CMC Markets launches exciting new trading account
CMC Markets launches exciting new trading account – Spectre. The new way to trade tax-free.
Spectre is a new tax-efficient trading account, with no financing costs, no capital gains tax, no stamp duty, and no margin calls.
CMC Markets, a FTSE 250 company and a global leader in online trading, has launched Spectre – the new way to trade tax-free* for professional clients**.
With Spectre, clients can trade indices, forex, shares, ETFs, cryptocurrencies, and precious metals, all from one account, with unlimited, tax-efficient trading, exempt from capital gains tax, stamp duty and daily financing charges.
Spectre is a spread bet account that offers zero leverage – meaning no daily financing charges and no margin calls, but with all the benefits of tax-free trading. Professional clients simply trade using their own capital with a Spectre account, enabling them to hold positions for longer.
Lord Peter Cruddas, founder and CEO of CMC Markets, said:
“By removing leverage through a Spectre account, we’re eliminating daily financing costs, and margin calls, alongside tax-free trading.
We still offer leveraged products, but not all clients want leverage because the associated costs can affect their long-term performance.
Spectre is a tax-efficient alternative to leveraged trading and will appeal to long-term traders who want to maximise their performance through tax efficiencies, and eliminate the associated costs of leveraged trading”.
Laurence Booth, Global Head of Capital Markets at CMC Markets, commented:
“Spectre reflects our ambition to deliver smarter, more efficient ways for clients to trade, bringing flexibility and greater choice to their long-term trading. Spectre is a clear example of how we’re shaping the next generation of trading solutions.”
For more information about Spectre, visit: cmcmarkets.com/en-gb/spectre
*Tax treatment depends on individual circumstances and may be subject to change in the future.
**For professional clients only. CMC Spectre is an unleveraged Spread Bet account, offering a tax-efficient way to trade under UK tax law. Spread bets are complex financial instruments that place your capital at risk. The value of your investment can fluctuate. Please consider whether this product aligns with your risk tolerance.
About CMC Markets
CMC Markets has 36 years of global financial services experience, with offices in London, Sydney, Singapore, Canada, Dubai and Europe. Its innovative, award-winning platform is used by a network of over 1.5 million traders and investors around the world, with access to 12,000 global instruments across FX, indices, shares, ETFs, commodities, cryptos, bonds and more. CMC Markets also operates business partnerships with Revolut and major Australian finance firms including ANZ Bank, St George and Westpac.
CMC Markets: cmcmarkets.com/en-gb