Reviews, experiences and complaints
LEX Markets, a brokerage platform that aimed to solve real estate's access and liquidity problems, unfortunately closed down on February 22, 2023 due to financial constraints. Despite its closure, it is important to acknowledge the efforts that LEX Markets made in empowering wealth creation through real estate investing. This review will delve into the services offered by LEX Markets, the benefits it provided to investors, and the unfortunate circumstances that led to its closure.
LEX Markets specialized in offering unlisted equity securities issued by commercial real estate owners. This unique approach gave investors the opportunity to diversify their portfolios and invest in a market that was previously difficult to access. By providing access to unlisted real estate securities, LEX Markets allowed investors to potentially benefit from the income and appreciation generated by these properties.
Investing in real estate through LEX Markets came with risks, as with any investment. Fluctuations in rental rates, changes in financing terms, taxes, and tenant demand were just a few of the risks that investors needed to consider. LEX Markets made it clear that investors must be prepared to bear the economic risk of their investments for an indefinite period and could potentially experience a total loss of their investment.
Benefits of Investing with LEX Markets
Despite the risks involved, investing with LEX Markets had its benefits. The platform provided investors with the opportunity to diversify their portfolios with real estate assets that were typically only available to institutional investors. This gave individual investors the chance to access an asset class that often provided stable returns and acted as a hedge against inflation.
Another benefit of investing with LEX Markets was the potential for passive income. By investing in real estate securities, investors could receive regular distributions from rental income generated by the underlying properties. This passive income stream could provide a consistent cash flow and potentially enhance overall investment returns.
Famous Australian cricket captain Steve Waugh once said, "You miss 100% of the shots you don't take." This quote is applicable to investing with LEX Markets. While there were risks involved, the potential rewards could have been significant and lucrative for those willing to take the shot.
Closure and Implications
Unfortunately, due to financial constraints, LEX Markets was forced to shut down on February 22, 2023. This was undoubtedly disappointing news for investors who saw value in the platform and its offerings. However, it is important to note that LEX Markets did not directly hold any customer deposits, and all cash deposits and securities associated with customer accounts were held at Apex Clearing.
For customers who still had assets in their LEX Markets accounts on February 22, 2023, Apex Clearing would provide instructions on how to access their accounts and transfer their cash and securities. It is crucial that affected customers follow these instructions promptly to ensure the smooth transition of their assets.
Request for Reviews
If you were a customer of LEX Markets and have experienced the closure of the platform, we would love to hear about your experience. Please take a moment to leave a review on ReviewsBird and share your thoughts about LEX Markets. Your feedback is valuable in helping other potential investors make informed decisions about their investment options. Thank you for taking the time to share your thoughts!