Monex Precious Metals Review: Can You Trust Them?

February 4, 2023
Written by Peter Anderson

Investing in precious metals can be a great way to diversify your portfolio, but when it comes to finding the right company to trust with your money, Monex Precious Metals has been one of the top contenders for years.

Many investors have found success working with this trusted brokerage firm, so let’s take a closer look at what makes them stand out from the competition and how their services compare.

Monex is an online broker that specializes in offering gold and silver coins and bullion bars—along with other rare coins—to both novice and experienced investors alike.

They also provide customers with up-to-date market information, as well as secure storage options if they choose not to keep their assets elsewhere.

The combination of these features make Monex an attractive option for those who are looking to add some stability to their portfolios.

In this article we will review everything you need to know about investing with Monex Precious Metals: from its history as a reliable source of investment products, all the way through analyzing customer reviews on its service quality.

Read on to find out whether or not trusting Monex with your money is worth it!

Disclosure: Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback. 

Before we get started with this review:

We understand that choosing a company to invest with is an extremely important financial choice; good news for you, we have done all the research and digging in this field for years.

That being said, through our rigorous review process, we have compiled a list of our 5 top gold investment companies for 2022.

>>>Click HERE to Read Our List of the Best Gold IRA Companies in 2023.<<<

Check if Monex Precious Metals made our top 5 list in 2023! 


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About the Company

Monex Precious Metals is a reliable partner when it comes to investing in gold coins and precious metals.

It has been around for decades, building a solid reputation as one of the top precious metals dealers with its keen focus on customer service excellence and secure transactions. 

With years of experience and expertise under their belt, Monex offers valuable advice and insight into all your precious metal investments.

Monex's services include storage solutions for customers looking to store their gold or silver bullion purchases over time; buying options such as physical delivery to your door, phone orders, online ordering through its website; trading platforms that allow investors to buy and sell precious metals; live pricing updates; and even a 'Gold IRA' option which allows transferring funds from an existing retirement account into a tax-free Gold IRA savings plan.

All these features make Monex an ideal choice for those wanting to purchase or trade in gold coins or other forms of precious metals.

Monex Ratings and Complaints

Monex Precious Metals is a well-known name in the industry, but it's important to understand its trustworthiness before investing.

To get an idea of what customers have experienced when dealing with Monex, one must examine their ratings and customer service complaints.

Like any business, there are pros and cons associated with this company.

Customer service is usually the first thing that comes up when talking about Monex.

The majority of reviews say they provide excellent customer care with quick response times and helpful staff members.

On some websites, Monex has earned 4 out of 5 stars for overall customer satisfaction.

This indicates high levels of customer popularity among those who’ve used them in the past or continue to use them today.

However, like other companies in this market segment, there have been occasional reports from disgruntled clients regarding poor services or slow responses over time.

For example, some people report having difficulties trying to place orders online due to system errors or website malfunctions. 

Despite these isolated incidents, most customers remain content with their experience as evidenced by the generally positive ratings seen on various review sites such as Trustpilot.

Moving forward then, let us take a look at Monex's products and services offered...

Monex Products and Service

Monex offers a wide range of products and services to invest in precious metals. An example is the Gold IRA, which allows investors to purchase gold with their retirement savings.

Monex also has Silver IRAs and Precious Metal IRAs that are tailored for those who want to diversify their portfolios by investing in silver or other precious metals.

In addition to these investment options, Monex also provides financial advice on how best to allocate one's investments across different asset classes such as stocks, bonds, and real estate.

Monex and other competitors like Gainesville Coins, Cornerstone and ITM offer educational materials on topics related to both personal finance and investing in precious metals. They provide articles and videos about the history of gold markets, tips for selecting reputable dealers, and strategies for investing in gold over time.

Furthermore, they have an online trading platform where customers can buy or sell bullion coins easily at competitive prices.

All transactions occur through secure servers and come with customer support from trained professionals should any questions arise.

Overall, Monex provides a variety of products and services geared towards helping people make informed decisions when it comes to investing in precious metals like gold, silver, platinum, palladium etc., making them an ideal choice for anyone looking to add some diversity into their portfolio while protecting themselves financially against market volatility.

Monex Precious Metals IRA

Monex provides a range of self-directed individual retirement accounts (IRAs) which allow the investor to purchase precious metals as part of their portfolio.

Monex is one of the largest and longest standing precious metals dealers in the country, offering investors access to gold, silver, platinum, and palladium coins or bars for investments within an IRA; this doesn't however, make them the best choice. You're better off going with American Hartford Gold who has the same services and products but a better reputation.

An IRA with Monex can be opened quickly online and it allows you to easily manage your own transactions at any time from anywhere.

The process involves setting up an account with Monex, selecting which precious metal products are most suitable for investment purposes and arranging for the funds to be transferred into the IRA.

Once these steps have been taken care of, it's just a matter of monitoring the account and carrying out transactions when necessary.

The team at Monex makes sure that all transactions are secure and compliant with IRS regulations so that each customer gets full value from their investments without worry.

Reasons Why You Should Consider an IRA

Retirement accounts can be like a map, guiding you to your future financial goals. They provide the opportunity to plan ahead and make decisions that will impact your life in years to come.

