The Ayondo Broker was founded in 2008 and specializes in technologies related to financial trading. Based out of Frankfurt, it already has more than 210,000 users from more than 195 different countries and multiple awards under its belt. This FinTech group prides itself on having a top platform you will find in a broker comparison – social trading comparison thanks to its intuitiveness and features. As of March 26, 2018, Ayondo Ltd. was officially the very first FinTech company to be on the Singapore Stock Exchange.
- Based in Frankfurt, Germany
- Traded on the Singapore Stock Exchange
- Serves more than 195 countries
- Established in 2008
- 1. 1)Social Trading Offer: Specializing in Social Trading and CFDs
- 2. Social Trading Costs: Competitive Spreads
- 3. Accounts: Live Trading or Demo Account
- 4. Functions: Award-Winning with a Simple Interface
- 5. Usability of the Website: Intuitive Layout
- 6. Customer Support: Numerous Options Available
- 7. Methods of Payment: Wire Transfer or Credit/Debit Card
- 8. 8)Additional Offers: Demo Account, Educational Materials, and More
- 9. Regulation & Deposit Protection: Fully Regulated
- 10. Awards: Numerous Honors Over the Years
- 11. Conclusion: Our Ayondo Social Trading Review
Trader Rating Total
up to 1:30
Yes, available for 21 days
1)Social Trading Offer: Specializing in Social Trading and CFDs
The Ayondo Broker has two main specialties in terms of trading: social trading and CFDs. Our Ayondo Social Trading – review 2018 lets you know that in addition to social trading, the CFDs available for trade on this platform include shares, commodities, currencies, and indices. To show their range, Ayondo keeps a running tally of the number of real-money transactions made to date on the website, which was at 115,697,057 at the time of writing. There are 24 indices available to trade, including from the UK, U.S., Germany, other parts of Europe, Asia, volatility, and daily rolling cash. Traders can also choose from 36 currency pairs, 21 global shares, seven ETFs, nine commodities, and eight interest rates and bonds.
Those more interested in the Ayondo Social Trading features will appreciate the ability to find Top Traders. These are ranked by the number of followers or performance, so you can easily find the top choices for your portfolio. As you build your social trading portfolio with Ayondo, you will see how it would have performed. When you are ready, copy the traders to your account and start investing.
- Follow top traders with social trading
- Trade indices, forex, shares, ETFs, commodities, or interest rates and bonds
- At least 115,697,057 real-money transactions completed
2) Social Trading Costs: Competitive Spreads
Accessing personalized customer service with Ayondo is always free, and there are no fees for maintaining the account or even an inactivity fee, the latter of which helps set Ayondo apart in a broker comparison – social trading comparison. It also offers a Swap Free Account, so you do not have to pay to hold a position overnight. Rollover costs are also only 50 percent of standard spread costs to help out users. There are, however, follower fees to make becoming a Top Trader worth it. There is a 25 percent performance fee and a 1 percent p.a. daily management fee via the performance-based remuneration model. Top Traders who choose the volume-based remuneration model receive a signal fee of 1 Euro Cent for each executed signal.
Most of the profit made by the Ayondo Broker is via spreads, but even so, they remain competitive. Index spreads are as low as 0.1 for the US Volatility Future Index but can be as high as 40 for China 50 Future, with most spreads closer to the lower end of the spectrum. The spread for EUR/USD is just 0.00008 or 0.001 per unit with a margin requirement of 1 percent. Share spreads start at 0.1 percent, commodities start at 0.01. Instead of relying on leverage for CFD trading, Ayondo Social Trading lets you choose your margin from a low level up to 100 percent.
- EURUSD spread at 0.001
- Two remuneration models for Top Traders
- You choose your margin
3) Accounts: Live Trading or Demo Account
With Ayondo Social Trading, you can choose from a Live Trading account or a Demo account. Each email address can only have a single account registered to it, so all trading actions, whether they involve social trading, will come from a single account. Social Trading accounts require at least £2,000. With this quantity, you can proportionally follow trades of as many as five Top Traders. Within the single account type, there are both Followers and Top Traders. Followers set up their accounts to copy the trades of the Top Traders. Spread Betting Accounts are also available for those in the Republic of Ireland and Great Britain, while all others can use a CFD account.
