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Texas Precious Metals foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.texmetals.com/, about the company's legal and temporary regulatory information, the company's address 50 CR 356 Shiner, TX 77984.

Texas Precious Metals Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

Texas Precious Metals LLC

Abbreviation

Texas Precious Metals

Company employee

Contact Number

+13615943624

Company Website

https://www.texmetals.com/

Company address

50 CR 356 Shiner, TX 77984

Facebook

https://www.facebook.com/texmetals

https://twitter.com/texmetals

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

Aspect Information Company Name Texas Precious Metals Registered Country/Area United States Founded Year 2011 Regulation Unregulatory Minimum Deposit No minimum deposit required Maximum Leverage N/A Trading Platforms Web Trader Tradable Assets Gold, silver, and platinum Account Types Standard account Demo Account Unavailable Customer Support Phone, Email and Social Media Deposit & Withdrawal Bank wire transfers, CASH (PICK UP ONLY), ACH, personal checks, and major credit cards Educational Resources Buyer's Guide, FAQs, Videos and Articles Overview of Texas Precious Metals Texas Precious Metals (TPM) is a well-established precious metals dealer offering a diverse selection of gold, silver, and platinum products, emphasizing direct ownership and secure storage options. They cater to individual investors seeking tangible assets to hedge against economic uncertainties. TPM's transparent pricing, educational resources, and excellent customer support are among its notable strengths, making it an appealing choice for many investors. However, TPM's limitations include its exclusive focus on precious metals, which restricts portfolio diversification, and the absence of a traditional trading platform with advanced features. Additionally, shipping and storage fees can add to the overall cost of investment, and the lack of regulation by a financial authority. Regulatory Status Texas Precious Metals currently does not hold any valid regulatory certificates. Although it is incorporated in the United States, it lacks regulation from any recognized financial authority. It is crucial to understand that engaging with an unregulated broker involves significant risks, as there is no supervisory entity to enforce ethical practices and safeguard client assets. Pros and Cons Texas Precious Metals (TPM) presents a compelling option for investors seeking exposure to physical precious metals. Its wide range of gold, silver, and platinum products caters to various preferences, while its transparent pricing model ensures clarity on costs. Emphasizing direct ownership of tangible assets, TPM offers secure storage options and comprehensive educational resources to guide investors. However, TPM's limitations lie in its narrow focus on precious metals, hindering portfolio diversification opportunities. The absence of a sophisticated trading platform with advanced features may not appeal to experienced traders. Additionally, shipping costs and the lack of regulatory oversight could be deterrents for some investors. Pros Cons Wide Range of Products Limited Investment Options Physical Possession of Precious Metals Limited Trading Platform Features Various Educational Resources Additional Shipping Costs Secure Storage Options Lack of Regulatory Oversight Transparent Pricing Market Instruments TPM primarily focuses on physical precious metals as their market instruments. Their offerings include: Gold: Texas Precious Metals provides an extensive selection of gold products, including: Gold Coins: Popular coins such as the American Gold Eagle, Canadian Maple Leaf, South African Krugerrand, and Chinese Gold Panda are available. These coins are highly valued for their purity and liquidity. Gold Bullion Bars: Available in various sizes, including 1 oz, 10 oz, and 1 kilo bars. These bullion bars are 99.99% pure gold, making them a reliable investment option for those looking to diversify their portfolios. Silver: The silver products offered by TPM include: Silver Coins: TPM offers a range of silver coins, including the American Silver Eagle and Canadian Maple Leaf. These coins are well-known for their purity and are favored by investors and collectors alike. Silver Bullion Bars: These bars are available in multiple sizes, similar to gold bars, and are a cost-effective way to invest in silver. Platinum: Platinum Bars and Coins: Although not as extensive as their gold and silver offerings, TPM does provide options for those looking to invest in platinum. Account Types Texas Precious Metals simplifies its account offerings into one standard account and this account is designed for individual investors looking to buy and own physical precious metals. Account Opening Process Opening an account with Texas Precious Metals is a simple and straightforward process: Create an Account: Users can create an account online by providing personal information, such as name, email address, and phone number. Verification: TPM may require additional information or documentation to verify the customer's identity, address, and payment method. Funding: Once the account is verified, customers can fund it through various methods, including bank wire transfers, ACH transfers, and personal checks. Leverage Texas Precious Metals does not offer leveraged trading. All