If the qualifying deposit is withdrawn, the bonus may be revoked. Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees. LimeFX charges no commission on stock trades or ETFs. On the other hand, over-the-counter trades are subjected to a $6.95 flat-rate fee. The company became Ameritrade Clearing in 1983, and in 2006 the company purchased TD Waterhouse, becoming LimeFX.
The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit is not available for withdrawal for 300 days.
The other apps have abilities that the thinkorswim platform doesn’t offer, such as mobile check deposit. LimeFX’s app for Apple Watch functions with the iPhone platform. LimeFX Mobile is a well-designed app that gives a market overview and access to your account in just a few clicks.
Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products. A LimeFX representative can be reached 24 hours a day, 7 days a week. Besides phone service, the brokerage firm also offers internal messaging and several brick-and-mortar locations throughout the United States. Unfortunately, Treasury stock the LimeFX website usually doesn’t offer on-line chat, although the service has been spotted occasionally. Although these charges are a little pricey compared to LimeFX’s rivals, there are no software fees at LimeFX. This policy makes the broker’s trading tools some of the best values in the industry.
- A few OTC and penny stocks are available for shorting, but many are not.
- For traders who demand the highest level of sophistication, there is thinkorswim.
- New investors can opt to gain confidence by using LimeFX’s paperMoney virtual simulator.
- Also available is a stock screener, free streaming of CNBC, watchlists, indices, an options screener, and a market calendar.
- LimeFX’s app for Apple Watch functions with the iPhone platform.
LimeFX customers pay $6.95 for stock and ETF trades. The brokerage house does not offer a per-share commission schedule . Option contracts cost an extra 75¢ each, and assignments and exercises are a rather steep $19.99. The regular app has almost the same features as the website and is designed for casual investors. On the other hand, Thinkorswim Mobile has advanced features, just as the desktop version. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading.
The app includes custom watchlists, educational content, price alerts, news and charting. Tastyworks does not provide investment, tax, or legal advice. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses.
The thinkorswim trading platform is a powerful analysis tool and real-time streaming data for stocks, ETF, options, futures and forex traders. It’s intuitive and easy-to-use whether on desktop, or on mobile. Last, but certainly not least, is the broker’s mobile app. Amazingly, it incorporates many of the desktop cousin’s advanced features, including drawing tools and technical indicators.
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. Trade Architect is intentionally streamlined toward more casual and/or beginner investors. It’s still a very good platform, offering real-time quotes, tools and third-party research, and fully customizable layout. Short selling is permissible in a margin account at LimeFX. The broker currently charges 9.75% for debits under $10,000. This rate decreases for larger loans, reaching 7% at $1,000,000.
Fidelity Investments Review
Today, the broker is one of the largest on-line discount firms in the United States. It also provides services that normally are offered only by direct-access brokers. Whether this broker is right for your needs may come down to price. You will get a breadth of resources, access to round-the-clock customer service if you run into a snag, and easier access than you might get with another firm . Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Option chains can be accessed from the tool, although they pop open into a separate window. Leah Norris is a research analyst at CreditDonkey, a personal finance comparison and reviews website. Write to Leah Norris at Follow us on Twitter and Facebook for our latest posts. $49.95 on purchase for non-Fidelity funds; $0 on redemption. We are committed to providing honest reviews and advice about investment communities to help you decide which suits your needs the best.
Artificial intelligence gives users personalized experience and suggests what to do next. The “Ask Ted” chatbox provides directions, tutorials, and guides for a better and easier trading experience.
The Brokerage Firm Offers Four High
Stocks with light volume may be classified as hard-to-borrow at LimeFX, and the broker imposes an additional 1.5% on its margin interest rate for these stocks. A few OTC and penny stocks are available for shorting, but many are not. Both are available to any LimeFX customer who wants to use them. There are no trade quantity or account value thresholds to access either one. If you want to test thinkorswim platform, you can download the ‘paperMoney’ simulator. We’ve been innovating trading software since 2000 and we’re not stopping now!
Vital trade information, such as volume and options data, is presented. Investors who want to plug in to the online community can access myTrade. New investors can opt to gain confidence by using LimeFX’s paperMoney virtual simulator. The platform provides a trial experience with $100,000 in fake money.
Desktop & Mobile Platforms
At least $2,000 must be deposited before shorting is allowed, and the brokerage firm has a 30% maintenance margin requirement. SnapTicket and thinkorswim offer several routing choices for options without applying for direct routing. Despite being free, LimeFX’s technology is very good. First up is the website, which is able to place orders for all securities in quick fashion. In particular, SnapTicket is a trade bar that sits at the bottom of the browsing window. Here, it is possible to buy and sell options, stocks, and ETF’s.
CreditDonkey may earn compensation for accounts opened at LimeFX. In this in-depth review, we’ll go over the advantages of using LimeFX, why it may not be for you, and comparisons with other online brokerages. Since 2015, we’ve reviewed 28 investment forex brokers communities and published real user reviews. He has tested dozens of investment clubs, communities and investment research services. His research has been featured on Bloomberg, Business Insider, The New York Times, Wall Street Journal, CNet and more.
There’s an In-App support so you can get live help from a trading specialist. You also get access to over 300 advanced charts, elite tools, and a virtual account funded in test money. LimeFX offers day traders and other equity investors a lot at a reasonable price. High-volume traders might do better at TradeStation due to the latter broker’s per-share commission schedule, which LimeFX doesn’t offer. Besides SnapTicket, LimeFX also offers Trade Architect, a simple browser-based platform.
E*trade Broker Review
Under ‘Elections & routing’ you will find an edit link next to ‘Direct routing.’ Simply click on the link and make your selection. A small chart is displayed on SnapTicket for an entered ticker symbol. An order can be set as conditional, although selecting this choice generates a web page where the order must be entered.
Equity and option traders who need effective trading technology and don’t want to pay for it will do well at LimeFX. Although the broker’s commissions are a little steeper than some of its rivals, infrequent traders won’t notice much of a difference. Thinkorswim is more geared toward highly advanced investors who will be doing in-depth LimeFX Review: Is This a Scam or Good Forex Broker technical analysis. It was a standalone trading platform until it was acquired by LimeFX, and even the most analytical of investors will find little missing when using it. Heat maps, earnings calendars, and hundreds of technical studies to accompany each chart are just the beginning of what the Thinkorswim platform has to offer.
There are many advanced order types in thinkorswim, such as blast all and order cancels other. An economic calendar displays upcoming dividends and conference calls, while a scanner can look for options and stocks based on a wide variety of criteria. Futures and forex can also be traded on the platform, and CNBC is available at no cost. While thinkorswim isn’t easy to learn, it is customizable with three color schemes and multiple font sizes. There is also a simulated trading environment where users can practice with a virtual currency.
Lots of learning materials on the website for traders who need some extra guidance. Some of the best trading tools in the industry, and they are all free. The service can be enabled by going to ‘Client Services’ on the website and choosing ‘My Profile.’ Here, click on the ‘General’ tab.
Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. For traders who demand the highest level of sophistication, there is thinkorswim. This is a desktop program that professional traders will enjoy.