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Lime Financial foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://lime.co/open-account/, about the company's legal and temporary regulatory information, the company's address One Penn Plaza, 16th Floor New York, NY 10119.

Lime Financial Forex Broker

No Regulation
Lime Financial

Rating Index

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Company profile

Lime Financial Review Summary Founded2000 Registered Country/RegionUnited States RegulationNo regulation Market InstrumentsStocks, ETFs, Options Demo Account❌ Leverage/ Spread/ Min Investment$1000 Trading PlatformLime Trader (Integrated API, Web and Mobile apps), TakeProfit, Sterling, CQG Customer SupportPhone, email, contact form, LinkedIn, YouTube, faxLime Financial Information 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 and Cons ProsCons Wide range of tradable productsLack of regulation Multiple trading platformsLong list of non-service countries Multiple account types Commission-free for trading Transparent fee structure Many years of industry experienceIs Lime Financial Legit? 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.What Can I Trade on Lime Financial? Lime Financial offers a range of investment products for traders to choose from, including: Stocks: Shares of publicly traded companies.ETFs: Exchange-traded funds that track market indexes or specific sectors.Options: Contracts that give the holder the right to buy or sell an underlying asset at a specified price. While they do not currently offer foreign stocks or OTC securities, they provide access to a wide variety of domestic equities and derivatives. Tradable InstrumentsSupported Forex❌ Commodities❌ Indices❌ Cryptocurrencies❌ Shares✔ ETFs✔ Bonds❌ Mutual Funds❌Account Type Lime Financial offers a variety of account types, each with its own minimum funding requirement. Individual Accounts: Minimum funding amount depends on trader country of citizenship/residence. Account TypeAccount CategoryAmount US AccountsCash Account$1,000 Margin Account$2,000 Foreign AccountsCash Account$1,000 Margin Account$2,000 Enhanced Due Diligence AccountsCash Account$5,000 Margin Account$5,000 Joint Accounts: JTWROS and JTIC accounts have similar minimums to individual accounts.Custodial Accounts: Minimums depend on the state's laws and the type of custodial account (UGMA or UTMA).Retirement Accounts: Traditional and Roth IRAs have annual contribution limits for between $6500-7500 with different age ranges below or above 50. SEP IRAs have employer-specific contribution limits.Business Accounts: Corporate, LLC, partnership, and sole proprietorship accounts have higher minimums depending on the business structure and jurisdiction.Lime Financial Fees Lime Financial generally offers commission-free online trading for stocks, ETFs, and options. However, there will be additional fees for certain services, such as: Margin Interest: Charged monthly but calculated on a daily basis for a 360-day year; the daily cost is based on your debit at the end of each day. Debit BalanceVision Rate Up to $9,99912.50% $10,000 - $24,99911.50% $25,000 - $49,99911.00% $50,000 - $99,99910.75% $100,000 - $249,99910.50% $250,000 - $999,99910.25% Above $10000000Checck with the broker Foreign Settlement Fee: Applied to securities that do not settle domestically (usually $75).Corporate Action Fee: Charged for corporate events like stock splits or mergers (mandatory fee of $30, voluntary fee of $50).Safekeeping Fee: For securities held in physical form rather than electronically (usually $75 per year).Option Trading Fees: Per-contract fees for buying or selling options (usually $0.50 per contract).Trading Platform Lime Financial provides multiple trading platforms, each with its own features and benefits: Lime Trader: An integrated platform with web and mobile apps, offering charting, order types, market data, and real-time quotes.TakeProfit: A specialized platform for advanced traders, with advanced charting tools and customizable features.Sterling: A platform for institutional investors, offering professional-grade tools and features.CQG: A platform for high-frequency trading, with low-latency connectivity and advanced algorithms.Deposit & Withdrawal 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.Customer Support Options 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 OptionsDetails Phone+1 (646) 558-3232 Toll Free: +1 (855) 274-4934 Fax+1 (646) 381-3624 Emailsupport@lime.co Support Ticket System✔ Online Chat✔ Social MediaLinkedIn, YouTube Supported LanguageEnglish Website LanguageEnglish Physical AddressOne Penn Plaza, 16th Floor New York, NY 10119, USAThe Bottom Line 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.FAQs 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.Risk Warning 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.
Lime Financial broker review
Is Lime Financial safe or scam
How to login to Lime Financial?

