Thanks Carlos! When I used CMEG in 2018 the only option was 2.95 per trade, which was better than the other offshore competitors at the time, but still hard to scale out without feeling the pain, but now 0.004 per share is remarkably low, def recommend them for new traders to learn on!
Hey Brendon! Oh yea it was so much better. Competition is good for u the consumer. I would love to see PDT go away in the US. They can do so many things like maybe less margin under $25K. Maybe 2 to 1.. would be amazing for beginners.
@@carlosm328 i have applie to cmeg and i dont see a place where i can chose the right commission structure. also people are saying that it is $4 per trade.
Hey I get an answer from CMEG they ve told me that there is noo commissions per share as it has shown this video , this is there message : All trades that are less than or equal to 1000 shares are charged a flat rate of $2.95, where as trades consisting of more than 1000 shares are charged a per share rate of $0.005.
@@morrocanpua3233 I have been trading with cmeg and I don't know if I am an ignorant about all the commissions thet should charge per trade but I don't understand how i buy one stock at 3.78 and sell at 4.12 and be negative $50 or beside all the cost of the tickets and $0.004 per share under 1k shares I still don't make what I am supposed to make like always they take a huge % besides commissions so if someone else has been in this situation and can explain how it works I'll appreciate it
I'm surprised there is no other brokers competing with CMEG. Commissions are off the roof because there is no competition and CMEG knows it. By the way they increased their price structure.
Hey Seydou how are you my friend? Hope all is well. Thank you and will try to do another update end of year if anything changes, hopefully lower rates? maybe? 🤞
Hey @@carlosm328, I am doing well; growing as a trader slowly, one trade at a time inspired by gentlemen like you ;-) To add to christmas wish for cmeg I really hope they ll improve the shorts catalog. Thank you!
Trading under 1000 shares you can choose per share or per trade. Is it still 2.95 per trade if you trade 2000 share position or the normal structure of over 1000 is it always per share ?
Hi, yes about $130 if you are trading per share. But if you are at the level of 10k shares per trade than you go with the Per Trade pricing meaning you only pay a flat fee per trade regardless of number of shares. Also anyone trading that size would probably have an account over $25K and in that case you would not go with CMEG you would trade with an IB in the us for better commission and options.
I think they have changed their commission fees. It seems it's $0.007 per share on less than 1000 share orders. Do you guys have a way of getting this discounted to the $0.004 you speak of in the video?
I heard to get a CMEG account you need proof of income. Does that mean I can't get an account unless I have a job and am making a certain amount of money per year? If so, how much money do I need to be making a year to be able to get an account?
Yes, many brokerage firms require proof of income before opening a brokerage account. This is because they have a legal obligation to assess the suitability of investments for their clients and ensure that clients have the financial means to bear the risks associated with investing. The income requirement varies by brokerage firm and the type of account you're looking to open. Some firms may have a minimum income requirement, while others may require a certain net worth. It's best to check with the specific brokerage firm you're interested in to see what their requirements are.
Please, if you are not from the US, do yourself a favor and use Tradezero. Their commissions are way cheaper (0,005 per share using their smart route), you don't pay for ECN fees on SMART route, and if you add liquidity it is a free execution above 200 shares. Im saying this because CMEG kinda shredded my small account ( in CMEG, a 200 shares trade costs me $2,95 x 2 + 400 x 0,0039= around $7,46, on TZ its 400 x 0,005 = $2, and if I get out on the ask its half that). If you're not from US please, save yourself the trouble and go for TZ, there I can even afford to scale in and out without paying 2,95 for every button press
If i already have das trader pro link to another broker, do i need to pay another $125 a month when i open a cmeg account to be able to trade or can i just link the cmeg account to my current active das trader pro account?
Hi MyruFX PDT Rule is an US regulation that applies to US based brokers, does not matter your residency or nationality, if you open an account with an US based broker your account is subject to PDT if you don't have +25K in the account.
Bear Bull Traders Thank you. IB has a UK based subsidiary which is regulated by the FCA and not the FINRA. Do you have any information if it’s possible to daytrade there without being subject to pdt?
@@myrufx6942 IB is great, they have a Canadian branch and I know they are not subject to PDT, could be the same for UK but we don't know. I would give them a call and find out.
Carlos Moreta that would be super super kind of you. For the Canadian one I can only sign up as a Canadia resident or is it possible for me as a german to sign up there too?
Cmeg no longer provides per share structure as of April 2021 only per trade as I had questions regarding commission fee cuz I just signed up with them . Dose anybody now if this is true of what they told me? Thanks
my friend thanks a lot for clarifications but am trade with CMEG since April,2020 and am paying 3.92 $ per ticket + extra fees for ECN & hidden fees also means total for round trip could be exceed more than 10 $. Am asking from whre you got this lowest commission?????????????
Do not set up CMEG account. I just had problem and unable to sold my shares yesterday during the trading hours and the sell order was sitting there highlight ed in blue color and unable to execute and sell. The platform looks like had problem and i was so frustrated and dont know what to do and the price was keep dropping. I try to called them and email them but no one answer or reply. My friends also have the same problems at the same time. We all had profits but end up lossing alot of money because of the platform glitch. The CMEG said is sterling platform has issues but i dont care but someone should be responsible for my loss on that particular trade because we watch the price kept dropping and nothing I can do. Thats my real experience amd all i want to let everyone knows about CMEG company .
@@vovanminh999 yes lucky the stock i purchased is 2.3 dollars per share, and i loss 6 k at the end. If the stock is over $10, it could be loss over 100k.
I was paper trading that day ... so I got lucky... BUT - They told me that if it was a real $$$ Trade - they would reimburse back to even... Also - Call Sterling - they said they would offer the refund as well... at least I think I heard that!
thanks Carlos now i am a big fan of yours but i have to disagree on this plat form and yes i use to use this too and at the end most people dont trade with 100k account like us and this is not suitable for small account people there is a reason why all the big brokers in the US went commission free i saved 68k in fees that now i get to keep for my self so i rather trade less and make more now then wen i use to trade more and pay more and you haven't mention that money can take up to 30+ days in to be return to you due to Money Laundering laws if these guys were to do a monthly service fee instead of a trade charge am sure they would have a few new million new users
Yeah I think he mentioned that in the video, CMEG is good for small account but if you have larger account he said you should just switch to US broker like IB.
Hi Satoshi, Thanks for the feedback, I'm with you large accounts no reason to be with CMEG. A lot of brokers that are not direct access, if not all have changed to free commissions. IB is a great example, they created a brand new division for zero commissions IBKR Lite... Why didn't they just change their pro platform to free? There are clear benefits for active traders with direct access and we have yet to see any direct access broker go zero commission. But hey, who knows. The more and more competitive it gets the better it will be for us. So let's hope they keep at each other's throats for our business.
