In 2023, it can be hard to trust any trading website at first glance; there are so many of them! The best thing you can do to get started in the exciting world of precious metal investments is to check as many reviews as you can.
Here, we’ll take a look at Bullion Trading LLC. This company has been on the market for quite a few years, and it offers many services that could be appealing to you.
Is Bullion Trading LLC legit? If you’ve finally decided to give a trading website a try, keep reading. You might find some useful information below!
What’s Bullion Trading LLC?
Bullion Trading LLC (also referred to as “BullionTradingLLC” among some users) is a family-owned business. It specializes in buying, selling, and trading bullion and valuable rare coins directly with its customers.
Even though you can purchase your gold/silver coins through the company’s website, you can also talk to a representative in person. The company is physically located at 20 West 47th Street New York, New York, specifically in Midtown West. It prides itself in being just two blocks from Times Square.
Bullion Trading has been around since 2009. Even though it may not be as old as other reputable precious metal companies out there, it still has over a decade of experience. Whether you have buying experience or not, you’re expected to have no issues when using this platform.
About Bullion Trading LLC’s Website
The main attraction of Bullion Trading LLC is its website. There, you can create an account, check out the latest market trends, and discover all the precious metals the team has to offer.
Those new to the precious metals experience may want to take their time when browsing the Bullion Trading website. It has plenty of information on display, so trying to dive right into trading may become overwhelming.
Thankfully, the website carefully categorizes every piece of information you may need, so you won’t have any issues finding what you’re looking for. Even if you have any questions that may not be on the page, you can talk to the team’s online assistant.
Compared to other websites out there, we believe that Bullion Trading LLC has done a great job of outlining everything you should know about it.
What Precious Metals Can You Buy from Bullion Trading LLC?
Bullion Trading LLC specializes in gold and silver bullion, rare coins, and more. When you visit the official website, you’ll be greeted with this general list:
If you hover over each category, you’ll get a wider list of the items you can buy. With gold, for example, you can get:
- U.S. Gold Coins
- Australian Gold Philharmonics
- Canadian Gold Coins
- Krugerrand Coins
- 1-10 Ounce Bars
- Gram/Kilogram Bars
The same goes for silver. You can get the following:
- Ounce/Gram/Kilogram Bars
- U.S. Silver Coins
- Silver Rounds
- Government Mint Silver Coins
- Canadian Silver Coins
Keep in mind that this is just an overview. The company has a much wider range of products in stock, including platinum and palladium. We encourage you to check out the full list for each precious metal and discover all the options available.
If you’re unsure of what to buy, you can also check the “Featured Products” section. It gives you a list of the most popular precious metals you can buy at the moment. There are precious metals available at a variety of prices, so no matter the budget you have, you will find something that fits your goals.
Something interesting we liked about Bullion Trading LLC is the fact that it sells casting grains. Not many companies do that. If you’re someone who produces jewelry, the casting grains offered here may be a great option to save money in the long run.
If you haven’t seen the review, check out a competitor, Bold Precious Metals.
You’ll see how they compare and contrast while offering similar products and services.
Neither company made our list of the best gold investment companies, so make sure to check that out as well.
How Do You Buy Gold or Other Precious Metals from Bullion Trading LLC?
You have plenty of options to do business with Bullion Trading LLC. If you’re interested in buying, the first option is to go to the company’s physical location. This is the best way to consider if you live nearby and want to look at the precious metals collection in person.
If you’re not tech-savvy, you can call a company representative and let them set up your account and order. All you have to do is give them the necessary information about your purchase, and they’ll set up the rest, including shipping and other details.
Finally, you have the option to use the official website. This is the most popular option for most people, as it gives access to anyone around the country to place their orders without any hassle.
If you want to make an online purchase, you first have to create an account. Then, you must set up a payment method (more on that later) and start adding all the products you want to the cart.
Once you place your order, you have five days to send the payment to Bullion Trading LLC. Otherwise, you’ll have to pay a $30 late fee.
