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Contract reading

What Far East Precious Metal legally published, but does not want you to read

Every clause below is published by Far East Precious Metal itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Far East Precious Metal (HK) Limited

sole discretionwithdrawalshidden feelanguage arbitragedeemed acceptanceunilateral amendmentdormancyforum waiverkyc freezeprofit voiding

Far East Precious Metal publishes only a cookie policy and a privacy policy in public. The real contract sits inside the signup form, behind the box you tick to agree. It lets the firm lend your money to itself, gives you one day to object to a statement you may never receive, and takes 5% of any deposit you decide not to trade. That 5% was 3% in February.

Back to Far East Precious Metal

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
22
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
10
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 22 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning13
Notice3

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical5%Fee you were not shown. Jump to the clause this comes from.5% taken from deposits you decide not to tradeCritical1 daysTime to complain. Jump to the clause this comes from.One day to object, even to a statement you never gotCritical$10In the contract. Jump to the clause this comes from.Sold to beginners, written for professionals only$100Fee on an unused account. Jump to the clause this comes from.Account closed after three months under $100

What the documents say

22 clauses worth knowing about, worst first, each quoted from Far East Precious Metal's own files

01

Clause 28 lets Far East Precious Metal pledge, re-pledge, invest or lend your money, either on its own or mixed with other clients' money, to itself or to anyone else. It does not have to tell you first.

Why this matters

Your deposit is not sitting in a separate account waiting for you. It can be working for the firm, and the same contract tells you that if the firm fails you queue behind its secured creditors as an unsecured one.

Exhibit 1CriticalRarely seen

客戶在此亦授權遠東貴金屬將客戶作為證金或擔保物的任何證券或其它財物，以單獨或者與其它客戶的財產一起的形式，抵押、再抵押、投資或借於遠東貴金屬自身或其他方。
Clause 28 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.10
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in segregated accounts and cannot use it for their own business. This contract says the opposite twice: your property can be lent to the firm, and on insolvency you have no priority claim.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingRe-pledging client property is a wholesale finance device. Written into a retail metals agreement, and pointed at the firm's own balance sheet, it converts your deposit into funding for the company you are trading against.

  • Worse together with Exhibit 21The contract admits this trading sits outside the Securities and Futures Ordinance, so no client money rulebook stands behind the deposit that clause 28 allows the firm to lend.
  • Worse together with Exhibit 17Clause 7 lets the firm merge your accounts and set balances off against each other, so the property clause 28 holds as collateral can be moved between them without notice.
02

Change your mind and ask for your money back, and Far East Precious Metal keeps 5% of it. Item 5 of the deposit and withdrawal guide charges that fee unless you have traded volume equal to 100% of everything you paid in.

Why this matters

Deposit $10,000, think better of it, and $500 is gone before you have placed a single trade. The only way to avoid it is to trade the full amount, which is what the fee is there to make you do.

Exhibit 3CriticalRarely seen5%New

If 100% of the total deposited amount has never been used to open positions, or if no positions have been opened since the most recent deposit, a 5% processing fee will be charged upon withdrawal.
Clause 5 in Guide to deposit and withdrawal
Read from the broker's site on Open the reference
Our own capture of fepm62.com, taken on Sep 5, 2026The claim, on Advantages strip on the English homepage, above the caption Fast process, transparent fundsVisit this page on the broker's siteDownload the full size image file
Our own capture of fepm62.com, taken on Sep 5, 2026What the contract says, clause 5Visit this page on the broker's siteDownload the full size image file

What it costsA $10,000 deposit that is never traded returns $9,500. In February the same deposit returned $9,700, and only $4,000 of trading was needed to avoid the charge at all.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before they trade, and cannot make the return of a client's own uninvested money conditional on trading volume.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingThis is a bonus lock without a bonus. The turnover condition is attached to your own untouched deposit rather than to money the firm gave you, so the penalty falls on capital you have never risked.

  • Only applies after Exhibit 13Clause (k) is what allowed this fee to rise from 3% to 5% by simply appearing on the website, with your continued use counted as agreement.
  • Worse together with Exhibit 11A small withdrawal can attract the 5% and the flat $20 charge together, because the $20 applies whatever your trading volume.
03

You get one day to object in writing to any trade confirmation or account statement, under clause 11. After that it is final and binding. Clause 11 also says that not receiving the report does not excuse you from objecting to it.

