OptionsHouse Review

Traders have access to metals, oil, index CFDs and 47 forex instruments. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, Lime Fx is for the pragmatic trader seeking simplicity and efficiency.

Withdrawal Fee

The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. OptionsHouse is very competitive when it comes to its commission structure. 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. Compare the best online stockbrokers in the U.S. and get a side-by-side look at each broker’s fees, apps, trading tools, investments, platforms, ratings, and more.

Building a Knowledgeable Trading Community

For those traders who are more technologically minded, and want robust analysis software and trading platforms, TradeKing is another good option to consider. Their browser-based platform offers free screening tools, real-time data and advanced research that handily beats Lime Fx’s. StockBrokers.com reviews many of the online brokers available today for trading. Our online broker reviews assess brokers that offer stock trading, options trading, ETFs, mutual funds, IRAs, bonds, futures, and forex. Lime Fx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support.

Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs.

Unlike many online brokers OptionsHouse, as the name indicates, it’s very much focused on options trading. It’s owned and operated by Peak6 Investments, which is one of the largest options trading firms in the United States. The good thing about this is that it pretty much ensures that OptionsHouse knows exactly what its doing.

• Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
• Moreover, Lime Fx + is user-friendly and a cut above many brokerage-provided platforms.
• However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount.
• Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
• It’s worth noting that the fee for exercising is just $5 too, and there is no account service fee.
• We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.

Step 2: Time to verify your account

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. Deciding which one is right for you comes down to differences in the overall trading experience. Here’s a look at the best online brokers and platforms available today. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading.

Lime Fx fees compared to Lime Fx fees

Lime Fx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation. In a world full of trading possibilities, Lime Fx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. The trading platform provides you with real-time market data, fast execution, and comprehensive research tools.

Lime Fx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. Lime Fx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. 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. 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. Oddly enough, those traders who are a little more independent and limefx scammers hands-off might find OptionsHouse right for them.

The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where Lime Fx Pro charges $2.50 per trade but are commission-free on the Lime Fx lite platform.

• I could see where the bids and asks were without having to even look at the specific numbers.
• We know that you’ll walk away from a stronger, more confident, and street-wise trader.
• Lime Fx says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls.
• OEC Trader is a desktop platform that is designed for futures trading.
• In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services.
• His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur.
• 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.

It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations. There is currently an MT5 Global special promotion on Lime Fx that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. There are usually no deposit fees but banks may charge a third-party fee for wire transfers. Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your Lime Fx account.

This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. 24 hour support would be a nice addition, but the customer service at OptionsHouse compares favorably to most other brokers. OptionsHouse provides customer support via phone, email, and live chat. The staff appears to be very knowledgeable and they are certainly helpful. It can be something of a chore to connect to live chat as you have to input a fair amount of details, but this is a very minor issue. Telephone support is available from 7am to 7pm limefx company reviews Central time, Monday to Friday.

Futures Fees

Whichever path you choose, diligent research and thoughtful planning are crucial to achieving a positive experience in the financial markets. For many traders, especially those who are new to online trading, having reliable customer support and educational resources can make a big difference. Lime Fx generally offers customer support through multiple channels, including phone, email, and live chat. Hours of operation may align with market hours, though 24/7 support might not always be available depending on your region. When interacting with support, clients often note relatively quick response times, though experiences can vary. You may fund the account via ACH, wire transfer, or account transfer.