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CMC Markets has launched a new ‘Tracker’ account, which brings together the features of a share trading account with those of a traditional CFD trading account.
The Tracker, a CFD, is a cash-settled investment in products which are based on currencies, commodities, indices and companies. As the name suggests, the ‘Trackers’ track the price movement of the chosen product.
CFD Tracker: 0% - 99% Leverage
Uniquely, the CMC Tracker offers customisable financing, which means that traders can choose exactly how much financing they want to use for each position – anything from 0% - 99%.
This means that traders can control their borrowing costs; the 0% financing option will attract long-term investors that traditionally buy stocks and shares through a stockbroker. Customers can now hold onto positions long term with no leverage, or they can trade in the short term with high leverage, the choice is theirs. They can do all of this from a single account. The leverages can of course, enhance profits as well as losses.
CFD Tracker - Invest in a Fraction of a Share
Another innovative new feature of the Tracker is fractional ownership, which allows customers to allocate their funds more effectively. Customers can now place a trade to match exactly the amount they are willing to risk. They can trade from as little as 1/1000th of a unit, or for a specific monetary amount, the choice is now theirs. So with a traditional stockbroker the minimum investment is 1 share, with Tracker it can be the equivalent of 1/1000th of a share.
CFD Tracker
Other features of the new Tracker are:
- Portfolio mixer, with which traders can drag and drop products into a customisable portfolio in any combination. This allows people to monitor and compare the price performance of multiple products from a single chart
- Real-time prices and live news for thousands of global products, allowing CFD traders to make instant, informed decisions, wherever they are
- Detailed factsheets on products, which makes researching trades simple and straightforward. Factsheets include trading hours, margin rates and spreads, real-time news and insights on how other market forces can influence prices.
- Next generation charting with over 70 technical indicators, helping traders to spot significant high and low price levels, thereby helping them to decide the timing of a trade.
- Customers can trade directly through the charts, as well as amend risk management orders such as stops, trailing stops and take profits.
Kerem Ozelli, Head of Product Development and Trading from CMC Markets said: “At CMC Markets, innovation is part of our DNA. The customisable financing feature changes the online CFD industry.
“We think that this and the fractional ownership feature means that traders of all types, both short and long term, need not go anywhere else.”
CMC Markets Account / CMC Markets Website
CFDs, spread betting and FX are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. It is possible to lose more than your initial investment and you may be required to make further payments. These products may not be suitable for all customers therefore ensure you understand the risks and seek independent advice.
Content approved/supplied by CMC Markets UK Plc which is authorised and regulated in the UK by the Financial Services Authority.
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CFD Tracker, last edited by F. Lawson, 28-Jul-11.
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Warning: Contracts for Difference (CFDs), margined forex and financial spread trading are leveraged products and may not be suitable for everyone. Losses can exceed your initial deposit. Please ensure that you fully understand the risks involved and seek independent financial advice where necessary.
The contents of this website are for information purposes only and not intended as a recommendation to trade nor does the content constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CFDs-Online.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
* Tax law is subject to change. It can also differ if you pay tax in a jurisdiction other than the UK.
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