CMC Invest To Start Accepting Clients From Singapore
CMC Markets is going live with its soft launch of CMC Invest in Singapore. The firm has been eyeing expansion in Asia after recently obtaining a license from the Monetary Authority of Singapore (MAS). The new platform is already available in the UK and Australia.
CMC Invest will provide a suite of products to clients from Singapore, including equities, futures, options, and ETFs. The brand also plans to introduce wealth management services.
The platform essentially provides a low-cost way to speculate on the stock market. Pricing is transparent with subscription fees based on the investment account.
Designed with long-term financial goals in mind, users can plan for their retirement, rainy days, bucket list items, and more.
The slick platform and mobile app are beginner-friendly with straightforward navigation and account dashboards.
Existing CFD traders will be able to access CMC Invest from May 2023. The firm will start accepting new users from Q3 2023.
CMC Invest will be available through the company’s sister entity, CMC Markets Singapore Invest Pte. Ltd.
“A Trusted Partner”
Head of CMC Invest Singapore, Christopher Forbes, commented: “From politics to inflation, investors are currently experiencing a volatile period in the market. More than ever, they need a trusted partner that boasts a strong heritage in providing a reliable, transparent platform to help them navigate uncertain times.”
Forbes added: “We are ultimately responsible stewards of our clients’ assets, and our fiduciary responsibility is to provide them with an easily-navigable and robust platform, with the right tools and guidance. Investors can also enjoy a repository of research notes and investment insights, which will empower them to make more informed investment decisions.”
About CMC Markets
CMC Markets is a well-regarded trading brand that launched in 1989. More than 300,000 clients have opened an account with the firm in the last 30+ years.
CMC Markets is based in the UK and listed on the London Stock Exchange (LSE). As well as its MAS license, the brokerage is regulated by the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), and the Investment Industry Regulatory Organization of Canada (IIROC).
Singapore will be the second country in the Asia Pacific region where CMC Invest will be available, following a successful launch in Australia. Clients in Singapore will be able to sign up for CMC Invest next month.
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