With the increasing popularity of online trading, investing in precious metals has become easier than ever before. There are several online platforms where you can trade precious metals such as gold, silver, and platinum. However, choosing the right platform can be overwhelming, given the numerous options available.
Before settling on a platform to trade precious metals, there are several factors one should consider. These factors include:
Regulation and licensing
Transaction fees
Security and safety of funds
Usability of the platform
Range of precious metals on offer
Customer support
BullionVault is an online platform that allows you to buy and sell physical gold, silver, and platinum. The platform is regulated by the Financial Conduct Authority (FCA) and its parent company is listed on the London Stock Exchange.
Transaction fees: 0.5% on the first $75,000, and as low as 0.05% for larger trades
Security: BullionVault's gold, silver, and platinum are stored in secure vaults and insured against loss
Usability: The platform is easy to use and offers a mobile app for trading on the go
Customer support: BullionVault offers 24/7 customer support
GoldSilver is an online platform that allows you to buy and sell physical gold and silver. The platform was founded by precious metals expert Mike Maloney and is headquartered in California.
Transaction fees: 0.5% on gold trades, and 1% on silver trades
Security: GoldSilver's gold and silver are stored in secure vaults and insured against loss
Usability: The platform is easy to use and offers a mobile app for trading on the go
Customer support: GoldSilver offers email support and phone support during business hours
JM Bullion is an online platform that allows you to buy and sell physical gold, silver, platinum, and palladium. The platform is headquartered in Texas and accepts payment in Bitcoin.
Transaction fees: Varies depending on the type and quantity of precious metal being traded
Security: JM Bullion's precious metals are stored in secure vaults and insured against loss
Usability: The platform is easy to use and offers a mobile app for trading on the go
Customer support: JM Bullion offers email and phone support
APMEX is an online retailer that allows you to buy and sell physical gold, silver, platinum, and palladium. The platform is headquartered in Oklahoma and has been in operation for over 20 years.
Transaction fees: Varies depending on the type and quantity of precious metal being traded
Security: APMEX's precious metals are stored in secure vaults and insured against loss
Usability: The platform is easy to use and offers a mobile app for trading on the go
Customer support: APMEX offers email and phone support, as well as a live chat feature
Investing in precious metals is a great way to diversify your portfolio and protect your wealth. With the right online platform, investing in precious metals can be both easy and profitable. When choosing an online precious metal trading platform, it is important to consider factors such as regulation and licensing, transaction fees, security, usability, range of precious metals on offer, and customer support. The platforms highlighted in this article – BullionVault, GoldSilver, JM Bullion, and APMEX – are excellent options that tick all the boxes when it comes to trading precious metals online.
