EONA was designed to make buying allocated physical gold simple, with clear pricing and professional storage. Here's how it works — step by step.
1. Create and Verify Your Account
You begin by creating a free EONA account with your email and password. EONA is registered as a Dealer in Precious Metals and Stones with the UAE Ministry of Economy and Tourism for AML purposes, so we must verify your identity — including a government-issued ID and a KYC check.
Once approved, your account is ready to use.
2. Pay by Bank Transfer
Next, you send a bank transfer in AED or USD from a bank account in your own name. We do not accept cards, cash or crypto-assets.
Money you send is held only as payment for metal (“Funds for purchases”), earns no interest and is refunded automatically if not used within 30 days.
3. Choose Your Gold
Select the amount of gold you want to buy, from 1 gram upward.
You’ll see the price — based on the international spot price plus a premium — and the 1.00% commission plus 5% VAT before you confirm. See our Fees & Spread page.
4. Storage
All gold bought through EONA is stored with Loomis, an independent vault operator, in Dubai. Zurich and Singapore are planned locations (coming soon) and are not currently available.
Your holding is allocated to specific bars and recorded separately from EONA’s own assets.
5. Confirm
Once you confirm the purchase, your holding is allocated to specific bars. You’ll see it in your account, with full transaction history and documentation.
Storage is charged at 0.50% per year for gold, plus 5% VAT.
6. View or Sell
You can view your holding and bar allocations at any time, and sell back to EONA from your account. Proceeds are paid to your verified bank account.
The value of gold can rise or fall. EONA sells on an execution-only basis and does not give investment advice.