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/10

DISCOUNT GOLD AND SILVER TRADING

Germany Germany | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.discountgoldandsilvertrading.net/

Website

Rating Index

Contact

+1 800-375-4188
http://www.discountgoldandsilvertrading.net/
PO Box 276 Berlin , MD 21811

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Germany
Operating Period
5-10 years
Company Name
DISCOUNT GOLD AND SILVER TRADING
Customer Service Email Address
melody@discountgoldandsilvertrading.net
Contact Number
+18003754188
Website
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Company Summary
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Official Website

Website

  • discountgoldandsilvertrading.net
    64.29.145.9
    Server Location
    United States United States
    ICP registration
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DISCOUNT GOLD AND SILVER TRADING

Related Companies

DISCOUNT GOLD & SILVER TRADING CO.(Pennsylvania (United States))
United States
DISCOUNT GOLD & SILVER TRADING CO.(Pennsylvania (United States))
Active
United States
Registration No.3178073
Established
Related sourcesWebsite Announcement
Employees

Company Profile

Company Profile

Review 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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with DISCOUNT GOLD AND SILVER TRADING?

Yes, trading with DISCOUNT GOLD AND SILVER TRADING carries a significantly elevated level of risk. The broker operates without any verified regulatory oversight from a mainstream financial authority, meaning client funds are not protected by standard compensation schemes and there is no formal dispute resolution mechanism. This, combined with its low WikiFX score of 1.56 and status of 'Suspicious Scope of Business', indicates an entity with substantial credibility and security concerns for potential traders.

Three days ago
United States

When was DISCOUNT GOLD AND SILVER TRADING established?

Based on its operational history, DISCOUNT GOLD AND SILVER TRADING has been active for a period of 5 to 10 years. The firm is registered in Germany, but specific foundational details such as a precise establishment date are not publicly disclosed by the company.

Three days ago
United States

Is DISCOUNT GOLD AND SILVER TRADING suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose DISCOUNT GOLD AND SILVER TRADING or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

Three days ago
United States

What essential information should I know before trading with DISCOUNT GOLD AND SILVER TRADING?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

Three days ago
United States
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