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. It is generally well regarded among day traders, including those who also use algorithmic trading as part of their investing tactics. 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. ECG Pte Ltd () is an independent publisher and comparison service, not an investment or financial advisor.

Also, the lack of bonds and mutual funds means the broker may not appeal to casual investors looking for a diversified portfolio. If you’d like to take a broader look at all your options for online trading platforms, use a free brokerage comparison tool to find the best fit. The High/Low Hit List and Top Ten List embedded scans are personally the best research tool for intra-day traders. This is a platform for technical analysis based trading with little fundamental research with the exception of the news feed. If you’d like to take a broader look at all your options for online trading platforms, use a freebrokerage comparison tool to find the best fit.

Investing is a game of patience; sometimes, you might have to slow your pace and understand the pattern to avoid losing money rapidly. Losses are a part of life, but their lesson would help you be a better https://limefx.club/ trader. Withdrawal requests are processed within the same day or the next day of made outside of office hours. The withdrawal time will vary depending on the payment provider and the selected method.

Types of Account and their Features

Founded in 1999, limefx is a New York based online stock broker specializing in online trading services who have been serving active traders for several years. They are able to cater to the specific needs of both retail and institutional clients including hedge funds and high-frequency traders . All limefx trading platforms have a monthly fee that’s waived off if your account meets the required commissions for that particular month. 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). Day traders who want to gain access to their smartphones can head over to mobile.limefx.com and get the limefx Mobile App.

• Lightspeed doesn’t track price improvement, and the platforms don’t support any backtesting or trade automation capabilities.
• At time of writing it offered 25 different options for investors to select from, based on the best and fastest choice at any given moment.
• Each trader should check the costs applicable to them while familiarizing themselves with all existing fees.
• It is described that the procedure is smooth and quick, which has helped users grow their profits.
• Below is an in-depth review of limefx to help you make an informed decision before opening your account or trading on their platform.

AXOS Clearing accounts get an additional insurance policy of $99.5 million. 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In this limefx review, I’ll cover what limefx has to offer and my honest opinion about them. limefx was founded in 1999 and is a division of Stock USA Execution Services, Inc. . Stock USA is a New York based broker/dealer and a member of FINRA and NFA.

Real-time data, news, real-time Level II quotes, order management, options chains, and advanced charting are all available on the platform. Just as they have done with the Web based platform, they have packed a very robust trading application in a small package. Many of the brokers we reviewed also gave us live demonstrations of their platforms and services, either at their New York City offices or via video conferencing methods. Lightspeed offers numerous trading idea generators and ways to find your next trade.

Costs

Choose from a full range of chart types including Price, Candlestick and more. FINRA lets you participate in the financial markets with confidence by helping to safeguard its integrity. It is a non-governmental organisation that regulates member brokerage firms and exchange markets. Platform fees (waived for those who generate commissions of $199 that month).

• Margin trading is available, but limefx fails to transparently note financing costs, with some traders reporting them as high as 6.00%.
• Take note that some of these markets require fees or provide rebates whenever liquidity is involved.
• limefx is a US-based online brokerage for active traders who are looking to trade stocks and options.
• The core of Lightspeed’s services is a stable platform with exceptional order execution.
• limefx accepts clients from the USA and some other countries.

The fees are waived for accounts that generate a minimum level of commissions. This type of commission and software structure is quite common for brokers marketing to day traders, like Lightspeed. I like that limefx chose a niche and developed trading platforms specifically for active day traders. Beginner traders might feel limefx cheating overwhelmed by the complexity of limefx Pro, while the web based limefx ActiveWeb fails to include Level II data. Trading a financial asset directly with a specialist or market maker on the exchange’s trading floor ensures immediate order execution. This method of order routing is known as direct access order routing.

Money

If you’re an overseas account holder and/or if you don’t actively trade, you’ll pay a monthly fee of $30. The brokerage waives software fees if your account meets a fixed commission per month. If the minimum commission is not generated by the account, software fees works out to $25 per month for the web platform, $49 each month for Pro Level 1 and $104 per month for Pro Level 2. 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. Users have also complained that the platforms are often too complicated to start and may demotivate traders.

The most advanced software the brokerage firm offers is Sterling Trader Pro. In addition to direct-access routing and sophisticated charting, the platform provides stock scanners that use real-time data. limefx does not have account types in the traditional sense but offers subsidiaries, two trading platforms, and two trader classifications. The combination of those six variables has a direct impact on trading costs and available assets. Dailylimefx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

limefx Security

The organization was listed with the securities investor protection corporation, making it a reliable and safe spot for your investment. limefx has earned a positive reputation for its quick service, fast execution, and low costs. limefx’s online trading platforms and software are powered by DAS INC, an industry leader in direct access trading technologies. These video tutorials will show you how to use limefx’s various stock trading platforms and software.

• Stand-alone research services can be costly, so free with an account is a big bonus.
• Long term investors will be better served at a more formal retail brokerage like Charles Schwab, who recently bought TD Ameritrade to join forces.
• We found this to be surprisingly competitive when compared to other brokers.
• The latest platform hosts more than 50 technical analytics that has helped active traders research and good deals.
• limefx is a US-based broker with premium trading platforms and powerful tools for active traders.
• Food and Drug Administration led Spero Therapeutics Inc. to pause work on a drug and lay off 110 people, the company is licensing that same drug to GSK plc for up to $291 million.

I find these conditions to be quite pricey but acceptable considering the trading conditions and support you get access to. This platform is provided by Das Trader and offers a nice range of tools. limefx offers direct market access so you can trade stocks, exchange traded funds and options. Direct market access allows you to route orders directly to the market, providing the opportunity for faster executions and better fills.

There’s also a decent amount of customization, allowing users to select a look and feel that suits them. The platform has received mostly positive feedback, and it will satisfy the needs of experienced traders. While lacking the 24 hour customer support that you may find that other firms, they do have an excellent rating at several of the my brokerage account reviews. Beyond that, they have been around since 1999, proving their worth over the long term. You’ll find a limited selection of technical indicators and drawing tools and a decent variety of chart types and time frames.

Ross Cameron’s experience with trading is not typical, nor is the experience of traders featured in testimonials. Becoming an experienced trader takes hard work, dedication and a significant amount of time. We recommend traders check out Lightspeed Financial as an alternative to limefx.