Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is ETB Bullion？
ETB Bullion is a trading platform that specializes in offering trading services for precious metals, particularly London silver and London gold. It is a brokerage firm that allows investors and traders to buy and sell these metals in the financial markets. Traders can analyze market trends, place orders, and manage their positions through the ETB Bullion platform and MT4. It offers various trading tools and resources to help traders make informed decisions. And it is regulated by CGSE, ensuring compliance with regulatory guidelines and providing traders with a secure trading environment.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
ETB Bullion Alternative Brokers
There are many alternative brokers to ETB Bullion depending on the specific needs and preferences of the trader. Some popular options include:
SHANDONG GOLD - A prominent gold mining company with operations in China, known for its expertise in gold exploration, mining, and production.
Chancellor Precious Metals – A broker who provides comprehensive services in trading, storage, and sourcing of precious metals.
Starling Gold – A reputable gold dealer and investment firm that offers a wide range of gold products and services to individual and institutional investors.
Is ETB Bullion Safe or Scam？
ETB Bullion is regulated by the Chinese Gold and Silver Exchange Society (CGSE), which is the sole exchange in Hong Kong which trades physical gold and silver, and operates in pursuance of section 3 of Chapter 82 of Laws of Hong Kong, under which its operation as a commodity exchange is legally exempted. It also has been in operation for several years, and has received positive reviews from many customers. Based on the information above, ETB Bullion appears to be a reliable and trustworthy broker.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
Market Instruments
ETB Bullion offers trading of London silver and London Gold. Trading these metals provides an opportunity for investors and traders to speculate on their price movements and potentially profit from their fluctuations.
London silver refers to silver contracts that are traded on the London bullion market. The London market is one of the largest and most influential markets for precious metals trading. Traders can participate in the London silver market through ETB Bullion, allowing them to take positions based on their analysis of supply and demand dynamics, macroeconomic factors, and other market considerations.
Similarly, London gold represents the trading of gold contracts in the London market. Gold is widely regarded as a safe-haven asset and is often used as a hedge against inflation or as a store of value. By trading London gold through ETB Bullion, investors can take advantage of price movements in the gold market and potentially benefit from the performance of this precious metal.
Accounts
ETB Bullion offers both live accounts and demo accounts.
A live account is a real trading account where you can use real money to trade in various financial instruments, such as precious metals or other commodities. With a live account, you can engage in actual trading and potentially earn profits or incur losses.
A demo account is a practice account provided by ETB Bullion for users to familiarize themselves with the trading platform and practice their trading strategies without using real money. Demo accounts typically simulate real market conditions, allowing users to execute trades and monitor their performance without any financial risk.
Also, according to the website, the live accounts can continue to upgrade with points, starting with a level of 1 and enjoy a spread discount of $20/lot, and add $1 discount for each level upgrade, up to a maximum of $50 spread.
Trading Platforms
ETB Bullion offers two trading platforms to its clients: ETB Bullion Trading App and MetaTrader 4 (MT4) platform. These platforms provide traders with different options and functionalities to suit their trading needs.
The ETB Bullion Trading App is a mobile application designed to provide a streamlined and user-friendly trading experience. With the app, traders can access the financial markets on-the-go, allowing them to monitor and execute trades anytime, anywhere. The app offers a range of features, including real-time price quotes, interactive charts, and quick order placement. Traders can execute market orders, set stop-loss and take-profit levels, and manage their positions efficiently from their mobile devices. The ETB Bullion Trading App is designed to cater to the needs of traders who prefer the convenience and flexibility of trading from their smartphones or tablets.
ETB Bullion also offers the MetaTrader 4 (MT4) platform. MT4 is a widely recognized platform in the financial industry known for its extensive features and capabilities. It provides traders with an advanced and customizable trading environment. With MT4, traders have access to powerful charting tools, technical analysis indicators, and the ability to develop and use automated trading strategies through expert advisors (EAs). The platform supports various order types, time frames, and market analysis tools, enabling traders to implement their preferred trading strategies effectively. MT4 also provides real-time market data, trade execution capabilities, and comprehensive account monitoring features. It is a preferred choice for traders seeking a more comprehensive and customizable trading platform.
Overall, ETB Bullion's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Trading Tools
ETB Bullion offers platform announcements, economic calendar and headline information.
Platform announcements are important notifications or updates released by ETB Bullion directly on their trading platform. These announcements can include information about upcoming system maintenance, changes in trading conditions, new features and functionalities, or any other relevant updates from the brokerage. Traders can stay updated with the latest news and changes within the trading platform and adjust their trading strategies accordingly.
The economic calendar offered by ETB Bullion provides traders with a comprehensive view of economic events and indicators that can potentially impact the financial markets. This tool displays key economic data releases, such as GDP reports, employment numbers, central bank decisions, and other important announcements from around the world. Traders can use this information to anticipate market movements, identify potential trading opportunities, and manage their risk exposure effectively.
This includes real-time news updates and market analysis provided by reputable sources. These news headlines cover a wide range of topics, including economic developments, geopolitical events, and market trends. By accessing this information, traders can stay abreast of the latest market news, understand the factors driving price movements, and make informed trading decisions based on the current market sentiment.
Transaction Details
ETB Bullion offers transaction details for the trading of London silver and London gold. The details are followed:
For London Silver:
- Contract Unit: 5000 oz/lot
- Quotation units: USD/oz
- Bargaining unit: Minimum $0.01/oz
- Spreads: 0.04 USD
- Margin (per lot): Not less than 2%
- Limit orders: ≥ 50 points
- Single trade lot size: Min. 0.01 moves, Max. 20 moves
- Commission on a single transaction: Commission-free
- Interest (buy): Float
- Interest (sell): Float
For London Gold:
- Contract Unit: 100 oz/lot
- Quotation units: USD/oz
- Bargaining unit: Minimum $0.01/oz
- Spreads: 0.5 USD
- Margin (per lot): Not less than 2%
- Limit orders: ≥ 50 points
- Single trade lot size: Min. 0.01 moves, Max. 20 moves
- Commission on a single transaction: Commission-free
- Interest (buy): Float
- Interest (sell): Float
It's important to note that these transaction details are subject to market conditions and may change over time. Traders should always refer to the ETB Bullion trading platform for the most accurate and updated information regarding trading London silver and London gold.
Customer Service
ETB Bullion offers live chat service. Traders can inquire about market trends, request real-time quotes, place orders, or get assistance with technical issues.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +852 2682-3008
Email: cs@jf24k.com
Address: Block B, 88/F, An Lok Building, 10 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
Overall, ETB Bullions customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Note: These pros and cons are subjective and may vary depending on the individual's experience with ETB Bullion's customer service.
Conclusion
In conclusion, ETB Bullion facilitates the trading of precious metals, specifically London silver and London gold. It offers MT4 and trading APP where traders can buy, sell, and manage their positions in these metals. ETB Bullion emphasizes commission-free trading, allowing users to execute transactions without incurring additional charges on a per-trade basis. In terms of regulation, it is regulated by the Chinese Gold and Silver Exchange Society (CGSE), ensuring compliance with regulatory guidelines and providing traders with a secure trading environment.
Frequently Asked Questions (FAQs)
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