A great benefit of Bullion Trading LLC is that you can set up price locks. This means that, once you place your order, the listing price for the precious metals you chose won’t change. Although this is great news for all users, keep in mind that you’re required to send the money within the five-day deadline. Otherwise, you’ll have to pay extra fees, including market loss penalties (if applicable).
How Does Shipping Work for Purchases?
You’ll get your items shipped via UPS or USPS, whichever you choose. The great news here is that every shipment is insured until it arrives at its destination. If there were to be any issues with your package, the company would reimburse the losses through an insurance claim.
Unfortunately, the company doesn’t list its shipping prices on the website, which may put off some potential customers. However, these rates are applied automatically during checkout, so this shouldn’t be a big issue for most people.
You can choose expedited/priority shipping if you’re in a hurry to get your items. However, they will result in higher fees.
What If You Want to Sell Gold or Silver?
Bullion Trading LLC is available 24/7 for those who want to sell their precious metals or valuable rare coins. The most interesting thing about this process is that you don’t have to talk to anyone from the company to process the sale.
When you want to sell something on Bullion Trading LLC, you must create an account, click on “Sell to Us,” and follow the instructions. Usually, what you’ll have to do is choose all the items you plan on selling, enter the quantity, and fill out the contact form. This will help you lock the price.
Bullion Trading will send you an email with shipping instructions, make sure to follow them correctly to avoid mistakes. Finally, the team will inspect each item before approving the sale. If everything goes according to plan, you’ll receive your money within three business days.
The company provides UPS shipping labels, so you can either schedule a pickup or drop off the package at your local UPS. You can also ship on your own if you feel comfortable with that.
Bullion Trading’s purchase minimum is $1,000, so keep that in mind before making your sale. If you don’t feel ready to use the company’s self-service option online, you can sell your items over the phone too.
Which Payment Methods Does Bullion Trading LLC Accept?
According to the official website, Bullion Trading offers online payment processors, debit/credit cards, wire transfers, and checks. The services include:
- American Express
You can save your payment methods in your online account if you want to make faster transactions later. The website works with strict security guidelines to ensure that your personal information doesn’t get leaked to any third parties.
Currently, Bullion Trading LLC doesn’t accept cash payments.
About the “Gift” Section at Bullion Trading LLC
There’s a “Gift” tab on the Bullion Trading LLC website that allows you to get unique items for your loved ones. These gifts include golf tees, silver bullets, and even gold/silver bars from the company’s “Religious Collection.”
Of course, you can also buy these items for yourself, but if you’re struggling to come up with ideas for your next gift, that section may help you.
Does Bullion Trading LLC Offer a Buy-Back Program?
Yes! You can easily sell back your precious metals or valuable rare coins directly to the company. All you have to do is follow the same process to sell that we explained above.
Keep in mind that this doesn’t guarantee you’ll get the same amount of money for the precious metal that you invested at first, as everything depends on current market rates. If you have any specific doubts about the company’s selling program, you should ask an agent directly.
Can You Open an IRA Through Bullion Trading LLC?
One reason why many investors love online trading websites is that they can manage their IRA through them. Unfortunately, not all companies offer these services.
At the time of writing, Bullion Trading LLC doesn’t have any IRA-related services, meaning you can’t open this kind of account with it. If you already have an IRA, however, you could buy a few precious metals from the company to fund the account, as long as they’re compliant with IRS guidelines.
You must first have to talk to your IRA custodian and ask them to fund your account. They’ll know which precious metals are compliant with the IRS, so they’ll handle the entire process on your behalf.
Can You Request a Refund?
Yes, you can cancel orders and request refunds if you’re not happy with your purchase.
If you want to cancel an order, you must call the company directly or send an email to the customer service department. Depending on the case, Bullion Trading LLC could offer a replacement for your product if that’s what you’re unhappy with.
It’s important to note that Bullion Trading LLC will charge you a $35 cancellation fee, as well as a market penalty loss.
The company can also cancel your order if you haven’t paid them after a certain period and it hasn’t sent the products yet.
