AvaTrade, a leading online forex, and CFD broker, has announced a significant enhancement to its VIP trading program. The company is now offering an interest rate of up to 2.7% on idle funds for its VIP Diamond traders. This innovative move is set to revolutionize the forex trading industry by providing a passive income stream for traders.
According to the details of AvaTrade’s VIP program, VIP Diamond traders are now eligible to receive interest rate payments on their free margin. The rates vary depending on the currency, with a 1.8% interest rate for EUR and a significant 2.7% for other currencies. By paying interest on traders’ free margin, AvaTrade rewards its premium members and incentivizes more traders to consider its VIP membership.
This development signifies AvaTrade’s commitment to providing superior benefits to its VIP clients. The company aims to broaden this interest payment benefit beyond VIPs in the future, indicating a progressive move towards rewarding all its traders.
AvaTrade’s Premium membership offers a unique trading environment that includes VIP support, expedited withdrawals, and preferential trading conditions. The new interest rate incentive adds another layer to the value proposition for members, providing a means to earn passive income on their idle funds.
This innovative approach to rewarding traders is a testament to AvaTrade’s commitment to creating a dynamic trading environment. The company continually strives to enhance its offerings, ensuring it remains at the forefront of the forex trading industry.
In addition to the new interest payments, AvaTrade continues to diversify its financial instruments. The company has recently added options trading to its portfolio. This new addition further strengthens AvaTrade’s position as a comprehensive trading platform catering to various trading needs.
This move by AvaTrade to offer interest on idle funds is an industry-first. It provides a unique opportunity for traders to earn passive income, which is typically not available in the forex trading industry. By providing this new benefit, AvaTrade intends to attract more high-volume traders and potentially transform how online brokers reward their clients.
The decision by AvaTrade to enhance its VIP trading program with an interest rate of up to 2.7% on idle funds demonstrates the company’s innovative approach to forex trading. It highlights AvaTrade’s commitment to offering unique benefits to its traders, providing them with opportunities to maximize their earnings.
