Investors need to open an account with a brokerage firm that supports options trading, and those with existing accounts at brokers that support options will need the broker’s approval to trade options. Lime Fx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique. Our experts assess minimum deposits, bonuses, demo accounts, spreads, and more.
Comprehensive Assistance for Traders
You can bring up a few of different charts to help you make informed trades. When you log into the platform you will see a search bar in the top left of the screen. This allows you to search for any stock, bond, or asset by its symbol, and doing so will bring up a list of all the available options for trading. This is an impressive range of tools and will suit the intermediate level trader best. This is a very useful tool which allows you to instantly see a snapshot of your profit/loss/breakeven probabilities for a given trade.
If a prospect successfully passes through the qualifying stages of Try2BFunded, initial capital balances are $30,000 ($100 monthly subscription fee), $50,000 ($150/mo), and $100,000 ($300/mo). There may be a welcome bonus of up to $2,000 when signing up for a Lime Fx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions.
Accessibility and educational limefx scammers materials are also vital, particularly for beginners navigating the complexities of options strategies. This sophisticated technology is also available to everyday traders who want full functionality. IBKR’s GlobalTrader app is a more streamlined and easy-to-use app that is available for less demanding traders more focused on stocks, ETFs, options, and mutual funds. Interactive Brokers (IBKR) was founded in 1977 and is headquartered in Greenwich, Connecticut.
These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. You can also access this new York-based broker’s customer support team by contacting them directly via their different social media handles, email or through the toll-free number on the website. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. With great tools and low fees, even the most active trades will be happy with the OptionsHouse experience.
Additional Features
You can also search for the broker’s name in the respective regulator’s digital register. Lime Fx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. Definitely do use TradeLAB, however, as it is a way to gain instant insights into the probability of a trade coming to profit. It can even tell you how much you stand to gain or lose (max) based on potential trade amounts you could place.
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. Adding options trading to one’s financial toolbox is a big step that requires a good deal of learning and experience, and Schwab’s platform provides it.
OptionsHouse is a premium online trading platform allowing you to trade stocks, shares, commodities, futures contracts, and, perhaps obviously, options, all from one platform. In this OptionsHouse review, we’re going to be taking a closer look at this well-known platform and putting it under the microscope for further analysis. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
We and our partners process data to provide:
This feature scans live market data and presents thousands of options trading strategies. It is remarkable how much data it can crunch and what it comes up with, and we are particularly impressed by this feature. You can then use TradeLAB to analyze these strategies and modify them, or place orders right away.
For investors who want to trade on the go, Lime Fx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. You should have at least $5,000 that you are prepared to lose, and speculative options trading should only account for 10% of your portfolio.
Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. Cheaper ommission structure options per contactOptions House offers limefx scammers a commission structure is fixed and fairly competitive. The options per contract pricing is cheaper than most of the big retail brokerages.
- Details regarding futures trading fees are subject to verification, and potential traders should consult Lime Fx’s official platform for accurate, real-time information.
- One big point of criticism for OptionsHouse is its poor customer support, which according to many customer reviews is awful.
- When you login to OptionsHouse and launch the trading platform, you can customize and configure everything on the screen to give you the information you need as quickly as possible.
- If, for example, the owner of a stock wants to keep a long-term stock holding, but thinks the stock may move lower in the short term, they can purchase a put on the stock.
Use that cash to buy and sell various investments in your OptionsHouse account. When you are away from the computer, you don’t have to give up access to trade tools. OptionsHouse has unique experiences designed for Android phones, Android tablets, iPhones, and iPads in addition to the browser based experience. 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. Competing brokerages that offer trades around $5 include Ally Invest (formerly TradeKing), Charles Schwab, and Fidelity. Options trading can be highly lucrative if you know what you’re doing, and having the best information to make quick, informed decisions is key.
To collect the data, we sent a digital survey with 110 questions to each of the 26 companies we included in our rubric. Additionally, our team of researchers verified the survey responses and collected any missing data points through online research and conversations with each company directly. While costs are one consideration when choosing an options broker and trading platform, there are other factors to weigh.
It could also make better use of contrast with the text/background to help users navigate around. The platform itself is extremely easy to use and navigate thanks to the acquisition of TradeMONSTER back in 2014. Initiating one’s journey with Lime Fx is elegantly straightforward and designed with user efficiency in mind.