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Company Name
鑫圣钜丰金业有限公司
Company Abbreviation
ETB BULLION
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
Note: ETB BULLION's official website: http://www.jf24k.com/ is currently inaccessible normally.
| ETB BULLIONReview Summary | |
| Founded | 2014 |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE (Suspicious clone) |
| Market Instruments | Precious metals, Bullion bars and coins, numismatic coins |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | Typically around 0.5% for gold and silver |
| Trading Platform | Meta Trader 4 (MT4) |
| Min Deposit | $0 |
| Customer Support | Email: cs@jf24k.com |
| Phone: +4006182188, 00852-2682 3008, 00852-2682 3008, 400-618-2188 | |
| QQ: 4006182188 | |
ETB BULLION Information
ETB Bullion provides precious metals like gold, silver, and platinum, bullion bars and numismatic coins for trading. Besides, the company's trading platform is based on Meta Trader 4, a widely used software in the financial industry. However, its regulation is suspicious.
Pros and Cons
| Pros | Cons |
| Popular trading platform MT4 | Suspected invalid regulation |
| Lack of transparency | |
| Limited trading assets | |
| Unavailable website |
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 7 complaints received by WikiFX in the past 3 months adds to the risk associated with this broker. Traders and investors should be cautious and be aware of the potential risks involved when dealing with this entity.
| Regulatory Status | Suspicious clone |
| Regulated by | Hong Kong |
| Licensed Institution | 寶富金業有限公司 |
| Licensed Type | Type AA License |
| Licensed Number | 037 |
What Can I Trade on ETB BULLION?
| Tradable Instruments | Supported |
| Precious metals | ✔ |
| Bullion bars | ✔ |
| Bullion coins | ✔ |
| Numismatic coins | ✔ |
| Shares | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
ETB BULLION offers three account types: STANDARD, PREMIUM and BUSINESS.
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 $10000 worth of gold or silver. However, it also has the potential to lose $10000.
Spread and Commission
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.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Web and Mobile | Beginners |
Deposit & Withdrawal
ETB Bullion does not have any minimum deposit requirements for its Standard or Premium accounts. However, there is a minimum deposit of $10000 for the Business account.
Deposit Options
| Deposit Option | Min Deposit | Fee |
| Bank wire | $0 | ❌ |
| Credit card | ||
| PayPal |
Withdrawal Options
| Withdrawal Option | Min Withdrawal | Fee |
| Bank wire | $0 | $25 |
| Credit card | / | |
| PayPal | 3% of the withdrawal amount |
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