Bullionmax Review: Is It the Right Gold IRA Company for You?

• Bullionmax is an IRA company that offers gold IRA accounts.
• Investors can put money into their IRA accounts in physical gold, gold bullion or silver bullion.
• Bullionmax offers gold IRA accounts with physical gold that is stored in a secure vault.

For investors who want the benefits of a gold-backed IRA account, Bullionmax can be a good choice. It offers gold IRA services, and its competitors are few. However, it has a few drawbacks that you may want to consider before investing all your retirement savings.

History

Bullionmax was founded in 2012 by German entrepreneur Christopher Kraemer. The company's headquarters are in Halle, Germany.
Bullionmax works with customers through phone, email, or live chat. According to BBB.org, Bullionmax has four complaints in the past three years, with none closed in the past 12 months.

Account Opening

Bullionmax offers an easy, online account opening process. The company's website clearly explains the forms you need to complete, the documents you need to submit, and the processing times you can expect, which range from one to five days.
Opening an IRA with Bullionmax is pretty straightforward. You begin by registering online and creating an account. The company then sends you a Welcome Kit, which includes documents you need to sign and return. After you add proof of identification to your account, Bullionmax will mail you a Gold IRA Kit, including a Gold IRA Kit brochure and the gold coin of your choice.

Customer Support

Bullionmax has a dedicated customer portal where users can access product information and account details.
Bullionmax offers 24-hour customer support via email and phone. The company's website also has a detailed FAQ section with answers to many common questions.

Additional Services

Bullionmax offers a variety of additional services that go beyond gold IRA rollovers. The company offers custodial services for precious metals, coin sales, and coin appraisals. Bullionmax also sells gold and silver bullion bars and rounds.
Costs and Fees
Bullionmax charges an annual fee based on the total weight of your holdings. Bullionmax's annual fee for gold IRAs starts at $150 per year for gold bullion under 1 ounce. For gold bullion between 1 ounce and 5 ounces, the annual fee is $250. Gold bullion over 5 ounces incurs an annual fee of $325.

Security

Bullionmax is, according to its website, a fully owned subsidiary of Golden Capital, Inc., and has been in business for more than a decade. The company is regulated by various government agencies and is insured by Lloyd's of London. Bullionmax is also listed on the London Bullion Market Association.
The company offers a variety of resources on its website, including gold IRA FAQs, an online gold calculator, and a detailed online IRA gold guide. The company also offers phone, email, and live chat support.

Reputation

Bullionmax is a gold IRA company backed by a management team that has extensive experience in the financial industry. The company's website includes testimonials from customers, and over 20,000 people have signed up for its newsletter, which provides weekly updates on gold prices and investment trends.
Bullionmax is registered with the Financial Industry Regulatory Authority (FINRA) as a broker dealer, and is a member of the Investor Protection Trust organization.
Ownership
Bullionmax is owned by Bullion Exchanges, Inc., a Texas-based precious metals company founded in 2011. Bullion Exchanges, Inc. owns and operates Bullion Trading Exchange (BTX), an online precious metals trading exchange.

Gold IRA: Should You Open One To Save For Retirement?

The Bottom Line

Bullionmax is a solid gold IRA company with a long track record, but the contract sizes are relatively small. Its rates are competitive, and with $1 million worth of gold in its vaults, it is one of the most secure companies in the industry.