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iTrustCapital Reviews

8.8

bestfor-icon A more efficient way to trade precious metals

andrewo
Written by Andrew Omalley

About iTrustCapital | Read More

9

LS Score

9

Credibility

8

Support

9

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
Mon-Fri 8am-12pm / 2pm-5pm PT
Sat-Sun Closed
Contact Information Contact Information drop-down-btn
  • info@itrustcapital.com
  • (562) 600-8399
  • 2372 Morse Ave #966 Irvine, CA 92614
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iTrustCapital Gold and Silver Review

4.4

iTrustCapital specializes in IRAs for precious metals and cryptocurrencies. While it doesn’t offer cash purchases of precious metals for regular investors, it does have a good selection of IRA accounts.

All the silver and gold are investment-grade and physically held at the Royal Canadian Mint, with iTrustCapital managing the ownership through a blockchain ledger. The transactions are processed through the iTrustCapital platform, and Kitco executes these trades.

iTrustCapital Gold and Silver Highlight

A+

BBB Rating

$1000

Minimum Investment

Precious Metals IRA, Other

Investment Services

Pros & Cons

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  • con-icon Blockchain-based approach to buying precious metals
  • con-icon Minimum IRA deposit is just $1,000
  • con-icon No monthly account maintenance fees
  • con-icon User-friendly platform
  • con-icon US regulated tax-advantaged cryptocurrency accounts
  • con-icon No physical gold or silver purchases
  • con-icon Miscellaneous fees can add up.
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How to Apply

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iTrustCapital homepage

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iTrustCapital Sign Up

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List of fees

Getting started with iTrustCapital takes just a few minutes. Sign up for an account on the website. There are no sign-up fees. If you have any issues, the customer support team can help you with this process.

This includes choosing a custodian for your new account and a depository to keep your precious metals safe. You’ll be sent a confirmation email that you need to open and click the link to confirm the new account.

Then, you can select the type of IRA you wish to open and your funding method, entering this information when prompted. The available payment methods are an ACH debit, a bank wire, or a check. This payment typically takes three business days or less to process. If you wish to roll over an existing retirement account, you need to complete the necessary documents.

Once your account is fully set up, you can add funds to your precious metals IRA by rolling over an existing retirement account or making a direct contribution.

As soon as your funds hit your iTrustCapital account, you can start trading precious metals yourself 24/7. You can do so through a mobile app or directly through the iTrustCapital website.

Required Information

When starting with iTrustCapital, you need to provide standard personal and contact information to open an account. There will also be some additional details necessary if you’re looking to roll over an existing retirement account into a precious metals IRA. Here is some of the required information you need to provide:

  • Full name
  • Email address
  • Phone number
  • Password
  • Sign a custodial agreement

The maximum contribution in cash that you can make to a precious metals IRA at iTrustCapital each year is $6,500 for people who are 50 years old or younger, with this rising to $7,500 if you’re older.

The minimum you need to open an iTrustCapital account is just $1,000, which is significantly lower than most other precious metals IRAs.

In terms of the fees at iTrustCapital, you will not have to pay any monthly maintenance fee for your account. There is a $50 fee over spot per ounce of gold that you buy, dropping to just $2.50 over spot per ounce for silver. Finally, users pay a one-time $75 fee for converting IRAs.

iTrustCapital will never take physical possession of your assets to borrow/lend against them. Everything gets stored in an IRS-accredited facility. All the custodians it works with are also carefully vetted and regulated.

 

State Availability

- Available in all states

andrewo
Written by Andrew Omalley facebook-icon twitter-icon

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

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FAQ’s

What is the minimum deposit to open a precious metals IRA account with iTrustCapital?

You need to deposit at least $1,000 when opening an IRA with iTrustCapital.

Does iTrustCapital charge IRA maintenance fees?

iTrustCapital does not charge any account maintenance fee.

Can you get precious metals delivered to you through iTrustCapital?

iTrustCapital currently only provides precious metals IRAs and does not offer delivery of physical precious metals.

Customer Support

iTrustCapital has plenty of educational articles explaining key terms and topics in precious metals and cryptocurrencies. There are also very simple and useful videos to walk you through how to set up your account, add funds, and fill out rollover forms. You also have access to a learning center and a glossary to explain all the key terms you might come across.

You can interact directly with the customer service team by phone or email. The quality of the responses tends to be quite high, and the personnel are always helpful no matter your query.

Privacy & Security

iTrustCapital has a good track record of success, having handled more than $9 billion in transactions over the years.

It has an A+ rating with the Better Business Bureau and a five-star rating with Trustpilot reviewers. Thousands of customers seem pleased with their overall experience.

iTrustCapital has won various awards from respected industry bodies over the years for its customer experience. This reflects the platform’s user-friendly nature. Then, there’s the encryption technology that protects all of your sensitive information.

In Conclusion

iTrustCapital is a great option for anyone interested in investing in precious metals through an IRA. The low $1,000 minimum account opening balance is ideal for most needs, and the fee structure is fair.

iTrustCapital also takes a unique approach thanks to its blockchain-based system, which will appeal to some and not to others.

Brand Disclaimer

ITC2.0, Inc. (“iTrustCapital”) is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere.