General Information & Regulation
Lime Financial is allegedly a technology company and a broker-dealer based in the USA that provides its retail and institutional investors with various tradable assets, investment advisory services, and technology solutions on the industry-standard MetaTrader5 trading platform.
Market Instruments
Lime Financial advertises that it offers access to a variety of trading instruments in global financial markets, including equities, options, multi-leg options, futures and futures options.
Account Types
There is a wide selection of trading accounts offered by Lime Financial, which include Individual, Joint with Rights of Survivorship, Joint with Tenants in Common and more. The minimum deposit requiremnet to open an options account varies depending on option levels. To be more specific, Option level 1 & 2 has no minimum balance, while Option level 4 has minimum account equity of $25,000 and Option level 5 has minimum account equity of $100,000. By contrast, open a margin account requires the minimum deposit amount of $2,500, while the minimum balance required to open a margin account in enhanced due diligence and high-risk countries is $5,000.
Commissions
Commissions are influenced by what type of trading instruments traders are holding. The commission for options trading is $0.50 per option contract. For broker-assisted trade placed over the phone, the commission is $20.00 per ETF. For stocks priced less than $1.00, add $0.003 per share. The maximum commission per order is $5.50 at most and the minimum commission of $2.50. More details about commissions can be found on the brokers official website.
Trading Platform Available
When it comes to trading platforms available, Lime Financial gives traders three choices: Lime Trader, Lime Pro and MetaTrader5. Anyway, we suggest you use the industry-standard MetaTrader4 and MetaTrader5 trading platforms. MT5 is known as one of the most successful, efficient, and competent forex trading software, allowing traders to execute trades on different financial markets through a single account and there is a hedging option.
Deposit & Withdrawal
Lime Financial accepts deposits and withdrawals with ACH and wire transfers. The minimum deposit or withdrawal requirement is $100 for all ACH requests. The daily maximum for inbound requests is $25,000, while for outbound requests is $100,000. There is no charge for ACH withdrawals. However, accounts will be charged $80 when they transfer an account (ACAT out). As for the processing time of withdrawal requests, domestic wire transfers requires 24 hours to process, while foreign wire transfers from a non-U.S. bank usually take 24-48 hours.
Fees
Lime Financial also charges some fees. For example, the safe-keeping fee is $75 charged annually. Other more specific information about fees can be seen on its official site.
Customer Support
Lime Financials customer support can be reached by telephone: +1 855 274-4934, 646-558-3232, email: info@lime.co. Besides, you can also follow this broker on some social media platforms like YouTube, LinkedIn, Twitter and Facebook. Company address: One Penn Plaza, 16th Floor New York, NY 10119.
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