AvaTrade Expands Offerings: Selects Worldpay as New Payments Partner

Monday, 10/06/2024 | 14:29 GMT by Tareq Sikder
  • Worldpay's solutions will handle AvaTrade's payments for swift and secure transactions.
  • The broker has launched AvaFuture, a futures trading platform providing diverse contract options.
AvaTrade and Worldpay

AvaTrade, a forex and contracts for differences (CFDs) broker, has recently announced an expansion in its offerings. The company has selected Worldpay as its new payments partner. Worldpay's solutions are expected to handle AvaTrade's payment processing requirements, facilitating swift and secure transactions for all customers.

Expanding Payment Options

Karel Voigt, Strategic Sales Director Financial Services at Worldpay, shared on LinkedIn: “Thrilled to share that leading online trading broker, AvaTrade, has chosen Worldpay as their new payments partner. Our robust solutions will power AvaTrade’s payment processing needs, enabling fast and safe transactions for all their customers.”

Meanwhile, Worldpay, LLC, has completed its sale and now operates independently under GTCR's majority ownership (55%), with FIS retaining 45%. Charles Drucker has resumed his CEO role to optimize performance.

The company plans to enhance client value through increased investment in product development and technology, aiming for strategic acquisitions across industries and regions. GTCR has pledged up to $1.3 billion in additional equity capital to support these efforts.

Introducing AvaFuture for Futures Contracts Trading

AvaTrade has broadened its services by introducing a specialized futures trading platform called AvaFuture, as reported by Finance Magnates. This platform offers micro, mini, and standard futures contracts across various asset classes, including indices, commodities, currencies, treasuries, cryptocurrencies, and metals. The pricing for these contracts is set at $1.75 per standard per trade, as stated on the AvaFuture website.

Established in 2006, AvaTrade is headquartered in Ireland and provides retail forex and CFD trading services for stocks, ETFs, cryptocurrencies, and other assets. The addition of futures trading expands its offerings to retail traders, complementing its existing services such as options trading through AvaOptions.

AvaTrade is regulated by authorities in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the UAE, Cyprus, and Israel, ensuring compliance with operational standards. Although the regulatory details for the new futures platform were not specified, AvaTrade can operate under any of its existing licenses depending on the jurisdiction.

In addition to product expansion, AvaTrade is exploring regulatory licensing in Spain to enhance its services within the European Union.

AvaTrade, a forex and contracts for differences (CFDs) broker, has recently announced an expansion in its offerings. The company has selected Worldpay as its new payments partner. Worldpay's solutions are expected to handle AvaTrade's payment processing requirements, facilitating swift and secure transactions for all customers.

Expanding Payment Options

Karel Voigt, Strategic Sales Director Financial Services at Worldpay, shared on LinkedIn: “Thrilled to share that leading online trading broker, AvaTrade, has chosen Worldpay as their new payments partner. Our robust solutions will power AvaTrade’s payment processing needs, enabling fast and safe transactions for all their customers.”

Meanwhile, Worldpay, LLC, has completed its sale and now operates independently under GTCR's majority ownership (55%), with FIS retaining 45%. Charles Drucker has resumed his CEO role to optimize performance.

The company plans to enhance client value through increased investment in product development and technology, aiming for strategic acquisitions across industries and regions. GTCR has pledged up to $1.3 billion in additional equity capital to support these efforts.

Introducing AvaFuture for Futures Contracts Trading

AvaTrade has broadened its services by introducing a specialized futures trading platform called AvaFuture, as reported by Finance Magnates. This platform offers micro, mini, and standard futures contracts across various asset classes, including indices, commodities, currencies, treasuries, cryptocurrencies, and metals. The pricing for these contracts is set at $1.75 per standard per trade, as stated on the AvaFuture website.

Established in 2006, AvaTrade is headquartered in Ireland and provides retail forex and CFD trading services for stocks, ETFs, cryptocurrencies, and other assets. The addition of futures trading expands its offerings to retail traders, complementing its existing services such as options trading through AvaOptions.

AvaTrade is regulated by authorities in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the UAE, Cyprus, and Israel, ensuring compliance with operational standards. Although the regulatory details for the new futures platform were not specified, AvaTrade can operate under any of its existing licenses depending on the jurisdiction.

In addition to product expansion, AvaTrade is exploring regulatory licensing in Spain to enhance its services within the European Union.

About the Author: Tareq Sikder
Tareq Sikder
  • 1104 Articles
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About the Author: Tareq Sikder
A Forex technical analyst and writer who has been engaged in financial writing for 12 years.
  • 1104 Articles
  • 14 Followers

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