Multi-asset online trading company CMC Markets has launched Spectre for retail clients, following strong demand after the product was initially introduced for professional traders.

Structured as a zero-leverage spread betting account, Spectre allows clients to trade tax-efficiently, using their own capital, while benefiting from tax-efficient trading, including exemption from capital gains tax and stamp duty.

Following the launch for professional clients, CMC saw significant interest from retail traders through its waiting list, highlighting growing demand for a more cost-efficient approach to longer-term trading.

By removing leverage, Spectre is designed for clients seeking a simpler and more cost-efficient way to trade, without the financing costs typically associated with leveraged products.

With more than 36 years of financial markets’ experience, CMC continues to expand its multi-asset offering, giving clients greater flexibility when accessing global markets.

Lord Peter Cruddas, Founder and Chief Executive Officer, CMC Markets, said:

“Following strong demand and a growing waiting list, our Spectre account is now available to all clients, including retail investors, following the initial launch to professional-only clients.

By removing leverage and financing costs, the Spectre account offers a simpler, cost-effective, and tax-efficient way to trade, without capital gains tax and stamp duty.”

Laurence Booth, Global Head of Markets, CMC Markets, commented:

“The launch of Spectre for retail clients is a clear example of how we are shaping the next generation of trading solutions.

“It reflects our wider strategy to expand client choice through products that combine flexibility and cost efficiency, while continuing to strengthen CMC Markets’ position as a leading multi-asset financial services firm.”

Please note that margin calls and leverage are not applicable on long positions, but may apply to short positions.