CMC Markets Introduces Investment Platform for Singapore

April 5, 2023 at 11:37 AM

CMC Markets has revealed the ‘soft launch’ of its latest online and mobile trading platform, “CMC Invest,” in Singapore.

CMC Markets Introduces Investment Platform for Singapore
CMC Invest Introduced in Singapore

This development represents another significant step in the UK brokerage’s geographical expansion, following its recent in-principle approval for a Singapore stockbroking-related entity. The launch is part of CMC’s ongoing effort to diversify and broaden its global presence through technology, leveraged institutional offerings, and non-leveraged platforms.

With a 16-year history in Singapore and offering CFDs since 2007, CMC Markets has a solid foundation for the success of CMC Invest. The platform aims to address the diverse needs of local clients seeking more sophisticated investment products and services. The Singapore-based version of CMC Markets features a wide range of products, including stocks, ETFs, options, and futures. It boasts a transparent platform without hidden fees such as inactivity and settlement charges.

CMC Invest will offer clients zero commission and real-time pricing on a wide array of listed products, along with research tools like Trading View Charting, ESG rankings, Opto content, and Thematic Investing. Existing Singaporean clients can access the new platform beginning next month while onboarding for new clients is set to commence in the third quarter.

Christopher Forbes, Head of CMC Invest Singapore, highlighted the importance of providing a reliable and transparent platform for investors during volatile market periods. He emphasized the company’s responsibility to offer clients an easy-to-use, robust platform with the right tools and guidance. The platform will also include research notes and investment insights to help clients make more informed investment decisions.

Shares of CMC Markets, listed on the London Stock Exchange, faced a challenging environment in February and March, with lower equity volumes and a higher proportion of lower-margin institutional trading activity. The company anticipates its FY 2023 net operating income to fall between £280-290 million and has warned of increased costs, leading analysts to reduce their earnings forecasts.

To learn about the broker, please read our detailed review of CMC Markets.

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