Trading without losing trades is almost impossible. Unsuccessful actions bring valuable experience, but I would like it to not have to pay such a price. It is for this situation that the AvaTrade broker introduces the AvaProtect option.
When opening a transaction, a trader can hedge the risk of loss. To do this, an increased volatility commission must be paid. If a loss is recorded when the order is closed, the entire invested amount will be refunded to the client, minus the commission and spread. Possible profit is not limited.
Funds paid through AvaProtect are not considered a bonus. They can be freely withdrawn and transferred between accounts.
Representatives of the AvaTrade broker note that the use of the new hedging system is intuitive to users. The cost of the service is displayed in the ticket. Therefore, traders will correlate possible costs with risks before opening a transaction.
Dair Ferguson, CEO of AvaTrade, speaks of AvaProtect as a completely new offer in the financial services market. So far, traders have had to independently seek tools for hedging risks. Now all this is available right in the window for creating an order in the trading terminal.