CMC Markets Response To FCA Spread Betting Rules

CMC Markets broker responses to the new FCA rules for Spread betting, According to FCA many investors lost their money by high leverage Spread betting and CFD trading, The FCA is going to change its rules for Spread betting companies and CFD brokers, ForexSQ experts conducted CMC Markets group response to the FCA Spread betting and CFD trading new rules below.

CMC Markets Responses To FCA

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CMC Markets broker notes this morning’s announcement by the FCA of a consultation on measures designed to enhance consumer protection in the CFD market. CMC shares a common desire to see a uniform application of the highest standards of conduct across the industry.

In its consultation paper, numbered CP16/40, the FCA has identified the risks to inexperienced retail investors posed by firms with a business model predicated on high churn of clients with a high loss rate. CMC has consistently focused on higher-value experienced premium clients who understand the markets and products they are trading. Furthermore, an integral part of CMC’s “client first” proposition over the last five years is ongoing client education about markets, products and associated risks. CMC’s business model and ongoing strategy is focused on generating revenue from client trading costs and therefore believes in establishing long-term client relationships.

CMC recognizes that in its consultation paper the FCA regulator is endeavoring to ensure that any regulation is delivered in a balanced fashion and looks forward to working closely with the FCA over the coming months.

CMC Markets brokerage was founded in the UK in 1989 and listed on the London Stock Exchange (LSE) in 2016.  Almost thirty years of experience trading in financial markets has created a loyal following of traders who regularly use this award winning platform for investing their money in various international financial marketplaces.  

CMC Markets UK is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.  In 2015 the firm developed and introduced a proprietary platform for trading binary options called “Countdowns,” which is also licensed and regulated by the FCA, but is also overseen by the Gambling Commission.  

CMC Markets forex trading broker also maintains US and Australian branches that provide traders with opportunities to trade in the US and Australia, which are regulated by the Commodities and Futures Trading Commission (CFTC) in the US and the Australian Securities and Investment Commission (ASIC) in Australia.

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