OWNx

OWNx is a technology-driven precious metals investment platform headquartered in Lawrence, Kansas, USA. The company lists its founding year as 2008 on its website, while corporate records indicate a registration date of March 22, 2019. It is owned by Mass Metal, LLC. OWNx focuses on providing everyday investors with access to physical gold, silver, and platinum through a digital platform designed for simplicity and transparency.

OWNx is not regulated by any financial authority. As a US-based entity, it operates as a private company under the laws of Kansas. The absence of oversight from bodies such as the SEC or CFTC means that investors do not benefit from the protections typically afforded to regulated securities or futures accounts. FXCanary's research has assigned a scam risk score of 40/100 (Guarded), reflecting the lack of regulatory safeguards.

The platform offers two account structures: a free Standard account and a subscription-based EDGE membership. Standard account purchases include a premium that decreases from 5.99% to 1.99% as investment amounts grow. The EDGE membership, at $14.99 per month or $149 per year, removes the premium entirely, offering at-cost wholesale pricing. An EDGE + IRA option is available for $249 per year. Storage fees are a flat 0.05% of holdings monthly, deducted in metal.

Investors can start by choosing between a standard account or a Precious Metals IRA. After signing up, they select a membership option and fund the account. OWNx supports auto-investing via dollar-cost averaging, enabling regular purchases. Users can also trade in real time using a funded cash account. Withdrawals in cash or physical metal are available, with cash withdrawals taking 3-5 business days to process.

OWNx is designed for individuals seeking direct, long-term ownership of physical precious metals without the complexities of traditional coin dealers or ETFs. It appeals to both new and experienced investors who value transparency, low costs, and the ability to automate savings in gold and silver. The platform's technology-driven approach aims to make precious metals investing as easy as using a savings account.