The LSE listed firm is licensed and regulated by the UK Gambling Commission to offer binary options.
London Stock Exchange listed online spread betting and CFDs trading brokerage CMC Markets (LON:CMCX) has expanded its product portfolio today with a range of new binary options. The launch of binary options is said to be part of CMC Markets’ extensive product development pipeline which will see a number of new initiatives launched over the next 18 months.
Commenting on the launch, David Fineberg, Director of Trading, CMC Markets said: “I’m really excited about our new binary offer which has been completely developed in-house. Our ambition was to offer clients an intuitive, feature-rich experience that worked across all devices via one account, combined with the exceptional levels of reliability and servicing that clients expect from CMC Markets.”
According with the current regulatory status of binary options trading in the UK as gambling products, CMC Markets is specifically licensed and regulated by the UK Gambling Commission to offer binary options in addition to its FCA license for CFDs.
The binary options offering will work on a specially crafted interface with CMC Markets’ Next Generation platform and current clients of the firm can access them with their existing account. The instruments will cover a broad range of popular FX pairs, indices and commodities and will feature four specific binary types: Ladders, One Touch, Up/Downs and Range.
The new offering is distinct from the 'Coundowns' products CMC Markets launched in July of last year. The main differences are that there are four types of 'Binaries' (mentioned above) compared with only one type of Countdown; Binaries includes a Volatility element to the price which determines the profit or loss while Countdowns are non-volatility based; a trader can close out of a binary trade that is in progress (but can’t with Countdowns); and Countdown time-frames start from 30 seconds while the new binary time-frames start from 5 minute intervals.
In an IPO back in February 2016 the online brokerage raised about £218 million, including a £15 million ($21.8 million) primary capital raise and £203 million ($295 million) of secondary shares. The company sold 90.6 million ordinary shares, which comes to about 31% of CMCs issued share capital on admission to trading on the LSE.
London Stock Exchange listed online spread betting and CFDs trading brokerage CMC Markets (LON:CMCX) has expanded its product portfolio today with a range of new binary options. The launch of binary options is said to be part of CMC Markets’ extensive product development pipeline which will see a number of new initiatives launched over the next 18 months.
Commenting on the launch, David Fineberg, Director of Trading, CMC Markets said: “I’m really excited about our new binary offer which has been completely developed in-house. Our ambition was to offer clients an intuitive, feature-rich experience that worked across all devices via one account, combined with the exceptional levels of reliability and servicing that clients expect from CMC Markets.”
According with the current regulatory status of binary options trading in the UK as gambling products, CMC Markets is specifically licensed and regulated by the UK Gambling Commission to offer binary options in addition to its FCA license for CFDs.
The binary options offering will work on a specially crafted interface with CMC Markets’ Next Generation platform and current clients of the firm can access them with their existing account. The instruments will cover a broad range of popular FX pairs, indices and commodities and will feature four specific binary types: Ladders, One Touch, Up/Downs and Range.
The new offering is distinct from the 'Coundowns' products CMC Markets launched in July of last year. The main differences are that there are four types of 'Binaries' (mentioned above) compared with only one type of Countdown; Binaries includes a Volatility element to the price which determines the profit or loss while Countdowns are non-volatility based; a trader can close out of a binary trade that is in progress (but can’t with Countdowns); and Countdown time-frames start from 30 seconds while the new binary time-frames start from 5 minute intervals.
In an IPO back in February 2016 the online brokerage raised about £218 million, including a £15 million ($21.8 million) primary capital raise and £203 million ($295 million) of secondary shares. The company sold 90.6 million ordinary shares, which comes to about 31% of CMCs issued share capital on admission to trading on the LSE.
SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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