Our Review of Ayondo
Ayondo is for active traders who are looking to develop winning trading strategies in the Contracts for Difference (CFD) market. Its mission is to change the retail trading and investment industry by allowing new or unsuccessful traders to put together their own personal dream team of traders and copy their trading strategies. This also benefits the successful traders because they can make higher commissions based on the number of followers they have and turn their Ayondo trading strategies into a scalable business.
Ayondo has three types of accounts. The “Demo Account” allows traders to use virtual money to make trades without risking real money. Traders who use the “Live Account” can make trades risking their own actual money. When signing up, users are prompted to choose a Spread Betting/CFD-Trading account where they can do their own trading and/or a Social Trading account where they can follow top traders.
Commissions and Spreads
Spread points varies based on if the client is trading CFDs in indices, currency, stocks, commodities, interest rates or bonds. There is no information on commissions, and fees are embedded in the spread points.
Ayondo uses TradeHub as its trading and investing software platform. TradeHub can be customized to suit the user’s needs, and it provides traders with the same tools that institutional investors use. There is also a TradeHub app for iPhones and Android.
Deposits and Withdrawals
Ayondo allow you to fund your account using a bank wire transfer, or a credit/debit card. Withdrawals can be processed to the funding source - eg if you deposited with a card your funds will be returned to that card when you make a request, or the following business day should you request a withdrawal after 12.30pm GMT. Withdrawal to a bank account is also possible but requires a special request to their customer service department.
Ayondo has customer support for social trading help and trading help. Social trading help is located in Frankfurt, Germany, while trading help is located in London. They can both be contacted by phone, email or postal mail.
Regulators and Safety
The Financial Conduct Authority regulates Ayondo, and the FCA requires Ayondo to keep client funds separate from company funds. Ayondo also insures individual client funds up to 500,000 GPB or a little over $714,000.
Leverage & Spreads
Leverage is involved in spread betting/CFDs and allows leverage of up to 200:1 on instruments traded through their platform. Spreads at Ayondo start from just 1.5 pips on EUR/USD trades.
Ayondo are running a special New Year Bonus offering up to 20% bonus on initial deposits of between €/£500 and €/£10,000. Additionally if you move your account to Ayondo before the 31st March 2015 there is an bonus of £/€ 500 on any deposit of more than €/£ 3,000.
Ayondo offers traders a way to learn from other traders on how to succeed in the spread betting/CFD market. It is easy to sign-up with this company, but potential clients need to make sure Ayondo is available in their country. Due to financial regulations, traders in countries like the United State are not allowed to participate in Ayondo.