Is FideliTrade a Scam? Are they a Bullion Brilliant? [2023]

Welcome to our review of FideliTrade!

In this review, we will get to know this company and determine if they are a SCAM or NOT!

Are you someone who's looking for bullion services that you can trust?

If so, let's get to know if FideliTrade is a company bullion brilliant that we can trust!

Let's start our FideliTrade Review!

FideliTrade Quick Summary

What is FideliTrade? 

FideliTrade started operations in early 1998. Now, the company employs over 50 full-time employees and occupies four, company-owned buildings, comprising nearly 72,000 square feet of secure space.

For over 20 years, the philosophy for FideliTrade has been

“Take care of our customers and our employees, and they will take care of the business.” 

More so, FideliTrade has several subsidiaries, including Delaware Depository. 

The company is also an Authorized Purchaser of the US Mint; a designation achieved by only 12 companies worldwide.

Furthermore, FideliTrade is one of the few precious metals firms that offer all these services under one roof.

They provide bullion services, straight from the source. This means FideliTrade acquires bullion directly from national and commercial mints. 

How It Works?

If you're curious about entering the world of precious metals through FideliTrade, here's a quick overview:

• Account Setup: To begin, create your FideliTrade online account. This is where your journey takes off.

• Purchase Process: Once your account is ready, start exploring and buying from a variety of precious metal options. A $15,000 purchase limit applies, with deposits needed for larger orders.

• Secure Shipping: Rest easy—your shipped products are insured for safety throughout the journey.

• Payment Options: FideliTrade accepts checks, bank wires, ACH, and credit cards. But note the maximums: $30,000 for ACH and $3,000 for credit cards.

• Selling Made Simple: Selling your precious metals? FideliTrade is ready to help. Even bullion not from them is accepted.

• Depository Process: Prior to selling, bullion is sent to the depository, and FideliTrade manages the shipping.

• 30-Day Custody: Monitor market prices with FideliTrade's free 30-day insured custody.

In a nutshell, FideliTrade provides a straightforward path to exploring, purchasing, and even selling precious metals. Dive into the world of precious metals today!

Who They Serve 

FideliTrade serves the following group of people:

Private Investors

They help those experienced investor or those just getting started, bullion can enhance and diversify your portfolio. Their Client Services team is here to help you navigate the myriad of product and service choices.

Advisors

Also, FideliTrade’s clearing services provide advisors with trading, statements, and support to help you take care of your clients.

Banks and Brokers

On the other hand, the company works with dealers and financial institutions by providing back-office support, electronic trading, and custody services. We even assist with one-time customer transactions.

Products and Services of FideliTrade

Services

More so, here are the services that FideliTrade offers:

Precious Metals Trading

Purchase

The company is an authorized mint distributor and trades with a nationwide network of bullion dealers and refiners – which means that you can purchase a wide variety of bullion products at highly competitive prices.

• The maximum ACH amount is $30,000.
• The maximum credit card amount is $3,000. Fees apply.

Liquidate

FideliTrade also buys gold, silver, platinum, and palladium bullion products. They also purchase acceptable bullion from you even if you acquired it from another source.

Accumulation Plan

The accumulation plan is available when you purchase FideliTrade’s bulk generic bullion. Bulk generic bullion is a specific but undivided interest in bulk holdings.

FideliTrade’s accumulation plan is a bi-monthly or monthly automatic purchase in bulk generic bullion. You designate the type of bullion and your dollar amount. This program allows you to take advantage of dollar-cost averaging and eliminates the need to closely monitor the market.

You can also purchase on the 1st and/or 16th of each month.

More so, there is no fee to join and the minimum purchase is only $100 per metal type.

Limit Order

Furthermore, FideliTrade offers free limit orders to customers interested in buying or selling at a specific price.

• Limit orders are held for a maximum of 90 days. You may cancel at any time.
• Limit orders are only executed during normal business hours.

Counterfeit Detection

On the other hand, FideliTrade works closely with our wholly-owned depository to ensure that bullion that is sold or deposited into the depository is thoroughly inspected and tested.

Depository Services

Aside from precious metals trading, FideliTrade also offers depository services like:

Custody

Bulk Custody is FideliTrade’s statement program. It allows individuals to trade and hold physical metals without paying the premiums associated with specific bars and coins. Buy, sell or take delivery at any time.

Individual Custody

Non-Segregated is FideliTrade’s most common custody service for specific bars and coins. Individual Custody allows you to deposit your coins and bars into an allocated account that is commingled with the same type of coins and bar of other customers.

