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East
China|2-5 years| https://www.east-century.com/En
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No valid regulatory information, please be aware of the risk!
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East Century Group Limited
East
China
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- 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!
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East · Company Summary
Note: East's official website: https://www.east-century.com/ is currently inaccessible normally.
| EastReview Summary | |
| Founded | 1995 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | Forex, commodities, indices, CFDs |
| Demo Account | ✅ |
| Leverage | 1:100 |
| EUR/USD Spread | Fixed, 1 pip |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Email: 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.
Pros and Cons
| Pros | Cons |
| Diverse trading choices | Unregulated status |
| Demo accounts supported | Inaccessible website |
| MT5 platform | Limited payment options |
| Only email support |
Is East Legit?
No, East is not regulated currently. Please be aware of the risk!
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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | / | Experienced traders |
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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