Lime Financial Similar Brokers

Pros
$0 commission on U.S. stocks and ETFs, making it cost-effective for frequent traders.
High-tech, low-latency trading platform designed for active and high-frequency traders.
Access to a wide range of asset classes, including stocks, options, and futures.
Cons
Not suitable for entry-level investors, as the platform may be overwhelming for beginners.
Lacks proprietary or third-party research, requiring users to seek information externally.
Minimum deposit requirement of $1,000 may be a barrier for some potential clients.

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Lime Trading Corp.
Abbreviation
Lime Financial
Company employee
--
Customer Service Email Address
info@lime.co
Contact Number
+18552744934
Company Website
https://lime.co/
Company Address
One Penn Plaza, 16th Floor New York, NY 10119
Facebook
https://www.facebook.com/LimeFinancial/
How to login to Lime Financial?
Lime Financial Complete Account Guide: Registration, Account Opening, and Login Processes Lime Financial is a comprehensive trading platform that caters to a wide range of investors, from beginners to experienced traders. This guide will walk you through the processes of registering for an account, opening that account, and logging in, ensuring you have all the information you need for a smooth experience. Part One: Account Registration Process How to Register a Lime Financial Account To begin your journey with Lime Financial, you must first complete the registration process. Follow these detailed steps to successfully register your account: Step 1: Accessing the Registration Page Visit the official Lime Financial website and navigate to the 'Sign Up' or 'Register' section. This is usually prominently displayed on the homepage. Step 2: Filling in Required Information Fill out the registration form with the necessary details, including your name, email address, phone number, and a secure password. Ensure that your password meets the platform's security requirements. Step 3: Email/Phone Verification After submitting your information, you will receive a verification email or SMS. Click the link in the email or enter the code sent to your phone to verify your account. Step 4: Identity Verification (if required) Depending on your region and specific account type, you may need to provide additional identification documents. This could include a government-issued ID and proof of address. Step 5: Registration Confirmation Once your identity is verified, you will receive a confirmation message indicating that your registration is complete. You can now proceed to open your account. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam folder or request a new verification email. Issue: Difficulty in filling out the registration form. Solution: Ensure all required fields are filled correctly and meet the specified criteria. Regional Differences in Registration Some users may face different requirements based on their geographical location. For instance, users from certain countries may need to provide additional documentation or may not be eligible for specific account types. Always refer to the Lime Financial website for country-specific guidelines. Part Two: Lime Financial Account Opening Detailed Guide After completing your registration, the next step is the account opening process, which allows you to start trading. Explanation of Differences Between Registration and Account Opening While registration involves creating a user account on the Lime Financial platform, the account opening process is where you select your trading account type and provide necessary documentation to begin trading. Preparation Work Before Account Opening Before opening your account, consider what type of trading you plan to do, as this will influence your account type selection. Gather any necessary documents required for verification. Detailed Account Opening Steps Step 1: Selecting Account Type Log into your Lime Financial account and select the type of trading account you wish to open. Options may include individual, joint, custodial, and various IRA accounts. Step 2: Submitting Required Documents Upload any necessary documents for identity verification, such as your ID and proof of address. Ensure that all documents are clear and legible. Step 3: Account Review Process Lime Financial will review your submitted documents. This process typically takes 1-2 business days. You will be notified via email about your account status. Step 4: Account Activation Once approved, your account will be activated, and you will receive confirmation via email. Step 5: Initial Setup Log into your account and set up your trading preferences, including payment methods and security settings. Frequently Asked Questions About Account Opening Q: How long does it take to open an account？ A: The process generally takes 1-2 business days, depending on the verification of documents. Q: Can I open multiple accounts？ A: Yes, you can open different types of accounts, but not multiple accounts of the same type. Next Steps After Opening an Account After your account is activated, consider funding your account and exploring the trading platform. Familiarize yourself with its features and tools for effective trading. Part Three: Lime Financial Login Process Explained Once your account is set up, you will need to log in to access your trading features. Heres how to do it. Basic Web Login Process Step 1: Visit the Login Page Navigate to the Lime Financial homepage and click on the 'Login' button. Step 2: Enter Your Credentials Input your registered email address and password in the provided fields. Step 3: Two-Factor Authentication (if enabled) If you have two-factor authentication enabled, enter the verification code sent to your registered mobile device. Step 4: Click 'Login' After entering your credentials, click the 'Login' button to access your account. Step 5: Dashboard Overview Once logged in, you will be directed to your dashboard, where you can manage your trading activities. Mobile App Login Process If you prefer using the mobile app, the login process is similar: Open the Lime Financial app on your device. Enter your email and password. Complete any additional security steps, such as entering a verification code. Tap ‘Login’ to access your account. Other Login Methods Lime Financial currently does not support third-party login methods or SSO (Single Sign-On). Common Login Issues and Solutions Issue: Forgotten password. Solution: Click on the 'Forgot Password？' link and follow the instructions to reset your password. Issue: Account lockout. Solution: Contact customer support for assistance in unlocking your account. Issue: Technical issues. Solution: Ensure your internet connection is stable and try clearing your browser cache. Overview of Features After Login Once logged in, you can access various features, including trading tools, account management options, and educational resources. Familiarize yourself with the dashboard to maximize your trading experience. Additional Sections Account Security Recommendations Use strong, unique passwords and enable two-factor authentication. Regularly update your password and monitor your account activity for any suspicious transactions. Best Practices for Account Management Keep your contact information updated to ensure you receive important notifications. Review your account settings periodically to manage your preferences effectively. How to Get Technical Support If you encounter issues or have questions, you can reach Lime Financial's support team via: Email: support@lime.co Phone: +1 855 274-4934 (toll-free) Live Chat: Available on the Lime Financial website. By following this comprehensive guide, you can successfully navigate the registration, account opening, and login processes for Lime Financial. Enjoy your trading experience!
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Lime Financial Broker - Complete Information Guide

