Regal Assets vs Orion Metal Exchange: Comprehensive Showdown
If you’re torn between Regal Assets vs Orion Metal Exchange for your Gold IRA investments, you want clear-cut information about their offerings, the costs involved, and their reliability. This guide dives into an unbiased comparison of both companies, scrutinizing their fees, services, and customer ratings to make your investment choice simpler and more informed.
Key Takeaways
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Regal Assets and Orion Metal Exchange are prominent gold IRA investment firms, offering the ability to invest in precious metals over traditional stocks, bonds, or mutual funds as part of a retirement strategy.
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Orion Metal Exchange provides a diverse range of precious metals and an easy setup for gold IRA accounts with a competitive annual fee of $175 for storage and insurance, while Regal Assets is known for excellent gold IRA rollover services and a slightly lower annual storage fee of $150.
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Customer service, storage security, and online account management are critical elements in choosing a gold IRA company, with both companies offering unique benefits such as Orion’s high BBB rating and real-time price information platform and Regal’s no-fee withdrawal policies.
Comparing Regal Assets and Orion Metal Exchange
Regal Assets and Orion Metal Exchange are both titans in the world of precious metals ira investments, including precious metals iras. They offer a safe haven for your retirement savings by allowing you to store precious metals like gold and silver in your name, offering a unique retirement savings avenue.
These companies are famous in the industry. Notably, Orion Metal Exchange extends its services across all 50 states and communicates with customers via email, hence improving accessibility.
Company Backgrounds
Orion Metal Exchange:
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Established in 2017
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Privately held company
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Employee size ranging from 11 to 50
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Based in Los Angeles
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Specializes in gold IRAs
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Offers a variety of precious metals, including silver, platinum, and palladium, in addition to gold.
Precious Metals Offerings
Orion Metal Exchange offers an assortment of precious metals, catering to the precious metals industry with products such as noble gold and a selection similar to Augusta Precious Metals, including gold coins and:
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Coins made of silver, palladium, and platinum
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Gold bars in varying sizes
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Palladium coins in Maple Leaf and American Eagle options, available in one-ounce increments.
Their diverse offerings make Birch Gold Group a top choice for individuals interested in gold and silver investments, including gold or silver IRA options. As one of the leading gold IRA companies, they provide excellent service and expertise in the field, similar to the Patriot Gold Group.
Gold IRA Services
A Gold IRA allows individuals to diversify their retirement portfolio by investing in gold or other precious metals, offering an alternative to the traditional stocks, bonds, or mutual funds found in regular IRAs. This provides added security and potential for higher returns. Regal Assets is acknowledged for delivering exceptional IRA rollover services and their Advantage Gold package. Their main service involves aiding clients in the transfer of traditional retirement accounts to Self-Directed IRAs that include gold, silver, platinum, or other qualified precious metals.
Meanwhile, Orion Metal Exchange simplifies the process of setting up a gold IRA account, allowing customers to do so in under 15 minutes and manage their investments digitally or over the phone.
Fees and Pricing
With no setup or transfer fees and an annual $175 charge for storage and insurance, Orion Metal Exchange presents a competitive option for prospective precious metals IRA investors.
On the other hand, Regal Assets charges an annual storage fee of $150 for precious metals in an IRA.
Customer Service and Support
The quality of customer service is a crucial factor when choosing a gold IRA company, as it ensures investors are well-guided throughout their investment journey. Investors should seek a company that provides exceptional customer service, characterized by prompt responsiveness, extensive expertise, and consistent availability to guide clients through every essential aspect of the investment process.
Storage and Security
Storage and security take precedence when investing in gold IRAs. While the specific approved depositories used by Regal Assets are not disclosed, they are known to offer stringent security protocols and comprehensive FDIC insurance coverage for protection.
Investors should take into account the approved storage facility used by the company, the security measures in place, and the included insurance for their stored precious metals.
Online Platforms and Tools
Both Regal Assets and Orion Metal Exchange facilitate account management via online platforms. Orion Metal Exchange stands out with its online trading platform, which offers:
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Low fees
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Flexible arrangements
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An online ordering system
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A diverse range of investment options
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Real-time precious metal price information
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A fee-free buyback program.
The user-friendly design of both companies’ platforms is essential for an effortless investment experience.
Accreditation and Ratings
When it comes to their standing with industry watchdogs, Orion Metal Exchange has been awarded a perfect 5-star rating by the Better Business Bureau (BBB) after receiving 52 reviews. However, Regal Assets does not currently hold accreditation from the BBB.
On Trustpilot, Orion Metal Exchange has a commendable rating of 4.9 stars out of 5, making them a trustworthy choice for potential investors.
Unique Features and Benefits
In choosing a company for your precious metal IRA investments, considering the unique features and benefits each company provides is key. Regal Assets, for instance, provides a buyback program that enables customers to sell the precious metal they purchased through them back to them at a competitive price.
Client Testimonials and Reviews
Client testimonials and reviews are valuable sources of information about a company’s strengths and areas for improvement. Regal Assets is often praised for its status as the world’s first alternative assets IRA and its wide array of investment options.
In contrast, Orion Metal Exchange has received some criticism for the absence of daily updates on gold or silver commodity spot prices.
Investment Strategies and Diversification
Diversification is a key strategy for investors, and both Regal Assets and Orion Metal Exchange offer various options to help build a diversified portfolio. Regal Assets, for instance, employs systematic, discretionary, and tactical strategies with a focus on global equity markets and futures, along with a diversified portfolio of cryptocurrencies.
Minimum Investment Requirements
Consideration of the minimum investment requirements is a crucial step before setting up a gold IRA. At Orion Metal Exchange, the minimum investment needed to initiate a gold IRA is $10,000. Furthermore, upon meeting this minimum investment, Orion Metal Exchange provides a complimentary year of storage and insurance expenses for the gold IRA account.
Withdrawal and Distribution Policies
It is essential to understand withdrawal and distribution policies when choosing a gold IRA provider. Orion Metal Exchange charges an annual fee of $175 for storage and insurance costs, and early withdrawal prior to reaching the age of 59 ½ will result in a 10% penalty, in addition to any applicable taxes on the withdrawn funds.
On the other hand, Regal Assets does not charge any fees associated with withdrawal and distribution, and they’re recognized for their efficient processing times for withdrawals.
Summary
In conclusion, both Regal Assets and Orion Metal Exchange offer comprehensive gold IRA services that can cater to a wide range of investor needs. They have their unique strengths and areas for improvement, but ultimately, the choice between the two will depend on your specific investment goals, budget, and preferences.
Frequently Asked Questions
Who is the most reputable precious metal dealer?
The most reputable precious metal dealers include JM Bullion, American Precious Metals Exchange (APMEX), and American Hartford Gold. These are trusted and well-known options in the industry.
Which gold IRA company is best?
Goldco is the best overall gold IRA company with an outstanding track record, A+ BBB rating, AAA BCA rating, and excellent Trustpilot rating.
What is the best metal to invest in right now?
Gold is a reliable choice for wealth preservation, while silver offers affordability and industrial uses. Platinum and palladium can provide diversification and potentially higher returns, but come with increased volatility and limited investment options.
What’s the minimum investment required to start a gold IRA with Orion Metal Exchange?
The minimum investment required to start a gold IRA with Orion Metal Exchange is $10,000.
What are the storage and insurance costs for Orion Metal Exchange?
Orion Metal Exchange charges an annual fee of $175 for both storage and insurance costs.
