Established in 2006, AvaTrade now boasts a global presence with 20 offices and over 400,000 active traders. The firm has received authorization from the Financial Superintendence of Colombia, enabling its official entry into the Colombian market.
AvaTrade Expands into Colombia
AvaTrade, a globally regulated broker, has secured approval from Colombia’s Financial Superintendence (SFC), allowing it to begin operations within the country. This regulatory nod marks a significant milestone for AvaTrade as it continues its strategic expansion into the Latin American region.
Enhancing Global Footprint
Daire Ferguson, CEO of AvaTrade Group, has highlighted the importance of the Colombian market in their global expansion strategy. The company is committed to offering a diverse range of financial products and services to Colombian traders, ensuring that client funds are held in secure, segregated accounts.
AvaTrade is also dedicated to investing in cutting-edge trading platforms, which are accessible via both mobile and desktop devices, providing Colombian traders with top-tier technology and security.
“Our entry into Colombia is a pivotal moment in our global growth and reinforces our regulatory presence in the LATAM region,” commented Ferguson. “Colombian traders now have access to a premium multi-asset platform that includes CFDs, Options, and Futures, allowing them to trade directly on major global exchanges such as CME and Eurex.”
In addition, AvaTrade has recently launched a new platform, AvaFuture, designed specifically for futures trading. This platform offers a range of futures contracts, including micro, mini, and standard options, across various asset classes like indices, commodities, currencies, treasuries, cryptocurrencies, and metals. The cost per standard trade is set at $1.75.
AvaTrade’s Ongoing Global Expansion
Since its inception in 2006, AvaTrade has significantly expanded its global operations, now supporting over 400,000 traders worldwide and facilitating more than two million trades monthly. The company operates 20 offices across multiple continents, all while maintaining a strong commitment to regulated and secure trading environments.
Jeffrey Navarro, LATAM Regional Director at AvaTrade, praised the SFC’s approach to financial regulation, stating, “The proactive stance of the SFC sets a high standard for financial regulation in Latin America. With this approval, Colombian traders are assured of safer and more transparent trading opportunities in global markets.”
