LONDON, April 25, 2016 /PRNewswire/ --
CMC Markets, a leading global provider of online trading, has expanded its product portfolio with the launch of a range of new binary products available on its Next Generation platform via either a mobile, tablet or desktop.
CMC Markets' binaries represents a dynamic way to trade on a limited-risk basis. Both active traders and those new to binaries will enjoy an unrivalled user experience. It features 100% automated execution and a specially crafted interface with CMC Markets' multi-award winning* platform that links seamlessly with its full charting package containing over 80 technical indicators.
Clients will be able to trade binaries across a broad range of popular FX pairs, indices and commodities in the form of a "yes or no" outcome. CMC Markets binaries will feature four specific binary types:
- Ladders - A popular binary product that allows traders to speculate on whether the settlement price will be at or above a chosen strike level, in a certain timeframe
- One Touch - allows traders to speculate on the settlement price reaching a specified strike price during the binary timeframe
- Up/Downs - provides traders the opportunity to speculate on whether the settlement price will be at or above the previous period's close at the end of the binary expiry
- Range - traders can speculate whether the settlement price will be within a specified range when the binary expires
For current CMC Markets clients the new binaries products can be accessed through their existing account. Traders will be able to take a position even when the markets are flat, so they can take full advantage of small price movements in times of low volatility.
Commenting on the launch, David Fineberg, Director of Trading, CMC Markets said: "I'm really excited about our new binary offer which has been completely developed in-house. Our ambition was to offer clients an intuitive, feature-rich experience that worked across all devices via one account, combined with the exceptional levels of reliability and servicing that clients expect from CMC Markets."
The launch of binaries is part of CMC Markets' extensive new product development pipeline which will see a number of new initiatives launched over the next 18 months. Binaries follow the highly successful launch of Countdowns in 2015.
Notes to Editors
CMC Markets Plc ("CMC") was established in 1989 and is now listed on the London Stock Exchange. The company is one of the world's leading online financial trading businesses serving retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade over 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ("CFDs") and financial spread bets (in the UK and Ireland only). Clients can also trade on the short-term price movements of financial markets through Countdowns and, in Australia, access stockbroking services. CMC Markets Plc's shares are listed on the London Stock Exchange (CMCX). More information is available at http://www.cmcmarkets.com/group/
*Rated Best Trading Platform Features based on highest user satisfaction among spread bettors and FX traders in the Investment Trends 2015 UK Leveraged Trading Report.
Spread bets and Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your investment and you may be required to make further payments. Binaries and Countdowns carry a level of risk to your capital as you could lose all of your investment. Invest only what you can afford to lose. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice.
CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
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SOURCE CMC Markets