AvaTrade expands service coverage: selects Worldpay as new payment partner
Worldpay's solution will process AvaTrade payments for fast, secure transactions. The broker has launched AvaFuture, a futures trading platform that offers a diverse selection of contracts.
Forex and Contracts for Difference (CFD) broker AvaTrade has recently announced the expansion of its product range. The company has selected Worldpay as its new payment partner. worldpay's solution is expected to fulfill AvaTrade's payment processing requirements and provide fast, secure transactions for all clients.
Expanding Payment Options
Karel Voigt, Director of Strategic Sales, Financial Services at Worldpay, shared on LinkedIn, “We're excited to share that AvaTrade, a leading online brokerage, has selected Worldpay as its new payment partner. Our robust solution will fulfill AvaTrade's payment processing needs and provide fast, secure transactions for all customers.
Meanwhile, Worldpay, LLC completes its sale and now operates independently under a majority ownership (55%) in GTCR, with FIS retaining 45%. Charles Drucker has been reinstated as CEO to optimize performance.
The company plans to enhance customer value through increased investment in product development and technology, with the aim of making strategic acquisitions across industries and geographies, and GTCR has committed up to $1.3 billion in additional equity to support these efforts.
Launch of AvaFuture Futures Contract Trading
AvaTrade has expanded its offering with the launch of a specialized futures trading platform called AvaFuture, according to Finance Magnates. The platform offers micro, mini and standard futures contracts on a variety of asset classes, including indices, commodities, currencies, treasuries, cryptocurrencies and metals. According to the AvaFuture website, these contracts are priced at $1.75 per standard contract per trade.
Founded in 2006 and headquartered in Ireland, AvaTrade provides retail forex and CFD trading services for stocks, ETFs, cryptocurrencies and other assets. The addition of futures trading expands its offering to retail traders and complements its existing services, such as options trading through AvaOptions.
AvaTrade is regulated in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the UAE, Cyprus and Israel to ensure compliance with operational standards. While regulatory details for the new futures platform have not yet been announced, AvaTrade can operate under any of its existing licenses.
In addition to product expansion, AvaTrade is exploring regulatory licenses in Spain to enhance its services within the European Union.
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