While most brokers offer Demo accounts, there are some variations in broker comparison – social trading comparison. The Ayondo Broker, for example, only offers the Demo account for 21 days. This Demo account is as close as possible to real market conditions, but it might not be exact. This is a great way to get a feel for the platform and social trading, if you are new to the strategy.
- Demo or Live account
- Top Traders and Followers have same account types
- Only one account available per user
4) Functions: Award-Winning with a Simple Interface
According to our Ayondo Social Trading – review 2018, the platform for this broker has a nice and simple interface along with a quick execution and the sophisticated technology that traders will want. The design is simplified, so you can focus on what you want, with filters to guide you. To make the proprietary platform even more helpful, it includes not only state-of-the-art indicators and charts, but also one-click trading from those charts. You can access TradeHub from anywhere, including on mobile devices and computers. Or you can download the TradeHub application for free for your Android or iOS device.
The mobile version is full featured, including the ability to monitor positions or make trades on the go. It has all the features you will find on the main Ayondo Broker platform, such as live streaming charts and prices and the ability to withdraw from or fund the account. Those who plan on doing more than just Ayondo Social Trading will want to take advantage of the TradeHub charting package, as well. It includes 13 chart types and more than 170 studies, works on mobile devices, and is customizable and browser based without any need to download.
- Proprietary platform, TradeHub
- Web based for use from any device
- Available via downloadable mobile app for iOS and Android
5) Usability of the Website: Intuitive Layout
The Ayondo Broker website is well laid out, giving you the information that you need in a way that is easy to find. There is a main menu at the top of the page with categories for “Social Trading,” “Trading,” “Partners,” “Learn,” “About,” and “Contact.” Clicking on any of these links will take you to the relevant page, where you will find sub-pages listed both at the top, just below the main navigation bar, and on the left side of the screen. This organizational method is intuitive for finding information, but our Ayondo Social Trading – review 2018 does feel it would be a bit easier if you could hover over each topic to select a sub-category instead of having to click and load a page.
To help, the entire navigation bar, plus the sub-pages for each main page, are listed at the bottom of every single page of Ayondo. This prevents the need to scroll back up to get between sections and lets you see which category a specific piece of information is under. There is also risk information at the bottom of every single page, making it easy to find. The overall design of Ayondo Social Trading is professional, with a nice use of white, light blue, and black. The website is available in six different languages to appeal to a larger audience.
- Easy-to-find information
- Professional design
- Six languages
6) Customer Support: Numerous Options Available
In a broker comparison – social trading comparison, the Ayondo Broker goes above and beyond in terms of customer support. You can contact customer service via email or phone. You can also make a client service request at any point and have it dealt with the following business day. Those in Frankfurt, London, and Singapore can go visit one of the physical Ayondo service desks. There are even personalized guided tours available of the platform given by one of the team of experts. In addition to online trading 24 hours a day, there is even phone trading available, something that is rare in modern brokers, a strong point in favor of Ayondo Social Trading. Ayondo even offers “TeamViewer,” which is remote access support to speed up the troubleshooting process.
Additionally, Ayondo offers numerous tools that are likely to provide traders with answers to questions before they have to contact support. There is an entire learning section that includes user manuals and an FAQ section that has a good amount of detail, plus a glossary.
- Support by phone or email
- In-person support in London, Frankfurt, and Singapore
- FAQs, user guides, and other resources to help before calling
7) Methods of Payment: Wire Transfer or Credit/Debit Card
While Ayondo Social Trading does not offer quite as many options for funding an account as some other traders, it has the most popular methods and enough for the average person to be able to easily fund an account. You can easily fund your account using your credit or debit card, which will give you immediate access to the funds. There is no fee for deposits, unless your card was issued outside the EEA, in which case there is a 1.75 percent transaction fee. To use a card, it must be 3D secure. You can choose to fund your account with a bank wire transfer from EUR, USD, GBP, SEK, SGD, DKK, or CHF. If your bank charges Ayondo a fee for this transaction, the Ayondo Broker will pass it on to you. Bank transfers can take as long as five business days to appear.
As with other broker comparison – social trading comparison brokers, Ayondo will only return funds back to the same method you used to deposit them, so a credit or debit card or bank transfer. The preferred method is always a debit/credit card, and Ayondo will not issue a check. The processing can take up to five business days.