An Individual Retirement Account (IRA) is one of these retirement vehicles which offers several advantages for those looking to build their wealth over time.

The ability to invest in precious metals through an IRA allows investors access to unique investments not found with other types of retirement account options.

Transactions are made using self-directed IRAs, meaning the investor makes all decisions on what assets they would like held within the account without needing approval from any institution or broker.

As such, there are minimum distributions required by law which allow individuals to control when taxes must be paid on their earnings and withdrawals.

Furthermore, having precious metals included as part of a portfolio diversifies risk while potentially allowing for greater returns.

Investing in an IRA presents numerous benefits that should be explored further before attempting any transactions involving precious metals.

It's important to understand how this type of investment works and whether it aligns with individual long term financial objectives prior to making any purchases or sales.

Why Invest in Precious Metals

Are you considering investing in precious metals? Precious metals transactions can be an attractive option for those looking to diversify their portfolios and hedge against inflation.

But how do you know if it’s the right move for your financial goals?

Let's take a closer look at why investing in precious metals may be beneficial.

The price of gold, silver, platinum, and palladium tend to increase over time as opposed to stocks or mutual funds which are subject to more volatility.

When it comes to physical metal investments like coins, bars, and rounds; they hold intrinsic value because of their historic appeal and rarity. Silver coins are often seen as the most affordable way to invest in physical metal given their lower premiums when compared with other options such as gold bars or rounds.

Investing in precious metals is not only an investment in its liquidity but also offers peace of mind that your assets will remain protected no matter what happens in the global market.

It gives investors stability during times of economic downturns since these commodities don't typically depreciate significantly even under extreme circumstances.

Furthermore, owning tangible items allows you to have control of your investments without relying on third parties or large institutions who might have different agendas from yours.

With all this said, taking into account the potential risks associated with any type of trading should always be taken into consideration before making any decisions about where to put your money.

How To Buy Gold & Precious Metals at Monex

The precious metals market is as old as civilization itself. Investing in gold and other precious metals has been a reliable way to store wealth over the ages, through booms and busts.

Modern investors have many options for buying gold & precious metals; one such outlet is Money Metals Exchange (Monex).

Monex offers an expansive array of gold purchases, from coins to bars at various sizes and weights.

They also carry silver, palladium, platinum, rhodium and more – all available with immediate delivery or secure storage in a trusted vault facility.

All products come fully insured so you can rest easy knowing your money is safe. The company’s helpful customer service team will walk you through any questions on how to buy gold & precious metals at Monex.

With their high-quality products and stellar reputation, it's no wonder why Monex has become a leading name in the precious metals market today.

Monex's Educational Video Library

Monex offers a comprehensive library of educational videos that are available online, to help customers understand both the basics and complexities of investing in precious metals.

From informative webinars to intelligent software-driven analysis capabilities, Monex provides users with all the necessary tools for making smart decisions about their investments.

The educational materials provide an invaluable resource for novice investors who need guidance when choosing which assets to buy.

In addition, advanced traders can access more detailed information on topics such as trading strategies and market trends from the various video tutorials available at Monex's website.

With this vast selection of educational resources, anyone interested in purchasing gold or other precious metals can gain valuable insight into how these markets operate before committing their funds.

TIP: Reviewing the educational videos provided by Monex is a great way to ensure you have a firm understanding of how to invest your money wisely in precious metals such as gold and silver.

Pros and Cons

Monex is often praised for its educational video library and other resources when it comes to investing in precious metals. But what about the rest of their service?

When it comes to buying gold bars, are they truly trustworthy with your money? Let’s take a look at the pros and cons of Monex Precious Metals.

For starters, one of the biggest advantages of doing business with Monex is their competitive prices.

They offer some great deals on a variety of items such as coins, rounds, bullion bars and more. In addition to that, customer feedback speaks volumes about their excellent customer service—from helpful advice to prompt delivery times.

All these factors make them an attractive choice for those who want to invest in gold or silver without breaking the bank.

On the flip side, however, there have been complaints from customers regarding hidden fees and slow processing times.

It's important to do your research beforehand if you're considering purchasing through Monex so you know exactly what kind of deal you're getting into.

While Monex may be known for their extensive selection and relatively low prices, it pays off to be extra cautious before taking out your wallet!


In conclusion, it is clear that Monex Precious Metals offers a wide range of products and services for individuals looking to diversify their investments.

The company has earned mostly positive ratings and reviews from customers as well as industry experts. The Monex Educational Video Library provides helpful resources for investors wishing to gain insight into precious metals investing.

With an IRA, individuals can enjoy tax benefits while still profiting from gold or silver investments

By taking advantage of these features offered by Monex Precious Metals, savvy investors are able to reap the rewards of hedging against inflation and safeguarding wealth in times of uncertainty.

Coincidentally, this financial security could be just what you need in turbulent economic times.

Therefore, if you’re searching for an investment option with potential long-term growth and protection from market volatility, consider opening an account at Monex Precious Metals today.

You can get a Complimentary Gold Investing Guide from the top gold investing company we recommend by clicking the button above. 

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