Abstract:AvaTrade introduces AvaFuture, a new platform for trading futures, offering a range of contracts across various assets.
As well-known forex and contracts for differences (CFDs) exchange, AvaTrade has expanded its financial services by adding a new futures trading tool called AvaFuture. As of yesterday, AvaFuture was officially launched. It provides micro, mini, and normal futures contracts for diverse customers.
The new platform provides equity, commodity, currency, fund, cryptocurrency, and metal futures transactions. According to the company's website, AvaFuture charges a flat rate of $1.75 per normal sale for these contracts. This is a reasonable pricing plan.
Since it began in 2006, AvaTrade has had its main office in Ireland and has grown its services to offer more trade choices for individual clients. These include dealing in foreign exchange, stocks, exchange-traded funds (ETFs), and cryptocurrencies under different brand names, such as AvaOptions for selling options. With the addition of futures dealing, AvaTrade has greatly increased the range of services it provides, to give small users better tools.
Many international countries have allowed AvaTrade to do business, including those in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the United Arab Emirates, Cyprus, and Israel. The specific regulatory body in charge of AvaFuture has not been disclosed, but AvaTrade claims that the new platform will adhere to the same tight restrictions as its existing services.
In addition to adding more products, AvaTrade is also thinking about spreading to more places. The firm is looking into getting a regulatory license in Spain right now. This would make its position and services stronger in the European Union.
Moving toward buying futures isn't just happening at AvaTrade. The trend in the industry shows that traders who have usually focused on CFDs are becoming more interested in futures. For example, Plus500, located in London, purchased Cunningham Commodities and Cunningham Trading Systems in 2021 to trade futures in the United States. Similarly, Ingmar Mattus, the founder of Tickmill, just released MetroTrade, a futures trading tool designed for the US market.
Acuity discovered that over half of European market participants are considering trading futures and options in place of conventional over-the-counter products like CFDs. These findings support this change in the sector. Companies like AvaTrade balance their holdings while also meeting the shifting demands and wishes of customers worldwide by offering new future products.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
Two men were arrested in Miami and Los Angeles for a $230M cryptocurrency scam. Learn how this Bitcoin theft unfolded and what it means for crypto security and legal fields.
Revolut, recently licensed by Mexico’s CNBV, is set to launch in early 2025, offering digital banking services like free international transfers and high-yield savings.