Why this matters

A wrong price or a trade you never placed becomes permanently yours 24 hours later. Clause 12 treats post as delivered the moment it is sent, whether or not it reaches you, so the clock can run out before you know anything happened.

Exhibit 2CriticalRarely seen1 days

訂單的確認報告和客戶的帳戶報表將被視作正確、終結性並對客戶具有約束力，除非客戶在收到遠東貴金屬平台或其它方式送達報告一日之內立即作出反對並以書面形式確認。
Clause 11 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.7
Read from the broker's site on Open the reference

What it costsA statement issued on a Friday is final by Saturday. If it was posted rather than shown to you, the day can pass before the envelope arrives.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must run a complaints procedure that gives retail clients months, and must escalate to an independent ombudsman. This contract gives you a day and names no external scheme.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingShort complaint windows are common. A window of one day that expressly survives the client never receiving the document is not: it removes the one fact a client would normally rely on to explain a late objection.

  • Worse together with Exhibit 15Miss the one day and the only route left is arbitration in Hong Kong conducted in English, which is not the language you were sold in.
04

Suspicion alone is the test. If Far East Precious Metal suspects an account of manipulating its prices or platform, clause (f) lets it deduct the profit that activity earned, and clause (e) lets it hold your withdrawals until the matter is resolved.

Why this matters

Nothing has to be proved and nobody outside the firm decides. The contract puts no deadline on the investigation, so the hold on your money can last as long as the firm wants it to.

Exhibit 5CriticalHarder than usual

若遠東貴金屬懷疑任何帳戶從事操控，遠東貴金屬保留對帳戶進行調查及覆核的權利，並從涉嫌帳戶中扣除由相關活動所賺取的盈利款項。
Clause (f) 價格、訂單執行及平台操控 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.4
Read from the broker's site on Open the reference
  • Worse together with Exhibit 2The deduction lands on a statement you then have one day to challenge, and the firm alone judges the dispute.
05

Far East Precious Metal runs an account type labelled for mainland users, tells domestic clients to contact regional agents, and settles deposits in yuan. The English footer on the very same pages says the site is not directed at residents of the People's Republic of China or Hong Kong.

Why this matters

The disclaimer is the sentence a firm reaches for when a client complains or sues. If you are in mainland China, the site sold to you in your own language and wrote down, in English, that it was never speaking to you.

Exhibit 4CriticalHarder than usual

The information on this site is not directed at residents of the United States, Germany, the People’s Republic of China and Hong Kong SAR of PRC and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Quoted in Cookie政策
Read from the broker's site on Archived copyOpen the reference
Our own capture of fepm62.com, taken on Sep 5, 2026The claim, on Notes at the foot of the Chinese company profile page, under 備注說明Visit this page on the broker's siteDownload the full size image file
Our own capture of fepm62.com, taken on Sep 5, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 14The exclusion sits in English while the sales pages, the account types and the payment terms that contradict it are all in Chinese.
06

The homepage sells gold trading from $10 and calls the mini platform essential for beginners. The contract says this product suits only professional institutions or people whose money can absorb losses far beyond what they deposited.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

That clause is not advice, it is a defence. If you lose more than you put in, the firm can point at the sentence saying you were never the right customer, in a document you saw only as a tick box.

Exhibit 6CriticalHarder than usual$10

OTCGOLD 交易僅適於專業機構或人士，其財力可以承受也許遠超過保證金或存款金價值的損失。
Clause 客戶告鑒 1 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.3
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA or under ESMA rules must give retail clients negative balance protection, so a loss cannot exceed the account balance. This contract says losses may far exceed your deposit and treats the product as unsuitable for retail clients in the first place.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What Far East Precious Metal promises depends on which language you read

The Chinese pages build an account type for mainland users and settle deposits in yuan, while the English footer on those same pages says the site is not directed at residents of mainland China or Hong Kong. The English homepage sells gold from $10 to beginners; the contract restricts the product to professionals who can lose more than they deposit. The two Trading Rules pages even state different margin requirements, and the agreement says the Chinese version wins.

Language arbitrage1 clause flagged

The Chinese trading rules ask $2,000 a lot to hold gold. The English version of the same page asks 2% of what the metal is worth. Both are live today, and the contract says the Chinese text wins.

