CMC Markets has launched its Spectre account for retail clients after initially making the product available only to professional traders. The company said the expansion followed “strong demand” from retail investors, with interest building through a waiting list after the earlier rollout.

The retail expansion follows CMC Markets’ initial introduction of Spectre for professional clients. The account provides access to a range of markets, including shares, indices, ETFs, cryptocurrencies, commodities and foreign exchange, within a single spread betting structure.

The development comes alongside the company’s digital initiatives, including a UK pilot for tokenised share trading conducted through its corporate broking arm, CMC CapX, in partnership with StrikeX.

Zero-Leverage Spectre Targets Retail Traders

Structured as a zero-leverage spread betting account, Spectre allows clients to trade using their own capital rather than borrowed funds. According to CMC Markets, the product is designed to remove financing costs commonly linked to leveraged trading products.

CMC Markets also said the account offers tax-related benefits associated with spread betting in the UK, including exemptions from capital gains tax and stamp duty.

Peter Cruddas, founder and chief executive officer of CMC Markets, said the account was opened to retail investors after “strong demand and a growing waiting list” following the earlier launch for professional clients.

He added that “by removing leverage and financing costs,” the product offers “a simpler, cost-effective, and tax-efficient way to trade.”

Spectre Extends CMC Client Choice Strategy

The company said the launch forms part of its broader expansion of multi-asset trading products. CMC Markets, which has operated for more than 36 years, said it continues to add products aimed at giving clients wider access to global markets.

Laurence Booth, global head of markets at CMC Markets, said the retail launch of Spectre reflects the company’s strategy to expand “client choice through products that combine flexibility and cost efficiency.”

CMC Markets is listed on the FTSE 250 and provides online trading and investing services across multiple asset classes.

This article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More

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