Traditional investment options are losing their luster with investors due to their lackluster reliability. Because of this, many people are more and more interested in alternative investment options, including gold IRA’s.
The biggest challenge with these types of investments is finding a company that you can trust. There are hundreds, if not more, of options out there and some are definitely better than others. This is why we review the various companies that you may see on an internet search, including this Lexi Capital Review.
If you’re considering Lexi Capital for your gold IRA, read this review first to find out all the highlights and possible lowlights that may affect your decision.
The Lexi Capital Website
The Lexi Capital website is easy to use, which makes it convenient for newer customers. Their options are clearly laid out and include the following:
- New or Transfer-Opening a self-directed IRA account is quite easy with Lexi Capital. You can keep your traditional retirement plan or you can open a new account quickly and easily. You also have the option to transfer your assets.
- Portfolio Analysis-If you need some assistance with your alternative IRA, Lexi Capital has you covered. You can learn about how gold, silver, and other precious metals will help you hedge against the fluctuations common in traditional investments and retirement plans.
- Documentation-Before you can set up an account with Lexi Capital, you’ll need to provide them with some important information, which they have laid out on their site. Nothing is hidden with Lexi Capital and they try to make the process seamless and easy.
Lexi Capital Reputation
In the investment world, there are far too many frauds and scams that cause investors to avoid online precious metals companies. Fortunately, Lexi Capital has excellent ratings, references, and a stellar reputation.
Lexi Capital has earned an A++ rating from the Better Business Bureau (BBB), as well as high ratings from the Business Consumer Alliance (BCA) and five stars from TrustLink.
Lexi Capital Fees
Lexi Capital charges no fees to open an IRA account with them. The minimum investment is $1,500, which makes them a great option for newer investors looking to diversify their portfolios. For orders under $15,000, you will be charged a $14.95 shipping fee.
If your investment is less than $50,000, there will be an annual account management fee of $285 for the first year and $180 for each year after. If you can invest a larger amount (over $50,000), you will not be charged an account management fee.
Also, Lexi Capital gives a 3% discount for orders that are paid with cash, wire payments, or cashier’s check.
Why Do Investors Like Lexi Capital?
With so many choices for your alternative investment needs, why would you choose Lexi Capital? Experienced investors have weighed in on why they like Lexi Capital, which include:
- Free Education-Some people treat investing like a hobby and some feel that they are completely overwhelmed and want to quit before they’ve even started. Lexi Capital knows that not everyone is investment-savvy so they provide free education for investors looking to enter into the world of precious metals and they pride themselves on helping investors to make the right decisions for their needs.
- Large Selection-Lexi Capital knows that people like options and they offer them. You can choose between vintage coins, numismatics, special edition items, and even more. They also provide you with the pros and cons of each type of investment, which is another bonus.
- Customer Support-No matter what type of question you might have, the customer support of Lexi Capital is ready to help.
How to Open a Lexi Capital Account
According to Lexi Capital, you can set up your alternative IRA account within 10 days. The process is simple and includes to following steps:
- Fill out an online application form and provide the requested information about your previous investments
- Fund the account through a rollover from either a current retirement account, check, or cash or combination of these options
- Consult with your adviser about your next investment moves to help you to make the right decision
- Purchase your precious metals
- Ship your metals to either Lexi’s secure storage facility or your home address
Lexi Capital FAQs
- Can you cancel your Lexi Capital order?
In an emergency, yes, Lexi Capital will allow you to cancel your order. Just keep in mind that you must do so during typical business hours, you must call them, and you may be charged a $45 cancellation fee.
- Can you send in a return?
Lexi Capital allows all investors to make returns, exchanges, and refunds for all their products, including certified bullion and coins. You can apply for a return within three days of receiving your order by calling customer service and they will walk you through your return.
- How do they ship?
All orders are sent through either FedEx or U.S.P.S. Each order will require a signature upon receipt and will be insured by the company. You will receive your order within 5-10 business days.
- How to make a withdrawal
Making a withdrawal from your IRA account is just like making a withdrawal from any other account. If you withdraw from your account when you are under the age of 59 ½, you will likely be subject to an income tax, but you will not have that issue if you are over that age. Lexi Capital will help you with this as well, just submit a ticket through your dashboard and they’ll take care of the rest.
Final Verdict: Is it Worth Investing with Lexi Capital?
Lexi Capital has over a decade of experience, which makes them relatively new in the precious metals investment world, but don’t let that turn you away. Experienced investors like Lexi Capital for their customer service, free education, personalized portfolio plan, and a six-month assurance plan, making them a solid and relatively risk-free option for your precious metals investment needs.