https://lime.co/
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+1 855 274-4934
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Lime Trading Corp.
Lime Financial
United States
Pyramid scheme complaint
Expose
Lime Financial Review Summary | |
Founded | 2000 |
Registered Country/Region | United States |
Regulation | No regulation |
Market Instruments | Stocks, ETFs, Options |
Demo Account | ❌ |
Leverage | / |
Spread | / |
Min Investment | $1000 |
Trading Platform | Lime Trader (Integrated API, Web and Mobile apps), TakeProfit, Sterling, CQG |
Customer Support | Phone, email, contact form, LinkedIn, YouTube, fax |
Lime Financial started its business since 2000 in the United States and offers financial services to clients in the United States as well as all over the globe. Its product offerings encompasses Stocks, ETFs and Options, with four platforms available for different client groups.
It mainly offers account types including individual account, joint account, custodial account, retirement account and business account. Each with different provisions and investment limits. Furthermore, the broker applies free-commission structure for trading and transparent fee structure on it services.
In addition, Lime Financial uses API technologies for faster and more secure trading environment.
However, one fact worth noting is that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.
Pros | Cons |
Wide range of tradable products | Lack of regulation |
Multiple trading platforms | Long list of non-service countries |
Multiple account types | |
Commission-free for trading | |
Transparent fee structure | |
Many years of industry experience |
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
Lime Financial offers a range of investment products for traders to choose from, including:
While they do not currently offer foreign stocks or OTC securities, they provide access to a wide variety of domestic equities and derivatives.
Tradable Instruments | Supported |
Forex | ❌ |
Commodities | ❌ |
Indices | ❌ |
Cryptocurrencies | ❌ |
Shares | ✔ |
ETFs | ✔ |
Bonds | ❌ |
Mutual Funds | ❌ |
Lime Financial offers a variety of account types, each with its own minimum funding requirement.
Account Type | Account Category | Amount |
US Accounts | Cash Account | $1,000 |
Margin Account | $2,000 | |
Foreign Accounts | Cash Account | $1,000 |
Margin Account | $2,000 | |
Enhanced Due Diligence Accounts | Cash Account | $5,000 |
Margin Account | $5,000 |
Lime Financial generally offers commission-free online trading for stocks, ETFs, and options. However, there will be additional fees for certain services, such as:
Debit Balance | Vision Rate |
Up to $9,999 | 12.50% |
$10,000 - $24,999 | 11.50% |
$25,000 - $49,999 | 11.00% |
$50,000 - $99,999 | 10.75% |
$100,000 - $249,999 | 10.50% |
$250,000 - $999,999 | 10.25% |
Above $10000000 | Checck with the broker |
Lime Financial provides multiple trading platforms, each with its own features and benefits:
Lime Financial offers various funding methods for domestic and foreign accounts.
Domestic accounts can fund via wire, ACH, or account transfer, while foreign accounts are limited to wire and account transfer,with no third-party transfers allowed.
ACH transfers typically take 1-3 business days, and theres a 5-day hold on trading with these funds.
Wires can take up to 24 hours for domestic transfers and 24-48 hours for foreign transfers, depending on accuracy.
Lime Financial offers a comprehensive customer service channels for traders to seek support and help when encountering problems or want clarification.
Traders can contact Lime Financial by phone, email, fax and visit their office addresses during Monday – Friday, 9:00 a.m. – 5:00 p.m., excluding market holidays.
A support ticket form and social platforms are also available as supplementary interaction methods.
Contact Options | Details |
Phone | +1 (646) 558-3232 |
Toll Free: +1 (855) 274-4934 | |
Fax | +1 (646) 381-3624 |
support@lime.co | |
Support Ticket System | ✔ |
Online Chat | ✔ |
Social Media | LinkedIn, YouTube |
Supported Language | English |
Website Language | English |
Physical Address | One Penn Plaza, 16th Floor New York, NY 10119, USA |
In summary, this broker mainly targets experienced individual traders and business traders and might not suitable for beginners. Multiple account types target different client groups with different demands and appels in investment. Several trading platforms also ensure dedicated services and using habits for each client base. Transparent fee structure makes you understand exactly your trading costs.
However, the absence of regulation is a taint that cannot be neglected, especially for those who are risk-sensitive. Take full investigations before determing to trade with the broker and ensure you can accept all the drawbacks.
Is Lime Financial safe?
No, because the company is not regulated by any authorities so far.
Is Lime Financial good for beginners?
Not really, minimum investment in an individual account is $1000, which is quite a burden for beginners.
What trading platform does Lime Financial have?
Lime Financial offers several trading platforms including Lime Trader (Integrated API, Web and Mobile apps), TakeProfit, Sterling and CQG.
Are there any restricted areas of Lime Financial's services?
Yes, the broker does not provide services to clients in Afghanistan, Bosnia & Herzegovina, Belarus, Central African Republic, Cuba, Democratic Republic of the Congo, Guyana, Iran, Iraq, Laos, Libya, North Korea, Russia, Somalia, Syria, Uganda, Vanuatu, Venezuela and Yemen.
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
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