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CENTRAL BULLION -

Score

7.73 /10
Good

CENTRAL BULLION

Hong Kong

5-10 years

Regulated in Hong Kong

Type AA License

MT4 Full License

Regional Brokers

Medium potential risk

http://www.zrgold202.com

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index7.15

Business Index7.43

Risk Management Index8.90

Software Index9.42

License Index7.15

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

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

CENTRAL BULLION LIMITED

Company Abbreviation

CENTRAL BULLION

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-12-22
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

Good

CENTRAL BULLION

Hong Kong China

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw in Zhongrong .Be careful.

I applied for the withdrawal of $1000 at 14:00,25th,November.I have kept urging since yesterday.The related staff ignored me intentionally.

WEIsafe1188
2019-11-26 17:21
Others

CENTRAL BULLION & ZHONGRONG INTERNATIONAL Unscrupulous Platform

CENTRAL BULLION and ZHONGRONG INTERNATIONAL are one company. The platform closed my position without authorization and modified my order. On July 20th, after four a.m., the opening selling price of two US TECH100 orders was 0.16 lots at 15956 and 0.16 lots at 15946 respectively. At ten a.m., when I woke up, my order changed to 15856 and 15846. The opening time became after six a.m.

WANJIANGDETAOGE
2023-07-21 22:37
Unable to Withdraw

Unable to withdraw

On January 17th, I applied 2 withdrawals, since the card I bound was a second-class, only one of which was received. That day was Saturday, the bank didn’t address it. I was on the express during the weekend. I dealt with the card on Monday morning, at which time the customer service contacted me. But on Tuesday, he disappeared. With my constant urge, the customer service coped with my problem on 28th, now being disappeared again.

FX2328122342
2020-01-28 17:42
Others

Central Bullion Zhongrong International Unscrupulous Platform

Central Bullion and Zhongrong International is one company which is unscrupulous. The platform closed my position without authorization. US TECH100 open position selling price was 15944.500 and give me closing position price 16056.500. My balance at that time was more than 800 US dollars, and the deposit was sufficient. Unauthorized liquidation cost me $446.40. And the backstage even modified my orders. At 4:00 a.m. on July 20th, two US TECH100 orders opened at the selling price of 0.16 lots at 15956 and 0.16 lots at 15946. At 10:00 a.m., I woke up and saw that my order had changed to 15856 and 15846. And the opening time had changed to 6:32 a.m. and 6:45 a.m. I closed the market at 5:00 a.m., slept until 10:00 a.m. and woke up, and when I found an order problem, I closed all positions.

WANJIANGDETAOGE
2023-07-25 13:09
Others

Unauthorized closing of positions and modification of orders

Central Bullion and Zhongrong International is one company which is unscrupulous. The platform closed my position without authorization. US TECH100 open position selling price was 15944.500 and give me closing position price 16056.500. My balance at that time was more than 800 US dollars, and the deposit was sufficient. Unauthorized liquidation cost me $446.40. And the backstage even modified my orders. At 4:00 a.m. on July 20th, two US TECH100 orders opened at the selling price of 0.16 lots at 15956 and 0.16 lots at 15946. At 10:00 a.m., I woke up and saw that my order had changed to 15856 and 15846. And the opening time had changed to 6:32 a.m. and 6:45 a.m. I closed the market at 5:00 a.m., slept until 10:00 a.m. and woke up, and when I found an order problem, I closed all positions.

WANJIANGDETAOGE
2023-07-24 12:03
CENTRAL BULLION · Company summary
CENTRAL BULLION Review Summary
Founded2018
Registered Country/RegionHong Kong
RegulationChinese Gold & Silver Exchange Society (CGSE), Type AA License No. 202
Market InstrumentsLondon Gold, London Silver
Demo Account❌
LeverageUp to 1:500
SpreadNo spreads, $7.5 per transaction commission
Trading PlatformMetaTrader 4 (MT4)
Min Deposit$100
Customer SupportPhone: (852) 5287 6326
Email: service@zrgold202.com
Physical Address: Room F, 11/F, Chen Li Commercial Building, 8 Yongji Street, Hong Kong

CENTRAL BULLION Information

Central Bullion, founded in 2018, trades London Gold and London Silver under CGSE regulation in Hong Kong. MetaTrader 4 is used and leverage is up to 1:500. The platform features few payment choices and educational resources, and withdrawal issues have been reported.

CENTRAL BULLION Information

Pros and Cons

ProsCons
Regulated by CGSELimited to RMB Online Banking for deposits
Distinctive trading assets (London Gold and Silver)User reports of unauthorized actions and withdrawal issues
Leverage up to 1:500No demo account or other bonuses
Transparent fee structure, $7.5 per transaction commission
MT4 trading platform available

Is CENTRAL BULLION Legit?

Yes. CENTRAL BULLION has a Hong Kong Type AA License (No. 202) from the Chinese Gold & Silver Exchange Society (CGSE). The legal, industry-standard platform provides a dependent environment for precious metal merchants.

Is CENTRAL BULLION Legit?

What Can I Trade on CENTRAL BULLION?

For traders concentrated on precious metals, CENTRAL BULLION presents special possibilities by offering trading in LondonGold and LondonSilver.

Tradable InstrumentsSupported
Forex❌
Commodities✔
Crypto❌
CFDs❌
Indexes❌
Stocks❌
ETFs❌

Account Types

Central Bullion provides a Real Account (ID Card validation). Charges a set commission of $7.5 per transaction, it offers up to 1:500 leverage. The lowest deposit is $100; RMB internet banking handles withdrawals.

Leverage

With up to 1:500 leverage on the platform, traders may handle bigger positions with less financial commitment.

CENTRAL BULLION Fees

Although fees are usually clear and somewhat low, there are no spreads; merely a flat charge of $7.5every transaction.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4 (MT4)✔Desktop, Mobile (iOS/Android)All traders (beginner to advanced)
Trading Platform

Deposit and Withdrawal

CENTRAL BULLION only supports RMB Online Banking for both deposits and withdrawals. The minimum deposit is $100.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
RMB Online Banking$100NoneInstant

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
RMB Online BankingNot specifiedNoneNot specified

Customer Service

Central Bullion provides 5/24 customer assistance by phone and email among other ways.

Contact OptionsDetails
Phone(852) 5287 6326
Emailservice@zrgold202.com
Support Ticket System❌
Online Chat❌
Social Media❌
Supported LanguageChinese, English
Website LanguageChinese, English
Physical AddressRoom F, 11/F, Chen Li Commercial Building, 8 Yongji Street, Hong Kong
Customer Service

User Reviews

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User comment

3

Comments

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f4f4f4
more than one year
CENTRAL BULLION let me down big time. My $2000 withdrawal was ignored, and they messed with my trades without asking, costing me $562. Withdrawal issues and unreliable customer service make them a risky choice. Approach with caution!
CENTRAL BULLION let me down big time. My $2000 withdrawal was ignored, and they messed with my trades without asking, costing me $562. Withdrawal issues and unreliable customer service make them a risky choice. Approach with caution!
Translate to English
2023-12-19 19:21
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鸿水
more than one year
Recommend this platform! fees are extremely transparent, trading platform quite stable… they processed my withdrawal so timely. I have no problems in trading with this platform.
Recommend this platform! fees are extremely transparent, trading platform quite stable… they processed my withdrawal so timely. I have no problems in trading with this platform.
Translate to English
2022-11-28 19:01
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5