Orion Metal Exchange Review (Is It A Scam?) (Updated 2022)

April 11, 2022

Orion Metal Exchange Review

Welcome to my Orion Metal Exchange Review!

(UPDATED 2022)

When in it comes to purchasing precious metals, it is very important to make deals and do business with a trustworthy and legit dealer.

However, it can be quite challenging to find out which ones are legit. That is why reviews exist.

In this Orion Metal Exchange Review, you are about to learn everything you need to know about the company.

Lastly, you will know whether it is legit or a scam. Without any further ado, let's get started.

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Orion Metal Exchange Review Quick Summary

Name: Orion Metal Exchange

Website: https://orionmetalexchange.com/

CEO: Jacob Blalock

Price: Varies depending on your investment

Rating: 3/5

Orion Metal Exchange Review logo

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What is Orion Metal Exchange?

Orion Metal Exchange is a full-service precious metals dealer that was started by its CEO, Jacob Blalock in 2017.

Although it is quite new in the industry, the company boasts and claims to have over 50 years of experience in the precious metals industry.

Orion Metal Exchange is validated by the Professional Coin Grading Service or PCGS.

Furthermore, it follows the rules and regulations made by the Industry Council for Tangible Assets (ICTA) and the Numismatic Guaranty Corporation (NGC).

Orion Metal Exchange Products and Services

Orion Metal Exchange offers various precious metal products including gold, silver, platinum and palladium. They are available in coins and bullion bars.

Furthermore, the company offers numismatic coins. There are also storage services for its clients such as home storage, secure vault and of course, IRA.

Orion Metal Exchange Fees and Costs

A representative from the Orion Metal Exchange shared information about its fees.

Annual storage fees range between $75 to $100, which depends on where the metals are stored. This price is competitive with the industry's price. Furthermore, insurance is included.

The minimum IRA investment is $5000, however representatives recommend clients to have a minimum investment of $30,000 to benefit promotion offers from the company.

The prices and costs of the precious metals are revealed in the company's websites. Moreover, it has pricing charts which can prove useful to the investors and clients.

How to get started?

Unfortunately, you can't do business with Orion Metal Exchange online, despite having a website. To get started, you need to contact them.

Then a representative will help you with any concerns and business you want. Setting up an IRA account can happen in two ways.

If you have an existing IRA account, they will help you with the rollover process.

However, if you don't, you can apply for an IRA account at Orion Metal Exchange.

By having an IRA account with the company, you can put your precious metals in a tax-deferred account. Furthermore, representatives can help you with choosing which metals you should store.

Orion Metal Exchange Ratings and Reviews (Updated 2022)

Below, you can see the ratings and reviews that Orion Metal Exchange received from various websites.

  • BBB - A+ rating and BBB accredited since March 8, 2021 with 34 reviews
  • Trustpilot - 4.9/5 rating with 131 reviews

Orion Metal Exchange Pros and Cons

Pros

  • No set-up or transfer fees
  • Wide variety of products
  • Insured shipping for clients who wants to store their metals at home
  • Free precious metals storage promotion

Cons

  • Can't order or do business online
  • Lacks ratings and reviews

Is Orion Metal Exchange a scam?

To end this Orion Metal Exchange Review, let's answer this commonly asked question.

Orion Metal Exchange is a legit company. Although it is still new compared to the other companies, it already built a good reputation.

However, there are still things to consider that Orion Metal Exchange does not meet. First are the ratings and reviews. It has a B+ rating and is not BBB accredited.

Moreover, it does not have much reviews online. Other companies do. If you wish to know the top recommended precious metals firm, check it out below.

Thank you so much for reading my Orion Metal Exchange Review. If you have any comments or questions, feel free to leave them in the comments section.

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