Exclusive: AvaTrade Adds AvaOptions to WebTrader

Ireland-headquartered AvaTrade has exclusively informed Finance Magnates about the launch of AvaOptions WebTrader, which will allow its clients to trade forex options contracts.

AvaOptions was initially launched in March 2020 as a mobile-only platform, but the broker has now extended its support to its proprietary desktop-based 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.

Commenting on the development, AvaTrade Chief, Dáire Ferguson said: “We are excited to start 2021 with the launch of AvaOptions WebTrader, offering our veteran users highly attractive pricing, efficient margining, and commission-free trading wherever they go.”

The broker explained that the web-based options trading platform will be similar to the mobile version and will support all the tools and features. Indeed, the options-specific platform will additionally allow trading with forex and commodities.

“The WebTrader platform has been designed to have the same look and feel as our intuitive mobile app, which makes visualizing and executing strategies as simple and convenient as possible for our customers,” Ferguson added.

Rising Demand for Forex Options

Regulated in multiple jurisdictions, AvaTrade offers trading services with several instruments, including forex, stocks, commodities, and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. The brokerage aggressively expanded its regional reach and also product line last year. It has further expansion plans for 2021.

In a recent interview with Finance Magnates, Ferguson revealed that AvaOptions, which offers vanilla options trading, was very popular among both new and experienced traders.

Despite the demand, options trading remains very risky. AvaOptions patented GUI that shows the risk and reward of any trade in the context of the past and the future potential outcomes and additionally integrated a strategy guide, which offers traders a dozen options, strategies that can be executed in a few clicks.

The broker further invests in other popular trading services and launched a copy trading application last November following its partnership with Pelican.