CMC winning back the big punters, despite being just a “website”

I love the way that even the FT trivialises what brokers do by calling them websites instead of massive financial institutions.

It’s a bit like calling Facebook a blog, or Amazon an online shop.

Anyway, CMC Markets is clearly benefitting from the regulators clampdown on spivvy little brokers nicking the big boys customers by tempting them away with welcome bonuses and excessive leverage.

The big punters are apparently heading back to where they belong with the IGs, CMCs and Saxo’s of the trading world.

CMC said:

The proportion of high value clients has increased, driving a significant improvement in revenue per client compared to the prior year. Overall, active client numbers are slightly below the previous year although the final quarter has seen an increase from the prior year.

You can read the full statement here and find out how to register for more information when CMC Market release full year results on 7th June 2018.

The CMC share price had a healthy boost up 10% on the back of the news trading at 170. That’s up 25% on the year, nicely outperforming the FTSE 100 index (which is actually down 4%), but still not outperforming it’s main rival IG (up nearly 65%)

Compare Vetted Investing, Trading & Currency Accounts

Investing AccountsTrading PlatformsCurrency Transfers
Compare Investment Accounts

Compare Investment Accounts

Compare Trading Platforms

Compare Trading Platforms

Compare Currency Brokers

Compare Currency Brokers

Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”