purchases are made on a full payment basis, meaning customers buy the metals outright without borrowing funds to increase their buying power. This approach minimizes the risk associated with leveraged trading, making it suitable for investors looking for a more secure investment method. Trading Fees Texas Precious Metals (TPM) operates with a transparent fee structure aimed at providing clarity for its customers. The core transaction involves the purchase of precious metals like gold, silver, and platinum, with prices aligning with real-time market rates. TPM distinguishes itself by avoiding hidden fees, guaranteeing that the listed price accurately reflects the final cost of the metals themselves. Beyond the purchase price, additional fees are applicable depending on the specific services utilized. Shipping fees, which vary based on order size and destination, cover the secure delivery of the purchased metals. For clients opting for storage solutions, TPM offers depositories in Texas and the Cayman Islands. Utilizing this service incurs storage fees, which are determined by the value and volume of the stored metals. Trading Platform Texas Precious Metals operates primarily through its website, which serves as the main platform for all transactions. Key features of their platform include: Real-time Pricing: The platform provides up-to-date pricing for all listed metals, allowing customers to make informed purchasing decisions. User-Friendly Interface: The website is designed to be easy to navigate, with clear categories for different products and an intuitive checkout process. Deposit and Withdrawal Texas Precious Metals provides flexible options for deposits and withdrawals: Deposits: Payment Methods: TPM accepts various payment methods including bank wire transfers, CASH (PICK UP ONLY) , ACH, personal checks, and major credit cards. This flexibility accommodates a wide range of customer preferences. Order Processing: Orders are processed once the payment is confirmed. The processing time varies depending on the payment method used, with wire transfers generally being faster. Withdrawals: Physical Delivery: Purchased metals are delivered to the customer's specified address. TPM ensures all shipments are insured and trackable, enhancing security. Storage Options: Customers can opt to store their purchases in the Texas Precious Metals Depository or the Cayman Islands depository. This option is particularly useful for those who prefer not to handle physical storage themselves. Customer Support Options Texas Precious Metals provides robust customer support through multiple channels: Phone Support: 361.594.3624, available during business hours, phone support allows customers to get immediate assistance. Email Support: For less urgent queries, customers can email the support team and expect timely responses. Social media: TPM offers popular social media channels, including Twitter, Facebook, YouTube, etc. Educational Resources TPM offers a wealth of educational resources designed to enhance customer knowledge: Buyer's Guide: A detailed guide that walks customers through the process of purchasing precious metals, from selecting the right product to understanding market dynamics. FAQs: A detailed FAQ section addresses common questions about precious metals and TPM's services. Videos and Articles: Regularly updated content that includes market analysis, investment strategies, and general information about precious metals. Conclusion Texas Precious Metals (TPM) offers a valuable service to those seeking to invest in physical precious metals, providing a wide selection of gold, silver, and platinum products, transparent pricing, and robust educational resources. Their emphasis on direct ownership and secure storage options, coupled with excellent customer support, caters to both novice and experienced investors. However, the lack of regulatory oversight, limited investment options beyond precious metals, and additional fees for storage and shipping are notable drawbacks to consider. Potential investors should carefully weigh these factors to determine if TPM aligns with their investment goals and risk tolerance. FAQs Q: Does Texas Precious Metals provide any guidance or resources for novice investors？ A: Absolutely, their website boasts a wealth of educational materials, including a buyer's guide, blog articles, FAQs, and videos, designed to help customers make informed decisions. Q: How does Texas Precious Metals determine the price of their products？ A: Prices are based on real-time market rates with a transparent premium added to cover sourcing, refining, storage, insurance, and delivery costs. Q: What should I consider before investing in precious metals with Texas Precious Metals？ A: It's important to be aware that investments are limited to physical precious metals, and the company operates without regulatory oversight. Additional fees for storage and shipping may apply. Q: What payment methods does Texas Precious Metals accept？ A: They accept various payment methods, including bank wire transfers, ACH transfers, personal checks, and major credit cards. Q: Can I store my precious metals with Texas Precious Metals？ A: Yes, they offer secure storage options in their depositories located in Texas and the Cayman Islands.

Texas Precious Metals broker review

Is Texas Precious Metals safe or scam

Rating Index

How to login to Texas Precious Metals?

