Orion Metal Exchange Review
Orion Metal Exchange receives a positive review of 4.9/5 on ConsumerAffairs (44 votes), 4.9/5 on Trustpilot (104 votes) together with 2 customer complaints filed on BBB.
The company provides industry-leading service with over 50 years of experience. It abides by the NGC’s (Numismatic Guaranty Corporation) and supports the ICTA (Industry Council for Tangible Assets) on issues of taxation.
Contact Details
Address: 12301 Wilshire Blvd, Suite 412 Los Angeles, CA 90025, United States
Phone: (800)559-0088
E-mail: support@orionmetalexchange.com
Operating Hours: 7 AM – 6 PM (PST)
Company Background
Launched by Jacob Blalock in 2017, Orion Metal Exchange is quite new to the industry but has achieved remarkable success. The company has received a lot of positive reviews and recommendations from hundreds of satisfied customers/investors.
Orion Metal Exchange is headquartered in Los Angeles, California, United States, and claims to have over 50 years of experience in precious metals. It has gained a lot of positive reputation that has made it one of the best precious metal dealers in the US.
Also, the employees of Orion Metal Exchange are experts in the field; therefore, when you reach out to customer service for any problem whatsoever, the representatives assist you with the utmost care and make sure you're cleared of the problem.
Orion Metal Exchange provides different precious metals, as well as Individual Retirement Accounts (IRAs) to people residing in the United States and nearby regions outside the U.S.
Whether you’re looking for a trusted company to invest in a retirement plan or any type of precious metal, Orion Metal Exchange can be the best company to go with.
Interestingly, when you invest with Orion Metal Exchange (OME), you can rollover your existing IRA into a precious metal investment or gold IRA.
More so, since precious metals are trustworthy, and they do not fail even in economy crises times, you should do extensive research before investing in them.
The teams at Orion Metal Exchange are obviously experts in the field; you can tell that from how they provide services and support.
One of the reasons many people invest with OEM is because the company provides more flexibility than most other precious metals and IRAs companies operating in the U.S.
Orion is validated by the PCGS and meets with the NGC coin grading standards. It is a company you can trust, but then, you need to know more.
👍 Pros of Orion Metal Exchange Precious Metal Firm
- The customer support representatives are patient, sincere, understanding, and polite
- Fast and seamless shipping of precious metals
- Conditional free shipping
- You won’t pay a setup fee or transfer fee when setting up an IRA
- Customers are guided to getting a perfect vault where they can save precious metals
👎 Cons of Orion Metal Exchange Precious Metal Firm
- Not yet listed on BBB, Yelp, Trustlink, and other trusted company listing directories
- Customers cannot make online orders
Services Offered by Orion Metal Exchange
Orion Metal Exchange is quite dedicated to providing the best precious metal investment services to its customers.
Having it in mind that precious metal investments help to fortify retirement plans, Orion Metal Exchange provides services that help towards the achievement of a trustworthy precious metal investment or gold IRAs.
More so, Orion Metal Exchange may recommend storage facilities outside the U.S. for quite different reasons.
However, there are three primary services provided by this company and all these services are related to each other.
1. Precious Metal Investing for Your IRA
This is the main service offered by Orion Metal Exchange. Since precious metals are what retirees invest in, it is an important part of retirement plans. OME makes it easy for everyone to have a gold IRA, and you can even roll-over an existing IRA.
2. Secure Vault Storage
Because precious metals are of great value to the owners, many people who own them prefer to save them in private, secure vaults.
Orion Metal Exchange provides its customers with streamlined, secure vault service providers where they can keep their precious metals. These secure vault options are available in the United States and abroad.
3. Home Safe Storage
Also, some precious metal investors prefer to save their precious metals in closer storage facilities or even their homes, just in case of emergencies or urgency. OEM experts guide customers in choosing the right Home Safe storage to meet with the customers’ needs.
⚠️Is Orion Metal Exchange Legit or Scam?
It may be very difficult for a new investor to ascertain if Orion Metal Exchange is a legit company or SCAM.
This is because the company’s official website did not provide comprehensive information about its executives, and also, Orion Metal Exchange is not listed on trusted company reviews’ platforms and directories such as BBB, BCA, Trustlink, and Yelp.
However, Orion Metal Exchange has a 4.8-star rating on ConsumerAffairs (based in 90 users’ rating) and a 4.7-star rating on Trustpilot (based on 85 users' reviews).
Trustpilot and ConsumerAffairs are top reputable platforms to read real reviews about companies. Thus, since Orion Metal Exchange has recorded over 150 positive reviews on these platforms, one can still say that it is a legit company.
