lemon.markets FAQs

You can register on our Dashboard. After you have verified your account, you can log in. We have already created an initial API key for you, which you can use to get started directly in the Paper Trading API.

With the Trading API, you can trade with your own money via a custody account with our partner, Baader Bank. It has the same structure as the Paper Trading API. Find out more about opening a securities account and all the special features of the Trading API in the section "Securities Account & Partner Bank". 

Note: we are currently testing the Trading API in a closed beta setting. Until then, feel free to join the Paper Trading API and start building your use case. That way you will also be informed about any news regarding the Trading API! 😉

Currently, the Trading API is still in closed beta. Stay up-to-date with the latest news by joining our Slack Community or following us on LinkedIn. For now, you can already register for the Paper Trading API and test diligently with it as you will need to meet certain criteria there (create 2 Spaces, execute 20 transactions) to upgrade your account from Paper Trading environment to Trading environment. 

In the Dashboard you will find an overview of your Spaces, Orders, and Transactions. You can also create new API keys and spaces in the dashboard. 

Once we switch into open beta with the Trading API, you will be able to download the lemon.markets app from the Apple AppStore or the Google Playstore. Stay tuned! 🚀

The mobile app is necessary to upgrade your account from Paper Trading to Trading. You will complete the KYC process and video identification inside the lemon.markets app. Once your account is confirmed, you can use the app to manage your previous orders, spaces and transactions and activate new orders. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into open beta you will be able to access the mobile application. Until then, feel free to already join the Paper Trading API. We appreciate your patience. 🙏

To access the Paper Trading environment you can sign up via our Dashboard. All you need to do is use your personal email address and create a password. That's all and you are good to go!

Once we switch to open beta, any private person who is of legal age, taxable in Germany (only), and not politically exposed is invited to create a Trading account with lemon.markets. In addition, to wire money in and out of your account, you need to have a European bank account (SEPA).

The first step to open a Trading account is to download the lemon.markets mobile app that will be available in the Apple App Store or Google Play store. Once you downloaded the app you can sign up and we will guide you through the KYC process.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to access the mobile application to open your personal account. Until then, feel free to already join the Paper Trading API. We appreciate your patience. 🙏

You verify yourself through the KYC process inside the lemon.markets app. A video identification by our partner IDNow will be performed to complete the account opening process. Via the webcam, an IDNow employee will guide you through the video identification process, verify your documents, and take pictures.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to access the mobile application to verify yourself. Until then, feel free to already join the Paper Trading API. We appreciate your patience. 🙏

When you have all the necessary information (IBAN, ID card, etc.) at hand, the process itself incl. the video identification will only take a few minutes (max. 10 minutes). Afterwards, it can take up to two business days for lemon.markets and our partner BaaderBank to open your account. Baader Bank is working hard to enable all account openings (issued before 6 pm) for the following day. However, in case of questions or concerns that Baader Bank has to address back to us, it might take an additional day.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to access the mobile application to open your personal account. Until then, feel free to already join the Paper Trading API. We appreciate your patience. 🙏

You can update your account information in the lemon.markets mobile app settings. Or you can send an email to [email protected].

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to access the mobile application to update your account information. Feel free to already join the Paper Trading API. We appreciate your patience. 🙏

You can delete your account (incl. subscription) by sending an email to [email protected]. Please notice that there is a four-week notice attached to the termination of your contract. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to access the mobile application to open/update/delete your personal account. Until then, feel free to already join the Paper Trading API. We appreciate your patience. 🙏

You can choose your subscription plan during the KYC process in the lemon.markets mobile app. Your subscription starts once you accept the terms and conditions and complete the KYC process within the lemon.markets app. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account and start a subscription. Until then, feel free to already join our free Paper Trading API. We appreciate your patience. 🙏

We will deduct the charges for your subscription plan from your reference account.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account and manage your subscription. Until then we ask you for a bit more patience. 🙏

We currently offer only one subscription plan. Everything else will follow soon.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account and manage your subscription. Until then we ask you for a bit more patience. 🙏

You can cancel your subscription by sending an email to [email protected]. Please notice that there is a four-week notice attached to the termination of your contract. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account and manage your subscription. Until then we ask you for a bit more patience. 🙏

An additional revenue stream for lemon.markets is the Payment-for-Order-Flow (PFOF) which means that every time you place an order with the lemon.markets API and we direct it to our partners for execution, we/LM receive a small payment in return. This small sum is already included in the price you pay for the specific stock you want to buy or sell, so normally you don’t really notice it. However, it is there and we find it important that you know about it. Other than that, placing orders with our API is completely free.

