CMC Markets Unveils New Stockbroking Offer


Invites Frequent Traders to Reap Rewards

CMC Markets unveil its new stockbroking packages.

CMC Markets unveil its new stockbroking packages.

CMC Markets yesterday unveiled its new stockbroking packages, which the business says reaffirms its commitment to the Australian market and its serious intent to win substantial market share of the frequent trader segment.

The move by CMC Markets Stockbroking is the first in a number of initiatives that will see the business leverage its global expertise to become a dominant player in the Australian stockbroking market.

Andy Rogers, Head of CMC Markets Stockbroking, says rewarding frequent traders is at the heart of the new offer. “We are serious about delivering incredible value to frequent traders and believe our new brokerage packages and rates set us apart from the rest of the industry – particularly for the trader who executes larger trades.  There simply is no better offer on the market for frequent traders,” says Rogers.

The launch of the new packages reflects CMC Markets’ confidence in growing the stockbroking business with a particular focus on delivering cutting edge technology at a great price, with outstanding service that provides traders with immediate access to expert assistance.

From 2 October CMC Markets will offer packages for three types of stockbroking trader – ‘Classic’, ‘Active Investor’ and ‘Premium Trader’ tailoring the technical features and pricing for each group.  All categories will benefit from the best value pricing currently available.

 Table 1: CMC Markets Stockbroking new trading tiers


Frequent traders, a group encompassing Active Investors and Premium Traders, will pay from $9.90 or 0.08% for each trade and benefit from access to the most sophisticated technology available to traders in Australia.  For example, Premium Traders receive free access to dynamic data, technical analysis, research and trading ideas, and comprehensive tax and portfolio management tools.

“Our pricing is the best available on the market but what we are most proud of is the value we are able to offer traders, in particular frequent traders,” said Rogers.  “We’ve invested heavily in technology and as a result can provide even the most demanding traders with all the tools they need to trade successfully.  Add to this outstanding customer service whereby traders can get immediate assistance from our experienced and highly-skilled Sydney-based team and this is a package that really can’t be beaten by any other providers.”

Currently frequent traders account for around half of CMC Markets’ clients.  These frequent traders hold an average of 17 different securities at any one time and make around 25 trades every month.  Over the last 12 months the most popular securities traded were Linc Energy, Fortescue Metals Group, CBA, Telstra and Atlas Iron.

Mr Rogers added, “By understanding the needs of our frequent traders we are able to offer the best possible value, technology and service to this group.  We have forged strong, trusted relationships with our clients as a result of this understanding and our ability to deliver for them every time.”

As part of CMC Markets’ commitment to providing the best service for clients it recently moved its IT infrastructure within the ASX Australian Liquidity Centre (ALC).

“The purpose-built data centre is designed to meet the demands of the financial market community and provides CMC Markets Stockbroking with reliable access to trading data and venues. As we expand our online trading platform offering we are in the best position to take advantage of these state-of-the-art technologies and pass on the benefits to our clients,” concluded Rogers.

Table 2: Summary of new packages offered by CMC Markets Stockbroking


Table 3: Summary of technical features available to Premium Traders


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