Highlights:
- AvaTrade, a forex and CFDs broker, has expanded its offerings by partnering with Worldpay to process payments.
- Worldpay’s solutions will ensure fast and secure transactions for AvaTrade customers.
- AvaTrade has also launched AvaFuture, a specialised futures trading platform offering micro, mini, and standard futures contracts across various asset classes.
The forex platforms have left the world stunned as new partnerships and collaborations come to the fore. Recently, AvaTrade, a forex and CFDs broker, announced an expansion in its offerings. The company has chosen Worldpay as its new payment partner. Worldpay’s solutions will handle AvaTrade’s payment processing needs, ensuring fast and secure transactions for all customers.
The Collaboration
Karel Voigt, the Strategic Sales Director for Financial Services at Worldpay, recently shared some exciting news on LinkedIn. He expressed his happiness about AvaTrade, a top online trading broker, picking Worldpay as their new payment partner. According to Voigt, Worldpay’s strong solutions will be responsible for managing all of AvaTrade’s payment processing needs. This means that customers of AvaTrade can expect their transactions to happen quickly and safely, thanks to Worldpay’s reliable services.
At the same time, Worldpay LLC has finished its sale and is now running on its own under GTCR’s majority ownership (55%), while FIS still holds 45%. Charles Drucker has returned to his CEO position to make the company perform better. The company aims to improve the value it offers to clients by investing more in developing products and technology. They also plan to make strategic acquisitions in various industries and regions. GTCR has promised to provide up to $1.3 billion in extra equity capital to help with these efforts.
Meet AvaFuture
AvaTrade has widened its services with the launch of a specialised futures trading platform named AvaFuture. This platform provides micro, mini, and standard futures contracts for various asset types, including indices, commodities, currencies, treasuries, cryptocurrencies, and metals. The pricing for these contracts is set at $1.75 per standard trade, as mentioned on the AvaFuture website.
Established in 2006 and headquartered in Ireland, AvaTrade offers retail forex and CFD trading services for stocks, ETFs, cryptocurrencies, and more. The introduction of futures trading broadens its offerings to retail traders, complementing existing services like options trading through AvaOptions.
It is regulated by authorities in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the UAE, Cyprus, and Israel, ensuring compliance with operational standards. Although specific regulatory details for the new futures platform were not provided, AvaTrade can operate under any of its existing licenses depending on the jurisdiction. Besides expanding its product range, AvaTrade is exploring regulatory licensing in Spain to improve its services within the European Union.