The CMC Group has launched a new investment platform, called CMC Invest, which is specific for investors in the United Kingdom.
The platform is targeted at investors for sporting them throughout their entire investment journey.
“Investing can be complicated and many times disconnected from why and what we're investing for,” said Albert Soleiman, the Head of CMC Invest UK. “CMC Invest aims to provide the tools and processes needed to help guide customers through their entire investing journey and empower them to make choices that suit them.”
The platform is offering investments with shares listed in the United States and the United Kingdom, exchange-traded funds (ETFs) and investment trusts. Additionally, CMC has plans of expanding its services by adding mutual funds, a US dollar currency wallet and a few other features.
In addition, it is offering commission-free services, but there is a 0.5 percent foreign exchange fee.
“We're very excited to offer a platform based on our customers' needs and be there every step of the way, to grow and adapt to help them to reach their financial goals,” Soleiman added.
Leveraged and Non-Leverages Businesses
Established in 1989, CMC is a reputed trading service provider headquartered in London. On top of that, Finance Magnates London Summit 2021 awarded CMC as the Best FX Trading Platform.
The new platform came when several other brokers are branching out of their reliance on contracts for differences (CFDs). Trading 212 made such moves earlier, resulting in a massive success from a business standpoint.
Meanwhile, CMC is considering separating its leveraged and non-leveraged businesses into two entities. Though the group’s leveraged business generates most of the business, its focus is significantly shifting towards non-leveraged offerings.
Earlier, CMC separated its institutional offerings, calling it CMC Connect, amid a rebranding. Now, the latest launch of CMC Invest seems to be a part of building the business separation.
Meanwhile, CMC updated its guidance for the ongoing financial year and is expecting the operating cost to come in 5 percent higher.