Why this matters

Margin decides when your positions get closed out. If you read the English page you are working from a number the firm stopped using, and the contract has already told you that version does not count.

Exhibit 14WarningHarder than usualNew

倫敦金爲 $2,000.0(每手)
Clause 4 in 交易細則
Read from the broker's site on Open the reference

What it costsOne gold lot is 100 ounces. The Chinese page asks a flat $2,000 to hold it. The English page asks 2% of what those 100 ounces are worth, which is a different figure every day.

  • Only applies after Exhibit 13The Chinese page was updated under the amendment clause and the English page was left behind, which is how one product came to have two published margin rules.

Leaving costs 5%, and the price list can change without notice

Far East Precious Metal charges 5% of any deposit you withdraw without trading it, plus $20 on anything under $600, and it converts yuan at a fixed 7.0 in both directions. Clause 13 of the contract lets it add commissions and charges with no notice at all, drawing on a list that includes an idle account fee nobody has priced. Holding gold overnight costs 6% and silver 8%, with Wednesday charged as three days.

Cost disclosure4 clauses flagged

Clause 13 says Far East Precious Metal may charge commissions, fees and charges without notice, and take them straight out of your balance. The list it can draw on includes an idle account fee and an order cancellation fee, neither of which is priced anywhere.

Why this matters

A charge can appear on your account with no warning and no published rate. The contract also adds interest at the firm's prime rate plus 3% on anything it decides you owe.

Exhibit 8WarningHarder than usual

遠東貴金屬可能不經通知收取佣金、費用及/或收費。
Clause 13 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.8
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before they trade and cannot introduce a fee silently. This contract reserves the right to charge without notice.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Keep a gold buy position open overnight and Far East Precious Metal charges 6%, silver 8%. Sell positions earn 1%. Wednesday is charged as three days, and the firm sets the rate itself and posts it in the platform.

Why this matters

Buying and holding is the one thing most gold customers want to do, and it is the side that pays. The English page drops the Wednesday triple charge entirely and translates the buy and sell labels into words that mean nothing.

Exhibit 9WarningHarder than usual6%

在日結時，所有未平倉合約将自動轉入下一天，所有被轉到下一天的未平倉合約，客戶均需支付利息，星期三計算三日利息，利息将會在客戶賬戶中扣除。
Clause 7 in 交易細則
Read from the broker's site on Open the reference

Every deposit and withdrawal in yuan is converted at a fixed rate of 7.0, whatever the market rate is that day. Item 6 applies it in both directions.

Why this matters

The gap between 7.0 and the real rate is a charge you never see itemised, and you pay it twice, once on the way in and once on the way out.

Exhibit 10WarningHarder than usual7

For all client deposits and withdrawals in CNY, the exchange rate is fixed at 7.0 for settlement.
Clause 6 in Guide to deposit and withdrawal
Read from the broker's site on Open the reference

Ask for less than $600 and Far East Precious Metal takes $20, no matter how much you have traded. Item 7 waives it only when you are closing the account.

Why this matters

On a $200 withdrawal that is a tenth of your money. Item 4 then deducts the charges of the paying bank, the intermediary bank and the receiving bank on top, none of them priced.

Exhibit 11WarningHarder than usual$20

If a single withdrawal is less than US$600, a withdrawal fee of US$20 will be charged, regardless of whether the trading volume is sufficient. (Excluding account closure.)
Clause 7 in Guide to deposit and withdrawal
Read from the broker's site on Open the reference

What it costsWithdraw $200 and $180 arrives before any bank charges. Withdraw $600 and the $20 does not apply.

The money leaves your balance long before it reaches your bank

Clause 14 removes a withdrawal from your Far East Precious Metal balance the instant you ask, and no clause says when it has to arrive. Payouts are handled Monday to Friday, 9am to 5pm, never on weekends or public holidays. Your bank details must match your card and ID exactly, down to the province, city and branch, or the request is refused.

Getting paid1 clause flagged

Clause 14 deducts a withdrawal from your balance the moment you request it. Nothing in the contract says when it must arrive, and Far East Precious Metal only processes withdrawals Monday to Friday, 9am to 5pm.

Why this matters

Your money stops being tradeable straight away and becomes a claim on the firm with no deadline attached. Holiday notices keep postponing withdrawals while deposits and account opening carry on as normal.

