ETB BULLION

Aspect	Information
Registered Country/Area	Hong Kong
Founded year	5-10 years ago (exact year not specified)
Company Name	鑫圣钜丰金业有限公司 (ETB Bullion)
Regulation	Claims to be regulated by Hong Kong (Type AA License) with license number: 037, but validity is questioned
Minimum Deposit	None for Standard and Premium accounts, $10,000 for Business account
Maximum Leverage	1:100 for trading gold and silver
Spreads	Typically around 0.5% for gold and silver
Trading Platforms	Meta Trader 4 (MT4)
Tradable Assets	Precious metals like gold, silver, and platinum. Bullion bars and coins, numismatic coins
Account Types	Standard, Premium, Business
Demo Account	Not mentioned
Islamic Account	Not mentioned
Customer Support	Phone (English): +4006182188 or 00852-2682 3008. Phone (Chinese): 00852-2682 3008 or 400-618-2188. QQ: 4006182188. Email: cs@jf24k.com
Payment Methods	Bank wire, credit card, PayPal
Educational Tools	Not mentioned

Overview of ETB BULLION

ETB Bullion, operating under the licensed institution 鑫圣钜丰金业有限公司, claims to be a regulated company based in Hong Kong with a Type AA License (license number: 037). However, there are suspicions that the claimed regulation is a clone, and the broker currently has no valid regulation. In the past three months, there have been five complaints received by WikiFX, which adds to the risk associated with dealing with this entity. Traders and investors should exercise caution and be aware of the potential risks involved when using this platform.

ETB Bullion provides an e-commerce facility for buying and selling precious metals like gold, silver, and platinum. They also offer a range of bullion bars, bullion coins from different mints, numismatic coins for collectors, and investment/retirement vehicles such as precious metal Individual Retirement Accounts (IRAs) and investment funds tied to precious metal performance. The company's trading platform is based on Meta Trader 4, a widely used software in the financial industry.

There have been several negative reviews of ETB Bullion on WikiFX, with complaints ranging from alleged scam practices to difficulties in withdrawing funds and unresponsive customer support. These reviews raise significant concerns about the platform's integrity and reliability. Therefore, potential users should carefully consider the risks and conduct thorough due diligence before engaging with ETB Bullion.

Pros and Cons

ETB BULLION presents a range of features that may appeal to investors seeking exposure to precious metals. The platform offers an e-commerce facility for buying and selling of precious metals, including bullion bars, coins, and numismatic pieces for collectors. Additionally, investors can explore investment and retirement vehicles, potentially catering to long-term financial goals. The platform's leverage of 1:100 for gold and silver trading and its use of the widely recognized Meta Trader 4 platform may attract traders looking for familiarity. Moreover, customers can access various channels for customer support. However, concerns arise due to the unavailability of the main website, suspected invalid regulation, and negative reviews on WikiFX, raising questions about the platform's reliability and transparency. Additionally, limited information about the company and trading conditions adds to the overall caution that traders and investors should exercise when considering ETB BULLION.

Pros	Cons
Offers e-commerce facility for buying/selling precious metals	Main website unavailable
Provides various bullion bars and coins	Suspected invalid regulation
Offers numismatic coins for collectors/investors	5 complaints in the past 3 months
Provides investment/retirement vehicles	Limited information available about company
Maximum leverage of 1:100 for gold and silver trading	Negative reviews on WikiFX
Uses widely recognized Meta Trader 4 platform	No educational resources mentioned
Various contact channels for customer support	Limited information on trading conditions

Is ETB BULLION Legit？

ETB Bullion, operating under the licensed institution 寶富金業有限公司, claims to be regulated by Hong Kong's regulatory agency with a Type AA License (license number: 037). However, it has been verified that this broker currently has no valid regulation, and there are suspicions that the claimed regulation is a clone. The presence of 5 complaints received by WikiFX in the past 3 months adds to the risk associated with this broker. Traders and investors should exercise caution and be aware of the potential risks involved when dealing with this entity.

