CME Group Account Type

　　CME Group offers a variety of account types to cater to different trading needs. The main account types include:

• Clearing Accounts: These accounts are essential for members and firms to clear trades. They assume financial responsibility for all transactions executed through them.
• Brokerage Accounts: These accounts allow traders to place orders through registered brokers. They can vary in terms of fees, technology, and permissions.
• Individual Membership Accounts: These accounts enable members to trade CME Group products at discounted rates. There are different levels of memberships, such as:
• Full Members (B-1): Trade all financial and agricultural futures and options contracts.
• Associate Members (B-2): Trade all financial futures and options and agricultural options only.
• Government, Instruments Market Members (B-3): Trade financial instrument futures.
• Index, Debt, and Energy Market Members (B-4): Trade fed fund and index futures.
• Commodity Options Market Members (B-5): Trade options.

　　

CME Group Broker Account Opening Process

　　To open a broker account with CME Group, follow these steps:

• Choose a Registered Futures Broker: Select a broker that supports the products you are interested in trading.
• Complete the Application: Submit a typewritten electronic application that includes educational, employment, and residential history, along with a financial statement.
• Pay the Application Fee: A non-refundable application fee of $2,000 must be wired.
• Provide Required Documents: Include a signed letter of intent, a current trading account statement, and a copy of an unexpired passport.
• Account Approval: Once your application is approved, you have 30 days to acquire a membership via purchase, lease from a current member, or firm transfer.
• Set Up Trading Account: After acquiring a membership, set up your trading account with the broker, specifying the necessary permissions, market types, and credit controls.

　　For additional details, refer to the specific guidelines provided by your chosen broker or visit the CME Group's official website.