Broker of the month: City Index, read our expert and client reviews here
Spread betting platforms are responding to European legislation which could cap the amount of exposure spread betting clients can take on.
One of the largest providers, CMC Markets has launched a new product designed specifically for professionals. They argue that most of their clients are sophisticated enough to understand the risks and so have launched a platform designed to circumvent the new rules.
CMC Pro allows their professional clients to continue trading at their existing leverage rates. In order to trade on the platform clients must have a portfolio of at least $500,000 and have made at least 10 trades per quarter over the past 12 months. They must also have worked in the financial sector for at least a year.
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