Exhibit 22WarningHarder than usual

客戶確認一旦下達提款要求，遠東貴金屬將即時從客戶帳戶結餘扣除該款額。
Clause 14 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.8
Read from the broker's site on Open the reference
  • Worse together with Exhibit 5A withdrawal already taken out of your balance can then be held indefinitely while the firm investigates, on its own suspicion.

Suspicion is enough to take the profit back

If Far East Precious Metal suspects manipulation, clause (f) lets it deduct the profit that activity made, and clause (e) lets it hold your withdrawals until it is satisfied, with no deadline written anywhere. Clause (d) makes the firm the only judge of its own pricing errors. Automated trading is sold on the homepage and treated in the contract as illegal profit to be recovered.

Keeping what you earn1 clause flagged

The homepage sells MT4 with EA program trading, which places orders automatically. The contract accepts orders only from software it has authorised, and treats profits made any other way as illegal profit it will recover.

Why this matters

The contract never lists which software counts as authorised. If your automated trading falls outside it, the firm cancels your trading, closes your positions and takes back the profit and its costs.

Exhibit 19WarningHarder than usual

如經發現會取消交易資格，及強制平定所有交易帳號之倉位元及指令，此等操作被視為違法，所得利潤視為違法利潤，遠東貴金屬將追回所有違法利潤和所需費用（包括注資手續費、交易編碼費）。
Clause (h) 不接納操作軟體下單 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.4
Read from the broker's site on Open the reference
Our own capture of fepm62.com, taken on Sep 5, 2026The claim, on MT4 Standard Version panel on the English homepageVisit this page on the broker's siteDownload the full size image file

Far East Precious Metal can rewrite the deal by posting it

Clause (k) binds you to any amendment the moment it appears on the website, and makes checking for changes your responsibility. That is exactly how the withdrawal fee went from 3% to 5% this year, unannounced, on a page carrying no date or version. Clause 7 separately lets the firm close your positions without warning and merge your accounts to net them off.

Terms that move2 clauses flagged

Clause (k) lets Far East Precious Metal rewrite the agreement whenever it likes. It publishes the change on its website, and you are bound the moment it appears. Checking for changes is written up as your job.

Why this matters

No email, no notice period, no highlighted change. This is exactly how the withdrawal fee went from 3% to 5% and the trading requirement from 40% to 100% of your deposit, with nothing said on the announcements page.

Exhibit 13WarningHarder than usual

遠東貴金屬有權不時修訂本協議之條款，遠東貴金屬會將有關的修改或變更在遠東貴金屬的官方網頁上向客戶公佈，客戶有責任定時瀏覽有關條款之修改並同意一經公佈即受其約束。
Clause (k) 不時修訂的權利 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.5
Read from the broker's site on Open the reference
  • Worse together with Exhibit 3The clause supplies the mechanism and the fee increase shows it working: the price of leaving rose while the page carrying it stayed undated.

Clause 7 lists when Far East Precious Metal can sell your positions, and the last trigger is any other situation it judges calls for protection. It states that it need not warn you first or ask for margin.

Why this matters

The same clause lets the firm combine every account in your name and use a surplus on one to cover a shortfall on another, decided entirely by it.

Exhibit 17WarningHarder than usual

採取任何上述行動可能並不以下列為條件：即要求提供保證金或追加保證金，或事先將買賣決定通知客戶
Clause 7 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.7
Read from the broker's site on Open the reference

You have one day to object, and no court to go to

Clause 11 makes every Far East Precious Metal statement final after one day, and says failing to receive it does not excuse you. Clause 12 counts post as delivered when it is sent, received or not. What is left runs through a single arbitrator in Hong Kong, in English, after clause 36 records that you have given up suing. The agreement itself is published nowhere except inside the signup form.

Right to complain2 clauses flagged

Every page footer tells you to read the Client Agreement before using any product, and no page links to it. The contract lives on a separate login subdomain, inside the registration form, next to the box you tick to say you have already read it.

Why this matters

You cannot compare the terms before you decide, because the terms appear at the moment you commit. The public site carries only a cookie policy and a privacy policy.

Exhibit 7WarningHarder than usual

It is important that you carefully read our Client Agreement and Privacy Policy before deciding to use any of our products.
Quoted in Cookie政策
Read from the broker's site on Archived copyOpen the reference
  • Worse together with Exhibit 13Amendments are published on a website that never shows the agreement, so the duty to check for changes points at a page that does not carry them.

