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East Century-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-11-22 17:31

Abstract: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.

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.

LeverageBrokerDealerCurrency PairForex tradingForex Broker

Related broker

No Regulation
East
Company name:East Century Group Limited
Score
1.50
Website:https://www.east-century.com/En
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

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