Orion Metal Exchange has built a reputation as the "small investor's friend" in the Gold IRA space. With a $5,000 minimum—one of the lowest in the industry—they've opened doors for people who don't have six figures to roll over. But does a lower barrier to entry mean you're getting less? We investigated.
The Verdict
Orion Metal Exchange is a legitimate option for investors starting with smaller amounts. Their transparent pricing and real-time quotes are refreshing in an industry known for hiding the ball on fees. They're not the best for large portfolios, but for your first Gold IRA or a modest allocation, they deliver solid value.
Visit Orion Metal ExchangeFees & Minimums
Orion's $5,000 minimum is their headline feature—it's one of the lowest entry points for a precious metals IRA. For context, Augusta requires $50,000 and Goldco asks for $25,000. This makes Orion accessible to younger investors or those testing the waters with a small allocation.
Their fee structure includes the standard setup fee, annual maintenance fee, and storage fees that you'll find across the industry. What sets them apart is price transparency: their website shows real-time metal pricing so you can see exactly what premium you're paying over spot. No calling to "get a quote" and enduring a sales pitch first.
They also offer a buy-back program, which matters more than most people realize. When it's time to liquidate, you want a dealer who'll make a fair offer rather than lowballing you.
Pros & Cons
The Good
- • Low $5,000 minimum investment
- • Transparent pricing model
- • Buy-back program available
- • Real-time metal pricing on site
The Bad
- • Newer company compared to giants
- • Website can be cluttered
- • Storage fees apply separately
Customer Reviews
Orion Metal Exchange holds an A+ BBB rating with relatively few complaints. Customer reviews frequently mention the straightforward process and helpful representatives. The company is responsive to feedback and addresses concerns publicly when they arise.
Some reviewers note that Orion's website can feel cluttered compared to sleeker competitors. It's functional but not beautiful—though honestly, for a company handling your retirement savings, substance matters more than style.
The majority of negative feedback relates to shipping times during high-demand periods (like when gold prices spike and everyone rushes to buy). This is an industry-wide issue, not unique to Orion.
Frequently Asked Questions
Is Orion Metal Exchange legit?
Yes. Orion Metal Exchange is a legitimate dealer with an A+ BBB rating. They've been operating for years with a solid track record of fulfilling orders and properly handling IRA accounts.
What is Orion Metal Exchange's minimum investment?
Their minimum for a precious metals IRA is $5,000—one of the lowest in the industry. Direct purchases have no minimum.
Does Orion Metal Exchange offer a buy-back program?
Yes, they have a buy-back program that allows you to sell your metals back to them. This provides liquidity when you need to take distributions or liquidate your IRA.
How does Orion compare to bigger companies like Goldco?
Goldco has a higher minimum ($25k vs $5k) and a bigger marketing presence. Orion is better suited for smaller investors or those who want to start modest and add over time. Goldco may offer more hand-holding for large accounts.