CMC Markets launches Spectre zero-leverage spread betting account for retail clients
CMC Markets launched CMC Spectre, a zero-leverage spread betting account, for retail clients on 18 May 2026, after first offering the product to professional traders. The company said the account lets clients use their own capital without financing costs or margin calls on long positions; it attributed capital gains tax and stamp duty exemptions to the product while noting tax treatment depends on individual circumstances.
View original sourceRetail rollout
CMC Markets announced CMC Spectre for retail clients on 18 May 2026, following the product's initial introduction for professional traders. The company cited strong demand and a waiting list from retail traders and said the account expands its multi-asset offering with a simpler, more cost-efficient approach to longer-term trading.
Account terms and tax treatment
Spectre is structured as a zero-leverage spread betting account. CMC Markets said clients trade using their own capital, without the financing costs typically associated with leveraged products, and it described the account as tax-efficient, including exemption from capital gains tax and stamp duty. The company added that tax treatment depends on individual circumstances and may change. It also stated that margin calls and leverage are not applicable on long positions but may apply to short positions.
Executive comment
Lord Peter Cruddas, Founder and Chief Executive Officer, said the Spectre account was available to "all clients, including retail investors" after the professional-only launch. Laurence Booth, Global Head of Markets, said the retail launch reflects the company's strategy to expand client choice through products combining flexibility and cost efficiency.
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