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#1 02-02-2020 20:58:37

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 3421

AvaTrade now allows you to cancel bad trades!

AvaTrade now allows you to cancel bad trades!
AvaTrade has launched a new trading feature that provides you with "protection" against bad trades and allows you to be reimbursed for your initial investment. Referred to as "AvaProtect", this new risk management tool comes with a bonus, based on market volatility, once the contract is opened.

With AvaProtect, a trader can cover any unfavourable movement during a chosen time period, losing no more than the spread and the fees he has paid, while allowing him or her to take advantage of positive price movements.

"For a small fee, AvaProtect offers fast, easy and intuitive protection. Any loss by the trader on his or her transactions will then be credited directly to the client's trading account in the form of cash, without any withdrawal restrictions," AvaTrade says.

Available on the AvaTradeGO app

When a trader opts for AvaProtect, he essentially buys protection for the period preceding the loss, which gives him or her the right to be reimbursed in the event of a loss at the end of the protection period.

The cost of a risk-free transaction depends on the market that you are trading. Available on the AvaTradeGO app, the trader can see the fees before opening a position, since the premium is displayed on the transaction ticket. This bonus is kept separately next to the margin and, if triggered, will appear separately on the account statement.

"In life, we can always learn from our mistakes. This helps us to train ourselves while developing our skills. The trading world is no different in this regard. With AvaProtect, our clients can continue to learn from their mistakes. knowing that their capital will always be protected no matter what. This is a win-win scenario for everyone", says Diane Ferguson, head of AvaTrade.

"There's no doubt that AvaProtect will revolutionise trading, offering intuitive and improved protection to all of our traders, which will greatly benefit them by allowing them to manage their risks more effectively, knowing that they can protect their transactions against losses - which is totally unique in our industry", adds Ferguson.

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