In this Lexi Capital review, we take a look at the business, its offerings, what we liked, what we did not like and whether we would or would not use it to invest in gold or a gold-backed IRA.
Who is Lexi Capital?
Lexi Capital is a US-based investment company that specializes in buying or selling of coins and precious metals. The company was founded in 2010 by investment-savvy individuals from UCLA and their main purpose is to educate people in the field of investing.
The founders were focused on setting a business plan as they established this investment company. However, they were more interested in exploring the potentials of precious metals, which can help individuals who want to maximize their profits over their lifetime.
Since Lexi Capital was created, it continues to provide the same level of service it has been providing since it started its business.
What Does Lexi Capital Offer?
Lexi Capital offers the Gold Assurance Plan, and it is their most popular service. Primarily, this service features a return policy valid for six months for gold coins.
The main purpose of this service is to mitigate and address price fluctuations that occur in a short-term basis. Retail customers are the ones who commonly take advantage of this service.
In addition to the Gold Assurance Plan by Lexi Capital, they also offer various selections of coins such as special editions, semi-numismatics and numismatics.
For those new to the world of investing, they can acquire a sufficient amount of information on how to get started with metals, since Lexi Capital also educates potential clients on investing and collecting.
What’s more this company provides bonuses for investors who wish to convert or open an IRA. This helps if you want to get the best value for your time and money since this is the main purpose of investing.
While the company may be a newcomer in the world of precious metals IRA, they are quite competitive as they position themselves as an authority in investing.
Things To Like About Lexi Capital
There are several things you will like about Lexi Capital including the following:
1. Educating Investors
Investing can be a difficult activity to begin for some people because of the numerous risks involved. There is always the possibility of losing money, but that’s why it’s necessary to get the proper education to minimize this risk.
Lexi Capital helps people make the best decision, by providing essential information on what it takes to invest in precious metals and gold while protecting their wealth at the same time.
2. Wide Selection of Products
At Lexi Capital, you can choose from various products that they sell, including semi-numismatics, numismatics and special edition coins. You can also learn more about the pros and cons of being a collector and investor of these products.
3. Responsive Staff Members
If you need some pieces of advice on investing, or you have any concerns about the company’s products and services, you can always contact the customer service representatives for these purposes. With just a phone call or email, you can receive prompt support for your concerns or inquiries.
Things NOT To Like About Lexi Capital
It is also important that you look into the not-so-good features of Lexi Capital, so you will be guided properly on whether you should choose this investment company or not.
1. Length of Time in Business
The company started in 2010 and for those who are looking for a more established firm, this may be a bit of a concern to them. Depending on your level of risk going with a more authoritative company in the industry is recommended.
2. Lack of Customer Reviews
The most important factor when rating a company is looking at the reviews posted by real customers. There is no better way to get a clear picture on how a company operates and what type of service you can expect to receive.
Aside from a few customer reviews on TrustLink it’s difficult to thoroughly evaluate the performance of this company.
Lexi Capital – IRA Fees
|Initial Setup Fees||$80|
|Annual Admin Fees||$95|
|Annual Storage Fees||$100|
|Minimum Purchase Amount||$5,000|
|Preferred Depository||Delaware Depository|
Rankings, Complaints and Customer Reviews
Better Business Bureau (BBB)
Lexi Capital was rated A+ by the Better Business Bureau, which is a relatively high score. In fact, Lexi Capital has been accredited with the BBB since June 27, 2012, and it was able to meet standards required to be recognized by the company (read more).
Business Consumer Alliance (BCA)
The BCA has given Lexi Capital a rating of AA. However, it is not an existing BCA member, although this has no impact on the company’s credibility (read more).
|Based on 3 reviews|
There are currently 3 reviews on Lexi Capital, and all of these clients have given the company a 5-star rating because of their satisfaction with its level of service and quality of products offered.
The company has not been reviewed or rated at Ripoff Report since it started business.
Lexi Capital Review – Final Thoughts
While there are several positive aspects about Lexi Capital including its wide range of products and services, commendable customer service and education offered to investors, there are still some issues with this company.
The main concern is that it’s relatively new in the industry and lacks experience. Aside from that, the lack of customer reviews makes it difficult for potential clients to feel confident and secure about their future investments.
Which Company Do We Recommend?
In the end it all boils down to a company’s credibility, reputation and length of time in the industry. By choosing a company with an established history you can minimize the risk associated with investing and get the highest returns for your money.
Goldco has been well-established gold company which is known for its high level of support and consistency to its clients throughout the years. They have a perfect score with the BBB, BCA and have a wealth of positive reviews on TrustLink.
To learn more about this company, check out this review of Goldco.
Rolling over into a precious metals IRA can help diversify your portfolio and protect you against hyperinflation. If you’re concerned about the future of your retirement and are looking to diversify into gold visit Goldco or Call 1-877-589-1223.
- Editor Rating
- Rated 3 stars
- Lexi Capital
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