1. Broker Overview

Lime Financial, established in 2000, is a prominent brokerage firm headquartered at One Penn Plaza, 16th Floor, New York, NY 10119, United States. Initially known as Score Priority, the firm has transitioned through various branding phases, including Just2Trade, before rebranding to Lime Financial in 2022. This evolution reflects its commitment to providing advanced trading solutions tailored to both retail and institutional clients.

Operating as a private entity, Lime Financial primarily serves active traders and financial institutions, focusing on delivering high-quality execution and low-latency trading technology. The firm has carved a niche in the market, particularly appealing to high-frequency traders seeking efficient and reliable trading platforms.

Lime Financial's journey began when its founders, comprised of hedge fund traders, identified a gap in the market for a brokerage that could meet their specific needs for speed, volume, and privacy. This led to the creation of Lime Financial, which has since expanded its services to independent traders who value quality execution. A significant milestone in its development was the acquisition of the Lime low-latency execution platform from Lightspeed Financial Services in 2020, further enhancing its technological capabilities.

The business model of Lime Financial operates as an agency broker, meaning it acts solely on behalf of its clients to execute trades without holding inventory in the securities being traded, distinguishing itself from traditional broker-dealers.

2. Regulatory and Compliance Information

Lime Financial is regulated by several notable authorities, ensuring a robust compliance framework. The primary regulatory bodies include:

  • U.S. Commodity Futures Trading Commission (CFTC)
  • Financial Industry Regulatory Authority (FINRA)
  • National Futures Association (NFA)
  • Securities Investor Protection Corporation (SIPC)

Each of these regulators plays a crucial role in overseeing Lime Financial's operations, with specific regulatory numbers assigned to each authority, ensuring transparency and accountability.

The validity and scope of Lime Financial's regulatory licenses encompass a broad range of trading activities, providing clients with confidence in their trading environment. The firm adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, safeguarding against illicit activities and ensuring that clients are properly vetted.

Lime Financial also implements a client fund segregation policy, which ensures that client funds are held separately from the firm's operational funds, providing an additional layer of security for investors. Furthermore, the firm participates in investor compensation schemes, aiming to protect clients in the unlikely event of insolvency.

3. Trading Products and Services

Lime Financial offers an extensive array of trading products, catering to a diverse clientele. The firm provides access to a variety of forex currency pairs, with a focus on major and minor pairs, although specific numbers of pairs were not disclosed in the available sources.

In addition to forex trading, Lime Financial offers Contracts for Difference (CFDs) across several asset categories, including:

  • Indices
  • Commodities
  • Stocks
  • Cryptocurrencies (though specific details on availability were not provided)

The firm continually updates its product offerings, although the frequency of these updates is not explicitly detailed in the sources. Lime Financial's retail trading services are complemented by institutional client services, including direct market access (DMA) and tailored solutions for high-volume trading.

