Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

ETB BULLION

China|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|The server is only located in China.|High potential risk|

https://www.jf24k.hk/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

ETB-Demo

China
MT4
2

Influence

D

Influence index NO.1

Hong Kong 2.60

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ETB-Demo MT4
Server Location China

Influence

Influence

D

Influence index NO.1

Hong Kong 2.60

Surpassed 71.88% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+852 2682-3008
cs@jf24k.com
https://www.jf24k.hk/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+852 2682-3008

Broker Information

More

Company Name

ETB BULLION CO.,LTD

Company Abbreviation

ETB BULLION

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed ETB BULLION also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IC Markets

8.92
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IsandisoFX

7.48
Score
Within 1 yearRegulated in South AfricaFinancial Service CorporateMT4/5 full license
Official website
Pyramid scheme complaint
Expose

ETB BULLION · Company Summary

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

ETB BULLION Review Summary
Registered Country/Region China
Regulation No regulation
Market Instruments London Gold & London Silver
Demo Account Available
Margin requirements $1,000
Trading Platforms MT4
Customer Support telephone, email, online messaging

What is ETB BULLION?

ETB BULLION is a precious metal brokerage firm based in China that offers trading instruments such as London Gold and London Silver. They provide different types of accounts, including real accounts and demo accounts, with opportunities for account upgrades based on accumulated points. ETB BULLION operates on the MT4 trading platform and has specific trading hours for different seasons. While they do not charge commissions, they offer margin requirements and spreads for London Gold and London Silver. The customer service contact information includes a phone number and email address.

Pros & Cons

Pros Cons
• Provide London Gold and London Silver • Lack of valid regulation
• Account upgrade options based on accumulated points • One report of scams associated with the company
• MT4 trading platform provided • Regional restrictions

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:

  • KCM Trade - KCM Trade is a well-known precious metal broker offering a wide range of trading instruments and competitive pricing, making it a reliable choice for traders seeking exposure to the precious metal markets.

  • BullionVault - BullionVault is a highly reputable precious metal broker known for its secure and transparent platform, providing individuals with easy access to trade and store physical gold and silver.

  • APMEX - APMEX is a trusted precious metal broker with a vast selection of products, including coins, bars, and collectibles, making it an ideal choice for both investors and collectors looking to diversify their portfolios.

Is ETB BULLION Safe or Scam?

The fact that ETB BULLION operates without valid regulation is a significant cause for concern. Regulations are put in place by financial authorities to ensure the transparency, integrity, and accountability of brokerage firms. The absence of proper regulation means that there is no external oversight or supervision of ETB BULLION's activities, leaving investors and traders vulnerable to potential risks. Furthermore, there has been at least one report of scams associated with ETB BULLION. Scams in the financial industry can take various forms, including fraudulent schemes, unauthorized transactions, or misleading practices. Such reports indicate a lack of trustworthiness and raise serious doubts about the safety and legitimacy of ETB BULLION's operations. It is crucial to thoroughly research and gather more information about the company's background, reputation, and track record before entrusting them with any financial transactions or investments.

Market Instruments

ETB BULLION offers a range of trading instruments, including London Gold and London Silver, which provide traders with opportunities to participate in the gold and silver markets.

London Gold, one of the trading instruments offered by ETB BULLION, allows traders to speculate on the price of gold. Gold has long been regarded as a safe-haven asset, often sought after during times of economic uncertainty or as a hedge against inflation.

Similarly, ETB BULLION provides London Silver as a trading instrument, enabling traders to engage in the silver market. Silver, like gold, is considered a valuable commodity with its own unique dynamics. It is used not only in various industries but also as a store of value and an investment option.

Market Instruments

Accounts

ETB BULLION provides customers with a choice of different account types, including real accounts and demo accounts, catering to different trading needs and preferences. Real accounts are designed for individuals who wish to engage in live trading with real money, while demo accounts offer a simulated trading environment for practice and learning purposes.

For real accounts, ETB BULLION introduces an account upgrade system that allows users to enhance their trading experience. The account upgrade process is based on the accumulation of points, which can be obtained through daily tasks specified by the brokerage firm.

When starting with a real account, traders are assigned an initial level, typically level 1. At this level, they can enjoy a $20 spread discount per hand traded. As traders accumulate more points, they can progress to higher levels within the account upgrade system. With each level increase, the spread discount per hand also increases by $1. Traders can continue to upgrade their account until reaching the maximum level, which allows for a $50 spread discount per hand.

The accumulation of points plays a crucial role in the upgrade process. The more points a trader earns, the faster they can progress through account levels and unlock greater benefits.

