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.
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.
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.
provides access to the precious metals market; deals of any size are available (from 1 gram); affiliate program.
only bank transfer is offered for settlement.
BULLIONVAULT is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker BULLIONVAULT makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for 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 virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage 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 is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. 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 brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers 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 broker. BULLIONVAULT received a score of 1 of 5 on our resource.