AvaTrade Acquires Australian Customer Book of YouTradeFX

AvaTrade has confirmed that its Australian subsidiary, Ava Capital Markets Australia Pty Ltd., has acquired the Australian customer book of YouTradeFX. According to AvaTrade, the deal has been in the works for several months as they viewed synergies between the two broker’s businesses, with customer migration having already taken place.

With the deal, YouTradeFX clients under the broker’s Australian Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term will now be assumed by AvaTrade. As part of the transfer, former YouTradeFX customers will have access to trading with AvaTrade’s wider selection of platforms, trading instruments and binary options. Commenting in their public remarks, AvaTrade Chief Commercial Officer, Keith Goldson, remarked about the deal’s result of expanding AvaTrade’s presensce in the APAC regions, saying, “We are delighted to announce this agreement which is another step in achieving AvaTrade’s goal of expanding its presence in the Asia-Pacific market.”

For YouTradeFX, the deal comes as the broker became regulated in Cyprus last July, providing them access to market in the EU and UK. As such, selling its Australian book is part of the company’s consolidation efforts of its regulatory status, thus removing dual accounting and net capital requirements. Among achievements of the Cyprus operations, when pivoting to operate as a social broker instead of a cross-firm social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Tradeo announced that it had partnered with YouTradeFX for onboarding of its clients.