MPFC 0 Posted July 29, 2022 Hello All, It looks like our friends at CMEG are having some ClearingHouse issues. A ton of tickers have 100 - 75% margin requirement. If this continues, I have a feeling they will go out of business. No more 6:1 margin on $500 accounts! Share this post Link to post Share on other sites
mortforshort 3 Posted July 29, 2022 Very disappointing , the time and effort put in to setups. Hope everybody can find a new home so they can trade. Share this post Link to post Share on other sites
Johnny_Guinness 1 Posted July 29, 2022 If I win the mega million, maybe I can trade with IB. I will be pulling my short equity from CMEG soon. Definitely changes things... Share this post Link to post Share on other sites
Johnny_Guinness 1 Posted July 30, 2022 For under $500 absolutely, it's always been that way. But for over $500, specifically $2500, it's been 6:1. That is no longer the case. Accounts over $2500 no longer have 6:1 leverage Share this post Link to post Share on other sites
mortforshort 3 Posted July 31, 2022 They just introduced 60 pages of restricted margin stocks. This effects all margins not just the smaller accounts Share this post Link to post Share on other sites
mortforshort 3 Posted July 31, 2022 Just closed my account with CMEG. This shuts off my DAS/trading setups. Not setup to trade at IB or any prop firms. Have some amazing custom software setups with subscriptions that I will have to shelf.. Ugh (BBT/Trade-Ideas / Tradingview). Best of luck to all the great folks here and there trading. Keep it GREEN!! Share this post Link to post Share on other sites
Alastair 111 Posted July 31, 2022 17 hours ago, mortforshort said: Just closed my account with CMEG. This shuts off my DAS/trading setups. Not setup to trade at IB or any prop firms. Have some amazing custom software setups with subscriptions that I will have to shelf.. Ugh (BBT/Trade-Ideas / Tradingview). Best of luck to all the great folks here and there trading. Keep it GREEN!! Thks for the heads up.. Wht is the objective of CMEG with this new position ? Do they want traders to increase the size of the accts ? Is it that they need assets (i.e funds in the traders acct) to justify being a broker ? Maybe its better they issues a doc with tickers that give the 6:1 margin. Can u post the doc here ? Share this post Link to post Share on other sites
mortforshort 3 Posted August 1, 2022 Here ya go .... 60 pages in pdf form Margin Restriction List by Symbol.pdf Share this post Link to post Share on other sites
Drew 4 Posted August 1, 2022 Yeah this has really stung my ability to scale up. I'm hoping the margin req increases are short-lived, so I'm willing to wait until end of August otherwise I'll be looking for alternative brokers/options. Share this post Link to post Share on other sites
NATE 0 Posted August 2, 2022 I just signed up for CMEG and saw this Margin Restriction list. I’m now hesitant to commit. Is this the norm? Is it still possible to profit (significantly) with so many stocks’ margin requirement at 100% (some even 125%)? Seems like it would be hard to scale up. (This would be my first live trading account, so my experience has been limited to SIM up to this point. I’m not aware of any other reputable broker for traders with <25K.) Share this post Link to post Share on other sites
Alastair 111 Posted August 2, 2022 They claim to have made adjustments/improvement to it starting today. I have not been able to confirm if it has an improvement. A few of the tickers are not as low as before for some tickers but have not made a comprehensive examination inside DAS. Share this post Link to post Share on other sites
Drew 4 Posted August 2, 2022 I’ve just finished trading today and the margin requirements looked to back to normal, around 17%. So I was able to scale up and trade just fine Share this post Link to post Share on other sites
Drew 4 Posted August 2, 2022 1 hour ago, wicket66 said: I just signed up for CMEG and saw this Margin Restriction list. I’m now hesitant to commit. Is this the norm? Is it still possible to profit (significantly) with so many stocks’ margin requirement at 100% (some even 125%)? Seems like it would be hard to scale up. (This would be my first live trading account, so my experience has been limited to SIM up to this point. I’m not aware of any other reputable broker for traders with <25K.) It’s not normally like this and CMEG have had the feedback it’s not acceptable and reverted back (from the tickers I trade). Share this post Link to post Share on other sites
NATE 0 Posted August 2, 2022 Thanks so much guys. I really appreciate it. So helpful. Share this post Link to post Share on other sites
MPFC 0 Posted August 2, 2022 (edited) The list which they posted a few days ago has gone down to 12 pages....from 60... So, some tickers are still restricted (AMD @ 60% QQQ @ 100% etc) but a lot are back to 16% (NVDA, AAPL, OXY, NIO etc) I was able to trade NVDA with full margin today...I hope it stays like this. Edited August 2, 2022 by MPFC Share this post Link to post Share on other sites
