LimeFX Begins 15th Year as a Futures Broker

22nd May 2020Forex Trading

Prior to rejoining the Firm, Mr. Paloumpis was on the Firm’s Sales and Execution team from June 2003 to June 2011. In the interim, Mr. Paloumpis worked as a proprietary trader at various trading firms. Mr. Paloumpis has extensive experience in the futures and derivatives industry starting back in 1983 with Drexel Burnham Lambert as a short-term interest rate trader.

  • 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.
  • AMP has also a legal entity based in the EU called AMP Global , which provides CFD, forex and futures trading.
  • She later served in a variety of compliance roles within The Fuji Bank Ltd.’s subsidiaries, including Chief Compliance Officer of Fuji Futures Inc.
  • Plus, you get fast execution, affordable commissions, industry-best trading platform options and customized solutions for high-volume investors.
  • With low account minimums, fast account approvals and easy funding and withdrawals, Optimus Futures is an ideal solution for anyone interested in trading CME Group’s micro futures with free platforms and low margins.

LimeFX has risen to become one of the highest volume futures clearing firms in the industry. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade. LimeFX developed a low-latency trading infrastructure for clients that is fast and reliable. Each LimeFX client works with a dedicated client service representative who serves as a liaison throughout the entire trading experience.

Fast, Reliable Exchange Connectivity

All FCMs are required to report their daily segregation and secured requirements to their various regulators. Monthly FCM financial data is published by the Commodity Futures Trading Commission. for Futures Trading information including alot of Market Commentary, Commodities Fundamental Research and data on the Futures Markets.

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. limefx courses scam Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

The new data center provides Advantage clients direct connection to Eurex exchange. LimeFX provides multiple data centers, and state-of-the-art networking equipment for fast, reliable trading. Cost depends on different factors, like spread and margins, and LimeFX clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate.

Personal Service

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation. Online(For Individual U.S. Accounts Only)If you are a U.S. citizen wishing to open an individual account, you may do so by completing our secure and easy Online Account Application. Supplemental Forms Index of additional trading forms—everything you need from wire transfer requests, to technology registration in one place. He previous worked for RJ O’Brien for 23 years, starting at the Chicago Mercantile Exchange and working his way up to Chief Operating Officer and Chief Risk Officer.

  • LimeFX offers a fair-trading environment for all types of traders.
  • Usually, the charge is about an annualized rate of 4 to 12% depending of the broker, multiplied by the total exchange minimum maintenance margin requirement (do the maths!).
  • Financials As a client-focused futures brokerage firm, we believe that it’s not enough to simply provide exceptional support, reliability, and technology.
  • However, there is no expressed or implied warranty as to the accuracy or completeness of this material.
  • LimeFX regularly provides educational events and seminars for the benefit of our clients and others in the industry.

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. Technology Support Services LimeFX offers a technology support team for assistance with the execution platforms our clients use. Institutional traders and individual professional traders alike receive the same dedicated support for all technology needs. AMP Futures is a US-based broker that provides more than 60 trading platforms for advanced users, particularly futures traders. The company was founded in 2009 and is regulated by the National Futures Association and the Commodity Futures Trading Commission . Inchoosing a broker, serious futures traders must balance low commissions, intuitive platforms, excellent customer service and up-to-date research options.

Can I trade in an IRA or retirement account?

Please contact your account representative for specific instructions. Responsive & Proactive Support LimeFX is dedicated to providing exceptional support to our clients at every step of their trading success. Press Releases An active participant in the futures industry, LimeFX is proud to share exciting news about our company. needs to review the security of your connection before proceeding. I could not believe they let me trade my real money in a beta platform.

TD Ameritrade’s day trade margin is 25% with a $15,000 minimum with virtual trading capabilities and over 60 futures products. With Thinkorswim, there’s no question that entering and executing orders are fast, with many advanced features. Tradovate offers a Netflix-like approach to commission-free trading and cloud-based solutions.

