Goldco vs Monex: An In-Depth Showdown

Are you trying to choose between Goldco and Monex for your precious metal investments? This article provides an impartial and straightforward comparison of these gold IRA giants, focusing on investment options, fees, and service quality. In our “Goldco vs Monex” analysis, without endorsing one over the other, we furnish you with the necessary details to determine which company better suits your investment needs.

Key Takeaways

Goldco vs Monex: A Comprehensive Comparison


A comprehensive comparison of Goldco and Monex should take into account four key areas:

  1. Gold IRA offerings

  2. Fees and charges

  3. Investment options

  4. Customer service

Each company’s unique strengths and potential drawbacks in these areas warrant a detailed analysis for potential investors.

Gold IRA Offerings

Goldco and Monex differentiate themselves as precious metals ira companies in the market with unique gold IRA offerings. Goldco offers a self-directed precious metals IRA with options for gold and other precious metals like silver, platinum, and palladium. They also offer secure depository facilities for storage, ensuring the safety of your investment in precious metals iras.

The minimum investment required to establish a gold IRA with Goldco is $25,000. This positions Goldco similar to Noble Gold Investments, offering a variety of precious metals investment options for those willing to make a substantial initial investment.

Like Goldco, Monex also offers investment opportunities in gold, silver, platinum, and palladium. However, they further expand their investment options with gold bullion bars, gold coins, and Gold IRA accounts. This diversity in investment options sets Monex apart, catering to a wide array of investor preferences.

Fees and Charges

A potential investor needs to be aware of the fees and charges associated with a gold IRA. Gold IRAs typically incur higher fees compared to other asset classes, including:

Goldco offers the following fees:

During liquidation, one must bear in mind the costs tied to shipping and insuring gold coins and bullion, as well as the expenses incurred by liquidating a portion of your gold holdings. This highlights the need for potential investors to fully understand the associated fees before committing to gold IRA investments.

Investment Options

Goldco and Monex provide an array of investment options, allowing investors to diversify their portfolios with a selection of precious metals. Both companies offer investment opportunities in gold, silver, platinum, and palladium. Goldco offers investments in gold through their Gold IRA, whereas Monex provides gold investments such as gold bullion bars, gold coins, and Gold IRA accounts. The companies’ offerings demonstrate their commitment to providing diverse options to cater to different investor preferences.

In addition to precious metals, Goldco provides the opportunity for investors to allocate funds into alternative assets including real estate, private equity, commodities, and private placements. Monex, on the other hand, expands its investment options beyond precious metals, providing gold bullion bars, gold coins, silver products, T-Bills, Gold IRA accounts, and gold and silver coins, including a variety of silver coins. This broad range of investment options further enhances the investor’s ability to diversify their portfolio.

Customer Service

Customer service is key in assisting clients with the setup and management of their gold IRAs. Goldco’s customer service includes:

On the other hand, Monex customer service operates from Monday to Friday, from 9:00 am to 5:00 pm. Both companies strive to offer resources and support specifically aimed at investment management and ensuring customer satisfaction.

Despite the different operating hours, both companies are committed to delivering excellent customer service, helping clients navigate their gold IRA investments and providing necessary resources and support to ensure a seamless investment experience.

Company Backgrounds


Gaining knowledge about a gold IRA company’s history and mission can shed light on their business approach and commitment to customer service. We’ll explore the backgrounds of Goldco and Monex, providing a clearer picture of these industry leaders.



Established in 2006 by Trevor Gerszt, Goldco has made a mark in the precious metals sector, offering investors tangible gold and silver assets. The company is recognized for its commitment to transparency, integrity, and customer satisfaction, as reflected in their core values and mission statement. Partnering with birch gold group, they continue to provide exceptional services in the industry.

Goldco, a reputable gold IRA company, distinguishes itself from other gold IRA companies through:

The company has been recognized for its commitment to providing financial security, as evidenced by its accreditation from the Better Business Bureau (BBB) and its high ranking as a Gold Company on the Inc. 5000 list.



Monex Precious Metals, on the other hand, has been a stalwart in the precious metals industry since the 1960s, with its official establishment in 1987. The company is headquartered in Newport Beach, California, and has a longstanding involvement in the physical precious metals industry. Augusta Precious Metals is another notable name in this sector.

Monex primarily focuses on providing a world-class two-way buy and sell market for investors looking to diversify their portfolios with precious metals. The company’s extensive experience in asset trading contributes to the perception of a secure investment.

Monex has also obtained accreditations from UKAS (United Kingdom Accreditation Service) and RvA (The Dutch Accreditation Council), showcasing their dedication to meeting international standards. The company has received industry recognition, with Monex USA being the recipient of 3 awards in 2023 and 1 award in 2022.

Compliance and Accreditation

In the sphere of gold IRA investments, a company’s credibility and reliability hinge heavily on its compliance and accreditation. We’ll examine how Goldco and Monex stack up in these areas.


Goldco ensures compliance with regulatory bodies and adheres to industry best practices, collaborating with gold IRA custodians possessing extensive experience in the precious metals industry and complying with IRS regulations for storing gold IRA assets.

The company has obtained top accreditations in the gold IRA industry, such as an A+ rating from the Better Business Bureau and a Triple-A rating from Business Consumer Alliance. These accreditations, coupled with their commitment to transparency and trust, make Goldco a reliable choice for gold IRA investments.

However, it’s worth noting that Goldco has encountered legal scrutiny due to a lawsuit alleging failure to uphold contractual obligations and misrepresentation of certain aspects of the investment process. This highlights the importance of thoroughly researching a company’s compliance and accreditation before making an investment decision.