Texas Precious Metals Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide for navigating the Texas Precious Metals (TPM) platform. This guide will help you understand the processes involved in registering, opening an account, and logging into

Texas Precious Metals Broker - Complete Information Guide

1. Broker Overview

　　Texas Precious Metals, founded in 2011, is a prominent precious metals dealer based in Shiner, Texas. This company operates as a private entity, specializing in the buying and selling of various precious metals, including gold, silver, and platinum. The primary market for Texas Precious Metals consists of individual investors and collectors across North America, aiming to provide a reliable source for precious metals in a competitive market.

　　Since its inception, Texas Precious Metals has achieved significant milestones, including being recognized as one of the fastest-growing businesses in its category. The company has processed over $1.2 billion in transactions, reflecting its robust presence in the precious metals industry. Texas Precious Metals is affiliated with several reputable organizations, including the American Numismatic Association (ANA) and the Industry Council for Tangible Assets (ICTA), which further establishes its credibility and expertise in the field.

　　Texas Precious Metals operates on a business model that focuses on retail sales of precious metals, catering to both small-scale and large-scale investors. The company emphasizes transparency and customer service, ensuring that clients receive high-quality products at competitive prices. As a result, the Texas Precious Metals broker has built a strong reputation among investors seeking to diversify their portfolios with tangible assets.

2. Regulatory and Compliance Information

　　Texas Precious Metals operates under various regulatory frameworks, although it currently lacks formal regulation by a recognized financial authority. The company adheres to the following compliance measures:

Primary Regulatory Bodies: While Texas Precious Metals does not have specific regulatory licenses, it follows the guidelines set forth by the Financial Crimes Enforcement Network (FinCEN) regarding anti-money laundering (AML) policies.
Compliance Numbers: Specific regulatory numbers are not publicly available due to the lack of formal licensing.
Licensing Duration and Scope: The company does not hold traditional regulatory licenses, which means its operations are primarily self-regulated.
Legal Entities in Different Regions: Texas Precious Metals operates under the laws of the state of Texas and complies with local regulations governing precious metals trading.
Client Fund Segregation Policy: Texas Precious Metals emphasizes the importance of client fund protection, ensuring that all transactions are conducted securely and transparently.
Investor Compensation Fund Participation: The company does not participate in a formal investor compensation fund due to its unregulated status.
KYC and AML Compliance Measures: Texas Precious Metals has implemented strict Know Your Customer (KYC) and AML policies, requiring clients to provide identification and verification of their funds to prevent illegal activities.

　　This commitment to compliance and regulation ensures that the Texas Precious Metals broker operates within a framework designed to protect both the company and its clients.

3. Trading Products and Services

　　Texas Precious Metals offers a diverse range of products and services tailored to meet the needs of its clients. The following outlines the key offerings:

Currency Pairs: Although primarily focused on precious metals, Texas Precious Metals does not offer traditional forex currency pairs.
CFD Product Categories: The company does not provide Contracts for Difference (CFDs) but specializes in physical precious metal products.
Special Products: Texas Precious Metals is known for its unique Texas Silver Round, which has gained popularity among collectors and investors alike.
Product Update Frequency: The inventory is regularly updated, and new products are added based on market demand and availability.
Retail Trading Services: Texas Precious Metals provides a seamless online shopping experience, allowing clients to purchase precious metals directly through their website.
Institutional Client Services: While primarily serving individual investors, Texas Precious Metals also caters to institutional clients seeking bulk purchases.
White Label Solutions: Specific white label solutions are not mentioned in the available information.
Asset Management Services: The company does not offer asset management services but focuses on facilitating direct purchases for clients.

　　The comprehensive range of products and services offered by the Texas Precious Metals broker positions it as a reliable choice for investors looking to acquire precious metals.

4. Trading Platform and Technology

　　Texas Precious Metals utilizes a user-friendly online platform for transactions, focusing on accessibility and ease of use. Key features include:

MetaTrader 4/5 Support: The company does not offer support for MetaTrader platforms as its primary focus is on physical precious metals rather than forex trading.
Proprietary Platform Details: Texas Precious Metals operates its website as the main platform for transactions, designed to be intuitive and easy to navigate.
Web-Based Trading Platform: The website serves as a comprehensive trading platform where clients can browse products, place orders, and manage their accounts.
Mobile Application Support: Currently, Texas Precious Metals does not have a dedicated mobile application for trading.
Execution Models: The company primarily operates on a direct sales model, focusing on the sale of physical metals rather than offering execution models like ECN or STP.
Server Location and Technical Infrastructure: Texas Precious Metals hosts its website on secure servers to ensure the protection of client data and transactions.
API Access and Automated Trading Support: The availability of API access for automated trading is not indicated in the information provided.

