CMC Markets was originally established over 22 years ago as a multinational spread betting provider. As the company has matured it has added CFD and Forex options as its online platform has grown.
Indeed, with over 33 million trades executed in 2012, CMC Markets is now one of the largest currency exchanges brokers in the world and has won a number of awards. Amongst its long list of accolades is the prestigious Millennium Award for Innovation, presented to them by the British government for their work in the financial industry.
CMCMarkets.com’s Special FX:
By offering three points of entry to the currency exchange market, CMC is perfectly pitched for both novice and expert traders. While CFDs are more suited to knowledgeable traders, the spread betting and Forex options are great if you want to invest small amounts but still achieve healthy profits.
This diversity is something traditional FX brokers aren’t able to match. Indeed, as more currency platforms emerge it’s becoming increasingly important to offer a broad portfolio and that’s something CMC Markets has been doing since the late eighties.
CMC Markets’ Next Generation Platform has been developed over two decades and provides traders with almost unrivalled access to the currency exchange market.
Available through a desktop app as well as browser and mobile platforms, the Next Generation Platform boasts a number of key features as standard, including: competitive pricing, 100% automated execution on trades, pattern recognition scanner and direct market insights courtesy of CMC Markets’ experts and Reuters.
Trading Forex through CMC Markets gives traders access to more than 300 currency pairs including majors, minors, exotic and even emerging currencies. Typical spreads offered on FX trades range from 0.7 pips with position margins from 0.25% on pairs such as AUD/USD, to 1.0 pip and 0.25% position margins for EUR/GBP.
CFD (Contract for Difference) trading at CMC Markets give you access to over 5,000 products including currencies. Spreads on major FX pairs range from 0.7 pips and commission rates start at 0.08%.
For traders looking to speculate on the currency market without having to invest in certain assets, the spread betting option offered by CMC Markets is the perfect option. The tax free nature of spread betting not only makes this an attractive option for investors, but it gives the broker the ability to keep their costs low. Indeed, spreads at CMC Markets start at 0.7 pips, and this gives traders the ability to make a healthy margin on the most common currency pairs.