AvaTrade Tightens Spreads & Adds Equity Baskets
Top-rated forex broker, AvaTrade, has upgraded its instruments and trading conditions with new equity baskets and tighter spreads on popular cryptos, including Ethereum, Bitcoin Gold and Ripple. The changes are the latest in a string of improvements to the AvaTrade offering.
AvaTrade Rolls Out New Products
AvaTrade has gone live with new indices that track baskets of stocks in particular industries, from airlines and green energy firms to vaccine giants. The latest suite of products means clients can speculate on industry trends without taking on the risks and research burden of investing in a single company.
The broker has also made decentralised cryptos Chainlink and Uniswap available on its trading platforms. Both altcoins are third-wave decentralised finance (DeFi) cryptos and expand the use of blockchain beyond value transfer to more sophisticated financial use cases based on smart contracts in the blockchain network.
AvaTrade’s CEO, Dáire Ferguson, had this to say of the new changes “We are delighted to expand our client offering with the addition of some important new products. DeFi is really starting to take off in the crypto space and we are delighted to be able to offer our clients the chance to trade these new instruments. In addition, a scale-back in crypto spreads now means AvaTrade’s offering is among the most competitive on the market, bringing our clients better value when trading.”
Established in 2006, AvaTrade is one of the biggest names in the forex and CFD space with retail clients spanning multiple continents and 24/7 customer support offered in over 20 languages. The award-winning broker connects clients to financial markets through the MT4 and MT5 platforms, in addition to its exclusive AvaTradeAct solution.
Clients can trade on over 1,250 products, including forex, cryptos, options, stocks, bonds, ETFs and commodities. Automated copy trading is available on desktop and mobile devices while the company promises ultra-tight spreads on popular instruments.
With an already established customer base, it’s reassuring to see AvaTrade is committed to enhancing the user experience with innovative new products and competitive fees.