Monex, as a precious metal dealer, is subject to regulation under several provisions such as the Stock Market Law, the General Provisions Applicable to Brokerage Houses, and the CNBV. The company has a firm dedication to achieving world-class compliance and maintaining strict adherence to all applicable regulations and codes.

Monex has obtained accreditations from UKAS (United Kingdom Accreditation Service) and RvA (The Dutch Accreditation Council), showcasing their dedication to meeting international standards. These accreditations underscore Monex’s commitment to maintaining high standards in their operations.

In terms of recognition, Monex has been honored with several industry awards, further cementing their reputation as a reliable and trustworthy investment platform.

Customer Reviews and Testimonials


Customer reviews and testimonials offer vital insights into a company’s performance from the viewpoint of its users. We’ll dissect the reviews and testimonials for Goldco and Monex, underscoring their strong points and potential areas of improvement.


Goldco customers typically convey a high level of satisfaction with the company’s services, as indicated by numerous positive reviews on platforms such as TrustPilot. The company provides educational resources aimed at helping investors gain an understanding of alternative investment options, which are highly appreciated by customers.

Goldco’s customers frequently emphasize the exceptional services offered during the investment process. The assistance provided by dedicated account representatives to customize guidance in line with their financial objectives is often highlighted in positive reviews.

However, several reviews have highlighted the company’s lack of transparency and incomplete disclosure of transaction details as areas for improvement. Most of these negative reviews have been effectively resolved, demonstrating Goldco’s commitment to customer satisfaction.


Monex customers have predominantly favorable opinions about the company’s investment options. They value the security and expertise in trading assets, as well as the opportunity to purchase and sell investment-grade precious metals. The customer support of Monex has been highly praised, especially with clients giving them an ‘Excellent’ rating on Trustpilot and the Monex Deposit Company achieving a 5-star rating.

However, like any company, Monex has its share of criticisms. Some customers have raised concerns about the absence of FDIC insurance for money market funds and the inherent risks in stock investments that may result in the complete loss of the investment.

Additional Services

Additional services provided by Goldco and Monex, such as buyback programs, storage options, and educational resources, offer added value for investors.

Let’s take a closer look at what each company has to offer.


Goldco offers a buyback program, allowing users to sell their precious metal assets back to the company at the highest price. This program provides a streamlined process for clients to liquidate their precious metals assets in the event of needing to adjust to altered financial situations.

In terms of storage, Goldco allows clients to store their gold IRA assets at home or with a reputable bullion depository such as the Delaware Depository. This offers flexibility and convenience for investors, ensuring the safekeeping of their investment.

Goldco also provides educational resources aimed at helping investors gain an understanding of alternative investment options. This commitment to education can empower investors to make informed decisions about their investments.


Monex provides a Buy-Back Program for precious metals, encompassing gold and silver. They are willing to purchase investment-quality gold acquired from other reputable sources. This program offers liquidity for investors, simplifying the process of selling metals back to the company.

Monex is capable of facilitating the secure storage of your gold bullion or coin investments. They ensure the delivery of gold with full title and ownership in your name to one of the independent bank/depository facilities that provide storage for Monex customers.

Apart from their buyback program and storage facilities, Monex provides the following educational resources for investors:

Pros and Cons

Identifying the advantages and disadvantages of investing with Goldco and Monex can guide potential investors towards a well-informed decision. We’ll assess the merits and shortcomings of both companies.


Investing with Goldco comes with several benefits, such as:

Goldco’s fee structure includes the following restrictions and limitations:

While competitive, these restrictions should be taken into consideration when choosing Goldco as your investment option.

Despite these drawbacks, Goldco has been recognized for delivering outstanding customer service, as demonstrated by over 4,500 5-star customer ratings on multiple platforms such as Google, Trustpilot, and the Better Business Bureau.


Investing with Monex offers the benefit of precious metals investing:

Monex’s fee structure includes an annual maintenance fee of $180.00 per account. However, potential investors should compare this fee to those of other services to determine its competitiveness.

Despite its strengths, Monex is not without its drawbacks. Several prevalent criticisms include the absence of FDIC insurance for money market funds and the inherent risks in stock investments that may result in the complete loss of the investment.


When it comes to investing in gold IRAs, both Goldco and Monex stand out as leading options. They each offer a variety of investment options, competitive fees, and exceptional customer service. However, they also have their unique strengths and potential drawbacks.

Goldco shines with its exceptional customer service, commitment to transparency, and competitive pricing for larger investments. On the other hand, Monex offers a robust online trading platform, a wide range of trading platforms, and flexibility in deposit and withdrawal options. Choosing between the two ultimately depends on your specific investment needs and preferences.

Frequently Asked Questions

Is Goldco a reputable company?

Yes, Goldco is a reputable company known for its direct purchase of precious metals, which is a unique service in the market. This makes them a reliable option for those who are looking for safe-haven investments.

What is the difference between Goldco and noble gold?

Goldco has more experience in the precious metals investment industry, having been in business for over 15 years compared to Noble Gold, which was founded in 2017. This gives Goldco a proven track record of success and a wider range of products and services.

What is the number one gold investment company?

You should consider Top Gold IRA Companies for your gold investment needs.

Is Monex still in business?

Yes, Monex is still in business and is a premier precious metals dealer with a strong dedication to customer service and satisfaction. They have over 36 years of FX experience and continue to serve individual and corporate clients worldwide.

What are the gold IRA offerings of Goldco and Monex?

Goldco offers a self-directed IRA with options for gold and other precious metals, along with secure storage facilities, while Monex provides investment opportunities in gold, silver, platinum, and palladium, along with gold bullion bars, coins, and Gold IRA accounts.