CMC Markets Stockbroking Wins Financial Review Smart Investor Blue Ribbon Award for Cheapest Online Broker

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CMC Markets Stockbroking has won the 2012 Financial Review Smart Investor Blue Ribbon award for cheapest online broker for the second year in a row. CMC Markets said the award is recognition for its platform, which is not only the lowest priced, but also offers active traders the best value through market-leading features.

We knew from the beginning simply being cheap in this market is not enough, and we are very proud to have built a platform that offers traders the best features at an affordable price.

CMC Markets Stockbroking has won the 2012 Financial Review Smart Investor Blue Ribbon award for cheapest online broker for the second year in a row.

CMC Markets said the award is recognition for its platform, which is not only the lowest priced, but also offers active traders the best value through market-leading features.

“This is the second year running we have won this award and it is a significant endorsement for our stockbroking platform, which contains some of the most advanced features in the market,” said Louis Cooper, Head of CMC Markets Australia and New Zealand.

CMC Markets Stockbroking implemented the market’s lowest price point of $9.90 per trade in 2010. The low brokerage has allowed frequent traders to trade more often and take advantage of volatility in the market.

“We knew from the beginning simply being cheap in this market is not enough, and we are very proud to have built a platform that offers traders the best features at an affordable price,” Mr Cooper said.

CMC Markets Stockbroking recently added a number of new features to their platform, including advanced charting and technical analysis through a partnership with Trading Central. CMC Markets has also launched Linked Orders, an advanced risk management tool unique to CMC Markets Stockbroking, which allows traders to pre-define entry and exit points.

CMC Markets Stockbroking has won six awards for its platform over the past two years, including being named Best Value Online share trading platform for the second year running in Canstar’s online share trading report, released in April.

In a statement at the time, Canstar’s senior financial analyst Mitchell Watson said it was very hard to go past CMC Markets when looking at the trading platform that offered the best value across Australia. “Even though CMC Markets slashed its brokerage fees, it still retains all the features you would normally associate with higher-cost platforms.”

Mr Cooper concluded: “We have put a lot of thought and effort into what active traders want from their platform, and it is good to see this is being recognised by the industry.”

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