Numerous clients with online trading have demanded forms of protection to defend themselves from potential risks. One exchange has implemented new AvaProtect feature that provide those traders with that exact form of protection. AvaTrade confirmed that their latest trading feature offers protection against losing deals on original investments. However, those wanting this premium feature will pay a separate fee that’s determined by market volatility. Those facing losing positions can reverse movements during any selected period. All that’s lost is the associated free of that position, and it’s spread. Using AvaProtect allows for price movements to remain positive.
The company explained in their announcement: “For a small fee, AvaProtect offers a quick, easy and intuitive protection. Any client losses on these trades will then be credited directly to the clients trading account in the form of liquid cash; with no withdrawal restrictions whatsoever.”
Those selecting the AvaProtect feature are purchasing a form of digital insurance for a specific period, allowing for the consumer to reimburse their losses throughout the protection insurance. The associated costs with maintaining this insurance regularly could be extensive, as numerous factors apply to protection insurance. This includes which market your engaging with and its respective volatility. Regardless, the AvaProtect feature is available on the AvaTradeGO Application. The associated fees on selected positions will be provided through trade tickets, which can be printed for tax records.
The chief executive officer of AvaTrade, Diare Ferguson, spoke with reporters on the AvaProtect feature. He said: “In life, we can always learn from our mistakes. It helps shape us as we develop our skills. The trading world is no different in this respect. With AvaProtect, our clients can continue to learn from mistakes, knowing that their capital will still be protected no matter what. It is a win-win scenario for all. There is no doubt that AvaProtect will revolutionise the market, providing intuitive & enhanced protection to all of our clients; greatly benefiting our traders by allowing them to manage their risk more effectively knowing they can protect their trading from losses – which is unique in our industry.”
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