Options and Futures Eastern Trading Ltd has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 852 3050 9031, fax 852 3015 3813
Addresses: Hing Wai Building 36 Queen's Road Central Hong Kong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ofeastern.com.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Options and Futures Eastern Trading Ltd recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Social trading features|Demo account available|Intuitive for beginners|Clear documentation
Cons: No phone support on weekends
I closed a profitable position at Options and Futures Eastern Trading Ltd and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Social trading features|Excellent charting|No hidden fees|Quick verification
Cons: Minimum deposit could be lower