For clients seeking white-label solutions, Lime Financial provides options to partner with the firm for customized trading platforms, enhancing the trading experience for various market participants. Asset management services may also be available, although specific details were not highlighted in the sources.

4. Trading Platforms and Technology

Lime Financial supports the MetaTrader 5 (MT5) platform, allowing traders to access advanced trading functionalities and tools. The firm also offers its proprietary trading platforms, including Lime Trader and Lime Pro, which are designed to meet the needs of both individual and institutional traders.

The web-based trading platform provides a user-friendly interface, while mobile applications for both iOS and Android ensure that traders can manage their accounts and execute trades on the go. Lime Financial's platforms are built with a focus on low-latency execution, which is crucial for high-frequency trading strategies.

The execution model employed by Lime Financial is primarily Direct Market Access (DMA), allowing clients to route their orders directly to the market venues of their choice. The firm boasts a robust technical infrastructure, including servers located in major data centers, which enhances the speed and reliability of trade execution.

For traders looking to automate their trading strategies, Lime Financial offers API access, enabling clients to connect their own systems for automated trading solutions.

5. Account Types and Trading Conditions

Lime Financial provides a variety of account types, designed to cater to different trading styles and needs. The standard account conditions include:

  • Minimum Deposit: $1,000 for trading accounts; $2,000 for margin accounts.
  • Spreads and Commissions: The firm offers $0 commission trading on U.S. stocks and ETFs, with options trading at $0.50 per contract.

Advanced account types may include VIP or professional accounts, which offer enhanced features and lower trading costs. Specific details regarding Islamic accounts or corporate accounts were not provided in the available sources.

The firm also offers a demo account policy, allowing prospective clients to practice trading without financial risk. Leverage ratios vary across different products, providing traders with flexibility in their trading strategies.

Minimum trade sizes and overnight fees are also applicable, although specific figures were not detailed in the sources.

6. Fund Management

Lime Financial supports a range of deposit methods, including:

  • Bank Wire Transfers
  • ACH Transfers

The minimum deposit requirement varies by account type, with a general minimum of $1,000. The processing time for deposits typically ranges from immediate to 24 hours, depending on the method used.

Regarding withdrawal methods, Lime Financial allows clients to withdraw funds through similar channels, with specific restrictions noted for certain payment methods. The processing time for withdrawal requests is generally within 24 hours for domestic wire transfers, while international requests may take longer.

The fee structure for deposits and withdrawals includes minimal charges, although specific fees for various transactions were not detailed in the sources.

7. Customer Support and Educational Resources

Lime Financial offers multiple channels for customer support, including:

  • Phone Support
  • Email Support
  • Online Chat
  • Social Media Platforms

Customer service is available during business hours, with phone lines operating Monday through Friday from 9 a.m. to 5 p.m. ET. The firm also provides support in multiple languages, although specific languages were not enumerated in the sources.

Educational resources at Lime Financial are limited but include a section on their website with articles and videos covering trading strategies and market insights. However, more comprehensive educational materials and market analysis services may be lacking compared to competitors.

Traders can access tools such as calculators and economic calendars to aid their trading decisions, although the availability of these tools was not explicitly stated.

8. Regional Coverage and Restrictions

Lime Financial primarily serves clients in the United States and accepts clients from various countries, except those on a restricted list. Specific regional offices were not detailed, but the firm maintains a significant presence in the U.S. market.

Certain countries are restricted from opening accounts with Lime Financial, although the specific list of these countries was not provided in the available sources. Additionally, the firm may impose special restrictions based on regulatory requirements in different jurisdictions.

In conclusion, Lime Financial stands out as a broker tailored for experienced traders, particularly those engaged in high-frequency trading. Its focus on low-latency execution and advanced technology positions it as a competitive player in the brokerage industry. For traders seeking a robust trading platform with a variety of asset classes, Lime Financial may be a suitable option, provided they meet the necessary account requirements and are familiar with the trading environment.

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Lime Financial

News

Lime Trading Corp. fined $100,000 by NFA

News Lime Trading Corp. fined $100,000 by NFA

The National Futures Association (NFA) put a $100,000 fine on Lime Trading Corp. on February 7, 2024. It is a futures commission merchant member of the NFA based in New York. N.Y. Lime Trading became an NFA member in August 2016.

Lime Financial Forex Broker has an overall rating of 1.46, Regulatory Index 0.00, License Index 0.00, Business Index 6.62, Software Index 4.00 Risk Control Index 0.00.
Lime Financial