AvaTrade Taps Pelican for White-Label Copy-Trading Solution Launch

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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term platform has integrated Pelican’s broker-neutral copy-trading solution to offer trade execution and communication in a central network for their clients.

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 Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term 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.