CMC Markets wins Best Spread Betting Broker Award by Trade2Win

By mosesbet · Filed Under News Comments Off on CMC Markets wins Best Spread Betting Broker Award by Trade2Win 

CMC, one of the leading CFD trading and spread betting providers, recently received an award in the category of the best spread betting broker and the best CFD broker by Trade2Win. The award was given to CMC by the largest trading company in the world, Trade2Win. CMC Markets currently serves around 75,000 clients around the world.

CMC Markets CEO Expresses Thoughts on the Win

The CEO of CMC Markets Doug Richards expressed his thoughts on receiving the award. He stated that since the launch of the company in 1989, the key aim of CMC members had been to become the leading online financial business in the world. The award from Trade2Win reflects the continuous efforts made by the company to meet the requirements of its international customers. CMC aims at offering the best trading experience to its customers through innovative technology and education.

Richards – CMC Customers are Encouraged to Learn from Each Other

Richards mentioned that CMC traders are encouraged to enhance their trading skills through a wide range of education tools that the company offers. In addition, members are also encouraged to learn from other fellow traders through Traders’ Club – a community initiative of CMC. Richards added that in 2012, the key goal of the company will be to develop a unique trading community for its members. The company recorded about 26 million trades in 2011.

Stamp duty is not imposed on most share CFDs with the exception of Australian Share CFDs. They don’t have additional costs like data fees, share registration fees and floor fees. Apart from the physical bid, the only execution cost which traders have to bear is the commission.

At present, stamp duty in the UK is 0.5%. For trading a physical share having a total size of 10,000, traders have to pay 50. This is an extra cost in addition to charges like registration fees and commission.

Like CMC Spreadbet Plc, CMC Markets UK Plc is a UK based dealer. It is regulated periodically by the Financial Services Authority in UK. The company, founded by Peter Cruddas, came to be known as CMC Markets from 2005.

 

 

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