CMC Markets Introduces Lowest Ever Spreads
LONDON, June 16, 2011 /PRNewswire/ --
CMC Markets has cut its spreads to the lowest level ever, which means that it costs less to trade, exclusively on their Next Generation trading platform. In spread betting, the spread is simply the difference between the buy and sell price. CMC Markets customers can now trade foreign exchange and the world's major indices from as little as 0.9 pips.
The 14 products with reduced minimum spreads are:
- US30 0.9
- UK100 0.9
- Germany30 0.9
- USNDAQ100 0.9
- EUR/USD 0.9
- USD/JPY 0.9
- GBP/USD 1.0
- AUD/USD 1.0
- EUR/GBP 1.0
- EUR/JPY 1.5
- USD/CHF 1.9
- EUR/CHF 2.0
- USD/CAD 2.0
- GBP/JPY 2.9
Peter Cruddas, founder of CMC Markets said: "When I started CMC Markets twenty two years ago, the plan was to bring institutional pricing to the retail market. Our new technology means that we can we deliver improved spreads and automated execution. We can also offer our clients all of the latest trading software to keep them constantly up to date with trading technology around the world.
"Now our clients can trade with precision pricing, on our lowest spreads via our web based platform or on their iPhone or iPad. Our lowest spreads ever are just another chapter in our history of bringing institutional type services to all of our clients. "
CMC Markets has always been a pioneer of technology and low trading costs. With the release of its next generation trading platform, they offer some of the tightest spreads and best CFD trading available, even when there are volatile market conditions. Trades are executed in milliseconds with no re-quotes, execution is 100 percent automated, with no dealer intervention.
CMC Markets' next generation trading platform was released less than a year ago and is already proving to be a huge success with a three-fold increase in new and migrated customers. This increase in business means that CMC Markets is able to pass on improved spread cuts to customers to help them reduce their trading costs.
Already, in the first year of next generation platform, CMC Markets has released upgraded charts, iPhone and iPad apps and now improved spreads, with more to come to cut trading costs and improve the trading experience.
About CMC Markets:
For more information on CMC Markets' lowest ever spreads and for details on our spreads, visit http://www.cmcmarkets.co.uk/how/spread-bet/lowest-spreads-ever A free unlimited-use demo account is available on the CMC Market's website.
Please remember that spread betting and CFDs are leveraged products and can result in losses that exceed your initial deposit, so ensure you understand the risks.
CMC Markets is a leading global provider of financial spread betting, CFD trading and foreign exchange (FX).
CMC Markets has been voted 'Best spread betting service 2010' by readers of Shares Magazine. CMC Markets is authorised and regulated in the UK by the Financial Services Authority.
SOURCE CMC Markets