@@rickyg9498 it's a love hate relationship. Customer service is super responsive. They know me by now. Lol. The issues: filling orders is not that great. This is the biggest challenge I've been in situations where I see the price dropping in TOS or TC2000 charts and my order doesn't get filled. It happ Ned to me twice this week. HTBs price varies d pending on how hot the stock is. Cheapest I've got is 3USD for 200 size for small cap. To save monthly costs I use the web pro platform with hotkeys _ it does it's job but don't rely on anything else besides placing orders and lvl2. Lastly, the wire fee out is 70USD so I take profits biweekly only if I really need to. There's good locate inventory compared to cmeg. But cost is per share. Overnight short carry 7X the value of the initial HTB locate fee so beware of that. I do intraday swings. And scalping. How about you? What do you use?
@@TheTechPapi Thanks for sharing and year not getting filled can be frustrating for sure. That's one thing that is not an issue with CMEG, their fills are really good. If they can get their hands on more short inventory they would be killer!
Does CMEG have a ticker margin restriction list? Im currently on F1 and they issue a margin restriction list for "volatile tickers" its truly disgusting ....
Awesome video man. i just got my account with CMEG. ive been simulating day training momentum training for the past 4 months and ready to go live. can you make a video about filing taxes with CMEG. i heard it was a difficult process filing taxes with CMEG.
Thanks Carlos, great details. I have a question about shorting. Can you elaborate more on the $25 fee you mentioned? If they have a shortable shock, it’ll cost me $25 just to get in and out of that trade?
Cliff Gettings Your welcome. They will charge you $25 to find the stock for you plus commissions and fees. When you cover/close your position you will get charge just the commission and fees. If you hold overnight there is a reallllyy expensive charge for short inventory (listed on their site). I do not recommend holding anything overnight with this broker too expensive. Good for intraday trades.
Thanks Carlos , I don’t use cmeg , but this info was very helpful in general. Live your recent videos , they’re very very helpful . Khalid from the chat room .
I did a thorough research on finding an offshore broker and of all the ones I’ve reviewed CMEG is the best I’ve found, I’ll definitely be going with CMEG. Slight Bias is they’re located in Trinidad 🇹🇹 👍🏽
They won't let you trade before 2 hours before the market opens. I believe it's 2 hours after market closes as well but I have not tested that one out.
They open pre-market trading at 7:30 AM ET and after hours up to 5:30 PM ET. Not bad, for possible earning plays after the close if you are looking for that style of trading.
With much respect, Your numbers don't make sense to me... Per CMEG: Q: What is the commission structure for Active Accounts? A: Currently, our commission structure is as follows: • $3.95 for orders of less than 1000 shares and $0.007 for trades of 1001 shares and over for a monthly volume of 350,000 shares. • $2.95 for orders of less than 1000 shares and $0.005 for trades of 1001 shares and over for a monthly volume between 350,001 and 1,000,000 shares. • $1.95 for orders of less than 1000 shares and $0.0035 for trades of 1001 shares and over for a monthly volume greater than 1,000,000 shares. So according to this, you can't buy 100 shares and get charged $0.004 per share because any shares less than 1001 is a per trade cost only. So in my opinion, if you're starting with a small account to avoid the PDT rule, you would have to get $0.08 per share profit on a 100 share trade totaling $8.00 just to break even on commissions alone (which is a great scalp even for the best), and anyone knows not to scale out of that position. Mathematically, it makes no sense to trade with CMEG unless you perform one round trip with a minimum of 1001 shares. I don't imagine anyone who is avoiding the PDT rule would trade that many shares. As a side note, opening an account with the minimum $500 would be futile if you're looking for profits. Seeing as most people only want to risk 1/5th of their cash balance per day to manage risk, buying 1001 shares of a lets say $4.00 stock for maintenance purposes, would have to start their account with a minimum of $5000.00 and be aware of commission fees, ECN fees, SEC fees, TAF fees, platform fees, data fees, money wiring fees, taxes and etc.. CMEG seems to be extremely exploitive to US citizens.
Hi! Nice video! I dont have an income document, do you think i wont be able to get leverage from them? Im a studet right now and i want to trade with my savings. Thanks!
Great question Hector, I would email them on and see what they advise. Let them know exactly that you are trading with funds you saved. I think it is a way to make sure no funny money is going their way but unless someone is dropping 100K+ every month $10K $5K should not be a big deal. just my 2 cents...
Yes after a certain size, per trade is more cost affective. But I noticed when traders get to the point that they are taking 1500 to 2000 shares per trade consistently they usually have increased their account balance above PDT and move to US brokers.
Thanks Carlos! Do you have a link to the per share numbers on CMEG? When I look it up on their site it looks like the “per trade” fees are for tickets < 1000 shares and the “per share” rate requires > 1000 shares. If that’s the case it’s really high fees for us with small accounts and trading small share sizes. Thanks again for all the info!
Ryan, you actually have it right. If you trade under 1000 shares you’ll always pay 3.95 (2.95 with special discounts such as being a Warrior Trading student) and anything over 1000 is the number of shares x $0.004
andrebok007 I started LIVE this week with CMEG and the commission fees are exactly as @Carlos mentioned in his video. I’ve started very very small size (20-100 shares) and I’m only paying $.50 ($1.00 round trip)! Amazing fees for a newbie trader!
Fahad Zakir i just shares the BBT code and followed up with them in email when my account was approved. BTW - it took 3 weeks to get approved because of all the pandemic craziness!
Hi, you will not get charged per share + per trade, is one or the other. You pick what plan you want Per Trade or Per Share and you get charged according plus any other fees associated with trading.
@@carlosm328 I have an answer from CMEG right now : All trades that are less than or equal to 1000 shares are charged a flat rate of $2.95, where as trades consisting of more than 1000 shares are charged a per share rate of $0.005.
I use Alliance, and they are... ok.. not great but ok. They don't have a whole lot of shares for short. I am personally using Alliance until my account is large enough to move back to the US, then Ill go with Interactive Brokers. I hope this helps.
So if you push the short locate button and they can't find the shares do you still pay the 25 dollars? And if they do find it and you decide you don't want to short anymore do you still have the fee?
The way it works, you enter the ticker and number of shares you want to locate. When you click inquire they will tell if they are available and what the cost per share will be. No charge yet. Once you decide that you want the shares, you click locate and it will prompt a confirmation showing you the total cost based on the numbers of share you want. Once you click ok. The shares will be available for you and now you can short the stock when you are ready and units will be available for you. If you do not take a trade you will still be charged for locating the units for you. If you take the trade then you get charged the commission.