Clause 25 sends every dispute to a single arbitrator in Hong Kong, and the hearing runs in English. Clause 36 records that by agreeing you give up the right to sue in court.

Why this matters

Far East Precious Metal sells in Chinese and argues in English. One arbitrator in Hong Kong costs far more than most account balances, which prices small claims out before they start.

Exhibit 15WarningHarder than usual

指定仲裁員的機構是香港國際仲裁中心(“HKIAC”), 只用一名仲裁員，指定地點是位於香港的香港國際仲裁中心。仲裁程式以英語進行。
Clause 25 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.10
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give retail clients access to a free independent ombudsman. This contract routes disputes to paid arbitration and names no free scheme.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Everything you upload becomes company property

The account opening declaration makes your passport, bank proof and address proof the property of Far East Precious Metal on submission, approved or refused, and none of it is returned. The same page disclaims all liability if that material is exposed. You also have three working days from opening to complete bank card verification or the account is suspended.

Your documents1 clause flagged

Everything you upload, passport, bank proof, address proof, becomes the property of Far East Precious Metal the moment you submit it. That holds whether or not it opens the account, and nothing is ever returned.

Why this matters

Get refused and the firm still keeps your documents. The same declaration says it accepts no liability if that material leaks, so you carry the risk of a breach of papers you no longer own.

Exhibit 16WarningRarely seen3 working days

此申請表內所提供之資料（包括所需檔），一經提交，不論批核與否，均屬遠東貴金屬之所有物
Clause 個人資料收集聲明 2 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.16
Read from the broker's site on Open the reference

Our readingFirms routinely keep identity records to satisfy money laundering law. Declaring the documents to be company property regardless of the outcome, refusing to return them, and disclaiming liability for their exposure in the same breath is a different arrangement.

Three months under $100 and the account closes itself

Far East Precious Metal closes any trading account left below $100 for more than three months, and item 8 never says what becomes of the remaining balance. Dropping under $100 also resets the withdrawal fee count, so the 5% charge can apply all over again to your next deposit. The contract separately reserves an idle account fee that is not priced anywhere.

Dormant accounts1 clause flagged

Let your balance sit below $100 for more than three months and Far East Precious Metal closes the trading account automatically. Item 8 does not say what happens to whatever is left in it.

Why this matters

The contract never explains how you get the remaining balance back after the account is gone. Item 9 also restarts your withdrawal fee count from zero once you drop below $100, so the 5% clock begins again on your next deposit.

Exhibit 12WarningHarder than usual$100

If the client's account balance remains below 100 USD for more than 3 months, the trading account will be automatically closed.
Clause 8 in Guide to deposit and withdrawal
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Balance under $100Your withdrawal fee count restarts from zero on the next money you pay in.9
Three months under $100Far East Precious Metal closes the trading account automatically.8
  • Worse together with Exhibit 3Dropping under $100 resets the trading requirement, so the 5% charge can apply again to money that has already been through the account once.

Your agreement can be transferred to anyone without asking

Clause 29 lets Far East Precious Metal assign all or part of its rights and obligations to any person, with no consent from you. Hong Kong law governs, which is ordinary for a Hong Kong firm. The contract names 遠東貴金屬有限公司 as your counterparty, while every page footer and the bank account name Far East Precious Metal (HK) Limited.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who holds the contract1 clause flagged

Clause 29 lets Far East Precious Metal transfer all or part of its rights and obligations under your agreement to any person, without asking you and without your approval.

Why this matters

The company you checked before depositing does not have to be the company holding your money later, and you get no say in who replaces it.

Exhibit 18NoticeStandard wording

遠東貴金屬可在未經客戶之事先同意或批准，將本協定之全部或部分之權利或義務授予任何人。
Clause 29 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.10
Read from the broker's site on Open the reference

The contract lets Far East Precious Metal borrow from its own clients

Clause 28 lets Far East Precious Metal pledge, re-pledge, invest or lend client property to itself or to third parties, mixed with other clients' money, without notice. The risk disclosure then states that on insolvency you are an unsecured creditor with no priority claim. The same document admits the firm is the direct counterparty to many client trades, so it profits when you lose.

Whose money is it1 clause flagged

Far East Precious Metal states in its risk disclosure that it is the direct counterparty in many client trades, and that it may refuse any order. Clause 6 adds that its own staff and directors may take the other side too.

