CMC Markets Plc CMC Markets launches new CMC Pro offering
30 April 2018 - 5:45PM
RNS Non-Regulatory
TIDMCMCX
CMC Markets Plc
30 April 2018
CMC Markets launches professional trading offering: CMC Pro
-- CMC Markets launches new CMC Pro offering, allowing
professional clients to continue using their current leverage
rates
-- CMC Pro also gives professional clients access to a number of other premium benefits
London, 30 April 2018 - CMC Markets, a leading global provider
of online trading, has announced that it will be offering its
eligible existing and new clients the opportunity to switch to its
new CMC Pro account.
Following the recent announcement by the European Securities and
Markets Authority (ESMA), retail clients will no longer be able to
trade using current leverage levels.
This regulatory intervention is set to change the dynamics of
the industry, with regulators setting margin limits for retail
clients, not the providers.
In response to these changes, CMC Markets has created CMC Pro -
a new account type that allows professional clients to continue
trading at their current leverage levels.
In addition, CMC Pro clients will have their own account
manager, priority access to new products and the ability to earn
cash rebates and rewards. There will also be exclusive CMC Pro
client events featuring guest speakers and charting analysis, and
providing an opportunity for networking.
To be eligible, clients will have to demonstrate that they are
capable of making their own investment decisions and understand the
risks involved, in addition to meeting two of the three following
criteria:
1) They will need to have carried out transactions of a
significant size on a relevant market (10 per quarter over the
previous four quarters)
2) They will need to have a financial instrument portfolio that exceeds EUR500,000
3) They need to work, or have worked, in the financial sector
for at least one year in a relevant professional position
David Fineberg, Group Commercial Director at CMC Markets,
commented:
"Over the last ten years we have seen tremendous changes in our
industry, driven by technology and social media. It is right that
regulators are now looking to protect less experienced and
potentially vulnerable clients.
At CMC Markets we already cater for a professional client base,
and we are continuously looking to innovate our service and offer
ways to empower our clients and provide a premium experience."
He added: "We are seeing a change in consumer behaviour as
clients are now demanding a personal, tailored service to suit
their individual needs. We will continue to invest in our Next
Generation trading platform to meet the requirements of our CMC Pro
clients."
For more details on the new CMC Pro account, please visit:
cmcmarkets.com/en-gb/pro
END
Notes to editors:
CMC Markets plc ("CMC"), whose shares are listed on the London
Stock Exchange under the ticker CMCX, was established in 1989 and
is now one of the world's leading online financial trading
businesses. The company serves retail and institutional clients
through regulated offices and branches in 14 countries, with a
significant presence in the UK, Australia, Germany and Singapore.
CMC Markets offers an award-winning, online and mobile trading
platform, enabling clients to trade over 10,000 financial
instruments across shares, indices, foreign currencies, commodities
and treasuries through contracts for difference ("CFDs") and
financial spread bets (in the UK and Ireland only). Clients can
also trade on the short-term price movements of the financial
markets through Digital 100s and Countdowns and, in Australia,
access stockbroking services. More information is available at
http://www.cmcmarkets.com/group
Spread bets and Contracts for Difference ("CFDs") are leveraged
products and carry a high level of risk to your capital as prices
may move rapidly against you. It is possible to lose more than your
investment and you may be required to make further payments.
Digital 100s and Countdowns carry a level of risk to your capital
as you could lose all of your investment. Invest only what you can
afford to lose. These products may not be suitable for all clients
therefore ensure you understand the risks and seek independent
advice.
More information is available at
http://www.cmcmarkets.com/group
For further information, journalists can contact:
Hannah Taylor, CMC Markets
H.Taylor@cmcmarkets.com
020 3003 8895
George Pitt, Lansons
georgep@lansons.com
020 7294 3626
This information is provided by RNS
The company news service from the London Stock Exchange
END
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