Theyre trading CFDs right. Are we actually buying/selling stocks? If its CFDs the SEC just shut down TRADENET from allowing US clients,do you think Cmeg is next?
Yeah I’m getting the same too. I emailed them asking them to please place me on the per share commission and they emailed me back saying there is no option to be on a per share plan. If anything it’s per share and also per share on top of that
Awesome. Been using it since the 9th. Question please- i want to scale up per month. Not sure if I should use my money to scale up the account of safely do it with margin. If I'm in a trade and the position is using CMEG's money, does that trade now cost more than usual? On their website it says that a broker assisted trade is $25. So if my personal money is $5000, and im in a day trade round trip that cost me $8000 to get into - I have to pay $25 per ticket?
You can use margin (their money) at no extra cost besides the commissions and fees. What they mean by assisted trade is if you call in a trade or need them to manually intervene in a trade for you. You will not get charged $25 if you are using $10K BP on a trade and your account balance is only $5K. That is for intraday trading and not holding anything overnight. If you hold position overnight there are fees involved in doing that.
Great video Carlos, Only One question about the process for opening the account. After i open it, hoy I match it with Das Trader platform? And hoy I configure the route CMEG use? Thanks.
Hey Tomas, in the process of opening an account you have to pick which platform you want to use and you have the option of Trader Elite Pro under DAS Trader Pro. The route to CMEG is all setup for you once they give you access to your platform.
Thanks Mathew! Yea I noticed that and another error reading the commission chart per share I said $5 when it was $4! 🤦♂️ Too much number crunching. Was thinking of $10K & $5k account mixed up my thoughts, but was not going to redo video lol.
I read, in a couple of websites, that the so-called standard account is a "no commission" one. Is that actually true? Does it restrict the # trades per day relative to the "active" type accounts? It appears to allow margin trading too, so that seems to be a pretty good thing. I'm planning to use a third-party platform for charting, so all I'm really looking for is something to buy and sell, no frills. Also, do they allow margin on leveraged ETFs? Thanks in advance, a also apologies for asking three questions in one "comment" Gus
Hi Deigo, It is not hard at all. You simply submit a withdrawal request of your funds and they will get the process started. As I mentioned in the video getting your funds will not happen in 2 to 3 days. It takes a lot longer. What I have seen traders do is as they get over a certain amount let's say $15K, they withdraw a few thousand. Keep trading in CMEG until they have withdrawn enough to open an account with $30K ( you do not want to be right at $25K) This takes a lot of time, not easy but possible.
After speaking with my bank, I decided not to do this only because once you wire money, it is gone. I decided to just stay within the US and swing trade.
@bearbulltraders how long did it take to open an account with image because its been 14 days and they keep messaging me asking for additional documents such as tax documents and despite the fact I submitted a 3-month bank statement. Also, it mentions something about working for uber and doordash which I don't work for neither. I'm start to get a little irritated in this process because i call and they say they can't tell me anything over the phone I'm starting to lose trust in this broker already. Your feedback would be great thanks
@@BearBullTraders cmeg they keep tell me they emailed the department that handles me account I haven't heard anything in since last friday. However I signed up on may the 27th. I feel like they dont want my business. I thinking about going with td ameritrade now. I want to join to get around the pdt rule
@@10thplacedaytrader Their sign up process is a bit painful. Part of it is that they are not allowed to solicit business from anyone in the US so they are very careful about that. Hopefully, you are able to work it out with them. Day Trading under PDT rule is extremely difficult, almost impossible to do it effectively.
@@10thplacedaytrader : It took me almost 2+ months to get my account open with CMEG... Have to just keep sending them what they ask for... Once it is done tho - your in... Just have to hang in there and deal with it!...
Hi Carlos! Thanks for all the videos and information. Unfortunately in Canada we cannot use CMEG. Which broker would you recommend for a Canadian trading in a small account? Thanks again for everything you guys do :)
I see the Per Trade is CHEAPER. Buy 1000 for $2.95 and then Sell that same 1000 for $2.95. Remember for ever Penny a stock goes up per 1000, your making $0.10.
hey Carlos good video. Curious about the locates on CMEG as i do like to short. Not penny stocks. Typically stocks in between $20-$150. I've seen some other videos where people have said it's hard to locate shares for any stock. Please follow up. I did post this question before the video finished. So what do you think? Kind of on the fence now about going with them at all. thanks
Trying to get approved for CMEG im so sick of the PDT rule that makes it so hard to trade to keep people working normal jobs... guess ill be sending money out of country... that rule alone is going to make me buy everything out of country.
Thanks Carlos! I know you guys play AMD all the time.... does it cost anything to short AMD? I’m assuming for the bigger company stocks that those are “easy to borrow” and you can short whenever you want right with zero additional fees on CMEG???
Absolutely right about CMEGs short inventory. Also, the per share commission fee only works with the LAMP route. Using alternate routes like ARCA will incur regular 3.95 per trade fees. I learned this the hard way this past Monday when the LAMP route was down. Contacted customer service after seeing high commission fees and they explained it. Doh!
Same to me. Lost $300 instead win $ 45 as normal comision. The fault is that was a problem related to him not us and they never never tell me about different comissions and fees for different route. It is no good
Hey! I actually started trading today with CMEG and I did a total of 14 tickets and i was charged around 55.06 in commissions is this correct? I bought mainly 100 shares of high volume/ low cap stocks and 1 premarket trade
how come CMEG is the best...? It is EXTREMELY expansive, perhaps you are paid by them, but if not, have a look at Tradezero my friend... they give the exact same thing as what you are saying about CMEG (the only difference really is that with Sterling, you get LULD with CMEG, whereas Tradezero does not have Sterling). Your review is very limited to say the least, not to say that CMEG locate fee for HTB is $25 flat fee! This is very expansive
So let's say if I want to use DAS and CMEG together I would have to pay around 130 bucks altogether or do I have to pay for CMEG and das seperately with a total of around $250?
Has anyone ever done a big withdraw with cmeg? I have been building my account for about 3 months now and recently went on a hot run and would like to pull out 50k but kind nervous... not sure how cmeg would take that and also if it is safe to do that big of a wire transfer
If you go with CMEG, make sure you video all your trades. Watch out for their immediate price reversals when you enter a trade, which will bleed your capital over & over again. They appear to trade against their clients. So, keep an eye out for their price reversal strategies with video recordings, then you can catch them in the act if you ever wish to file a complaint against them, you will have proof.
@Brett Goodley you & ur friend smoke crank, I believe it. That makes you say the things you do. You want me to believe that you trade at all, so why comment on things you don't understand or experience?
