Ayondo Review
What is Ayondo?
Ayondo was established in 2008 to serve as a FinTech group. Its main purpose is to open up the financial sector to institutional and retail clients. Ayondo clients have the option of choosing between Social trading that allows them to follow proven top traders or discover Market trading via their award-winning trading platform for CFDs, spread betting and spread betting.
Social Trading is an innovative and fast-growing technology that allows traders and retail investors to copy and monitor trading strategies in real-time, proportionately and fully automated. The broker offers a wide range of financial services and serves over 210,000 customers from more than 200 countries.
Broker: Ayondo
Minimum deposit:100 GBP
Leverage: 1:30
Regulator: BaFin. FCA
Year: 2008
Platforms: TradeHub
HQ: Germany
Ayondo Licenses:
Ayondo Markets Limited is authorized by FCA UK registration number. 184333 suspended
Ayondo Portfolio Management GmbH - authorized BaFin (Germany) registration no. 145765
Overview
Ayondo facilitates trading in forex, CFDs and binary options. This review will test each element of its offering, including fees, the demo account, and cryptocurrency capabilities.
Pros
There is a straightforward performance-based commissions system for Top Traders
There is a wide choice of instruments and markets to choose from
Negative balance protection can help prevent significant losses
Low capital requirements make Ayondo attractive to beginners
Cons
There is only capital protection at the account level, not at trader level
There is still a relatively small number of high performing signal providers to follow
Ayondo doesn’t offer a listing of the contributions from individual traders toward your overall portfolio performance
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.6
Specifications
Awards
Ayondo's main focus is on financial trading technology and tools development. This has led to numerous recognitions for the company.
Ayondo was ranked among the top 50 global financial technology companies in 2013 and became the first FinTech listed on Singapore's Stock Exchange.
Is Ayondo safe or a scam?
The core of Ayondo's portfolio and establishment is the Technology and Service Provider Ayondo GmbH. Social Trading services are provided exclusively by Ayondo Portfolio Management GmbH. Both companies based in Frankfurt, Germany while Ayondo portfolio management GmbH is authorized and regulated by the Bundesanstalt fur Finanzdienstleistungsaufsicht, BaFin.
Ayondo Markets Ltd, an investment firm, is based in London. It is also regulated by FCA. Additional offices that cater to the needs of clients are licensed to render their service .
The broker must comply with all regulations and restrictions. Ayondo's licenses allow customers to trade without negative balance or debit balance obligation. This ensures that traders do not lose more than they invest. Last but not least, supplementary insurance covers clients up to PS1,000,000 above the standard FSCS coverage.
Trade Platforms
TradeHub is the company's proprietary platform. It performs quick and accurate execution, has intuitive design, and allows for simple filtering to make it easy to search. Both novice traders can use the chart and tools to help them get started trading, but more advanced traders have access to them.
TradeHub's charting package, which uses SVG and Javascript based charts, is extremely customizable and includes modified technical indicators. The platform is available on both PC and mobile devices. It features tight spreads, low funding costs, and low rollover or funding costs.
Variable margins allow you to choose from low to high levels of leverage. You pay only for what you use. You can trade multiple markets and have constant support from the company. Client services are based in London and Singapore, and remain available at all times.
Accounts
CFDs are offered by Ayondo markets. This is a financial instrument that allows you to trade in the markets. It also includes the exchange of the difference between the indices and currencies, shares and ETFs and commodities.
The broker provides online trading via three accounts. This offer is not limited to Social Trading Followinger, Social Trading Top Trader, and CFD or Spread Betting.
Social trading is a new and exciting option that allows you to automate trading signals according the Top Trader, as well as track your performance through your account.
TradeHub Platform offers the CFD, Spread Betting account along with powerful charts. Spread betting accounts are not available to customers outside of Great Britain and Ireland.
Fees
The broker offers spreads with no volatility, minimal risk through guaranteed loss, and no commissions.
However, you can see below the typical trading fees for most instruments. Also, compare Core Spreads trading fees with another popular broker BlackBull Markets.
You should consider any additional charges that are included in the overnight financing or swap rates. These are usually charged at a rate of 2.5% p.a. If you have an open position for more than one day, the relevant interbank rate will be charged.
Leverage
Ayondo's trading leverage conditions are designed to maximize the offer through leverage. This is in accordance with the FCA and BaFIN regulations. European authorities restrict leverage to a maximum of 1:30 in major currency pairs, 1/20 for minor currencies, and 1:10 in commodities.
Deposits and withdrawals
You have a variety of payment options to fund your live account, including bank wire and credit / debit card.
Deposit
The minimum deposit amount has been set at a competitive 100$ which allows beginning traders to have a smooth trading experience. Check your account preferences to determine the minimum amount you need. For example, accounts for social trading require at least 2,000$.
Withdrawal fee
The 0$ fee is charged for cards deposits. However, transactions that are made from outside the EEA are subject to a 1.75% charge. To ensure secure transactions, payments can only be made using 3-D secure Visa cards. You can withdraw money from your account by simply completing a simple request. The funds will then be returned to you original source.
Conclusion
A licensed broker Ayondo allows you to trade safelywhile also bringing new ideas into the trading industry.
Ayondo offers traders more opportunities, unique tools and a wide product selection. This helps them become successful investors and happy traders. Their social trading platform is one of the largest and most used by Top Traders as well as their followers.
It is also a good thing that traders with small accounts can start trading, which is an important benefit for beginners. Global traders will find the broker a valuable resource that opens up trading options through multiple options. It's definitely worth considering.
However, it's always nice to hear your opinion on Ayondo. Please share them below.
Ayondo Updates
Ayondo reported activity in December 2020. The broker has ceased all trading activities and is now closed.