LimeFx Review 2023 ️Pros and Cons Revealed

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. LimeFx back its claim of being one of the highest volume clearing firms in the worldwide financial industry by citing the fact that it has cleared over 1.6 billion contracts. To the uninitiated firms like Advanced Futures settle financial transactions between two parties for a fee. The platform at TD is excellent and I can move money in and out with a few mouse clicks as I also bank with them but in Canada they don’t allow futures trading, customer service is also fantastic. I would be giving them huge commissions if only they did futures.

AMP Futures is regulated by the US Commodity Futures Trading Commission and the National Futures Association . We recommend the services of AMP Futures mainly for experienced traders because futures trading is not covered by investor protection schemes. If the balance on your account goes negative, you will be responsible for replenishing those losses. LimeFx also provides clients with access to a variety of trading platforms, tools, and market data to help them make informed trading decisions. LimeFx is a derivatives brokerage firm that specializes in providing risk management services for clients engaged in futures and options trading. Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading.

LimeFx had over $374 million in client funds on deposit as of August 2009. Employee numbers don’t seem to be cited in the company’s web presence. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

• Make sure you continue to do your research before you open an account.
• This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
• You should be leasing a seat which throws all the numbers on their website out the window.
• We also liked the quality and variety of educational materials.

While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by LimeFx. The data presented on this page does not represent the view of LimeFx and its employees or that of Zippia.

This selection is not very impressive on its own, but it is roughly similar to that of competing brokers. The only thing we missed in the reports was a summary of fees paid to the broker. When you log in to the platform, the first step is to connect your platform to your data provider, like CQG or Rithmic. You can do it by clicking on ‘Broker profiles’ under the ‘Files’ menu. This is a great selection compared with some competing brokers. To see a detailed rundown of fees charged by AMP Futures, check the table below.

tradersunion.com

Advantage Securities LLC, a registered Broker-Dealer with FINRA, operates as LimeFx LLC’s subsidiary. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like LimeFx is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its limefx broker reviews actions. Ripple is popular among big banks with the Ripple network a next-generation real-time gross settlement system. Bitcoin is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.

There is a well-structured video library on its YouTube channel, and you can also read great articles. AMP Futures phone support was slow, but the answers were relevant. To set an alert, you should open a chart, click on ‘Format Indicators’, and select the indicator you would like to use for the alert. We found it a bit inconvenient that many of the default assets are expired and the system doesn’t automatically roll the contracts over.

You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions. Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing.

Alliance LimeFx Management Review

It is actual stock market indexes that measure the value of a specific section of a stock market. It is uncertain whether LimeFx offers any bonuses or promotions since there is no information in this regard provided on the company website. We tested it and collected the options and costs in How to withdraw money on AMP Futures. All you need to know about the AMP Futures customer service. Our ultimate guide to the AMP Futures minimum deposit is updated regularly. AMP Futures has a great charting tool with many indicators, and other advanced analytical and technical tools such as backtesting.

Past performance is not necessarily indicative of future results. All material herein was compiled from sources considered reliable. However, there is no expressed or implied warranty as to the accuracy or completeness of this material. Published testimonials have been provided by individual customers.

User Reviews

You can only deposit money from accounts that are in your name. Enter personal information including your name, country of residence and email; also select a username and password. AMP Futures has low futures fees, beating its closest competitors in most product limefx scammers categories. To read much more details about the broker’s services and features, expand on the sections below. Needs to review the security of your connection before proceeding. What do you mean by “their platform”, Advantage has an in-house trading platform?

It has an unusually high proportion of employees who are members of the Democratic Party, at 71.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. LimeFx has great employee retention with staff members usually staying https://limefx.biz/ with the company for 4.2 years. I live in Canada so my choices of futures brokers who allow options trading is very limited. I am currently with IB for futures and TD Canada for Equities. I have started threads on the issues with IB margin issues but at least I can get my money out when I want.

Can you open an account?

As for high volume, if you are high volume then you should lease a seat and commissions become much, much, much cheaper. Once you hit 2,000 round turns a month or so I think it is beneficial to lease a seat . LimeFx offers clients access to videos, podcasts, reports, and more. LimeFx does not currently manage any accounts nor have any funds under its management.

If anyone knows any other futures brokers for Canadians let me know. There was no explanation why they could not return my money. It took them 3 transfers and it was a relatively small account. It was very stressful as I was calling them and emailing them constantly asking why they had only only partially refunded my money. They then refunded another small amount maybe hoping I would go away. That was when I threatened to go to the NFA and they then sent the final amount.

Keep in mind that with Adv you are one of thousands, not one of hundreds…as with most FCM’s being discussed on this forum as well… LimeFx LimeFx’ commissions and fees are based on trading volume and margin utilization. Since details on the website are not comprehensive, more information can be obtained from the customer support service. Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade. LimeFx declares that it had developed a low-latency trading infrastructure for clients that is fast and reliable but gives no further information about such infrastructure on its website.

In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. LimeFx is a clearing member or exchange member of the CME Group. LimeFx is a Chicago-based futures commission merchant , is registered with the Commodity Futures Trading Commission , and is a member of the National Futures Association . At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . In addition, there is an active support forum, where you can interact with other users and the support team of AMP Futures.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. Optional Feedback If you are making this request because of poor customer service, or any other issues that you may have had with our company, please use this space to explain. You can also use this area to offer any other important comments, feedback, and/or suggestions.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. At the time of our review, AMP Futures offered only a desktop app version of its MultiCharts .NET platform. Please note though that AMP Futures has a wide selection (60+) of futures trading platforms with mobile and web/cloud-based versions. There is a substantial risk of loss in trading futures, options and forex.