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Jay

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Posts posted by Jay

  2. Posted

    Hi David

     

    -> The commission structure is 0.004 per share + 0.0025 ECN per share with minimum $0.50 per ticket.

    I haven't had any issues with CMEG. 

    -> I have noticed that short list is getting better and is some instances it's better than IB as well. IB is better most of the times but CMEG is not that bad for an overseas broker. I think it's the best option for small beginner traders.

    -> Customer service is a hit or miss. They are good in looking after requests like change in daily stop loss limit or any general questions are usually answered pretty quickly. BUT, if you face any issues that they are not aware of or know how to fix then the technical support is a hit or miss. I had a technical issue and spoke with 3 representative with vague stupid answers. It was clear the the first 3 representatives didn't have a clue of the issue I am facing even after a week since my original email was sent. The last person I spoke with was a gem and provided me with a proper answer and fixed the issue. 

    -> It usually takes 1-2 business days for my transfer to reflect is my CMEG account. That is from Australia to Trinidad and Tobago.

    I am happy with CMEG as you won't face the above issue that often. It's very very rare.

    The fills are excellent, margin is good, commission structure is excellent, client services is excellent, technical support is average.

     

    • Like 3

  3. Posted

    Looks like the per share commission is better but the minimum ticket commission is $3.95.

    If you trade large number of shares (>988 shares) to cross that $3.95 mark then SAGSM/SAGSL looks better than the deal we have.

    Otherwise, we have a better deal at a minimum of $0.5 per ticket

  4. Posted

    Hey guys

     

    Got an email from CMEG that we got a new route SAGSM. Looks good. Better commissions than what we get with the coupon code. I can see that I have SAGSM route in my DAS route dropdown box.

    Did anyone try this route on 24/07/2019 as looks like they introduced it this morning?

    If you did or are thinking of giving it a try, please post your feedback.

    image.png.41a2dcd1f13b421d79c1302f8c9467d2.png

     

    Thanks!

    Jay

     

    • Like 1

  5. Posted

    Hi there

     

    Is anyone of our BBT members living in Australia who is into the BBT style trading?

     

    If yes, please reply back to this forum. I don't see many members in our community from Australia. If there are, would love to know them.

     

    Thanks!!

    Jay

  6. Posted

    15 hours ago, Carlos M. said:

    UPDATE: 

    As of 10:30 this morning, I received an update from CMEG on the current issue:

    1. Statements are being adjusted to the correct BEARBULL commission structure. If you look at your statement now you will see yesterday will be showing correctly and by the end of the day, you will see the rest of the days also adjusted. 

    2. Programmers are working on fixing the issue, so it does not keep occurring in the future, but if it does happen while they are working on the change, they will address the fees and correct statements. 

    From my end, I see that CMEG is doing an excellent job staying on top of this issue and making sure everything is corrected and working forward. Please be patient as they get this all resolved. Thanks everyone!

    FYI:

    Please make sure that your platform is up to date with the latest version and that you are using the LIMIT and MARKET routes on your hotkeys and hot buttons on montage. Also, make sure you are using DAY as the time in force on Hotkeys and hot buttons as well. 

    Thanks for the update. Report looks good. I think they forgot to fix the ECN fees. We are not getting the ECN at $0.0025 per share but is calculated dynamically depending on the liquidity. Not a deal breaker if CMEG try to fix it without breaking the commissions. Yesterday I paid almost the same ECN as my commissions which is a bit distressing but way better than $3.95 commissions that I was paying for the last few days..also got the reimbursement this morning.

    If you contact CMEG again, please let them know the about the ECN issue. 

    Thanks for all your support. No doubt CMEG is listening to us specially when you have a contact with the higher authority there. Talking with tech support is a hit or miss. 2/3 times I was served by people who didn't have a clue what's happening and gave false promises but the one guy in tech support I talked to yesterday was very helpful and looked at my trades real time to figure out the route and commissions.

  7. Posted

    15 hours ago, david10p said:

    Hey Carlos, 

    I did not have this issue on 7/11 and 7/12, but I had it yesterday(7/15) where they applied the old rates to my trades.

    Today(7/16) I noticed that when I executed orders using hotkeys, same script I've been using for the past few months, it got routed through ARCA while my stop order got executed through LAMP.

    I have already sent them an email but I'll email you just to be on the safe side.

    Hi David

    Ahh that's bad. I have been facing this issue since 7/11 but if you faced this on 7/15 and 7/16 that means that this is getting worse instead of getting better.

    I have been in touch with CMEG but they told me that they are coordinating with DAS to find a fix. Working in IT myself, I know that this might take a long time as they are not able to figure out the cause of the issue.

    As per Carlos in the chat yesterday, they should fix it by Wednesday but I am not sure as the response given to me was vague.

    This is bad as I only started live trading last week with a positive week but then got struck by huge commissions. I will need to take less partials now until CMEG fixes the issue. 

    The weird part is that this is happening to some users and not all the BBT members. Not sure why I am cursed.. lol.. Thinking of moving to Alliance but that will be another 1-2 weeks of process transferring my funds from CMEG to my bank to Alliance. Plus, need to pay the withdraw/deposit fees. The best bet is to give CMEG some time to fix this issue. Until then, limited trades and SIM trading for me.

    @Carlos M. Relying on you buddy.. You got direct contact with CMEG but we get vague answers from the customer service guys. Hopefully it's back to normal in no time. Thanks for all the help with this issue.

  8. Posted · Edited by Jay

    Hi guys

     

    Just wanted to share this with you after I bought a mouse that could mimic a lot of shortcuts for charts on DAS trader. I am so excited to trade!

    I have set mouse shortcuts for 1 min, 5 min and 1d charts that I use. 

    Also, the best thing is that I have set a button to mimic SHIFT on the keyboard so that I can zoom in an area on chart without actually pressing and holding the shift button on the keyboard.

    This mouse also has a ratchet scroll wheel which means it can scroll freely if you push it hard enough. This makes zooming in and out a breeze.

    I think the new Logi Master will be coming out soon (later this year) but for now, this is perfect.

    It's a small change but will make my trading life hell a lot easier. Below is a screenshot of the settings I am using. Hope it helps.

    image.png.6883971d5ec3723ef036f5685c738e89.png

     

    • Like 1

  10. Posted

    Hi Bryan

    I got an email from Alliance that my account is approved and good to be funded. I now have active accounts with both CMEG and Alliance.

    Not sure though where to put my money in. Waiting for CMEG to get us the new fees structure and will then decide whether to go for CMEG or Alliance.

    If we look at the website and the email response from both CMEG and Alliance, CMEG looks a bit more professional to me. 

     

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