AvaTrade, a retail foreign exchange (FX) and CFD broker, announced on Tuesday that it has teamed up with Friedberg Direct to give Canadian residents access to AvaTrade’s trading platforms.
Friedberg Direct is part of one of Canada’s oldest dealers, Friedberg Mercantile Group Ltd. Under the agreement, Friedberg has licensed AvaTrade Technology. This means the company will provide access to AvaTrade’s multiple trading platforms, mobile app, and customer support.
Through Friedberg Direct, residents of Canada will be able to trade a broad range of CFDs. These include metals and other commodities, stock, indices, currency pairs, stocks. ETF-based CFDs, US, Japanese, and European government bonds/treasures and vanilla options on forex pairs will also be available.
Commenting on the agreement, Friedberg Direct’s Head of On-Line Trading, Michael David, said: “we are very excited to be able to add access to AvaTrade’s innovative technology to our online offering for Canadian clients. Clients will benefit from our many years of experience in this market space as well as our dedication to maintaining the highest standards of regulatory compliance.”
“We believe that the addition of our collaboration with AvaTrade will allow Canadian clients to expand their trading horizons and explore new trading instruments and value-added features within a regulated environment. We very much look forward to continue providing Canadians with exceptional choice in platforms and technology providers, as well as the exemplary trading experience that they have been accustomed to from Friedberg Direct “.
AvaTrade expands presence in Canada
Founded in 2006, AvaTrade has grown to have an international presence. The firm has 16 offices across the world, with its headquarters in Dublin, Ireland. At present, the broker operates under six regulators across the European Union, Japan, Australia, South Africa, BVI, and the Middle East.
Speaking on the collaboration, AvaTrade’s CEO, Daire Ferguson added: “this is yet another proud exciting collaboration by AvaTrade. We are constantly seeking strong partners who want to utilize our AvaTrade technology to bring the financial markets to anyone who would like to participate.”
“We believe that Canadian traders are enthusiastic about trading with a fresh, innovative online service. With this collaboration, Friedberg Direct will be able to offer traders not only some of the best in trading conditions, but also a place at the forefront of a rapidly developing market.”