As for refunds, you have five days after receiving the precious metals to set up the return. You must contact the customer service department as soon as possible to get instructions to ship everything back to Bullion Trading LLC.
Customers are required to keep the items in their original packaging. They should also return the products in the same condition they arrived. Otherwise, the company may deduct damage costs from the refund amount.
After receiving the product and reviewing its condition, the company will issue the refund within a few days. Keep in mind that, while you’ll get refunded for the price of what you bought, you won’t be reimbursed for shipping and handling fees, as they’re non-refundable, according to the company.
Bullion Trading LLC may also charge customers a 10% restocking fee, which will come from the total order amount. If there are any extra penalties to charge, the company will set up the payment method you used for the order to cover them.
Are There Any Market Research Options at Bullion Trading LLC?
A fantastic thing about Bullion Trading LLC’s website is that it offers plenty of options for those who want to do market research (or research in general) before placing their order.
There are about five options you can consider for getting information here:
When you visit the Bullion Trading website, you’ll immediately see a market price ticker at the top. Rest assured that the information gets updated frequently, so you’ll have the latest data before making any decision, whether it’s buying or selling.
If you want more than what the top of the website shows, you can check the “Charts” section. It’ll give you information on gold, silver, platinum, and palladium rates, as well as a general overview of some terms you should be aware of.
There’s a “Research” tab on the website where you can get in-depth information about certain topics, including:
- Australian Mint
- South African Mint
- PAMP Suisse Refinery
- Royal Canadian Mint
- Valcambi Mint
- And more
Bullion Trading LLC’s blog is where you’ll get the latest news and trends regarding precious metals.
The blog includes guides on how to invest in certain metals, how gold compares to silver, and even how to avoid scammers while placing orders online.
There are dozens of blog pages you can browse today, so if you’re interested in expanding your knowledge about these metals, Bullion Trading LLC has got you covered.
You can subscribe to the Bullion Trading LLC newsletter if you’re interested. All you have to do is enter your email address and click on “Subscribe.”
Once you’re subscribed, you’ll receive email updates on the latest market trends, special offers and deals, and more.
Bullion Trading LLC has a comprehensive FAQ section where you can get answers to some of the most common concerns users have before using the website, such as the company’s address, trading hours, minimum amounts of investment, etc.
Keep in mind that this section is only meant to answer basic questions. If you have more specific concerns, you should go to the Customer Care department.
What About the Customer Service?
Bullion Trading LLC has quite a few options for customer service. The best one is the in-person service, as you’ll get to talk to someone directly and review your options right away.
If going to the physical location isn’t an option, you can also contact the company via phone, send an email, or talk to the customer service chatbot. You may also contact the team through its different social media accounts, including Instagram, Facebook, Twitter (X), and even LinkedIn.
The waiting times for customer service will depend on which method you use, but you won’t have to wait too long in most cases.
What Do Other Bullion Trading LLC Reviews Say?
Currently, there are only a few Bullion Trading LLC reviews online, but they’re more than enough for the average user to make a decision.
Trustpilot, which is one of the leading review websites on the internet, has an average of 3.7/5 stars for Bullion Trading LLC. The company has also a profile on the Better Business Bureau, another authoritative review website.
Its current BBB rating is A+, which is the highest a business can get. The business also has an official BBB accreditation badge.
Even though Bullion Trading LLC doesn’t have as many reviews as other companies out there, it’s safe to say that this is a trustworthy option for investors.
Our Bullion Trading LLC Review Verdict | Is It Worth Your Time?
Bullion Trading LLC (or simply “BullionTrading” or “Bullion Trading”) is a great solution for those wanting to invest in precious metals without risk. Even if you don’t have experience with the buying/selling process, you can use the company’s resources to learn at your own pace.
We suggest you carefully review the price of the precious metals and potential fees before placing your order.
If you’re looking for a company to open your IRA with, Bullion Trading LLC may not be for you. Other than that, this is a solid company with a wide range of products and services. Feel free to check out its website for more information.