DotBig review

Our team of researchers gathered 2425 data points and weighted 66 criteria based on data collected during extensive research for each of the 25 companies we reviewed. Many of the intricacies that make this platform unique in the industry and are pivotal to service their niche trader would only stand to confuse a new investor. Score Priority had a focused vision of its target market of active traders, yet didn’t have the technology to fully serve this type of trader. Picking up Lime and rebranding as Lime Financial has allowed the company to more adequately and competitively serve experienced, high-volume traders. If you aren’t in that select group, it is best to look elsewhere for a broker to serve your portfolio needs. However, the hedge fund-style tools and low-latency platform that Lime offers to traders and investors is pinnacle within the industry. Investors have the ability to trade directly from the price chart, the ability to customize the platform, and the ability to customize the price chart in Lime Trader.

DotBig review

Lime’s attention to this niche is evident in their ability to beat the competition by fractions of a microsecond in order to more rapidly execute investors’ orders. This focus on the high-end of the sophisticated trader market means that Lime Financial doesn’t devote a lot of resources to anything else. You either need their low-latency market access to make money with high-frequency trading, or Lime is not for you. The trading DotBig review dashboard has many options for the investor to customize, such as screeners, notifications, alerts, and favorites. Lime offers investors the ability to place traditional orders, trade options, and short stocks. Placing a market order, limit order, or conditional order is easy from the main trading dashboard. There is also a nice trade from chart feature and you can move the one-cancels-the-other prices with your mouse.

Lime doesn’t support fractional shares trading, as well as forex, crypto, international stocks, or bonds. However, investors can go into their dashboard, click on a particular stock, then they will have the option to place a “new order” by clicking the green button at the bottom of the screen.

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Metatrader 5 is a powerful testing tool, but its third party downloadable web and mobile components have limited backtesting when used in the Lime platform. Lime Financial doesn't offer any portfolio analysis tools or options from third parties at this time. Unrealized and realized gains/losses are reported in real-time, as are margin and buying power.

Here are some of the behind-the-scenes ways Lime Financial makes money from you and for you. Incoming third-party wires that are returned trigger a $25 fee charged to the account. Data that is sent to clients is never cached in an unencrypted format on the computer that you are using so that your account information cannot be retrieved from the web browser’s cache files. There's no option to specify dividend reinvestment when you buy a dividend-paying stock. Investors can create watch lists, but the platform does not offer any sort of trading ideas generator currently.

DotBig review

Lime Financial was founded over 20 years ago when a hedge fund was looking for a brokerage firm to meet their needs for volume, speed, and privacy. After gearing its services toward a competitive group of financial institutions, Lime is now expanding access to independent traders who value quality execution. Lime was a natural fit to better serve high-frequency traders with hedge-fund-level technology and Score Priority chose to rebrand as Lime Financial after integrating those capabilities. We’ll take a closer look to help you decide if Lime Financial is the right investing platform for you. Lime Financial offers a straight-forward dashboard that gives users an overview of current market news, market sectors, and portfolio holdings. Investors are even able to set up their own list of favorite stocks to follow to further customize their user experience. Investors can log in from either desktop or mobile platforms to keep tabs on their account from anywhere.

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While there are several ways to customize the dashboard with regards to stocks, there is currently no choice to add screeners for ETFs, mutual funds, options, or fixed income. As one of the only agency brokers on Wall Street, Lime Financial stands out in the industry as a broker that is only acting on behalf of their clients to execute client trades. In other words, Lime is not holding inventory in the securities that its clients buy and sell, like a broker-dealer would. Lime Financial’s platform uses algorithmic trading to react to market events faster than the competition, thereby increasing the profitability of trades—also known as low-latency trading. Lime Financial is primarily offering direct market access and platforms designed for day traders and anyone wanting to invest in the market using high-frequency trading . Lime Financial’s focus is offering a state-of-the-art technology trading platform to experienced investors. The low-latency platform is perfect for sophisticated, high-volume traders who want direct access to the markets.

However, investors can utilize the “Learn” tab on the website to access “Lime Insights,” which does provide informational, investing articles. Before an order is eligible to be placed on the exchange for execution, the brokerage firm is responsible for a mandatory pre-trade risk check (Rule 15c3-5) to ensure that an order is not violating any predetermined thresholds. Many of the brokers we reviewed also gave us live demonstrations of their platforms and services, either at their New York City offices or via video conferencing methods. Live brokerage accounts were also obtained for most of the platforms we reviewed, which our team of expert writers and editors used to perform hands-on testing in order to lend their qualitative point of view. For high-frequency traders, speed of trading is important, and Lime highlights low-latency trading on its platform.

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There are no tools to help you calculate the tax impact of future trades, although you can export tax-related reports to Excel and Quicken. The company does offer a money market fund option that offers a small amount of interest on cash in the account. It is available for all account types, but users must opt in after the account is open.

These customizations, along with the low-latency and high-volume trading platform offers investors services that other brokers simply cannot. At Lime Trading, you may trade in stocks, ETFs, options, and over-the-counter stocks. Because Lime DotBig review is an agency broker, they are not holding inventory in any of the securities that an investor buys or sells, thereby opening up the market to investors. However, there are some limits to what investors can access through Lime’s platform.

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At this time, Lime does not offer any third-party or proprietary research to investors. There are no additional fees for ETNA, Lime Trader, and Lime Meta, but Lime Pro is $200/month plus market data fees. Lime uses a 64-bit block cipher and supports a variable key length of 32 bits to 448 bits. What this means is that a block of your personal data is taken and is scrambled with a key created from your password to make it unreadable. Lime Financial does not enable customers to screen based on environmental, social, and governance or socially responsible investing factors. With fewer brokerages charging commissions these days, it's less obvious how they stay in business.

This year, we revamped the review process by conducting an extensive survey of customers that are actively looking to start trading and investing with an online broker. Lime’s algorithmic trading platform allows quantitative traders access to several markets, fast execution, customizable settings, and execution reporting. Lime Financial provides little education about trading and investing strategies beyond an FAQ page. Because Lime Financial is primarily aimed at the intermediate/experienced crowd, investors who need more education will need to find alternative resources.

Investors can choose ready-made templates when searching for securities, as well as creating their own. Selections can be made to screen stocks regarding which exchange, security type, and market sector, allowing investors to use both general and complex parameters based on fundamental and technical analysis. Switching from the account and portfolio dashboard to the trading screen is simple via a desktop computer, as a tab is at the top of the screen to make this transition easy. Just click “go to trading” at the top of your dashboard and you will be taken to the trading screen where you can then monitor the market, place an order, or open an option chain.