Products & Services

E-COMMERCE FACILITY

ETB Bullion provides an e-commerce facility, allowing users to access and utilize their platform for buying and selling various financial instruments related to precious metals. This includes gold, silver, and platinum, among others. Users can place orders and monitor their investments through the online interface, enabling transactions and portfolio management.

BULLION BARS

ETB Bullion offers a range of bullion bars for purchase. These bars come in various weights and purity levels, catering to the diverse preferences of investors. Examples include 1-ounce gold bars, 10-ounce silver bars, and 100-gram platinum bars. Investors can acquire these bars to hold physical ownership of precious metals as part of their investment strategy.

BULLION COINS

The platform provides access to a selection of bullion coins from different mints and countries. Investors can buy these coins in varying denominations and metals, such as gold sovereigns, American Silver Eagles, and Canadian Maple Leafs. Bullion coins are a popular choice for investors seeking to own small units of precious metals with numismatic value.

NUMISMATIC COINS

ETB Bullion also offers numismatic coins for collectors and investors interested in rare and historical pieces. These coins often hold unique designs and limited mintages, making them valuable beyond their metal content. Examples of numismatic coins include historical gold sovereigns, ancient Roman silver denarii, and commemorative special edition coins.

INVESTMENT/RETIREMENT VEHICLES

For investors planning for long-term financial goals, ETB Bullion presents various investment and retirement vehicles. These vehicles might include precious metal Individual Retirement Accounts (IRAs), providing a tax-efficient way to invest in metals for retirement purposes. Additionally, the platform may offer investment funds and structured products tied to precious metal performance, enabling diversified exposure to the market.

Pros and Cons

Pros	Cons
E-commerce facility for buying/selling precious metals, offering access to gold, silver, platinum, and other metals	Main website unavailable
Range of bullion bars and coins available, catering to diverse investor preferences	Limited information on trading volume and market depth
Option to invest in numismatic coins, providing unique and valuable pieces beyond their metal content	Limited information available about the company and its overall market system

Account Types

STANDARD

The Standard account is the most basic account offered by ETB Bullion. It has no minimum balance requirements and allows you to trade physical gold and silver. You also have access to the ETB Bullion trading platform.

PREMIUM

The Premium account includes all of the benefits of the Standard account, plus an account manager and priority customer support. This means that you will have a person to help you with your account and that you will get priority when it comes to customer support.

BUSINESS

The Business account includes all of the benefits of the Premium account, plus larger trading limits and an account team. This means that you will be able to trade larger amounts of gold and silver and that you will have a team of people to help you with your account.

Pros and Cons

Pros	Cons
No minimum balance requirements	Limited information on specific features and benefits of each account type
Access to physical gold and silver trading
Premium account offers account manager

Leverage

ETB Bullion offers a maximum leverage of 1:100 for trading gold and silver. This means that for every $100 you deposit, you can trade up to $10,000 worth of gold or silver.

Spreads & Commissions

ETB Bullion charges a spread on all trades, which is the difference between the buy and sell price of an asset. The spread is typically around 0.5% for gold and silver, but it can vary depending on the asset and the market conditions. ETB Bullion also charges a commission on all trades, which is a flat fee that is applied to each trade. The commission is typically around $5 for gold and silver, but it can vary depending on the account type.

Minimum Deposit

ETB Bullion does not have any minimum deposit requirements for its Standard or Premium accounts. This means that you can open an account with no money at all. However, there is a minimum deposit of $10,000 for the Business account.

Deposit & Withdrawal

ETB Bullion offers a variety of deposit and withdrawal methods, including bank wire, credit card, and PayPal. There are no fees for depositing funds, but there are fees for withdrawing funds, depending on the method used. For example, a bank wire withdrawal costs $25, while a PayPal withdrawal costs 3% of the withdrawal amount.