　　The trading platform of the Texas Precious Metals broker is tailored to provide a straightforward purchasing experience for clients interested in precious metals.

5. Account Types and Trading Conditions

　　Texas Precious Metals offers a simplified account structure designed to accommodate a wide range of investors. The following details the account types and trading conditions:

Standard Account Conditions:
Minimum Deposit: There is no formal minimum deposit requirement for purchasing precious metals.
Spreads and Commissions: Texas Precious Metals operates on transparent pricing with no hidden fees, allowing clients to see the exact costs associated with their purchases.
Advanced Account Types: The company does not offer specialized advanced account types such as VIP or professional accounts.
Special Accounts: There is no indication of special accounts such as Islamic or corporate accounts being available.
Demo Account Policy: Texas Precious Metals does not provide demo accounts as its focus is on physical metal transactions rather than trading platforms.
Leverage Ratios: Due to the nature of physical metal purchases, leverage is not applicable.
Minimum Trade Sizes: There are no minimum trade sizes specified, as clients can purchase products based on their individual needs.
Overnight Fees Policy: The company does not charge overnight fees since transactions are for physical metals.

　　The account structure and trading conditions of the Texas Precious Metals broker are designed to be accessible and straightforward for all types of investors.

6. Fund Management

　　Texas Precious Metals provides various options for fund management, ensuring that clients can easily manage their transactions. Key details include:

Supported Deposit Methods:
Bank Transfers: Accepted for all orders.
Credit Cards: Accepted for orders under $10,000.
Electronic Wallets: Not specified in the available information.
Minimum Deposit Requirements: There are no minimum deposit requirements for purchasing metals.
Deposit Processing Times: Deposits are processed promptly upon receipt of payment.
Deposit Fees: There are no fees associated with deposits.
Withdrawal Methods and Restrictions:
Withdrawal Options: Clients can request withdrawals through various methods, including bank wire transfers.
Withdrawal Processing Times: Withdrawals are typically processed within a few business days.
Withdrawal Fee Structure: Specific fees for withdrawals are not mentioned in the information provided.

　　The fund management options available through the Texas Precious Metals broker are designed to facilitate smooth and efficient transactions for clients.

7. Customer Support and Educational Resources

　　Texas Precious Metals prioritizes customer support and education, providing various resources to assist clients. Key offerings include:

Support Channels:
Phone Support: Available during business hours.
Email Support: Clients can contact the support team via email for assistance.
Live Chat: Not currently available.
Social Media: Texas Precious Metals maintains a presence on various social media platforms.
Service Hours and Time Zone Coverage: Customer support operates from 8 AM to 6 PM Central Time on weekdays.
Multilingual Support: There is no specific mention of multilingual support.
Educational Resource Types:
Webinars: Not specified.
Tutorials and E-books: Available on the website.
Market Analysis Services: The company provides market insights and updates on precious metals.
Trading Tools: Clients have access to various tools to assist with their investments, although specific tools are not detailed.

　　The customer support and educational resources provided by the Texas Precious Metals broker are designed to enhance the overall client experience and facilitate informed investment decisions.

8. Regional Coverage and Restrictions

　　Texas Precious Metals serves a broad market across North America, with specific regional coverage and limitations. Key details include:

Primary Service Markets: The company primarily serves clients in the United States and Canada.
Regional Office Distribution: Texas Precious Metals operates from its headquarters in Shiner, Texas.
Countries/Regions Not Accepted: Specific countries or regions where Texas Precious Metals does not accept clients are not detailed in the available information.
Special Restrictions: There are no specific restrictions noted, although clients are encouraged to check local laws regarding precious metals transactions.

　　In summary, the Texas Precious Metals broker is a reputable and established dealer in the precious metals market, offering a range of products and services tailored to meet the needs of individual and institutional investors. With a strong commitment to customer service and compliance, Texas Precious Metals continues to be a trusted choice for those looking to invest in tangible assets.

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