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 €500,000
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
[email protected]
020 3003 8895
George Pitt, Lansons
[email protected]
020 7294 3626
