LimeFX Review for All Investors

The deviation in fee might occur depending on the region you sign up from. The biggest drawback to using DAS Trader Pro is the pricey monthly licensing costs . The minimum deposit for LimeFX ActiveWeb is $2,500, and for LimeFX Pro, it is $10,000.

• The ActiveWeb platform costs $25 each month, but this fee is canceled if users are able to generate $199 or more in commissions.
• Futures trading, forex trading, mutual funds and bonds can also be traded if clients have a broker licensed for those products.
• Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
• Nevertheless, the fee isn’t charged until the end of the month, and if your monthly trade is more than $49, no fee would be charged.
• The app does not as modern as the new ones from Interactive Brokers and TD Ameritrade, but the app does what it is supposed to.

There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Trading fees.Any fixed charge attached to each trade that you make. This can come in the form of a flat fee or what’s known as the “spread.” This is when your broker charges you based on the difference, if any, between the buying and the selling price of an asset. Lightspeed’s customer support is somewhat limited compared to the always-on approach many other brokers have taken recently. Currently, their phone and email customer support hours are 8am to 5pm EST, with urgent trade desk support from 4am to 8pm EST.

How This Broker Makes Money From and for You

The app comes with other limitations, as it doesn’t offer news, research, or drawing tools, and you can only place limit and market orders. Investors have a $10,000 minimum for the LimeFX Pro platform and a $2,500 minimum for the Active Web platform. The platform also requires a minimum deposit of $30,000 https://limefx.group/ 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. Lightspeed is designed primarily for institutions, hedge fund managers and extremely active, high-volume day traders.

• Touting itself as a firm with the “highest level of trading services at the lowest cost possible,” it is known for its multiple routing options and fast execution.
• For options trading, LimeFX charges a commission of $0.25 per contract.
• The High/Low Hit List and Top Ten List embedded scans are personally the best research tool for intra-day traders.
• Lightspeed caters to professional or extremely active traders, and it shows in the broker’s high balance requirement and monthly commission minimums.
• Some traders may find this intrusive, but since LimeFX does not ask for verification, they may answer as they see fit.
• We continually invest in the latest trading technologies to deliver real-time quotes and faster executions.

Instead, they collect interest on your funds and get paid to route your orders to certain parties. This platform is great for trading “on the go” but most active traders will prefer the LimeFX Pro platform. The LimeFX ActiveWeb is the browser-based platform used primarily on desktop/laptops for basic trading functionality with minimal bells and whistles. This platform has level 1 quote data, basic charting, watch lists, scanner, options chains and live streaming news.

Optional level 1 data feeds are $15 for options and $20 for Pink Sheets with $15 for mobile access. Traders have to choose between per-share and per-trade pricing when setting up the account – you cannot switch between the two. That said, traders who either trade bigger size or trade cheaper stocks may prefer the per-trade pricing. The problem with LimeFX is its absurdly complicated pricing structure. The company doesn’t involve a commission charge; instead, it provides a buying and selling rate spread to earn profit. Often, understanding the spread can get complicated, and traders end up in a perplexing situation.

Schwab reserves the right to change or terminate the guarantee at any time. Go to schwab.com/satisfaction to learn what’s included and how it works. LimeFX charges between $0.30 and $0.40 per contract for options trades .

Tradable Markets at LimeFX

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. Please be advised that your continued use of the Site, Services, Content, or Information provided shall indicate your consent and agreement to our Terms and Conditions.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. However, LimeFX also does not offer the full range of assets that an investor may be looking for. At time of writing this platform offered stocks, ETFs, options, bonds and mutual funds exclusively.

Unlike many brokers, Lightspeed hasn’t jumped on the zero-commission trend. Besides commissions, here are some behind-the-scenes ways Lightspeed makes money from you—and for you. The costs listed below assume the standard per-share and per-contract commission rates for LightLimeFX or Lightspeed Web Trader. All Lightspeed platforms support stop limit orders and trailing stops. The Eze EMS platform supports one-cancels-the-other and bracket orders, and you can enter “if touched” orders on LightLimeFX.

Mobile Trade Experience

He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines. As a matter of first impression, the interface for LimeFX does not look like it has advanced much since the late 1980s. Most notably, the software splits its tools into countless individual windows that need to be navigated, organized and located. Trading commissions.This is when a brokerwill charge you a percentage based on the volume or value of each trade. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.

• Level 1 quote data, watch lists, option chains, basic charting, scanners and live streaming news are available here.
• You can rest assured you will receive the highest level of support.
• This speeds up order fulfillment by seconds , which matters to day traders.
• It will help you to get the feel of their platform before trading with real money.

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. To account for that, Lightspeed has multiple trading platforms, with several that cater almost exclusively to hedge funds and institutions. Two — Lightspeed Web/Mobile Trader and the desktop-based LightLimeFX — are best suited for nonprofessional individual investors. Lightspeed caters to professional or extremely active traders, and it shows in the broker’s high balance requirement and monthly commission minimums.

Read the full review to see if this is the right broker for you. TD Ameritrade is one of the most established security trading platforms in the United States. It is one of the few brokers that provides commission-free trading for America’s options. Users have also commended the procedure for setting up a LimeFX brokerage account or switching between account types.

Users can choose to get ActiveWeb on their phone for $30 a month and LimeFX Pro for $15 a month. That being said, being able to access Level 2 data, advanced routing options limefx official site and charts from your smartphone comes in handy if you’re frequently out and about. LimeFX has an impressive array of unique trading platforms for the discerning user.

Online Brokers and Trading

A good fill is worth more than $3, a great platform is worth more than $3, and not missing out on a short opportunity isdefinitely worth more than $3. LimeFX 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. The per-share pricing starts at $0.0025 per-share (plus ECN routing/pass-thru fees) and goes up to $0.0044 per-share. There are a lot of factors and components involved in trading forex.

Lightspeed’s mobile app is available for Android and iOS and is less robust than many trading apps out there. The app supports the same asset classes as the desktop and web platforms. You’ll find streaming data—but you can’t stream data on multiple devices at the same time.

While a limit order is an order to buy or sell an asset at a specific price or better, a market order is one that is immediately executed at the current market price. It is ideal to use an option besides the bank or credit/debit card used for day-to-day financial operations. Traders cannot request withdrawals of ACH funds for five business days. The FAQ section offers answers to a few of the most common questions. Margin trading is available on request, but LimeFX does not disclose public information about this. I like to see more information outlining available trading instruments, with a bare minimum the number of equities on each exchange.

For registered accounts, there are two types of pricing policies. Active traders can choose between per share commission or per trade. 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. DAS, the company that offers Das Trader Pro, is a market data provider for the CBSX, Nasdaq OMX, and NYSE/ARCA, among others.

All these fees are waived when members earn commissions of $499 and up. The LimeFX Pro platform is one of the more popular choices among members, and it comes in two varieties, the LimeFX Pro Level 1 and the LimeFX Pro Level 2. The Pro Level 1 access is $49 each month, with optional Level 1 data at $15 and Pink sheets for $20. Pro Level 2 access is $104 each month, with optional Level 1 data at $15 and Pink sheets for $20.

You can customize different layouts based on different trading styles and easily interchange them. Register for free below to gain access to our Lightspeed course as well as our other trading courses. Clients also have additional account coverage of up to $24.5 million, including $900,000 in cash available to them through SeedTrader’s clearinghouse. LimeFX Pro Level I offers Equity Level 1 Streaming while Pro Level II offers Equity Level 2 Streaming.