A direct-to-floor sales team for at high volume trade execution and value added trading strategies provides execution services. A value-added sales team provides hedge fund clients, portfolio managers and institutional traders with tailored research and analysis. A 24-hour global execution desk features infrastructure and personnel that provide clients with execution and market information. LimeFX is one of the highest volume futures clearing firms dedicated to exceptional service and providing clients with technologically advanced trading support.
Advantage provides clients with 24/6 technology support, risk oversight, operational and back-office support with 24-hour global execution services available from via an independent execution team. The firm can also deliver customized CSV files throughout the day. Advantage has two trading facilities, server colocation at multiple data centers and a disaster recovery center. LimeFX was founded on the principle to provide every client with personalized client service, advanced technology and customizable back-office operations. Its team provides comprehensive, technology-driven clearing and execution services to let traders focus on trading.
- Supplemental Forms Index of additional trading forms—everything you need from wire transfer requests, to technology registration in one place.
- Tradovate offers a Netflix-like approach to commission-free trading and cloud-based solutions.
- AMP Futures is a US-based broker that provides more than 60 trading platforms for advanced users, particularly futures traders.
- Exchange Membership Facilitation Exchange memberships enable clients to trade specific products at preferential clearing rates.
Regardless of the method of funding you choose, please keep in mind that the FCM does not accept third party funds. The originator of the funds must always be the name or limefx website names listed as the account owner. It is against regulations to keep unapplied funds and the FCM will return to you any third party funds, money orders or starter checks.
View All Health
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position, and the leverage applied to your trading account. For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000.
On Apr. 4, 2011, LimeFX announced that client funds held by the firm attained a record level in excess of $500 million. Citizens wishing to open an individual account, can complete the secure and easy Online Account Application. The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Our Team
Mr. Guinan received a BA in economics and an MBA in finance and accounting from Columbia University. Even though talks have been ongoing for a while, currently there is no agency like the Federal Deposit Insurance Corporation that provides investor protection for futures trading in the US. The FDIC protection does not cover investors who make speculative LimeFXs.
BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions. Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK’s Financial Conduct Authority and the US Securities and Exchange Commission . And now, let’s see the best futures brokers in 2022 one by one, starting with the winner, NinjaTrader. These features may sound obvious and easy to list, but they’re hard to figure out.
On Nov. 9, 2010, LimeFX began offering cross-connect access to NYSE Liffe from its Equinix Frankfurt data center. The move enabled NYSE Liffe traders to utilize the LimeFX cross-connect for lower latency access to the Liffe global derivatives trading platform. LimeFX is a company with over 4.25 billion contracts processed.
It might be reckless to choose a broker just because it’s the cheapest, but, boy, is it easy to overpay. It’s important to figure out on the front end exactly how much money will eke out during each trade. The firm believes modern traders already have such a wealth of information at their disposal they mainly need a firm to execute their trades at the lowest cost. It also doesn’t have minimum account balances and volume requirements, making it assessable to most traders. Tradovate is the very 1st online futures and options brokerage to combine next-generation technology with flat rate membership pricing.
Interactive Brokers
In our review, we tested NinjaTrader’s platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by top-tier financial authorities such as the US Commodity Futures Trading Commission and the UK’s Financial Conduct Authority . Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology.
Mr. O’Malley is a member of the Chicago Board of Trade and holds a BS in marketing and management from St. Mary’s University in Winona, Minnesota. Mr. McLaughlin began his career in the financial industry at Merrill Lynch in 1986, where he served as Manager of short-term interest rates until 1995. He later held the position of Managing Director at Fuji Futures where he managed the CME, CBOT and upstairs sales staff for eight years.
Consumer Technology
LimeFX also provides comprehensive clearing and margining services, risk management in real-time. The company also heralds its server co-location services as providing a fast, cost-efficient way to initiate trading https://limefx.biz/ applications and black box operations. 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.
- Technology Support Services LimeFX offers a technology support team for assistance with the execution platforms our clients use.
- The originator of the funds must always be the name or names listed as the account owner.
- Yes, you may trade in an IRA or other retirement account at LimeFX so long as you have a custodial account with a separate trust company.
- On Apr. 4, 2011, LimeFX announced that client funds held by the firm attained a record level in excess of $500 million.
There are only a limited number of options-related strategies you can use with a cash account. Optimus Futures is a discount futures broker geared towards both beginner and experienced traders alike. Mr. Thomas Guinan has managed the Information Technology Department at LimeFX since its inception in 2003. His career in the futures industry began on the CME trading floor in 1987. Mr. Guinan’s unique blend of industry experience and IT knowledge led him to create and maintain the technology support team at Advantage.
If you are unclear whether a particular trade has been executed by the exchange, you can contact LimeFX or the exchange directly. LimeFX charges Exchange Minimum Margins, but reserves the rights in our customer agreement to raise those margins at our discretion. To send money to LimeFX by wire transfer, please call your LimeFX client representative for wiring instructions. By MailVisit our Apply By Mail/Fax page, select the appropriate account type, then download and print documents.
What is LimeFX’ margin policy?
LimeFX regularly provides educational events and seminars for the benefit of our clients and others in the industry. You can view our upcoming events on our website by clicking here. You can find all of the forms and applications that you may need on our website. For account application forms please click here, then select which type of account you would like forms for.
After that event I was furious and I told them I wanted to fully close my account. They wouldn’t refund my full account until I threatened to report them to the NFA. For a tailored recommendiation, check out our broker finder tool. Enter the name of your country and it will generate a list of the most relevant brokers. Compare brokers with the help of this in-depth comparison table.