Capital Markets Elite Group-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Capital Markets Elite Group (CMEG) is an independent financial services group since 2013, registered in Trinidad and Tobago. CMEG provide access to trading platforms as well as retail, institutional and alternative investment services. CMEG claims that it is authorized and regulated by the Trinidad and Tobago Securities and Exchange Commission to carry on the business of a Broker Dealer (Agent and Principal) and Investment Advisor in accordance with Section 51(1) of the Securities Act (2012) Chap. 83:02 (as Amended). However, since this place is an offshore island, with its regulation super loose. We dont believe its credibility.

Here we can see that WikiFX has given this broker a very low score of 1.40/10. Please be aware of the risk involved.

Market Instruments

Tradable financial instruments available on the CMEG platform include Equities trading, ETFs Trading and forex trading. While some popular instruments like commodities, precious metals, indices, and Cryptos are not available.

Minimum Deposit

In terms of minimum initial deposit, traders with accounts of $500 can trade with margin up to 6-to-1 for accounts above $2,500 USD.

Leverage

In terms of trading leverage, the maximum leverage for forex trading is up to 200：1, the standard account with the trading leverage of up to 4：1, up to 6:1 leverage for the Active account, 10：1 leverage for the Enhanced account.

Spreads & Commissions

Spreads on the forex trading is not provided. As for commissions, the Standard Account commissions for U.S. equities are $8.95-per trade and $0.0075-per share. Active account commissions start at $3.95 per-trade and $0.007-per share on monthly volume up to 350,000 shares and drop to $1.95-per trade and $0.0035-per share on monthly volume over one-million shares.

Trading Platform Available

In terms of trading platform available, CMEG offers quite a few platforms, including Takion (fueled by technologically-advanced code and algorithmic smart order routing, with its pricing $80 per month), Sterling Trader Pro (providing a high level of customization & reporting analysis to complement their style of trading, $99 per month), DAS Trader Pro (designed for day traders, Direct Access Software (DAS), $90 per month), DAS Web/Mobile (no fees), and MT5 trading platform (a powerhouse among FX trading platforms).

Some fees charged for using different platfoms:

Sterling clients: platform and market data fees of $250 will be billed to your account once activated and deducted on the last day of the calendar month.

DAS clients: Platform and market data fees are charged by the provider as soon as the platform is activated, your account will be billed the full platform fee from your activation date and will be deducted on the last day of the calendar month. These fees are not pro-rated and cannot be waived.

Deposit & Withdrawal

In terms of payment methods, CMEG does not make this part clear. Most traders accept traders to fund their account through Wire Transfer, Visa, MasterCard, Visa, Skrill and Neteller.

Customer Support

Clients with any inquiry can first step into CMEGs FAQ section to find their desirable answers. The CMEG) customer support can be reach through telephone: UK (+44 (207) 993 6276, Int: + (829) 956 5161, and this broker is also on some social media platform including Facebook, Twitter, Linkedin and Instagram. Surprisingly, live chat is available.

Trading Hours

For the trading of Equities and ETFs, pre-market trading hours are from 7.30 am to 9.30 am EST. Normal trading hours are from 9.30 am to 4 pm EST and after-hours trading extends from 4 pm to 5.30 pm EST. For the trading of Forex, the Forex market is open 24 hours a day (24/5) due to different international time zones.

Pros & Cons

Frequently Asked Questions

Where is Capital Markets Elite Group Located？

Capital Markets Elite Group is a broker based in Carribean twin-island Republic of Trinidad and Tobago.

Does Capital Markets Elite Group offer business accounts？

Yes, this broker provides Corporate accounts, but clients are required to provide the following documents:

Your name, company name, country, email address, and phone number.

How long is the free Sterling demo amount valid for？

The Sterling demo account is valid for 7 days.

What are the main charges associated with the active account？

The active account is subscription-based. It includes a monthly subscription charge of $225 for platform access and market data, depending on the platform selected. These charges are not pro-rated.

What are your inactivity fees？

For every 30 days that your active account remains inactive, there is an inactivity fee of $17.

For standard accounts, an activity fee of $15 will be charged in any month with less than five trades.