CMC Invest Disrupts Online Brokerage Market by Bringing Significant Savings and Long-Term Value to Investors25 Sep 2023 14:40
CMC Invest is a platform that provides customers with a great value-for-money
proposition, allowing them to trade globally listed shares, ETFs, REITs, and
Money Markets across 15 global markets, with Wealth Management, Fractional
Options and Futures to follow.
SINGAPORE, Sept. 25, 2023 /PRNewswire/ -- FTSE-listed online financial trading
firm CMC Markets Plc today announces the launch of its new online and mobile
trading platform, "CMC Invest", for investors based in Singapore and the
Southeast Asia region.
CMC Invest is poised to disrupt the online brokerage market by providing
clients with the best value-for-money platform. All new sign-ups, starting at
the Gold tier, receive free monthly trades (i.e. no commission/platform fees)
for the first 5 trades for US, Canada, UK, and Hong Kong stocks and first 2
trades for Singapore stocks, with this moving to 10 and 20 trades (for US,
Canada, UK and Hong Kong) and 5 and 10 trades (for Singapore) with Platinum
and Diamond tiering. The total value for the Gold tier, which includes data
access, TradingView charts, other services and savings, is worth approximately
SGD 200 per month.
Additionally, clients who are actively trading Hong Kong stocks will benefit
significantly in cost savings as they will not be charged brokerage, trading
fees and transaction taxes. They are also not subjected to settlement and
platform fees, nor custody and safekeep fees. Importantly, clients will have
access to 2,866 HK Securities, REITs and ETFs, not just the Top 50 names on
the Hong Kong Stock Exchange.
Head of CMC Invest (Singapore), Christopher Forbes, said: "Our vision was to
provide a platform that arms investors with comprehensive tools and insights
to navigate the financial landscape, so they can achieve their financial
goals. From the onboarding to navigation to daily usage, it had to be easy to
use for our customers. In this saturated market, setting ourselves apart was
not simply about pricing, but more about confronting the hidden expenses that
have crept into the industry – from platform fees and settlement fees to
inactivity costs — that erode investors' capital and confidence. Our
commitment to creating a platform that serves everyone is a source of great
pride, and we are thrilled to unveil it today. Upon license approval, we aim
to offer wealth management, OTC Options, and aspire to eventually develop CMC
Invest into a single super app to meet our clients' needs."
An Investment App That Values Transparency
The fear of undisclosed fees has long deterred many investors from trusting
online investment platforms. This inspired CMC Invest's mission to focus on
transparency in an era where headline-grabbing tactics attract customers with
promises of earnings but loaded hidden costs or short-term benefits instead
negatively compound