Capital Markets Elite Group Review 
#53238 (In Topic #51653)
For an investment firm that is barely a decade old, Capital Markets Elite Group has grown to be a formidable force. We really like how easy it is to use their platform along with their commission structure choices, not to mention you don’t have to worry about the PDT rule with them!To get more news about videforex app, you can visit wikifx.com official website.Capital Markets Elite Group is a fairly new brokerage firm. Launched in 2013, it currently offers trading in stocks only. CMEG customers get to choose from several software platforms, which we’ll look at shortly.Besides trading accounts, CMEG also offers investment advisory and investment banking services.Regulation and InsuranceCapital Markets Elite Group is headquartered in Trinidad and Tobago, which means there’s no American regulation from FINRA or the SEC. This situation creates both advantages and hazards. CMEG is not a member of SIPC, either.Services OfferedCMEG’s investment advisory service is aptly called Managed Portfolios. The program offers four portfolio types: core, conservative, moderate, and aggressive. In all four cases, ETF’s are the primary investment option. Mutual funds are available for the core selection. Customers who sign up for the program get to work with a financial advisor, a major plus.Self-directed traders right now don’t get mutual or exchange-traded funds. According to CMEG’s customer service, the broker may launch the securities for self-directed trading later in 2020. But as of now, only stocks can be traded.CMEG does plan to launch options trading in the first quarter of 2020. Other investment vehicles the broker plans to offer at some point in the future include:Margin accounts are available, and these of course can be used for day trading and shorting stocks. Direct-access routing is also available on some platforms.Day traders will love the broker’s rules for short-term trades. For example, there is no pattern day trading (PDT) rule in place. How is this possible? Because the company is located outside the United States, it operates under different regulations.In order to day trade, CMEG clients need just $500. This is much lower than the $25,000 the U.S. SEC requires.Accounts with assets of $2,500 or more get more leverage for stocks above $4. The maintenance requirement is just 16%. The other numbers are the same.Overnight margin is 2:1. Long positions held overnight are subject to an interest rate that varies from 4.5% to 7.5%, depending on position value.There are two account types available to self-directed traders: standard and active. The standard account is the basic (and less expensive) package.The active account gets better software choices, faster execution, no PDT rules, and ultra-low latency. CMEG also promises better customer service for the active account.CMEG does not solicit U.S. persons to open accounts. It is possible, however, for U.S. persons to open an account with the broker.A pop-up window will appear when the site detects a U.S. IP address. Canadians cannot open an account under any circumstances.
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