Asia Pacific Bullion Limited

Overview of Asia Pacific Bullion Limited

Asia Pacific Bullion Limited is a company based in Hong Kong, operating under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society. It holds a License type AA (Private license) with the regulatory license number 088, indicating its compliance with Hong Kong regulations. However, the company has faced 12 investor complaints in the past three months, suggesting potential issues that investors should exercise caution and perform thorough due diligence when considering involvement with this entity.

Asia Pacific Bullion Limited offers market instruments such as London Gold and London Silver, allowing investors to engage in trading activities related to physical gold and silver in the London market. They offer a simplified account structure and accept various currencies for deposits and withdrawals, subject to conversion at market exchange rates. The company utilizes the MT4 trading platform, providing real-time quotes and user-friendly tools. While they offer educational tools such as real-time quotes and market news updates, reviews and complaints from users raise concerns about their customer support and operational practices.

Pros and Cons

Asia Pacific Bullion Limited presents several notable advantages, including its regulation by a recognized authority, offering London Gold and London Silver trading, no minimum deposit requirement, multiple support contact channels, and access to real-time market data. However, it faces some challenges, including recent investor complaints, high spreads for precious metals, processing fees for withdrawals, and a limited range of available account types.

Is Asia Pacific Bullion Limited Legit？

Asia Pacific Bullion Limited, operating under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society in Hong Kong, holds a License type AA (Private license) with the regulatory license number 088. This information suggests that the company is subject to regulation in Hong Kong by a recognized authority. However, it is worth noting that there have been 12 investor complaints against the trader in the past 3 months, highlighting the importance of exercising caution and conducting thorough due diligence when considering investment with this entity.

Market Instruments

1. London Gold: Asia Pacific Bullion offers London Gold as one of its market instruments. This instrument represents the price and trade of physical gold in the London market. Investors can trade in London Gold to speculate on the price movements of this precious metal. It is a widely recognized and traded asset in the global financial markets.

2. London Silver: Asia Pacific Bullion also provides London Silver as a market instrument. Similar to London Gold, London Silver represents the price and trade of physical silver in the London market. Investors can engage in trading London Silver to take advantage of price fluctuations in the silver market. It is another well-known and commonly traded asset in the world of commodities.

Pros and Cons

Account Types

Asia Pacific Bullion offers one type of trading account for its clients, providing a simplified account structure.

How to Open an Account

To open an account with Asia Pacific Bullion Limited:

1. Click “Open an Account” on their website.

   

2. Sign the Account Opening Agreement with your personal information.

   

3. Submit the agreement and required documents as instructed.

4. Bind your customer center account with the company.

5. Provide details for verification, including selecting MT4 as the trading platform, choosing a Standard account type, entering your name, providing your phone number with the country code, completing picture and phone captchas, and submitting your email address and ID card information. You can also enter an account opening invitation code if applicable.

Spreads

Asia Pacific Bullion Limited offers spreads on precious metal products, with specific values provided for London Gold and London Silver. As of the last trade, the spread for London Gold is 8.48, with a high of 1961.98 and a low of 1961.44. For London Silver, the spread is -0.16, with a high and low both at 723.69.

Deposit & Withdrawal

To withdraw funds, members can log in and select “out of money” to access the withdrawal page. They need to input the bank account holder's name, the desired withdrawal amount, confirm the transaction, and then submit it for audit. The account currency is designated as USD, and any deposits or withdrawals in other currencies, such as RMB or HKD, will be converted at the market exchange rate published by the company, with no additional fees charged. Debit cards are accepted for online deposits, while credit cards are not eligible for payment. There is no minimum deposit amount. There is a processing fee of 0.5% for wire transfers and 1% for bank checks.

Pros and Cons

Trading Platforms

Asia Pacific Bullion Limited offers the MT4 trading platform, a globally recognized platform that integrates market charts, technical analysis, and trading functionalities. This platform enables order placement, position management, and data analysis, providing real-time quotes and user-friendly tools. Additionally, the company provides web-based and mobile trading platforms for accessibility, making it suitable for a range of trading preferences and styles.

