CMC Markets Opens Spectre Account to Retail Clients | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

CMC Markets has expanded access to its Spectre trading account, making the zero-leverage spread betting product available to retail clients.

The FTSE 250 company explained that this follows an initial rollout to professional traders and a subsequent surge of demand from the broader market.

Structured as a spread betting account, Spectre is said to allow clients to trade using their own capital without incurring financing costs on long positions and without the risk of margin calls that are typically associated with leveraged products (also on long positions). 

The account also offers tax-efficient trading, with positions exempt from capital gains tax and stamp duty, though CMC notes that tax treatment depends on individual circumstances.

The decision to extend Spectre to retail clients follows the build-up of a waiting list after the professional launch, which CMC says demonstrated a clear appetite for a simpler and more cost-efficient approach to longer-term trading.

Lord Peter Cruddas, Founder and Chief Executive of CMC Markets, said the removal of leverage and financing costs makes Spectre a “simpler, cost-effective, and tax-efficient” option for those seeking a more accessible route to the markets.

Laurence Booth, Global Head of Markets at CMC Markets, described the retail launch as a “clear example” of the firm shaping the next generation of trading solutions, in line with a wider strategy to expand client choice through products that combine flexibility and cost efficiency.