AvaTrade changes terms of annual interest accrual for VIP clients
Broker AvaTrade has announced changes to the credit terms for VIP clients, allowing this category of users to receive enhanced interest payments.
The decision is aimed at providing eligible users with more trading opportunities.
Under the changes, the broker will automatically credit VIP clients' accounts with up to 2.7% annual interest, providing more profit opportunities.
"Over the past 17 years, AvaTrade has always strived to create opportunities for traders. This free margin loan is our way of giving back to our loyal clients. It is our path to ensuring that they are able to take advantage of market conditions while watching their investments grow," said Dáire Ferguson, CEO of AvaTrade.
However, AvaTrade notes that the new APR terms on accounts are currently available only to VIP clients, but the company is considering the prospect of extending the offer to other user groups.
Broker AvaTrade was founded in 2006 and has more than 300,000 registered users. The company processes more than 2 million trades per month. AvaTrade caters to traders of all levels and ensures high security regulations for its clients.
The broker is regulated by the Central Bank of Ireland and holds a number of licenses, giving it access to regional markets in the Middle East, South Africa, Japan, and Latin America. Also, the company has immediate plans to open an office in Madrid, Spain.