CMC Markets Stockbroking Wins Award at Money Magazine's 2011 Best of the Best Awards

SYDNEY, Nov. 30, 2010 /PRNewswire/ -- CMC Markets, the leading independent financial services provider, has been judged 'Cheapest Online Broker' in the prestigious Money magazine 2011 Best of the Best awards.

The win caps off a resoundingly successful year for CMC Markets with its stockbroking business launching Australia's lowest online brokerage rate of $9.90 or 0.10%.

"The 'Cheapest Online Broker' award is a fantastic achievement for CMC Markets Stockbroking but what makes us most proud is that we haven't sacrificed service or functionality in order to deliver this low cost brokerage," said Barry Odes, Managing Director of CMC Markets Australia and New Zealand.

"CMC Market's low brokerage has really invigorated competition in that sector of the market. This low brokerage is not associated with an equivalent cut in features, as CMC Markets offers extensive charting and research options, as well as dynamic trading, which is normally associated with higher-cost platforms," said Mitchell Watson, an analyst at CanstarCannex, the leading financial research company which ranked the brokers for Money magazine.  

The Money magazine Best of the Best award is the second accolade this year that CMC Markets has won for its stockbroking business.  In August, the AFR Smart Investor Blue Ribbon Awards recognised CMC Markets as one of the top 3 'Feature Rich Brokers' in Australia.

CMC Markets' clients can access a platform that offers low cost brokerage with free unlimited conditional orders, access to all ASX equity instruments, live pricing, market news and analysis, and free charting which will ensure clients are more equipped than ever to make smart, strategic trading decisions.  

"Another feature of our stockbroking platform is that our clients are able to tap live into select margin lending execution offerings which enables them to trade on margin loans from our standard online offering rates of $9.90 (no additional charges like other brokers).  This has proven to be a flexible and innovative solution as clients look to add depth to their share portfolio direct from their trading platform," said Mr Odes.

About CMC Markets

The CMC Markets Group, a leading independent financial services provider, offers a range of investment products and investment tools including shares, options, listed managed investments, warrants, interest rate securities and Contracts for Difference (CFDs).   Through our partnerships we can also provide access to managed funds and margin lending execution. In 2007 CMC Markets launched its broking service with the acquisition of Andrew West Stockbroking and CMC Markets Stockbroking is now one of the only non-bank aligned, online stockbrokers in Australia.

CMC Markets is a pioneer of CFD trading in Australia and a world leading CFD provider.  With offices in London, Frankfurt, Dublin, Madrid, Vienna, Sydney, Tokyo, Toronto, Beijing, Auckland, and Singapore, CMC Markets represents clients in over 70 countries. The company was founded in 1989 and is regulated by ASIC in Australia. CMC Markets Stockbroking is a participant of the ASX Group.

For more information please visit www.cmcmarkets.com.au

SOURCE CMC Markets

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED