Today, CMC Markets Singapore Invest Pte. Ltd., the new Singapore stockbroking related entity of leading global online financial trading firm CMC Markets Plc, has announced the soft launch of its new online and mobile trading platform, “CMC Invest”, for Singapore.
Singapore is the second destination in Asia Pacific for the launch of CMC Invest, following a successful launch for the region in Australia. CMC Markets has built a trusted 16-year heritage and reputation in the city state, offering contracts for difference (“CFDs”), that CMC Invest will build upon to provide a holistic investment solution to its customers.
The Singapore iteration of CMC Invest will offer Equities, ETFs, Options and Futures with its industry leading platform, which seeks to provide customers with transparency - this means no hidden fees or charges such as platform, inactivity or settlement fees. The platform will grant customers access to a comprehensive range of listed products along with research tools that includes Trading View Charting, ESG rankings, Opto content and Thematic Investing. CMC Invest will also offer a full breadth of listed securities for their clients, not just the top listed. In time, CMC Invest will be offering Wealth Management as well. The new platform is expected to be made available to existing CFD clients of CMC Markets in Singapore from May 2023. Clients new to CMC Markets in Singapore will be able to create new CMC Invest accounts from Q3 2023 onwards.
CMC Markets Singapore Invest Pte. Ltd. (CMC Invest Singapore) received its capital markets services licence earlier this year from the Monetary Authority of Singapore, similar to the licences held by CMC Invest regulated entities in the respective markets of the UK and Australia.
Head of CMC Invest Singapore, Christopher Forbes, said: “From politics to inflation, investors are currently experiencing a volatile period in the market. More than ever, they need a trusted partner that boasts a strong heritage in providing a reliable, transparent platform to help them navigate uncertain times. We are ultimately responsible stewards of our clients’ assets and our fiduciary responsibility is to provide them with an easily-navigable and robust platform, with the right tools and guidance. Investors can also enjoy a repository of research notes and investment insights, which will empower them to make more informed investment decisions.”