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The WikiFX Score of this broker is reduced because of too many complaints!

Asia Pacific Bullion Limited

Hong Kong|5-10 years|
Type AA License|White label MT4|Regional Brokers|High potential risk|

http://www.gold9188.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

8
Server Name
AsiaPacificBullion-Demo MT4
Server Location China

Contact

+852 6872 9828
mt4@gold9188.com
http://www.gold9188.com/
香港中环永吉街22-24号永富大厦1006室
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+852 6872 9828

Broker Information

More

Company Name

亚太金业有限公司

Company Abbreviation

Asia Pacific Bullion Limited

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-06-24
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Asia Pacific Bullion Limited · WikiFX Survey
A Visit to Asia Pacific Bullion Limited in Hong Kong -- Office Confirmed Existed
Hong Kong

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Pyramid scheme complaint
Expose
Unable to Withdraw

Hong Kong Asia Pacific Gold cannot withdraw

Report! Hong Kong Asia Pacific Gold Industry, Hong Kong Gold and Silver Industry Exchange Member No.: 88, this month's gold withdrawal cannot be received, and it has been shown for a long time that it has been under review for 1 week. There is a serious problem with the company's operating conditions, and the customer's withdrawal cannot be received. Please help to solve, grateful!

2022-06-21 14:14
Others

Aisa Pacific Bullion Limited’s scam inside a scam.

I was invited to join the group to learn stocks in July 2018, but actually they were trading gold. I was cheated of 200,000 yuan. I later contacted what they called the responsible person. He promised me to pay half of my loss. I agreed, thinking the other half of the loss was a lesson. They wrote me a statement, which said the compensation would be paid in five payments, and it has been paid for two months until now. But there is a stipulation in the statement that I can't find a rights protection company. But this turned out to be a scam inside a scam of Aisa Pacific Bullion Limited. Two days ago, they said that I looked for a third-party complaint. I was a bit confused. After carefully reading the screenshots they gave, I found that there was a problem, because this screenshot only has the QQ number of a person named Li Yang from Aisa Pacific Bullion Limited (2852355876). They are scamming me, trying to avoid the rest of my money, and they even threatened me. Please keep your eyes open and not be fooled if you have been deceived or have already reported the case.

2019-01-23 22:20
Unable to Withdraw

Unable to withdraw. No reply

I opened an account at the Asia Pacific Bullion Company, a member of the Hong Kong Gold and Silver Exchange Field, No. 88, and deposited USD 10,443.73 for trading. My trading account is 308309800. In more than a month, I only made a profit of 6,610 US dollars. I applied for a withdrawal of 9,053.73 US dollars on July 22, 2022. Until today, I still have not received my withdrawal. The status of the background withdrawal has always been under review, and the withdrawal There has been no progress and no reply, requesting rights protection.

2022-09-20 19:47
Resolved

Aisa Pacific Bullion Limited’s financial analyst induced me to trade gold and made me lose hundreds of thousands.

At the beginning I invested in stocks. About a month later, they deliberately showed the profit of the gold trade they invested during the investment mentoring program, saying how much they earned each day. After that, they put the candlestick map of spot gold in the exchange group to explain. During the period, the stock market was in a downturn, so they lured me to buy spot gold to make big money. “Dawn” said that Aisa Pacific Bullion Limited has been established for more than 100 years, and there is a guarantee by Hong Kong Bank of Hong Kong for the funds of the third-party platform to ensure the absolute security of the funds. At the beginning, I just kept looking at their investment analysis classes and didn't dare to invest. They mobilized to sign up for the "100 Billion Club-Special Team" and said that there will be big market fluctuations at the end of each year, which will allow us to make big money. They asked me to sign up for the "End of the Year's Profit of 188% of the Battle" campaign. After that many people seem to want to participate. They deliberately set a limit of 500 places, and repeatedly urged us to say that the number of places is not much, and asked us to seize the time to register. They said that there are special investment teachers who will lead us to invest in the operation. We only need to invest according to the advice of the instructor. At this point, they provided me with the information of the account manager "Zhao Jie" of Aisa Pacific Bullion Limited (WeChat qpl931119, QQ2392910479). He sent me a link, helped me open an account remotely, and taught me how to do it. He said that each person is limited to 50,000 US dollars per year, and the excess funds are used to find other people to remit to the public account. He said that this method is a bit troublesome, and another method can give me a special deposit channel. I can get it within 2-4 hours. He asked me to make an account with Ping An Bank (Chen Hu, 6230580000186601774, Guangzhou Liuhua Branch) Make a remittance. He said that this channel is provided by companies that cross-border payment of Hong Kong foreign exchange with their company's perennial cooperation, absolutely no problem. Now my family is on the edge on broken.

