Welcome to my Lexi Capital Review!
Let's get to know this company by answering some simple questions that can tell us if they are the right company for your GOLD IRAs!
First, we will begin with answering:
What is Lexi Capital?
Then, we will explore all the facts and information you need to know!
So, let's start our review of Lexi Capital!
Lexi Capital Summary Review
- Name: Lexi Capital, LLC
- Website: https://lexicapital.com/
- CEO/Founder: Chris Mitchell
- Price: $1500 minimum order
- Rating: 4/5
What is Lexi Capital?
Lexi Capital, LLC is an investment company offering gold and silver investments through a GOLD self-directed individual retirement account (IRA).
So, this company was founded on 2010 through some entrepreneurs who grew tired of seeing retirees suffer at the hands of fluctuating markets, politicians focused on profit and unscrupulous bankers seemingly immune from the law.
Products & Services of Lexi Capital
Open or Convert an IRA
So, there are three steps into opening your self-directed IRA with Lexi Capital:
- New or Transfer - You can either open a new self-directed IRA or transfer another retirement account. So if you prefer to keep your traditional retirement account or have no account, opening a new IRA is simple.
- Gather Documents - To open a new gold and silver IRA, you’ll need your social security number and personal information. However for transferring, make sure to gather your recent retirement account statements as well.
- Professional portfolio analysis - Contact Lexi Capital and an adviser will help you understand how gold and silver can hedge against inflation and the instability of traditional financial markets.
After that, you can then start buying precious metals bullion for your account. However, Lexi Capital does not disclose what kind of bullions they offer. So, this can be quite a red flag for other people since it is nice to be able to choose and know what kind of products you are going to get. Plus, they also have a minimum investment requirement of $1,500. Furthermore, if your initial investment is at least $15,000 then they wouldn't charge you with new account fees.
The Gold Assurance Plan
So, what makes Lexi Capital different?
Apparently, they offer The Gold Assurance Plan. So with this plan, eligible gold coins are protected for six months at up to $500 per ounce.
Furthermore, they will also fully explain and give you the option of holding your precious metals privately or keeping them in a depository.
More so, this is a six-month repricing policy that empowers your investment by helping to mitigate the effect of short term corrections.
Your portfolio’s eligibility is communicated during purchase. Additionally, bullion products are eligible for an extra fee.
Depository and/or Private Storage
Personal Storage IRA/Private Storage IRA
You have the option of privately holding the precious metals you’re investing in, a level of control unheard of in most retirement accounts.
Plus, you’ll receive full-service assistance from our advisers so that you clearly understand how the process works.
Self-Directed IRA (Private Depository Stored)
For those who want professional storage of their gold and other precious metals, Lexi Capital provides secure storage with their partner STRATA Trust in an IRS approved Delaware Depository.
So, you’ll receive all of the benefits of gold and silver investment without having to worry about physically safeguarding your assets yourself.
Additionally, you can also choose how your precious metals is stored. So, there are two ways your precious metals:
- Commingled Storage: This means that your assets is stored with other peoples assets. So, the coin that you deposited might not be the same coin you will receive when you withdraw it. However, it will still be the same type that will be sent to you.
- Segregated Storage: In a segregated storage your precious metals is stored separately from other customers. So unlike commingled storage, you will get the exact coin that you deposited. However, a segregated storage is more expensive than a commingled one.
Lexi Capital Fees
Below, you can see the fees that Lexi Capital charges their customer for their services.
Investments below $50,000 is charged with $285 fee for the first year and $180 for the consecutive years. However, investments that are over $50,000 are not charged any yearly fee.
Shipping, Handling, and Insurance Fee
$1,500 - $14,999.99 orders: $14.95
$15,000+ orders: No Fee
$45 + Market loss difference
Reviews and Ratings of Lexi Capital
There are very limited reviews for Lexi Capital, here's all of it:
- Trustlink - 5 out of 5 based on 3 reviews
- Yelp - 5 out of 5 based on 1 review
- BCA - AAA rating without Customer reviews
- BBB - A+ Accredited business with no customer reviews and ratings
At first glance, these ratings might look really good. However when you look into it, there is not a lot of reviews and ratings from actual customers. So, I would take these ratings with a grain of salt.
Below, I have listed some precious metals companies that you should check out:
What I Like About Lexi Capital
They Allow Cancelling Orders
Since we really can't avoid the inevitable, Lexi Capital realizes rare situations happen where orders need to be cancelled.
So, if you want to cancel orders, you must do so during normal business hours of 9:00 – 5:30 EST Monday – Friday.
Plus, all cancellations are subject to our market loss policy plus a $45.00 (USD) cancellation fee.
You can refund, return and/or exchange items
Lexi Capital offers their customers with a refund, return and/or exchange policy on everything they sell including all bullion and certified coins.
However, this right is limited to three (3) days from the date on which the customer receives their items.
Furthermore, the refund, return and/or exchange policy only applies to customers who notify their Customer Service Department by telephone within three (3) days from the date on which the customer receives their item and keeps the item in its original packaging.
Additionally, they provide a 3% cash discount off their list/retail price to their customers if they pay for their orders by check, cashier’s check, bank wire, cash or trade. So, the prices quoted for each product they sell include the 3% cash discount unless you choose to pay by credit card.
What I Don't Like About Lexi Capital
They Implement a 'MINIMUM ORDER' Policy
Lexi Capital's minimum US order is $1500.00 (USD) per transaction, regardless of the payment method.
So, if you're planning to invest with less than that amount, Lexi Capital's not the one for you.
No Info on What Bullion They Offer
Lexi Capital does not have any catalogue of what they offer in their website. So, no coins, bars, etc. or even just a list of what they offer.
Limited Information on their Website
If you want to know what Lexi Capital is, their website will not answer all the questions you have.
Well, I think if you want to attract customers into investing in what you do, then you should give them all the information they need.
Is Lexi Capital a SCAM?
To summarize this Lexi Capital review, there are very limited reviews for Lexi Capital.
So, I don't recommend it very much.
Furthermore, investing $1,500 without much information on the company is very risky and can be bad for your retirement.
So, the best way to make investing work is to find a reliable and trusted company.
To really protect your wealth, I would recommend GOLDCO.
Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings.
So, if you have an IRA, 401(k), 403(b), TSP, savings or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.
Plus, Goldco is a privately held firm specializing in wealth and asset protection.
More so, they are rated A+ by the Better Business Bureau and Triple A by Business Consumer Alliance. Their quality customer service, dependability, and ethical business practices have resulted in thousands of satisfied customers and positive reviews.
Learn more about Goldco by clicking below!
Thank you for reading this Lexi Capital review!