LimeFX Review 2022: Direct Access Day Trading Broker

The users seem to be very happy with the overall services and actively promote it, do a google search or view their Twitter stream to see. Commissions are not the be-all and end-all, but low commissions help reduce slippage, especially if you are an active investor or trader. The easy-access platform runs in all browsers and allows for a seamless trading experience thanks to multi-screen layout support. The platform interface looks like a day-trading platform should look. It is intuitive and focuses on the most important aspects, such as speed and reliability. The bare-bones requirement is making at least 5 trades per month or 15 trades per quarter.

LimeFX did NOT eliminate their commission fees for good reason. 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. LimeFX offers a flexible commission structure that allows you the option to either be charged per trade or per share. Per share fees start at $.0025 per share and per trade fees start at $2.95 per share. There is also an options pricing option that starts at $.30 per contract.

Individual trading accounts- The account type is a basic account for individual investors; it allows access to the web-trading platform and the mobile trading app. Nevertheless, the trading choices are restricted between options and equities only. The LimeFX platforms have monthly fees ranging from $25 a month to over $100 a month. As for commission fees, the per-trade pricing starts at $4.49/trade, the per-share pricing starts at $0.0044/share, and if you trade options, pricing starts at $0.40/contract. If you are a trader focused on shorting stocks, you may find that LimeFX has a more extensive shortlists compared to a traditional broker. Integrated locates allow you to search for locates directly within the LimeFX PRO Platform.

LimeFX Broker Review

However, LimeFX outscore TD Ameritrade in the range of share options available. Unlike TD Ameritrade, Speedtrade offers trading options in fractional shares and securities. Similarly, LimeFX account registration processes cost relatively lesser when compared to TD Ameritrade. Similarly, as the educational resources use different platforms, they are often quizzed into making wrong decisions.

LimeFX Pro Review 2022

The platform’s site is not that well organized, and you can hardly get your hands on where the educational content you might need is. The blog section mainly contains articles that don’t go beyond the basics. Furthermore, at the time of writing, the last published article is from 2019. Also, there is a $10,000 minimum funding requirement for the LimeFX Pro and $2,500 for the ActiveWeb platforms.

Lightspeed offers different commission plans based on trading volume. If you meet monthly trading volume thresholds, you may qualify for discounted commissions through its Active Trader Commission Group . Per-share rates range from $0.0010 to $0.0045, depending on monthly volume, and per-trade rates fall between $2.50 and $4.50—again, depending on how much you trade during the month. You can trade equities and options on any of the platforms, but you’ll need Eze EMS or efutures to trade futures. Options traders may prefer the Sterling VolTrader platform, which is geared toward monitoring risk.

LimeFX is a US-based online brokerage for active traders who are looking to trade stocks and options. They have premium trading platforms that are packed with excellent tools for detailed chart analysis and conducting your day trading activities. I found the pricing to be very reasonable with competitive commissions and fees.

  • LimeFX offers bank wires and ACH plus a few broker-to-broker transfers.
  • ActiveWeb provides real-time streaming market data with Level 1 quotes and live charting.
  • LimeFX brands itself as a low-cost trading service provider, and rightly so since its trading commissions and fees are among the lowest in the industry.
  • LimeFX provides mobile trading platforms or web-based desktops, including LimeFX PRO, an effective level 2 desktop trading program.
  • This website is using a security service to protect itself from online attacks.

Many brokers are available with account minimums options available…. You can use the research and technical tools provided by your brokerage to learn more about new shares. If that’s not enough, you can also seek help from videos and external educational resources. Although external sources aren’t always helpful, they will guide you on how active traders commit their trade.

Meet the Company with the mission “Leading the World to Safer Helmets”; Interview with Peter Halldin, co-founder of Mips.

While LimeFX does not have a dedicated research or educational section, it maintains a blog with high-quality content. It covers many topics beginner traders can use for learning purposes. Equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

  • However, I was quite disappointed to find that the premium platforms require a monthly subscription unless you are meeting specific trading volume requirements.
  • You can export your daily transactions to Excel for further analysis.
  • Traders may call, e-mail, fax, use the webform or the live chat function.
  • Commentary and opinions expressed are those of the author/speaker and not necessarily those of LimeFX.

Dumblittleman does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific LimeFX or financial limefx review issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. LimeFX is a popular name in the European and American markets; It has established a broad audience with its excellent services and offerings.

LimeFX Pro Customer Support

The company doesn’t involve a commission charge; instead, it provides a buying and selling rate spread to earn profit. Often, understanding the spread can get complicated, and traders end up in a perplexing situation. Nevertheless, LimeFX has a simple form of pricing that gives a trader the right to decide how they want to be charged. The COR account has the option of per trade commission which is more cost efficient for those trading larger size orders. 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.

  • Our editors independently research and recommend the best products and services.
  • LimeFX offers equally limited educational and training resources, which consist of webinars only.
  • He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
  • LimeFX’s minimum deposit requirement is $ , which may be inaccessible to smaller retail traders and beginner traders.

The platform has received mostly positive feedback, and it will satisfy the needs of experienced traders. All-in-all, the dire state of the education section of LimeFX is understandable, considering that it targets advanced traders. However, if you want to ensure a good day trading learning experience, LimeFX isn’t the place for you. Users can choose to get ActiveWeb on their phone for $30 a month and LimeFX Pro for $15 a month. That being said, being able to access Level 2 data, advanced routing options and charts from your smartphone comes in handy if you’re frequently out and about. LimeFX Pro allows you to manage multiple accounts directly within the platform so that users can control their positions, monitor their P&L, and execute trades with ease.

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The Securities Investor Protection Corporation , the federally mandated, non-profit, member-funded, US corporation, protects clients up to $500,000 per net equity or $250,000 for cash claims. The UI of the app is quite outdated, especially when put side-by-side with apps by top brokerages like TradeStation. LimeFX is registered with FINRA and SIPC in the United States. Traders can open an account with the understanding that if the broker acts unlawfully, they may face the consequences.

LimeFX Broker Review

If you are highly active, LimeFX will save you a lot of money over other brokers . If you are more of a casual trader, you may get better value out of a discount broker. This is the primary trading platform from which limefx broker reviews you will execute your trades. The primary difference is how you want your fees to be calculated. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders.

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The platform also requires a minimum deposit of $30,000 for day trading. From there, pricing is based on a per-trade or per-share structure depending on the nature of your account, the routing options you choose and the asset you’re trading. It contains all of the advanced trading tools that you need to keep track of your portfolio and manage your trades while you are away from your trading desk.

The platform allows you to customize the layout to make your trading experience convenient. There is also the option to manage multiple accounts directly within the platform. Through the support for multiple monitors, LimeFX Pro gives the active trader everything they need to turn their setup into a professional one. By blending powerful trading platforms with speed and cost-efficiency, LimeFX offers the complete package experienced traders want. LimeFX’s senior management possesses many years of market experience, and the broker believes that type of experience makes it suited to understanding its clients’ trading needs.

LimeFX is a project of mint global markets; the firm is recognized in the LimeFX sector on an international level. LimeFX has a range of account types based on the needs of different customers. LimeFX offers its lightweight HTML5-based LimeFX ActiveWeb trading platform for less demanding traders. The LimeFX Pro is its desktop platform catering to active day traders and high-volume, high-frequency clients.

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