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CMC Markets
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Brokers
CMC Markets Wrote Off £2.8M Investment in Blockchain Firm Strike X
2024-11-22T10:27:24.065+02:00
The CFDs broker bought stakes in the blockchain platform last year.
It also noted that B2B revenue from the Revolut deal is not yet significant.
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Retail FX
CMC Markets Initiates Client Onboarding with Revolut: H1 Trading Revenue Up 50%
2024-11-21T09:24:17.460+02:00
The broker ended the six months with a pre-tax profit of £49.6 million.
Its profit margin improved to 28 per cent, recovering from a negative 2 per cent.
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Retail FX
Plus500 Is Highly Efficient in Profitability, but CMC Seesaws the Most
2024-11-08T10:19:18.335+02:00
The Israeli broker’s revenue-to-profit ratio came in at 46.1 percent in the last fiscal six months.
CMC lagged with a ratio of only 31 percent.
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CMC Markets Pushes into New Zealand: Partners with ASB Bank
2024-11-01T10:21:23.593+02:00
The London-headquartered broker will provide white-label technology to the New Zealand bank.
The integration process is expected to take between 12 to 18 months.
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Retail FX
CMC Markets Plans NZX Accreditation for Trading and Clearing in 2025
2024-10-31T16:38:33.792+02:00
The application will be submitted to NZ RegCo, which oversees compliance with NZX's market rules.
The firm plans to replicate its Australian model in New Zealand by building a foundation for growth.
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Retail FX
Plus500 Believes in High Marketing Spends, IG and CMC Have Found Their Sweet Spot
2024-10-30T10:58:24.399+02:00
The Israeli broker spent 13.6 percent of its six-month revenue on marketing and related fields.
Each of the two London-headquartered brokers spent 7.6 percent of their revenue on marketing.
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Retail FX
CMC Moves Ahead in Australia, but IG Shows How Lucrative Singapore Is
2024-10-23T15:40:00.000+02:00
Each Singaporean trader generated £4,914 in revenue for IG in H2 FY24.
Meanwhile, CMC’s revenue in Australia surpassed the figures it generated in the UK.
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Brokers
CMC Markets Just Turned a £2M Loss into a £51M Profit—Here's How
2024-10-09T08:37:53.361+02:00
The company expects 45% revenue growth for H1 2025 after stronger cost-cutting.
It also reports progress in cost management and new product launches, including a partnership with Revolut.
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Retail FX
Exclusive: CMC Connect Breaks Down CFDs Deal with Revolut
2024-09-24T12:41:16.714+02:00
“It's exemplary of where we are going, and we will see more deals of that particular type and style,” said CMC's Group Head of Institutional Sales.
He described the days of technology “due diligence” before sealing the deal as “a process of walking with one another, hand in hand.”
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Retail FX
CMC Markets Surpasses Plus500: FY24 Per Client Revenue Hits £4,685
2024-08-06T15:40:00.000+02:00
According to the company's latest annual results, despite a drop in active traders, the broker increased per-client revenue.
Increased focus on institutional, high-value retail clients expected to boost revenues further.
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Brokers
CMC Markets Reaffirms £360 Million Guidance as Revolut Deal Gains Traction
2024-07-25T08:48:16.150+02:00
Broker reports Q1 performance aligning with expectations, maintaining FY25 forecasts in net operating income.
It also highlights progress in its B2B strategy, including the advancing Revolut partnership.
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Executives
Finalto Recruits Digital Marketing Expert Grant Ellis from CMC Markets
2024-07-04T16:37:30.006+02:00
Ellis dedicated nearly two years to CMC Markets, where he managed lead acquisition strategies and marketing campaigns.
Previously, he has held other roles at Kingfisher Insurance, Cogora, and Zinc Media Group.
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Retail FX
BaFin: Beware of Unauthorized Clones of Pepperstone, CMC Markets, and ActivTrades
2024-07-01T14:36:25.943+02:00
The identified clone entities operate the websites: pepperstone.vip, cmc-market.live, and activtrades.live.
Bafin mentioned that the entities use the catchy slogan "Your Time to Shine!"
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Executive Moves
Susanne Chishti to Retire as CMC Markets’ Non-Executive Director
2024-06-20T09:26:28.261+02:00
She joined the board of CMC Markets on 1 June 2022.
The broker is now looking for a replacement and will file nominations in the coming months.
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Retail FX
CMC Markets Posts Record Post-Pandemic Revenue, Profit Surges 52%
2024-06-20T08:12:35.766+02:00
The trading firm saw strong growth across retail and institutional segments.
Net operating income rose by 15% to £332.8 million.
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Brokers
CMC Connect Inks Deal with Revolut to Expand Trading Capabilities
2024-06-18T10:24:09.399+02:00
The collaboration will allow Revolut customers to access CMC's trading universe.
According to the official statement, the partnership is set to begin immediately.
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Retail FX
Belgian Regulator Alerts on Clones of Two Popular Trading Brands
2024-05-17T10:32:20.762+02:00
FSMA has warned against nearly 40 potentially fraudulent entities.
The list includes clones of BNP Paribas and CMC Markets.
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Executive Moves
CMC Markets Elevates Long-Term Executive to Head of Institutional APAC and Canada
2024-04-24T08:37:46.080+02:00
Michael Bogoevski has spent about 16 years of his career at CMC Markets.
He was previously the Head of Distribution for APAC and Canada.
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Brokers
CMC Invest Enhances UK Offering with Personal Pension Products
2024-04-15T07:34:27.755+02:00
The platform introduces Self-invested Personal Pension (SIPP) with tax benefits.
The newly launched products are exclusively available to Premium plan investors.
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Brokers
CMC Markets Gets Bullish: FY24 Income to Exceed Expectations
2024-03-27T09:22:45.420+02:00
The company was earlier expecting the operating income to be between £290 million and £310 million.
Its H1 FY24 revenue tanked 20 percent.
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Executives
CMC Markets' Chief Analyst Michael Hewson Steps Down after 15 Years
2024-03-20T23:04:08.830+02:00
His role entailed organizing the analysis of the daily financial markets, focusing on markets traded by CMC Markets.
Previously, Hewson served as the Senior Market Analyst at CMC Markets.
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Retail FX
CMC Invest Signs Singaporean Athlete Shanti Pereira as an Ambassador
2024-03-07T08:38:38.725+02:00
Her focus will be to raise awareness about early investing and financial literacy.
CMC Invest is available in the UK, Singapore, and Australia.
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Executives
Marex's Non-exec Director Sarah Ing Joins City of London Investment Group's Board
2024-02-23T14:50:22.831+02:00
Ing has served as a Non-Executive Director at CMC Markets since September 2017.
She brings over 30 years of experience in accountancy, investment banking, and fund management to her new role.
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Retail FX
Breaking: CMC Markets to Reduce 17% Staff
2024-02-05T09:40:46.477+02:00
The move came as a part of its “cost reduction and efficiency plans.”
The broker estimates annualized realized savings of £21 million in FY25.
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Retail FX
CMC Markets Enhances Compliance Tech with New Partnership
2024-01-23T13:10:41.923+02:00
AQMetrics' collaboration aims for improved MiFID II compliance in financial services.
CMC wanted to simplify regulatory reporting with innovative technology.
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