ETB BULLION Forex Broker

Note: ETB BULLION's official website: http://www.jf24k.com/ is currently inaccessible normally.ETB BULLIONReview SummaryFounded2014Registered Country/RegionHong KongRegulationCGSE (Suspicious clone)Market InstrumentsPrecious metals, Bullion bars and coins, numismatic coinsDemo Account/LeverageUp to 1:100SpreadTypically around 0.5% for gold and silverTrading PlatformMeta Trader 4 (MT4)Min Deposit$0Customer SupportEmail: cs@jf24k.comPhone: +4006182188, 00852-2682 3008, 00852-2682 3008, 400-618-2188QQ: 4006182188ETB 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 ConsPros Cons Popular trading platform MT4Suspected invalid regulationLack of transparencyLimited trading assetsUnavailable websiteIs 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 cloneRegulated by Hong KongLicensed Institution 寶富金業有限公司Licensed TypeType AA LicenseLicensed Number037What 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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Web and MobileBeginnersDeposit & 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 OptionMin DepositFeeBank wire$0❌Credit cardPayPal Withdrawal Options Withdrawal OptionMin Withdrawal FeeBank wire$0$25Credit card/PayPal3% of the withdrawal amount