Why this matters

When you lose, the firm on the other side gains. The disclosure is clear and correctly made, and no marketing page mentions it.

Exhibit 20NoticeStandard wording

遠東貴金屬有限公司在很多貴金屬交易中是客戶的直接交易對手。遠東貴金屬有限公司有權拒絕接受或保證任何定單。
Clause 風險披露聲明 5 in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.2
Read from the broker's site on Open the reference

The contract says this activity is not regulated, the homepage says licensed

Clause 20 has you confirm you were told that OTC precious metals trading is not a regulated activity under Hong Kong's Securities and Futures Ordinance, while the Far East Precious Metal homepage badge reads properly licensed platform. No compensation scheme is named in any document. Deposits go to the company's own Hang Seng Bank account, and the risk disclosure says you rank as an unsecured creditor if the firm fails.

What stands behind it1 clause flagged

The homepage badge reads properly licensed platform. Clause 20 of the contract has you confirm you were told that OTC precious metals trading is not a regulated activity under the Securities and Futures Ordinance.

Why this matters

No securities regulator is standing behind this account, and the contract has you agree to that in writing. Whether the exchange membership is what it looks like is a separate question, answered in our scam report.

Exhibit 21NoticeStandard wording

確認已被告知遠東貴金屬業務經營須符合香港法律準則，現時場外式貴金屬交易並非證券及期貨條例下受規管活動
Clause 20 (a)(1) in 遠東貴金屬客戶協議書 (with 風險披露聲明, 客戶告鑒, 防止洗黑錢備忘錄, 個人資料收集聲明, 客戶須知), p.9
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC belong to a compensation scheme that pays out if the firm fails. This document set names no compensation scheme and says you rank as an unsecured creditor.

Far East Precious Metal is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 1No client money rulebook applies, which is what makes the clause allowing your deposit to be lent to the firm enforceable on its own terms.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

Far East Precious Metal directs mainland clients to its own agents in Chinese, then states in English that the site is not aimed at people in mainland China.

Said in public, in Chinese

國内客戶可直接聯絡個區域經濟代理查詢有關資料及開戶細則。

Word for word in English: Domestic clients may contact regional economic agents directly to enquire about relevant information and account opening details.

Notes at the foot of the Chinese company profile page, under 備注說明

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fepm62.com

In the contract

The information on this site is not directed at residents of the United States, Germany, the People’s Republic of China and Hong Kong SAR of PRC and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fepm62.com

02

A whole account type is built for mainland users on a site whose own footer excludes residents of mainland China.

Said in public, in Chinese

申請人為内地用戶

Word for word in English: Applicants are mainland users.

Description of the VIP account type on the MT4 account application page

In the contract

The information on this site is not directed at residents of the United States, Germany, the People’s Republic of China and Hong Kong SAR of PRC and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

03

Withdrawal is advertised as free and around the clock, while the firm's own guide charges 5% and processes payouts only in office hours.

Said in public, in English

24-Hour Free Deposit and Withdrawal

Advantages strip on the English homepage, above the caption Fast process, transparent funds

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fepm62.com

In the contract · clause 5

If 100% of the total deposited amount has never been used to open positions, or if no positions have been opened since the most recent deposit, a 5% processing fee will be charged upon withdrawal.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fepm62.com

04

The homepage invites beginners in at $10 while the contract restricts the product to professionals who can absorb losses beyond their deposit.

Said in public, in English

[Essential for Beginners] AI-assisted intelligent trading: minimalist interface, one-click order placement, easily master gold trading.

MINI Quick Version panel on the English homepage, beside the badge Trade Gold from $10

In the contract · clause 客戶告鑒 1

OTCGOLD 交易僅適於專業機構或人士，其財力可以承受也許遠超過保證金或存款金價值的損失。

05

The homepage badge says properly licensed while the contract has you confirm the activity is not regulated under the Securities and Futures Ordinance.

Said in public, in Chinese

正規持牌平臺

Word for word in English: Properly licensed platform.

Advantages strip on the Chinese homepage, above the caption 交易所062号行員

In the contract · clause 20 (a)(1)

確認已被告知遠東貴金屬業務經營須符合香港法律準則，現時場外式貴金屬交易並非證券及期貨條例下受規管活動

06

EA program trading is sold as a headline feature while the contract refuses orders from any software it has not authorised and calls the profits illegal.

