East Century – Is Trusting Them a Good Idea?

Website URL: https://east-century.com

Founded: 2021

Regulations: Unregulated

Languages: English, Chinese, Japanese

Deposit Methods: Credit Card

Minimum Deposit: $10

Free Demo Account: Yes

Number of Assets: N/A

Types of Assets: Forex, Indices, Metal, Oil

Trading Accounts and Conditions

East Century is a very suspicious website that masks its true nature through a flashy website to make it look like that they are legitimate and have a license. However, with so many red flags on their website alone, it is hard to say if East Century is one firm that can be trusted with your funds. There’s not much information about East Century’s account offerings as they don’t talk about it on their website.

Clicking on the create account button transports you to another link, with the language set by default in Chinese. That said, it is clear that they only have one account available to all the people. By not having flexible account choices, account owners are forced only to use an account that, in the first place, isn’t something they want. Taking away this opportunity and selection is one of the red flags we’re talking about.

According to their website, they offer only Indices, Metal, and Oil for their trading options. However, upon account creation, you’ll also be able to do Forex Trading. East Century is very confusing, and it is clear that they don’t know what to and not include in their website. Instead of using East Century, it is suggested to go for a broker that provides everything to their clients.

East Century – Advantages

• MetaTrader5 Platform Implementation

With MetaTrader4’s success, many traders have clamored for another trading platform, to which the developers responded with MetaTraderr5. MetaTrader5 is a well-known trading platform that took MetaTrader4’s best features and improved it. It is still user-friendly, and even beginners would have an easy time learning MetaTrader5’s ins and outs.

The platform included on their website is the only thing that we think will attract people. However, we still don’t suggest investing their money in East-Century since, most likely, this broker is a scam.

East Century – Disadvantages

• Unlicensed Operation

East Century doesn’t reveal that much about themselves, and even on the website, you’ll find nothing as proof of their identity or to prove that a financial authority regulates them. The only thing that they have provided is a company name behind the website, which is East Century Group Limited. Using this as a basis for research, we came back only empty-handed and have concluded that this entity is only made up and is being used to fool many people.

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• Information Theft

The largest and most important red flag that we have with East Century is stealing information from their clients. Apparently, after registering, East Century is asking for credit card information. It’s not the “beating around the bush” type of tactic, but East Century is very straightforward with their wants. After creating an account, they will prompt the client to upload their credit card information, providing an image of both the credit card’s back and front parts.

Understand that it is common for online shops and services to ask for credit card information to process payments, but it is not as much as this, asking for everything that is carved on the card. We advise you to protect yourself from online information theft all the time and only give out info to those that you trust a lot.

• Lack of Contact Links

Besides being anonymous, East Century also lacks contact information on their website, which is a crucial feature since not every service online is flawless; therefore, there are times to expect that things will go wrong. Having handy contact links will make clients feel safe about their funds, and since East Century doesn’t have that much, only an email address, likely, they aren’t someone you should trust.

• Predatory Schemes and Advertisements

East Century is very sketchy when it comes to their determination to get their clients to invest in their website. Many users report that they are often receiving calls from East Century themselves, convincing them to deposit money as soon as possible. Any legitimate and regulated broker won’t do this, as their service alone is good enough to have their customers deposit cash by themselves. They don’t have to convince them since clients know that they can be trusted with money.

Aside from that, they also run predatory advertisements that fish for different people’s contact information. It is so that they can convince them to join and have them deposit more money.

One of the most important things to remember when dealing with brokers is urgency, and if they are provoking or rushing things out for you, then it is most likely that they are a scam and are only going for your funds.

• Limited Deposit Methods

After registering on their website, we have discovered that they are only allowing credit card deposits. Although this method is considered secure by many, it is still advantageous for a broker to have more than one deposit method.

• Sketchy Withdrawal Policies

In the first place, East Century’s website is already sketchy enough, as they don’t provide much transparency and information about their terms and conditions. Even if they do, it’s way too hard to understand, and it will undoubtedly confuse the clients’ side. One sure thing, however, is that East Century will do their best to prevent you from withdrawing any funds from your account, and in return, they will do their best to push you to deposit more money.

Conclusion

East Century has so many red flags on their website alone, and one of the most obvious ones is their instructions to their clients to give them the images of the front and back of their credit cards. Not only is it information theft, but they’re also trying to get access to these credit cards, and who knows what they will do with them.

In conclusion, East Century should never be on your list of brokers because everything about their scam checks out. They are unregulated and anonymous, which only spells disaster in the long run.

East Century

2.3

User Experience

2.8/10

Payment Options

2.4/10

Security

2.0/10

Support

2.1/10

Reputation

2.2/10

Pros

• MetaTrader5 Platform Implementation

Cons

• Unlicensed Operation
• Information Theft
• Lack of Contact Links
• Predatory Schemes and Advertisements
• Limited Deposit Methods