LimeFX Review 2022: Fees, Services & More

LimeFX have a great selection of tools that empower your trading and assist you with conducting in-depth market analysis to help you reach your full potential. Active traders can’t afford to settle for anything short of the best tools. LimeFX offers state of the art platforms that are designed specifically for active traders who demand advanced trading tools and uncompromising technology. I found the platforms to be loaded with more tools than most traders will ever need. You can customise your chart templates to be as simplistic or complex as your strategy requires.

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. Since day traders thrive on making small profits on a substantial number of trades, commissions and fees play a significant part in the decision-making process limefx official site when choosing a trading platform. The LimeFX Mobile trading app including advanced charting, news, level 2, options chains and order management. 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.

At the time of writing this LimeFX review, and despite LimeFX’s impressive offering, the company has surprisingly not garnered any awards to date. Another concern with online brokers is in respect to safety may be manipulation of trading. Nonetheless, this is more prevalent in the case of Market Maker brokers who compete with customers on the platform. LimeFX has over 191 trading tools to support all types of traders.

These fees are subject to change at anytime and those changes may not be accurately reflected on this page. 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.

I found all of the platforms to be some of the best in the industry, user-friendly enough for beginners but powerful enough to satisfy professional traders. However, I was quite disappointed to find that the premium platforms require a monthly subscription unless you are meeting specific trading volume requirements. That being said, free trials of the platforms are available upon request. I would like to see them implement the MetaTrader platform as this is popular amongst day traders but can’t really complain given the quality of the LimeFX platforms. The majority of LimeFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options.

If you wish to exchange with LimeFX, you’ll need a minimum deposit of $250. This deposit is mandatory if you want to start trading using LimeFX. This 2022 LimeFX review will direct you easily about trading with them.

Does LimeFX have fees?

TweetShareShareEmailUnder the name Mint Global Markets, Inc., LimeFX began its operations as a stock market broker in 1999. The company is currently subject to FINRA’s regulation and is a shareholder in the Securities Investor Protection Corporation . LimeFX offers trading software with a direct connection to reputable exchanges and online trading platforms with a selection of analytical tools. LimeFX’s social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it.

In the world of stock investing it is not uncommon for a platform to offer new users, or users of certain categories, a free stock for joining the platform. An Islamic broker account is a halal trading account available to clients who revere the Quran and seek to invest in the Islamic stock market using Islamic finance principles. Traders with Islamic accounts do not pay or earn interest rates since Sharia law prohibits the accrual of interest. Some withdrawal fees are out of the control of LimeFX and may be due to 3rd party payment providers and your account base currency. A LimeFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through LimeFX which acts as a financial intermediary.

The LimeFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The LimeFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds. LimeFX is part of Mint Global Markets, Inc., who is a member of SIPC and FINRA. The company specializes in day trading and institutional clients, and offers competitive pricing with a suite of trading platforms. LimeFX has been in business since 1999, making them one of the older direct access brokers.

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Control your positions, monitor your P&L, and execute trades with ease. The SIPC is an investor protection scheme that was established to help protect you against the loss of cash and securities in case an online broker cannot fulfil their financial obligations. The SIPC protection is limited to $500,000 with a $250,000 limit for cash. However, I recommend going through their terms and conditions since they’re pretty specific on who is eligible for this compensation. 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.

  • Choose from a full range of chart types including Price, Candlestick, and more.
  • To summarize this review, LimeFX is a decent option for day traders.
  • A LimeFX stop order is an order that a trader places to buy or sell a stock once the price of that stock reaches a pre-determined price, known as the ‘stop price’.
  • Areas of the LimeFX app and afford users the opportunity of setting price alerts.
  • TweetShareShareEmailUnder the name Mint Global Markets, Inc., LimeFX began its operations as a stock market broker in 1999.

While some bonds are traded publicly through LimeFX, most trade over-the-counter between large broker-dealers like LimeFX acting on their clients’ or their own behalf. Yield is therefore based on the LimeFX purchase price of the bond as well as the coupon. The LimeFX user interface is what LimeFX traders will see and interact with first when trading with the LimeFX trading platform. The goal of the LimeFX trading UI is to make the LimeFX user’s experience easy and intuitive. The LimeFX application has good user experience and a good level of customer satisfaction. Make sure LimeFX is correct for your LimeFX purposes.

FitR (FMT) Announces the List on Cryptocurrency Trading Platform MEXC

Markets change quickly, and you need to be able to execute an order instantly. Before using LimeFX, think about how easy it is to use for your personal needs. Does the LimeFX platform offer real-time updates or delayed updates that are more informed? Remember to check if LimeFX is well regulated, and what tradeable financial instruments LimeFX has. Security is very important when it comes to trading with LimeFX. LimeFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

LimeFX offers access to 4 third-party locate services so you have access to the best short lists. 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 . Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets.

LimeFX promises “fast trade executions” on this platform, so presumably it is faster than ActiveWeb. Choose your LimeFX trading platform options and membership level. CTrader, like MT5, has more advanced trading tools and indicators.

Keep in mind that you won’t be able to trade futures or Forex. 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. 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.

  • This also extends to limited news feeds and an in-window Twitter feed that can show relevant results for any given asset.
  • Day traders find customer service of critical importance, and it is safe to say that it doesn’t disappoint.
  • The pricing of the cryptocurrencies on exchanges are based on current market prices.
  • The first program we’re going to look at is LimeFX’s browser-based trading system.

To summarize this review, LimeFX is a decent option for day traders. Other investors will find the brokerage firm hard to justify due to its minimum opening deposit requirement and lack of financial products. As a day trading tool, LimeFX offers the ability to choose how your orders are routed.

Although the platform is rather simple, this is an advanced feature that will appeal to day traders and 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. COR offers discounted rates for accounts that place more than 400 trades in a month.

Is A Demo Account Available On LimeFX?

One of the most notable features of LimeFX is its customisability and search functions. LimeFX web trading is the process through which traders can open and close positions online without downloading software. Using a web browser, investors and trading can follow bid-ask spreads, place take profit orders, or place stop loss orders, and track any positions that have been executed. LimeFX offers traders the ability to use charting tools with over 60 technical indicators.

This coverage does not protect against loss of market value of securities. The platform delivers streaming Level 2 and Time and Sales data in real-time. Customize your settings, link to your charts, and place orders directly from the Level 2 screen.

LimeFX review

LimeFX cryptocurrency fees include a fee for the Maker and Taker . For active traders, the best platforms will have ample tools and research on hand. We particularly recommend the ones that offer you a way to test a strategy and see how it might play out – before actually committing to the trade. Make sure that any platform you’re considering has the tools you anticipate needing, from fully-featured mobile apps to access to reports and other data to guide your decision-making. 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.

How does LimeFX make money?

Even so, LimeFX does not have assured stop-loss protection. The LimeFX phone support team were able to successfully address our questions and issues over the phone. We tried the multilingual LimeFX team by making calls in various languages.