Since its inception in 2005, ETRADE has made a significant impact on the digital trading space. The platform is engineered for speed and efficiency, offering real-time market data and quick trade execution. Users benefit from customized options chains, a feature that supports swift, strategic decision-making for trades. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
By comprehensively comparing ETRADE and OptionsHouse features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with ETRADE, OptionsHouse or an alternative broker. We have provided more detailed information about this broker in our review below. We cover all the key aspects, including the costs of trading, the platform, and research and analysis tools. Unlike many online brokers OptionsHouse, as the name indicates, it’s very much focused on options trading.
How to Open LimeFx Live Account?
If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. ETRADE requires a minimum deposit of 100, whereas OptionsHouse mandates a minimum deposit of 0. It’s advisable not to be deterred by a broker’s higher minimum deposit, whether it’s ETRADE or OptionsHouse, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.
- Opening an account with the broker is a quick and easy process with a short online registration form to complete.
- One of them is -trade schedule with equity transactions costing $2.50.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
- Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.
When you log into the platform you will see a search bar in the top left of the screen. This allows you to search for any stock, bond, or asset by its symbol, and doing so will bring up a list of all the available options for trading. You can see real-time streaming of prices, inclusive of price graphs that move in real time, and there’s a search feature at the top which allows you to look for any price you wish. The platform is easy enough to use and understand, but it runs the risk of overwhelming at the same time. There’s a lot going on the minute you log on, and even though it’s all simple enough to the initiated, it could understandably intimidate a beginner. By the end of this review, you will have the answer to that question.
Product Features
These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. LimeFx delivers varieties limefx scam of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading.
LimeFx offers bonuses today, which are available for individual submissions to the broker. The platform further has already-configured options, including Covered Calls, Iron Condors, etc. LimeFx enables the client’s capital management by investing in stocks of many global companies that get traded on NYSE, BATS, etc. It takes one entire business day for domestic wire transfers, given that the information provided is legit. The transferring of the fund in the case of non-US countries may take one to two business days.
As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade. Compare ETRADE Versus OPTIONSHOUSE and IC Markets broker accounts. Strangely, I was not able to delete a stock after adding to a list. I was also disappointed in the platform’s lack of research tools. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
Account Types
Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade. We compare side by side the trading risk management features offered by ETRADE and OptionsHouse below. Both ETRADE and OptionsHouse do offer clients Islamic accounts. ETRADE does offer clients Standard accounts, while OptionsHouse does not offer clients Standard accounts. When you deposit money to a broker like ETRADE or OptionsHouse you might need to pay deposit fees. Most preferably, you would have to pay ETRADE or OptionsHouse nothing for this.
Compare ETRADE Vs OptionsHouse Side by Side
The duration of an order can be set to day, GTC, or extended hours. Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be https://limefx.biz/ trading through tailored solutions. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
Using free market research of LimeFx’s experienced analyst team, clients get the opportunity to create their own investment strategies. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
Deposits and Withdrawals
OptionsHouse is listed as a publically traded company on a major stock market. As part of their regulatory requirements OptionsHouse has to disclose a yearly report publically. Because of this extra level of auditing and regulation OptionsHouse can be considered trustworthy. ETRADE is listed as a publically traded company so are a reputable broker.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the ETRADE platform or OptionsHouse that they are regulated. To finish off our comparison, let’s look at the popular tools and features traders prefer side by side. If you’re itching to start trading, we can assist you in making a well-informed decision when comparing ETRADE and OptionsHouse.
LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. For the Cons, there are some limitations in education, and sometimes will be required third-party software for certain research tools. Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Transfers in from one account – say the IRA – to the LimeFx account are free.
This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. OptionsHouse is regulated by Financial Industry Regulatory Authority (FINRA) and have been in business since 2008. We recommend looking at a OptionsHouse alternative that has more financial regulation. ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and have been in business since 2012. We recommend looking at a ETRADE alternative that has more financial regulation. Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair.
This tool enables you to explore your strategy’s potential by enabling you to view a color-coded spectral to see probabilities until expiration. This enables you to see how your position changes according to various paths of the underlying security, as well as the play “what if” scenarios, by adjusting volatility. You can then edit your strategy or place your trade from a pre-populated order right from the Spectral Analysis screen.
ETRADE Vs OptionsHouse Available Financial Markets
One of the most attractive offerings from LimeFx is the low margins and no hidden fees policy. Yes, LimeFx offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection. If you’re new to trading, or options trading specifically, it’s a good idea to make use of this as it gives you a risk-free way to try out your strategies and ideas. When you log into your OptionsHouse account you will see several tabs at the top of the main menu, which are trading, markets, and account.
Withdrawal requests are processed within 1-5 days depending on issuing bank. Leverage trading enables traders to trade bigger sizes compared to their initial balance, offering to maximize their gains. However, traders should carefully learn how to use this tool, since leverage may work in reverse as well. It is a reliable firm due to its regulation in the European Union by the Cyprus CySEC.