Your money is held in your personal separate custody account at the Baader Bank AG.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

The securities account is not accompanied by any running expenses.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

Currently, we do not offer the transfer of securities to a lemon.markets account.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

Please note that we do not offer the opportunity to transfer from your lemon.markets securities account to another bank. This can only be done by closing your lemon.markets account.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

Most likely this is because you already placed a sell or stop order for the respective instrument. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

No, it is currently not intended that one person holds several securities accounts at the same time.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

Corporate actions without an option, such as splits, are simply accounted for without any cost to you. If you receive pre-emptive rights, for example, these are automatically sold on the last trading day. This is also free of charge for you. If you wish to issue an instruction to exercise the pre-emptive rights, you can do so in writing. Please note, however, that in this case the costs for a written instruction will be incurred. When exercising rights, the bank also charges an additional fee according to the List of Prices and Services.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

Yes, you can participate in general meetings of national stock companies. The company will contact you directly in case you own registered shares. Otherwise, we will send you a notification to your Postbox well before the deadline for ordering tickets. Please send your ticket orders to us through the ticket system.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

As soon as you can see the transferred credit in your account you will be able to use it to, e.g. buy instruments.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts and can start transferring money. Until then we ask you for a bit more patience. 🙏

The fee is in accordance with the List of Prices and Services of Baader Bank AG, but currently -0.50 % p.a.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts with lemon.markets and Baader Bank. Until then we ask you for a bit more patience. 🙏

You can only transfer money to the reference account because the connection with only one account will significantly increase safety.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts and can start transferring money. Until then we ask you for a bit more patience. 🙏

You can withdraw money via the /account/withdraw/ endpoint. Please check our documentation for more information. Additionally, you can withdraw money to your reference account via the “wire money” tab in the lemon.markets app. You only need to indicate the amount you would like to wire out and it will be transferred to your reference account. 

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts and can start transferring money. Until then we ask you for a bit more patience. 🙏

You can change your reference account by sending us a message in the lemon.markets mobile app. Or you can send an email to [email protected].

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open and manage your personal account with lemon.markets. Until then we ask you for a bit more patience. 🙏

No, unfortunately, we are not offering accounts that are held in foreign currencies.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts. Until then we ask you for a bit more patience. 🙏

No, lemon.markets does not offer a securities loan.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal accounts. Until then we ask you for a bit more patience. 🙏

No, we do not offer to open a current account with lemon.markets.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account with lemon.markets. Until then we ask you for a bit more patience. 🙏

No, we do not offer the possibility of getting a debit card/ credit card with your lemon.markets account.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account with lemon.markets. Until then we ask you for a bit more patience. 🙏

No, since we do not offer to open a current account with us and a clearing account does not have the possibility to set such a drawing limit/ credit line.

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open your personal account with lemon.markets. Until then we ask you for a bit more patience. 🙏

For every order that you request, we check whether your account is sufficiently covered and we only accept orders where the account at the point of our examination would not be overdrawn by the respective order. If it still happens that your account is overdrawn at some point you will get a notification informing you about the status and asking you to balance your account. For the time that the account is overdrawn, you will need to pay overdraft interest amounting to what is specified in the list of prices and services (Preis- und Leistungsverzeichnis).

You can find the prices and services directory in your Postbox within the lemon.markets app or on the lemon.markets website.

Source taxes will be paid and certified. However, we do not offer the service to reclaim the incurred source taxes for you.

You can set a maximum amount of 801€ during the account opening process in the lemon.markets app. You can change the amount later.

The processing time is usually no longer than a few business days. This can, however, be significantly longer when approaching the end of the year. You can view the tax allowance amount specified by you in the “Settings” of the lemon.markets app. This amount will also be retroactively considered for the ongoing year. For taxes that have already been paid a recalculation will be executed and when appropriate you will be refunded for paid taxes.

You will be able to change the previously set amount by contacting us through the lemon.markets app or by sending an email to [email protected].

