menu
BullionVault provides access to the professional precious metals (gold and silver) market. Thus, such investments become available not only to large players, such as banks or companies, but also to private traders.
The BullionVault platform is operated by Galmarley Limited, a UK registered company headquartered in London.
BullionVault serves investors in over 175 countries through its website, which is available to clients in 10 different languages.
The company was founded in 2005 by Paul Tustein, who continues to lead it today.
Since 2008 the broker is a member of the London Bullion Market Association. In April 2009, the company was awarded the Royal Innovation Prize. And in 2013 she received the same award, only in the field of international trade for increasing exports.
Today the broker serves more than 65 thousand clients who store bullion with a total value of more than $ 2 2 billion.
An interesting fact about BullionVault is that one of the company's investors is the World Gold Council (WGC). With a large network of investors and all of their assets, BullionVault offers very competitive prices to its clients.
BullionVault actually acts as an exchange company that mediates between buyers and sellers of gold.
The authoritative Wall Street Journal claims that BullionVault's gold reserves exceed the gold and foreign exchange reserves of the central banks of Qatar, Hong Kong, Ireland and Canada.
The acquired gold and silver is stored in the vaults of Zurich, London, New York, Toronto and Singapore.
Trading conditions
According to the information on the website, the company receives income from four sources: fees for storage of the metal, commission, the difference between the sale and purchase rates, subject to gold trading with a broker, and interest income.
The client can purchase any amount of gold - from 1 gram to several bars. All information about varieties of gold, prices, benefits of investing in gold is published on the website in the section "Gold Guide".
Clients also have the opportunity to purchase silver, prices for which are set by other users in USD, EUR or GBP. It is important that the company does not provide loans and borrowings, and transactions are settled instantly.
Support service
The broker has several offices located in West London. Clients can turn to specialists for help in a personal meeting, while the website indicates that it is best to make an appointment in advance, this will reduce the waiting time. Although this is not a prerequisite.
Customer support is also available by email and phone from Monday to Friday. Outside working hours, a trader can leave a voice message on the answering machine and they will call him back.
Clients have access to the latest news and analytics, as well as articles on gold and silver. The site is easy to navigate even for beginners.
Pros:
provides access to the precious metals market; deals of any size are available (from 1 gram); affiliate program.
Minuses:
only bank transfer is offered for settlement.
BULLIONVAULT is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
BULLIONVAULT profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
.Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker or crypto exchnage.
In order to leave a review about the company, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.
Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. BULLIONVAULT received a score of 1 of 5 on our resource.