CMC Markets Offers Tightest Commodity Spreads
LONDON, December 5, 2011 /PRNewswire/ --
CMC Markets [http://www.cmcmarkets.co.uk], one of the leading providers of spread betting and CFD trading, has announced that customers can now benefit from a greater selection of cash commodities, adding an extra nine to its Next Generation platform.
CMC Markets is committed to providing consistently competitive prices and spreads, in all market conditions. This means customers can now trade 26 cash commodities some from as little as 0.3 points, making doing business with CMC Markets significantly more cost effective when compared with some of its key competitors.
CMC Markets gives customers one of the best deals on the market by combining some of the best technology with millisecond execution, and now its lowest spreads on cash commodities. Its Next Generation trading platform was released a year ago and has resulted in a three-fold increase in new and migrated customers since the platform launched, allowing the company to reduce trading costs and improve customers' trading experience.
In addition to the tighter spreads, CMC Markets is also offering nine new cash commodities such as palladium, platinum, and orange juice to trade on its Next Generation trading platform. Popular cash commodities such a gold and brent crude oil are available at 0.3pts and 3.5pts respectively.
Peter Cruddas, Founder of CMC Markets said: "When other markets are volatile, traders often move to commodities as part of their risk strategy. With this in mind, we have reduced the spreads on a number of our cash commodities while introducing nine new commodities to our platform."
He added: "A key part of our strategy has been to invest heavily in bringing our customers the best technology on the market, and our Next Generation platform allows us to trade efficiently so that we can pass the cost savings onto our customers. These spreads are some of the tightest anywhere on the market, and we are also committed to keeping our average spreads low."
CMC Markets gives customers one of the best deals on the market by combining the best technology with its millisecond execution, and now its lowest share trading costs.
Notes to Editors
For a full list of CMC Markets commodity spreads, alongside alternate provider comparisons, please go to: http://www.cmcmarkets.co.uk/commodities/commodities-comparison
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.
SOURCE CMC Markets