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Far East Precious Metal -

Score

6.50 /10
Average

Far East Precious Metal

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

Influence

D

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index7.02

Business Index7.45

Risk Management Index0.00

Software Index8.74

License Index7.04

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

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Far East Precious Metal (HK) Limited

Company Abbreviation

Far East Precious Metal

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2026-07-09
  • WikiFX has recorded a total of 11 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Survey

Far East Precious Metal

Hong Kong China

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

FEPM

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

2020-11-18 21:48
Unable to Withdraw

ACM and Far East Precious Metal's partnership cannot process withdrawals.

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.

2026-01-13 08:32
Others

The platform logged into my account and liquidated my account.

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.

2026-04-28 17:29
Unable to Withdraw

Unable to withdraw funds from ACM in partnership with Far East Precious Metals.

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.

2026-02-23 09:57
Scam

Recruiting mainland agents in violation of regulations, calling and sharing orders in violation of regulations

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

2022-02-27 18:15
Unable to Withdraw

Stay away from Far East platform, withdrawal is impossible.

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.

2025-07-19 07:54
Others

Shut down the server directly at 3 a.m. on Friday to deceive customers

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!

2023-11-04 03:46
Scam

Induced fraud, serious slippage

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.

2023-03-31 10:17
Scam

Unable to withdraw

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.

2026-03-09 13:38
Unable to Withdraw

Unable to withdraw

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.

2025-06-16 11:01
Unable to Withdraw

This platform does not have the qualification for high-leverage spot forex trading

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.

2026-03-04 18:15
    Far East Precious Metal · Company 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
    MT4✔iOS/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

    User Reviews

    More

    User comment

    10

    Comments

    Write a review

    ечная любов
    more than one year
    我入了2万美金，赚了1万，出金1万，平台一直不给出，两天后中午12点23分，我的邮箱收到一份修改密码的邮件，然后我就登录我的账户，发现怎么都登录不上，找客服，客服一直拖着，让我打印东西，发给他们给我重置，当我弄好以后发给他，他们把密码给我重置好以后，我登录上账户发现账户已经被他们平台给我刷单刷爆仓了，3万美金只剩1700了
    我入了2万美金，赚了1万，出金1万，平台一直不给出，两天后中午12点23分，我的邮箱收到一份修改密码的邮件，然后我就登录我的账户，发现怎么都登录不上，找客服，客服一直拖着，让我打印东西，发给他们给我重置，当我弄好以后发给他，他们把密码给我重置好以后，我登录上账户发现账户已经被他们平台给我刷单刷爆仓了，3万美金只剩1700了
    Translate to English
    +2
    2026-04-28 17:29
    Reply
    0
    0
    稳健跟单找 hjjyxt66
    6-12months
    喜欢和资管公司合作，数据造假，不给出金，利用pamm跟单系统，限制出金，最后彻底不给出
    喜欢和资管公司合作，数据造假，不给出金，利用pamm跟单系统，限制出金，最后彻底不给出
    Translate to English
    2026-03-09 13:38
    Reply
    0
    0
    11