SYDNEY, November 28, 2011 /PRNewswire/ --
- Leading financial research institute gives thumbs up to CMC Markets adjustable leverage and accessible education features
Australia's leading financial research institute Canstar has given CMC Markets' newly launched CMC Tracker platform positive reviews, praising its adjustable leverage features, accessible education and low cost trading for Australian investors.
Canstar's review places particular emphasis on the importance of leverage levels and financing costs being "paramount to the CFD trader." Canstar believes "through their development of the CMC Tracker platform, CMC Markets can potentially change the role CFDs play in an investor's/ trader's portfolio."
The result of A$156m of investment over two years, the CMC Tracker platform was launched in September in response to customer, industry and regulatory feedback that retail investors must be empowered and confident to trade the markets.
"It's essential that CFD traders are provided with the right tools to control their risk. That's why I am proud to say we are the only provider to offer traders the ability to adjust the leverage they are trading with, to be very precise in the amounts they are trading - fractional ownership - and to have optional default stop losses built into the platform for those who want to build their confidence up before they consider taking on more risk," said Louis Cooper, Head of CMC Markets Australia and New Zealand.
CMC Markets' platform allows an investor to dial down the level of leverage in the CFD, to as far as zero. This feature gets the thumbs up from Canstar, stating it "opens doors in particular to those who wish to take a longer than usual time horizon or more conservative gearing position."
Another plus point cited in the Canstar review includes the wealth of educational material on offer which "is available for various levels understanding and open to the public."
Interest in CMC Tracker platform surges
Following the launch of the CMC Tracker platform, CMC Markets has seen a large portion of active clients utilise the unique trading features offered. 87% of local, live clients have utilised the customisable leverage trading feature on their trades (as at 1 November 2011).
Anecdotal feedback is that clients feel the platform allows them, as an individual retail investor, to truly achieve a diversified portfolio in indices, FX, local equities, global equities and commodities.
As part of the CMC Tracker launch and upgrade projects, a heavy investment in system efficiencies and the increase in quality of the platform pricing engine has seen CMC Markets able to offer market leading pricing to Australian traders.
Index CFDs can be traded from 0.3 points, FX CFDs can be traded from 0.7 points, and company CFDs can be traded from just 0.05% effective commission with no minimum commission charge.
"Costs are very important to active traders and a key selection criterion for CFD traders who are comparing different providers in the market," Mr. Cooper added.
"We've already had some great feedback from our client base and it's encouraging to get such positive comments from industry experts such as Canstar. We're committed to raising the bar for Australian CFD providers and developing enhancements where needed to further benefit traders," Mr. Cooper concluded.
To access the full review of the CMC Tracker platform from Canstar, please visit http://www.canstar.com.au/whats-new/cmc-tracker-platform/
About CMC Markets
The CMC Markets Group, a leading independent financial services provider, offers a range of investment products and investment tools including shares, options, listed managed investments, warrants, interest rate securities and Contracts for Difference (CFDs). Through our partnerships we can also provide access to managed funds and margin lending execution. In 2007 CMC Markets launched its broking service with the acquisition of Andrew West Stockbroking and CMC Markets Stockbroking is now one of the only non-bank aligned, online stockbrokers in Australia.
CMC Markets is a pioneer of CFD trading in Australia and a world leading CFD provider. With offices in London, Frankfurt, Dublin, Madrid, Vienna, Sydney, Tokyo, Toronto, Beijing, Auckland, and Singapore, CMC Markets represents clients in over 70 countries. The company was founded in 1989 and is regulated by ASIC in Australia. CMC Markets Stockbroking is a participant of the ASX Group.
SOURCE CMC Markets