CMC Alpha - Receive Trading Discounts & Earn Interest

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

Financial Conduct Authority regulated

Protected up to £85,000⁴

FTSE 250 group

2026 WINNER

Best Spread Betting Broker

Good Money Guide Awards 2026

2025 WINNER

Best Mobile Trading Platform

ADVFN International Financial Awards

2025 WINNER

No.1 Commissions & Fees

ForexBrokers.com Awards

Save on spreads

Alpha promotes you to tier 3 of Price+, our tiered-volume spread discount scheme, giving you immediate spread discounts of up to 20%¹.

You'll earn Price+ trading points for every trade you place in your live account and move up to higher spread discount tiers as you accumulate more points.

Up to

20% discount

PRICE+ TIER 3

Up to

27.3% discount

PRICE+ TIER 4

Up to

40.0% discount

PRICE+ TIER 5

How much could you save on spreads?

Please select the instrument type(s) you trade.

Indices
Commodities
Currencies
Treasuries

Please select your base currency

Now enter the total notional amount (monthly) for each instrument.

Notional Amount

If you buy 1,000 shares of a UK stock via CFD trading or buy £10/pt of a UK stock via spread betting with a share price of 300p per share, the notional amount is £3,000

Tier 0 Member

At the end of each calendar month, your trading points balance resets to zero and the tier you finished on is carried over to the following calendar month.

Start Trading

Ready to join Alpha?

Step 1

Open an account

Open a free demo account to practise trading on our platform with virtual funds. Then, when you're ready, open a live spread betting or CFD trading account with us.

Step 2

Increase your account value to £25,000

To get invited to join Alpha, you'll need to fund or grow your account to £25,000.

Step 3

Opt in to Alpha

Once you've opted in to Alpha, you'll start receiving your benefits. You'll enter tier 3 of Price+, our tiered-volume spread discount scheme, giving you immediate spread discounts of up to 20%¹. You'll also start earning interest on your available account balance.

Step 4

Get bigger spread discounts

You'll earn Price+ trading points for every trade you place in your live account and move up to higher Price+ spread discount tiers as you accumulate more points.

Create account

View Alpha T&Cs