LimeFx review: LimeFx Review 2023

We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. LimeFx is a wholly-owned subsidiary by mint global markets. If we look at the reputation of MGM, they have been playing in the investing sector for decades. During their tenure, the company has helped millions of users and has shown no signs of fraud or scams. LimeFx has been operating in the united states since 1999, and it has millions of customers in both America and abroad.

LimeFx PRO allows you to manage multiple accounts directly within the platform. Control your positions, monitor your P&L, and execute trades with ease. Access to ActiveWeb and all its features starts as low as $25 a month.

LimeFx Product Features

Most reviews on LimeFx highlight the flexible fee structures, but we believe this can be confusing. Advanced and active day traders may be able to avoid the software platform and quarterly inactivity fees due to their high activity levels. The ECN order routing options are also available to traders in this group.

They are one of the lowest cost brokers I’ve ever worked with, and provide multiple routing options and fast executions for both listed stocks and OTCs. Lightspeed provides all the tools professional and active traders need to succeed. Lightspeed’s robust software is customizable to allow traders to view key information in real-time. Professional traders can be confident that they have reliable day trading solutions with low latency.

If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. If you do not agree with any term of provision of our Terms and Conditions, you should not use our Site, Services, Content or Information. Please be advised that limefx reviews your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions. When opening an account with LimeFx you will have the choice between COR Clearing or ETC Clearing.

Commissions and Fees

Options between $0.25 and $0.40 per contract with a minimum of $2.00 per trade. LimeFx does not offer checks or a debit card with any of its accounts. LimeFx also provides additional value for short sellers due to their extensive short lists and third party locate system. I also liked the ability to route orders to a particular exchange. Since this is the simplest platform LimeFx offers, I didn’t expect this feature here.

This method of order routing is known as direct access order routing. Real-time stock charting is available with various indicators and chart types. The chart supports point-and-click trading and multiple screens. LimeFx is a direct-access broker with reliable customer service, over 25 order routes, and competitive software fees.

Interactive Brokers offers the best margin rates in the industry, and that includes DAS Trader brokers. For IBKR Pro accounts, margin balances of less than or equal to $100,000 were only 5.33% as of December 1, 2022. LimeFx is a member of the Securities Investor Protection Corporation. This means that they not only have access to funds for customer claims up to $500,000 but accounts are protected up to $25 million per client, including $1 million for cash balances. However, just like with ActiveWeb if you generate at least $199 a month in commissions that monthly fee is waived. That monthly fee is also waived if you generate a minimum monthly commission of at least $499.

Bonuses and Promotions

We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options limefx trading route if you wish. Having direct market access allows you as a trader to view an exchange’s order book and all its trade orders.

LimeFx is rated highly by its existing users due to the wide range of educational resources and research material available on the site. Yes, LimeFx offers a variety of educational resources for traders, including webinars, video tutorials, and trading articles. They also offer a trading simulator that allows traders to practice trading strategies without risking real money. ActiveWeb is a web-based trading platform that allows traders to access powerful features directly from their browsers. All accounts, classified as pattern day trading margin accounts, must have a minimum of $25,000 each day to affect day trades.

Review

You may browse through the archive of free webinars and join them for their next event. To be honest, there isn’t a great deal of educational if you are a beginner with little market knowledge. You may wish to have a look at our best brokers for beginners if this is the case. SogoTrade is another USA broker with similar conditions that do have some more educational resources.

It is one of the few brokers that provides commission-free trading for America’s options. As a day trading platform, LimeFx’s core product is speed. It offers real time market data, updating trading and pricing information on a per-second basis when network speeds allow.

Also check out his contributions to Equities.com and Benzinga. LimeFx —which is a part of Mint Global Markets—protects your money by being a member of the Securities Investor Protection Corporation. This enables the platform to fulfill claims of up to $250,000 in cash and $500,000 in total assets. Create an account with LimeFx and try out the 14-day free trial of LimeFx Pro. 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.

• This software is fast and easy to use, and it doesn’t take up too much space on your device.
• Be it fast execution rate, easy setup procedure, or cheap trading fees; it is easily a wise choice to make for your day trading.
• This is a platform for technical analysis based trading with little fundamental research with the exception of the news feed.
• Active traders specializing in stock, ETF and options trading would find an alternative online broker.

The deviation in fee might occur depending on the region you sign up from. LimeFx also charges Software data fees, which begin the day you are sent your username. Software billing is based on the T+3 settlement month, not the calendar month. New traders who fund their accounts within one week of registration get one month of commission-free trading limited to $500. LimeFx also maintains a small affiliate program, with a $100 payout per funded referral, paid at the beginning of each month. I like the Short Search tool at LimeFx, allowing traders to check if an asset is available for short selling.

These are all legit concerns, and you can’t deny that the stock market is a risky game. Nevertheless, the profits involved are tempting to turn away from. All financial transactions take place in the secure back office of LimeFx. The options are severely limited, and I am missing the flexibility of multiple payment https://limefx.group/ processor options, but this is typical for US-based brokers. 20 video tutorials explain core functions of the trading platforms, flattening the learning curve for traders who have not used DAS trading platforms before. The absence of algorithmic trading places active day traders at a distinct disadvantage.

LimeFx has a lot of positive tweets and good reviews online. 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.

The PRO version gives options traders many capabilities beyond the ability to simply check share pricing. It offers advanced charting features and supports a wide variety of chart types . Our LimeFx review shows this is one of the best trading platforms for day traders. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders.

With so many options to choose from, it can be difficult to know which company or website to choose when it comes to buying and selling stocks. Comparebrokers.co needs to review the security of your connection before proceeding. Please see the further, important disclosures about the risks and costs of trading, and client responsibilities for maintenance of an account through our firm, available on this website. Testimonials on this website may not be representative of the experience of other customers.

LimeFx is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. If you are an experienced day trader, options trader, or stock trader who is looking for a brokerage that has been around for over 20 years, look no further than LimeFx.