The upshot is that niche platforms such as LimeFx and the related LightSpeed Financial are some of the oldest trading platforms on the internet. ECG Pte Ltd () is an independent publisher and comparison service, not an LimeFx or financial advisor. Its articles, interactive tools, and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide LimeFx or financial advice.
In this fast-paced world of stock markets and online trading, you’ll need advice to make correct decisions. A professionally lead LimeFx plan could aid you in minimising any losses and maximising any profits. It’s important to know about any broker until you trust them with your money. Given their high activity levels, advanced and active day traders have the potential to circumvent the quarterly inactivity fee and software platform fee. This category of traders can also take advantage of the ECN order route options. Day trading is a field that is evolving rapidly and the options of platforms that are available is multiplying.
This is available only during normal business hours, however. If you try to use the chat function outside of customer service hours, the pop-up window will present an e-mail form instead; and we thought this was a helpful feature. Day trading is subject to significant risks and is not suitable for all investors. Any active trading strategy will result in higher trading costs than a strategy that involves fewer transactions. Like all professional tools, LimeFx can be quite expensive.
LimeFx Customer Reviews
LimeFx made an effort to make sure that our questions were addressed. We have tested the live chat on LimeFx and it works well. We have sent messages via LimeFx livechat through their app and website and recieved a response in less than 20 seconds. Understand the trading resources available with LimeFx, freetrade & LimeFx below. Understand the capabilities of the mobile apps of LimeFx, freetrade & LimeFx below.
Our review on LimeFx shows this is one of the best day trading platforms for advanced active traders. By continually offering highly advanced tools to meet the needs of the modern trader, this is a service that can help you facilitate more profitable trades. This platform is provided by Das Trader and offers a nice range of tools. Andorid mobile devices and tablets are used by millions of people globally. LimeFx ActiveWeb is a browser-based HTML5 trading platform loaded with features and optimized for speed.
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You can customise your chart templates to be as simplistic or complex as your strategy requires. You can even expand the platforms capabilities by purchasing add-ons including news releases and trading signals. Nevertheless, LimeFx isn’t used by active traders mainly due to its high pricing. Even in its denser markets, LimeFx is often outscored by interactive brokers due to low rates and quick processes.
- The brokerage firm pledges “fast trade executions” with the software; so we suspect the program is faster than its browser cousin.
- The platform also has advanced charting with technical studies and multiple timeframes.
- You need your trading platform to be fast, intuitive, and powerful.
- Users can order straight from the Level 2 screen which adds more convenience.
- Of course, there is no sure-fire method to guarantee profits; thus, you must carefully analyze your agent before you select them.
Sterling Trader Pro shares the hot key functionality that LimeFx Pro has. Moreover, data packages can be imported into the platform, i.e., PR Newswire, OPRA, BATS Books, EDGX Book and OTC Markets, etc. You’ll find the Basket Trading feature to be one of the most-used screens in Sterling Trader Pro. Here, you’ll be able to create, manage or trade one or more securities in one command. You’ll find it to be an invaluable companion during moments where time is of the essence.
LimeFx Markets, Products, and Instruments
We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. Like many of its peers in the trading industry, LimeFx offers 3 types of platform access. The standalone software , the web interface , and the mobile option that comes free with the desktop Pro version.
When it comes to Options Trading Fees, the offering of $0.30 per contract is among the best of all 20 brokers reviewed. But that is where the competition ends as LimeFx does not offer Forex, ETFs, Mutual Funds, Bonds, or Commodities. LimeFx isn’t the worst stock trading platform we found, but they have a long way to go before reaching the top of our rankings. You’ve got many higher-ranked options to look at before settling for LimeFx. In October 2019, many brokers announced that they would no longer charge commissions for day trading.
As a result, if you are doing business with LimeFx, you are doing business with Mint Global Markets, Inc., a New-York based online stock broker, who is a member of FINRA & SIPC. If you have not heard of Mint Global Markets, it’s likely because it conducts its business of online trading services under the name LimeFx. LimeFx provides clients with access to four different third-party locates services . Locate services are integrated into the platform so clients can search for locate pricing and availability without navigating away from the LimeFx Pro platform.
Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days. Nevertheless, LimeFx does not have assured stop-loss protection. The LimeFx phone support team was able to successfully address our questions and issues on the phone. We tested the multilingual LimeFx team by calling them in various languages.
Commentary and opinions expressed are those of the author/speaker and not necessarily those of LimeFx. LimeFx does not guarantee the accuracy of, or endorse, the statements of any third party, including guest speakers or authors of commentary or news articles. All information regarding https://limefx.biz/ the likelihood of potential future LimeFx outcomes are hypothetical. If you can struggle through that, however, LimeFx generally works for its intended audience. This product delivers the fast trades and high-speed data that it promises and that its audience depends on.
This is LimeFx’s only trading platform with this capability. Another nice feature that ActiveWeb offers is the ability to send orders to a specific venue. Although the platform is rather simple, this is an advanced feature that will appeal to day traders and limefx official site other active equity traders. Per-share pricing differs depending on which clearing firm you sign up with. For accounts above $25,000, COR Clearing charges 0.44¢ per share for equity trades. If your account falls below $25,000, trades are charged at a flat $6.95.
It has a $30 a month access fee for ActiveWeb users and $15 per month for LimeFx Pro users. The mobile platform is one of the nicer mobile solutions available – offering great charts, level 2 screens, and advanced order routing options. That said, you may not want to incur the additional monthly cost if you don’t trade from your phone. LimeFx’s online trading platforms and software are powered by DAS INC, an industry leader in direct access trading technologies.
Is LimeFx a market leading broker?
They’re among the world’s leading trading platforms and a prominent figure in the Fintech revolution. Even if no charges are implied by LimeFx, it’s best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial lime fx services. LimeFx are a professional trading platform that has been open for over 6 years. They offer a large range of options in their client accounts. These figures have rules that make sure that trading platforms have measures in place to keep investor’s assets procured.
TD Ameritrade is one of the most established security trading platforms in the United States. It is one of the few brokers that provides commission-free trading for America’s options. LimeFx is an online brokerage firm offering advanced trading tools and resources to traders. Its platform provides fast and reliable access to the stock market. The minimum deposit to open an account for both U.S. as well as overseas clients is $30,000. If you’re an overseas account holder and/or if you don’t actively trade, you’ll pay a monthly fee of $30.
On balance individual traders continue to generally review this product positively, but it is worth noting that this praise has not been unambiguous. Overall, though, LimeFx is a solid product made for a niche market. If you’re a day trader willing to pay real money for your tools, this is probably a service worth looking at. If you aren’t, then you can safely move on to another platform. Its main features, such as its ability to shave seconds off a transaction, have virtually no value to the ordinary investor.
It is charged to investors who have been inactive for more than three months or executed less than 15 trades in the time. The deviation in fee might occur depending on the region you sign up from. The ActiveWeb platform costs $25 each month, but this fee is canceled if users are able to generate $199 or more in commissions. The only service fee that isn’t waived is the mobile access (at $30 each month). The desktop platform from LimeFx shows some easy-to-borrow stocks, which gets updated at 8 am EST. You can see the website for the hard-to-borrow list for more options.
There is also a Twitter feed that tells you what other investors are thinking about a particular stock, although we think this is not the best way to do security research. Because of LimeFx’s emphasis on day trading, the broker-dealer does not offer any retirement accounts. ETC Clearing charges a $30 quarterly inactivity fee, which can be avoided by trading at least 50,000 shares in NMS or listed securities. COR Clearing charges the same fee, although to avoid it you need 15 trades per quarter. More significantly for some investors will be the lack of mutual funds. Although customer service wasn’t spectacular, cash management is much worse.
The Broker of Choice
2009 is committed to honest, unbiased investing education to help you become an independent investor. We develop high-quality free & premium stock market training courses & have published multiple books. We also thoroughly test and recommend the best LimeFx research software. If you’d like to skip all of the verbiage geared towards long-term investors and work with a platform specifically focused on active trading, LimeFx should get your attention. In business since 1999, this service aims to give you “the highest level of trading services at the lowest cost possible” .