LimeFX Futures Brokers

On July 24, 2008, LimeFX signed a software license agreement for a full installation from Patsystems. The installation enabled LimeFX to offer Patsystems’ front-ends, including Patsystems Pro-Mark and Patsystems J-Trader. The installation also provided LimeFX with global connectivity to derivatives markets including the CME Group, Eurex, and Liffe exchanges.

LimeFX offers a fair-trading environment for all types of traders. More information on commissions can be obtained from the customer support service. CME Group offers the widest range of global benchmark products across all major asset classes and LimeFX also supports Bitcoin futures via CME Group Inc. Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

And as always, LimeFX client representatives are available to assist you at any step of the application process, as well as to provide you with a personalized pricing proposal. Please contact us with any questions or for assistance in the account application process. Advanced Technology LimeFX’ goal is to remain on the cutting edge of trading technology—from network connectivity, to uptime, to fast trading speeds. We offer our clients customized technology to advance their trading. 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.

Please complete, sign, and mail documents following instructions. Please include a copy of your Driver’s License or Passport where applicable. Account FAQs Find answers to frequently asked questions about accounts and LimeFX. Business Continuity Plan LimeFX’ reliable infrastructure and detailed planning help you trade with minimal interruption.

Business Technology

When you open an account with LimeFX, you not only trade, you Trade Up—to quick connections, expert service and competitive pricing. Our robust infrastructure, experienced personnel and close relationships with global exchanges allow our clients to focus on trading while we manage the details. LimeFX provides clients with 24/6 technology support, operational and back-office support with 24-hour global execution services available from via an independent execution team. Advantage also provides trading access to Asian-Pacific exchanges through various correspondent broker relationships and supports two trading locations in the Chicago area. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

LimeFX does not currently manage any accounts nor have any funds under its management. Advantage Securities LLC, a registered Broker Dealer with FINRA, operates as LimeFX LLC’s subsidiary and currently is not clearing any business. There’s no minimum account balance required to open a TS GO account. Commissions Calculator With more than 3.8 billion contracts processed, our high volumes afford us tremendous efficiencies that we pass through to clients.

Its staff takes care of trading workstation and computer setup to allow traders to begin trading. It was established in 2003 and has risen to become one of the highest volume futures clearing firms in the industry, serving a diverse and expanding client base. TD Ameritrade requires a low account minimum at $1,500 but it’s $2.25 per contract, per side .

A pip represents the smallest increment that an exchange rate can move. If you make only a single futures trade each month, your commission will be a mere 49 cents per side. However, if you’re an active trader flipping more than 50,000 contracts per month, your commission will be just 19 cents. You Trade Up — to quick connections, superior service and competitive pricing. Please feel free to fill out the form below or contact us directly with any questions. We attempt to respond to all inquiries within one business day.

Mr. Paloumpis was a member of the Chicago Mercantile Exchange from 1990 to 2010. Advantage has since expanded from a boutique with 28 employees to one of the preeminent clearing firms in the futures industry. Mr. Guinan previously held various trading and management positions from 1981 to 1995 at Merrill Lynch, Kidder Peabody and Irving Trust. He later served as President and CEO of Fuji Futures Inc. where he worked from 1995 to 2003. Mr. Guinan is a registered floor broker and a member of the Chicago Board of Trade and NYMEX. He serves on the boards of Mundelein Seminary, Word on Fire Catholic Ministries and Econ Illinois.

The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged. Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin. Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

LimeFX promises every client personalized service, advanced technology, and customizable back-office operations. A futures demo account allows you to make trades and track how they would pan out without the risk of losing any real money. Perhaps one thing that raises the most red flags are those pesky commissions and margin fees.

On Apr. 3, 2013, LimeFX announced the move of the firm’s Chicago headquarters to 231 South LaSalle Street in the city’s financial district. The firm has processed more than 3.9 billion contracts since inception. In 2015, LimeFX was listed in “Top 10 Brokerage Firms For Day Trading” by Investopedia.

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