CMC stock
trading platform in Singapore has restructured its pricing model, establishing
its “Invest” tier as the new default offering at no cost to customers. The
change, which has already taken effect, replaces the previous “Gold” tier and
provides users with more than double the number of free monthly trades along
with reduced foreign exchange rates.

CMC Markets Enhances
Singapore Platform Offering, Cuts FX Rates

Under the
new standard “Invest” tier, all customers will receive 45 free trades per month
across Singapore, Canada, Hong Kong, United States, and United Kingdom markets,
up from 22 trades previously offered in the “Gold” tier. The platform has also
reduced its foreign exchange settlement rate to 0.20%, aiming to deliver
savings for investors trading in international markets.

The
decision to make these changes permanent follows a 12-month promotional
campaign that began in April 2024, during which clients were given
complimentary access to the “Invest” accounts. According to the company,
customer feedback prompted the move to establish these enhanced features as the
standard offering.

“Today’s
investors expect both value and sophisticated tools,” said Christopher
Forbes, Head of Asia at CMC Singapore. “By making our ‘Invest’ tier the
new standard, we’re giving clients access to capabilities without the premium
price tag.”

The offer
is part of CMC Invest,
a stock trading platform provided by CMC Markets, a publicly listed UK broker
specializing in spread betting and CFDs. As exclusively reported by Finance
Magnates last month, David
Fineberg took over as CEO of CMC Invest in the UK, following the departure
of Albert Soleiman from the position.

Platinum and Diamond Tiers
Revised

The company
has also revised its premium “Platinum” and “Diamond” subscription tiers, which
now offer lower FX settlement rates and additional free trades. The Platinun
one, priced at SGD 108 per month, provides 90 free monthly trades, while the Diamond
at SGD 128 monthly offers 120 free trades.

The premium
tiers maintain their zero platform, inactivity, custody, and settlement fees,
matching the free ‘Invest’ tier in that regard. However, they provide more
favorable commission rates, with the “Diamond” tier offering the lowest FX
conversion fee at 0.15% compared to 0.20% for the other tiers.

CMC Markets
has maintained a presence in Singapore since 2007, with its local entity
holding a Capital Markets Services Licence from the Monetary Authority of
Singapore to offer listed equities and ETFs on its Invest platform. However
the stock trading platform CMC Invest was launched locally in September 2023.