East Century Group is an unlicensed MT5 Forex broker, that opened on January 22nd 2021. They are now out of business.
The brokers official website is at: https://East-Century.com/.
For complaints and withdrawal problems, read this.
East Century Group Review
Our review of East Century finds, that their investors & day traders can use the industry leading MT5 trading app. They offer the full suite of MetaTrader trading software including; Metatrader 5 Desktop version along with the Mobile Apps for Android & iOS.
The broker is officially owned by a company called East Century Group Limited, and they are located somewhere in Anhui, China. No phone number is listed on this brokers website, however they show a contact email address of: [email protected].
New investors at East Century will find the standard range of underlying assets available for trading including: Forex, Stocks, Metals, Market Indexes, Crypto Currency and Oil. East Century Croup’s trading platform and website is available in either Japanese, Chinese or English.
Fake Investment Advisors
If you are like most new investors interested in making money in Forex trading, you may have seen “money managers” flaunting their wealth on Instagram and Telegram. Alternatively, you may have been contacted via WhatsApp or Tinder.
Before following a Forex trader, you should know that most of these people are usually a fraud! They are setup as “Introducing Brokers”, and they are looking to profit from your trading volume. Look at the FCA regulated brokers, and you will see that none of them offer investment advice.
First educate yourself about how Forex trading works, and explore the “copy trading” features at regulated brokers like AvaTrade.
Is East Century a Legit Broker?
No, East Century is not a licensed or regulated broker!
When we opened a trial trading account, the confirmation email came from: [email protected]. Which leads us to believe this broker is somehow connected with Clearing Falcon.
Smart investors researching a new broker to see if they are legitimate or a scam, will always verify their regulatory license. All Forex, CFD & Crypto brokers must be licensed and regulated by your governments financial regulator. By using a licensed broker, you can be assured that they are regulated and operate in a fair manner and your money is in segregated bank accounts.
If you are having problems making a withdrawal from your broker, read this.
Compare Licensed Brokers
There are many so many licensed Forex brokers online to choose from, so first try this one!
Pepperstone is a popular online broker, that is regulated by ASIC Australia and the FCA United Kingdom, see here.
They offer new traders an easy to use trading app, and Free Demo Accounts. Read more at: Pepperstone.com.
Are you currently investing with this broker? Please take a minute and share your experience in the comments below.