CMEG actively trades against their clients. I was a 'long' biased trader with them. Followed the rules of increasing volume, good price action, stop-loss prepared, enter the trade and immediately the price reverses - all the time, for almost one year. Over & over again, this reversing pattern kicks in 2-3 seconds after my order is placed. I didn't want to believe it, but in the end I had to accept that CMEG is actively trading against their clients. If you do decide to open an account with them, trade small and watch out for this reversing pattern, it isn't a coincidence that it happens. Not after hundreds & hundreds of trades.
Well, now that so many more people are trading, keep in mind that most are doing the same steps that you are doing. So that means you need to get in a bit earlier and get out a bit earlier the the plan you have. If not, by the time you follow your textbook rules, the reality is showing a price drop before you exit. I have heard same thing from others using the well-known steps for entry and exit. Try in simulator and see if the outcome will help decide
Ive won like over 70% of my trades with them so far. Only problem is commissions if you tend to overtrade. My Not an Algo channel has live trades. So maybe you gotta work on picking better setups my guy. cmeg is not for newbies, you need serious high quality entries and not over trade. Or commissions will eat you.
@@scottiZepidemic Hey Scott, I understand what you are saying, completely. I have traded before several years ago and got back into it a couple years ago, studied up and was very careful with my trades & my money. The problem with CMEG is that my lives trades differ tremendously from the simulator trades. With my careful strategy in the simulator, I would have comfortably made consistent profits, albeit the profits were greater than the losses. I didn't even think about the commissions because they won't compare to the profits I made in the simulator. I averaged about $2-3k most nights. My best trade was almost $32k in 15 minutes, scary for me. But the live trades immediately went against me - repeatedly, I couldn't believe how persistent their system works against my trades. I tested many stocks in the simulator, being extremely cautious of their counter-strategy. I found many good setups, stocks with catalysts etc, but as soon as I entered my live account, BOOM!, the price spikes in a reverse pattern again & again - it's instantaneous. I have no choice but to accept that CMEG is a scam company. They do a 'stop-hunting' strategy to kill your account.
🔥🔥🔥 Please see the updated commission structure 🔥🔥🔥
👉 bearbulltraders.com/brokers/#broker-cmeg
What is the link for the channel where you do live trading, if you are still doing it?
@@YouStillNeedToSleep We live trade in our Chatrooms bearbulltraders.com/chatroom/
Very well presented; thorough, well organized, and very articulate. Easily the best review of CMEG I've seen.
Thanks Chuck! I appreciate the feedback!
As expected from this channel 🌠
Totally wrong because he is not correct but n commissions details.
Thanks Carlos! When I used CMEG in 2018 the only option was 2.95 per trade, which was better than the other offshore competitors at the time, but still hard to scale out without feeling the pain, but now 0.004 per share is remarkably low, def recommend them for new traders to learn on!
Hey Brendon! Oh yea it was so much better. Competition is good for u the consumer. I would love to see PDT go away in the US. They can do so many things like maybe less margin under $25K. Maybe 2 to 1.. would be amazing for beginners.
@@carlosm328 i have applie to cmeg and i dont see a place where i can chose the right commission structure. also people are saying that it is $4 per trade.
Hey I get an answer from CMEG they ve told me that there is noo commissions per share as it has shown this video , this is there message : All trades that are less than or equal to 1000 shares are charged a flat rate of $2.95, where as trades consisting of more than 1000 shares are charged a per share rate of $0.005.
@@morrocanpua3233 hmm that may make partialing costly.
@@morrocanpua3233 I have been trading with cmeg and I don't know if I am an ignorant about all the commissions thet should charge per trade but I don't understand how i buy one stock at 3.78 and sell at 4.12 and be negative $50 or beside all the cost of the tickets and $0.004 per share under 1k shares I still don't make what I am supposed to make like always they take a huge % besides commissions so if someone else has been in this situation and can explain how it works I'll appreciate it
Perfect job at reporting with clear information and easy to understand visuals. Great job, regardless of what other comments say.
thank you - just what i needed..the commission for under 1000 shares executed. Starting with $1000 on active account.
How you faring?
I'm surprised there is no other brokers competing with CMEG. Commissions are off the roof because there is no competition and CMEG knows it. By the way they increased their price structure.
Hey it seems that the commission is both now. The per trade and per share on top of the trade
bro i should give u $20 for how detailed this video was. preciate it man
Glad this was useful!
If only everyone could do it this well
Thanks, Carlos! Great video. Only way it could have been better was if there were a table of contents.
Tyler thanks for the feedback! fully agree, any video that's this long should have a timestamp table of contents. Noted.
Thank you Carlos, concise useful and up to date information.
Hey Seydou how are you my friend? Hope all is well. Thank you and will try to do another update end of year if anything changes, hopefully lower rates? maybe? 🤞
Hey @@carlosm328, I am doing well; growing as a trader slowly, one trade at a time inspired by gentlemen like you ;-) To add to christmas wish for cmeg I really hope they ll improve the shorts catalog. Thank you!
Trading under 1000 shares you can choose per share or per trade. Is it still 2.95 per trade if you trade 2000 share position or the normal structure of over 1000 is it always per share ?
Question team;..if a person took 10,000 shares ,CMEG would charge $100 round trip for only 1 trade?
Hi, yes about $130 if you are trading per share. But if you are at the level of 10k shares per trade than you go with the Per Trade pricing meaning you only pay a flat fee per trade regardless of number of shares. Also anyone trading that size would probably have an account over $25K and in that case you would not go with CMEG you would trade with an IB in the us for better commission and options.
@@carlosm328 thank you my man. I was just curious
I think they have changed their commission fees. It seems it's $0.007 per share on less than 1000 share orders. Do you guys have a way of getting this discounted to the $0.004 you speak of in the video?
u can ask the broker to lower your rate
I heard to get a CMEG account you need proof of income. Does that mean I can't get an account unless I have a job and am making a certain amount of money per year? If so, how much money do I need to be making a year to be able to get an account?
Yes, many brokerage firms require proof of income before opening a brokerage account. This is because they have a legal obligation to assess the suitability of investments for their clients and ensure that clients have the financial means to bear the risks associated with investing.
The income requirement varies by brokerage firm and the type of account you're looking to open. Some firms may have a minimum income requirement, while others may require a certain net worth. It's best to check with the specific brokerage firm you're interested in to see what their requirements are.
Please, if you are not from the US, do yourself a favor and use Tradezero. Their commissions are way cheaper (0,005 per share using their smart route), you don't pay for ECN fees on SMART route, and if you add liquidity it is a free execution above 200 shares. Im saying this because CMEG kinda shredded my small account ( in CMEG, a 200 shares trade costs me $2,95 x 2 + 400 x 0,0039= around $7,46, on TZ its 400 x 0,005 = $2, and if I get out on the ask its half that). If you're not from US please, save yourself the trouble and go for TZ, there I can even afford to scale in and out without paying 2,95 for every button press
hi, I'm new here, I have a question, how to choose between per share and per trade commissions? Thanks
@@carlosm328 very useful! Thanks!
