IPM

IPM, operating under the official domain indigopreciousmetals.com, is a Singapore-based physical precious metals dealer. Founded on February 17, 2020, the company specializes in the sale and storage of investment-grade bullion, including gold, silver, platinum, palladium, and rhodium. Its registered address is 7 Bukit Pasoh Road, Singapore 089821.

IPM presents itself as a group with affiliated operations in Australia, London, and Switzerland, though its primary incorporation is in Singapore under the name IPM Group Pte Ltd (Company Number 201428070N). The company also lists a Malaysian entity, Indigo Precious Metals Group Sdn Bhd.

Our records indicate that IPM does not hold any financial regulatory licences from a recognised authority such as the Monetary Authority of Singapore (MAS) or any other national regulator. This absence of regulatory oversight means that the company operates without the mandatory compliance framework typically required for financial services firms.

Without regulation, clients may not have access to protections such as compensation schemes, dispute resolution mechanisms, or independent audits of client funds. FXCanary urges caution when dealing with unregulated entities, particularly those handling physical assets or large transaction values.

IPM offers a range of precious metal products, including gold bars (e.g., 50g Metalor, 100g PAMP Suisse), gold coins (e.g., 1 oz PAMP Suisse), silver bars and coins, platinum products, and bullion jewellery. The company emphasises competitive pricing, with live price indexes displayed on its site for various products.

In addition to direct purchases, IPM provides a vaulted storage service through Malca-Amit at Le Freeport Singapore, a duty-free facility. The company claims that all stored metals are fully allocated, tax-free, and held in the client's name under segregated custody. Delivery or collection options are also available.

As a bullion dealer rather than a forex broker, IPM does not offer standard trading accounts or trading platforms typical of online brokers. Instead, clients can place orders through the website's ecommerce interface, which functions like an online store. There is no mention of leverage, margin trading, or derivative products.

The buying process is described as a simple nine-step procedure: adding items to a basket, registering or checking out as a guest, making payment, and arranging delivery or storage. Payment terms require full settlement, typically by the next business day for pre-orders.

IPM appears to target both retail investors and institutional clients who wish to buy physical precious metals for wealth preservation or portfolio diversification. The company's marketing emphasises security, transparency, and ease of purchase.

However, the lack of regulatory oversight may deter risk-averse investors. While the company provides contact details, including a Singapore phone number and email, the absence of independent reviews or third-party audits makes it difficult to verify its operational reliability.

According to the website, the Managing Director is David J Mitchell, whose career in finance dates back to 1986. The team is described as having extensive experience across banking and precious metals markets. The company is private and does not disclose detailed financial statements or ownership structures.

IPM is affiliated with Baird & Co and Swiss Bullion Corp AG as official distributors, which may lend some credibility to its supply chain. Nonetheless, the company's relatively recent founding (2020) and unregulated status warrant due diligence by potential clients.

IPM is a niche precious metals dealer based in Singapore, offering physical bullion sales and storage. While its website appears professionally designed and provides detailed product information, the absence of any financial regulatory licence is a significant risk factor.

FXCanary recommends that traders and investors conduct thorough background checks before transacting with IPM. Without regulatory oversight, recourse may be limited in the event of disputes or losses. For those seeking regulated alternatives, we advise choosing brokers overseen by authorities such as the MAS, FCA, or CySEC.