Welcome to my 'Is Kingdom Trust Company A Scam' article!
(UPDATED APRIL 2022)
Trust is one of the basic foundations of any fruitful and meaningful interactions. This concept is all the more important for two parties involved in any economic undertakings.
Investing and generating wealth through various means with the partnership of a company or firm is a good first step. However, you need to be wary when it comes to choosing the firm for you.
If you are a rookie investor and currently skimming through multiple websites and organizations, a good initial step would be to look at the company's background and associated reviews.
These would amount to a generalized and logical view on whether or not a company is legit or scam. In this article, we will answer this question. 'Is Kingdom Trust Company A Scam?'
Kingdom Trust Company Review Quick Summary
What is Kingdom Trust Company?
Prior to engaging in any activity in life, it is necessary to conduct a thorough and in-depth assessment. We'll begin this with some background information regarding Kingdom Trust Company.
The Kentucky based firm was founded in 2008. It is a self-directed IRA provider that works with both individual investors or institutions. This custodian offers a variety of services.
Kingdom Trust Company prides itself on its diverse list of allowable assets. The company claims it has real estate, placements, precious metals, and their capability to operate thru cryptocurrency.
Although investors might find this appealing, the general lack of information about their work processes might deter you otherwise since it is not available to the public.
The different services you can avail in Kingdom Trust Company is locked behind creating a personal account in their website. This might raise a few eyebrows for some.
You might be thrilled reading in their website because of their claim that by 2014, they had a client base of 50 000 and assets under custody of $5 billion. But, you should pay heed to this warning.
Work process and fee transparency is vital when investing. Customers and investors alike will always look for any facts related to this and an unavailability will dissuade you from looking further.
The company, however, lists them the services that they offer. They mainly do business with precious metals, real estate, lending, crowdfunding, and cryptocurrency.
As stated earlier, Kingdom Trust Company claims that they are conducting business using cryptocurrency if their client and investor is keen on using those.
As stated in their website, by 2017, they became the first qualified custodian to offer custody for bitcoin. This can be in your investments or individual retirement accounts.
This is a great move because nowadays, a lot of gimmicks and promotions surrounding cryptocurrency, specially bitcoin. is circulating and being funded by numerous individuals.
The usage of cryptocurrency by an IRA firm would certainly garner attention from investors. Companies that would integrate, or are using it now, would certainly be unique to the public.
Various Investment Opportunities
For precious metals investors, Kingdom Trust Company has a lot to offer. This organization can assist you in purchasing and keeping these metals in your individual retirement accounts (IRAs).
It can buy metals in 401(k), Roth IRA, SEP, and SIMPLE accounts, in addition to IRAs. Insurance and and public trade stocks can also be viewed in their website through account registration
One aspect of Trust Kingdom Company that I appreciate is that their customers and potential purchasers will not be limited when it comes to their choices.
Kingdom Trust Company is a very diverse custodian. If these types of investment does not catch your fancy or appeal to you, you can still do alternative investment options.
This includes livestock (you read it right), equipment leases, fishing rights, oil and gas, timber rights, racehorses, settlements, and a multitude of other things.
Although accessibility on the 'how', 'what', and 'why' questions regarding this investments seems really difficult to navigate in their website, it would be a delight once you find it.
Starting an Account
All the investment types above would really snag your attention. Who doesn't want a diverse set of choices, right? Well, the downside is that, the application process to start an account is really tricky.
Their website is really not tailored for customers and clients. A lot of important information can only be accessed by registering an account which for many is a tad too long.
If you manage to find a link directing you to some of their pages, you might experience getting a message that the page is not available. And there is no contact information that you can use.
Their 'contact' button will redirect holders and clients to a page that asks for personal information and a contact reason drop down menu with fixed options.
I accessed their website a countless of times and it seems that most information really needs an account. So if you are really eager, create your own account and do your own investigation.
If you desire for a top recommend firm that is transparent and is willing to help you in every step of the way, then you might be interested in Augusta Precious Metals.
Legit or Scam?
When self-directed IRA investors find they have chosen the wrong self-directed IRA custodian or administrator, one of the most common sources of aggravation is.
Setting up an account and funding your investment takes time. When you're trying to fund your investment, the last thing you want to do is worry about switching custodians.
Choose a custodian or administrator for your Self-Directed IRA carefully. You will save time, money, and frustration later if you take the time now to choose the correct company.
This being written, I can say that Kingdom Trust Company is not a scam. They have a physical base and can be located easily on the map, their work days and hours, and online website.
But, it is not a recommended one. There are a lot of firms that are more credible and transparent than this company. The next thing we will discuss it its pros and cons, as well as its reviews.
Ratings and Reviews
Kingdom Trust Company has been discussed fairly thus far. I've mentioned some of their good aspects as well as some of their flaws. But what about other people's thoughts and perspectives?
This is when customer and respected organization ratings and reviews come into play. These comments are fully independent of their website, so you can be assured that they are unbiased.
1. Better Business Bureau
The Better Business Bureau, or BBB, is a private, nonprofit organization whose mission is to promote marketplace trust.
Because many businesses are recognized by the BBB, many people check it out before totally committing to one.
Kingdom Trust Company is accredited by the Better Business Bureau and has an A+ rating even with relatively few reviews.
2. Business Consumer Alliance
Business Consumer Alliance is a non-profit organization whose mission is to help customers resolve business disputes. Kingdom Trust Company is yet to be given a review by this organization.
TrustLink is a platform that assists organizations and consumers in forming secure online partnerships. On their website, they offer a variety of company news, including important client feedback and firm information.
Kingdom Trust Company is yet to be given a review by this organization.
Yelp is a company that collects reviews about companies and organizations from the general public. There is no dedicated Yelp page for Kingdom Trust Company as of this writing.
Pros and Cons
Verdict and Conclusion
Kingdom Trust Company is a legitimate precious metals dealer and IRA provider dedicated to providing their clients with a wide range of options.
This large range of choices is a benefit for them in attracting more customers. But when comes to other facets of their organization, a lot has to be said.
They have no concrete flow in the processes in their website. A possible client who is relatively new in investing and buying might be more confused if they stumble upon their website.
There is also no list of their executive team, which is an essential part in gaining the client's trust. Their transaction fees can only be revealed by creating an account on their website.
Lastly, they have not garnered enough reviews and ratings. These will help the investors to further understand their work dealings and if they have a good client-firm relationships.
Even if they are a legit company, there are a lot of better alternatives where you can invest. We recommend this top precious metals firm wherein everything will go smoothly right from the get-go.
Thank you for reading my article entitled 'Is Kingdom Trust Company A Scam?'. Feel free to leave any comments or opinions in the appropriate section below.
FINAL RATING (Not Recommended)