A user asked: I’m Looking for a platform with low leverage 1:3 low charges and low spread. 100k to trade.
The answer is yes – CMC Markets Spectre offers an option to set your own leverage levels.
You obviously can’t increase them, but you can reduce them all the way up to 100%.
The advantage of this when trading CFDs is that you don;t have to pay the overnight financing on trades. So if you are looking to hold positions in the long term there is no need to pay the 0.5% stamp duty or commission on a CFD.
It can also help mitigate risk if you don;t want the temptation of over leveraging…
The disadvantage is that you don’t have get all the voting rights of owning the actual shares.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
