Going offshore to escape the CFTC

[Clint]

@OnTheEdge

I heard about this broker while looking into trading stocks.

The Broker is cmelitegroup. I don’t want to post a direct link not only because it’s my first post but you have to sign an Indemnity Agreement to access the site and I’m not sure if a link on another site would invalidate that maybe @Clint could check that out.

I took a quick look at CME Group, a.k.a. CMEG, Capital Markets Elite Group, and cmelitegroup.com mentioned by Gregory (screen-name OnTheEdge) above.

This broker is domiciled in Trinidad and Tobago, and claims some sort of partnership with ETX Capital (FCA-regulated broker in the UK).

Regarding the Indemnity Agreement which Gregory referred to: Here’s a screen-shot.
Click the image to enlarge it.

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Personally, I have no problem with such a Disclaimer. In fact, I like it. I think all offshore brokers should operate this way. You may recall a POST I wrote a long time ago suggesting something similar.

Anyway, thanks to Gregory for pointing us toward this prospect.

I’ll ask the rest of you to dive in and vet this broker further.