CMC Markets has launched MetaTrader 5 in Canada, expanding its platform offering for retail and professional clients. With MT5, clients can trade more than 1,100 instruments through a single account. These include US and Canadian shares, indices, commodities, and forex.

CMC Markets Expands Canada MT5

The launch is part of CMC Markets’ continued investment in technology and product development in Canada. The company said it aims to offer “more flexibility” and wider market access.

Separately, CMC Markets is also making structural changes in its Asia operations. The group is consolidating its corporate setup in Singapore by merging its stockbroking entity with its main local unit. It will continue to operate both the CMC Markets and CMC Invest platforms for now.

Felix Wong, Vice President of Distribution at CMC Markets North America, said “The launch expands platform choice for our Canadian clients” and that it “complements CMC Markets’ existing offering.” He added that combining MT5 with access to more than 1,100 instruments provides greater flexibility in how traders engage with markets.

CMC Targets Super App Expansion

CMC Markets is progressing its multi-asset app strategy, which forms part of its longer-term plan to develop a broader financial platform. The first phase consolidates traditional finance products into a single platform.

The second phase is expected to introduce decentralised finance products alongside pension and tax-wrapper accounts, as well as tokenised assets, stablecoins, and CapX investing. The third phase is planned to include payments and banking services.

Separately, CMC Markets has also been expanding its core over-the-counter product range, including the recent introduction of weekend gold trading amid increased demand for the metal.

CMC Markets Profit Rises to £101m

CMC Markets reported net annual operating income of £392.6 million for the year ended 31 March, up 15 per cent year-on-year. Pre-tax profit rose 20 per cent to £101.3 million, with margin improving to 25.8 per cent.

EBITDA increased to £117.8 million and earnings per share rose to 27.5 pence. The company said it delivered its strongest performance outside FY2021, supported by volatility and growth in institutional and B2B income, alongside record results in Australia.

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

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