Incorporated in 2006, Lime Fx is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.
It’s completely web-based, meaning nothing to download, and it’s clean and modern looking. It’s simple to use, easy to navigate, and offers plenty of tools and features. Some beginner-friendly brokerages may offer only elementary options strategies and tools. More advanced brokerages may offer professional-grade data, strategy builders and analytics.
The second plan is a fixed https://limefx.name/ fee of $8.50 for single leg trades, plus $0.15 per contract. OptionsHouse customers can choose to switch which plan they use up to once per day, which can be useful if making trades of different sizes. The broker provides some of the lowest-cost ETFs and mutual funds on the market.
Multilingual Support
We provide our members with courses of all different trading levels and topics. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more of their initial investment.
OptionsHouse Review: Signup
The online brokers excluded from this ranking usually need to catch up in terms of value-added features. These may include paper trading simulators, trading idea generators and options strategy builders. A wide selection of these tools can help you visualize your strategy’s risk and return and make more informed trades. Fidelity is the food court of online brokers with something for everyone. Like many top competitors, it offers zero-commission stock, ETF and options trades. Fidelity even created the first zero-expense ratio index mutual funds.
While Lime Fx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information. An options contract generally doesn’t obligate you to buy the underlying asset — hence the name option.
Choosing the best trading platform for options
And for a pattern day-trading account, no surprise here, the minimum is $25,000. Not only that, the flat $4.95 rate on commissions is a pretty straightforward rate to keep track of — yet another feather in their cap when it comes to attracting new traders. This rate is one of the most competitive in the business, which is something to keep in mind for traders who want to keep things no-frills.
Broker Overview
- There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets.
- The broker also offers technical analysis tools such as charting software, indicators, and drawing tools.
- No account minimum is needed, so you can start as small as you want.
- Lime Fx offers a comprehensive selection of currency pairs, including major, minor, and exotic pairs.
No longer do you have to keep track of variable fees and feel completely at the whim of your broker. Users of OptionsHouse benefit from no minimum accounts, flat commissions, and a wide variety of choices as to what will make up their investment portfolio. Trading can sometimes be a little daunting, especially if you are just starting out, making it important that you find a platform that is easy to get into.
- Customer support is a crucial aspect of any Forex broker, and Lime Fx does not disappoint in this area.
- Additionally, Lime Fx offers its proprietary platform, designed to cater to its customers’ specific needs.
- With competitive spreads, a variety of account types, and a focus on customer service, Lime Fx remains a strong contender in the world of online Forex trading.
- Here’s a brief overview of some of the best options trading strategies.
- However, those craving advanced features might yearn for more than what the broker offers.
Best Stock Brokers
We don’t care what your motivation is to get training in the stock market. If it’s money and wealth for material things, money to travel and build memories, or paying for your child’s education, it’s all good. We know that you’ll walk away from a stronger, limefx review more confident, and street-wise trader.
Research & Analysis
Judging from the simple, streamlined interface and no minimum account balance, users agree that OptionHouse might be a good fit for new joiners. Traders who just want to see what investment is like without dumping too much of their finances into their accounts will find OptionsHouse’s approach pretty agreeable. Again, there is no minimum account balance required for OptionsHouse, which makes it uniquely flexible for all kinds of traders. One of the commonly accepted advantages of the firm is actually this. This website and its content are not intended to provide professional or financial advice.
Great for trade optionsOptionsHouse are a good broker for anyone who’s looking to trade options for the first time. Their range of options training is second to none and you shouldn’t underestimate the level of training required to become proficient in options. A few other brokerages just joined OptionsHouse at the “around $5 per trade” tier, but OptionsHouse has been at this low rate for quite awhile.
There are two commission plans for trading, one of which is aimed at those that trade relatively infrequently and one of which is aimed at the more active traders. Broker assisted trades are also available and, rather unusually, at no extra cost. We have provided more detailed information about this broker in our review below.
One look at OptionsHouse, and it’s easy to see why many budding traders get their start with this elegant and easy to use service. Trading on OptionsHouse is surprisingly easy, but there are a few things to keep in mind. Another important element to OptionsHouse’s trading platform is their innovative and streamlined digital platforms, which you can access both from your computer and your phone. Their mobile and desktop apps, in particular, are really useful for keeping track of your investments with the click of a button. Use our online stock trading education to help you find the right trading tools for your personal investing. Use our extensive database of online trading guides to help you find the right online brokerage for your personal investing.
