AvaTrader, a contracts for difference (CFD) broker, has made its risk management tool AvaProtect available for its desktop trading application AvaTrade WebTrade, Finance Magnates can reveal exclusively this Thursday.
AvaProtect is a risk management tool that requires only one click. The aim of the solution is to protect users’ traders from adverse market movements. As Finance Magnates reported exclusively, the solution was launched at the beginning of this year, but it was only available on the company’s mobile app, AvaTradeGo. Now, it is also available via WebTrade.
Specifically, clients of AvaTrade can activate the risk management solution, for a fee, and choose the period they want protection. If the protected position has dropped in value at the end of the chosen period, AvaTrade will reimburse the loss.
Commenting on the new product, Dáire Ferguson, CEO of AvaTrade said in the statement: “Today’s economic and geo-political environment is stoking plenty of market volatility, which means great opportunities, but also great risks, for traders.
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“AvaProtect empowers our clients to follow their convictions and express their market views, safe in the knowledge that they can protect their trades from losses through AvaProtect – a truly distinct feature within our industry.”
“Our core value is to empower people to be able to invest and trade with confidence in a safe and reliable environment, and we believe that AvaProtect really delivers on that commitment.”
AvaTrade continues expansion in 2020
So far this year, AvaTrade has been actively expanding its offering. As Finance Magnates reported, the CFD broker recently launched AvaOptions Mobile, which was specifically designed for foreign exchange (forex) and Options traders.
Furthermore, the company has been expanding its geographical footprint, with the broker securing a licence from the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA) in February and opening a new office in Poland last month.