- Deposit via credit or debit card instantly
- Deposit via bank transfer in five business days or less
- Withdrawals via the same method used to fund account
8)Additional Offers: Demo Account, Educational Materials, and More
As a social trading platform, the most exciting additional offer in our Ayondo Social Trading – review 2018 is the ability to Follow a Top Trader and use their trading signals. There is also the previously mentioned Demo account available, which can be active for 21 days. Even those who do not have an Ayondo Social Trading account or Demo account can take advantage of the portfolio simulator to get a feel for Top Traders’ portfolios. Once you create an account, you also get access to the charting package mentioned earlier in the TradeHub platform.
Traders of all skill levels can find a vast range of educational resources on the Ayondo Broker’s “Learn” page. Here, you will find detailed information about CFDs, the FAQ section, and a glossary. This section features User Manuals for the TradeHub platform. This is where you will find Ayondo’s version of an economic calendar, which is called “Useful Dates” and displays holidays, expiries, company earnings, and forthcoming dividends. At any given time, you can also view upcoming webinars that you may want to attend. They cover a range of topics, such as Social Trading, general trading, and more.
- Demo account for 21 days
- Charting package via TradeHub platform
- Extensive user manuals, FAQs, glossary, and guides
9) Regulation & Deposit Protection: Fully Regulated
Regulation and protection are important parts of any broker comparison – social trading comparison, and Ayondo has multiple protections in place. The full company name, Ayondo markets Limited, is both regulated and authorized by the FCA, Financial Conduct Authority, within the UK. The FCA register number is 184333. There is also Ayondo portfolio management GmbH, which the German Financial Supervisory Authority, BaFin, regulates and authorizes. There are multiple official offices for the Ayondo Broker, including in London, Frankfurt, Singapore, Madrid, Barcelona, and ZUG, Switzerland. The company is also listed on the Singapore Stock Exchange.
Due to FCA regulations, our Ayondo Social Trading – review 2018 confirms that client and company funds are segregated. In addition to the standard FSCS coverage, Ayondo Social Trading gives clients free extra insurance up to £1 million per client. Additionally, Ayondo provides free Negative Balance Protection. To further provide peace of mind for clients, Ayondo has daily internal reconciliations to confirm it has enough funds to pay retail client liabilities, and an independent audit firm carries out an annual audit of client money. Throughout the website and platform, Ayondo uses the top levels of security for financial services.
- Regulated by FCA and BaFin
- Offices in London, Singapore, Frankfurt, and more
- Insurance of up to £1 million per client
10) Awards: Numerous Honors Over the Years
Since its founding in 2008, there have been numerous positive Ayondo Social Trading – review 2018 articles, and this platform has the awards to go along with that reputation. In 2013, the Ayondo Broker made the list of the FinTech 50, the top 50 companies in the world in the field of financial technology. In 2016, Ayondo won the award for “Best Social Trading Platform” from the 17th MENA FFXPO (International Financial Forum & Expo) in Dubai. That same year, it earned the ADVFN International Financial Award for “Best Social Trading Platform.” The awards continued in 2017, with Broker-Wahl honoring the CFO and the platform earning the title of “Best Forex Social Trading Broker” from the UK Forex Awards.
Based on the number of honors for the Ayondo Social Trading platform, it is clear that independent parties as well as reviewers appreciate all that the platform has to offer. It is well organized and filled with features, providing options for both web based and mobile versions and support for numerous languages. Ayondo has also continued to live up to the reputation that earned it a spot on the 2013 FinTech 50, remaining a leader in financial technology.
- Part of the FinTech 50 in 2013
- Honored as the top social trading platform
- Honored as the top forex social trading broker
Conclusion: Our Ayondo Social Trading Review
Among social trading platforms, the Ayondo Broker holds up very well. It offers a nice range of assets to trade, with or without the social trading elements, and has a website that is clearly laid out. With an Ayondo Social Trading account, those new to CFD trading and spread betting can choose their risk level and learn while copying traders with more experience and better track records. The platform behind Ayondo receives high reviews and has earned several rewards, so while it is not MT4, it is still a solid platform. In addition to regulation, Ayondo provides additional peace of mind for clients via the enhanced insurance coverage, separation of funds, and Negative Balance Protection. The only reason traders should consider going with another social trading platform would be if you need an Islamic account or prefer a system that has features for social interaction. Otherwise, our broker comparison – social trading comparison finds Ayondo to be a very solid choice and worthy of trying out the Demo account.
- Regulated by FCA and BaFin
- Founded in 2008
- Several customer support options
- Risk management features
- No Islamic account
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