far East Precious Metals only has permission for physical gold trading. This platform engages in fraudulent activities. This platform conspired with the ACM platform, using monthly returns of 10%-15% and a 40%-60% profit split with the ACM platform as bait to lure users to deposit funds. Now, ACM uses the excuse of clearing mainland customers to refuse users' withdrawal requests. The funds are displayed in Far East Precious Metals, and the operational account is also with Far East Precious Metals. I deposited funds for ACM's managed trading precisely because of the connection with Far East Precious Metals, and now I cannot operate withdrawals.

Exposure

FX7578889022

FX7578889022

Unverified

Hong Kong

I started playing around with it last year, compared several companies, and felt that Far East Precious Metals is not bad. At least they have certification marks in Hong Kong, official certification is safe, and the spread isn't too high—still acceptable. The main thing is stability to avoid unnecessary trouble! I'm not very knowledgeable about it, just placing an order or two in my spare time, treating it as earning breakfast money!

Positive

Positive

FE7858

FE7858

Unverified

Hong Kong

Since stepping into this challenging and opportunity-filled field of financial investment, I have personally experienced countless ups and downs in trading, going through a growth process from confusion to confidence. Among the many trading platforms, FAREAST Precious Metals has undoubtedly been the most steadfast companion on my journey. Its professionalism and thoughtfulness have provided me with an unprecedented trading experience. Today, I would like to share some of my personal insights, hoping to offer some inspiration to friends who are seeking good investment opportunities. When I first logged into FAREAST Precious Metals' official website, I was immediately drawn to its clean and straightforward design. The registration process was clear and quick, with no redundant steps, making me feel the platform's attention to detail. From that moment on, the impression of FAREAST Precious Metals was imprinted with the label of 'professionalism.' Subsequently, my first interaction with the customer service team was also extremely smooth. They patiently answered every question I had, and this level of professionalism and enthusiasm filled me with anticipation for the upcoming collaboration. After actually starting to trade, the biggest feeling FAREAST Precious Metals gave me was a strong sense of security. The platform uses advanced encryption technology to protect user information, and every login requires two-factor verification, which made me feel deeply reassured about the safety of my assets. Additionally, fund transfers are smooth, and every transaction is within a controllable range, so I never had to worry about funds being delayed. The trading experience was quite enjoyable.

Positive

Positive

FX3915154955

FX3915154955

Unverified

Thailand

I've used three platforms, and currently, I find FAR EAST HONG KONG LIMITED to be quite satisfactory. I mainly value its fund security system and basic user experience. The customer service promptly provides guidance for beginners during operations, and it also carries the official certification mark from Hong Kong, which should be reliable. It's particularly suitable for a conservative precious metals investor like me.

Positive

Positive

FX8816952772

FX8816952772

Unverified

Hong Kong

Saw a QQ group in Alipay Gold discussion area, joined it and came to know about Far East platform. After making a profit, they accuse you of violation and suspend your account, making it impossible to withdraw your profits. Contacting Hong Kong Financial Centre or Securities Regulatory Commission leads to endless delays. If you face this issue, report immediately, freeze all their accounts and report their domestic agents.

Exposure

FX8816952772

FX8816952772

Unverified

Hong Kong

Upon profiting, they claim your account is involved in money laundering and refuse to allow withdrawals, constantly making excuses. Many domestic companies collaborate with this platform, enticing you to purchase on Alipay and QQ, first allowing you to profit, then causing you to lose it all. It's advised to immediately contact relevant national departments to thoroughly investigate domestic agents if encountered with such a problem, as they are all involved.

Exposure

duoqinghe

duoqinghe

Unverified

Hong Kong

While Buy was still active, FEPM actually shut down the server several hours in advance. The agent explained that it was because each Securities Firms had its own settlement time. It is understandable that there is a difference in settlement time. It can be settled and closed ten and a half hours before Buy is suspended. What does it mean to settle three hours in advance? ? The customer didn't know this setting at all, and the order didn't have time to handle risk prevention. Moreover, it was on the weekend. It can be said that the risk was left to the customer, and the customer's trading time was greatly shortened! ! ! ! So unscrupulous!

Exposure

327

327

Unverified

Hong Kong

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.

Exposure

FX2479205325

FX2479205325

Unverified

Hong Kong

FEPM recruited mainland agents in violation of regulations, calling and sharing orders in violation of regulations, damging the interest of investors and lead liquidation

Exposure

L.Y.J

L.Y.J

Unverified

Hong Kong

The agent of FEPM gives adverse recommendations, making me lose all my money. The payees’ accounts are all personal accounts.

