In this CMEG review, we’ll cover the PDT rule, margin requirements, offshore brokers, order executions, pricing, account management, and competitors. CMEG is an offshore broker with several different platform choices, the best of which is a customized version of DAS Trader. Also, the commissions are comparable to brokers like LightSpeed, and the speed of executions is good enough to be taken seriously.
There are alternative brokers available to traders who are not just looking for a way around the PDT rule but also want fast executions and a powerful trading platform with a clean and simple user interface.
What Is CMEG? (2026 Review)
CMEG is Capital Elite Markets Group. As an offshore broker, they’re not registered with the IRS. But they do follow the Foreign Account Tax Compliance Act. So they send your trading information to the IRS. When asking yourself, “Should I stick my money here and trade? Is it safe?”
We are telling you yes, it is! CMEG is a lesser-known entity and a hidden gem in the trading world. Many people may confuse them with CME Group, one of the world’s largest trading exchanges. Don’t confuse the two! A lot of people get confused. The logo is below, so you’ll know.
Capital Elite Markets Group has existed since 2013 and is much more than a “trading platform.” However, in fairness, we haven’t tried its other offerings, such as portfolio management or banking. We’ve only used them for trading. Chances are, that’s all you want them for.
You may have come here strictly because you’d like to find a list of no PDT brokers. Well, here at the Bullish Bears, we have tested CMEG and found it a great choice for us and our members. Below, we will cover some of the facts about CMEG.
Pros & Cons
- Pros
- No PDT rule
- Multiple trading platforms
- Available to U.S. residents
- $500 account minimum
- Solid short list availability
- Cons
- High fees and commissions
- Lack of regulation by FINRA, SEC, or SIPC
- Withdrawal of money can be slow
- Not available to Canadian residents
CMEG Pricing (2026 Fees & Costs)
| Platform Fees | Margin Call | Real-time Market Data (default) | Commission Fees | |
|---|---|---|---|---|
| CPro | $59/month | $25 | $29.50/month | $0.0005/ share; min. $0.30 per order; max. 1% trade value |
| CAP it ALL | $0/month | $25 | $3.50/month | 0.05% of trade value |
| DAS Trader Pro Sterling Trader® Pro | $224/month | $25 | $26/month | $0.0005/ share; min.$0.50 per order; max. 1% trade value |
Visit CMEG’s website for updated pricing here. (Updated 3/26)
The Active Trading Account is subscription-based; it includes a monthly subscription of $115 for software access and $35 for market data. These charges are not prorated.
Your account will be billed from the activation date and charged on the last day of the calendar month. Fees are not prorated.
You can request to suspend your account; suspended accounts do not have access to the platform and do not incur software and market data fees. However, inactivity fees will still apply.
Available leverage is based on the account balance at the start of the trading day:
- $500 or less 1:1
- $500 to $2499 4:1
- $2500 and over 6:1
- Overnight margin is 2:1 (not applicable to accounts under $500)
The minimum amount needed to open an Active Trader Account is $500.
Margin Rates
To open your account, you’ll need at least $500 for a 4:1 margin; anything above $2500 gets you a 6:1 margin. This doesn’t mean you should trade volatile stocks on margin with a small account unless you are experienced and aware of the risks!
If you are an active trader looking to take this very seriously, you will select active trader during sign-up. This gives you access to a customized version of DAS Trader, which they have branded Traders Elite Pro.
Their software fee/Nasdaq data fee is $150.00 a month. You may find this a little expensive. While it’s more expensive than TD Ameritrade, if you are trading actively and looking for the fastest execution speeds, this is a small price to pay. Also, you can paper trade with this platform, which you know we highly recommend!
Yes. ECN fees would not be much different from what clearing firms generally charge. You may contact us if you would like more detailed information.
Stocks priced at $4.00 or more would require a 16% Maintenance Margin. For stocks priced below $2.00, the Maintenance Margin would be 100%. A detailed margin schedule is available in our Client Resource Centre.
The base currency for all accounts is USD; accounts can only be funded with US dollars.
To withdraw funds from your trading account, you must submit the Wire Transfer Request Form in the Account Management Portal under Resources. Verification and approval generally take three (3) business days. Please also allow 3-7 business days for the wire to arrive in your account.
They have had many complaints from customers about frozen accounts, ignoring withdrawal requests, and overall unresponsiveness.
The following interest rates are based on the position value:
- $0 to $100,000 – 7.5% APR
- $100,000.01 to $1,000,000 – 6.5% APR
- $1,000,000.01 to $3,000,000 – 5.0% APR
- $3,000,000.01 and above – 4.5% APR
CMEG Features and Trading Platform
Can You Day Trade Under $25k at CMEG? (PDT Explained)
CMEG is located offshore, which means it’s not under the restriction of the PDT rule. The rule that defines a “pattern day trader” is any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the person’s total trades in the margin account for that same five-business-day period.
Remember, however, that if a broker is outside of the US and isn’t registered with the SEC and FINRA, that could be bad for you as the customer. You aren’t protected from things like disputes, audits, and any oversight by the broker.
