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.
BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . It is regulated by the Securities and Exchange Commission and the Financial Industry Regulatory Authority . Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).
#2 Best futures brokers
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.
- He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client.
- Advantage also provides trading access to major Asian-Pacific exchanges through various correspondent broker relationships.
- Mr. McLaughlin holds a BS in finance from the University of Iowa.
- I am getting back at trading futures actively and Advantage made me a nice clearing offer given I am not a high volume trader.
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 .
He earned a BBA from the University of Texas, an MBA from The University of Chicago Booth School of Business and an MS in computer science from the University of Chicago. Ms. Jones began her career in the futures industry in 1990 at Lind-Waldock & Company, a registered Futures Commission Merchant, where she served as Compliance Officer. She later served in a variety of compliance roles within The https://limefx.club/ Fuji Bank Ltd.’s subsidiaries, including Chief Compliance Officer of Fuji Futures Inc. We support a variety of leading front-end trading applications. Our knowledgeable client service representatives can assist you in selecting the software best suited to your needs. Exchange Membership Facilitation Exchange memberships enable clients to trade specific products at preferential clearing rates.
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.
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.
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. 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.
Since elevated to Co-Head of Operations on December 23, 2021, Mr. O’Brien, together with his co-head, oversees all aspects of the Advantage Operations Department. Mr. O’Brien has been in the futures industry since 1989 and has extensive floor and back-office experience. Mr. Rodriguez previously served as limefx an Executive Director in CME Group’s Financial and Regulatory Surveillance Department. At CME Group, Mr. Rodriguez was mainly responsible for the regulatory, financial and compliance oversight of clearing member firms. Mr. Rodriguez earned a BA in Accounting from the University of Illinois at Chicago.
Furthermore, futures are very highly-leveraged trading instruments. Offering FDIC insurance for all deposits involved in futures trading would ultimately increase transaction costs for the customer. This is because the participating FCMs would be required to pay the insurance. Advantage serves many of the highest volume traders dealing on the Chicago Mercantile Exchange and the Chicago Board of Trade. Our clients also participate with meaningful volume on the LIFFE, Eurex, and Eurex US markets. Advantage also provides trading access to major Asian-Pacific exchanges through various correspondent broker relationships.
And finally, customer service can make or break an experience with that particular broker. Determine your personal priorities, and use our guide to find the best futures brokers platform for you. NinjaTrader has an amazing trading platform for those just beginning their trading careers as well as for advanced traders.
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.
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.
- Please contact your account representative for specific instructions.
- The introducing broker status means that your assets and cash are held with the FCMs, but the platform, fees, and customer support are provided by Optimus Futures.
- LimeFX users also gain access to leading exchanges, including CME, CBOT, NYMEX, COMEX, EUREX, ICE Futures Europe and the Small Exchange.
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.
Trade Up to All Around Excellence
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.
- They wouldn’t refund my full account until I threatened to report them to the NFA.
- We are committed to providing clients with direct market access via high-performance, reliable connections to the world’s major futures exchanges.
- Links to GFF from a third party website should not be considered an endorsement by GFF or any of its employees.
- 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.
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.
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 specializes in a wide range of customized solutions for our clients. Our full range of exceptional services allows our clients to trade, while we take care of the rest. You can expect expanded execution and clearing services, along with advanced technology and software support to help maximize your success potential.
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. FuturesBuzz.com for Futures Trading information including alot of Market Commentary, Commodities Fundamental Research and data on the Futures Markets.
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.
What happens if I lose my internet connections while trading?
Traders also need charting and screening tools to guide decision-making. Optimus Futures is an introducing broker of six futures commission merchants , which are basically brokers providing futures trading services. The introducing broker status means that your assets and cash are held with the FCMs, but the platform, fees, and customer support are provided by Optimus Futures. The LimeFX team provides comprehensive, technology-driven clearing and execution services to traders through strong infrastructure, fast up-time and financial transparency. LimeFX users also gain access to leading exchanges, including CME, CBOT, NYMEX, COMEX, EUREX, ICE Futures Europe and the Small Exchange.
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.