GoldBroker Review (Can You Trust This?) (Updated 2023)

July 26, 2023

Gold Broker Review

Welcome to my GoldBroker Review.

(UPDATED 2023)

Are you looking for a reliable and good precious metals company? Then you probably found GoldBroker along the way.

But to make things sure, you must do your research first. In this GoldBroker Review, you will find out everything you need to know about the company.

Is it legit or a scam? Here is the answer.

Gold Broker Review Quick Summary

Name: GoldBroker

Founder: Fabrice Drouin Ristori

Price: Varies depending on your investments

Rating: 3/5

Gold Broker Review logo


What is GoldBroker? or GoldBroker is a website where you can invest in gold, silver in bars or coins.

This website isn’t new to this industry, it has been around since 2011. Since then, it progressed and made its way to the top. It is now one of the most reputable broker websites around the globe.

Company's History and Owner

GoldBroker was founded by Fabrice Drouin Ristori. He graduated from Kedge Business School in France and is now a French investor.

He moved to Malta after he finally graduated and he got into the world of online games with two companies which he sold not long after.

He then began his own company named FDR Capital Ltd., it was a private investment company. That was his first step to success, it was his first leap towards his current successful company. 

At that time, there were normally other competitors, but what made Ristori’s company stand out from the rest was its unique offer to investors.

Other storage companies had nothing like it and that’s why his company was a step ahead of others.

In his company, you are given the solution to deposit precious metals in your own name without worrying about the intermediation risks. It still remains as one of the companies that offer direct storage services.

GoldBroker Products

GoldBroker provides gold and silver in forms of bars and coins. They also offer some platinum and palladium products.

Usually the company offers their products in bulk purchases such as a box of silver coins that weigh 400 to 500 ounces. Furthermore, the bigger bullion bars on sale start from 15-ounce gold bars to 1,000-ounce silver bars, so do expect that they cost more than usual.

Among the products they offer are the following:

  • 1 kilogram Gold Bar - Valcambi
  • 1 ounce Gold Bar - Crédit Suisse
  • 100 ounces Silver Bar - JBR
  • 100 ounces Silver Bar - Royal Canadian Mint

Each product that GoldBroker sells come from renowned refineries that are certified by the London Bullion Market Association.

GoldBroker IRA and Storage Services

GoldBroker also offers IRA services through its partner IRA custodians. They can help you set up your accounts or even rollover existing accounts into your new precious metals IRA.

Currently, GoldBroker has two main IRA custodians that they work with. For their Europe services, they prefer Rhenus Logistics, while they work with Matterhorn Asset Management to offer IRA services in the United States of America.

As for their international storage services, GoldBroker is partnered up with Malca-Amit which has a couple of offshore storage locations including the following: Zurich (Switzerland), Toronto (Canada), and Singapore (Asia). Their onshore storage is located in New York.

What is unique about GoldBroker's approach on its storage services is that they allow the investors to be the custodian of their precious metal assets. Basically, the owners can directly access their assets and only them can do so. With this, they can always personally check their assets in the storage locations.

GoldBroker also insures the assets of its clients through the company, La Bâloise Insurance Company.

GoldBroker Fees

GoldBroker fees vary depending on the type and the size of the precious metals that you are buying. But don't worry because the exact amount of fees that you have to pay for will be displayed in the website whenever you do your transactions.

Storage fees also depend on the size of your assets and precious metals.

Quality Control Measures

As an investor, you should always be very vigilant towards the items that you are buying. GoldBroker recognizes this importance that is why it takes time in controlling the quality of its products.

GoldBroker only sells precious metals that are investment-grade. Furthermore, these products come from certified refineries that are also recognized by the London Bullion Market Association. So rest assured that these products are up to standard.

Furthermore, when you access GoldBroker's product catalog, you will notice that the refinery from which the products came from is indicated. Some of them include U.S. Mint, RMC, Perth Mint, Royal Canadian Mint, Asahi and Valcambi.

How does it work? is very easy to navigate and very easy to understand. To get started, you should create an account on the website. By having this account, you will be able to purchase and sell precious metals to GoldBroker.

Just be sure to meet the following requirements so that you can start an account. First and foremost, you must be at least 18 years of age. You also need to have one valid government ID or a passport. Also, you need to provide a document that shows your proof of address such as a utility bill or a bank statement.

When you create an account, you will be required to upload these documents and once verified, you will be good to go.

GoldBroker Types of Accounts

Currently, there are 3 types of accounts that you can open in GoldBroker.

Individual Account

This is for clients who wish to have their own personal account in GoldBroker. With this, they can buy and sell precious metals from the platform without having any other parties involved in the transaction.

Joint Account

This account type is for two or more people who wish to have an account and want to invest together. Take note that all decisions to be made on the account must be agreed upon by all owners of the account.

Corporate Account

Lastly, a corporate account is designed mainly for businesses who want to invest in precious metals for their portfolio or for those who wish to use precious metals a form of payment.

There will be different requirements needed depending on the company's location which may include business licenses and articles of incorporation.

GoldBroker Payment and Shipping

GoldBroker strictly only accepts wire transfers for purchase orders. But storage fees can be paid via credit card, PayPal or wire transfer.

The company offers FREE shipping to all domestic orders, according to the website's FAQ section. Furthermore, GoldBroker ships to all U.S. states and territories. For international shipping, they only do so to France.

Orders that are over $250,000 will be shipped using armored vehicle only to ensure the safety. The cost of the shipping will be determined according to the total weight of the items being delivered.

Can you sell back to GoldBroker?

Yes, if you think reselling your precious metals back to the company is possible, then you are most definitely right, you can sell it back to the company.

GoldBroker will take away 1% of the commission with a minimum of $75 if you decide to resell your precious metals that are stored in your name.

However, if you want to resell in the form of coins, the company will buy it for 1% to 11% above the spot price, with no commission included.

If you want to sell it back in coin form, look after it with care and maintain it in its best condition. The reason why is the percentage will vary according to the state of your coins.

GoldBroker Ratings and Reviews (2023)

Below are the ratings and reviews of GoldBroker.

As you can see, GoldBroker lacks ratings and reviews. Even though it is listed in BBB and Yellow Pages, the company is not rated.

This is a downside considering that other precious metal companies have good ratings and reviews online.

GoldBroker Pros and Cons


  • Good products
  • Has IRA services
  • Website contains helpful information
  • Has storage services
  • Transparent fee structure
  • Competitive pricing
  • Offers outright ownership to investors


  • Lacks ratings and reviews
  • Not BBB accredited
  • Limited investment options
  • Storage account maintenance fees will increase over time

Is GoldBroker a scam?

Let's conclude this GoldBroker Review with my final verdict.

Looking at the years that the company has been running, it’s enough to say that it is indeed legit. It would not last for how many years if it was a scam.

However, if you are the type of investor who prefers a company with good ratings and reviews online, then GoldBroker may not pass for you.

It currently does not have enough ratings and reviews. If you wish to know the best precious metals company, check out my top recommendation below.

Thank you so much for reading my GoldBroker Review! If you have any comments or questions, fee free to leave them in the comments section.

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.

By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!


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