CMC stock trading platform in Singapore has restructured its pricing model, establishing its “Invest” tier as the new default offering at no cost to customers. The change, which has already taken effect, replaces the previous “Gold” tier and provides users with more than double the number of free monthly trades, along with reduced foreign exchange rates.

CMC Markets Enhances Singapore Platform Offering, Cuts FX Rates

Under the new standard “Invest” tier, all customers will receive 45 free trades per month across Singapore, Canada, Hong Kong, United States, and United Kingdom markets, up from 22 trades previously offered in the “Gold” tier. The platform has also reduced its foreign exchange settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term rate to 0.20%, aiming to deliver savings for investors trading in international markets.

The decision to make these changes permanent follows a 12-month promotional campaign that began in April 2024, during which clients were given complimentary access to the “Invest” accounts. According to the company, customer feedback prompted the move to establish these enhanced features as the standard offering.

“Today's investors expect both value and sophisticated tools,” said Christopher Forbes, Head of Asia at CMC Singapore. “By making our ‘Invest’ tier the new standard, we're giving clients access to capabilities without the premium price tag.”

The offer is part of CMC Invest, a stock trading platform provided by CMC Markets, a publicly listed UK broker specializing in spread betting and CFDs. As exclusively reported by FinanceMagnates.com last month, David Fineberg took over as CEO of CMC Invest in the UK, following the departure of Albert Soleiman from the position.

Platinum and Diamond Tiers Revised

The company has also revised its premium “Platinum” and “Diamond” subscription tiers, which now offer lower FX settlement rates and additional free trades. The Platinum one, priced at SGD 108 per month, provides 90 free monthly trades, while the Diamond, at SGD 128 per month, offers 120 free trades.

The premium tiers maintain their zero platform, inactivity, custody, and settlement fees, matching the free “Invest” tier in that regard. However, they provide more favorable commission rates, with the “Diamond” tier offering the lowest FX conversion fee at 0.15% compared to 0.20% for the other tiers.

CMC Markets has maintained a presence in Singapore since 2007, with its local entity holding a Capital Markets Services Licence from the Monetary Authority of Singapore to offer listed equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and ETFs on its Invest platform. However, the stock trading platform CMC Invest was launched locally in September 2023.