Trading Rules

ETB BULLION offers competitive trading conditions for both London Gold and London Silver, including margin requirements and spreads. These factors play a crucial role in determining the cost and potential profitability of trading these instruments.

When it comes to margin requirements, ETB BULLION sets a fixed margin per lot for both London Gold and London Silver at $1000. Margin represents the initial collateral that traders must deposit in their accounts to initiate and maintain positions. This margin requirement allows traders to amplify their trading potential and participate in these markets with a smaller upfront investment.

In terms of spreads, which refer to the difference between the buying and selling prices of an asset, ETB BULLION offers competitive rates for both London Gold and London Silver. For London Gold, the spread is set at $0.5, meaning that traders will need to account for a 0.5-point difference between the buying and selling prices when entering and exiting positions. Similarly, for London Silver, the spread is set at $0.04, reflecting a narrower spread compared to London Gold. These tight spreads can be beneficial for traders, as narrower spreads reduce the cost of trading and increase the potential for profit.

It's worth noting that ETB BULLION does not charge any commissions for trading London Gold or London Silver.

Trading Rules

Transaction Hours

ETB BULLION has specific trading hours that vary depending on the season, ensuring that traders have a clear understanding of when the markets are open for trading activities. The trading hours are divided into two periods: summer and winter savings, each with its own designated times for trading, settlement, and clearing.

During the summer season, trading with ETB BULLION takes place from Monday morning at 06:00 until Saturday morning at 04:45. This provides traders with an extended trading week spanning across five and a half days. It's important to note that during summer, the settlement time occurs at 5:00, indicating the time when open positions are finalized and accounted for. Additionally, there is a clearing time period from 4:55 to 6:00, during which trading activity is temporarily halted. Traders should be aware that no transactions can be executed during clearing time.

In contrast, during the winter savings period, the trading hours are adjusted. Trading begins on Monday morning at 07:00 and concludes on Saturday morning at 05:45. The settlement time for winter savings occurs at 6:00, and a clearing time is observed from 5:55 to 7:00, during which trading activities are temporarily suspended.

Trading Platform

ETB BULLION offers its clients access to the widely recognized and trusted MT4 trading platform, which is known for its robust features and extensive functionality within the financial industry. The MT4 platform has gained popularity among traders worldwide due to its user-friendly interface, advanced charting tools, and comprehensive suite of trading capabilities.

By providing clients with the MT4 trading platform, ETB BULLION demonstrates a commitment to delivering a reliable and feature-rich trading experience. The platform's popularity and widespread adoption within the financial industry further attest to its effectiveness and the confidence it instills in traders. Traders who choose to utilize the MT4 platform through ETB BULLION can benefit from its advanced tools, intuitive interface, and comprehensive functionality, enhancing their trading capabilities and potentially improving their overall trading performance.

MT4

User Exposure on WikiFX

On our website, you can see one report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

The customer service of ETB BULLION can be reached through various contact channels, including a phone number, email address and online messaging. The provided phone number, +852 2682-3008, allows clients to directly connect with the customer service team for assistance or inquiries. Additionally, clients can reach out to ETB BULLION's customer service via email at cs@jf24k.com.

Registered address: Flat 1318, 13/F, Beverley Commercial Centre, 87 Chatham Road South, Tsimshatsui, Kowloon

Operating address: Flat 18, 13/F, Beverley Commercial Centre, 87-105 Chatham Road South, Tsimshatsui, Kowloon

Customer Service

Conclusion

ETB BULLION is a China-based precious metal brokerage firm that offers trading instruments like London Gold and London Silver. They provide various account types, including real and demo accounts, which can be upgraded based on accumulated points. Trading is conducted on the MT4 platform, and specific trading hours apply for different seasons. While the company provides contact information for customer service, their safety and legitimacy are questionable due to the lack of regulation and reports of scams.

Frequently Asked Questions (FAQs)

Q1: What trading instruments does ETB BULLION offer?

A1: ETB BULLION offers trading instruments such as London Gold and London Silver.

Q2: How can I upgrade my account with ETB BULLION?

A2: To upgrade your account, you need to accumulate points, which can be obtained through daily tasks.

Q3: What are the trading hours for ETB BULLION?

A3: Trading hours for ETB BULLION vary depending on the season. During summer, trading is available from Monday morning at 06:00 to Saturday morning at 04:45.

Q4: Does ETB BULLION have any regional restrictions?

A4: ETB BULLION does not provide services to citizens/residents of certain jurisdictions. For example: Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Türkiye, United States.

User comment

0

Comments

Write a review

No comment yet

start to write first comment

1
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com