Pros and Cons

Educational Tools

1. REAL-TIME QUOTES: Asia Pacific Bullion Limited offers real-time quotes to provide timely market data for informed decision-making. These quotes include current prices and fluctuations of various precious metals such as gold, silver, and platinum. Users can access up-to-the-minute pricing information to track market trends. For instance, users can monitor the live price of gold to make investment choices based on real-time data.

2. MARKET NEWS: Asia Pacific Bullion Limited provides market news updates to keep users informed about relevant events affecting the precious metals market. These updates cover topics like market analysis, economic indicators, and geopolitical developments that can impact metal prices. For example, users can receive news about how non-agricultural surges affect gold prices and ETF holdings, allowing them to stay updated on market dynamics.

Customer Support

Asia Pacific Bullion Limited offers customer support through multiple contact channels. You can reach them at their Hong Kong office at room 1006 Wing Fu Building, 22-24 Wing Kut Street, with a fax option at (852) 23636669 and a telephone line at (852) 6872 9828. Additionally, they provide a hotline at the same number for immediate assistance. For online inquiries, you can use their service mailbox at mt4@gold9188.com or contact their sales team via sale@gold9188.com. They also offer an online message platform where users can leave messages, including their full name, phone number, email, a verification code, and a message of 8 to 300 words.

Reviews

Reviews of Asia Pacific Bullion on WikiFX reveal several concerns and complaints from users. Some users reported difficulties in withdrawing funds, with delays and lack of response from the company's support team. One user mentioned a substantial deposit but faced challenges in getting their withdrawal processed. There are also allegations of fraudulent practices, with users claiming they were misled into trading gold instead of stocks, resulting in significant losses. Additionally, there are complaints about unresponsive customer service and difficulties in obtaining information about the company's agents. Overall, these reviews raise serious concerns about the company's operations and customer satisfaction.

Conclusion

In conclusion, Asia Pacific Bullion Limited operates under the regulatory jurisdiction of the Chinese Gold & Silver Exchange Society in Hong Kong, holding a License type AA (Private license). While this regulatory oversight provides a level of assurance, it is noteworthy that the company has faced 12 investor complaints in the past three months, indicating potential risks associated with investment. The market instruments offered, including London Gold and London Silver, are well-recognized, but the company provides only one type of trading account, which simplifies its account structure. Spreads are available for precious metal products, with specific values for London Gold and London Silver. The deposit and withdrawal process involves currency conversion and varying processing fees. Asia Pacific Bullion Limited offers the MT4 trading platform and additional web-based and mobile options. The availability of real-time quotes and market news aids in informed decision-making. Customer support is accessible through multiple channels. However, it is important to note that reviews on WikiFX raise concerns about delayed withdrawals, alleged fraudulent practices, unresponsive customer service, and difficulties in obtaining information about the company's agents, suggesting potential issues with its operations and customer satisfaction.

FAQs

Q1: Is Asia Pacific Bullion Limited a legitimate company？

A1: Yes, Asia Pacific Bullion Limited is regulated by the Chinese Gold & Silver Exchange Society in Hong Kong and holds a Private license (License type AA), indicating it operates under recognized authority. However, there have been 12 recent investor complaints, so caution is advised.

Q2: What market instruments does Asia Pacific Bullion Limited offer？

A2: Asia Pacific Bullion Limited provides trading instruments like London Gold and London Silver, allowing investors to trade physical gold and silver prices in the London market.

Q3: What types of accounts are available at Asia Pacific Bullion Limited？

A3: Asia Pacific Bullion offers a single trading account, simplifying the account structure for its clients.

Q4: How can I open an account with Asia Pacific Bullion Limited？

A4: To open an account, visit their website, sign the Account Opening Agreement, submit the required documents, and complete the verification process, including platform selection and account type.

Q5: What are the spreads offered by Asia Pacific Bullion Limited？

A5: Asia Pacific Bullion Limited offers specific spreads for London Gold and London Silver. As of the last trade, the spread for London Gold is 8.48, and for London Silver, it's -0.16.