Leading online FX & CFD broker AvaTrade has confirmed that it has acquired the Australian customer book of Sydney based broker YouTradeFX. This marks another milestone in AvaTrade’s continued expansion in the ever so important Asia pacific markets.
Ava Capital Markets Australia Pty Ltd, AvaTrade’s Australian subsidiary, pursued the deal with youtradeFX over several months after concluding that the firm’s client database would integrate well with its own existing clientele and infrastructure in Australia.
AvaTrade has already completed the process of migrating customers to its platform, where they will find a number of distinct advantages the company states. These include a wider choice of desktop and mobile trading platforms, more CFD instruments, as well as FX options and binary offerings. Former youtradeFX clients will also get access to AvaTrade’s range of educational tools, including exclusive videos from HushTrade and daily analysis from FX Insights.
AvaTrade Chief Commercial Officer Keith Goldson said: “We are delighted to announce this agreement which is another step in achieving AvaTrade’s goal of expanding its presence in the Asia-Pacific market. YoutradeFX has a dedicated client base of serious traders who will benefit enormously from the move to AvaTrade. They will find more opportunities in the markets, top notch educational materials, and the best customer support in the business.”