TORONTO, June 14 /CNW/ - CMC Markets, Canada's only provider of Contracts for Difference (CFDs), today announced that it has received regulatory approval in British Columbia to offer CFD and Foreign Exchange (FX) trading to retail investors. With today's announcement, and similar regulatory approvals received last fall, the company's innovative trading products are now available to all retail investors in BC, Ontario and Quebec.
"We are pleased to be able to extend our product offer to all retail investors in BC" said Bruce Seago, CEO, CMC Markets Canada. "In addition to trading access in Canadian and US markets, BC retail investors will now have more online trading options, including Foreign Exchange, Indices, Currencies and popular commodities like Gold and Oil."
"We are now able to continue expanding our product offerings to a wider retail client base, strengthening our position as one of Canada's leading online trading firms, and addressing the needs of active traders who are looking for a cost effective and efficient alternative to physical shares, ETFs and Futures," added Mr. Seago.
Although a relatively new investment product in the Canadian marketplace, CFDs continue to grow in popularity as they offer instant, cost-effective access to global Commodities, Indices, Equities and FX all across one real-time online platform.
All CFD and FX instruments traded with CMC Markets are traded on margin, with rates on Canadian and US Shares starting from 15%. Margin rates for Commodities, FX and Indices range from 2-12%. Investing with leverage, or on margin, means that you only need to deposit a percentage of the value of a position to secure the trade. This provides investors with an opportunity to diversify their portfolio by freeing up more capital for alternative trades or to magnify their return on investment. Since trading on margin may also increase your losses, trading CFDs and FX may not be suitable for all investors.
CMC Markets also offer a highly competitive $5 flat rate commission with no minimum trade requirements on Canadian and US shares.
As a member of the Investment Industry Regulatory Organization of Canada (IIROC), all client accounts of CMC Markets Canada are protected by the Canadian Investor Protection Fund (CIPF).
For more information on CMC Markets Canada and CFDs please visit www.cmcmarkets.ca.
About CMC Markets
CMC Markets is a global leader and pioneer in online trading. Headquartered in London, England, CMC Markets has 15 offices worldwide and represents clients in over 85 countries. The company specializes in Contracts for Difference (CFDs), a revolutionary trading product and Foreign Exchange.
Operating in Canada since 2005, CMC Markets has an office in Toronto and is the only provider of CFDs in the country.
CFDs are distributed in Canada by CMC Markets Canada Inc. dealer and agent of CMC Markets UK plc. Trading CFDs and FX involves a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. CMC Markets is an execution only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities. CFD and FX trading is available in jurisdictions in which CMC is registered or exempt from registration, and outside of British Columbia, Ontario and Quebec is available to Accredited Investors only.
SOURCE CMC MARKETS CANADA
For further information: For further information: Voula Moran, CMC Markets Canada, (416) 682-5067, email@example.com