Thanks a ton 👍. I want to know how do u see what stocks are available for short for the day at cmeg?
Shows on your Level 2 montage near the top right. The is either and ‘S’ for shortable or there isn’t one for not shorts available
Any special fees for OTC pennystock trading?
What market data do you have to purchase to trade the US markets? Says $90/month but doesn’t include market data?
correct $90 I believe is for the platform and $35 for the data. This is monthly.
Please tell me, as of today what are the commissions? Has it changed?
If i already have das trader pro link to another broker, do i need to pay another $125 a month when i open a cmeg account to be able to trade or can i just link the cmeg account to my current active das trader pro account?
CMEG provides DAS and they charge you for it
@@BearBullTraders copy.. thank you for the quick responds.
So let me get this straight if I buy 100 shares off a stock made a profit of 35 dollars I would pay 5.90 due to fees of buying and selling?
When you said you got to pay $25 to locate shares, does it mean just locating them and then you got to pay the commission for the locates?
So helpful! Thank you!
Am I restricted by the PDT Rule as a non American based trader?
Hi MyruFX PDT Rule is an US regulation that applies to US based brokers, does not matter your residency or nationality, if you open an account with an US based broker your account is subject to PDT if you don't have +25K in the account.
Bear Bull Traders Thank you. IB has a UK based subsidiary which is regulated by the FCA and not the FINRA. Do you have any information if it’s possible to daytrade there without being subject to pdt?
@@myrufx6942 IB is great, they have a Canadian branch and I know they are not subject to PDT, could be the same for UK but we don't know. I would give them a call and find out.
Carlos Moreta that would be super super kind of you. For the Canadian one I can only sign up as a Canadia resident or is it possible for me as a german to sign up there too?
@@myrufx6942 good question
A $5,000 account is 6to1 is 30000 not 60,000
Correct was thinking of a $10K account missed up the numbers.
However I did appreciate the information overall
Cmeg no longer provides per share structure as of April 2021 only per trade as I had questions regarding commission fee cuz I just signed up with them . Dose anybody now if this is true of what they told me? Thanks
Yes they have a new commission structure for new clients more info here bearbulltraders.com/brokers/#broker-cmeg
my friend thanks a lot for clarifications but am trade with CMEG since April,2020 and am paying 3.92 $ per ticket + extra fees for ECN & hidden fees also means total for round trip could be exceed more than 10 $. Am asking from whre you got this lowest commission?????????????
his video is shit :-) CMEG is indeed VERY expansive. Check out Tradezero
@@daveleeroth1539 : TZ is ONLY if you are outside the U.S. tho...
Hey I have a question. Do cmeg give you 6:1 leverage on all stocks?
no
Do not set up CMEG account. I just had problem and unable to sold my shares yesterday during the trading hours and the sell order was sitting there highlight ed in blue color and unable to execute and sell. The platform looks like had problem and i was so frustrated and dont know what to do and the price was keep dropping. I try to called them and email them but no one answer or reply. My friends also have the same problems at the same time. We all had profits but end up lossing alot of money because of the platform glitch. The CMEG said is sterling platform has issues but i dont care but someone should be responsible for my loss on that particular trade because we watch the price kept dropping and nothing I can do. Thats my real experience amd all i want to let everyone knows about CMEG company .
Thank you B L , i am thinking to open account with them but now is not any more .
@@vovanminh999 yes lucky the stock i purchased is 2.3 dollars per share, and i loss 6 k at the end. If the stock is over $10, it could be loss over 100k.
I was paper trading that day ... so I got lucky... BUT - They told me that if it was a real $$$ Trade - they would reimburse back to even... Also - Call Sterling - they said they would offer the refund as well... at least I think I heard that!
CedarFX have a 0% commission account
thanks Carlos now i am a big fan of yours but i have to disagree on this plat form and yes i use to use this too and at the end most people dont trade with 100k account like us and this is not suitable for small account people there is a reason why all the big brokers in the US went commission free i saved 68k in fees that now i get to keep for my self so i rather trade less and make more now then wen i use to trade more and pay more and you haven't mention that money can take up to 30+ days in to be return to you due to Money Laundering laws if these guys were to do a monthly service fee instead of a trade charge am sure they would have a few new million new users
This platform and fee structure is perfect for sub 10k account traders learning the ropes.
Yeah I think he mentioned that in the video, CMEG is good for small account but if you have larger account he said you should just switch to US broker like IB.
Hi Satoshi, Thanks for the feedback, I'm with you large accounts no reason to be with CMEG. A lot of brokers that are not direct access, if not all have changed to free commissions. IB is a great example, they created a brand new division for zero commissions IBKR Lite... Why didn't they just change their pro platform to free? There are clear benefits for active traders with direct access and we have yet to see any direct access broker go zero commission. But hey, who knows. The more and more competitive it gets the better it will be for us. So let's hope they keep at each other's throats for our business.
I use tradezero. But I'm not from the US though....
How you like that? Do you use it for scalping, getting into and out of trades in a matter of minutes? Do they have a lot of stocks that you can short?
@@rickyg9498 it's a love hate relationship. Customer service is super responsive. They know me by now. Lol. The issues: filling orders is not that great. This is the biggest challenge I've been in situations where I see the price dropping in TOS or TC2000 charts and my order doesn't get filled. It happ Ned to me twice this week. HTBs price varies d pending on how hot the stock is. Cheapest I've got is 3USD for 200 size for small cap. To save monthly costs I use the web pro platform with hotkeys _ it does it's job but don't rely on anything else besides placing orders and lvl2.
Lastly, the wire fee out is 70USD so I take profits biweekly only if I really need to.
There's good locate inventory compared to cmeg. But cost is per share. Overnight short carry 7X the value of the initial HTB locate fee so beware of that. I do intraday swings. And scalping.
How about you? What do you use?
@@TheTechPapi Thanks for sharing and year not getting filled can be frustrating for sure. That's one thing that is not an issue with CMEG, their fills are really good. If they can get their hands on more short inventory they would be killer!
@@carlosm328 are you using DAS or Sterling platform with CMEG? how much you paying monthly?
❤😮😅🎉🎉🎉
Does CMEG have a ticker margin restriction list? Im currently on F1 and they issue a margin restriction list for "volatile tickers"
its truly disgusting ....
whats the name of the long display behide you?
That's a LG 27 inch (Model: 27UL500-W) I have 3 of them. (2 Portrait mode and 1 landscape) Pic: instagram.com/p/CANU8pWn3Iw/?igshid=v7nn7t1en49z
@@carlosm328Thanks
this is hands down the best and most comprehensive review I have ever seen on this broker.
