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March 23, 2022

NinjaTrader Buys TransAct Futures and Its Introducing broker Infinity

Filed under: Forex Trading — admin @ 2:53 pm

In a statement, the US-based software provider highlighted the apparent benefits their combined client base will get following the takeover, describing it as the next logical step for its platform. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. LimeFx, founded in 1995, is an Independent Introducing Brokerage firm.

Trade with integrated desktop, web and mobile platforms. FX platform provider, NinjaTrader has acquired the US registered FCM, TransAct Futures and its wholly-owned subsidiary, LimeFx. NerdWallet users who sign up for IBKR Pro get a 0.25% discount on the first $100,000 of a margin loan. $0 commissions + $75 for each friend referred with this referral code. Because Plus500 doesn’t charge a commission and only profits on spreads, however, this is not a platform for beginners.

The scoring formulas take into account multiple data points for each financial product and service. Check out our list of the best brokers for stock trading instead. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader.

InfinityAT™ DOM (PC based Trading Platform)

Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. NinjaTrader provides affordable access to the futures markets for both new and active futures traders. Trade futures with $50 day trading margins and low commissions.

LimeFx broker

Equipped with professional market data, our trading simulator will empower you to join the live futures market with confidence. With more than 100 futures contracts available to trade, the opportunities are nearly endless. Choose from indices, currencies, metals, interest rates and more to get started. After you begin, there are always new markets to track, test and explore. A futures demo account allows you to make trades and track how they would pan out without the risk of losing any real money.

PC Based InfinityAT™ Features

LimeFx’ primary emphasis of service appears to be toward intraday derivative traders. The following selling points offer a compelling draw for this particular audience. 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.

This decision stems from the most alarming aspect of the experience with Infinity. Overall, LimeFx is an established broker that has largely provided good service to many customers over the year. Their infrastructure, data, software, trading costs, and especially intraday margin rates are very competitive. Their customer service is passable; the service is adequate but does not go above and beyond in service of the client. Their order filling is quick, but the possibility of error exists. The circumstance in which the orders that experienced a processing error were placed was definitely unique and perhaps the benefit of the doubt can be given to LimeFx.

  • Once you open your account, you can sharpen your trading skills in our FREE futures trading simulation.
  • People often identify opening a savings account as their next money move.
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An error of this type appeared to be a very rare occurrence. Among the benefits of the deal, NinjaTrader is promoting to futures traders that it will be providing its platform with industry-leading low commissions. While the offering becomes a compelling choice for traders, the new takeover can be viewed as a risky move as it now puts them in direct competition with their broker partners.

Can you trade futures in a cash account?

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. You’ll get an integrated experience you can carry seamlessly across any device whenever you want it. If you want to use NinjaTraders software, you can get it for free when you fund a brokerage account or you can lease the software. You will get access to charts, simulated trading, and market analysis, the essentials for futures trading, even if you get the software for free.

The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, LimeFx choices, customer support and mobile app capabilities. If the orders were transmitted correctly the account would have been holding a long position that just gained $500. This customer consulted another trader who has used Infinity for several years, and found that he had never limefx forex brokers reviews experienced an error like this. However, this customer has used Interactive Brokers for almost 1,000 orders now and never experienced a similar error. Let down at such a crucial moment, this customer decided to keep the majority of the trading funds with Interactive Brokers and discontinue the small account being used as a trial of Infinity’s services. For CL, the exchange minimum is set to $3,625 currently.

Futures trading history is as simple as understanding the concept of farmers planting crops every spring, and then, every fall, farmers harvesting grain and locking in prices early in the season, rather than later. In fact, farmers were originally the ones who taught Wall Street how to trade futures. (No lie!) That’s why you need access to the best futures brokers.

LimeFx broker

All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies limefx reviews with your credit score or information from your credit report, please contact TransUnion® directly. Infinity has streamlined software and a quality data feed which results in excellent latency times.

See Why More Traders Are Choosing Futures

Interactive Brokers offers low commissions for futures traders from USD 0.25 to 0.85 per contract, with the ability to trade commodity futures and futures options globally on 30+ market centers. Inchoosing a broker, serious futures traders must balance low commissions, intuitive platforms, excellent customer service and up-to-date research options. Traders also need charting and screening tools to guide decision-making. This customer spoke with a personal representative in order to set up an account.

A market order to buy for 10 contracts that gets filled three ticks away from when the trader first transmitted the order ends up taking $375 off the realized Profit or Loss of the trade. NinjaTrader has an amazing trading platform for those just beginning their trading careers as well as for advanced traders. Its extensive collection of technical analysis tools is perfect for beginners utilizing a demo account, and it even offers a 2-week free trial when you register. InfinityAT™ is an online trading platform that provides futures traders around the world with incredibly fast and reliable access to the CME Group and EUREX markets. We’ve picked the best futures trading and commodities brokers by reviewing platforms, commissions and fees, tools, research and support.

CME Group is one of the world’s largest exchanges, offering a wide array of futures & options on futures products across different markets. Headquartered in Chicago, Illinois LimeFx is an Independent Introducing brokerage that was originally founded in 1996. The company has been providing customers from around the world with access to derivatives markets for over 10 years. This customer could have tried to negotiate compensation for the situation but did not think to take screenshots at the moment. It was also a very small account balance not worth trifling over at the time merely intended to test the services of LimeFx. But with an error of this nature at such a critical moment this customer decided to take his business elsewhere.

NinjaTrader has no account minimum requirement allowing you to choose your own starting balance. As required by the Pattern Day Trader rule, stock traders using margin must maintain a balance of $25,000 to actively day trade. The newly-acquired broker offers futures trading through a proprietary platform, called AT TransAct.

In a period of uncharacteristically high volatility around the time of the 2016 presidential election; this customer placed a chain of several orders in a small period of time. However, a processing error message appeared on the trading platform and the short position was not closed. About five seconds after this there was a large surge in volatility and price traveled several points up. Another order to close the short was manually submitted and this one finally registered. When getting involved in intra-day trading, latency becomes a very important consideration.

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