2018-11-27 23:52

    Asia Pacific Bullion Limited · Company Summary

    Aspect Information
    Registered Country/Area Hong Kong
    Founded Year 5-10 years
    Company Name Asia Pacific Bullion Limited (亚太金业有限公司)
    Regulation Chinese Gold & Silver Exchange Society in Hong Kong
    Minimum Deposit N/A
    Maximum Leverage N/A
    Spreads London Gold: 8.48, London Silver: -0.16
    Trading Platforms MT4, web-based, and mobile platforms
    Tradable Assets London Gold and London Silver
    Account Types Standard account only
    Demo Account N/A
    Islamic Account N/A
    Customer Support Various contact channels, including phone and email
    Payment Methods Debit cards, wire transfers, bank checks
    Educational Tools Real-time quotes, market news

    Overview of Asia Pacific Bullion Limited

    Asia Pacific Bullion Limited is a company based in Hong Kong, operating under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society. It holds a License type AA (Private license) with the regulatory license number 088, indicating its compliance with Hong Kong regulations. However, the company has faced 12 investor complaints in the past three months, suggesting potential issues that investors should exercise caution and perform thorough due diligence when considering involvement with this entity.

    Asia Pacific Bullion Limited offers market instruments such as London Gold and London Silver, allowing investors to engage in trading activities related to physical gold and silver in the London market. They offer a simplified account structure and accept various currencies for deposits and withdrawals, subject to conversion at market exchange rates. The company utilizes the MT4 trading platform, providing real-time quotes and user-friendly tools. While they offer educational tools such as real-time quotes and market news updates, reviews and complaints from users raise concerns about their customer support and operational practices.

    basic-info

    Pros and Cons

    Asia Pacific Bullion Limited presents several notable advantages, including its regulation by a recognized authority, offering London Gold and London Silver trading, no minimum deposit requirement, multiple support contact channels, and access to real-time market data. However, it faces some challenges, including recent investor complaints, high spreads for precious metals, processing fees for withdrawals, and a limited range of available account types.

    Pros Cons
    Regulated by a recognized authority Recent investor complaints
    Offers London Gold and London Silver High spreads for precious metals
    No minimum deposit amount Processing fees for withdrawals
    Multiple contact channels for support Limited types of account available
    Real-time quotes and market news updates

    Is Asia Pacific Bullion Limited Legit?

    Asia Pacific Bullion Limited, operating under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society in Hong Kong, holds a License type AA (Private license) with the regulatory license number 088. This information suggests that the company is subject to regulation in Hong Kong by a recognized authority. However, it is worth noting that there have been 12 investor complaints against the trader in the past 3 months, highlighting the importance of exercising caution and conducting thorough due diligence when considering investment with this entity.

    regulation

    Market Instruments

    1. London Gold: Asia Pacific Bullion offers London Gold as one of its market instruments. This instrument represents the price and trade of physical gold in the London market. Investors can trade in London Gold to speculate on the price movements of this precious metal. It is a widely recognized and traded asset in the global financial markets.

    2. London Silver: Asia Pacific Bullion also provides London Silver as a market instrument. Similar to London Gold, London Silver represents the price and trade of physical silver in the London market. Investors can engage in trading London Silver to take advantage of price fluctuations in the silver market. It is another well-known and commonly traded asset in the world of commodities.

    market-instruments

    Pros and Cons

    Pros Cons
    Widely recognized and traded assets in global markets Limited to trading physical gold and silver in London
    Allows speculation on price movements of precious metals Limited diversity in available market instruments

    Account Types

    Asia Pacific Bullion offers one type of trading account for its clients, providing a simplified account structure.

    How to Open an Account

    To open an account with Asia Pacific Bullion Limited:

    1. Click “Open an Account” on their website.

      open-account
    2. Sign the Account Opening Agreement with your personal information.

      open-account
    3. Submit the agreement and required documents as instructed.

    4. Bind your customer center account with the company.

    5. Provide details for verification, including selecting MT4 as the trading platform, choosing a Standard account type, entering your name, providing your phone number with the country code, completing picture and phone captchas, and submitting your email address and ID card information. You can also enter an account opening invitation code if applicable.

    open-account

    Spreads

    Asia Pacific Bullion Limited offers spreads on precious metal products, with specific values provided for London Gold and London Silver. As of the last trade, the spread for London Gold is 8.48, with a high of 1961.98 and a low of 1961.44. For London Silver, the spread is -0.16, with a high and low both at 723.69.

    Deposit & Withdrawal

    To withdraw funds, members can log in and select “out of money” to access the withdrawal page. They need to input the bank account holder's name, the desired withdrawal amount, confirm the transaction, and then submit it for audit. The account currency is designated as USD, and any deposits or withdrawals in other currencies, such as RMB or HKD, will be converted at the market exchange rate published by the company, with no additional fees charged. Debit cards are accepted for online deposits, while credit cards are not eligible for payment. There is no minimum deposit amount. There is a processing fee of 0.5% for wire transfers and 1% for bank checks.