Note: we are currently testing the Trading API in a closed beta setting. Once we switch into an open beta you will be able to open and manage your personal account with lemon.markets (incl. tax allowance). Until then we ask you for a bit more patience. 🙏

 No, there is no fee attached to crediting dividends.

Since we as lemon.markets do not have a banking license ourselves to operate in the regulated business of investment brokerage, we have joined DonauCapital as a tied agent. DonauCapital is a financial services institution that has all licenses from BaFin that are necessary for our business. As part of the affiliation, DonauCapital ensures that we conduct our business properly. The tied agent is a common constellation in the investment brokerage business.  When forwarding your order from our systems to Baader Bank, we are conducting a banking transaction subject to licensing: investment brokerage. In our case, we provide this service in the name and for the account of DonauCapital Wertpapier GmbH, so that the activity is covered by its license.

The data transfer between the Baader Bank and lemon.markets as well as the storage of sensitive data is always encrypted. We only store and process your personal data within the EU and make sure that this is also the case for our partners.

To increase security when using lemon.markets it is important that you use an up to date hard- or software and strictly follow our security instructions. Also, you should never share any of your personal lemon.markets data such as your Login credentials or your API Keys. 

When you suspect unauthorized access to your account, you can simply change your password on your own by choosing “Forgot password” when trying to log in to the account. In urgent cases, you must directly contact lemon.markets (a so-called blocking notification). You can do this directly via the API, by sending an email to [email protected], or via the support chat within the lemon.markets app. Further information on this can be found in our terms and conditions (Preis- und Leistungsverzeichnis) on the lemon.markets website.

As your credit and custody account holdings are stored under your name in accounts custody accounts at the Baader Bank, these are not subject to any insolvency measures. You can close and liquidate your custody account at any time.

At the moment, we offer the Munich Stock Exchange (XMUN). However, our API structure is designed in such a way that other trading venues can be added in the future.

The Munich Stock Exchange (XMUN) is open Monday to Friday from 8:00 - 22:00.

Currently, we focus on stocks and ETFs. You can easily find out whether an instrument is tradable via our /instruments endpoint.

An order is an instruction to a broker to buy or sell a particular instrument under certain conditions. 

With the lemon.markets API you can place market, limit, stop market and stop limit orders.

You can place an order by sending a POST request to the /orders endpoint of our trading API. Learn more in our documentation.

You can see all orders by sending a GET request to the /orders endpoint. Read more in our documentation. You can also see all orders in the Dashboard and in the Mobile App.

Orders can be deleted if they have not yet been executed (status: inactive or activated). To delete an order you have to send a DELETE request to the /orders/{order_id}/ endpoint. Read more in our documentation.

No, there is no minimum order volume.

There is no maximum order volume in the Trading API. In the Paper Trading API there is no maximum order volume either, but the creation of new orders is limited to 100 per day. 

Your portfolio consists of all the instruments you have acquired through buy orders, minus sell orders. This means that whenever you send a buy/sell POST request to the /orders endpoint, once the order is activated and executed, your portfolio will adjust accordingly. 

You can see your portfolio by sending a GET request to the /portfolio endpoint. Read more in our documentation. You can also see your portfolio when you log into the Dashboard.

We provide historical and real-time market data in open-high-low-close (OHLC), historical and real-time quotes and historical and real-time trades. 

You can retrieve historical market data for a specific instrument by sending a GET request to one of the relevant endpoints, specifying the International Security Identification Number (ISIN). Find out more in our documentation.

We are currently working on setting up a stable real-time market data service. But we still need a bit more time. Thank you for your patience 🙏🏼

There are various ways to integrate market data into your own trading strategy. On our blog we present various ideas and concepts - get inspired.

Yes, in our documentation we collect SDKs in different programming languages to help you get started with the lemon.markets API.

Yes! lemon.markets is from developers for developers. Contact [email protected] to discuss how you can turn a project or idea into a resource to help other users get started. 

You can reach us via our Slack Workspace or by email at [email protected].

No, so far we only offer written support. But we do it very fast & diligently. 

No, the focus of lemon.markets is to provide a stable and easy-to-use API that allows everyone to build their own trading product on the stock market. However, we do provide several resources to help you get started with our API and your first project. Learn more in our documentation.