CMC Markets Launches Professional Trading, CMC Pro Accounts, Will Allow Existing Retail Clients to Switch - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

CMC Markets

CMC Markets Launches Professional Trading, CMC Pro Accounts, Will Allow Existing Retail Clients to Switch

May 5, 2018
David Fineberg, Group Commercial Director at CMC Markets
David Fineberg, Group Commercial Director at CMC Markets

Since the announcement from European regulator (ESMA) on restricting retail clients to trade at current leverage levels, brokerages are upgrading their product offering to bypass the regulation. FCA regulated CMC Markets (LON: CMCX) has announced that it will allow its eligible existing and new clients the opportunity to switch to its new CMC Pro account.

CMC Pro accounts allow professional clients to continue trade at their current leverage limits thus allowing retail clients to bypass the regulations. The CMC Pro accounts will have their own account manager, priority access to latest products and also eligible for rebates and rewards. It will also provide clients with an opportunity for networking at the CMC Pro client events featuring guest speakers and charting analysis.

For retail clients migrating to Pro accounts, they have to meet two of the following conditions.

  • They have carried or completed transactions of a significant size on a relevant market (10 per quarter over the previous four quarters)
  • Their financial instrument portfolio should exceed the value of €500,000
  • Have experience in working or have worked in the financial sector for at least one year in a relevant professional position

David Fineberg, Group Commercial Director at CMC Markets, commented on the development:

“Over the last 10 year,s we have seen tremendous changes in our industry, driven by technology and social media. It is right that regulators are now looking to protect less experienced and potentially vulnerable clients. At CMC Markets we already cater for a professional client base, and we are continuously looking to innovate our service and offer ways to empower our clients and provide a premium experience.”

“We are seeing a change in consumer behaviour as clients are now demanding a personal, tailored service to suit their individual needs. We will continue to invest in our Next Generation trading platform to meet the requirements of our CMC Pro clients.”

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