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Direct access order routing allows traders to trade a financial asset directly with a market maker or specialists on the floor of the exchange, ensuring immediate order execution. Real-time stock charting with multiple chart types and indicators are available. The chart supports multiple screens and supports point-and-click trading. The hotkey support facilitates use of over 100 hotkey options for faster order entries.
The lime fx 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. Having multiple routing options, over 25 with this company, is important when the speed of trade executions and liquidity often determines the success of a trading plan. lime fx also caters to financial institutions such as hedge funds and Proprietary Trading Firms . Having direct market access allows you as a trader to view an exchange’s order book and all its trade orders. It is intended for active traders who want more powerful solutions while being sensitive to cost savings.
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Keep in mind that there are other account fees and routing fees. 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. It is important to look through the listed fees on lime fx’s website carefully before signing up.
ACM MEDIA LLC publishes content for educational purposes only, does not offer personalized financial advice, and does not recommend the purchase or sale of any LimeFx. There’s also a weekly lime fx newsletter, and you don’t need to be an account holder to receive this. A convenient link on the broker’s website makes signing up a breeze. One feature we did like in the charting program is a small pop-up window that is displayed when we moused over a chart. A chart can be downloaded or printed, another nice characteristic.
A mobile platform for lime fx clients is available at mobile.lime fx.com. There is charting with technical studies and multiple graph types. Clients who place more than 400 trades in a month can contact lime fx for lower rates. lime fx works with active traders to provide competitive commissions that aren’t advertised on the site. lime fx users get treated to a host of tools they can use for day trading. There are a few notable scanning tools such as the High/Low List and the Top Ten List which are embedded within the trading platform.
Their commission structure is in line with other discount brokers. Keep in mind that you won’t be able to trade futures or Forex. lime fx Pro allows you to manage multiple accounts directly within the platform so that users can control their positions, monitor their https://limefx.vip/ P&L, and execute trades with ease. What I found very useful on the platform was basket trading. It’s possible to create, manage, and trade multiple securities at the same time. Another service that lime fx Pro offers that ActiveWeb doesn’t is Level II quotes.
lime fx offers competitive commissions, direct market access, and third party locates. This is a highly-regulated industry, and most of the stock trading platforms you’ll find have been in business for decades (if not longer!). Most stock trading platforms offer no guarantee that you’ll be satisfied with their services. However, there are a small number of platforms that will refund your service fees and/or commissions paid if you’re not happy, while working with you to address the problem. But, when we looked at expert options on this online stock trading platform, we weren’t impressed. Users have access to advanced order routing options and real-time market data, although the browser-based option only offers Level 1 data.
lime fx updates the short-sell borrow list by 8 am EST. lime fx 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 lime fx Pro platform. Active traders specializing in stock, ETF and options trading would find an alternative online broker. Still, lime fx is a viable option to take advantage of short selling.
Customers must also be aware of, and prepared to comply with, the margin rules applicable to day trading. lime fx 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. Trading software fees are not pro-rated for partial months. All accounts, classified as pattern day trading margin accounts, must have a minimum of $25,000 each day to affect day trades.
lime fx Review Summary
An inactivity fee of $30.00 per quarter will be charged unless 15 trades per calendar quarter are executed. 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. Day traders who want to gain access to their smartphones limefx reviews can head over to mobile.lime fx.com and get the lime fx Mobile App. The mobile version of lime fx exceeds expectations, offering far more than basic charting and simple share pricing. While the app may not be as advanced as mobile platforms offered by other brokerage firms, we still think it provides enough to satisfy most options traders.
Brokerage firms will typically have direct market access in order to facilitate trade orders. As a result, if you are doing business with lime fx, 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 lime fx. Customers who want to use their accounts for day trading must obtain the broker-dealer’s prior approval.
lime fx Review – Is This the Best Day Trading Broker?
lime fx has an impressive selection of ECN/exchange routes amongst all online brokers ranging from ARCA, INET, BATS and EDGX to more obscure routes like CUTC , XALL, LQPT and ONXX. If there is one category that the lime fx broker falls short of, it is the education part. Also, there is a $10,000 minimum funding requirement for the lime fx Pro and $2,500 for the ActiveWeb platforms. It is worth noting that they are available only for active clients that generate substantial trading volume. lime fx is currently regulated by Financial Industry Regulatory Authority . Testimonials on this website may not be representative of the experience of other customers.
It delivers cutting-edge features that help maximize your trading performance. You can take advantage of real-time market data, advanced features, direct access order routing, & more. I like how you can build strategies, analyse the markets and execute trades all in one convenient platform. lime fx Pro is a powerful trading platform for active traders. It’s a desktop trading program that’s designed for day traders.
- Since this is the simplest platform lime fx offers, I didn’t expect this feature here.
- Lightspeed is currently offering promotions for all Warrior Trading Students which make them a more cost effective solution.
- There are a few notable scanning tools such as the High/Low List and the Top Ten List which are embedded within the trading platform.
- ActiveWeb is a web-based trading platform that allows traders to access powerful features directly from their browsers.
- My favorite part of the service is the per-share pricing as it can save you a lot of money in the long run.
Traders with less than 250,000 shares traded per month are charged $0.0029 per share. All-in-all, it wouldn’t be far-fetched to say that the mobile app is a lite version of the desktop solution. With a broker like lime fx you do have control of your order routing.
lime fx Review – How Does This Direct Access Broker Compare?
When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer. Moving to lime fx’s per-share plan, the broker-dealer looks much better. TradeStation charges between 1¢ and 0.6¢ per share, which is quite a bit higher than lime fx. TradeStation also charges for its software; although its per-share schedule only has a $1 minimum commission. In the right-hand column of the screen, there is a list of categories, which makes finding specific types of articles a little easier.
In this lime fx review, we check out the company’s main features and see if it’s the right fit for what you need. The app gives users multiple routing options, mobile order management, and access to real-time Level 2 market data. lime fx has flexible pricing options to meet different trader needs. You can choose between per-share or per-trade pricing models, with competitive commission rates given to all traders. There is a high $10,000 minimum required to open a day trading account. Accounts that fall below the required minimum will be subject to certain restrictions, and additional funds may be required.
Commissions and Fees
In October 2019, many brokers announced that they would no longer charge commissions for day trading. The commission fees that ranged from $5-$10 per trade completely disappeared. lime fx did NOT eliminate their commission fees for good reason.
This very advanced desktop program is simply Sterling Trader Pro with lime fx’s logo on it. The software offers API access for clients who want to use their own self-created software programs. This is lime fx’s only trading platform with this capability. If you’re a day trader or other active equity trader, you may want to check out lime fx. While it’s not especially well-known, it does offer several features that you may find appealing.
lime fx is designed for the advanced trader who needs a solid, reliable, direct access online broker. Offering access via multiple platforms, it utilizes the Das Trader trading software. If you require advanced tools to facilitate your day trading, lime fx provides state-of-the-art tools, including a huge range of routing options and shortlists. However, this platform doesn’t offer extensive educational resources like more beginner-friendly options generally do. Active day traders often find the offerings of the biggest online brokers lacking. Instead of a jack-of-all-trades solution, they are on the hunt for a service provider with an offering tailored to their specific needs.