Glad you liked it!
He said with 5k you would have 60k buying power? If they allow 6x leverage I believe thats only about 30k! Unless I heard wrong or misunderstood..
Awesome video man. i just got my account with CMEG. ive been simulating day training momentum training for the past 4 months and ready to go live. can you make a video about filing taxes with CMEG. i heard it was a difficult process filing taxes with CMEG.
If you are in the US you can check www.greentradertax.com/
Thanks Carlos, great details. I have a question about shorting. Can you elaborate more on the $25 fee you mentioned? If they have a shortable shock, it’ll cost me $25 just to get in and out of that trade?
Cliff Gettings Your welcome. They will charge you $25 to find the stock for you plus commissions and fees. When you cover/close your position you will get charge just the commission and fees.
If you hold overnight there is a reallllyy expensive charge for short inventory (listed on their site). I do not recommend holding anything overnight with this broker too expensive. Good for intraday trades.
Thanks Carlos , I don’t use cmeg , but this info was very helpful in general. Live your recent videos , they’re very very helpful . Khalid from the chat room .
Hey Khalid! Thanks man, will keep more coming have a lot more to share with you guys.
I did a thorough research on finding an offshore broker and of all the ones I’ve reviewed CMEG is the best I’ve found, I’ll definitely be going with CMEG. Slight Bias is they’re located in Trinidad 🇹🇹 👍🏽
King Yedidyah Raiment Agreed. When it comes to offshore brokers these guys are the best.
@@carlosm328 what other offshore brokers are there? ....for US traders
What are their premarket and aftermarket trading hours - if they have them? Thank you.
They won't let you trade before 2 hours before the market opens. I believe it's 2 hours after market closes as well but I have not tested that one out.
They open pre-market trading at 7:30 AM ET and after hours up to 5:30 PM ET. Not bad, for possible earning plays after the close if you are looking for that style of trading.
I'm in the application how do you choose per commission??
With much respect, Your numbers don't make sense to me...
Per CMEG:
Q: What is the commission structure for Active Accounts?
A: Currently, our commission structure is as follows:
• $3.95 for orders of less than 1000 shares and $0.007 for trades of 1001 shares and over for a monthly volume of 350,000 shares.
• $2.95 for orders of less than 1000 shares and $0.005 for trades of 1001 shares and over for a monthly volume between 350,001 and 1,000,000 shares.
• $1.95 for orders of less than 1000 shares and $0.0035 for trades of 1001 shares and over for a monthly volume greater than 1,000,000 shares.
So according to this, you can't buy 100 shares and get charged $0.004 per share because any shares less than 1001 is a per trade cost only. So in my opinion, if you're starting with a small account to avoid the PDT rule, you would have to get $0.08 per share profit on a 100 share trade totaling $8.00 just to break even on commissions alone (which is a great scalp even for the best), and anyone knows not to scale out of that position. Mathematically, it makes no sense to trade with CMEG unless you perform one round trip with a minimum of 1001 shares. I don't imagine anyone who is avoiding the PDT rule would trade that many shares.
As a side note, opening an account with the minimum $500 would be futile if you're looking for profits. Seeing as most people only want to risk 1/5th of their cash balance per day to manage risk, buying 1001 shares of a lets say $4.00 stock for maintenance purposes, would have to start their account with a minimum of $5000.00 and be aware of commission fees, ECN fees, SEC fees, TAF fees, platform fees, data fees, money wiring fees, taxes and etc.. CMEG seems to be extremely exploitive to US citizens.
As someone new signing up for CMEG this video helped tremendously about the commission fees and what to expect with my strategy.
Glad it was helpful!
How has it been cmeg for you?
I don’t short stocks, so I think CMEG is good for me
Based on the brokerage’s location is there any tax filing changes?
Yes and is different for everyone.. You must get with your tax person for the best way to handle.
Thanks alot Carlos for the info.
Hey West Coast Kicks! Hope all is well!
Thank you Carlos.
YW Bao!
Does CMEG offer a simulator? I know IB does but was just curious. I may have to use CMEG based on my finances. I appreciate it!
CMEG offers DAS Trader Pro which comes with a paper account.
What an amazing video. Thank you very much, Carlos.
Thank you 😎
so candid of you. it is a shitty video, make sure you compare: CMEG is NOT good, very expansive !
Hi! Nice video! I dont have an income document, do you think i wont be able to get leverage from them? Im a studet right now and i want to trade with my savings. Thanks!
Great question Hector, I would email them on and see what they advise. Let them know exactly that you are trading with funds you saved. I think it is a way to make sure no funny money is going their way but unless someone is dropping 100K+ every month $10K $5K should not be a big deal. just my 2 cents...
What is their website address?
Really wish the chart had more rows because once you go past 1500 shares the per trade looks better for scaling out.
Yes after a certain size, per trade is more cost affective. But I noticed when traders get to the point that they are taking 1500 to 2000 shares per trade consistently they usually have increased their account balance above PDT and move to US brokers.
Thanks Carlos! Do you have a link to the per share numbers on CMEG? When I look it up on their site it looks like the “per trade” fees are for tickets < 1000 shares and the “per share” rate requires > 1000 shares.
If that’s the case it’s really high fees for us with small accounts and trading small share sizes.
Thanks again for all the info!
Here forums.bearbulltraders.com/topic/122-new-broker-announcement-cme-group/
Hey Ryan, yes per trade is expensive when trading small, and makes it much harder for ppl to get started at those rates.
Ryan, you actually have it right. If you trade under 1000 shares you’ll always pay 3.95 (2.95 with special discounts such as being a Warrior Trading student) and anything over 1000 is the number of shares x $0.004
andrebok007 I started LIVE this week with CMEG and the commission fees are exactly as @Carlos mentioned in his video. I’ve started very very small size (20-100 shares) and I’m only paying $.50 ($1.00 round trip)! Amazing fees for a newbie trader!
Fahad Zakir i just shares the BBT code and followed up with them in email when my account was approved. BTW - it took 3 weeks to get approved because of all the pandemic craziness!
No options is my only problem!
so if i buy 1000 shares will i be getting charged commission per trade+per share+ecn? and when i sell it ill be charged again all these three?????
Hi, you will not get charged per share + per trade, is one or the other. You pick what plan you want Per Trade or Per Share and you get charged according plus any other fees associated with trading.
@@carlosm328 I have an answer from CMEG right now : All trades that are less than or equal to 1000 shares are charged a flat rate of $2.95, where as trades consisting of more than 1000 shares are charged a per share rate of $0.005.
@@morrocanpua3233 so you basically pay 2.95 and when you sell you also pay 2.95 , thats too much..
