CMC Markets Cuts Commissions on Trading Share CFDs to 0.05%
LONDON, October 11, 2011 /PRNewswire/ --
CMC Markets [http://www.cmcmarkets.co.uk], one of the leading providers of spread betting and CFD trading, has announced today that customers can benefit from some of the lowest trading costs on the markets by cutting commissions on a number of its share CFDs to 0.05%.
CMC Markets is renowned for driving down the costs of trading through low dealing spreads and low margins and now the cost of trading share CFDs is only 0.05% on a number of markets with no minimum commission charge. CMC has also reduced commission charges across its international share CFDs allowing investors to trade European and Australian shares at the same low cost with no minimum commission charge.
Peter Cruddas, Founder of CMC Markets said: "A key part of our strategy has been to offer the very best value to our customers. These trading costs are some of the lowest anywhere on the market and we are committed to keeping these costs as low as possible."
He added: "We wanted to make trading share CFDs as clear and transparent as possible. This is why we have built the 0.05% commission charge into our dealing spread. This means when you execute a share trade with us the commission charge is built into the spread, so what you see is what you get."
CMC Markets gives customers one of the best deals on the market by combining the best technology with its best execution, and now its lowest share trade costs.
CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your initial deposit so ensure you understand the risks.
Notes to Editors
CMC Markets is a leading global provider of financial spread betting, CFD and foreign exchange (FX). Since Peter Cruddas founded CMC Markets in 1989, the company now services more than 75,000 clients worldwide, who placed a total of 26 million trades last year.
CMC Markets UK Plc and CMC Spreadbet Plc (collectively known as CMC Markets) are authorised and regulated in the UK by the Financial Services Authority.
Share CFDs are not subject to stamp duty and there are no additional costs like floor fees, data feeds (except for Australian Share CFDs) and share registration fees. Apart from the underlying physical bid and offer spread your only execution cost is the commission.
Stamp duty in the UK is currently set at 0.5%, so if you trade a physical share with a total position size of £10,000 you will have to pay £50. This is on top of any additional charges like commission, registration fees etc.
For more information please contact Adam Smith or Kelly Hollidge at Teamspirit Public Relations on +44(0)207-360-7878 or firstname.lastname@example.org
SOURCE CMC Markets