ETB BULLION Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 18:28

Abstract：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.

　　Note: ETB BULLION's official website: https://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