Hi, Carlos. What do you think about Alliance Trader ? It´s a Jamaica based broker
I use Alliance, and they are... ok.. not great but ok. They don't have a whole lot of shares for short. I am personally using Alliance until my account is large enough to move back to the US, then Ill go with Interactive Brokers. I hope this helps.
@@dfletcher2007 It´s good to know that someone here is using that broker. Thank you
We have a couple of traders using them but the majority are with CMEG that I know.
@@dfletcher2007 Exactly this is a great way to get your foot in the door and get experience as you build your account.
@@carlosm328 Thank you Carlos, I'll give CMEG a try
So if you push the short locate button and they can't find the shares do you still pay the 25 dollars? And if they do find it and you decide you don't want to short anymore do you still have the fee?
The way it works, you enter the ticker and number of shares you want to locate. When you click inquire they will tell if they are available and what the cost per share will be. No charge yet. Once you decide that you want the shares, you click locate and it will prompt a confirmation showing you the total cost based on the numbers of share you want. Once you click ok. The shares will be available for you and now you can short the stock when you are ready and units will be available for you. If you do not take a trade you will still be charged for locating the units for you. If you take the trade then you get charged the commission.
@@carlosm328 thanks bro
Theyre trading CFDs right. Are we actually buying/selling stocks?
If its CFDs the SEC just shut down TRADENET from allowing US clients,do you think Cmeg is next?
What TradeNet was doing is different. CMEG is not CFD, you are actually trading stocks directly to the market.
@@carlosm328 Their website has a CFD option. I dont want to take possession of a stock. That registers me as a Stock Owner with SEC correct?
Are u sure it’s 2.95 per trade because I’m paying over $4 per trade ?
i just watched a video with a guy saying the same thing. did you get the option to get the per share commission structure?
Yeah I’m getting the same too. I emailed them asking them to please place me on the per share commission and they emailed me back saying there is no option to be on a per share plan. If anything it’s per share and also per share on top of that
@@luispaulino7314 that is pretty crazy. i am about to open an account with them. is their das the same as the regular das trader pro?
Awesome. Been using it since the 9th. Question please- i want to scale up per month. Not sure if I should use my money to scale up the account of safely do it with margin. If I'm in a trade and the position is using CMEG's money, does that trade now cost more than usual?
On their website it says that a broker assisted trade is $25. So if my personal money is $5000, and im in a day trade round trip that cost me $8000 to get into - I have to pay $25 per ticket?
You can use margin (their money) at no extra cost besides the commissions and fees.
What they mean by assisted trade is if you call in a trade or need them to manually intervene in a trade for you. You will not get charged $25 if you are using $10K BP on a trade and your account balance is only $5K.
That is for intraday trading and not holding anything overnight. If you hold position overnight there are fees involved in doing that.
@@carlosm328 thank you!
Great video Carlos, Only One question about the process for opening the account. After i open it, hoy I match it with Das Trader platform? And hoy I configure the route CMEG use? Thanks.
Hey Tomas, in the process of opening an account you have to pick which platform you want to use and you have the option of Trader Elite Pro under DAS Trader Pro. The route to CMEG is all setup for you once they give you access to your platform.
@@carlosm328 hi, I'm new here, I have a question, how to choose between per share and per trade commissions ? Thanks
Thanks Carlos! Is the per share structure for less than 1000 shares only for BBT members or for anyone in general?
Hi Sarika! It is not posted on CMEG's site here is the link with the one. forums.bearbulltraders.com/topic/122-new-broker-announcement-cme-group/
I’m wondering the same thing.
Good video Carlos. A simple math though, if you haven't already noticed..for 5k acc , margin won't be 60k
Thanks Mathew! Yea I noticed that and another error reading the commission chart per share I said $5 when it was $4! 🤦♂️
Too much number crunching. Was thinking of $10K & $5k account mixed up my thoughts, but was not going to redo video lol.
@@carlosm328 , nothing to be taken negatively. I wouldn't have done that information transfer anywhere close to you have. Good work overall bro!
I read, in a couple of websites, that the so-called standard account is a "no commission" one. Is that actually true? Does it restrict the # trades per day relative to the "active" type accounts? It appears to allow margin trading too, so that seems to be a pretty good thing. I'm planning to use a third-party platform for charting, so all I'm really looking for is something to buy and sell, no frills. Also, do they allow margin on leveraged ETFs? Thanks in advance, a also apologies for asking three questions in one "comment"
Gus
How hard is it to close your account after reaching your 25k goal?
Hi Diego, what do you mean by "hard is it to close"?
Hi Deigo, It is not hard at all. You simply submit a withdrawal request of your funds and they will get the process started. As I mentioned in the video getting your funds will not happen in 2 to 3 days. It takes a lot longer. What I have seen traders do is as they get over a certain amount let's say $15K, they withdraw a few thousand. Keep trading in CMEG until they have withdrawn enough to open an account with $30K ( you do not want to be right at $25K) This takes a lot of time, not easy but possible.
After speaking with my bank, I decided not to do this only because once you wire money, it is gone. I decided to just stay within the US and swing trade.
@bearbulltraders how long did it take to open an account with image because its been 14 days and they keep messaging me asking for additional documents such as tax documents and despite the fact I submitted a 3-month bank statement. Also, it mentions something about working for uber and doordash which I don't work for neither. I'm start to get a little irritated in this process because i call and they say they can't tell me anything over the phone I'm starting to lose trust in this broker already. Your feedback would be great thanks
Hi cloven spark, which broker?
@@BearBullTraders cmeg they keep tell me they emailed the department that handles me account I haven't heard anything in since last friday. However I signed up on may the 27th. I feel like they dont want my business. I thinking about going with td ameritrade now. I want to join to get around the pdt rule
@@10thplacedaytrader Their sign up process is a bit painful. Part of it is that they are not allowed to solicit business from anyone in the US so they are very careful about that. Hopefully, you are able to work it out with them. Day Trading under PDT rule is extremely difficult, almost impossible to do it effectively.
@@10thplacedaytrader : It took me almost 2+ months to get my account open with CMEG... Have to just keep sending them what they ask for... Once it is done tho - your in... Just have to hang in there and deal with it!...
Hi, For $.004 need use Smart route ? Which is SMART route in CMEG ?
at least in sterling its called SMART and its .0025 per way (in and then charged again on the way out)
@@parall4x Does it work for less than 1k shares though? Or is it still $2.95/trade for less than 1k shares?
