CMC Markets is set to unveil its new ‘Tracker’ CFD account which allows traders to choose the exact level of funds required to finance their position – known as ‘customisable financing’.

Spreadbetting specialist CMC says offering customisable financing to the UK market is a completely different approach to fixed leveraging because customers can now decide just how much they wish to fund themselves and how much they want to leverage, on each and every position.

Craig Inglis, product manager for CMC Markets, said traders can now hold onto positions long term with no leverage, or they can trade in the short term with high leverage, the choice is theirs.

He explained, ‘They can do all of this from a single account. Holding costs apply only to the borrowed amount. Customisable financing allows customers to choose the exact level of additional funds required, if any, to finance their position and fractional ownership allows the use of micro investments up to 1000th of a CFD, far smaller than any spread bet.’

In addition, the new Tracker account will permit fractional ownership – where traders gain more control over how their funds are allocated.

Inglis said, ‘Customers can now place a trade to match exactly the amount they are willing to risk. They can trade from as little as 1/1000th of a unit, or for a specific monetary amount, the choice is now theirs.

‘So with a traditional stockbroker the minimum investment is 1 share, with Tracker it can be the equivalent of 1/1000th of a share.

‘The Tracker account, which is a CFD, effectively brings together the features of a share stockbroking account with those of a traditional CFD trading account, with more flexibility, lower costs and greater cross market opportunities.’