Lime Financial review

Stock trades are commission free, priced at $0 under the commission free model. The charge that matters more is margin, priced at 12.5%, so accounts that borrow to trade can pay far more than the headline trade cost suggests.

The minimum deposit is $30,000, which is high for a household account and ranks 215 of 218 brands on that measure. The account types on offer are ira, roth ira and joint. Anyone with less to start should weigh a broker with a lower entry figure.

Regulated in the US by FINRA and NFA, the firm trades as Lime Trading Corp. and states investor protection of SIPC up to USD 500,000. That figure is the stated ceiling, so anyone holding more than that in one place should spread balances rather than rely on a single cover.

Markets run to stocks, etfs and options, and options, futures and demo account adds a demo account and a mobile app. The stated audience is experienced traders and day traders, and the account types on offer are ira, roth ira and joint, so this is a desk built for active positions rather than set and forget holdings.

Platforms include Lime Trader, Lime Trader Web and Lime Trader Mobile. That list covers desktop, web and mobile terminals plus third party connections, and options, futures and demo account confirms a mobile app for trading away from the desk.

Support runs on email, phone and help centre, so the firm can be reached by phone, by email or through the help centre. A broker aimed at day traders needs a fast answer on a margin position, and phone is the quickest channel here.

Retail accounts that lose money sit at 72.03% on the stock broker ranking, and the band runs from 40.3% to 88%. With options and futures among stocks, etfs and options, much of the risk sits in leveraged positions.

Account types cover ira, roth ira and joint, and the stated minimum deposit of $30,000 is what you fund first. The commission-free commission free model means no per trade charge once money is in, so the deposit is the real barrier rather than the pricing.