No sign that Far East Precious Metal actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

11 user exposure/complaint reports filed
Withdrawal complaints in ~93% of recent reviews
No verifiable website or social-media presence

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	100	12%
Offshore registration	45	8%
Transparency (site/info/social)	53	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameFar East Precious Metal (HK) Limited

Headquarters🇭🇰 Hong Kong

Founded2019-11-20

Years operating5-10 years

Employees0

Official websitefepm62.com

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

11/F Hermes Commercial Centre, 4 Hillwood Road, Tsim Sha Tsui, Kowloon, Hong Kong

Regulation & licenses · 1

Regulator	License type	License No.	Region	Status
HKGX	Precious Metals Trading (AGN)	062	Hong Kong China	Regulated

Review analysis AI

Far East Precious Metal operates under the niche HKGX regulation for precious metals, which offers limited investor protection compared to mainstream regulators. The lack of publicly available trading terms, such as spreads and commissions, combined with a Guarded risk score, indicates that traders should exercise caution and conduct thorough due diligence before engaging with this broker.

Best for

Traders focused exclusively on precious metals
Users who prefer the MT4 trading platform
Traders seeking a demo account to test strategies

Not for

Traders requiring a broad range of asset classes
Those who prefer regulation by a major financial authority
Investors looking for transparent fee disclosures

Period:

What users complain about

What users praise

Where reviewers are from

Hong Kong13

Thailand1

Real user reviews

Where Far East Precious Metal operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇲🇾 Malaysia

🇭🇰 Hong Kong 11 complaints

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Far East Precious Metal says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

FEPM is an electronic trading firm that provides precious metal investment services and 24/7 customer support. The firm also offers MT4 and MT4 demo accounts.

About Far East Precious Metal

Who Is Far East Precious Metal?

Far East Precious Metal (FEPM) is an electronic trading firm established on 20 November 2019 and registered in Hong Kong. The company operates from its office at 11/F Hermes Commercial Centre, 4 Hillwood Road, Tsim Sha Tsui, Kowloon. FEPM specialises in precious metal investment services, catering to traders interested in gold, silver and other precious metals.

The firm is regulated by the Hong Kong Gold Exchange (HKGX) under a Precious Metals Trading (AGN) licence, which is a niche regulatory framework specific to precious metals trading. While HKGX provides oversight, it is not a mainstream financial regulator like the SFC or FCA, which traders should consider when assessing the level of investor protection.

Trading Platforms and Accounts

FEPM offers the widely used MetaTrader 4 (MT4) platform, known for its advanced charting tools, automated trading capabilities and custom indicators. Both live and demo accounts are available, allowing traders to test strategies in a risk-free environment before committing real funds.

The broker does not publicly disclose detailed account tiers, spreads or commission structures on its website, so traders would need to contact the firm directly or open an account to obtain specific trading conditions. The availability of a demo account is a positive feature for evaluating the platform's performance.

Market Instruments

As a precious metals specialist, FEPM primarily offers trading in gold, silver and potentially other precious metals. The use of MT4 suggests these are likely offered as contracts for difference (CFDs), allowing traders to speculate on price movements without owning the underlying asset.

There is no mention of forex, indices or other asset classes on the official site, indicating a focused product range. Traders seeking diversification may need to look elsewhere, but those with a specific interest in precious metals may find the broker's specialisation appealing.

Funding and Support

FEPM advertises 24/7 customer support, which is a notable commitment for a relatively small broker. However, specific payment methods, withdrawal policies and minimum deposit requirements are not detailed on the public-facing website.

Given the lack of transparent financial information, potential clients should verify funding and withdrawal procedures directly with the broker before depositing funds. The relatively high FXCanary Scam Risk Score of 41/100 (Guarded) suggests a degree of caution is warranted.

Overview compiled by FXCanary from regulatory records and public data. full Far East Precious Metal review