FCA regulated online brokerage group CMC Markets Plc (LON:CMCX) has expanded its product portfolio with the launch of Knock-Out CFDs in Germany and Austria.
Clients will be able to trade Knock-Outs in an easy and customisable way via the Next Generation platform.
A Knock-Out CFD is a popular limited-risk form of derivative trading which enables a client to speculate on the rising or falling prices of fast-moving global financial markets (or instruments) such as shares, indices, commodities and currencies. Knock-Out trades also feature the setting of a specific strike price – a price level which if breached, will close the client out of their position and result in the loss of the invested capital.
The launch of Knock-Outs furthers the Group’s new product strategy for growth, following the highly successful launch of binaries in April this year.
Commenting on the launch, Peter Cruddas, Chief Executive Officer, CMC Markets said:
We are very excited to be able to launch Knock-Out CFDs in Germany and Austria and become the first CFD provider in Germany to do this. This is part of our extensive new product development pipeline.’