Being able to trade as many times as you like without having $25,000 might not be worth that risk.
Yes. Our Traders Elite Pro is a customized version of the DAS Trader.
1. Risk management, including maximum loss per account (if the maximum loss is reached, the account would be disabled),
2. Limitation of additional orders once the maximum position size has been reached.
A: Yes. All of the account management functionality provided by the DAS Trader would be available.
In the Montage, there is a drop-down to the bottom right; you can switch between your live and simulator accounts here.
To check shortable stocks on the platform, you can go to the “Trade” menu and select “Short List.” You can enter the stock symbol to search for stocks you want to short.
Lightning-Fast Executions
CMEG is fast with its trade executions. You are also getting editable hotkeys, which are extremely important when trading anything, not just volatile stocks.
You’re asking for trouble if you try to day trade penny stocks without hotkeys or a Stream Deck. We’ve found that when using Traders Elite Pro, our orders fill more quickly than those with some of the other leading trade platforms. Speed is super important when I day trade. Sometimes, I’m only in a setup for a few seconds or a few minutes.
Opening the account takes 5-7 days to get your application approved, account set up, and funded. It would be best to have a mainstream big bank supporting overseas wires.
We discovered that one of our members’ local credit unions would not send wires internationally. When you send your wire, it takes 3-5 days to clear.
There have been complaints from customers that their withdrawal requests get delayed or ignored. And their accounts can get frozen. This is an offshore broker, so these issues aren’t surprising. Keep that in mind when considering your choice of broker.
To ensure that accounts remain within overnight margin limits, CMEG notifies clients who may be in breach and liquidates as necessary from 3:50 pm EST.
Currently, CMEG does not issue a restricted stock list.
CMEG does not share in clients’ profits or losses that occur as a result of the software provided by third-party suppliers. Please view disclaimers in the Legal section of our website for more information.
In the Report section of the Account Management Portal, you can run various trade performance reports.
For urgent trade requests, you can email brokerage@cmelitegroup.com. If you require a broker-assisted trade, please provide clear instructions. We can also be reached directly at (868) 222 579 or (868) 225 6155 or (212) 203 4237.
An Active Trader has a trading volume of at least 750,000 monthly shares.
Yes, Interactive Brokers is currently one of our clearing firms.
Availability by Region (U.S. & Canada)
U.S. Persons – In the case of Capital Markets Elite Group Limited, U.S. Persons must understand that Capital Markets Elite Group Limited is registered as a securities broker-dealer in Trinidad and Tobago but is not registered or licensed as a securities broker-dealer with the U.S. Securities and Exchange Commission or with any other regulatory authority in the U.S. Therefore, Capital Markets Elite Group Limited is not permitted to solicit business from U.S. Persons. Suppose you are a U.S. Person attempting to do business with Capital Markets Elite Group Limited. In that case, you will be required to certify to them that they have not solicited you and that you approached them without prior solicitation by them.
If you are a U.S. Person and cannot make that certification truthfully, you should not attempt to open an account with Capital Markets Elite Group. Suppose you can make that certification truthfully and choose to open an account with Capital Markets Elite Group Limited. In that case, you should be aware that you will not receive protections that might be afforded if Capital Markets Elite Group Limited were registered as a securities broker-dealer in the U.S.
Canadian Persons – Capital Markets Elite Group Limited does not offer services to Canadian residents or persons using a Canadian bank account or a credit card issued by a Canadian financial institution.
CMEG Customer Reviews
CMEG has approximately 241 customer reviews on Trustpilot with a 3.8 TrustScore (Great as of March 2026).
Bottom Line: Is CMEG Worth It?
In conclusion, CMEG is great if you need low fees, fast speed, a customized DAS, no PDT, and the best hotkeys.
Important Notice:
Capital Markets Elite Group Limited is not affiliated with The Bullish Bears LLC. We don’t have any authority to make any representation, recommendation, or commitment for them. We provide recommendations of various brokerage firms based on our evaluation, and not for those firms.
We may receive commissions on purchases made from links in this article. Our editors independently researched the information in this CMEG review.
Frequently Asked Questions
You may be eligible to open an account with us if you have not been asked by us, neither directly nor indirectly, as indicated on our website.
No. Since we are regulated outside the United States, that rule would not apply.
To meet CMEG’s jurisdictional account opening requirements, clients are required to submit two (2) forms of government-issued photo identification, one (1) document to represent proof of address, and one (1) document to represent proof of income.
The Standard Accounts are designed for persons who wish to hold positions overnight or trade long-term. The Active Accounts are designed specifically for day trading.
Application processing takes 3-5 business days once all the documents submitted meet CMEG's requirements.
Yes. A fully functional simulator account is included with your subscription to the live trading platform (Traders Elite Pro).
Your username, password, and all other relevant account details will be provided in your Account Approval confirmation, which will be emailed. Be sure to keep the email for reference.
Your account must be activated to receive market data and to trade. Accounts are automatically activated upon funding; an email will notify you.
