About Swan Bullion
Company Overview
Swan Bullion is a precious metals company based in Australia, registered in 2019. The firm operates from a physical address at 7/2155 Albany Hwy, Gosnells, Western Australia, and also indicates plans for a Canada office in Oakville, Ontario. Its core business involves the trading (buying and selling) and loaning of precious metals including gold, silver, platinum, and collectible coins, as well as retailing jewellery, rounds, bullion, and numismatics.
The company presents itself as a boutique dealer and a leading buyer in Perth, emphasising real-time market rates and same-day cash payouts. It offers three ways to transact: in-store, online, or by phone, catering primarily to Australian clients but also indicating a Canadian presence.
Regulatory Status
A critical point for traders is that Swan Bullion currently operates without verified regulatory supervision from any financial regulatory authority. While the firm's website mentions being a 'licensed precious metal dealer in Western Australia' under the Second Hand Dealers Act, this is a local business licence, not a financial services licence from a body such as ASIC. FXCanary's records confirm no regulatory licences on file, and the firm is not registered with any major financial regulator.
This absence of regulatory oversight means that client funds are not protected by any investor compensation scheme, and there is no external oversight of their business practices. For any trader or investor considering their services, this lack of regulation represents a significant risk factor.
Services and Products
Swan Bullion's primary services revolve around physical precious metals. They buy precious metals from customers, offer loans using metals as collateral, and sell bullion and collectible coins. Their buyback service promises instant cash payouts and XRF verification for purity. Loan terms are typically 90 days, with options for extension.
The firm also offers a wholesale bullion program aimed at retailers and institutions, claiming exclusive partnerships with international mints to provide competitive wholesale prices. Retail customers can purchase bullion online or in-store, with no identification required for purchases under $5,000.
Account Types and Requirements
The company provides three account types: Personal, Business, and SMSF (Self Managed Superannuation Fund). Registration is available online or in-store. For transactions over $5,000, KYC/AML verification is required, including valid photo identification for purchases, and ID is mandatory for all selling or loan transactions under Western Australian law.
Business accounts require an ASIC Company Extract, while SMSF accounts need a Trust Deed and possibly additional documentation. The firm's website details the ID requirements clearly, aiming to comply with local legislation.
Target Audience
Swan Bullion primarily targets Australian residents interested in buying, selling, or borrowing against precious metals. This includes individual investors, businesses, and SMSF trustees. The wholesale program is aimed at other retailers and institutional clients. The company does not appear to target forex or CFD traders, as its focus is strictly on physical metals trading and secured lending.
Overview compiled by FXCanary from regulatory records and public data. full Swan Bullion review