Spettacolo
Three in Four Spread Bettors Plan to Use Mobile Technology During 2012
CMC Markets, one of the leading providers of spread betting and CFD trading, has responded to increasing customer demand for mobile trading with the launch of an Android spread betting applicationto complement its existing iPhone and iPad trading platforms.
Recent research conducted by Investment Trends found that in 2011 over half (53%) of spread bet traders were using smart phones and/or tablets for trading. The research also found that three in four spread bet traders plan to use mobile technology in 2012.
Android is currently the biggest challenger to iPhone, which is used by over a quarter (27%) of spread traders. Over the next 12 months however, CMC Markets expects that 24% of its trading community will use Android apps.
Craig Inglis , Co-Head of Product Development atCMC Markets said:
The new Android app gives spread bet traders instant access to world markets and their spread betting account from any mobile phone running an Android operating system. The Android spread betting app includes:
CMC Markets provides its customers with one of the most superior deals on the market by combining best spread betting platform technology (with millisecond execution), low overnight financing costs, low margin requirements and tight spreads; all of which are now available across all mobile platforms.
Notes to Editors
CMC Markets is a leading global provider of financialspreadbetting, CFD and foreign exchange (FX). Since
Peter Cruddas founded CMC Markets in 1989, the company now services more than 75,000 clients worldwide, who placed a total of 26 million trades last year.
CMC Markets UK Plc and CMC SpreadbetPlc (collectively known as CMC Markets) are authorised and regulated in the UK by the Financial Services Authority.Share CFDs are not subject to stamp duty and there are no additional costs like floor fees, data feeds (except for Australian Share CFDs) and share registration fees. Apart from the underlying physical bid and offer spread your only execution cost is the commission.
Stamp duty in the UK is currently set at 0.5%, so if you trade a physical share with a total position size of £10,000 you will have to pay £50. This is on top of any additional charges like commission, registration fees etc.
For further information ontrading with CMC Markets please visit http://www.cmcmarkets.co.uk.
cmcmarkets@teamspiritpr.com