CMC Markets, one of the top CFD brokers in Europe has launched a brand new offering to its German and Austrian customers.
CMC Markets has expanded its product choices with the roll-out of Knock-Out CFDs in Germany and Austria, allowing clients to trade Knock-Outs in an easy and customisable way via their Next Generation platform.
The FCA regulated online group – one of the largest CFD brokers in Europe – have become the first provider in Germany to offer this service.
What is a Knock-Out CFD?
Knock-Out CFDs are a popular form of derivative trading which offers limited risk. It enables you to speculate on the rising or falling prices of fast-moving global financial markets (or instruments) such as shares, indices, commodities and currencies.
Knock-Out trades also feature the setting of a specific ‘strike price’. This is a price level which, if breached, will close you out of your position and result in the loss of the invested capital.
CMC Markets underlines position as one of the best CFD forex brokers with new offering
The launch of Knock-Out CFDs in both Germany and Austria furthers CMC Markets new product strategy for growth and reinforces their position as one of the top CFD and spread betting brokers. The launch comes just a few months after the group’s highly successful launch of binaries, which came to market in April this year.
Peter Cruddas, Chief Executive Officer of CMC Markets said:
“We are very excited to be able to launch Knock-Out CFDs in Germany and Austria and become the first CFD provider in Germany to do this. This is part of our extensive new product development pipeline.”
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.