Buyer be away
For every 1gram you buy Metfolio takes £80+ premium
Be Careful Before Investing Through This App
Please read carefully before investing through this application, as you may end up losing a significant amount of money.
This application allows you to buy fractions of a gold coin or gold bar based on the current gold price. On the surface, the concept sounds appealing, especially for people who cannot currently afford to buy a full coin or bar outright.
However, what is not immediately apparent is that if the market price of gold is, for example, £100 per gram, you would reasonably expect a £100 purchase to give you approximately 1 gram of gold. In reality, you may receive only around 0.5 grams. The difference is not clearly explained during the purchase process.
It is only after making enquiries or submitting a complaint that the automated chat system explains that additional costs and charges have been applied.
To put this into perspective, a gold coin containing almost 8 grams of gold would cost around £1,600 through this application. The same coin could be purchased directly elsewhere for approximately £800. In other words, you could end up paying nearly double the market value.
Another major concern is that you cannot simply withdraw or refund your money. The only way to take delivery is to accumulate enough gold to obtain a full coin or bar, effectively forcing you to continue purchasing until you reach that threshold.
The alternative is to “scrap” the gold, which is their term for cashing out. However, doing so results in a substantial loss, often around 50% of the amount you have paid.
Please read other reviews before investing. You will find many experiences similar to mine. I only wish I had read those reviews before investing, as this has resulted in a significant financial loss.
This application allows you to buy fractions of a gold coin or gold bar based on the current gold price. On the surface, the concept sounds appealing, especially for people who cannot currently afford to buy a full coin or bar outright.
However, what is not immediately apparent is that if the market price of gold is, for example, £100 per gram, you would reasonably expect a £100 purchase to give you approximately 1 gram of gold. In reality, you may receive only around 0.5 grams. The difference is not clearly explained during the purchase process.
It is only after making enquiries or submitting a complaint that the automated chat system explains that additional costs and charges have been applied.
To put this into perspective, a gold coin containing almost 8 grams of gold would cost around £1,600 through this application. The same coin could be purchased directly elsewhere for approximately £800. In other words, you could end up paying nearly double the market value.
Another major concern is that you cannot simply withdraw or refund your money. The only way to take delivery is to accumulate enough gold to obtain a full coin or bar, effectively forcing you to continue purchasing until you reach that threshold.
The alternative is to “scrap” the gold, which is their term for cashing out. However, doing so results in a substantial loss, often around 50% of the amount you have paid.
Please read other reviews before investing. You will find many experiences similar to mine. I only wish I had read those reviews before investing, as this has resulted in a significant financial loss.
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Metfolio
A perfect place to invest in gold, you can buy gold at a pace that suits yourself (monthly or one off payment) and when you have gold invested, you can convert this into physical gold (sent to your door), the process is easy, Thanks
Only started
Hopefully this app it’s very helpful
Scam. You make them rich.. over charge for gold
They over charge for gold and trick you… when you redeem your gold they will give you very low price and they will cut like 5g of gold from you amount without even saying or showing.. on the screen you will see lower amount then you actually have.. Refund all my money you scammers.. this is no saving.. they selling you over price so you have to wait like 10 years even to make any money if so..
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SCAM
They took $50 for .181 gm gold and market value is $27 they changed all most double and if you want to sell it they offer you $17 great SCAM
Invested 500£ had 215£ back
I highly doubt not recommending this app to anyone I have not received any money from this company I’m still waiting for my refund I did many attempts to contact them via telephone email as well , email jumped back invalid recipient , phone on voicemail I’ve been scammed which I have no choice to contact authorities ! And contact back for payment reversal !.
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Kkumar
I’ve been in a subscription for 3 months now and was looking to get a refund however you won’t get the money you put in instead you’ll only get scrap value for gold. So if you opt in for investing you’ll never receive the same amount you put in.
Not work
This app not working on USA 🇺🇸
Con
Seems like a good idea but you would be better off going and buying real gold for the £50 spent I was only getting £32 very high commission rates undisclosed I would avoid!
Gold price hit record highs today gold is worth less that previous customer service non existent
Gold price hit record highs today gold is worth less that previous customer service non existent
Mr
Hajimussa
Very good app ver good customer support
Had to wait awhile for my money due to a issue with 3rd party However the customer support was brillant and they solved the issue Fast Would recomend to everyone of all ages to start saving
Do not use
Waiting a month in for £144
promised 10 bussiness days but they clearly cant manage it
messaged them mutiple times and they either ignore me or try and say they done it they lie lie lie
Worst app for gold investing ever created
promised 10 bussiness days but they clearly cant manage it
messaged them mutiple times and they either ignore me or try and say they done it they lie lie lie
Worst app for gold investing ever created
Scam
They just charge you double the price
Premiums far too high
Best to avoid this app, premiums are far far to high. use chards, Atkinson’s, bullion by post or the royal mint, all are vastly cheaper (Atkinson’s is my favourite and usually cheapest) . They claim to “price match” major dealers but I’ve never seen any major dealer with higher premiums than this lot! Avoid!
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Scam and fraud
This app is scam and fraud I purchased gold from them from almost beginning of year and now I am losing £65 from £300 while if should be £365 for my earnings. They give you around 0.189 grams less each time you buy £50 gold worth
Not very transparent
Seems like a good idea but you would be better off going and buying real gold for the £50 spent I was only getting £32 very high commission rates undisclosed I would avoid!
£30 up charge on a 1 g of gold
I was just about to buy the gold for the first time on this app and realise the markup is more than 20% as the currently gold price is £90 a gram they are charging £120 for a gram. You better of buying gold on Glint.
Rip-off
Downloaded and used the app to purchase gold worth £100 thinking I will be able to accumulate over a period of time. When checked my account, it was only credited with £75 worth of gold. Contacted but don’t get a response and had to follow up leading to a very odd response of can’t be cancelled.
investment
looking forward to investing my money
