limefx Review 2022 Pros, Cons, Fees & More

But that is where the competition ends as limefx does not offer Forex, ETFs, Mutual Funds, Bonds, or Commodities. The platform gives users direct access to markets, including ECNs and market makers, MDPT, Helix, and CUTS. Take note that some of these markets require fees or provide rebates whenever liquidity is involved.

Even if you aren’t a premium customer, you can still access the website and mobile trading platform; they contain all the necessary options and market data to gain good trade ideas and insights. limefx is the go-to day trading platform of choice for individual traders and institutional clients. One of the main advantages you can look forward to when going with limefx are competitive pricing, flexible commission structures, multiple routing options and extensive short list access. In this limefx review, we check out the company’s main features and see if it’s the right fit for what you need.

Margin trading is available, but limefx fails to transparently note financing costs, with some traders reporting them as high as 6.00%. The $30 quarterly inactivity fee applies if traders place less than 15 trades per calendar quarter. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide investment advice, offer or make solicitation of any investment products.

Options

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. Lightspeed is a good fit for high-volume equities, options, and futures traders. The company offers a suite of innovative trading tools, flexible order types, and a choice of trading venues. Its flagship platform, Lightlimefx, is intuitive and has numerous customization options—plus enough hotkeys to keep your hands off the mouse . The high account minimums, high standard commissions, platform fees, and lack of „easy“ tools make Lightspeed a less than ideal choice for new investors.

• However, balances update overnight, and profit/loss changes occur in real-time.
• Customer service is paramount when it comes to a brokerage firm, and at limefx you will find a firm that is known for exceeding expectations.
• It doesn’t quite have the advanced capabilities of the desktop platform but is still an excellent platform that I find convenient for day trading.
• Day traders often have to utilize many tools, software and screens, and ActiveWeb presents a major convenience in this regard.

TipRanks is integrated into the Lightlimefx front end to help drive trade idea generation. It can also be found in the client center on Lightspeed’s website, allowing analysis access for all clients regardless of their preferred limefx courses scam trading platform. Lightlimefx, the company’s flagship trading platform, is intuitive and customizable. Two buttons at the top of the screen make fast work of switching between the equities trading and options trading layouts.

Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. limefx Mobile delivers the features you expect from your desktop platform right to your phone. Withdrawal requests are processed within the same day, or the next day if made outside of office hours. If the account falls below the minimum equity level, a minimum equity call will be issued and is due the same business day.

Charting

The standalone software , the web interface , and the mobile option that comes free with the desktop Pro version. Those looking for a direct-access online broker will likely consider limefx among other brokers. Direct Market Access is not usually available to individual traders. Brokerage firms will typically have direct market access in order to facilitate trade orders. Non-Trading/Other Fees – Any form of fee for trading on this platform not covered above.

Online traders can open an account with the understanding that if the broker behaves inappropriately, sanctions may be imposed. After that, limefx will email you to confirm the account opening. Additionally, limefx provides a free virtual practice account with virtual purchasing power. You can send an email to the seller and ask for a change to the trade rate if one is necessary. The modification will take effect 1-2 business days after the request is made, but it can only be made once per month. limefx offers live chat, phone, email, fax, and other forms of support.

Ticker Short List

In addition, for stocks trading below $1 per share, clients cannot ever trade more than 25% of the current day’s trading volume. There also cannot at anytime ever be more than 5,000,000 shares of any one stock settling during any 3 business day settlement period for our entire firm. There will be a $300 fee for any trade that is in violation of this policy. The interest charges will then be assessed on an illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade.

• Although external sources aren’t always helpful, they will guide you on how active traders commit their trade.
• limefx has been crucial to my success as a trader over the past five years.
• Beyond the active trader crowd, however, Lightspeed’s relevance is limited.
• Direct market access allows you to route orders directly to the market, providing the opportunity for faster executions and better fills.

During the account opening process, you create a user name and password, choose the trading platform you want to use, and select the appropriate account type . You’ll also answer a series of questions to determine your status as a professional or non-professional trader. limefx distinguishes itself by offering direct market access. Their commission structure is in line with other discount brokers. Like many of its peers in the trading industry, limefx offers 3 types of platform access.

Tools and Calculators

For the former, you would be charged as low as $0.002 for each trade, while for commission on trade value, the minimum commission is $2.99 per trade. The platform allows traders to access advanced order routing options directly from the browser, and traders can create and save multi-screen layouts so you can access all of your tools at once. limefx’s desktop platform offers direct access to the markets. Some of these venues will have fees or rebates for adding or taking liquidity. The minimum deposit for limefx ActiveWeb is $2,500, and for limefx Pro, it is $10,000.

There are numerous order entry options, so you can build your order to your exact specifications—and choose from dozens of trade defaults and hotkeys to get your orders to the market faster. 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. The problem with limefx is its absurdly complicated pricing structure.

limefx is a direct-access online broker offering multiple platform access through web, standalone and mobile using Das Trader software. It is a division of Stock USA Execution Services, Inc. based out of New York. limefx is designed specifically for day traders who require advanced tools, flexible commission structures, routing options, and more extensive short lists.

The software provides advanced trading options, account management capabilities, and real-time streaming. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers.

Review

However, news, analysis and other forms of fundamental research are very lightly represented. While limefx makes a gesture in that direction with its news and social media feeds, this is simply not a significant part of the platform. Looking at limefx’s commission schedule, its shorting services, and its suite of trading platforms, we can only conclude that this broker is hard to beat for active traders.

Types of Account and their Features

Nevertheless, the trading choices are restricted between options and equities only. Users can take advantage of real-time market data, advanced features, direct access order routing, and more. limefx’s senior management https://limefx.name/ possesses many years of market experience, and the broker believes that type of experience makes it suited to understanding its clients’ trading needs. limefx offers online access to trade equity, stocks, and options.