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Company Info & Background
Monex was founded in 1970, and headquartered in Newport Beach, California. This precious metals dealer also helps clients establish self-directed IRAs. The inventory of investment products includes many coins and bars that are iRA-eligible.
The Monex website contains a catalog of a myriad of gold, silver, palladium, and platinum products. Some of the most popular IRA-eligible products are in the inventory. Both coins and collectibles are in the catalog.
The website also caters to educating the public about a plethora of things apropos of precious metals. There is a “precious metals news” section, in addition to a free online investment guide.
Monex Management Team
Monex was founded by coin and precious metals enthusiast, Louis E. Carabini. Carabini received a degree in Economics, and opened his first coin shop in Long Beach, in 1967.
Monex Custodians and Storage
Monex states the following on its website:
“A knowledgeable Account Representative will help you open your precious metals IRA with the independent, third-party IRA Trustee/Custodian of your choice. Upon establishing and funding your Monex IRA account, we will assist you in placing your order for the amount of bullion bars or coins you desire. Monex will then deliver your metals to the storage depository used by your IRA Custodian. Should you later decide to realize the value of your investment by taking advantage of our two-way, buy/sell market, call us to process your sell order. Together with IRA administrators, we will process payment to your Trustee/Custodian and arrange the delivery of your metal back to Monex.”
The Monex inventory provides a wide range of silver, gold, palladium, and platinum coins and bars. Many of the popular IRA-eligible products are included in the catalog. Some available items include the Gold Austrian Philharmonic, Gold Canadian Maple Leaf, the American Gold Eagle, Gold American Buffalo, Silver Austrian Philharmonic, Silver Canadian Maple Leaf, Platinum American Eagle, Platinum Canadian Maple Leaf, and the Palladium Canadian Maple Leaf.
View more Monex products here.
Monex Precious Metals IRA Info
|Scaled or Flat Fee?||Flat Fees|
|Partnered Storage Vault||N/A|
|Metals Available||gold, silver, platinum, and palladium|
|Years in Business||49 years (1970)|
Monex Reviews, Ratings, and Complaints
Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Monex from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
- BBB Rating: A- (Details)
- BBB Complaints: 1 complaint in the last 3 years (Details)
- BCA: A (Details)
- BCA Complaints: 0 complaints in the last 3 years (Details)
- CitySearch: Not Rated (Details)
- Google+: Not Rated (Details)
- RipOff Report: 0 Reports (Details)
- SiteJabber: Profile (Details)
- Trustlink: Profile (Details)
- Yellow Pages: Profile (Details)
- Yelp: Profile (Details)
- Trustpilot: N/A
- Facebook: Profile (Details)
Monex Contact Information
- Address: 4910 Birch Street, Newport Beach, CA 92660-2113
- Toll-Free Phone – 1-800-997-7859
- Phone: (949) 752-1400
- Email: email@example.com
- Website: http://www.monex.com/
Review All IRA Options Before Investing
It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.
Monex Review Summary
Founded on1970, Monex is an established precious metals dealer specializing in gold, silver, platinum, and palladium bars and coins. For nearly five decades, the company has been a leading precious metals dealer and Gold IRA company. The primary focus is offering investment-grade precious metals that can be added to an IRA, or portfolio. Monex states that it works with several IRA custodians for custodial and depository services.
Phone: (949) 752-1400