Hopefully, with time, the company will be listed on BBB, Yelp, and the rest. It is among the top U.S. precious metals company. Orion Metal Exchange is legit and not scam.
Orion Metal Exchange Features
It would be best to review Orion Metal Exchange factor by factor – so that anyone reading this piece would understand how the company works. There are things you really should know before investing in precious metals with Orion Metal Exchange. Let’s take a look at the features provided by this company.
1. Usability
Orion Metal Exchange services are available to people living in the United States. You are expected to read up information about the company on its official website.
Interestingly, the website features an intuitive, easy-to-navigate interface. Thus, it is easy to get to the page you’re seeking for and read up about the service you’re about to pay for.
All services provided by Orion Metal Exchange are listed on its website. Plus, the prices for the coins are equally listed along with all the precious metals provided by this company. Also, if you’re stuck and need assistance, call on the customer support team, and you’ll be professionally guided.
2. Flexibility
Orion Metal Exchange allows customers to roll-over IRAs into precious metal investments. The company provides a flexible platform for investors to make important decisions when investing in precious metals.
When you choose OME, you can decide to save your precious metals in a tax-deferred account in the form of bullion or bars. There are other flexible options available to OME customers depending on the type of account you wish to create.
3. IRAs
When opening an Individual Retirement Account with this company, you’re being assigned an account representative who is experienced in the field – the expert representative will advise and guide you through the whole process of creating an IRA with Orion Metal Exchange.
Orion’s IRA provisions are in line with the standards for providing IRA to people in the United States; this includes the same tax rules – you’ll have to pay tax when withdrawing; however, the only exception to this tax rule is when you’re operating a Roth account, which has its own standards, and of course, you can't withdraw from a Roth account until you're above 59 years of age. Earlier withdrawals on a Roth account will attract a fine.
On the other hand, traditional IRA accounts are guided with unique rules regarding withdrawal and tax payment.
Nevertheless, Orion Metal Exchange offers some incentives to new investors who open new IRAs or transfer their IRA into precious metals. New customers can get up to $2k bonus metals.
In other not to make a terrible mistake when opening an IRA account, it is advisable to get in touch with a tax advisor. Interestingly, Orion Metal Exchange has experts that can put you through.
4. Silver and Gold Coins
Orion Metal Exchange, as a precious metal firm provides a variety of precious metals in the form of gold and silver coins. By now, many people have come to understand the importance of investing in gold and other precious metals.
However, it is important to ensure that you invest with a reputable and reliable company, of which Orion Metal Exchange is one of the best for people living in the United States.
There are varieties of gold coins, as well as silver coins offered by this company – you can choose any one of your choices and build your plan. Obviously, gold coins are costlier than silver coins – plus, Orion Metal Exchange offers more gold coin varieties than silver metals.
Another reason to invest in precious metals is that it is easier to liquidate precious metal investments than company shares.
5. Cost of Precious Metals and Price Charts
The prices of Orion Metal Exchange coins are clearly listed below the coin, respectively. So, as you scroll through the coins page, you will see the price of all coins being provided by Orion Metal Exchange.
Interestingly, you can access the price charts when you navigate to the “Charts” page on the website. This charts page displays the change in precious metals market trends and prices in using stock charts.
Investors can leverage this page to learn more about the precious metal they’re about to buy from this company – gold, silver, platinum, or palladium. Honestly, this chart page is among the handiest pages on the company’s website.
6. Support and Customer Service
One of the key secrets to business growth is customer service – when a customer is treated rightly, he/she will return, and when properly attended to for a second time, the customer may start advertising the business/company.
Well, the representatives of the Orion Metal Exchange support team are responsive and seem to be well-trained in providing customer support and assistance.
You can choose to reach Orion Metal Exchange via the “contact” page on the website, or put a call through to 1-800-559-0088.
🙋 Frequently Asked Questions
No precious metal firm would recommend saving your precious metals at home – this is due to the standard defined in sections 408(m)(3)(B) and (n) of the Internal Revenue Code. Thus, it is advisable to save your metals in safe depositories meant for storing precious metals for Individual Retirement Accounts.
It is advised by many investment experts that retirees add precious metals to their IRAs in other to be assured that their retirement funds are well-secured and accessible at any time of need. Gold and silver are tagged “safe haven” assets – adding them to your IRA will help to stabilize the value of your savings, as well as prevent it from fluctuating like other investments.
A Gold IRA is a retirement investment that allows you to own physical IRS-approved gold, silver, platinum, and palladium bullions/bars/coins. It is a typical 401K account that entails all the tax-deferment benefits imposed on traditional IRAs. However, gold IRAs have some limitations on withdrawal.
Interestingly, Orion Metal Exchange does not charge its customers for setting up or rolling over Gold IRAs.
