AvaTrade, a contracts for difference (CFDs) broker, has partnered with Pelican Trading to offer a white-label copy trading solution called AvaSocial.
Pelican itself offers copy-trading solutions to brokerage firms.
“We are excited to launch a new platform – AvaSocial – which further demonstrates our dedication to supporting our customers,” AvaTrade CEO, Daire Ferguson said. “AvaSocial users will be able to learn from and copy the experts, message other investors, and confidently execute trades all on one platform.”
The press release shared with Finance Magnates detailed that AvaTrade’s execution platform has integrated Pelican’s broker-neutral copy-trading solution to offer trade execution and communication in a central network for their clients.
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Additionally, Pelican will allow AvaTrade’s clients to auto-copy signals, execute trades, chat, and analyze performance on its mobile platform.
Commenting on the development, Mike Read, Pelican Trading co-founder and CEO, said: “Pelican Trading continues to grow at an unprecedented rate, and we are extremely pleased to have partnered with AvaTrade to provide and integrate our proprietary social trading technology solution.”
“The partnership will allow the leading FX broker’s wider client base to benefit from our unique white label copy trading solution via the AvaSocial mobile platform.”
Aggressively Expanding Services and Reach
AvaTrade is focused on the expansion of its services lately and earlier introduced risk management tool AvaProtect and also AvaOptions Mobile. Furthermore, the brokerage is focused on geographical expansion as well and have gained a license in Abu Dhabi and opened a new office in Poland.
“At AvaTrade we are committed to fostering long-lasting relationships with our customers, supporting them and helping them make profits with their trades, on the understanding that a successful trader is likely a repeat customer,” Ferguson added.