AvaTrade selects its new payment processor: WorldPay

AvaTrade, a foreign exchange and contracts for differences (CFD) broker, recently announced that it has selected Worldpay as its new payment partner. Worldpay's solutions are expected to meet Ava's payment processing needs, facilitating fast and secure transactions for all traders.

Expanded payment options

Karel Voigt, Strategic Sales Director Financial Services at Worldpay, said on LinkedIn: "Excited to share that leading online trading broker, AvaTrade, has chosen Worldpay as its new payment partner. Our robust solutions will meet payment processing needs of AvaTrade, enabling fast and secure transactions for all of its traders"

In the meantime, Worldpay, LLC, has completed its sale and now operates independently under majority ownership of GTCR (55%), with FIS retaining 45%. Charles Drucker resumed his role as CEO to optimize performance.

The company plans to increase customer value by increasing investments in product development and technology, targeting strategic acquisitions in different sectors and regions. GTCR has pledged up to $1.3 billion in additional equity to support these efforts.

Introducing AvaFuture for Futures Trading

AvaTrade has expanded its services by introducing a specialized futures trading platform called AvaFuture. This platform offers micro, mini and standard futures contracts on different asset classes, including indices, commodities, currencies, treasuries, cryptocurrencies and metals. These contracts are priced at $1.75 per standard per transaction, as stated on the AvaFuture website.

Founded in 2006, AvaTrade is headquartered in Ireland and provides forex and CFD trading services for stocks, ETFs, cryptocurrencies and other assets. The addition of futures trading expands its offering to retail traders, complementing its existing services such as options trading through AvaOptions.

AvaTrade is regulated by authorities in Ireland, the British Virgin Islands, Australia, South Africa, Japan, the United Arab Emirates, Cyprus and Israel, ensuring compliance with operational standards. Although regulatory details for the new futures platform have not been specified, AvaTrade may operate under any of its existing licenses, depending on jurisdiction.

In addition to expanding its products, AvaTrade is exploring the possibility of obtaining a regulatory license in Spain to improve its services within the European Union.