    Pros and Cons

    Pros Cons
    No minimum deposit amount Processing fees for wire transfers and bank checks
    Debit cards accepted for online deposits
    Currency conversion at market exchange rates

    Trading Platforms

    Asia Pacific Bullion Limited offers the MT4 trading platform, a globally recognized platform that integrates market charts, technical analysis, and trading functionalities. This platform enables order placement, position management, and data analysis, providing real-time quotes and user-friendly tools. Additionally, the company provides web-based and mobile trading platforms for accessibility, making it suitable for a range of trading preferences and styles.

    trading-platform

    Pros and Cons

    Pros Cons
    Offers the globally recognized MT4 trading platform No specific details about technical indicators
    Provides real-time quotes for informed decision-making Limited information on additional features
    Offers web-based and mobile trading platforms for accessibility Limited information on platform stability

    Educational Tools

    1. REAL-TIME QUOTES: Asia Pacific Bullion Limited offers real-time quotes to provide timely market data for informed decision-making. These quotes include current prices and fluctuations of various precious metals such as gold, silver, and platinum. Users can access up-to-the-minute pricing information to track market trends. For instance, users can monitor the live price of gold to make investment choices based on real-time data.

    2. MARKET NEWS: Asia Pacific Bullion Limited provides market news updates to keep users informed about relevant events affecting the precious metals market. These updates cover topics like market analysis, economic indicators, and geopolitical developments that can impact metal prices. For example, users can receive news about how non-agricultural surges affect gold prices and ETF holdings, allowing them to stay updated on market dynamics.

    trading-tools

    Customer Support

    Asia Pacific Bullion Limited offers customer support through multiple contact channels. You can reach them at their Hong Kong office at room 1006 Wing Fu Building, 22-24 Wing Kut Street, with a fax option at (852) 23636669 and a telephone line at (852) 6872 9828. Additionally, they provide a hotline at the same number for immediate assistance. For online inquiries, you can use their service mailbox at mt4@gold9188.com or contact their sales team via sale@gold9188.com. They also offer an online message platform where users can leave messages, including their full name, phone number, email, a verification code, and a message of 8 to 300 words.

    customer-support

    Reviews

    Reviews of Asia Pacific Bullion on WikiFX reveal several concerns and complaints from users. Some users reported difficulties in withdrawing funds, with delays and lack of response from the company's support team. One user mentioned a substantial deposit but faced challenges in getting their withdrawal processed. There are also allegations of fraudulent practices, with users claiming they were misled into trading gold instead of stocks, resulting in significant losses. Additionally, there are complaints about unresponsive customer service and difficulties in obtaining information about the company's agents. Overall, these reviews raise serious concerns about the company's operations and customer satisfaction.

    reviews

    Conclusion

    In conclusion, Asia Pacific Bullion Limited operates under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society in Hong Kong, holding a License type AA (Private license). While this regulatory oversight provides a level of assurance, it is noteworthy that the company has faced 12 investor complaints in the past three months, indicating potential risks associated with investment. The market instruments offered, including London Gold and London Silver, are well-recognized, but the company provides only one type of trading account, which simplifies its account structure. Spreads are available for precious metal products, with specific values for London Gold and London Silver. The deposit and withdrawal process involves currency conversion and varying processing fees. Asia Pacific Bullion Limited offers the MT4 trading platform and additional web-based and mobile options. The availability of real-time quotes and market news aids in informed decision-making. Customer support is accessible through multiple channels. However, it is important to note that reviews on WikiFX raise concerns about delayed withdrawals, alleged fraudulent practices, unresponsive customer service, and difficulties in obtaining information about the company's agents, suggesting potential issues with its operations and customer satisfaction.

    FAQs

    Q1: Is Asia Pacific Bullion Limited a legitimate company?

    A1: Yes, Asia Pacific Bullion Limited is regulated by the Chinese Gold & Silver Exchange Society in Hong Kong and holds a Private license (License type AA), indicating it operates under recognized authority. However, there have been 12 recent investor complaints, so caution is advised.

    Q2: What market instruments does Asia Pacific Bullion Limited offer?

    A2: Asia Pacific Bullion Limited provides trading instruments like London Gold and London Silver, allowing investors to trade physical gold and silver prices in the London market.

    Q3: What types of accounts are available at Asia Pacific Bullion Limited?

    A3: Asia Pacific Bullion offers a single trading account, simplifying the account structure for its clients.

    Q4: How can I open an account with Asia Pacific Bullion Limited?

    A4: To open an account, visit their website, sign the Account Opening Agreement, submit the required documents, and complete the verification process, including platform selection and account type.

    Q5: What are the spreads offered by Asia Pacific Bullion Limited?

    A5: Asia Pacific Bullion Limited offers specific spreads for London Gold and London Silver. As of the last trade, the spread for London Gold is 8.48, and for London Silver, it's -0.16.

    User Reviews

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    Comments

    Write a review

    Liam Wilson
    more than one year
    mt4 platform is super smooth. Plus, closing multiple trades at once is so easy. Deposits and withdrawals are simple. Just what I need.
    2024-05-11 10:19
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    好吃的鳗鱼饭
    more than one year
    One of my Chinese friends and I recommended this company, but as a foreigner, the steps to open an account and trade here seem to be very complicated.
    2022-12-08 10:10
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