Lime Trading becomes the only broker connected to TakeProfit

Rick Steves

“By merging Lime Trading’s expertise in trade execution with TakeProfit’s innovative platform, we are equipping retail traders with the essential tools needed to help navigate today’s dynamic markets efficiently.”

Lime Trading has partnered with community-driven trader platform TakeProfit to provide its users with access to the best tools and technology no matter their strategy.

By combining its trade execution with TakeProfit’s newest innovations in charting and technical analysis, Lime Trading is able to offer retail traders a unique set of capabilities as it is now the only broker connected to TakeProfit.

Offering exclusive access to a trading widget native to the TakeProfit platform, Lime Trading allows users ideate and trade in one, seamless experience without ever leaving the platform.

This partnership is just one of a few, recent product enhancements that Lime Trading has released to enhance their retail offering. Most recently they’ve added a Python SDK for their REST API and streamlined their demo paper trading access for traders to test drive Lime for themselves.

“Equipping retail traders with the essential tools”

TakeProfit is a community-driven trading platform equipped with monetization tools for traders. It facilitates sharing research and making better trading decisions, allowing members to capitalize on their expertise. Workspaces are created using widgets, providing a customizable trading environment with immersive charting, custom indicators, screeners, financials, and other tools.

Lime Trading is a US-regulated low-latency execution brokerage that works with retail and institutional clients alike to offer a broad range of APIs, platforms, and technology solutions to traders worldwide.

Johan Sandblom, CEO at Lime Trading, said: “We are thrilled to introduce this integration with TakeProfit. By merging Lime Trading’s expertise in trade execution with TakeProfit’s innovative platform, we are equipping retail traders with the essential tools needed to help navigate today’s dynamic markets efficiently.”

Alexey Shulzhenko, Founder & CEO at TakeProfit, added: “We partnered with Lime because they have a passion to build the best for traders, by traders. Their focus on providing all traders with lower latency technology aligns with our mission to bring traders the tools they need to trade more effectively.”

Traders wanting to try the TakeProfit trade integration that do not yet have a Lime account to experience this new integration, are able to sign up for a free demo paper account.

NFA fined Lime Trading $100,000

In February, the NFA ordered Lime Trading to pay a $100,000 fine over failing to file various required financial reports and notifications timely with the US regulator, as well as failure to supervise.

Regulatory issues started when, in 2021, Lime Trading filed segregation and secured statement computations three days and one day late, respectively. The broker said it missed the deadline due to a meeting and the late November filing due to the submitter being ill.

In 2022, its daily segregation statement was also filed after the deadline.  Lime Trading attributed the late filing to a third-party consultant. In 2023, Lime filed a month-end financial statement one business day late. Shortly thereafter, Lime Trading submitted another late financial report, this time four days after deadline.

To deter late financial filings, NFA imposes a fee of $1,000 for each business day a financial filing is late. To date, Lime Trading has paid $5,000 for its late financial filings, as described above. Despite paying late fees and repeat warnings from NFA and the CFTC, Lime Trading’s failure to file timely financial reports continued, which led the NFA to charge Lime with these violations, ending up in a $100,000 settlement.

Read this next

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.

Chainwire

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.

Chainwire

$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FOMC Minutes, UK Inflation Data, USD, May 22 ,2024

FOMC minutes reveal Fed’s stance on inflation and rates. Hawkish hints could raise USD as investors seek higher returns. Dovish tones might weaken the dollar.

<