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Capital Markets Elite Group

Trinidad and Tobago|2-5 years|
Suspicious Regulatory License|High potential risk|

https://www.cmelitegroup.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

United States 5.56

Surpassed 49.92% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 (829) 956-5161
clientservices@cmelitegroup.com
https://www.cmelitegroup.com/
9th Floor Albion Plaza, 22-24 Victoria Avenue, Queen's Park Savannah, Port of Spain, Trinidad and Tobago.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+1 (829) 956-5161

English

+44 (207) 993 6276

Broker Information

More

Company Name

Capital Markets Elite Group Limited

Company Abbreviation

Capital Markets Elite Group

Platform registered country and region

Trinidad and Tobago

Company website
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YouTube
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Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Capital Markets Elite Group · Company Summary

Registered Country United Kingdom
Regulation No regulation
Incorporated Years 2-5 Years
Company Name Capital Markets Elite Group Limited
Minimum Deposit $500
Demo Account Available
Maximum Leverage 1:200 (forex trading)
Minimum Spreads From 0.8 pips (forex pairs)
Trading assets Equities & ETFs, Forex, and CFD, Options
Trading Platform Stearling Traderpro, DAS Traderpro, MT4, MT5, Takion
Payment Methods N/A
Customer support Telephone, Email, Online Chat, Facebook, Twitter, Linkedin, Instagram, Youtube
basic-information

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.

regulation

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.

market-instruments

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.

trading-platform
trading-platform

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

Pros Cons
Multiple trading platform options, MT4, MT5 No regulation
Demo accounts available High inactivity fees
Average selection of trading accounts provided
High trading fees, platform fees
Only two types of trading accounts available
High minimum deposits

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.

News

WIKIFX REPORT: Capital Markets Elite Group provides opportunities for local investors

NewsWIKIFX REPORT: Capital Markets Elite Group provides opportunities for local investors

2022-07-28 12:18

The opportunity is awaiting Trinidad and Tobago and Caribbean investors to become fully involved and integrated into the international trillion-dollar financial technological industry, says Duke Pollard CEO and founder of the T&T-based Capital Markets Elite Group.

WikiFX
2022-07-28 12:18
News
WIKIFX REPORT: Capital Markets Elite Group provides opportunities for local investors

User Reviews

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3

Comments

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FX1263301479
more than one year
I've been wanting to try trading on Capital Markets Elite Group platform for a long time, the platform came in the first time. Everything is clear and clear. Sometimes there were questions, the support service quickly helped in solve problems.
2023-02-28 11:06
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0
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FX1204247012
more than one year
A friend recommended me this broker several days ago, and I checked its official website today and discovered that this broker is seemingly professional, multiple trading platform options, online chat provided, two types of trading accounts, but it does not hold any license at all. So, it is not a good choice.
2023-02-14 10:19
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0
0
吴晓敏
more than one year
I can't even trade commodities, precious metals, indices and cryptocurrencies with this company...why doesn't it offer these popular instruments?
2022-12-08 09:56
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0
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