Score

1.51 /10
Danger

DISCOUNT GOLD AND SILVER TRADING

Germany

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.04

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

DISCOUNT GOLD AND SILVER TRADING · Company summary
AspectDetails
Company NameDISCOUNT GOLD AND SILVER TRADING
Registered Country/AreaGermany
Founded Year5-10 years ago
RegulationUnregulated
Market InstrumentsPrecious metals (gold, silver, etc.)
Account TypesN/A
Minimum DepositN/A
Maximum LeverageN/A
SpreadsN/A
Trading PlatformsN/A
Customer SupportPhone: +1 800-375-4188, Email: melody@discountgoldandsilvertrading.net
Deposit & WithdrawalPersonal check, money order, cashier's check, bank wire, major credit cards

Overview of DISCOUNT GOLD AND SILVER TRADING

DISCOUNT GOLD AND SILVER TRADING, established in Germany 5-10 years ago, specializes in trading precious metals such as gold and silver.

Operating without regulatory oversight, it offers various payment methods including personal check and credit cards, with checks held until cleared.

The company imposes a flat $40 shipping fee on all orders and limits shipping to the United States. Customer support is available via phone and email.

Overview of DISCOUNT GOLD AND SILVER TRADING

Regulatory Status

DISCOUNT GOLD AND SILVER TRADING operates without regulatory licensing. This means it lacks official oversight from government agencies. Without regulation, customers can face risks related to transparency and consumer protection.

Pros and Cons

ProsCons
No minimum purchase requirementUnregulated
Multiple payment methodsLimited range of trading assets
Clear shipping policyShipping fee of $40 on all orders
Established customer supportLimited to U.S. shipping options

Pros:

  • No minimum purchase requirement: Customers can buy any amount of precious metals without a minimum threshold, accommodating various investment levels.
  • Multiple payment methods: Accepts personal checks, money orders, cashier's checks, bank wires, and major credit cards, offering flexibility in payment options.
  • Clear shipping policy: Provides transparent information about shipping methods and charges, ensuring customers know what to expect when ordering.

Cons:

  • Unregulated: Operates without regulatory oversight, which raises risks about consumer protection and transaction transparency.
  • Limited range of trading assets: Offers a narrower selection compared to some competitors, potentially limiting options for diversifying investments.
  • Shipping fee of $40 on all orders: Charges a flat shipping fee on every order, which adds to the overall cost, particularly for smaller purchases.
  • Limited to U.S. shipping options: Shipping options are restricted to the United States, potentially excluding international customers from purchasing.

Market Instruments

DISCOUNT GOLD AND SILVER TRADING offers precious metals such as gold, silver, platinum, and palladium for trading.

The inventory includes renowned items like American Gold Eagle, Silver Eagle, and Platinum Eagle, alongside numismatic products such as rare, investment-grade, and circulated coins. All numismatic gold coins are securely sealed and graded by top certification firms like NGC, PCGS, and ICG. For silver investors, options include bars, rounds, and 90% silver bags.

Foreign gold is available, excluding the Chinese Panda. The platform also provides options for gold self-directed IRA.

Market Instruments

Deposit & Withdrawal

DISCOUNT GOLD AND SILVER TRADING accepts payment via personal check, money order, cashier's check, bank wire, and major credit cards. While prices quoted are for cash transactions, credit card users do not incur additional bank charges. Personal checks are held until cleared, typically within 5-7 business days, ensuring secure transactions.

There is no minimum purchase requirement at DISCOUNT GOLD AND SILVER TRADING.

Shipping charges for all orders are a flat $40 fee. Most gold shipments are sent via registered and insured U.S. mail, while heavier silver packages are generally shipped using UPS ground.

Market Instruments

Customer Support

DISCOUNT GOLD AND SILVER TRADING offers customer support via phone at +1 800-375-4188 and email at melody@discountgoldandsilvertrading.net.

They are available during standard business hours for inquiries and assistance related to their products and services.

Customer Support

Conclusion

In conclusion, DISCOUNT GOLD AND SILVER TRADING is a specialized platform for trading in precious metals, primarily gold and silver.

The company operates without regulatory oversight, emphasizing a straightforward approach with clear shipping policies and multiple payment options.

FAQ

What types of payment does DISCOUNT GOLD AND SILVER TRADING accept?

They accept personal checks, money orders, cashier's checks, bank wires, and major credit cards.

Is there a minimum purchase requirement when trading with DISCOUNT GOLD AND SILVER TRADING?

No, there is no minimum purchase requirement.

How is shipping handled for orders placed with DISCOUNT GOLD AND SILVER TRADING?

Most gold packages are shipped via registered and insured U.S. mail, while silver packages typically use UPS ground.

What are the customer support options available?

Customers can reach support via phone at +1 800-375-4188 or email at melody@discountgoldandsilvertrading.net during business hours.

Are there fees associated with transactions at DISCOUNT GOLD AND SILVER TRADING?

They charge a flat $40 shipping fee on all orders, with no additional fees for credit card payments.

User Reviews

More

User comment

2

Comments

Write a review

Stalinium
more than one year
This is a terrible broker, and its customer support team does not exist at all. Trading with this broker is a waste of time and money. Don’t be silly, guys.
This is a terrible broker, and its customer support team does not exist at all. Trading with this broker is a waste of time and money. Don’t be silly, guys.
Translate to English
2023-03-01 09:55
Reply
0
0
IntJ
more than one year
DISCOUNT GOLD AND SILVER TRAD's website is all in Chinese and looks like it's from the last century. I don't know who would want to trade with it.
DISCOUNT GOLD AND SILVER TRAD's website is all in Chinese and looks like it's from the last century. I don't know who would want to trade with it.
Translate to English
2022-12-12 11:16
Reply
0
0