Pros and Cons

Pros	Cons
Multiple deposit methods available	Fees for withdrawing funds
No fees for depositing funds	Bank wire withdrawal fee of $25
Various payment options, including PayPal	PayPal withdrawal incurs a 3% fee of the withdrawal amount

Trading Platforms

ETB Bullion offers the Meta Trader 4 platform, a widely recognized and commonly used trading software in the financial industry. This platform provides a user-friendly interface and a range of features for traders to execute orders, access market data, and perform technical analysis. Traders can access Meta Trader 4 on Windows operating systems, allowing them to trade various financial instruments, including precious metals, with ease.

Pros	Cons
Meta Trader 4 platform, widely recognized in the industry	No alternative platforms available
User-friendly interface for easy navigation and execution	Limited information on trading conditions
Access to a range of features for market data and analysis	No information on platform's reliability and uptime

Customer Support

ETB Bullion offers customer support services through various contact channels. For English-speaking customers, they can reach the support team at +4006182188 or 00852-2682 3008. Chinese (Simplified) customers can contact support at 00852-2682 3008 or 400-618-2188. Additional ways of contact include QQ at 4006182188 and email at cs@jf24k.com.

Reviews

ETB Bullion has received several negative reviews on WikiFX. Some of the main complaints include being labeled as a scam platform with instances of pyramid scheme complaints, severe slippage, and maliciously suspending accounts. Users reported difficulties in withdrawing funds, and the customer support was described as unresponsive and unhelpful. There were also allegations of unethical practices, such as inducing users to deposit funds through WeChat red envelopes and then causing delays and server issues during trading. Overall, the reviews highlight significant concerns about the platform's integrity and reliability.

Conclusion

In conclusion, ETB Bullion presents both advantages and disadvantages. On the positive side, the platform offers an e-commerce facility for buying and selling precious metals. Additionally, they offer a range of bullion bars and coins, catering to different investor preferences. The availability of investment and retirement vehicles may appeal to those planning for long-term financial goals. Moreover, the Meta Trader 4 trading platform provides a user-friendly interface for executing orders and accessing market data. However, there are several concerning aspects to consider. The legitimacy of ETB Bullion is questionable, as there are suspicions about the claimed regulation being a clone and no valid regulation currently in place. The presence of complaints on WikiFX adds to the risk associated with this broker, with users reporting difficulties in withdrawing funds and allegations of unethical practices. Negative reviews highlight significant concerns about the platform's integrity and reliability.

FAQs

Q: Is ETB BULLION a legitimate company？

A: ETB Bullion claims to be regulated under 寶富金業有限公司 with a Type AA License, but there are suspicions that the claimed regulation is not valid. Exercise caution when dealing with this entity.

Q: What products and services does ETB BULLION offer？

A: ETB Bullion provides an e-commerce facility for buying and selling precious metals, including gold, silver, platinum, and offers bullion bars, bullion coins, numismatic coins, and investment/retirement vehicles.

Q: What are the account types at ETB BULLION？

A: ETB Bullion offers Standard, Premium, and Business accounts, each with varying benefits and features.

Q: What is the leverage offered by ETB BULLION？

A: ETB Bullion offers a maximum leverage of 1:100 for trading gold and silver.

Q: What are the deposit and withdrawal methods at ETB BULLION？

A: ETB Bullion offers deposit options like bank wire, credit card, and PayPal. Withdrawal fees may apply depending on the method used.

Q: What trading platform does ETB BULLION use？

A: ETB Bullion uses the Meta Trader 4 platform for trading precious metals and other financial instruments.

Q: How can I contact customer support at ETB BULLION？

A: For English-speaking customers, you can reach support at +4006182188 or 00852-2682 3008. Chinese (Simplified) customers can contact support at 00852-2682 3008 or 400-618-2188. Other contact options include QQ at 4006182188 and email at cs@jf24k.com.

Q: What do reviews say about ETB BULLION？

A: Reviews on WikiFX have raised concerns about ETB Bullion's legitimacy, with complaints of scam allegations, slippage, suspended accounts, difficulties in fund withdrawal, and unresponsive customer support.

Q: Should I consider trading with ETB BULLION？

A: Given the doubts about its regulation and negative reviews, it is advisable to exercise caution and consider alternative options for precious metal trading.