After years of extensive research and development in its new spread betting and CFD platform, CMC Markets has launched its new trading portal, designed to approach spread betting from a whole new angle. Of course, we’ve heard this kind of rhetoric before from brokers, particularly those that are web-based. So what’s revolutionary about the CMC Markets setup, and is it likely to have a positive effect for traders?
CMC Markets boldly claim to have ‘reinvented’ spread betting, as a result of its new proprietary system which has been 3 years and multiple millions in the making. On first glance, the platform looks space-agey, and the interface is far more attractive than your standard spread betting portal. But when you take things a little deeper, the real power of the system begins to shine through.
A ‘Library’ function with instant, real-time access to the world markets allows you to find out what’s going on around the world markets quoting automatic, live prices, and you can effect trading decisions directly off chart while making use of the many drag and drop functionalities built in to the system. Every product comes with its own comprehensive facts sheet so you’re completely in the know about how it works, a brief history and the context in which your investment will sit. It’s all about improving the trading experience, and no doubt within a matter of seconds you’ll agree it fulfils this brief.
Customizable, drag and drop watchlists make it easy to keep track of your portfolio. Orders are easily executed through an easy to understand trading pane, and your real-time results are displayed in front of you once you confirm the order.
This might all sound like something of a sales pitch, but the stylish appearance and enhanced functionality of the CMC Markets platform make it a serious player, and a serious contender for experienced traders looking for a more user-friendly platform.
The man behind the magic, Peter Cruddas, was responsible for giving birth to the world’s first ever online forex platform in the mid-90s, and if our experiences of the new CMC Markets platform are anything to go by, he could well have another runaway success on his hands.
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