Today we will take a look at LEXI Capital for a review. What is LEXI Capital? A scam or a legit precious metals dealer? Something for you or not? Are there better alternatives out there? These are some of the main questions this short review will focus on. Ok, here we go!
Company: LEXI Capital
Website: www.LEXI Capital.com
Owner: Not mentioned on their website
Price: Requires a minimum investment of $1,500
Who is it for: People looking to invest in gold or other precious metals
Overall rating: (3.9 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on LEXI Capital!
What is LEXI Capital about?
LEXI Capital is a precious metals dealer that was founded in 2010. The physical address of the company is: 310 S Harrington St, Raleigh, NC 27601
Below is the only “About us” information available on their website:
How does it work?
Just like other similar companies you can buy precious metals in different forms from the company.
The products offered by LEXI Capital is coins and bars in the form of gold and silver. When looking at their collection you can clearly see that it is a bit “thin” compared to some of its competitors. Also, you can not buy platinum and palladium from LEXI, something that most of its peers offer.
Yes, IRAs are available with the company. Below is the exact text from their website on the subject:
Lexi Capital has an exclusive IRA establishment partnership with SDIRA Services Inc for all traditional and Roth precious metals backed IRA’s. Lexi Capital serves as the government mandated 3rd party dealer of record for transactions. Because of our volume, we have established preferred dealer pricing which we pass on to our clients offering $0 fee IRA on new accounts funded with $15,000 or more. ABOUT SDIRA Services Inc. Self Directed IRA Services, Inc. (SDIRA Services) was founded in 2008 as a wholly-owned subsidiary of Horizon Bank. SDIRA Services provides administration and custody of alternative and traditional assets in self directed IRAs for individuals and small businesses nationwide. We specialize in allowing a wide range of investment vehicles within Traditional, Roth, SEP and SIMPLE IRA accounts including, real estate, trust deeds, mortgages, tax liens, precious metals, promissory notes, closely-held stocks, REITs, private limited partnerships, limited liability companies and more.
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Can you get the gold (and other metals) delivered to your home?
This is something that is only mentioned in the “FAQ section” on their website and (in my opinion) not very clear or detailed. Below I provide the exact text from their website on the subject:
Lexi Capital orders are shipped Registered/Insured U.S. Mail and Federal Express. Each package is fully insured and may require a signature upon delivery. Packages sent registered and insured mail can take on average 5-10 business days. The parcel’s registration number is only available to trace a package if it hasn’t been received within 30 days from the date shipped. Tracking numbers are not provided to customers due to insurance restrictions.
Can you store your investment with the company?
This is also something that is not clear at all on their website.
Can you sell back to the company?
This is also something that is not mentioned (at all) on their website.
Can anyone in any country Invest?
Once again this is not mentioned on their website. However, in the FAQ section where they talk about shipping costs, they only speak about the costs and time in the US.
Is LEXI Capital a scam?
So, is LEXI Capital a scam? No, it is not a scam. It is a legit company, it got an overall good reputation online and it would (most likely) not have survived since 2010 if it wasn´t.
Important to mention here: Even if the reviews are positive they are not that many…
Below are some of the most important rating/review sites overall score on the company:
- BCA Rating: AA
- BCA Complaints: 0 complaints in the last 3 years
- BBB Rating: A +
- BBB Complaints: 0 complaints filed in the last 3 years
- RipOff Report: N/A
- TrustLink: (5 / 5) based on 3 reviews
- TrustPilot: N/A
The red flags:
The red flags I want to address the most is the fact that:
- Personally, I found their website to be a bit hard to navigate on and find the info you want
- There are not that many reviews online on them even if most of them are positive it still feels like the company is a bit “new/inexperienced” and that could be a reason for you to pick another one.
How´s the support?
Just like it´s competitors LEXI Capital have a phone number you can call, an e-mail address and a physical address.
However, one thing they lack is a live chat function on their site, that takes the rating down a bit on their support to you.
- Pretty good IRA terms
- Overall good reputation
- New/inexperienced company
- “Thin” collection of precious metals
- Their website is a bit “hard” to navigate on
- No live chat
- Very few reviews online
Do You Own or Represent LEXI Capital?
If you are a representative, or associate of LEXI Capital and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict on LEXI Capital
Overall rating: (3.9 / 5)
I think I have made my point pretty clear on this one. It is a legit company and also a good one. However, there are some red flags and lack of info on this “new” company in the business. Therefore the rating 3,9 (close to 4) out of 5 feels like a fair one for now. This can of course change in the future to either a higher one… Or a lower one. For now, it feels right to give that rating though.
For now, it feels right to give that rating though.
It is very important to review many companies before you decide on one to go with, so you have made a smart choice reading this review.
As always the choice is up to you.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Regal Assets.
Regal Assets have ZERO complaints from A LOT of real users. Used by celebrities, respected by well-known publications, and websites.
And A LOT more benefits!
I hope you found this short review of LEXI Capital to be helpful and now you should have a better understanding on what it is and if it is something for you or not. If you have used their service please share your experience with us below as it can help others making the best decision for them. Also, if you got any other question about this review I will be more than happy to answer them below.
I wish you the best!
Founder of: Gold Retired