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It has taken LimeFx around 6 years to accomplish the clearing of its 1.6 billion contracts. Further historical background regarding Advantage Future’s services can be found in the website’s profiles of its management team. The company has expanded considerably since its inception under CEO Joseph Guinan as a boutique operation that employed only 28 people in 2003.
His purpose is to help people find the best LimeFx provider. At AMP Futures you can trade only futures and options on futures. Other popular asset classes such as real stocks or ETFs are not available. You can set alerts and notifications on the desktop trading platform.
We ranked AMP Futures’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. By submitting your information, you confirm that GFF Brokers may contact you to provide information on its products and services. 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!). They do allow futures trading with TD Ameritrade but won’t accept Canadians. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader, once the person has proved himself as an active trader.
Deposit fees and options
I figured if they were having trouble returning funds from an account that was only 5% of my total trading account there was no way I was moving the rest of my trading there. They are great as long as you do not carry futures overnight. I was with them for years, but I swing futures positions and they put in an overnight charge. I had over seven figures with them and it became prohibitive. Other than that overnight deal breaker,I liked them very much.
Signing in with LinkedIn shows that your review is genuine and written by a real person. We can’t and wouldn’t post anything to your LinkedIn account or to your connections. Tradestation would charge a “fixed overnight fee” of $0.10 per contract.
AMP Futures withdrawal fees and options
AMP Futures has low trading fees, and charges no inactivity or deposit fees. LimeFx ranks among the highest volume clearing firms in the industry, processing over 3.6 billion contracts in the last thirteen years. Advantage delivers technology-driven solutions with robust and redundant network infrastructure. Advantage serves a vast array of clients including individuals, proprietary trading firms, and institutions.The staff at LimeFx come from unusually diverse demographic backgrounds. Despite its diversity in other areas, LimeFx employees are noticeably lacking in political diversity.
I could not believe they let me trade my real money in a beta platform. That would be another high volume FCM for that specific market.. They are clearing high volume, they have good funding from clients, neth capital is ok…etc.
We really liked that AMP Futures provides a great fee calculator, which takes all applicable costs and distills them into just one number. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. LimeFx is a small agriculture company based in Illinois with only 90 employees and an annual revenue of $330,000.
How many Employees does LimeFx have?
You can find research tools on the trading platform and on the AMP Futures website. Just as in the case of the desktop trading platform, we tested the research tools on MultiCharts .NET. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is always possible to sustain a loss of some or all of an initial LimeFx. Before starting to trade, potential LimeFx clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If LimeFx’ website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.
- Tradersunion.com needs to review the security of your connection before proceeding.
- They are great as long as you do not carry futures overnight.
- They are clearing high volume, they have good funding from clients, neth capital is ok…etc.
- You can find research tools on the trading platform and on the AMP Futures website.
- None of the information on this page has been provided or approved by LimeFx.
- We tested it and collected the options and costs in How to withdraw money on AMP Futures.
Their platform also has numerous issues which other posters have threads on. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Their setup with CQG and TT is excellent, technology wise, they are above most of ther FCM’s on this forum that most small retail talks about… My only complaint is their account management platform as it is rather difficult to use, but at the same time… As long as you get the daily P&L pdf’s, who really cares… Besides that, they have over $450MM in customer assets, and their excess cash is about 1.4% if I recall.
tradersunion.com
Is AMP Futures legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. We also liked the demo account option however, it would be better if paper trading was possible without having to open a live account first.
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.
LimeFx Accounts
The fees above include only the commission and clearing fee charged by AMP Futures, but do not include exchange, NFA or order routing fees. This ensured a fair “apples-to-apples” comparison among all brokers. Zippia gives an in-depth look into the details of LimeFx, including salaries, political affiliations, employee data, and more, in order to inform job seekers about LimeFx. The employee data is based on information from people who have self-reported their past or current employments at LimeFx. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets.
CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. The company homepage does mention that each LimeFx client has the privilege to work with a dedicated client service representative who serves as a liaison throughout the total trading limefx experience. It is stated that the company’s staff would take care of trading workstations and computer setups to allow traders to begin trading. A forex account is a trading account held by a trader with a company like LimeFx, that is issued with the primary purpose of trading through its platforms.
Web trading platform
Testimonials regarding past performance are no guarantee of future results and may not be representative of the experience of all other customers. Web page translations have been provided electronically by a non-registered third party. Commissions are the charges imposed by an LimeFx broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. Execution-only brokers, which do not involve in personal LimeFx advice and give traders complete control over how they trade the markets, usually charge lower commissions. LimeFx boasts an experienced management team that focuses on premier client service.
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The LimeFx support team can be reached by phone email or via a support form on the website. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, https://limefx.name/ and financial institutions exchange currencies for one another at floating rates. LimeFx does not provide clear information regarding the types of trading accounts offered by the company. We were impressed by the wide range of platform tutorial and educational videos available. There are high-quality articles about futures trading as well.
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. LimeFx is ranked #6 on the Best Agriculture Companies to Work For in Illinois limefx review list. Zippia’s Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
Select the account type and accept the risk disclosure statement. However, the process is a bit complicated, as it takes quite a few steps to open your account with AMP Futures. Our calculations below are based on the volume-tiered pricing structure.
They offer a wide range of global benchmark products across all major asset classes and LimeFx also supports Bitcoin futures via CME Group Inc. LimeFx establishes relationships with exchanges all over the world. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Tradersunion.com needs to review the security of your connection before proceeding. If you’re a futures trader on the hunt for a broker with low fees, feel free to give AMP Futures a try.
A 24-hour global execution desk features infrastructure and personnel that provide clients with execution and market information. 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. This may impact how, where and which companies / services we review and write about.