As traditional retirement options are proving less and less reliable, many people are looking to a gold IRA as an alternative. The biggest challenge is to find a company you can trust to help with the gold IRA investment process. That’s where Lexi Capital can help.
In our Lexi Capital review, we’ll cover all information you should know about the company, including the benefits they offer, customer ratings, and how to open an account.
Lexi Capital Review: Reputation, Promotional Offers, Fees
Our Lexi Capital review highlights some of the most important details potential investors want to know about the company.
What Does Lexi Capital Offer? What Makes The Company Unique?
While Lexi Capital differentiates itself with many services, one of the most impressive features this company offers is its Gold Assurance Plan. It is one of their most popular services, and it includes a return policy for gold coins that is valid for six months.
This service is especially valuable for retail clients. Lexi Capital addresses short-term price changes and gives investors more options for their investments. They also offer a large selection of coins, including numismatics, semi-numismatics, and special editions.
New investors can obtain a sufficient amount of market analysis and vital information on getting started with precious metals. Lexi Capital believes that it is essential for newcomers to have all details before making any moves regarding their assets. What’s more, the popular IRA company offers bonuses for individuals who want to open an IRA account or convert from a 401(k).
Lexi Capital Website
Lexi Capital has an easy-to-navigate website, which is convenient for new users. Visitors can click to open a new IRA account or roll over funds from an existing account and transfer the money to Lexi Capital. Here are some of the options:
New or Transfer
You can open a new self-directed IRA account or transfer money from another retirement account. For those who prefer keeping their traditional retirement plans or don’t have any plans, opening a new account is quick and simple with Lexi Capital. For those who want to transfer their assets, the company makes the process easy and stress-free.
Gather Documents
Before you open your precious metal IRA account, you will need to provide your personal information, such as your name, address, and social security number. If you want to transfer assets, make sure to add your retirement account information as well.
Professional Portfolio Analysis
You can talk directly to an experienced Lexi Capital adviser who will help you learn more about precious metal investments. Potential investors can explain how gold, silver, and other metals hedge against the fluctuation of traditional markets and retirement plans.
For additional convenience, Lexi Capital allows investors to store their precious metals in one of their IRS-approved facilities. They collaborate with N.A. and Horizon Bank to provide safe and secure depository services.
Reputation
In the gold IRA industry, scams and frauds are common, so it is essential to collaborate with a company with an exceptional reputation. Lexi Capital has excellent ratings and references from accredited organizations.
The company earns an A++ rating from the BBB, or Better Business Bureau, which is a relatively high score. Lexi Capital also has five stars from Trustlink. Additionally, the BCA, or Business Consumer Alliance, has also given Lexi Capital a high rating.
Fees
Lexi Capital does not charge any fees to open a new IRA account. The minimum investment is $1,500, making this company an excellent choice for novice investors who want to start small or people who want to diversify their portfolios. There is a $14.95 shipping fee for orders under $15,000.
If your investment is $50,000 or less, the annual account management fees are $285 for the first year and $180 for the years after. For bigger investments (more than $50,000), Lexi Capital doesn’t charge any annual account management fees.
The company grants 3% off on orders paid with cashier’s checks, wire payments, and cash.
Things Investors Like About Lexi Capital
With so many IRA investment companies in the United States, it is difficult for potential investors to choose a partner that checks all boxes and satisfies all of their needs. Although new, Lexi Capital has proven to be an excellent competitor with a professional team you can trust.
Some of the aspects that investors like about the company are:
Free Education
For some people, investing is like a hobby, and they enjoy buying and selling precious metals. For others, it is a bit overwhelming due to the lack of information and experience. Lexi Capital wants to do things differently by offering free education for novice investors who want to diversify their portfolios and enter the world of gold, silver, and other precious metals.
When investing, there is always the risk of losing money, so it is better to have a proper education to avoid mistakes and minimize the risk of losing your hard-earned cash.
Lexi Capital helps individuals make well-informed decisions by providing real-time market information and instructions on how to invest and protect their wealth at the same time.
A Large Selection of Investment Options
People love options, and Lexi Capital knows that. The company offers a wide selection of products in which to invest. You can choose from special edition coins, vintage coins, numismatics, and much more.
Before investing, you can also read more about each option, including its pros and cons, so you can make a smart decision that meets your needs and financial goals.
Responsive Customer Support
If you have any questions or concerns regarding the investment process, monthly or annual fees, or depository facilities, don’t hesitate to contact Lexi Capital’s customer support team.
Their team consists of professional and friendly members who provide you with all the information you need. In addition, you can contact them via phone or email and receive a fast response to your inquiry.
How to Open a Lexi Capital Account
Our Lexi Capital review wouldn’t be complete without the process of opening your gold IRA account. According to the company’s rules, accounts are set up and funded in less than ten days.
Here is how you can open an account:
- Fill out an online application form and provide information from your previous investments
- Fund the account through a rollover from a current retirement account, check, or cash
- Consult with your adviser about your next investment moves
- Purchase your precious metals (gold or silver)
- Ship your metals (to Lexi’s secure storage facility or your home address)
Lexi Capital FAQs
Does Lexi Capital allow you to cancel an order?
Yes — Lexi Capital allows you to cancel an order in emergencies. If you want to cancel an order, you must do so during business hours and pay a cancellation fee of $45. The team only approves cancellations done over the phone.
Does Lexi Capital allow returns?
Lexi Capital offers all investors a return policy, an exchange policy, and a refund option on everything they sell, including certified coins and bullion. You have the right to apply for a return three days from the date of receiving the order.
It is also essential to contact the customer support team via phone, and they will give you details on how to return the items.
How does Lexi Capital ship orders?
The company sends all orders via Federal Express and U.S. Mail. Each package is insured and requires a signature and documentation upon delivery which usually takes 5-10 working days.
How do you make a withdrawal?
You can make withdrawals from your gold IRA account just as you would from any other account. There are no penalty fees for withdrawing funds after the age of 59 and a half, but if you withdraw before that age, the funds may be subject to income tax.
Submit a request for withdrawal from your account dashboard and let the Lexi Capital team handle the rest.
Final Thought
The company has a decade of experience, offers a personalized portfolio plan, and provides a six-month assurance plan, meaning you can’t go wrong with Lexi Capital.
We hope this Lexi Capital review can help you make decisions regarding your investment endeavors. If you are interested in expanding your portfolio, finding a gold custodian or opening a gold IRA account, contact us today.