Exposure

14
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Comment
MT4/5
White Label MT4
White Label MT4
2
MT4 Servers
0
MT5 Servers
31.00
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 4
Meta Trader 4
Perfect

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Official Website

Verified Site

  • United States fepm62.com
    104.31.86.202
  • Hong Kong 062fe.com
    47.91.153.136

Relationship Map

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Far East Precious Metal

Related Companies

Far East Precious Metal (HK) Limited(Hong Kong)
Hong Kong
Far East Precious Metal (HK) Limited(Hong Kong)
Active
Hong Kong
Registration No. 1409390
Est. Date
Source Official Statement

Company Profile

Company Profile

Review summary

FEPMReview Summary
Founded2018-09-26
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsGold, Silver, and Oil
Demo Account
LeverageNot mentioned
SpreadNot mentioned
Trading PlatformMT4(iOS/Android)
Min DepositNot mentioned
Customer SupportPhone: +852-22860800
Email: cs@fepm62.com
Live Chat
Social Media: Facebook

FEPM Information

FEPM is an electronic trading firm that provides precious metal investment services and 24/7 customer support. The firm also has MT4 and MT4 demo accounts.

Pros and Cons

Pros Cons
RegulatedNegative review: Fraud
24/7 Customer SupportFew trading product types
MT4 available

Is FEPM Legit?

CGCSE regulates FEPMand the license number is 062. Regulated brokers are safer than unregulated brokers, but risks are inevitable.

Is FEPM Legit?
Is FEPM Legit?

What Can I Trade on FEPM?

FEPM provides metals, such as gold, silver, and oil for traders to trade.

Tradable Instruments Supported
Gold
Silver
Oil
What Can I Trade on FEPM?

Account Type

FEPM has MT4 and MT4 demo accounts.

Account Type Supported
MT4 demo
MT4
Account Type

FEPM Fees

London gold is $0.50 per ounce and the silver is $0.04per ounce. Two metals' fee is $50 per hand.

FEPM Fees

Trading Platform

FEPM has an authoritative MT4 trading platform and traders can choose different versions, such as iOS and Android. Compared with MT5, junior traders prefer MT4.

Trading PlatformSupported Available Devices
MT4iOS/Android
Trading Platform

Deposit and Withdrawal

The minimum deposit is unknown. FEPM offers Hang Seng Bank accounts for deposits and withdrawals and traders can also remit money into Hang Seng Bank account through a third-party payment platform. Withdrawals will be charged a certain fee. If the withdrawal is less than $50, traders will pay a $3 handling fee.

Deposit and Withdrawal
Deposit and Withdrawal

Customer Support Options

FEPM provides 24/7 customer support and traders can communicate via phone, email, and live chat.

Contact Options Details
Phone +852-22860800
Email cs@fepm62.com
LIVE Chat
Social Media Facebook
Supported Language Chinese/English
Website Language Chinese/English
Physical Address 10/F WOON LEE COMMERCIAL BUILDING NOS 7-9 AUSTIN AVENUE KLN
Customer Support Options
Customer Support Options
Customer Support Options

Company Profile

  • 5-10 years
  • Regulated in Hong Kong
  • Precious Metals Trading (AGN)
  • White label MT4
  • Global Business
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of Far East Precious Metal?

Far East Precious Metal is a regulated entity, primarily authorized for Precious Metals Trading by the Hong Kong Gold Exchange. Operating for 5-10 years from its base in Hong Kong with a global business scope, the broker presents a regulated profile. According to WikiFX assessment, it holds a SkyEye score of 7.65/10, indicating a solid operational evaluation.

04-02
United States

What regulatory licenses does Far East Precious Metal hold?

Far East Precious Metal holds one verified license. It is authorized by the Hong Kong Gold Exchange (HKGX) under license number 062 for Precious Metals Trading, with the holding company being Far East Precious Metal (HK) Limited. This provides it with regulated status in its specific operational niche.

04-02
United States

Is Far East Precious Metal suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Far East Precious Metal or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with Far East Precious Metal?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States
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User Comments14

All (14) Positive (3) Exposure (11)
FE7858
FE7858
3-5 years
Positive
First time logging into Far East Precious Metals' official website
Since stepping into this challenging and opportunity-filled field of financial investment, I have personally experienced countless ups and downs in trading, going through a growth process from confusion to confidence. Among the many trading platforms, FAREAST Precious Metals has undoubtedly been the most steadfast companion on my journey. Its professionalism and thoughtfulness have provided me with an unprecedented trading experience. Today, I would like to share some of my personal insights, hoping to offer some inspiration to friends who are seeking good investment opportunities. When I first logged into FAREAST Precious Metals' official website, I was immediately drawn to its clean and straightforward design. The registration process was clear and quick, with no redundant steps, making me feel the platform's attention to detail. From that moment on, the impression of FAREAST Precious Metals was imprinted with the label of 'professionalism.' Subsequently, my first interaction with the customer service team was also extremely smooth. They patiently answered every question I had, and this level of professionalism and enthusiasm filled me with anticipation for the upcoming collaboration. After actually starting to trade, the biggest feeling FAREAST Precious Metals gave me was a strong sense of security. The platform uses advanced encryption technology to protect user information, and every login requires two-factor verification, which made me feel deeply reassured about the safety of my assets. Additionally, fund transfers are smooth, and every transaction is within a controllable range, so I never had to worry about funds being delayed. The trading experience was quite enjoyable.
Positive
Positive

Hong Kong

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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com