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BullionByPost raises concerns as a potentially fraudulent broker primarily due to numerous complaints and negative reviews. Additionally, other suspicious features contribute to the apprehension that your funds may not be secure when trading with this broker.
Website – https://www.bullionbypost.eu/
Address – United Kingdom
Warned By – Not Recommended By Review Website Like Cyber Scam Recovery
BullionByPost Review: About BullionByPost
BullionByPost operates as an online bullion dealer based in the UK and is a division of Jewellery Quarter Bullion Limited (JQB). Initially introduced to facilitate cost-effective bullion purchases for private UK investors, BullionByPost has since extended its services to mainland Europe. The platform offers diverse trading tools, such as metal price charts, metal ratio charts, and LBMA price fixings, enabling investors to monitor and analyze metal prices.
Is BullionByPost a legit broker?
BullionByPost is an unregulated broker, presenting potential risks for customers. Despite offering a diverse array of market instruments such as gold and silver bars, coins, and accessories, there is limited information available regarding the quality of their products. While they frequently update their offerings with special deals, pricing fluctuations based on quantity occur, and details about buyback policies and resale options lack transparency.
Traders Complaint and Negative reviews
BullionByPost has garnered numerous negative reviews, with traders lodging numerous complaints against the broker. Following thorough investigations by ReportScam, considering the prevalence of adverse reviews, complaints, and other scam-related indicators, we have included this broker in the list of scam brokers for 2023.
BullionByPost Review: Payment Methods
BullionByPost provides two payment alternatives for purchasing bullion: Debit Card/Credit Card and Bank Transfer. Online payments with Bank Cards are instantly accepted for values up to €20,000. The accepted card types include Visa, Debit, Visa Electro, Maestro, and MasterCard Debit, along with all Visa and MasterCard Credit Cards.
It’s important to note that payments from your card will be processed in Euros, and if your bank account is denominated in a different currency, additional bank charges may apply.
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