AvaTrade revealed the launch of their AvaOptions mobile that is specially created for options traders and foreign exchange (Forex).
AvaOptions Mobile is an emerging platform that allows clients to trade Fx and Options. Moreover, clients can also use it for risk management, custom charting, economic calendars and trading signals etc. This is a move towards increasing the accessibility through a mobile app which would ensure that clients can undertake all activities through one mobile platform.
The platform includes a guide on integrated strategy which enables users to choose and select from various option strategies. The company stated that the platform uses a patented GUI that displays the risk and rewards of any trade considering past and future outcomes.
Daire Ferguson, CEO Avatrade, in his exclusive statement to Finance Magnates, propounded that after launching AvaOptions, users will never find it more easy and convenient to carry out option and FX trading. He added that it is all about their traders deserving the best and they would continue to strive to make technological improvements and advancements to their premium application.
AvaTrade commences launch Despite of the Coronavirus situation
The company proceeded with the launch despite of the coronavirus situation due to the fact that these uncertain times had an underlying impact on the economic conditions. A mobile app is becoming increasingly important for brokers because it allows them quick access and an ease of accessibility. According to Investment trends, a mobile platform is a critical differential factor for investors.
The announcement made today was seen following the launch of MetaTrader 5 platform which has the option of trading in bonds, vanilla options, sharing and various other assets.