Hi Carlos! Thanks for all the videos and information. Unfortunately in Canada we cannot use CMEG. Which broker would you recommend for a Canadian trading in a small account? Thanks again for everything you guys do :)
I see the Per Trade is CHEAPER. Buy 1000 for $2.95 and then Sell that same 1000 for $2.95. Remember for ever Penny a stock goes up per 1000, your making $0.10.
hey Carlos good video. Curious about the locates on CMEG as i do like to short. Not penny stocks. Typically stocks in between $20-$150. I've seen some other videos where people have said it's hard to locate shares for any stock. Please follow up. I did post this question before the video finished. So what do you think? Kind of on the fence now about going with them at all. thanks
Awesome video thank you, just one thing. 5000 x 6=30,000 not 60,000 lol but I got all my questions answered hope hopefully will be up and running soon
i exclusively short but only have 10k. Think ill have to put up with the fees until I can open an account with cobra
Love CMEG. No PDT!
The best option to get around the PDT rule and that 6 to 1 margin is also pretty nice...
Trying to get approved for CMEG im so sick of the PDT rule that makes it so hard to trade to keep people working normal jobs... guess ill be sending money out of country... that rule alone is going to make me buy everything out of country.
Thanks Carlos! I know you guys play AMD all the time.... does it cost anything to short AMD? I’m assuming for the bigger company stocks that those are “easy to borrow” and you can short whenever you want right with zero additional fees on CMEG???
So, do I as the user, get to decide if I want to use the Per Trade or the Per Share structure? It's one or the other right? Not both?
Absolutely right about CMEGs short inventory. Also, the per share commission fee only works with the LAMP route. Using alternate routes like ARCA will incur regular 3.95 per trade fees. I learned this the hard way this past Monday when the LAMP route was down. Contacted customer service after seeing high commission fees and they explained it. Doh!
Does the per share work with trades under 1000 shares? It looks like on the CMEG site it’s only for trades with shares > 1000.
Same to me. Lost $300 instead win $ 45 as normal comision. The fault is that was a problem related to him not us and they never never tell me about different comissions and fees for different route. It is no good
any problems getting fill? what about slippage,any issues?? of course compared to Direct Routing.
i don't even see LAMP route in my sterling-cmeg ...... you using DAS?
@@parall4x : I use SMART with Sterling - and I think it's the same...
how about the option contracts? is there specific pricing for option?
Are these commission values still accurate
Very helpful and informative. Would like to know about the risks associated with the Margin
Can you day trade with a retirement account
any advice on managing your commissions in CMEG?
Hey! I actually started trading today with CMEG and I did a total of 14 tickets and i was charged around 55.06 in commissions is this correct? I bought mainly 100 shares of high volume/ low cap stocks and 1 premarket trade
Yes the commission is 3.95 per trade
Tradenet
Thanks for the video. Very useful!
nickle and dime
how come CMEG is the best...? It is EXTREMELY expansive, perhaps you are paid by them, but if not, have a look at Tradezero my friend... they give the exact same thing as what you are saying about CMEG (the only difference really is that with Sterling, you get LULD with CMEG, whereas Tradezero does not have Sterling). Your review is very limited to say the least, not to say that CMEG locate fee for HTB is $25 flat fee! This is very expansive
...But isn't TZ only available to NON U.S. traders?
So let's say if I want to use DAS and CMEG together I would have to pay around 130 bucks altogether or do I have to pay for CMEG and das seperately with a total of around $250?
you pay $125 a month. that's it
Has anyone ever done a big withdraw with cmeg? I have been building my account for about 3 months now and recently went on a hot run and would like to pull out 50k but kind nervous... not sure how cmeg would take that and also if it is safe to do that big of a wire transfer
lol do you think they are just going to hold your money hostage? im not sure what the wire limit is but you'll be fine
If you go with CMEG, make sure you video all your trades. Watch out for their immediate price reversals when you enter a trade, which will bleed your capital over & over again. They appear to trade against their clients. So, keep an eye out for their price reversal strategies with video recordings, then you can catch them in the act if you ever wish to file a complaint against them, you will have proof.
@Brett Goodley you & ur friend smoke crank, I believe it. That makes you say the things you do. You want me to believe that you trade at all, so why comment on things you don't understand or experience?
wait you can choose from per share fee and ticket fees with CMEG?
Please see the updated commission structure
👉 bearbulltraders.com/brokers/#broker-cmeg
6-1 margin on a $5000 account is $60000? I thought it was 6 X 5 which is $30000
can you not do simple math lol. its 30k
Dose ECN fees apply to per trade commission?
Please see here bearbulltraders.com/brokers/#broker-cmeg
CMEG broker can trade OTC markets?
No
CMEG Vs TradeZero. Which one is better?
don't think tradezero lets US folks avoid PDT. if you're outside US it would be a comparable option...i think
You can only trade 7:30 am to 5:30 pm.
So limited in the premarket and AH?
@@EvanEvansE3 yeah
CMEG actively trades against their clients. I was a 'long' biased trader with them. Followed the rules of increasing volume, good price action, stop-loss prepared, enter the trade and immediately the price reverses - all the time, for almost one year. Over & over again, this reversing pattern kicks in 2-3 seconds after my order is placed. I didn't want to believe it, but in the end I had to accept that CMEG is actively trading against their clients.
If you do decide to open an account with them, trade small and watch out for this reversing pattern, it isn't a coincidence that it happens. Not after hundreds & hundreds of trades.
Well, now that so many more people are trading, keep in mind that most are doing the same steps that you are doing. So that means you need to get in a bit earlier and get out a bit earlier the the plan you have. If not, by the time you follow your textbook rules, the reality is showing a price drop before you exit. I have heard same thing from others using the well-known steps for entry and exit. Try in simulator and see if the outcome will help decide
@@YouStillNeedToSleep Hi Back Kile, what is your experience in stocks and trading?
Ive won like over 70% of my trades with them so far. Only problem is commissions if you tend to overtrade. My Not an Algo channel has live trades. So maybe you gotta work on picking better setups my guy. cmeg is not for newbies, you need serious high quality entries and not over trade. Or commissions will eat you.
@@scottiZepidemic Hey Scott, I understand what you are saying, completely. I have traded before several years ago and got back into it a couple years ago, studied up and was very careful with my trades & my money.
The problem with CMEG is that my lives trades differ tremendously from the simulator trades. With my careful strategy in the simulator, I would have comfortably made consistent profits, albeit the profits were greater than the losses. I didn't even think about the commissions because they won't compare to the profits I made in the simulator. I averaged about $2-3k most nights. My best trade was almost $32k in 15 minutes, scary for me.
But the live trades immediately went against me - repeatedly, I couldn't believe how persistent their system works against my trades. I tested many stocks in the simulator, being extremely cautious of their counter-strategy. I found many good setups, stocks with catalysts etc, but as soon as I entered my live account, BOOM!, the price spikes in a reverse pattern again & again - it's instantaneous.
I have no choice but to accept that CMEG is a scam company. They do a 'stop-hunting' strategy to kill your account.