Segregated is FideliTrade’s premier custody service. With segregated storage, your bullion is held separate and apart from the bullion of other customers.

FideliTrade also offers custody services outside the US. Your bullion can be held securely in Zurich, Switzerland, or Toronto, Canada.

Delivery

Customers can choose to take delivery of their bullion at any time. 

Ship

On the other hand, FideliTrade customers can ship their bullion to FideliTrade at any time.

Financing Services

As a FideliTrade customer, you can work with our subsidiaries and use your bullion as collateral.

Delaware Finance Company offers a safe and easy way to borrow against your bullion. There are no setup fees and you’ll enjoy a low-interest rate on your revolving line of credit.

Products

Here are some of the precious metals products that FideliTrade offers:

GOLD

SILVER

PLATINUM

PALLADIUM

IRAs & Precious Metals with FideliTrade

When it comes to integrating precious metals into your Individual Retirement Account (IRA), FideliTrade steps in as a knowledgeable guide. Let's delve into how they facilitate this unique avenue:

• Long-standing Compatibility: FideliTrade recognizes the potential of precious metals as a valuable asset class within IRAs, a recognition that spans over three decades.
• Trustworthy Partnerships: FideliTrade has cultivated strong relationships with various trust companies that recognize metals as a credible asset class for IRAs.
• Flexible Purchasing: Whether for your IRA or personal portfolio, FideliTrade account holders have the flexibility to acquire precious metals. Post funding your IRA, a simple call to FideliTrade allows you to purchase gold, silver, platinum, and palladium bars and coins.
• Seamless Fund Transfer: FideliTrade's role doesn't end with purchasing. They coordinate directly with your trust company to ensure smooth fund transfers and secure bullion deposits into your IRA account.
• Secure Storage: Opting for FideliTrade means your IRA assets find a secure home at Delaware Depository, an exchange-licensed facility fully equipped to hold IRA assets.
• Trust Company Management: Your chosen trust company will administer your IRA account, managing storage fees and statements on your behalf.
• Selling Convenience: Even if you initially purchased bullion through another dealer, FideliTrade remains an option for selling. 

FideliTrade presents a well-structured pathway for incorporating precious metals into your IRA. From purchase to storage, their streamlined approach and partner collaborations make the journey a seamless and informed one.

>>>To avoid Gold IRA frauds in the uncontrolled market, Get Your Free Gold IRA Guide Here!

Ratings and Reviews of FideliTrade 

Here's what people say about FideliTrade:

What I Like About (Product Name)

• Transparent Approach: FideliTrade's commitment to transparency ensures you're informed every step of the way.
• Long-Standing Expertise: With a substantial industry presence, FideliTrade brings a wealth of experience to the table.
• Top BBB Rating: FideliTrade holds an impressive A+ rating from the Better Business Bureau (BBB).
• Diverse Product Range: FideliTrade provides an extensive array of products, catering to various preferences.

What I Don't Like About...

• Not an E-commerce Site
  Upon reviewing their website, they do not offer e-commerce services.
  Their website shows which products they sell and how much do they sell them, however, unlike other precious metals companies, you can't simply 'ADD TO CART' your orders.
  They simply offer a catalog of their products and services.
• Payment Limitations
  FideliTrade does not accept 3rd party payments.
  Payment options include bank wire, check, ACH, cash, or credit card.
  Credit card payments cannot exceed $3,000 for existing customers ($500 for new customers). Fees apply. ACH payments cannot exceed $15,000 for delivery and $30,000 for custody.
• Limited Online Feedback:
  When you look upon the reviews available online, there's only a limited number of reviews for FideliTrade.
  So, it is a good and bad sign since we cannot exactly determine what people's thoughts are.
• Streamlining Opportunity: Some users find FideliTrade's processes less streamlined compared to others.

Is FideliTrade a SCAM?

In this review, FideliTrade is NOT A SCAM.

However, they are not a company that's well-reviewed and rated.

So, whether you associate yourself with them or not, is your choice.

But you should bear in mind that investing in gold and precious metals is not worth pennies.

It is quite a sum of money. So, there's no better way than to find a company that's well trusted and rated by many.

Final Thought 

Investing requires knowledge, so, before you go jumping to investments, you must first research and research!

Good for you, we have a company that we tremendously recommend!

GOLDCO is a precious metals company that has a decade of experience and thousands of satisfied customers, the Goldco team remains committed to our mission to help individuals safeguard and grow their retirement savings.

You may know more about them by clicking below!