Said in public, in English

MT4 Standard Version offers the industry's lowest spreads and up to 1:100 leverage, equipped with powerful professional charting tools and EA intelligent program trading functions, making it the preferred platform for experienced investors to achieve efficient and precise trading.

MT4 Standard Version panel on the English homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fepm62.com

In the contract · clause (h) 不接納操作軟體下單

為了維護網路交易的公平性，除了使用遠東貴金屬提供的授權軟體，遠東貴金屬不接受任何操作軟體在遠東貴金屬的系統進行下單。

07

Two live pages on the same site state two different margin requirements for the same contract, and the agreement says the Chinese one governs.

Said in public, in English

London Gold is 2% of the value of each hand

Margin (per hand) section of the English Trading Rules page

In the contract · clause 4

倫敦金爲 $2,000.0(每手)

What changed quietly

First reading of Far East Precious Metal, so there is no earlier version of this page to compare against. Against the broker's own older pages we did find two silent changes, both recorded below: the withdrawal fee on untraded deposits went from 3% to 5%, and the gold margin moved from a percentage to a flat $2,000 a lot.

  • REWRITTENClause 5 · 2026-02-17 to 2026-09-05

    The charge for withdrawing money you have not traded rose from 3% to 5%, and the trading needed to avoid it went from 40% of your deposit to all of it.

    若總存入金額的100%不曾用於建倉交易或最近一次入金後未進行建倉交易，取款時将收取5%作爲手續費。例：客戶A單次入US$10,000美金， 則多次建倉達US$10000(5手) 以上的交易量（交易量按照累積來算），手續費用由本司承擔。

  • REWRITTENClause 4 · 2026-04-13 to 2026-09-05

    Gold margin changed from a percentage of contract value to a flat $2,000 a lot on the Chinese page, while the English page still shows the old rule.

    倫敦金爲 $2,000.0(每手)

The documents this reading is based on

10 files, all published by Far East Precious Metal. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Far East Precious Metal publishes.

How this reading was done

Every clause above was read out of a document Far East Precious Metal publishes itself

This reading was published on .

Documents
10 of 10downloaded from the broker's site, and 10 read in full
Pages opened
22pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
1public pages set against what the contract says
Languages
EN vs ZHthe language it advertises in, against the language it contracts in

Who the contract is with

Far East Precious Metal (HK) Limited

Two names appear and they are not the same. Every page footer names Far East Precious Metal (HK) Limited, Hong Kong registration number 1409390, at 11/F Hermes Commercial Centre, Tsim Sha Tsui. The contract you actually sign names 遠東貴金屬有限公司, without the (HK), and its signature block repeats that. Deposits go to a Hang Seng Bank account held in the company's own name, not a separate client account, and the contract says that if the firm fails you rank as an unsecured creditor. The contract also states in its own words that OTC precious metals trading is not a regulated activity under the Securities and Futures Ordinance, while the homepage badge reads 正規持牌平臺, a properly licensed platform. Whether the exchange membership is what it appears to be belongs to the scam report, not here.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The risk disclosure is genuinely thorough, and two admissions in it are ones most brokers leave out. Clause (g) states plainly that if Far East Precious Metal goes under, you are an unsecured creditor with no priority claim on your own deposit. Clause 5 admits the firm is the direct counterparty to many client trades, which the marketing never mentions. The arbitration clause carries a real opt-out: refusing it does not stop you opening an account. The profit deduction in clause (f) is capped at the profit from the suspected activity, not the whole balance. The deposit and withdrawal charges, odd as they are, are published in both Chinese and English.

The contract is one 17 page PDF that bundles the client agreement, the risk disclosure, an anti money laundering memorandum and the account opening declarations. It carries no version number and no date, so we cannot tell when any clause was written or last touched. No English copy of it exists, so every rendering of it here is ours. The trading rules and the deposit and withdrawal guide are ordinary web pages the firm can edit at any moment, and two of them changed materially this year. We compared today's pages against copies stored from February and April 2026. No earlier copy of the contract itself is available anywhere, so its clauses have nothing to be compared against.

How to check any of this yourself

Every quote above links to the Far East Precious Metal file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Far East Precious Metal publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Far East Precious Metal on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 5, 2026.

If you represent Far East Precious Metal and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Far East Precious Metal. Whether its licence is real and current is a separate check on the broker profile.

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